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Forensic Analysis · Industrial & Scientific Instruments · as of Nov 9, 2026

Cognex Corp (CGNX)

A forensic read on Cognex Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable
Forensic grade
Safe
Financial health
5.9
Distress distance
Clean
Earnings quality
1
Forensic signals
7.6%
ROE
8.7%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Cognex Corp earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 5.9, placing it in the Safe zone. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

6.6%
FY2025
Return on invested capital. Return on invested capital is 6.6% in the latest fiscal year and steady across FY2023–FY2025, inside a 1.0-point range. After-tax operating profit was $109M in FY2023 and $106M in FY2025, with operating income at 15.6% of revenue in FY2023, 12.6% in FY2024 and 16.3% in FY2025. The capital base behind it went from $1.7B in FY2023 to $1.6B in FY2025 (-4%), while the revenue it carried went from $838M to $994M.

Key fundamentals

Latest Revenue$994.4M
Revenue Growth YoY+8.7%
Revenue CAGR (2yr)+9.0%
Net Margin11.5%
Free Cash Flow$236.8M
Return on Equity7.6%

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

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