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Novanta Inc.(NOVT)Earnings, Financials & Key Ratios
NOVT•NASDAQ
105.6× P/E·Price updated Jun 19, 2026
SectorTechnologyIndustryTech Hardware & EquipmentSub-IndustryPhotonics, Lasers and Optical Components
AboutNovanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. The company's Photonics segment offers photonics-based solutions, including laser scanning and beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. It's Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. In addition, its Precision Motion segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force, resellers, distributors, and system integrators under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, NDSsi, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, Celera Motion, MicroE, Zettlex, Applimotion, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts.Show more
- Revenue$981M+3.3%
- EBITDA$179M+7.5%
- Net Income$54M-16.0%
- EPS (Diluted)1.47-16.9%
- Gross Margin41.59%-6.4%
- EBITDA Margin18.21%+4.1%
- Operating Margin11.9%+2.1%
- Net Margin5.49%-18.7%
- ROE5.23%-42.1%
NOVT Key Insights
Novanta Inc. (NOVT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 83 (top 17%)
- ✓Strong 5Y sales CAGR of 10.7%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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NOVT Price & Volume
Novanta Inc. (NOVT) stock price & volume — 10-year historical chart
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NOVT Growth Metrics
Novanta Inc. (NOVT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.13%
5 Years10.67%
3 Years4.43%
TTM5.59%
Profit CAGR
10 Years4.22%
5 Years3.87%
3 Years-10.09%
TTM-23.93%
EPS CAGR
10 Years3.72%
5 Years3.3%
3 Years-10.64%
TTM-29.59%
Return on Capital
10 Years9.3%
5 Years8.99%
3 Years9.36%
Last Year8.29%
NOVT Recent Earnings
Novanta Inc. (NOVT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.81+3.8%
$0.78
Rev
$258M+1.7%
$253M
Q1 2026
Feb 23, 2026Metric
Actual
Est
EPS
$0.91+3.4%
$0.88
Rev
$258M+1.1%
$256M
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$0.87+7.4%
$0.81
Rev
$248M-3.0%
$256M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.76+2.7%
$0.74
Rev
$241M-3.0%
$248M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.81vs $0.78+3.8% | $258Mvs $253M+1.7% |
| Q1 2026 | Feb 23, 2026 | $0.91vs $0.88+3.4% | $258Mvs $256M+1.1% |
| Q4 2025 | Nov 3, 2025 | $0.87vs $0.81+7.4% | $248Mvs $256M-3.0% |
| Q3 2025 | Aug 5, 2025 | $0.76vs $0.74+2.7% | $241Mvs $248M-3.0% |
Based on last 12 quarters of dataView full earnings history →
NOVT Peer Comparison
Novanta Inc. (NOVT) competitors in Photonics, Lasers and Optical Components — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MKSI | 27.36B | 406.37 | 92.99 | 9.62% | 8.03% | 12.24% | 1.73 | |
 CGNX | 11.04B | 66.10 | 97.21 | 8.73% | 13.62% | 9.56% | 0.05 | |
 COHR | 61.78B | 389.57 | -749.17 | 23.42% | 10.59% | 6.94% | 0.46 | |
 KLIC | 6.38B | 121.87 | 9999 | -7.38% | 0.4% | 0.37% | 0.05 | |
 IPGP | 5.01B | 118.01 | 161.66 | 2.73% | 2.78% | 1.37% | ||
 AEIS | 14.17B | 372.59 | 97.03 | 21.37% | 10% | 14.35% | 0.50 | |
 LSCC | 21.06B | 153.72 | 6893.27 | 2.72% | 3.46% | 2.79% | 0.11 | |
 VIAV | 10.91B | 47.17 | 314.47 | 8.39% | -4.03% | -6.92% | 0.89 |
Compare NOVT vs Peers
Novanta Inc. (NOVT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NOVT Income Statement
Novanta Inc. (NOVT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 521.29M | 614.34M | 626.1M | 590.62M | 706.79M | 860.9M | 881.66M | 949.25M | 980.6M | 1B |
Revenue Growth % | 35.49% | 17.85% | 1.91% | -5.67% | 19.67% | 21.8% | 2.41% | 7.67% | 3.3% | 5.59% |
Cost of Goods Sold | 300.76M | 352.81M | 364.01M | 346.11M | 406.46M | 482.43M | 481.76M | 527.7M | 572.79M | 588.13M |
COGS % of Revenue | 57.7% | 57.43% | 58.14% | 58.6% | 57.51% | 56.04% | 54.64% | 55.59% | 58.41% | - |
Gross Profit | 220.53M▲ 0% | 261.53M▲ 18.6% | 262.08M▲ 0.2% | 244.52M▼ 6.7% | 300.33M▲ 22.8% | 378.47M▲ 26.0% | 399.9M▲ 5.7% | 421.55M▲ 5.4% | 407.81M▼ 3.3% | 416.81M▲ 0% |
Gross Margin % | 42.3% | 42.57% | 41.86% | 41.4% | 42.49% | 43.96% | 45.36% | 44.41% | 41.59% | 41.48% |
Gross Profit Growth % | 35.75% | 18.59% | 0.21% | -6.7% | 22.82% | 26.02% | 5.66% | 5.41% | -3.26% | - |
Operating Expenses | 162.97M | 190.51M | 206.8M | 188.63M | 236.27M | 275.39M | 289.4M | 310.96M | 291.14M | 299.97M |
OpEx % of Revenue | 31.26% | 31.01% | 33.03% | 31.94% | 33.43% | 31.99% | 32.82% | 32.76% | 29.69% | - |
Selling, General & Admin | 102.03M | 115.9M | 118.41M | 109.85M | 129.16M | 158.9M | 164.46M | 175.94M | 195.66M | 204.47M |
SG&A % of Revenue | 19.57% | 18.87% | 18.91% | 18.6% | 18.27% | 18.46% | 18.65% | 18.54% | 19.95% | - |
Research & Development | 41.67M | 51.02M | 55.97M | 61M | 72.52M | 85.77M | 91.68M | 95.52M | 95.48M | 95.5M |
R&D % of Revenue | 7.99% | 8.31% | 8.94% | 10.33% | 10.26% | 9.96% | 10.4% | 10.06% | 9.74% | - |
Other Operating Expenses | 19.27M | 23.59M | 32.43M | 17.78M | 34.6M | 30.72M | 33.26M | 39.5M | 0 | 0 |
Operating Income | 57.57M▲ 0% | 71.01M▲ 23.4% | 55.28M▼ 22.2% | 55.89M▲ 1.1% | 64.05M▲ 14.6% | 103.08M▲ 60.9% | 110.5M▲ 7.2% | 110.58M▲ 0.1% | 116.66M▲ 5.5% | 116.84M▲ 0% |
Operating Margin % | 11.04% | 11.56% | 8.83% | 9.46% | 9.06% | 11.97% | 12.53% | 11.65% | 11.9% | 11.63% |
Operating Income Growth % | 74.68% | 23.36% | -22.15% | 1.1% | 14.61% | 60.93% | 7.2% | 0.08% | 5.5% | - |
EBITDA | 88.32M | 108.06M | 93.56M | 94.18M | 107.45M | 156.24M | 157.11M | 166.15M | 178.6M | 179.37M |
EBITDA Margin % | 16.94% | 17.59% | 14.94% | 15.95% | 15.2% | 18.15% | 17.82% | 17.5% | 18.21% | 17.85% |
EBITDA Growth % | 65.67% | 22.35% | -13.42% | 0.66% | 14.09% | 45.41% | 0.56% | 5.75% | 7.49% | 4.81% |
D&A (Non-Cash Add-back) | 30.76M | 37.05M | 38.28M | 38.29M | 43.39M | 53.16M | 46.61M | 55.56M | 61.93M | 62.53M |
EBIT | 65.11M | 79.05M | 71.86M | 59.7M | 82.07M | 107.46M | 123.31M | 124.29M | 116.66M | 116.84M |
Net Interest Income | -7.17M | -9.81M | -8.49M | -6.56M | -7.39M | -15.62M | -25.82M | -31.49M | -21.47M | -17.67M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 7.17M | 9.81M | 8.49M | 6.56M | 7.39M | 15.62M | 25.82M | 31.49M | 21.47M | 17.67M |
Other Income/Expense | 18.57M | -9.71M | -9.52M | -7.49M | -7.88M | -15.92M | -26.75M | -31.52M | -47.02M | -47.26M |
Pretax Income | 76.13M▲ 0% | 61.3M▼ 19.5% | 45.77M▼ 25.3% | 48.4M▲ 5.8% | 56.17M▲ 16.1% | 87.16M▲ 55.2% | 83.75M▼ 3.9% | 79.07M▼ 5.6% | 69.64M▼ 11.9% | 69.58M▲ 0% |
Pretax Margin % | 14.6% | 9.98% | 7.31% | 8.2% | 7.95% | 10.12% | 9.5% | 8.33% | 7.1% | 6.92% |
Income Tax | 13.83M | 10.21M | 4.99M | 3.88M | 5.84M | 13.11M | 10.87M | 14.98M | 15.81M | 15.86M |
Effective Tax Rate % | 18.16% | 16.65% | 10.91% | 8.02% | 10.4% | 15.04% | 12.98% | 18.94% | 22.71% | 22.79% |
Net Income | 60.05M▲ 0% | 49.11M▼ 18.2% | 40.77M▼ 17.0% | 44.52M▲ 9.2% | 50.33M▲ 13.1% | 74.05M▲ 47.1% | 72.88M▼ 1.6% | 64.09M▼ 12.1% | 53.83M▼ 16.0% | 53.72M▲ 0% |
Net Margin % | 11.52% | 7.99% | 6.51% | 7.54% | 7.12% | 8.6% | 8.27% | 6.75% | 5.49% | 5.35% |
Net Income Growth % | 172.92% | -18.22% | -16.97% | 9.19% | 13.05% | 47.13% | -1.58% | -12.06% | -16.01% | -23.93% |
Net Income (Continuing) | 62.31M | 51.09M | 40.77M | 44.52M | 50.33M | 74.05M | 72.88M | 64.09M | 53.83M | 53.72M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 46.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 1.13▲ 0% | 1.43▲ 26.5% | 1.15▼ 19.6% | 1.25▲ 8.7% | 1.41▲ 12.8% | 2.06▲ 46.1% | 2.02▼ 1.9% | 1.77▼ 12.4% | 1.47▼ 16.9% | 1.31▲ 0% |
EPS Growth % | 79.37% | 26.55% | -19.58% | 8.7% | 12.8% | 46.1% | -1.94% | -12.38% | -16.95% | -29.59% |
EPS (Basic) | 1.14 | 1.46 | 1.16 | 1.27 | 1.42 | 2.08 | 2.03 | 1.78 | 1.47 | - |
Diluted Shares Outstanding | 35.28M | 35.47M | 35.55M | 35.65M | 35.78M | 35.91M | 36.03M | 36.12M | 36.7M | 41.16M |
Basic Shares Outstanding | 34.82M | 34.91M | 35.03M | 35.14M | 35.4M | 35.65M | 35.84M | 35.95M | 36.59M | 40.42M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
NOVT Balance Sheet
Novanta Inc. (NOVT) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 287.88M | 281.77M | 304.51M | 304.17M | 373.82M | 420.52M | 415.3M | 433.65M | 782.6M | 786.8M |
Cash & Short-Term Investments | 100.06M | 82.04M | 78.94M | 125.05M | 117.39M | 100.11M | 105.05M | 113.99M | 380.87M | 388.8M |
Cash Only | 100.06M | 82.04M | 78.94M | 125.05M | 117.39M | 100.11M | 105.05M | 113.99M | 380.87M | 388.8M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 81.48M | 83.95M | 91.08M | 75.05M | 115.62M | 137.7M | 139.41M | 151.03M | 184.88M | 173.93M |
Days Sales Outstanding | 57.05 | 49.88 | 53.1 | 46.38 | 59.71 | 58.38 | 57.71 | 58.07 | 68.82 | 62.71 |
Inventory | 91.28M | 104.76M | 116.62M | 92.74M | 125.66M | 168M | 149.37M | 144.61M | 188.28M | 193.14M |
Days Inventory Outstanding | 110.77 | 108.38 | 116.93 | 97.8 | 112.84 | 127.1 | 113.17 | 100.02 | 119.98 | 113.18 |
Other Current Assets | 15.06M | 11.01M | 17.87M | 11.33M | 15.16M | 14.72M | 21.46M | 24.03M | 28.57M | 30.93M |
Total Non-Current Assets | 438.82M | 437.81M | 565.22M | 561.01M | 854.06M | 820.69M | 810.76M | 954.86M | 1.02B | 1.01B |
Property, Plant & Equipment | 61.72M | 65.46M | 112.74M | 113.12M | 135.78M | 146.5M | 147.75M | 156.04M | 160.19M | 157.32M |
Fixed Asset Turnover | 8.45x | 9.38x | 5.55x | 5.22x | 5.21x | 5.88x | 5.97x | 6.08x | 6.12x | 6.25x |
Goodwill | 210.99M | 217.66M | 274.71M | 285.98M | 479.5M | 478.9M | 484.51M | 584.1M | 647.35M | 643.38M |
Intangible Assets | 155.05M | 142.92M | 166.18M | 148.52M | 220.99M | 175.77M | 145.02M | 185.84M | 180.78M | 170.3M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 4.02M | 2.27M | 2.71M | 2.89M | 5.59M | 4.41M | 5.62M | 5.99M | 8.81M | 41.25M |
Total Assets | 726.7M▲ 0% | 719.58M▼ 1.0% | 869.74M▲ 20.9% | 865.18M▼ 0.5% | 1.23B▲ 41.9% | 1.24B▲ 1.1% | 1.23B▼ 1.2% | 1.39B▲ 13.3% | 1.81B▲ 30.1% | 1.8B▲ 0% |
Asset Turnover | 0.72x | 0.85x | 0.72x | 0.68x | 0.58x | 0.69x | 0.72x | 0.68x | 0.54x | 0.61x |
Asset Growth % | 70.73% | -0.98% | 20.87% | -0.52% | 41.92% | 1.09% | -1.22% | 13.25% | 30.15% | 74.17% |
Total Current Liabilities | 98.17M | 104.2M | 134.85M | 114.23M | 183.94M | 164.52M | 139.18M | 167.79M | 212.37M | 220.79M |
Accounts Payable | 39.79M | 50.73M | 52.59M | 42.97M | 68.51M | 75.22M | 57.2M | 76.89M | 94.86M | 96.2M |
Days Payables Outstanding | 48.29 | 52.49 | 52.73 | 45.31 | 61.52 | 56.91 | 43.33 | 53.18 | 60.45 | 59 |
Short-Term Debt | 9.12M | 4.54M | 10.07M | 21.42M | 13.03M | 13.26M | 13.88M | 15.33M | 48.98M | 50.96M |
Deferred Revenue (Current) | 0 | 4.17M | 3.22M | 6.17M | 7M | 8.13M | 5.55M | 5.71M | 0 | 14.94M |
Other Current Liabilities | 25.97M | 17.59M | 51.75M | 25.38M | 66.16M | 18.75M | 22.08M | 25.5M | 62.67M | 65.75M |
Current Ratio | 2.93x | 2.70x | 2.26x | 2.66x | 2.03x | 2.56x | 2.98x | 2.58x | 3.69x | 3.56x |
Quick Ratio | 2.00x | 1.70x | 1.39x | 1.85x | 1.35x | 1.53x | 1.91x | 1.72x | 2.80x | 2.69x |
Cash Conversion Cycle | 119.53 | 105.78 | 117.3 | 98.87 | 111.02 | 128.57 | 127.55 | 104.91 | 128.35 | 116.89 |
Total Non-Current Liabilities | 270.07M | 247.13M | 317.72M | 274.14M | 522.65M | 499.1M | 413.42M | 475.02M | 280.45M | 267.24M |
Long-Term Debt | 225.5M | 202.84M | 215.33M | 194.93M | 429.36M | 430.66M | 349.4M | 411.95M | 251.41M | 201M |
Capital Lease Obligations | 0 | 7.28M | 48.95M | 38.71M | 51.01M | 45.46M | 41.28M | 43.72M | 41.22M | 167.43M |
Deferred Tax Liabilities | 25.67M | 22.63M | 26.68M | 24.13M | 33.74M | 17.19M | 16.3M | 13.09M | 18.09M | 75.73M |
Other Non-Current Liabilities | 18.89M | 14.38M | 26.75M | 16.37M | 8.55M | 5.79M | 6.43M | 6.26M | -30.27M | 9.7M |
Total Liabilities | 368.24M | 351.32M | 452.56M | 388.37M | 706.59M | 663.63M | 552.6M | 642.81M | 492.82M | 488.03M |
Total Debt | 234.62M | 207.38M | 275.67M | 255.05M | 493.4M | 489.38M | 404.56M | 471M | 341.61M | 291.33M |
Net Debt | 134.56M | 125.33M | 196.72M | 130M | 376.01M | 389.28M | 299.51M | 357.01M | -39.26M | -97.46M |
Debt / Equity | 0.65x | 0.56x | 0.66x | 0.53x | 0.95x | 0.85x | 0.60x | 0.63x | 0.26x | 0.22x |
Debt / EBITDA | 2.66x | 1.92x | 2.95x | 2.71x | 4.59x | 3.13x | 2.58x | 2.83x | 1.91x | 1.62x |
Net Debt / EBITDA | 1.52x | 1.16x | 2.10x | 1.38x | 3.50x | 2.49x | 1.91x | 2.15x | -0.22x | -0.54x |
Interest Coverage | 9.09x | 8.06x | 8.46x | 9.09x | 11.11x | 6.88x | 4.78x | 3.95x | 5.43x | 6.61x |
Total Equity | 358.47M▲ 0% | 368.25M▲ 2.7% | 417.17M▲ 13.3% | 476.81M▲ 14.3% | 521.29M▲ 9.3% | 577.59M▲ 10.8% | 673.46M▲ 16.6% | 745.7M▲ 10.7% | 1.31B▲ 76.2% | 1.31B▲ 0% |
Equity Growth % | 38.47% | 2.73% | 13.28% | 14.3% | 9.33% | 10.8% | 16.6% | 10.73% | 76.25% | 168.72% |
Book Value per Share | 10.16 | 10.38 | 11.74 | 13.37 | 14.57 | 16.08 | 18.69 | 20.64 | 35.81 | 31.85 |
Total Shareholders' Equity | 311.55M | 368.25M | 417.17M | 476.81M | 521.29M | 577.59M | 673.46M | 745.7M | 1.31B | 1.31B |
Common Stock | 423.86M | 423.86M | 423.86M | 423.86M | 423.86M | 423.86M | 423.86M | 423.86M | 423.86M | 423.86M |
Retained Earnings | -127.74M | -79.09M | -38.32M | 6.2M | 56.53M | 130.58M | 203.46M | 267.55M | 321.38M | 342.48M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -17.88M | -22.53M | -18.11M | -12.24M | -12.87M | -32.01M | -24.04M | -29.92M | -3M | -11.72M |
Minority Interest | 46.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NOVT Cash Flow Statement
Novanta Inc. (NOVT) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 63.38M | 89.65M | 63.25M | 140.24M | 94.63M | 90.78M | 120.08M | 158.51M | 64.06M | 82.69M |
Operating CF Margin % | 12.16% | 14.59% | 10.1% | 23.74% | 13.39% | 10.54% | 13.62% | 16.7% | 6.53% | - |
Operating CF Growth % | 32.62% | 41.45% | -29.45% | 121.73% | -32.53% | -4.06% | 32.27% | 32.01% | -59.59% | -153.33% |
Net Income | 62.31M | 50.89M | 40.77M | 44.52M | 50.33M | 74.05M | 72.88M | 64.09M | 53.83M | 53.72M |
Depreciation & Amortization | 30.76M | 37.05M | 38.28M | 38.29M | 43.39M | 53.16M | 46.61M | 55.56M | 61.93M | 62.53M |
Stock-Based Compensation | 5.49M | 7.71M | 9.34M | 23.12M | 25.61M | 23.11M | 25.59M | 23.31M | 29.54M | 22.44M |
Deferred Taxes | -2.56M | -6.08M | -4.33M | -4.11M | -3.94M | -18.65M | -14.73M | -15.91M | -8.85M | -8.07M |
Other Non-Cash Items | -18.77M | 3M | 6.63M | -1.12M | 6.25M | 3.85M | 11.05M | 12.55M | 2.74M | 3.84M |
Working Capital Changes | -13.85M | -2.93M | -27.44M | 39.54M | -27.01M | -44.74M | -21.33M | 18.92M | -75.13M | -51.77M |
Change in Receivables | -2.08M | -1.16M | -3.6M | 18.03M | -25.36M | -23.25M | -127K | -6.19M | -27.27M | -5.24M |
Change in Inventory | -13.59M | -15.6M | -7.4M | 22.1M | -19.08M | -48.55M | 11.37M | 4.78M | -36.1M | -42.51M |
Change in Payables | 8.99M | 11.24M | -14.8M | -14.48M | 24.52M | 30.33M | -20.45M | 13.06M | 3.71M | 17.06M |
Cash from Investing | -177.38M | -45.59M | -63.84M | -13.16M | -306.7M | -42.54M | -19.89M | -208.19M | -74.32M | -79.37M |
Capital Expenditures | -9.09M | -14.66M | -10.74M | -10.52M | -22.18M | -19.64M | -19.96M | -17.16M | -15.63M | -15.48M |
CapEx % of Revenue | 1.74% | 2.39% | 1.72% | 1.78% | 3.14% | 2.28% | 2.26% | 1.81% | 1.59% | 1.54% |
Acquisitions | -168.33M | -29.6M | -53.14M | 0 | -284.73M | -21.57M | 0 | -191.2M | -64.29M | -63.95M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 46K | -1.33M | 42K | -2.63M | 200K | -1.33M | 69K | 173K | 5.6M | 59K |
Cash from Financing | 143.33M | -60.16M | -3.94M | -84.36M | 204.75M | -60.15M | -97.85M | 56.94M | 276.33M | 280.23M |
Debt Issued (Net) | 149.84M | -19.39M | 16.1M | -35.39M | 238.88M | 10.91M | -86.55M | 66.93M | -287.63M | -266.67M |
Equity Issued (Net) | -2.46M | -9.41M | -16.93M | -5.5M | 0 | -21.72M | 0 | 0 | 575.11M | 563.52M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | -370K | -5.85M | -10M | -5.5M | 0 | -10M | 0 | 0 | -39.28M | -52.16M |
Other Financing | -4.05M | -31.36M | -3.1M | -43.47M | -34.12M | -49.34M | -11.3M | -9.99M | -11.15M | -16.62M |
Net Change in Cash | 31.95M▲ 0% | -18.01M▼ 156.4% | -3.1M▲ 82.8% | 46.11M▲ 1587.9% | -7.66M▼ 116.6% | -17.29M▼ 125.7% | 4.95M▲ 128.6% | 8.94M▲ 80.7% | 266.88M▲ 2885.9% | 282.75M▲ 0% |
Free Cash Flow | 54.28M▲ 0% | 74.99M▲ 38.1% | 52.51M▼ 30.0% | 129.72M▲ 147.1% | 72.45M▼ 44.1% | 71.14M▼ 1.8% | 100.11M▲ 40.7% | 141.35M▲ 41.2% | 48.43M▼ 65.7% | 67.2M▲ 0% |
FCF Margin % | 10.41% | 12.21% | 8.39% | 21.96% | 10.25% | 8.26% | 11.36% | 14.89% | 4.94% | 6.69% |
FCF Growth % | 38.04% | 38.14% | -29.98% | 147.05% | -44.15% | -1.81% | 40.74% | 41.19% | -65.74% | -52.79% |
FCF per Share | 1.54 | 2.11 | 1.48 | 3.64 | 2.02 | 1.98 | 2.78 | 3.91 | 1.32 | 1.63 |
FCF Conversion (FCF/Net Income) | 1.06x | 1.83x | 1.55x | 3.15x | 1.88x | 1.23x | 1.65x | 2.47x | 1.19x | 1.25x |
Interest Paid | 5.83M | 8.92M | 8.39M | 5.53M | 6.21M | 14.26M | 25.3M | 32.67M | 0 | 12.24M |
Taxes Paid | 21.12M | 20.32M | 14.26M | 5.88M | 11.3M | 20.29M | 36.9M | 21.15M | 0 | 9.79M |
NOVT Key Ratios
Novanta Inc. (NOVT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 19.45% | 13.52% | 10.38% | 9.96% | 10.09% | 13.48% | 11.65% | 9.03% | 5.23% | 5.08% |
Return on Invested Capital (ROIC) | 11.22% | 10.8% | 7.49% | 6.87% | 6.39% | 8.29% | 8.54% | 7.99% | 7.36% | 7.14% |
Gross Margin | 42.3% | 42.57% | 41.86% | 41.4% | 42.49% | 43.96% | 45.36% | 44.41% | 41.59% | 41.48% |
Net Margin | 11.52% | 7.99% | 6.51% | 7.54% | 7.12% | 8.6% | 8.27% | 6.75% | 5.49% | 5.35% |
Debt / Equity | 0.65x | 0.56x | 0.66x | 0.53x | 0.95x | 0.85x | 0.60x | 0.63x | 0.26x | 0.22x |
Interest Coverage | 9.09x | 8.06x | 8.46x | 9.09x | 11.11x | 6.88x | 4.78x | 3.95x | 5.43x | 6.61x |
FCF Conversion | 1.06x | 1.83x | 1.55x | 3.15x | 1.88x | 1.23x | 1.65x | 2.47x | 1.19x | 1.25x |
Revenue Growth | 35.49% | 17.85% | 1.91% | -5.67% | 19.67% | 21.8% | 2.41% | 7.67% | 3.3% | 5.59% |
Related:NOVT Dividend History·NOVT Revenue History·NOVT Price History·NOVT P/E History·NOVT Financial Ratios·NOVT Institutional Holders
NOVT SEC Filings & Documents
Novanta Inc. (NOVT) SEC filings — annual & quarterly reports (10-K, 10-Q)
NOVT Frequently Asked Questions
Novanta Inc. (NOVT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Novanta Inc. (NOVT) reported $1.00B in revenue for fiscal year 2025. This represents a 597% increase from $144.2M in 1998.
Novanta Inc. (NOVT) grew revenue by 3.3% over the past year. Growth has been modest.
Yes, Novanta Inc. (NOVT) is profitable, generating $53.7M in net income for fiscal year 2025 (5.5% net margin).
Dividend & Returns
Novanta Inc. (NOVT) has a return on equity (ROE) of 5.2%. This is below average, suggesting room for improvement.
Novanta Inc. (NOVT) generated $67.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.