Cognex Corporation (CGNX)财务
NASDAQ · Technology · Hardware, Equipment & Parts · 员工2,745人 · CEO Matthew Moschner
- 股价
- $56.15 -4.78%
- 市值
- $94.5亿
- 企业价值
- $92.2亿
- 最近财报
- Q2 '26 2026-08-06提交
- 下次财报
- 2026-11-04 EPS预期 $0.52
营收(TTM)$10.9亿+17.1% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)21.9%+7.7 百分点 对比去年同期营业利润 $2.38亿
净利润(TTM)$1.75亿+43.2% 对比去年同期税后,含营业外收益
自由现金流(TTM)$2.68亿+49.4% 对比去年同期资本支出 $834万
稀释EPS(TTM)$1.03+45.1% 对比去年同期最近4个季度之和
净现金$3.32亿+128.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $94.5亿 EV $92.2亿
- 营收
- $10.9亿 过去12个月
- 营收增速
- +15% FY2026年一致预期
- 净利润率
- 16.1% 净利润 / 营收,TTM
- P/E
- 53.5× 预期 33.4×(FY2026)
- P/S
- 8.7× 股价 / 营收,TTM
- EV / EBITDA
- 33.0× TTM
- 自由现金流
- $2.68亿 过去12个月
- 净利润
- $1.75亿 过去12个月
- 营收预期
- $11.5亿 FY2026年一致预期
- 盈利
- 2026-11-04 营收预期 $3.14亿
- 股息
- $0.34 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-05):营收符合预期,EPS 超预期6.2%营收$2.91亿,预期$2.92亿(-0.3%);EPS $0.45,预期$0.42(+6.2%)。
- 营收增长加速:同比16.9%Q2 '26营收$2.91亿,此前四个季度的平均值为14.0%。
- 营业利润率21.9%(TTM),较去年同期+7.7 百分点营收增长17.1%,营业利润增长80.7%。
- 资本支出占营收的0.8%(去年为1.2%)最近4个季度投入$834万(同比-25.3%)。自由现金流$2.68亿,相当于净利润的153.5%。
- 股东回报$2.1亿 = 自由现金流的78.4%回购$1.54亿(去年为$1.49亿),股息$5610万,股权激励$4940万(TTM)。
- 稀释股数一年内增加0.8%Q2 '26稀释股数1.7亿,一年前为1.69亿。
- 净现金 $3.32亿现金 + 短期投资 $4.04亿,含租赁债务 $7250万;一年前净现金 $1.45亿。
上一季度:Q2 '26
截至2026-07-05的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $2.91亿 | $2.49亿 | +16.9% |
| 毛利率 | 70.6% | 67.4% | +3.3 百分点 |
| 营业利润 | $8550万 | $4340万 | +96.9% |
| 营业利润率 | 29.4% | 17.4% | +11.9 百分点 |
| 净利润 | $7280万 | $4050万 | +79.6% |
| 稀释EPS | $0.43 | $0.24 | +79.2% |
| 经营现金流 | $6920万 | $4260万 | +62.2% |
| 资本支出 | $153万 | $219万 | -30.2% |
| 自由现金流 | $6760万 | $4040万 | +67.3% |
| R&D | $3240万 | $3310万 | -2.1% |
| 股权激励费用 | $1120万 | $1230万 | -8.8% |
实际 vs 一致预期
2026-08-05| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $2.91亿 | $2.92亿 | -0.3% |
| EPS(一致预期口径) | $0.45 | $0.42 | +6.2% |
来自2026-08-05发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Standard Products and Services | $2.47亿 | +14.4% | 84.8% | – | – | |
| Application-Specific Customer Solutions | $4420万 | +33.6% | 15.2% | – | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Americas | $1.17亿 | +27.0% | 40.2% | $4.54亿 | +21.6% | |
| Europe | $5890万 | -11.6% | 20.2% | $2.61亿 | +17.6% | |
| CHINA | $6610万 | +46.9% | 22.7% | – | – | |
| Asia, Excluding China | $4920万 | +8.6% | 16.9% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $2.77亿
- 资本支出
- -$834万
- 股票回购
- -$1.54亿
- 股息
- -$5610万
- 收购
- $0
- 债务净发行
- $0
- 股权激励费用
- $4940万
- 自由现金流
- $2.68亿
- 股东回报 / FCF
- 78.4%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 53.5× | 52.2× | 38.0× – 63.2× |
| EV / EBITDA | 33.0× | 36.2× | 27.4× – 48.9× |
| EV / 营收 | 8.5× | 8.4× | 5.9× – 13.1× |
| 股价 / FCF | 35.2× | 46.8× | 25.5× – 80.0× |
| 股价 / 净资产 | 5.8× | 5.6× | 4.1× – 9.6× |
| FCF收益率 | 2.8% | 2.5% | 1.2% – 3.9% |
| 投入资本回报率 | 8.2% | 8.7% | 5.1% – 15.2% |
| 净资产收益率 | 11.5% | 11.3% | 7.0% – 19.6% |
分析师
一致目标价 $75.36 (+34.2%)
区间 $65.00 – $91.00 · 评级 Hold
强烈买入1
买入14
持有15
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $11.5亿 | +15.3% | $1.68 | +147.5% | 33.4× | 12 |
| FY2027 | $12.7亿 | +11.0% | $1.98 | +17.9% | 28.3× | 12 |
| FY2028 | $14.1亿 | +10.8% | $2.27 | +14.5% | 24.7× | 9 |
| FY2029 | $16.1亿 | +14.4% | $2.50 | +10.1% | 22.5× | 3 |
| FY2030 | $16.4亿 | +1.9% | $2.39 | -4.4% | 23.5× | 3 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Cognex Corporation在近期10-Q / 10-K文件中标记的全部303项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $6510万 | $4230万 | +53.9% | $5020万 | $3800万 | +32.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $2.16亿 | $1.84亿 | +17.6% | $1.47亿 | $1.43亿 | +2.3% |
| Accounts Receivable, Allowance for Credit Loss | $72.8万2025-12-31 | $82.7万 | -12.0% | $72.8万 | $82.7万 | -12.0% |
| Accounts Receivable, Allowance for Credit Loss, Current | $72.6万 | $62万 | +17.1% | $135万2013-12-31 | $113万 | +19.7% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $55.5万 | $22.2万 | +150.0% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $25万2025-12-31 | $35.9万 | -30.4% | $47.7万 | $45.9万 | +3.9% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $29.2万2025-12-31 | $13.1万 | +122.9% | $73.1万 | -$30.6万 | +338.9% |
| Accrued Bonuses, Current | $3570万2025-12-31 | $1870万 | +90.5% | $3570万 | $1870万 | +90.5% |
| Accrued Income Taxes, Current | $913万 | $548万 | +66.4% | $914万 | $2570万 | -64.4% |
| Accrued Liabilities, Current | $8060万 | $7830万 | +2.9% | $9140万 | $7180万 | +27.4% |
| Accrued Salaries, Current | $817万2025-12-31 | $512万 | +59.5% | $817万 | $512万 | +59.5% |
| Accrued Vacation, Current | $516万2025-12-31 | $395万 | +30.8% | $516万 | $395万 | +30.8% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.4亿2025-12-31 | $1.27亿 | +10.2% | $1.4亿 | $1.27亿 | +10.2% |
| Accumulated Depreciation, Depletion and Amortization, Sale or Disposal of Property, Plant and Equipment | – | – | – | $565万 | $949万 | -40.5% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -$5430万2025-12-31 | -$6780万 | +19.9% | -$5430万 | -$6780万 | +19.9% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$6250万 | -$3780万 | -65.3% | -$5350万 | -$7280万 | +26.5% |
| Additional Paid in Capital, Common Stock | $12.9亿 | $11.1亿 | +16.6% | $11.4亿 | $10.9亿 | +4.4% |
| Adjustment for Long-term Intercompany Transactions, Net of Tax | – | – | – | $127万 | $127万 | 0.0% |
| Advertising Expense | – | – | – | $143万 | $129万 | +11.4% |
| Amortization of Intangible Assets | $229万 | $268万 | -14.5% | $1050万 | $1140万 | -8.0% |
| Amortization of Other Deferred Charges | – | – | – | $983万 | $1250万 | -21.4% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 178万 | 1060万 | -83.2% | 1030万 | 850万 | +20.7% |
| AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax | $211万2025-12-31 | -$370万 | +157.0% | $211万 | -$370万 | +157.0% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1120万 | $1230万 | -8.8% | $4850万 | $5240万 | -7.5% |
| Assets | $21.8亿 | $20亿 | +8.7% | $20.2亿 | $19.9亿 | +1.2% |
| Assets, Current | $8.5亿 | $6.26亿 | +35.8% | $6.97亿 | $6.13亿 | +13.7% |
| Capitalized Contract Cost, Gross | $2010万 | $1410万 | +42.4% | $1060万 | $1070万 | -1.1% |
| Cash | $2亿2025-12-31 | $1.71亿 | +16.9% | $2亿 | $1.71亿 | +16.9% |
| Cash and Cash Equivalents, at Carrying Value | $3.03亿 | $1.79亿 | +68.7% | $2.63亿 | $1.86亿 | +41.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $3.03亿 | $1.79亿 | +68.7% | $2.63亿 | $1.86亿 | +41.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $6520万 | $3560万 | +83.3% | $7680万 | -$1660万 | +563.9% |
| Common Stock, Dividends, Per Share, Cash Paid | $0.09 | $0.08 | +6.3% | $0.33 | $0.31 | +6.6% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 3亿 | 3亿 | 0.0% | 3亿 | 3亿 | 0.0% |
| Common Stock, Shares, Issued | 1.68亿 | 1.68亿 | +0.2% | 1.67亿 | 1.7亿 | -2.0% |
| Common Stock, Shares, Outstanding | 1.68亿 | 1.68亿 | +0.2% | 1.67亿 | 1.7亿 | -2.0% |
| Common Stock, Value, Outstanding | $33.6万 | $33.6万 | 0.0% | $33.4万 | $34.1万 | -2.1% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $7100万 | $6140万 | +15.7% | $1.34亿 | $7870万 | +69.9% |
| Contract with Customer, Liability, Current | $4900万 | $5310万 | -7.7% | $2110万 | $2500万 | -15.7% |
| Cost of Goods and Services Sold | $8550万 | $8120万 | +5.3% | $3.29亿 | $2.89亿 | +13.9% |
| Cost, Depreciation and Amortization | $304万 | $314万 | -3.4% | $1240万 | $1250万 | -0.9% |
| Current Federal Tax Expense (Benefit) | – | – | – | $458万 | $2800万 | -83.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1960万 | $1280万 | +53.6% |
| Current Income Tax Expense (Benefit) | – | – | – | $2870万 | $4530万 | -36.8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $444万 | $452万 | -1.9% |
| Debt Securities, Available-for-sale | $4.52亿 | $3.73亿 | +21.2% | $3.79亿 | $4.01亿 | -5.4% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $83.2万 | $239万 | -65.2% | $332万 | $41.3万 | +702.9% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $229万 | $146万 | +57.1% | $52.9万 | $532万 | -90.1% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss | $0 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Current | $02025-12-31 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Noncurrent | $02025-12-31 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Amortized Cost | $3.77亿2025-12-31 | $4.06亿 | -7.2% | $3.77亿 | $4.06亿 | -7.2% |
| Debt Securities, Available-for-sale, Amortized Cost, Current | $7410万2025-12-31 | $6070万 | +21.9% | $7410万 | $6070万 | +21.9% |
| Debt Securities, Available-for-sale, Amortized Cost, Noncurrent | $3.03亿2025-12-31 | $3.45亿 | -12.3% | $3.03亿 | $3.45亿 | -12.3% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $848万 | $5800万 | -85.4% | $2660万 | $9360万 | -71.6% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $27.4万 | $116万 | -76.3% | $45.6万 | $212万 | -78.5% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $2.53亿 | $6380万 | +297.0% | $3060万 | $2.25亿 | -86.4% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $202万 | $30.5万 | +562.0% | $7.3万 | $320万 | -97.7% |
| Debt Securities, Available-for-sale, Current | $1.02亿 | $4890万 | +108.3% | $7400万 | $6000万 | +23.5% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $1.02亿 | $4890万 | +108.3% | $7400万 | $6000万 | +23.5% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-07-05, 10-Q 2026-04-05, 10-K 2025-12-31, 10-Q 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-K 2024-12-31, 10-Q 2024-09-29, 10-Q 2024-06-30
数据截至 2026-11-02