Cognex Corporation (CGNX) Balance Sheet
CGNX balance sheet, 2025
December 31, 2025 · U.S. dollars$2.02B assets = $524.7M liabilities + $1.49B equity
Both columns are drawn to the same scale: what CGNX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CGNX financial health
Current ratio3.80
Comfortable · current assets cover current liabilities 3.80×
Debt / equity0.05
Low leverage · $0.05 of debt for each $1 of equity
Equity / assets74.0%
Equity-funded · of assets funded by shareholders
Cash / debt440.0%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles23.2%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
CGNX balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.04B2016 | $2.02B2025 | +7.7%/yr | |
| Total liabilities | $76.0M2016 | $524.7M2025 | +23.9%/yr | |
| Shareholders’ equity | $962.6M2016 | $1.49B2025 | +5.0%/yr | |
| Cash & short-term investments | $745.2M2016 | $337.0M2025 | −8.4%/yr | |
| Total debt | $32.0M2016 | $76.6M2025 | +10.2%/yr | |
| Net cash (debt) | $713.2M2016 | $260.4M2025 | −$452.8M | |
| Working capital | $758.7M2016 | $513.7M2025 | −$245.0M | |
| Book value per share | $5.532016 | $8.812025 | +5.3%/yr | |
| Current ratio | 11.672016 | 3.802025 | −7.87 | |
| Debt / equity | 0.032016 | 0.052025 | +0.02 | |
| Shares outstanding | 174.1M2016 | 169.4M2025 | −0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CGNX assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
CGNX liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
CGNX debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CGNX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $337.0M | $246.1M | $332.0M | $400.1M | $323.6M | $372.3M | $411.9M | $535.6M | $404.5M | $745.2M |
| Cash & equivalents | $262.9M | $186.1M | $202.7M | $181.4M | $186.2M | $269.1M | $171.4M | $108.2M | $106.6M | $745.2M |
| Short-term investments | $74.0M | $60.0M | $129.4M | $218.8M | $137.5M | $103.2M | $240.5M | $427.3M | $298.0M | $341.2M |
| Receivables | $163.7M | $146.4M | $116.6M | $127.6M | $134.3M | $131.3M | $108.2M | $127.5M | $126.8M | $57.7M |
| Inventory | $137.9M | $157.5M | $162.3M | $122.5M | $113.1M | $60.8M | $60.3M | $83.3M | $67.9M | $27.0M |
| Other current assets | $58.7M | $63.4M | $68.1M | $67.5M | $68.7M | $37.2M | $26.8M | $34.0M | $30.7M | $0 |
| Total current assets | $697.2M | $613.4M | $679.0M | $717.7M | $639.8M | $601.7M | $607.2M | $780.3M | $630.0M | $829.8M |
| Property, plant & equipment (net) | $158.3M | $165.8M | $181.0M | $117.4M | $100.7M | $101.8M | $107.0M | $91.4M | $78.0M | $54.0M |
| Goodwill & intangible assets | $467.4M | $475.6M | $506.1M | $255.0M | $253.6M | $259.6M | $282.9M | $123.3M | $126.4M | $103.6M |
| Long-term investments | $305.3M | $340.9M | $244.2M | $454.1M | $583.7M | $395.1M | $433.5M | $262.0M | $423.4M | $324.3M |
| Other non-current assets | $388.3M | $397.2M | $407.5M | $413.9M | $425.8M | $442.5M | $455.4M | $32.6M | $30.0M | $0 |
| Total assets | $2.02B | $1.99B | $2.02B | $1.96B | $2.00B | $1.80B | $1.89B | $1.29B | $1.29B | $1.04B |
| Liabilities | ||||||||||
| Accounts payable | $50.2M | $38.0M | $21.5M | $27.1M | $44.1M | $16.3M | $17.9M | $16.2M | $23.5M | $52.4M |
| Short-term debt | $11.7M | $8.9M | $9.6M | $8.5M | $7.8M | $8.1M | $5.6M | $5.1M | $16.7M | $32.0M |
| Deferred revenue | $21.1M | $25.0M | $31.5M | $40.8M | $35.7M | $21.3M | $14.4M | $9.8M | $9.4M | $8.2M |
| Total current liabilities | $183.6M | $169.4M | $151.9M | $187.7M | $188.6M | $132.3M | $120.5M | $91.4M | $112.6M | $71.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $76.6M | $70.2M | $78.6M | $39.8M | $25.6M | $26.2M | $18.0M | — | — | — |
| Other long-term liabilities | $341.1M | $306.0M | $361.2M | $332.0M | $385.0M | $406.2M | $409.7M | $63.0M | $79.4M | $4.9M |
| Total liabilities | $524.7M | $475.3M | $513.1M | $519.7M | $573.6M | $538.5M | $530.2M | $154.4M | $192.5M | $76.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $334,000 | $341,000 | $343,000 | $345,000 | $351,000 | $352,000 | $345,000 | $342,000 | $347,000 | $172,000 |
| Retained earnings (deficit) | $406.4M | $499.3M | $512.5M | $528.2M | $562.9M | $487.9M | $753.3M | $646.2M | $668.3M | $643.8M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$53.5M | −$72.8M | −$45.3M | −$69.3M | −$47.9M | −$33.8M | −$37.3M | −$40.5M | −$34.6M | −$56.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.49B | $1.52B | $1.50B | $1.44B | $1.43B | $1.26B | $1.36B | $1.14B | $1.10B | $962.6M |
| Key figures | ||||||||||
| Total debt | $76.6M | $70.2M | $78.6M | $39.8M | $25.6M | $26.2M | $18.0M | $5.1M | $16.7M | $32.0M |
| Net cash (debt) | $260.4M | $175.8M | $253.4M | $360.4M | $298.0M | $346.1M | $393.9M | $530.5M | $387.9M | $713.2M |
| Working capital | $513.7M | $444.0M | $527.1M | $530.0M | $451.2M | $469.4M | $486.8M | $689.0M | $517.4M | $758.7M |
| Tangible book value | $1.02B | $1.04B | $998.6M | $1.18B | $1.18B | $1.00B | $1.07B | $1.01B | $969.0M | $859.0M |
| Book value per share | $8.81 | $8.79 | $8.68 | $8.23 | $7.95 | $7.15 | $7.74 | $6.40 | $6.10 | $5.53 |
| Shares outstanding | 169.4M | 172.6M | 173.4M | 174.9M | 179.9M | 176.6M | 175.3M | 177.4M | 179.6M | 174.1M |
| Current ratio | 3.80 | 3.62 | 4.47 | 3.82 | 3.39 | 4.55 | 5.04 | 8.54 | 5.59 | 11.67 |
| Quick ratio | 2.73 | 2.32 | 2.95 | 2.81 | 2.43 | 3.81 | 4.32 | 7.26 | 4.72 | 11.29 |
| Debt / equity | 0.05 | 0.05 | 0.05 | 0.03 | 0.02 | 0.02 | 0.01 | 0.00 | 0.02 | 0.03 |
| Equity / assets | 74.0% | 76.1% | 74.6% | 73.5% | 71.4% | 70.1% | 71.9% | 88.0% | 85.1% | 92.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $404.4M | $296.8M | $337.0M | $300.3M | $228.2M | $200.4M | $246.1M | $287.9M | $289.1M | $278.2M | $332.0M | $512.6M |
| Cash & equivalents | $302.5M | $237.3M | $262.9M | $245.9M | $179.3M | $143.7M | $186.1M | $197.1M | $176.6M | $138.9M | $202.7M | $395.5M |
| Short-term investments | $101.8M | $59.4M | $74.0M | $54.4M | $48.9M | $56.7M | $60.0M | $90.8M | $112.4M | $139.3M | $129.4M | $117.1M |
| Receivables | $228.9M | $190.9M | $163.7M | $171.5M | $186.1M | $163.9M | $146.4M | $160.1M | $161.2M | $141.3M | $116.6M | $132.1M |
| Inventory | $142.8M | $135.5M | $137.9M | $143.7M | $144.6M | $152.1M | $157.5M | $155.3M | $157.3M | $170.9M | $162.3M | $133.9M |
| Other current assets | $73.8M | $49.9M | $58.7M | $55.5M | $66.8M | $61.2M | $63.4M | $68.8M | $73.5M | $71.2M | $68.1M | $68.3M |
| Total current assets | $849.9M | $673.1M | $697.2M | $670.9M | $625.7M | $577.7M | $613.4M | $672.1M | $681.0M | $661.5M | $679.0M | $847.0M |
| Property, plant & equipment (net) | $81.5M | $154.0M | $158.3M | $164.1M | $171.4M | $166.2M | $165.8M | $175.6M | $174.3M | $178.2M | $181.0M | $149.7M |
| Goodwill & intangible assets | $445.8M | $450.0M | $467.4M | $478.8M | $489.5M | $481.1M | $475.6M | $494.2M | $479.6M | $491.2M | $506.1M | $251.0M |
| Long-term investments | $350.6M | $325.2M | $305.3M | $300.1M | $324.3M | $312.3M | $340.9M | $319.3M | $266.2M | $278.4M | $244.2M | $333.0M |
| Other non-current assets | $450.8M | $403.3M | $388.3M | $388.9M | $392.5M | $395.3M | $397.2M | $402.0M | $403.0M | $403.8M | $407.5M | $409.2M |
| Total assets | $2.18B | $2.01B | $2.02B | $2.00B | $2.00B | $1.93B | $1.99B | $2.06B | $2.00B | $2.01B | $2.02B | $1.99B |
| Liabilities | ||||||||||||
| Accounts payable | $65.1M | $59.6M | $50.2M | $45.5M | $42.3M | $43.3M | $38.0M | $30.0M | $22.6M | $27.5M | $21.5M | $23.1M |
| Short-term debt | $12.3M | $12.3M | $11.7M | $10.6M | $11.3M | $10.3M | $8.9M | $9.8M | $9.4M | $9.8M | $9.6M | $8.0M |
| Deferred revenue | $49.0M | $34.1M | $21.1M | $23.8M | $53.1M | $39.9M | $25.0M | $30.0M | $40.5M | $40.0M | $31.5M | $40.2M |
| Total current liabilities | $216.0M | $189.5M | $183.6M | $169.3M | $190.4M | $184.0M | $169.4M | $170.7M | $168.8M | $188.1M | $151.9M | $169.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $72.5M | $74.0M | $76.6M | $78.9M | $83.2M | $73.7M | $70.2M | $77.2M | $74.2M | $77.2M | $78.6M | $68.4M |
| Other long-term liabilities | $333.1M | $337.2M | $341.1M | $343.8M | $307.0M | $302.9M | $306.0M | $325.5M | $328.6M | $335.9M | $361.2M | $331.6M |
| Total liabilities | $549.1M | $526.6M | $524.7M | $513.1M | $497.5M | $486.9M | $475.3M | $496.2M | $497.4M | $524.0M | $513.1M | $501.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $336,000 | $333,000 | $334,000 | $335,000 | $336,000 | $336,000 | $341,000 | $343,000 | $343,000 | $343,000 | $343,000 | $344,000 |
| Retained earnings (deficit) | $397.1M | $344.4M | $406.4M | $412.3M | $433.0M | $405.9M | $499.3M | $527.9M | $515.1M | $502.3M | $512.5M | $534.3M |
| Accumulated other comprehensive income | −$62.5M | −$60.7M | −$53.5M | −$46.2M | −$37.8M | −$58.6M | −$72.8M | −$37.6M | −$70.4M | −$61.1M | −$45.3M | −$70.0M |
| Total shareholders' equity | $1.63B | $1.48B | $1.49B | $1.49B | $1.51B | $1.45B | $1.52B | $1.57B | $1.51B | $1.49B | $1.50B | $1.49B |
| Key figures | ||||||||||||
| Total debt | $72.5M | $74.0M | $76.6M | $78.9M | $83.2M | $73.7M | $70.2M | $77.2M | $74.2M | $77.2M | $78.6M | $68.4M |
| Net cash (debt) | $331.9M | $222.7M | $260.4M | $221.3M | $145.0M | $126.7M | $175.8M | $210.7M | $214.9M | $201.0M | $253.4M | $444.2M |
| Working capital | $633.8M | $483.6M | $513.7M | $501.6M | $435.3M | $393.7M | $444.0M | $501.3M | $512.2M | $473.4M | $527.1M | $677.3M |
| Tangible book value | $1.18B | $1.03B | $1.02B | $1.01B | $1.02B | $964.6M | $1.04B | $1.07B | $1.03B | $998.0M | $998.6M | $1.24B |
| Book value per share | $9.59 | $8.78 | $8.83 | $8.80 | $8.93 | $8.48 | $8.80 | $9.07 | $8.72 | $8.63 | $8.72 | $8.59 |
| Shares outstanding | 170.0M | 168.4M | 168.9M | 169.3M | 168.6M | 170.4M | 172.5M | 172.8M | 172.7M | 172.6M | 172.6M | 173.4M |
| Current ratio | 3.93 | 3.55 | 3.80 | 3.96 | 3.29 | 3.14 | 3.62 | 3.94 | 4.03 | 3.52 | 4.47 | 4.99 |
| Quick ratio | 2.93 | 2.57 | 2.73 | 2.79 | 2.18 | 1.98 | 2.32 | 2.62 | 2.67 | 2.23 | 2.95 | 3.80 |
| Debt / equity | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Equity / assets | 74.8% | 73.7% | 74.0% | 74.4% | 75.2% | 74.8% | 76.1% | 75.9% | 75.2% | 74.0% | 74.6% | 74.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.
CGNX financial position
At the end of fiscal 2025 (December 31, 2025), Cognex had total assets of $2.0 billion (up 1.2% from a year earlier), total liabilities of $524.7 million and shareholders' equity of $1.5 billion. It held $337.0 million in cash and short-term investments against $76.6 million of debt, a net cash position of $260.4 million. Its current ratio was 3.80. In the latest quarter (ended June 30, 2026) total assets were $2.2 billion and equity $1.6 billion.
Related: CGNX income statement, CGNX cash flow statement, CGNX key metrics. See the CGNX stock overview for the latest quote and news.
CGNX balance sheet FAQ
What are Cognex's total assets?
Cognex reported total assets of $2.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.0 billion a year earlier.
How much debt does Cognex have?
Cognex had $76.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.05.
How much cash does Cognex have?
Cognex held $337.0 million in cash and short-term investments at the end of fiscal 2025; with $76.6 million of debt that is net cash of $260.4 million.
What is Cognex's book value?
Cognex's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2025, or $8.81 per share.
What is Cognex's current ratio?
Cognex had current assets of $697.2 million and current liabilities of $183.6 million, a current ratio of 3.80 (it can cover its short-term obligations).
How much goodwill does Cognex have?
Cognex carried $467.4 million of goodwill and intangible assets, 23.2% of total assets, at the end of fiscal 2025.