• Cognex average net profit margin for 2023 was 17.35%, a 24.66% decline from 2022.
• Cognex average net profit margin for 2022 was 23.03%, a 18.36% decline from 2021.
• Cognex average net profit margin for 2021 was 28.21%, a 20.76% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.