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康耐视（CGNX）与赫克（HURC）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赫克的5.5倍（$252.3M vs $45.5M）。康耐视净利率更高（12.9% vs -6.7%，领先19.6%）。康耐视同比增速更快（9.9% vs -15.3%）。康耐视自由现金流更多（$72.3M vs $3.6M）。过去两年康耐视的营收复合增速更高（9.4% vs 0.5%）
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。
赫克公司是全球工业技术企业，主营数控（CNC）机床及配套控制软件的设计、生产与销售，产品涵盖各类加工中心、车削中心等，服务航空航天、汽车、能源、通用金属加工等领域客户，业务覆盖欧美及亚太市场。
CGNX vs HURC — 直观对比
营收规模更大
CGNX
是对方的5.5倍
$45.5M
营收增速更快
CGNX
高出25.2%
-15.3%
净利率更高
CGNX
高出19.6%
-6.7%
自由现金流更多
CGNX
多$68.7M
$3.6M
两年增速更快
CGNX
近两年复合增速
0.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $252.3M | $45.5M |
| 净利润 | $32.7M | $-3.0M |
| 毛利率 | 65.7% | 17.0% |
| 营业利润率 | 14.0% | -7.6% |
| 净利率 | 12.9% | -6.7% |
| 营收同比 | 9.9% | -15.3% |
| 净利润同比 | 15.2% | -110.9% |
| 每股收益（稀释后） | $0.20 | $-0.47 |
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CGNXHURC
| Q4 25 | $252.3M | $45.5M | ||
| Q3 25 | $276.9M | $45.8M | ||
| Q2 25 | $249.1M | $40.9M | ||
| Q1 25 | $216.0M | $46.4M | ||
| Q4 24 | $229.7M | $53.7M | ||
| Q3 24 | $234.7M | $42.7M | ||
| Q2 24 | $239.3M | $45.2M | ||
| Q1 24 | $210.8M | $45.1M |
净利润CGNXHURC
| Q4 25 | $32.7M | $-3.0M | ||
| Q3 25 | $17.7M | $-3.7M | ||
| Q2 25 | $40.5M | $-4.1M | ||
| Q1 25 | $23.6M | $-4.3M | ||
| Q4 24 | $28.3M | $-1.4M | ||
| Q3 24 | $29.6M | $-9.6M | ||
| Q2 24 | $36.2M | $-3.9M | ||
| Q1 24 | $12.0M | $-1.6M |
毛利率CGNXHURC
| Q4 25 | 65.7% | 17.0% | ||
| Q3 25 | 67.6% | 19.9% | ||
| Q2 25 | 67.4% | 19.2% | ||
| Q1 25 | 66.8% | 17.9% | ||
| Q4 24 | 68.7% | 22.7% | ||
| Q3 24 | 67.9% | 18.4% | ||
| Q2 24 | 69.6% | 17.8% | ||
| Q1 24 | 67.3% | 21.5% |
营业利润率CGNXHURC
| Q4 25 | 14.0% | -7.6% | ||
| Q3 25 | 20.9% | -3.6% | ||
| Q2 25 | 17.4% | -7.5% | ||
| Q1 25 | 12.1% | -4.5% | ||
| Q4 24 | 13.4% | -0.9% | ||
| Q3 24 | 13.4% | -5.9% | ||
| Q2 24 | 16.1% | -7.6% | ||
| Q1 24 | 6.7% | -4.0% |
净利率CGNXHURC
| Q4 25 | 12.9% | -6.7% | ||
| Q3 25 | 6.4% | -8.1% | ||
| Q2 25 | 16.3% | -9.9% | ||
| Q1 25 | 10.9% | -9.3% | ||
| Q4 24 | 12.3% | -2.7% | ||
| Q3 24 | 12.6% | -22.5% | ||
| Q2 24 | 15.1% | -8.7% | ||
| Q1 24 | 5.7% | -3.7% |
每股收益（稀释后）CGNXHURC
| Q4 25 | $0.20 | $-0.47 | ||
| Q3 25 | $0.10 | $-0.58 | ||
| Q2 25 | $0.24 | $-0.62 | ||
| Q1 25 | $0.14 | $-0.67 | ||
| Q4 24 | $0.17 | $-0.23 | ||
| Q3 24 | $0.17 | $-1.47 | ||
| Q2 24 | $0.21 | $-0.61 | ||
| Q1 24 | $0.07 | $-0.25 |
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 | $48.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $198.8M |
| 总资产 | $2.0B | $264.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CGNXHURC
| Q4 25 | $262.9M | $48.7M | ||
| Q3 25 | $245.9M | $44.5M | ||
| Q2 25 | $179.3M | $43.8M | ||
| Q1 25 | $143.7M | $41.8M | ||
| Q4 24 | $186.1M | $33.3M | ||
| Q3 24 | $197.1M | $36.1M | ||
| Q2 24 | $176.6M | $37.5M | ||
| Q1 24 | $138.9M | $37.9M |
股东权益CGNXHURC
| Q4 25 | $1.5B | $198.8M | ||
| Q3 25 | $1.5B | $203.7M | ||
| Q2 25 | $1.5B | $202.3M | ||
| Q1 25 | $1.4B | $198.1M | ||
| Q4 24 | $1.5B | $207.2M | ||
| Q3 24 | $1.6B | $206.6M | ||
| Q2 24 | $1.5B | $215.6M | ||
| Q1 24 | $1.5B | $224.6M |
总资产CGNXHURC
| Q4 25 | $2.0B | $264.3M | ||
| Q3 25 | $2.0B | $269.1M | ||
| Q2 25 | $2.0B | $262.5M | ||
| Q1 25 | $1.9B | $255.8M | ||
| Q4 24 | $2.0B | $268.6M | ||
| Q3 24 | $2.1B | $272.4M | ||
| Q2 24 | $2.0B | $280.8M | ||
| Q1 24 | $2.0B | $290.1M |
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 | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $72.3M | $3.6M |
| 自由现金流率自由现金流/营收 | 28.7% | 8.0% |
| 资本支出强度资本支出/营收 | 1.0% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.29× | — |
| 过去12个月自由现金流最近4个季度 | $236.8M | $16.7M |
8季度趋势，按日历期对齐
经营现金流CGNXHURC
| Q4 25 | $74.9M | $3.7M | ||
| Q3 25 | $87.5M | $2.5M | ||
| Q2 25 | $42.6M | $997.0K | ||
| Q1 25 | $40.5M | $10.3M | ||
| Q4 24 | $51.4M | $-1.2M | ||
| Q3 24 | $56.3M | $-622.0K | ||
| Q2 24 | $27.8M | $1.9M | ||
| Q1 24 | $13.6M | $-2.6M |
自由现金流CGNXHURC
| Q4 25 | $72.3M | $3.6M | ||
| Q3 25 | $86.0M | $2.1M | ||
| Q2 25 | $40.4M | $689.0K | ||
| Q1 25 | $38.0M | $10.2M | ||
| Q4 24 | $49.3M | $-1.7M | ||
| Q3 24 | $51.9M | $-841.0K | ||
| Q2 24 | $23.3M | $1.7M | ||
| Q1 24 | $9.6M | $-3.0M |
自由现金流率CGNXHURC
| Q4 25 | 28.7% | 8.0% | ||
| Q3 25 | 31.1% | 4.5% | ||
| Q2 25 | 16.2% | 1.7% | ||
| Q1 25 | 17.6% | 22.1% | ||
| Q4 24 | 21.5% | -3.1% | ||
| Q3 24 | 22.1% | -2.0% | ||
| Q2 24 | 9.7% | 3.9% | ||
| Q1 24 | 4.5% | -6.7% |
资本支出强度CGNXHURC
| Q4 25 | 1.0% | 0.1% | ||
| Q3 25 | 0.5% | 1.0% | ||
| Q2 25 | 0.9% | 0.8% | ||
| Q1 25 | 1.2% | 0.2% | ||
| Q4 24 | 0.9% | 0.8% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 1.9% | 0.3% | ||
| Q1 24 | 1.9% | 1.0% |
现金转化率CGNXHURC
| Q4 25 | 2.29× | — | ||
| Q3 25 | 4.95× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.72× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.90× | — | ||
| Q2 24 | 0.77× | — | ||
| Q1 24 | 1.13× | — |
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
HURC
| Computerized Machine Tools | $35.9M | 79% |
| Service Parts | $6.7M | 15% |
| Service Fees | $2.3M | 5% |
