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康耐视（CGNX）与3M（MMM）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是康耐视的23.9倍（$6.0B vs $252.3M）。康耐视净利率更高（12.9% vs 10.8%，领先2.1%）。康耐视同比增速更快（9.9% vs 1.3%）。3M自由现金流更多（$2.0B vs $72.3M）。过去两年康耐视的营收复合增速更高（9.4% vs -1.8%）
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。
3M是美国知名跨国综合企业，业务覆盖工业、劳动者安全防护、消费品等多个领域，总部位于圣保罗郊区的枫木市。公司现有超6万款产品，涵盖胶粘剂、研磨材料、防火防护产品、个人防护装备、窗膜、车漆保护膜、电子连接绝缘材料、汽车养护产品、光学膜等品类。
CGNX vs MMM — 直观对比
营收规模更大
MMM
是对方的23.9倍
$252.3M
营收增速更快
CGNX
高出8.6%
1.3%
净利率更高
CGNX
高出2.1%
10.8%
自由现金流更多
MMM
多$2.0B
$72.3M
两年增速更快
CGNX
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $252.3M | $6.0B |
| 净利润 | $32.7M | $653.0M |
| 毛利率 | 65.7% | 40.7% |
| 营业利润率 | 14.0% | 23.2% |
| 净利率 | 12.9% | 10.8% |
| 营收同比 | 9.9% | 1.3% |
| 净利润同比 | 15.2% | -41.5% |
| 每股收益（稀释后） | $0.20 | $1.23 |
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CGNXMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $252.3M | $6.1B | ||
| Q3 25 | $276.9M | $6.5B | ||
| Q2 25 | $249.1M | $6.3B | ||
| Q1 25 | $216.0M | $6.0B | ||
| Q4 24 | $229.7M | $6.0B | ||
| Q3 24 | $234.7M | $6.3B | ||
| Q2 24 | $239.3M | $6.3B |
净利润CGNXMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $32.7M | $577.0M | ||
| Q3 25 | $17.7M | $834.0M | ||
| Q2 25 | $40.5M | $723.0M | ||
| Q1 25 | $23.6M | $1.1B | ||
| Q4 24 | $28.3M | $728.0M | ||
| Q3 24 | $29.6M | $1.4B | ||
| Q2 24 | $36.2M | $1.1B |
毛利率CGNXMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 65.7% | 33.6% | ||
| Q3 25 | 67.6% | 41.8% | ||
| Q2 25 | 67.4% | 42.5% | ||
| Q1 25 | 66.8% | 41.6% | ||
| Q4 24 | 68.7% | 51.7% | ||
| Q3 24 | 67.9% | 42.1% | ||
| Q2 24 | 69.6% | 42.9% |
营业利润率CGNXMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 14.0% | 13.0% | ||
| Q3 25 | 20.9% | 22.2% | ||
| Q2 25 | 17.4% | 18.0% | ||
| Q1 25 | 12.1% | 20.9% | ||
| Q4 24 | 13.4% | 12.2% | ||
| Q3 24 | 13.4% | 20.9% | ||
| Q2 24 | 16.1% | 20.3% |
净利率CGNXMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 12.9% | 9.4% | ||
| Q3 25 | 6.4% | 12.8% | ||
| Q2 25 | 16.3% | 11.4% | ||
| Q1 25 | 10.9% | 18.7% | ||
| Q4 24 | 12.3% | 12.1% | ||
| Q3 24 | 12.6% | 21.8% | ||
| Q2 24 | 15.1% | 18.3% |
每股收益（稀释后）CGNXMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.20 | $1.07 | ||
| Q3 25 | $0.10 | $1.55 | ||
| Q2 25 | $0.24 | $1.34 | ||
| Q1 25 | $0.14 | $2.04 | ||
| Q4 24 | $0.17 | $1.33 | ||
| Q3 24 | $0.17 | $2.48 | ||
| Q2 24 | $0.21 | $2.07 |
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 | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $1.5B | $3.3B |
| 总资产 | $2.0B | $35.4B |
| 负债/权益比越低杠杆越低 | — | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资CGNXMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $262.9M | — | ||
| Q3 25 | $245.9M | — | ||
| Q2 25 | $179.3M | — | ||
| Q1 25 | $143.7M | — | ||
| Q4 24 | $186.1M | — | ||
| Q3 24 | $197.1M | — | ||
| Q2 24 | $176.6M | — |
总债务CGNXMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | — | $12.6B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | — | $13.1B | ||
| Q1 25 | — | $13.5B | ||
| Q4 24 | — | $13.0B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | $13.1B |
股东权益CGNXMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $1.5B | $4.7B | ||
| Q3 25 | $1.5B | $4.6B | ||
| Q2 25 | $1.5B | $4.3B | ||
| Q1 25 | $1.4B | $4.5B | ||
| Q4 24 | $1.5B | $3.8B | ||
| Q3 24 | $1.6B | $4.6B | ||
| Q2 24 | $1.5B | $3.9B |
总资产CGNXMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $2.0B | $37.7B | ||
| Q3 25 | $2.0B | $37.6B | ||
| Q2 25 | $2.0B | $38.0B | ||
| Q1 25 | $1.9B | $40.0B | ||
| Q4 24 | $2.0B | $39.9B | ||
| Q3 24 | $2.1B | $40.9B | ||
| Q2 24 | $2.0B | $43.4B |
负债/权益比CGNXMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | — | 2.68× | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 3.06× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | — | 3.40× | ||
| Q3 24 | — | 2.84× | ||
| Q2 24 | — | 3.34× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $72.3M | $2.0B |
| 自由现金流率自由现金流/营收 | 28.7% | 33.6% |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 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 | $3.7B |
8季度趋势，按日历期对齐
经营现金流CGNXMMM
| Q1 26 | — | — | ||
| Q4 25 | $74.9M | $1.6B | ||
| Q3 25 | $87.5M | $1.8B | ||
| Q2 25 | $42.6M | $-954.0M | ||
| Q1 25 | $40.5M | $-79.0M | ||
| Q4 24 | $51.4M | $1.8B | ||
| Q3 24 | $56.3M | $-1.8B | ||
| Q2 24 | $27.8M | $1.0B |
自由现金流CGNXMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $72.3M | $1.3B | ||
| Q3 25 | $86.0M | $1.5B | ||
| Q2 25 | $40.4M | $-1.2B | ||
| Q1 25 | $38.0M | $-315.0M | ||
| Q4 24 | $49.3M | $1.5B | ||
| Q3 24 | $51.9M | $-2.0B | ||
| Q2 24 | $23.3M | $752.0M |
自由现金流率CGNXMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 28.7% | 21.8% | ||
| Q3 25 | 31.1% | 23.6% | ||
| Q2 25 | 16.2% | -18.3% | ||
| Q1 25 | 17.6% | -5.3% | ||
| Q4 24 | 21.5% | 25.4% | ||
| Q3 24 | 22.1% | -32.3% | ||
| Q2 24 | 9.7% | 12.0% |
资本支出强度CGNXMMM
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 4.0% | ||
| Q3 25 | 0.5% | 3.3% | ||
| Q2 25 | 0.9% | 3.3% | ||
| Q1 25 | 1.2% | 4.0% | ||
| Q4 24 | 0.9% | 4.8% | ||
| Q3 24 | 1.9% | 3.9% | ||
| Q2 24 | 1.9% | 4.3% |
现金转化率CGNXMMM
| Q1 26 | — | — | ||
| Q4 25 | 2.29× | 2.74× | ||
| Q3 25 | 4.95× | 2.11× | ||
| Q2 25 | 1.05× | -1.32× | ||
| Q1 25 | 1.72× | -0.07× | ||
| Q4 24 | 1.81× | 2.50× | ||
| Q3 24 | 1.90× | -1.30× | ||
| Q2 24 | 0.77× | 0.89× |
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
MMM
| Safety and Industrial business segment | $2.9B | 49% |
| Transportation and Electronics business segment | $1.8B | 31% |
| Consumer business segment | $1.1B | 19% |
| Corporate | $121.0M | 2% |
