Novanta Inc.(NOVT)Earnings, Financials & Key Ratios

NOVT•NASDAQ

$138.90

$4.95B mkt cap·94.5× P/E·Price updated May 6, 2026

SectorTechnology IndustryTech Hardware & Equipment Sub-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 Margin44.39%
EBITDA Margin18.21%+4.1%
Operating Margin11.9%+2.1%
Net Margin5.49%-18.7%
ROE5.23%-42.1%
ROIC7.36%-7.9%
Debt/Equity0.26-58.8%
Interest Coverage5.43+54.7%

Technical→

NOVT Key Insights

Novanta Inc. (NOVT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓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.

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%

TTM3.3%

Profit CAGR

10 Years4.22%

5 Years3.87%

3 Years-10.09%

TTM-16.01%

EPS CAGR

10 Years3.72%

5 Years3.3%

3 Years-10.64%

TTM-17.98%

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

Full history →

●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)

Q1 2026Latest

Feb 23, 2026

EPS

$0.91

Est $0.88

+3.4%

Revenue

$258M

Est $256M

+1.1%

Q4 2025

Nov 3, 2025

EPS

$0.87

Est $0.81

+7.4%

Revenue

$248M

Est $256M

-3.0%

Q3 2025

Aug 5, 2025

EPS

$0.76

Est $0.74

+2.7%

Revenue

$241M

Est $248M

-3.0%

Q2 2025

May 6, 2025

EPS

$0.74

Est $0.68

+8.8%

Revenue

$233M

Est $241M

-3.1%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	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%
Q2 2025	May 6, 2025	$0.74vs $0.68+8.8%	$233Mvs $241M-3.1%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
MKSIMKS Inc.Direct Competitor	19.78B	293.77	67.22	9.62%	7.51%	11.54%	1.73
CGNXCognex CorporationDirect Competitor	10.4B	62.26	91.56	8.73%	11.51%	7.72%	0.05
COHRCoherent, Inc.Direct Competitor	54.66B	344.67	-662.83	23.42%	10.59%	6.94%	0.46
KLICKulicke and Soffa Industries, Inc.Direct Competitor	4.91B	93.78	9999	-7.38%	7.16%	6.59%	0.05
IPGPIPG Photonics CorporationDirect Competitor	4.33B	101.94	139.64	2.73%	2.78%	1.37%
AEISAdvanced Energy Industries, Inc.Product Competitor	13.72B	360.81	93.96	21.37%	10%	14.35%	0.50
LSCCLattice Semiconductor CorporationProduct Competitor	17.15B	125.19	5613.90	2.72%	3.46%	2.79%	0.11
VIAVViavi Solutions Inc.Product Competitor	12.26B	53.00	353.33	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.

Closest Rival

vs MKSI

Most directly comparable listed peer for NOVT.

Scale Benchmark

vs ISRG

Larger-name benchmark to compare NOVT against a more recognizable public peer.

Peer Set

Compare Top 5

vs MKSI, CGNX, COHR, KLIC

NOVT Income Statement

Novanta Inc. (NOVT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	521.29M	614.34M	626.1M	590.62M	706.79M	860.9M	881.66M	949.25M	980.6M
Revenue Growth %	35.49%	17.85%	1.91%	-5.67%	19.67%	21.8%	2.41%	7.67%	3.3%
Cost of Goods Sold	300.76M	352.81M	364.01M	346.11M	406.46M	482.43M	481.76M	527.7M	545.32M
COGS % of Revenue	57.7%	57.43%	58.14%	58.6%	57.51%	56.04%	54.64%	55.59%	55.61%
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%	435.28M▲ 3.3%
Gross Margin %	42.3%	42.57%	41.86%	41.4%	42.49%	43.96%	45.36%	44.41%	44.39%
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	318.62M
OpEx % of Revenue	31.26%	31.01%	33.03%	31.94%	33.43%	31.99%	32.82%	32.76%	32.49%
Selling, General & Admin	102.03M	115.9M	118.41M	109.85M	129.16M	158.9M	164.46M	175.94M	195.66M
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
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	27.48M
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%
Operating Margin %	11.04%	11.56%	8.83%	9.46%	9.06%	11.97%	12.53%	11.65%	11.9%
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
EBITDA Margin %	16.94%	17.59%	14.94%	15.95%	15.2%	18.15%	17.82%	17.5%	18.21%
EBITDA Growth %	65.67%	22.35%	-13.42%	0.66%	14.09%	45.41%	0.56%	5.75%	7.49%
D&A (Non-Cash Add-back)	30.76M	37.05M	38.28M	38.29M	43.39M	53.16M	46.61M	55.56M	61.93M
EBIT	65.11M	79.05M	71.86M	59.7M	82.07M	107.46M	123.31M	124.29M	91.11M
Net Interest Income	-7.17M	-9.81M	-8.49M	-6.56M	-7.39M	-15.62M	-25.82M	-31.49M	-21.47M
Interest Income	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
Other Income/Expense	18.57M	-9.71M	-9.52M	-7.49M	-7.88M	-15.92M	-26.75M	-31.52M	-47.02M
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%
Pretax Margin %	14.6%	9.98%	7.31%	8.2%	7.95%	10.12%	9.5%	8.33%	7.1%
Income Tax	13.83M	10.21M	4.99M	3.88M	5.84M	13.11M	10.87M	14.98M	15.81M
Effective Tax Rate %	18.16%	16.65%	10.91%	8.02%	10.4%	15.04%	12.98%	18.94%	22.71%
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%
Net Margin %	11.52%	7.99%	6.51%	7.54%	7.12%	8.6%	8.27%	6.75%	5.49%
Net Income Growth %	172.92%	-18.22%	-16.97%	9.19%	13.05%	47.13%	-1.58%	-12.06%	-16.01%
Net Income (Continuing)	62.31M	51.09M	40.77M	44.52M	50.33M	74.05M	72.88M	64.09M	53.83M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	46.92M	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%
EPS Growth %	79.37%	26.55%	-19.58%	8.7%	12.8%	46.1%	-1.94%	-12.38%	-16.95%
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
Basic Shares Outstanding	34.82M	34.91M	35.03M	35.14M	35.4M	35.65M	35.84M	35.95M	36.59M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

NOVT Balance Sheet

Novanta Inc. (NOVT) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	287.88M	281.77M	304.51M	304.17M	373.82M	420.52M	415.3M	433.65M	782.6M
Cash & Short-Term Investments	100.06M	82.04M	78.94M	125.05M	117.39M	100.11M	105.05M	113.99M	380.87M
Cash Only	100.06M	82.04M	78.94M	125.05M	117.39M	100.11M	105.05M	113.99M	380.87M
Short-Term Investments	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
Days Sales Outstanding	57.05	49.88	53.1	46.38	59.71	58.38	57.71	58.07	68.82
Inventory	91.28M	104.76M	116.62M	92.74M	125.66M	168M	149.37M	144.61M	188.28M
Days Inventory Outstanding	110.77	108.38	116.93	97.8	112.84	127.1	113.17	100.02	126.03
Other Current Assets	15.06M	11.01M	17.87M	11.33M	15.16M	14.72M	21.46M	24.03M	28.57M
Total Non-Current Assets	438.82M	437.81M	565.22M	561.01M	854.06M	820.69M	810.76M	954.86M	1.02B
Property, Plant & Equipment	61.72M	65.46M	112.74M	113.12M	135.78M	146.5M	147.75M	156.04M	160.19M
Fixed Asset Turnover	8.45x	9.38x	5.55x	5.22x	5.21x	5.88x	5.97x	6.08x	6.12x
Goodwill	210.99M	217.66M	274.71M	285.98M	479.5M	478.9M	484.51M	584.1M	647.35M
Intangible Assets	155.05M	142.92M	166.18M	148.52M	220.99M	175.77M	145.02M	185.84M	180.78M
Long-Term Investments	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
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%
Asset Turnover	0.72x	0.85x	0.72x	0.68x	0.58x	0.69x	0.72x	0.68x	0.54x
Asset Growth %	70.73%	-0.98%	20.87%	-0.52%	41.92%	1.09%	-1.22%	13.25%	30.15%
Total Current Liabilities	98.17M	104.2M	134.85M	114.23M	183.94M	164.52M	139.18M	167.79M	212.37M
Accounts Payable	39.79M	50.73M	52.59M	42.97M	68.51M	75.22M	57.2M	76.89M	94.86M
Days Payables Outstanding	48.29	52.49	52.73	45.31	61.52	56.91	43.33	53.18	63.5
Short-Term Debt	9.12M	4.54M	10.07M	21.42M	13.03M	13.26M	13.88M	15.33M	48.98M
Deferred Revenue (Current)	0	4.17M	3.22M	6.17M	7M	8.13M	5.55M	5.71M	0
Other Current Liabilities	25.97M	17.59M	51.75M	25.38M	66.16M	18.75M	22.08M	25.5M	62.67M
Current Ratio	2.93x	2.70x	2.26x	2.66x	2.03x	2.56x	2.98x	2.58x	3.69x
Quick Ratio	2.00x	1.70x	1.39x	1.85x	1.35x	1.53x	1.91x	1.72x	2.80x
Cash Conversion Cycle	119.53	105.78	117.3	98.87	111.02	128.57	127.55	104.91	131.34
Total Non-Current Liabilities	270.07M	247.13M	317.72M	274.14M	522.65M	499.1M	413.42M	475.02M	280.45M
Long-Term Debt	225.5M	202.84M	215.33M	194.93M	429.36M	430.66M	349.4M	411.95M	251.41M
Capital Lease Obligations	0	7.28M	48.95M	38.71M	51.01M	45.46M	41.28M	43.72M	41.22M
Deferred Tax Liabilities	25.67M	22.63M	26.68M	24.13M	33.74M	17.19M	16.3M	13.09M	18.09M
Other Non-Current Liabilities	18.89M	14.38M	26.75M	16.37M	8.55M	5.79M	6.43M	6.26M	-30.27M
Total Liabilities	368.24M	351.32M	452.56M	388.37M	706.59M	663.63M	552.6M	642.81M	492.82M
Total Debt	234.62M	207.38M	275.67M	255.05M	493.4M	489.38M	404.56M	471M	341.61M
Net Debt	134.56M	125.33M	196.72M	130M	376.01M	389.28M	299.51M	357.01M	-39.26M
Debt / Equity	0.65x	0.56x	0.66x	0.53x	0.95x	0.85x	0.60x	0.63x	0.26x
Debt / EBITDA	2.66x	1.92x	2.95x	2.71x	4.59x	3.13x	2.58x	2.83x	1.91x
Net Debt / EBITDA	1.52x	1.16x	2.10x	1.38x	3.50x	2.49x	1.91x	2.15x	-0.22x
Interest Coverage	8.03x	7.24x	6.51x	8.51x	8.67x	6.60x	4.28x	3.51x	5.43x
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%
Equity Growth %	38.47%	2.73%	13.28%	14.3%	9.33%	10.8%	16.6%	10.73%	76.25%
Book Value per Share	10.16	10.38	11.74	13.37	14.57	16.08	18.69	20.64	35.81
Total Shareholders' Equity	311.55M	368.25M	417.17M	476.81M	521.29M	577.59M	673.46M	745.7M	1.31B
Common Stock	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
Treasury Stock	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
Minority Interest	46.92M	0	0	0	0	0	0	0	0

NOVT Cash Flow Statement

Novanta Inc. (NOVT) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	63.38M	89.65M	63.25M	140.24M	94.63M	90.78M	120.08M	158.51M	64.06M
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%
Net Income	62.31M	50.89M	40.77M	44.52M	50.33M	74.05M	72.88M	64.09M	53.83M
Depreciation & Amortization	30.76M	37.05M	38.28M	38.29M	43.39M	53.16M	46.61M	55.56M	61.93M
Stock-Based Compensation	5.49M	7.71M	9.34M	23.12M	25.61M	23.11M	25.59M	23.31M	29.54M
Deferred Taxes	-2.56M	-6.08M	-4.33M	-4.11M	-3.94M	-18.65M	-14.73M	-15.91M	-8.85M
Other Non-Cash Items	-18.77M	3M	6.63M	-1.12M	6.25M	3.85M	11.05M	12.55M	2.74M
Working Capital Changes	-13.85M	-2.93M	-27.44M	39.54M	-27.01M	-44.74M	-21.33M	18.92M	-75.13M
Change in Receivables	-2.08M	-1.16M	-3.6M	18.03M	-25.36M	-23.25M	-127K	-6.19M	-27.27M
Change in Inventory	-13.59M	-15.6M	-7.4M	22.1M	-19.08M	-48.55M	11.37M	4.78M	-36.1M
Change in Payables	8.99M	11.24M	-14.8M	-14.48M	24.52M	30.33M	-20.45M	13.06M	3.71M
Cash from Investing	-177.38M	-45.59M	-63.84M	-13.16M	-306.7M	-42.54M	-19.89M	-208.19M	-74.32M
Capital Expenditures	-9.09M	-14.66M	-10.74M	-10.52M	-22.18M	-19.64M	-19.96M	-17.16M	-15.63M
CapEx % of Revenue	1.74%	2.39%	1.72%	1.78%	3.14%	2.28%	2.26%	1.81%	1.59%
Acquisitions	-168.33M	-29.6M	-53.14M	0	-284.73M	-21.57M	0	-191.2M	-64.29M
Investments	-	-	-	-	-	-	-	-	-
Other Investing	46K	-1.33M	42K	-2.63M	200K	-1.33M	69K	173K	5.6M
Cash from Financing	143.33M	-60.16M	-3.94M	-84.36M	204.75M	-60.15M	-97.85M	56.94M	276.33M
Debt Issued (Net)	149.84M	-19.39M	16.1M	-35.39M	238.88M	10.91M	-86.55M	66.93M	-287.63M
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	0	-1000K	0	0	1000K
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-370K	-5.85M	-10M	-5.5M	0	-10M	0	0	-39.28M
Other Financing	-4.05M	-31.36M	-3.1M	-43.47M	-34.12M	-49.34M	-11.3M	-9.99M	-11.15M
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%
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%
FCF Margin %	10.41%	12.21%	8.39%	21.96%	10.25%	8.26%	11.36%	14.89%	4.94%
FCF Growth %	38.04%	38.14%	-29.98%	147.05%	-44.15%	-1.81%	40.74%	41.19%	-65.74%
FCF per Share	1.54	2.11	1.48	3.64	2.02	1.98	2.78	3.91	1.32
FCF Conversion (FCF/Net Income)	1.06x	1.83x	1.55x	3.15x	1.88x	1.23x	1.65x	2.47x	1.19x
Interest Paid	5.83M	8.92M	8.39M	5.53M	6.21M	14.26M	25.3M	32.67M	0
Taxes Paid	21.12M	20.32M	14.26M	5.88M	11.3M	20.29M	36.9M	21.15M	0

NOVT Key Ratios

Novanta Inc. (NOVT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	8.74%	19.45%	13.52%	10.38%	9.96%	10.09%	13.48%	11.65%	9.03%	5.23%
Return on Invested Capital (ROIC)	8.73%	11.22%	10.8%	7.49%	6.87%	6.39%	8.29%	8.54%	7.99%	7.36%
Gross Margin	42.22%	42.3%	42.57%	41.86%	41.4%	42.49%	43.96%	45.36%	44.41%	44.39%
Net Margin	5.72%	11.52%	7.99%	6.51%	7.54%	7.12%	8.6%	8.27%	6.75%	5.49%
Debt / Equity	0.33x	0.65x	0.56x	0.66x	0.53x	0.95x	0.85x	0.60x	0.63x	0.26x
Interest Coverage	7.23x	8.03x	7.24x	6.51x	8.51x	8.67x	6.60x	4.28x	3.51x	5.43x
FCF Conversion	2.17x	1.06x	1.83x	1.55x	3.15x	1.88x	1.23x	1.65x	2.47x	1.19x
Revenue Growth	2.99%	35.49%	17.85%	1.91%	-5.67%	19.67%	21.8%	2.41%	7.67%	3.3%

NOVT SEC Filings & Documents

Novanta Inc. (NOVT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Feb 23, 2026·SEC

Material company update

Dec 1, 2025·SEC

Material company update

Nov 13, 2025·SEC

10-K Annual Reports

FY 2026

Feb 23, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 3, 2025·SEC

FY 2025

Aug 5, 2025·SEC

FY 2025

May 6, 2025·SEC

NOVT Frequently Asked Questions

Novanta Inc. (NOVT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Novanta Inc. (NOVT) reported $980.6M in revenue for fiscal year 2025. This represents a 580% 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 $53.8M 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 $48.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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