vs
康耐视（CGNX）与森萨塔科技（ST）财务数据对比。点击上方公司名可切换其他公司
森萨塔科技的季度营收约是康耐视的3.6倍（$917.9M vs $252.3M）。康耐视净利率更高（12.9% vs 6.9%，领先6.1%）。康耐视同比增速更快（9.9% vs 1.1%）。森萨塔科技自由现金流更多（$151.9M vs $72.3M）。过去两年康耐视的营收复合增速更高（9.4% vs -4.5%）
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。
森萨塔科技控股有限公司是全球领先的工业科技企业，主营传感器、电气保护及控制解决方案的研发、生产与销售，产品覆盖汽车、工业、航空航天、暖通空调、电信等多个下游领域，服务全球制造类企业客户。
CGNX vs ST — 直观对比
营收规模更大
ST
是对方的3.6倍
$252.3M
营收增速更快
CGNX
高出8.7%
1.1%
净利率更高
CGNX
高出6.1%
6.9%
自由现金流更多
ST
多$79.6M
$72.3M
两年增速更快
CGNX
近两年复合增速
-4.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $252.3M | $917.9M |
| 净利润 | $32.7M | $63.2M |
| 毛利率 | 65.7% | 29.0% |
| 营业利润率 | 14.0% | 10.9% |
| 净利率 | 12.9% | 6.9% |
| 营收同比 | 9.9% | 1.1% |
| 净利润同比 | 15.2% | 992.7% |
| 每股收益（稀释后） | $0.20 | $0.45 |
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CGNXST
| Q4 25 | $252.3M | $917.9M | ||
| Q3 25 | $276.9M | $932.0M | ||
| Q2 25 | $249.1M | $943.4M | ||
| Q1 25 | $216.0M | $911.3M | ||
| Q4 24 | $229.7M | $907.7M | ||
| Q3 24 | $234.7M | $982.8M | ||
| Q2 24 | $239.3M | $1.0B | ||
| Q1 24 | $210.8M | $1.0B |
净利润CGNXST
| Q4 25 | $32.7M | $63.2M | ||
| Q3 25 | $17.7M | $-162.5M | ||
| Q2 25 | $40.5M | $60.7M | ||
| Q1 25 | $23.6M | $69.9M | ||
| Q4 24 | $28.3M | $5.8M | ||
| Q3 24 | $29.6M | $-25.0M | ||
| Q2 24 | $36.2M | $71.7M | ||
| Q1 24 | $12.0M | $76.0M |
毛利率CGNXST
| Q4 25 | 65.7% | 29.0% | ||
| Q3 25 | 67.6% | 27.8% | ||
| Q2 25 | 67.4% | 30.3% | ||
| Q1 25 | 66.8% | 29.9% | ||
| Q4 24 | 68.7% | 27.1% | ||
| Q3 24 | 67.9% | 28.6% | ||
| Q2 24 | 69.6% | 30.0% | ||
| Q1 24 | 67.3% | 31.5% |
营业利润率CGNXST
| Q4 25 | 14.0% | 10.9% | ||
| Q3 25 | 20.9% | -13.2% | ||
| Q2 25 | 17.4% | 14.6% | ||
| Q1 25 | 12.1% | 13.4% | ||
| Q4 24 | 13.4% | 8.1% | ||
| Q3 24 | 13.4% | -20.3% | ||
| Q2 24 | 16.1% | 12.5% | ||
| Q1 24 | 6.7% | 14.4% |
净利率CGNXST
| Q4 25 | 12.9% | 6.9% | ||
| Q3 25 | 6.4% | -17.4% | ||
| Q2 25 | 16.3% | 6.4% | ||
| Q1 25 | 10.9% | 7.7% | ||
| Q4 24 | 12.3% | 0.6% | ||
| Q3 24 | 12.6% | -2.5% | ||
| Q2 24 | 15.1% | 6.9% | ||
| Q1 24 | 5.7% | 7.6% |
每股收益（稀释后）CGNXST
| Q4 25 | $0.20 | $0.45 | ||
| Q3 25 | $0.10 | $-1.12 | ||
| Q2 25 | $0.24 | $0.41 | ||
| Q1 25 | $0.14 | $0.47 | ||
| Q4 24 | $0.17 | $0.05 | ||
| Q3 24 | $0.17 | $-0.17 | ||
| Q2 24 | $0.21 | $0.47 | ||
| Q1 24 | $0.07 | $0.50 |
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 | $573.0M |
| 总债务越低越好 | — | $2.8B |
| 股东权益账面价值 | $1.5B | $2.8B |
| 总资产 | $2.0B | $6.8B |
| 负债/权益比越低杠杆越低 | — | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资CGNXST
| Q4 25 | $262.9M | $573.0M | ||
| Q3 25 | $245.9M | $791.3M | ||
| Q2 25 | $179.3M | $661.8M | ||
| Q1 25 | $143.7M | $588.1M | ||
| Q4 24 | $186.1M | $593.7M | ||
| Q3 24 | $197.1M | $506.2M | ||
| Q2 24 | $176.6M | $1.0B | ||
| Q1 24 | $138.9M | $460.4M |
总债务CGNXST
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CGNXST
| Q4 25 | $1.5B | $2.8B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.5B | $2.9B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.5B | $2.9B | ||
| Q3 24 | $1.6B | $3.0B | ||
| Q2 24 | $1.5B | $3.0B | ||
| Q1 24 | $1.5B | $3.0B |
总资产CGNXST
| Q4 25 | $2.0B | $6.8B | ||
| Q3 25 | $2.0B | $7.1B | ||
| Q2 25 | $2.0B | $7.3B | ||
| Q1 25 | $1.9B | $7.2B | ||
| Q4 24 | $2.0B | $7.1B | ||
| Q3 24 | $2.1B | $7.3B | ||
| Q2 24 | $2.0B | $8.2B | ||
| Q1 24 | $2.0B | $7.6B |
负债/权益比CGNXST
| Q4 25 | — | 1.02× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $201.5M |
| 自由现金流经营现金流 - 资本支出 | $72.3M | $151.9M |
| 自由现金流率自由现金流/营收 | 28.7% | 16.6% |
| 资本支出强度资本支出/营收 | 1.0% | 5.4% |
| 现金转化率经营现金流/净利润 | 2.29× | 3.19× |
| 过去12个月自由现金流最近4个季度 | $236.8M | $490.3M |
8季度趋势，按日历期对齐
经营现金流CGNXST
| Q4 25 | $74.9M | $201.5M | ||
| Q3 25 | $87.5M | $159.9M | ||
| Q2 25 | $42.6M | $140.9M | ||
| Q1 25 | $40.5M | $119.2M | ||
| Q4 24 | $51.4M | $170.7M | ||
| Q3 24 | $56.3M | $130.9M | ||
| Q2 24 | $27.8M | $143.5M | ||
| Q1 24 | $13.6M | $106.5M |
自由现金流CGNXST
| Q4 25 | $72.3M | $151.9M | ||
| Q3 25 | $86.0M | $136.2M | ||
| Q2 25 | $40.4M | $115.5M | ||
| Q1 25 | $38.0M | $86.6M | ||
| Q4 24 | $49.3M | $138.9M | ||
| Q3 24 | $51.9M | $91.3M | ||
| Q2 24 | $23.3M | $98.4M | ||
| Q1 24 | $9.6M | $64.4M |
自由现金流率CGNXST
| Q4 25 | 28.7% | 16.6% | ||
| Q3 25 | 31.1% | 14.6% | ||
| Q2 25 | 16.2% | 12.2% | ||
| Q1 25 | 17.6% | 9.5% | ||
| Q4 24 | 21.5% | 15.3% | ||
| Q3 24 | 22.1% | 9.3% | ||
| Q2 24 | 9.7% | 9.5% | ||
| Q1 24 | 4.5% | 6.4% |
资本支出强度CGNXST
| Q4 25 | 1.0% | 5.4% | ||
| Q3 25 | 0.5% | 2.5% | ||
| Q2 25 | 0.9% | 2.7% | ||
| Q1 25 | 1.2% | 3.6% | ||
| Q4 24 | 0.9% | 3.5% | ||
| Q3 24 | 1.9% | 4.0% | ||
| Q2 24 | 1.9% | 4.4% | ||
| Q1 24 | 1.9% | 4.2% |
现金转化率CGNXST
| Q4 25 | 2.29× | 3.19× | ||
| Q3 25 | 4.95× | — | ||
| Q2 25 | 1.05× | 2.32× | ||
| Q1 25 | 1.72× | 1.70× | ||
| Q4 24 | 1.81× | 29.50× | ||
| Q3 24 | 1.90× | — | ||
| Q2 24 | 0.77× | 2.00× | ||
| Q1 24 | 1.13× | 1.40× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
