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康耐视（CGNX）与Fortive（FTV）财务数据对比。点击上方公司名可切换其他公司
康耐视的季度营收约是Fortive的1.8倍（$252.3M vs $139.0M）。Fortive净利率更高（133.6% vs 12.9%，领先120.7%）。康耐视同比增速更快（9.9% vs -91.4%）。Fortive自由现金流更多（$335.5M vs $72.3M）。过去两年康耐视的营收复合增速更高（9.4% vs -69.8%）
康耐视（Cognex Corporation）是总部位于美国马萨诸塞州内蒂克的机器视觉系统、软件及传感器制造商，业务覆盖全球20余个国家和地区，为各工业领域客户提供高性能的视觉相关产品及解决方案。
Fortive是总部位于美国华盛顿州埃弗里特的工业科技集团，专注于提供互联工作流解决方案所需的核心技术，研发、生产及销售专业工程类产品、软件与服务，旗下业务分为智能运营解决方案、精密技术、先进医疗解决方案三大战略板块。
CGNX vs FTV — 直观对比
营收规模更大
CGNX
是对方的1.8倍
$139.0M
营收增速更快
CGNX
高出101.3%
-91.4%
净利率更高
FTV
高出120.7%
12.9%
自由现金流更多
FTV
多$263.2M
$72.3M
两年增速更快
CGNX
近两年复合增速
-69.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $252.3M | $139.0M |
| 净利润 | $32.7M | $185.7M |
| 毛利率 | 65.7% | — |
| 营业利润率 | 14.0% | 75.4% |
| 净利率 | 12.9% | 133.6% |
| 营收同比 | 9.9% | -91.4% |
| 净利润同比 | 15.2% | -11.1% |
| 每股收益（稀释后） | $0.20 | $0.58 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CGNXFTV
| Q4 25 | $252.3M | $139.0M | ||
| Q3 25 | $276.9M | $1.0B | ||
| Q2 25 | $249.1M | $1.5B | ||
| Q1 25 | $216.0M | $1.5B | ||
| Q4 24 | $229.7M | $1.6B | ||
| Q3 24 | $234.7M | $1.5B | ||
| Q2 24 | $239.3M | $1.6B | ||
| Q1 24 | $210.8M | $1.5B |
净利润CGNXFTV
| Q4 25 | $32.7M | $185.7M | ||
| Q3 25 | $17.7M | $55.0M | ||
| Q2 25 | $40.5M | $166.6M | ||
| Q1 25 | $23.6M | $171.9M | ||
| Q4 24 | $28.3M | $208.8M | ||
| Q3 24 | $29.6M | $221.6M | ||
| Q2 24 | $36.2M | $195.1M | ||
| Q1 24 | $12.0M | $207.4M |
毛利率CGNXFTV
| Q4 25 | 65.7% | — | ||
| Q3 25 | 67.6% | 63.2% | ||
| Q2 25 | 67.4% | 59.0% | ||
| Q1 25 | 66.8% | 59.8% | ||
| Q4 24 | 68.7% | 60.3% | ||
| Q3 24 | 67.9% | 60.0% | ||
| Q2 24 | 69.6% | 59.8% | ||
| Q1 24 | 67.3% | 59.3% |
营业利润率CGNXFTV
| Q4 25 | 14.0% | 75.4% | ||
| Q3 25 | 20.9% | 15.5% | ||
| Q2 25 | 17.4% | 14.6% | ||
| Q1 25 | 12.1% | 15.8% | ||
| Q4 24 | 13.4% | 19.0% | ||
| Q3 24 | 13.4% | 19.3% | ||
| Q2 24 | 16.1% | 19.4% | ||
| Q1 24 | 6.7% | 19.8% |
净利率CGNXFTV
| Q4 25 | 12.9% | 133.6% | ||
| Q3 25 | 6.4% | 5.4% | ||
| Q2 25 | 16.3% | 11.0% | ||
| Q1 25 | 10.9% | 11.7% | ||
| Q4 24 | 12.3% | 12.9% | ||
| Q3 24 | 12.6% | 14.4% | ||
| Q2 24 | 15.1% | 12.6% | ||
| Q1 24 | 5.7% | 13.6% |
每股收益（稀释后）CGNXFTV
| Q4 25 | $0.20 | $0.58 | ||
| Q3 25 | $0.10 | $0.16 | ||
| Q2 25 | $0.24 | $0.49 | ||
| Q1 25 | $0.14 | $0.50 | ||
| Q4 24 | $0.17 | $0.60 | ||
| Q3 24 | $0.17 | $0.63 | ||
| Q2 24 | $0.21 | $0.55 | ||
| Q1 24 | $0.07 | $0.58 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $262.9M | $375.5M |
| 总债务越低越好 | — | $3.2B |
| 股东权益账面价值 | $1.5B | $6.5B |
| 总资产 | $2.0B | $11.7B |
| 负债/权益比越低杠杆越低 | — | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资CGNXFTV
| Q4 25 | $262.9M | $375.5M | ||
| Q3 25 | $245.9M | $430.8M | ||
| Q2 25 | $179.3M | $1.8B | ||
| Q1 25 | $143.7M | $892.1M | ||
| Q4 24 | $186.1M | $813.3M | ||
| Q3 24 | $197.1M | $811.3M | ||
| Q2 24 | $176.6M | $644.1M | ||
| Q1 24 | $138.9M | $704.6M |
总债务CGNXFTV
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.9B |
股东权益CGNXFTV
| Q4 25 | $1.5B | $6.5B | ||
| Q3 25 | $1.5B | $6.5B | ||
| Q2 25 | $1.5B | $10.4B | ||
| Q1 25 | $1.4B | $10.2B | ||
| Q4 24 | $1.5B | $10.2B | ||
| Q3 24 | $1.6B | $10.6B | ||
| Q2 24 | $1.5B | $10.5B | ||
| Q1 24 | $1.5B | $10.5B |
总资产CGNXFTV
| Q4 25 | $2.0B | $11.7B | ||
| Q3 25 | $2.0B | $11.9B | ||
| Q2 25 | $2.0B | $18.2B | ||
| Q1 25 | $1.9B | $17.1B | ||
| Q4 24 | $2.0B | $17.0B | ||
| Q3 24 | $2.1B | $17.5B | ||
| Q2 24 | $2.0B | $17.3B | ||
| Q1 24 | $2.0B | $17.5B |
负债/权益比CGNXFTV
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.38× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $74.9M | $365.9M |
| 自由现金流经营现金流 - 资本支出 | $72.3M | $335.5M |
| 自由现金流率自由现金流/营收 | 28.7% | 241.4% |
| 资本支出强度资本支出/营收 | 1.0% | 21.9% |
| 现金转化率经营现金流/净利润 | 2.29× | 1.97× |
| 过去12个月自由现金流最近4个季度 | $236.8M | $978.1M |
8季度趋势，按日历期对齐
经营现金流CGNXFTV
| Q4 25 | $74.9M | $365.9M | ||
| Q3 25 | $87.5M | $164.4M | ||
| Q2 25 | $42.6M | $311.2M | ||
| Q1 25 | $40.5M | $241.7M | ||
| Q4 24 | $51.4M | $502.2M | ||
| Q3 24 | $56.3M | $459.0M | ||
| Q2 24 | $27.8M | $308.9M | ||
| Q1 24 | $13.6M | $256.7M |
自由现金流CGNXFTV
| Q4 25 | $72.3M | $335.5M | ||
| Q3 25 | $86.0M | $153.1M | ||
| Q2 25 | $40.4M | $274.5M | ||
| Q1 25 | $38.0M | $215.0M | ||
| Q4 24 | $49.3M | $465.2M | ||
| Q3 24 | $51.9M | $431.2M | ||
| Q2 24 | $23.3M | $279.7M | ||
| Q1 24 | $9.6M | $230.3M |
自由现金流率CGNXFTV
| Q4 25 | 28.7% | 241.4% | ||
| Q3 25 | 31.1% | 14.9% | ||
| Q2 25 | 16.2% | 18.1% | ||
| Q1 25 | 17.6% | 14.6% | ||
| Q4 24 | 21.5% | 28.7% | ||
| Q3 24 | 22.1% | 28.1% | ||
| Q2 24 | 9.7% | 18.0% | ||
| Q1 24 | 4.5% | 15.1% |
资本支出强度CGNXFTV
| Q4 25 | 1.0% | 21.9% | ||
| Q3 25 | 0.5% | 1.1% | ||
| Q2 25 | 0.9% | 2.4% | ||
| Q1 25 | 1.2% | 1.8% | ||
| Q4 24 | 0.9% | 2.3% | ||
| Q3 24 | 1.9% | 1.8% | ||
| Q2 24 | 1.9% | 1.9% | ||
| Q1 24 | 1.9% | 1.7% |
现金转化率CGNXFTV
| Q4 25 | 2.29× | 1.97× | ||
| Q3 25 | 4.95× | 2.99× | ||
| Q2 25 | 1.05× | 1.87× | ||
| Q1 25 | 1.72× | 1.41× | ||
| Q4 24 | 1.81× | 2.41× | ||
| Q3 24 | 1.90× | 2.07× | ||
| Q2 24 | 0.77× | 1.58× | ||
| Q1 24 | 1.13× | 1.24× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CGNX
暂无分部数据
FTV
| Services | $137.9M | 99% |
| Products | $1.1M | 1% |
