← BackCOGNEX CORP · Industrial Instruments For Measurement, Display, and ControlCGNX
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The short versionA high-quality, profitable business with growing sales. Institutions are adding.
Going well
- Sales up 17% in the latest quarter vs a year ago
- Profitable every year for 10 years
- Brings in more cash than it spends
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 12% to their holdings in the quarter ending June 2026 (389 bought, 230 sold)
- Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$55.67+0.2% that day
- Company value
- $9.4B
- Share price times all shares
- Price vs profit (P/E)
- 53.5x
- You pay about $54 for each $1 of yearly profit
- Price vs sales
- 8.6x
- Company value is 8.6 times a year of sales
- Dividend yield
- 0.6%
- Yearly dividend as a share of today's price
- Cash vs value
- 3%
- Cash as a share of company value
From CGNX's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jul '26$291.3M+17% vs a year earlier
Oct '23Tap a barJul '26
Last 12 months: $1.1B, up 17% from the 12 months before. Over 5 years, sales grew about 4.2% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.7.6%
- PassDebt under half of equityNot relying on borrowed money.No debt reported
- PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.11.5%
- PassProfitable every yearSteady profits, not one good year.10 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$236.8M
- PassShare count not growingNot diluting owners. Falling means buybacks.-3.1% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.66.9%
- Revenue
- $994.4M
- +8.7% vs prior year
- 5-year growth
- +4.2%/yr
- revenue, per year
- Total debt
- None
- 0.00x equity
- Current ratio
- 3.80x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jul 5, 2026- Revenue
- $291.3M
- +16.9% YoY
- EPS
- $0.43
- vs $0.24
- Op. margin
- 29.4%
- +12.0 pts
- Gross margin
- 70.6%
- +3.2 pts
- Free cash flow
- $67.6M
- Share count
- +0.8%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 0.5
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+11.9%Institutions added 11.9% to their holdings. 389 bought, 230 sold.
Shares held by institutions175.6M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-0.8%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
No debt reportedShares outstandingLatest reported
168MNext reportIn 0 days (est.)Estimated from the same quarter last year
- Results filedAug 5
- Results filedMay 6
- Results filedFeb 11
- Results filedOct 29, 2025
- Results filedJul 30, 2025
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
SoldMatthew MoschnerCEO & President, Director
24,962 shares at $64.01 avg ($63.61 to $65.36) · $1.6M
- -70% of holdings
- Now owns 10,884 shares
- Not a pre-planned sale
- 5 transactions
- Filed 1 day after trade
- Also: Option exercise
Option exerciseMatthew MoschnerCEO & President, Director
4,999 shares
- +30% of holdings
- Now owns 21,464 shares
- Filed 4 days after trade
- Also: Shares withheld for taxes
Option exerciseDarren Marc LongVice President
2,500 shares
- +63% of holdings
- Now owns 6,490 shares
- Filed 4 days after trade
- Also: Shares withheld for taxes
SoldDarren Marc LongVice President
20,252 shares at $66.34 avg ($66.32 to $66.52) · $1.3M
- -84% of holdings
- Now owns 3,990 shares
- Not a pre-planned sale
- 4 transactions
- Filed 1 day after trade
- Also: Option exercise, Stock award
SoldLaura Ann MacdonaldVP and PAO
139,722 shares at $66.43 avg ($65.56 to $66.80) · $9.3M
- -96% of holdings
- Now owns 5,258 shares
- Not a pre-planned sale
- 10 transactions
- Filed same day
- Also: Option exercise