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Side-by-side financial comparison of COGNEX CORP (CGNX) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
COGNEX CORP is the larger business by last-quarter revenue ($268.4M vs $242.1M, roughly 1.1× ONESPAWORLD HOLDINGS Ltd). COGNEX CORP runs the higher net margin — 19.3% vs 5.0%, a 14.3% gap on every dollar of revenue. On growth, COGNEX CORP posted the faster year-over-year revenue change (24.3% vs 11.5%). COGNEX CORP produced more free cash flow last quarter ($42.3M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs 5.9%).
Cognex Corporation is an American manufacturer of machine vision systems, software and sensors. Cognex is headquartered in Natick, Massachusetts, USA with offices in more than 20 countries.
CGNX vs OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $268.4M | $242.1M |
| Net Profit | $51.7M | $12.1M |
| Gross Margin | 71.1% | — |
| Operating Margin | 22.4% | 6.8% |
| Net Margin | 19.3% | 5.0% |
| Revenue YoY | 24.3% | 11.5% |
| Net Profit YoY | 119.1% | -16.2% |
| EPS (diluted) | $0.31 | $0.12 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $268.4M | — | ||
| Q4 25 | $252.3M | $242.1M | ||
| Q3 25 | $276.9M | $258.5M | ||
| Q2 25 | $249.1M | $240.7M | ||
| Q1 25 | $216.0M | $219.6M | ||
| Q4 24 | $229.7M | $217.2M | ||
| Q3 24 | $234.7M | $241.7M | ||
| Q2 24 | $239.3M | $224.9M |
| Q1 26 | $51.7M | — | ||
| Q4 25 | $32.7M | $12.1M | ||
| Q3 25 | $17.7M | $24.3M | ||
| Q2 25 | $40.5M | $19.9M | ||
| Q1 25 | $23.6M | $15.3M | ||
| Q4 24 | $28.3M | $14.4M | ||
| Q3 24 | $29.6M | $21.6M | ||
| Q2 24 | $36.2M | $15.8M |
| Q1 26 | 71.1% | — | ||
| Q4 25 | 65.7% | — | ||
| Q3 25 | 67.6% | — | ||
| Q2 25 | 67.4% | — | ||
| Q1 25 | 66.8% | — | ||
| Q4 24 | 68.7% | — | ||
| Q3 24 | 67.9% | — | ||
| Q2 24 | 69.6% | — |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 14.0% | 6.8% | ||
| Q3 25 | 20.9% | 10.2% | ||
| Q2 25 | 17.4% | 9.2% | ||
| Q1 25 | 12.1% | 7.7% | ||
| Q4 24 | 13.4% | 7.9% | ||
| Q3 24 | 13.4% | 10.3% | ||
| Q2 24 | 16.1% | 8.4% |
| Q1 26 | 19.3% | — | ||
| Q4 25 | 12.9% | 5.0% | ||
| Q3 25 | 6.4% | 9.4% | ||
| Q2 25 | 16.3% | 8.3% | ||
| Q1 25 | 10.9% | 7.0% | ||
| Q4 24 | 12.3% | 6.6% | ||
| Q3 24 | 12.6% | 8.9% | ||
| Q2 24 | 15.1% | 7.0% |
| Q1 26 | $0.31 | — | ||
| Q4 25 | $0.20 | $0.12 | ||
| Q3 25 | $0.10 | $0.23 | ||
| Q2 25 | $0.24 | $0.19 | ||
| Q1 25 | $0.14 | $0.15 | ||
| Q4 24 | $0.17 | $0.13 | ||
| Q3 24 | $0.17 | $0.20 | ||
| Q2 24 | $0.21 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $237.3M | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $1.5B | $542.6M |
| Total Assets | $2.0B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $237.3M | — | ||
| Q4 25 | $262.9M | $16.3M | ||
| Q3 25 | $245.9M | $29.6M | ||
| Q2 25 | $179.3M | $35.0M | ||
| Q1 25 | $143.7M | $22.6M | ||
| Q4 24 | $186.1M | $57.4M | ||
| Q3 24 | $197.1M | $48.8M | ||
| Q2 24 | $176.6M | $62.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.5B | $542.6M | ||
| Q3 25 | $1.5B | $552.8M | ||
| Q2 25 | $1.5B | $548.3M | ||
| Q1 25 | $1.4B | $530.6M | ||
| Q4 24 | $1.5B | $554.5M | ||
| Q3 24 | $1.6B | $540.1M | ||
| Q2 24 | $1.5B | $532.7M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $707.1M | ||
| Q3 25 | $2.0B | $732.6M | ||
| Q2 25 | $2.0B | $731.8M | ||
| Q1 25 | $1.9B | $708.7M | ||
| Q4 24 | $2.0B | $746.4M | ||
| Q3 24 | $2.1B | $734.0M | ||
| Q2 24 | $2.0B | $756.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $20.0M |
| Free Cash FlowOCF − Capex | $42.3M | $14.9M |
| FCF MarginFCF / Revenue | 15.8% | 6.2% |
| Capex IntensityCapex / Revenue | 1.0% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $241.1M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $74.9M | $20.0M | ||
| Q3 25 | $87.5M | $33.2M | ||
| Q2 25 | $42.6M | $20.3M | ||
| Q1 25 | $40.5M | $10.1M | ||
| Q4 24 | $51.4M | $16.6M | ||
| Q3 24 | $56.3M | $28.6M | ||
| Q2 24 | $27.8M | $18.7M |
| Q1 26 | $42.3M | — | ||
| Q4 25 | $72.3M | $14.9M | ||
| Q3 25 | $86.0M | $27.6M | ||
| Q2 25 | $40.4M | $17.6M | ||
| Q1 25 | $38.0M | $8.4M | ||
| Q4 24 | $49.3M | $13.2M | ||
| Q3 24 | $51.9M | $27.5M | ||
| Q2 24 | $23.3M | $17.6M |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 28.7% | 6.2% | ||
| Q3 25 | 31.1% | 10.7% | ||
| Q2 25 | 16.2% | 7.3% | ||
| Q1 25 | 17.6% | 3.8% | ||
| Q4 24 | 21.5% | 6.1% | ||
| Q3 24 | 22.1% | 11.4% | ||
| Q2 24 | 9.7% | 7.8% |
| Q1 26 | 1.0% | — | ||
| Q4 25 | 1.0% | 2.1% | ||
| Q3 25 | 0.5% | 2.2% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.2% | 0.8% | ||
| Q4 24 | 0.9% | 1.5% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 1.9% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.29× | 1.65× | ||
| Q3 25 | 4.95× | 1.36× | ||
| Q2 25 | 1.05× | 1.02× | ||
| Q1 25 | 1.72× | 0.66× | ||
| Q4 24 | 1.81× | 1.15× | ||
| Q3 24 | 1.90× | 1.33× | ||
| Q2 24 | 0.77× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CGNX
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
