Last 48 quarters of trend data · Technology · Hardware, Equipment & Parts
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Novanta Inc.'s quarterly P/E stands at 57.4x, up 4.9% year-over-year. EV/EBITDA has compressed 7.3% YoY to 26.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 105.65 | 57.37 | 66.11 | 84.19 | 270.83 | 54.69 | 83.03 | 83.24 | 107.31 | 106.57 | 120.29 | 60.78 | 79.35 |
| — | +4.9% | -20.4% | +1.1% | +152.4% | -48.7% | -31.0% | +37.0% | +35.2% | +36.7% | +48.7% | +32.4% | +30.1% | |
| P/S Ratio | 5.64 | 4.67 | 4.45 | 3.67 | 4.86 | 5.00 | 5.80 | 6.52 | 6.24 | 6.84 | 7.18 | 5.83 | 7.23 |
| — | -6.5% | -23.2% | -43.7% | -22.0% | -26.9% | -19.2% | +11.8% | -13.7% | +4.6% | +28.2% | +25.2% | +44.9% | |
| P/B Ratio | 4.34 | 3.67 | 3.50 | 4.54 | 5.85 | 6.06 | 7.41 | 8.59 | 8.39 | 9.26 | 9.02 | 8.02 | 10.60 |
| — | -39.4% | -52.7% | -47.1% | -30.2% | -34.6% | -17.9% | +7.2% | -20.9% | -3.3% | +6.5% | +4.6% | +31.2% | |
| P/FCF | 114.20 | 26.08 | 224.17 | 216.12 | 100.35 | 42.55 | 23.28 | 81.89 | 40.70 | 59.76 | 46.35 | 34.15 | 72.51 |
| — | -38.7% | +863.1% | +163.9% | +146.5% | -28.8% | -49.8% | +139.8% | -43.9% | -72.3% | +64.9% | -63.9% | +10.8% | |
| EV / EBITDA | 30.75 | 26.63 | 23.88 | 22.93 | 29.57 | 28.72 | 35.79 | 36.38 | 39.70 | 44.05 | 47.97 | 32.96 | 39.68 |
| — | -7.3% | -33.3% | -37.0% | -25.5% | -34.8% | -25.4% | +10.4% | +0.1% | +9.5% | +48.0% | +25.3% | +35.4% | |
| EV / EBIT | 47.07 | 39.14 | 37.17 | 35.56 | 46.33 | 41.72 | 44.42 | 48.48 | 55.96 | 60.87 | 60.60 | 39.51 | 52.38 |
| — | -6.2% | -16.3% | -26.6% | -17.2% | -31.5% | -26.7% | +22.7% | +6.8% | +14.5% | +13.0% | +6.7% | +5.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Novanta Inc.'s operating margin was 11.7% in Q1 2026, down 0.2 pp QoQ and down 1.1 pp YoY.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.6% | 41.8% | 40.7% | 42.0% | 41.4% | 42.3% | 45.5% | 44.7% | 44.0% | 43.5% | 45.6% | 45.9% | 45.4% |
| — | -1.2% | -10.5% | -6.1% | -5.8% | -2.6% | -0.4% | -2.6% | -3.1% | -2.4% | +11.7% | +11.2% | +11.0% | |
| Operating Margin | 11.9% | 11.7% | 11.9% | 11.5% | 11.4% | 12.8% | 11.2% | 13.3% | 10.9% | 11.1% | 10.2% | 13.7% | 14.0% |
| — | -8.9% | +5.9% | -13.6% | +4.6% | +15.8% | +9.5% | -2.7% | -22.3% | -7.6% | -21.7% | +0.7% | +16.5% | |
| Net Margin | 5.5% | 8.2% | 6.8% | 4.3% | 1.9% | 9.1% | 6.9% | 7.9% | 5.8% | 6.4% | 5.9% | 9.6% | 9.1% |
| — | -9.9% | -2.2% | -45.3% | -68.0% | +43.0% | +17.0% | -18.0% | -35.9% | -23.8% | -15.4% | -5.0% | +12.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.2% | 1.6% | 1.7% | 1.3% | 0.6% | 2.8% | 2.2% | 2.7% | 2.0% | 2.2% | 1.9% | 3.3% | 3.4% |
| — | -42.6% | -25.4% | -50.0% | -71.2% | +29.2% | +16.6% | -20.4% | -41.7% | -30.3% | -30.4% | -20.2% | +4.1% | |
| ROA | 3.4% | 1.2% | 1.1% | 0.7% | 0.3% | 1.5% | 1.2% | 1.4% | 1.0% | 1.1% | 1.0% | 1.7% | 1.7% |
| — | -23.5% | -10.1% | -48.2% | -68.3% | +37.4% | +13.5% | -22.1% | -42.3% | -24.8% | -17.1% | -6.2% | +17.2% | |
| ROIC | 7.4% | 1.8% | 1.8% | 1.8% | 1.8% | 2.0% | 1.8% | 2.1% | 1.7% | 1.8% | 1.7% | 2.3% | 2.4% |
| — | -10.7% | +4.5% | -16.6% | +6.3% | +12.9% | +5.8% | -8.2% | -30.9% | -10.6% | -25.1% | -6.0% | +12.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Novanta Inc.'s Debt/EBITDA ratio is 6.6x, down from 7.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 39.2% YoY to 3.56x, strengthening the short-term liquidity position. Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.22 | 0.26 | 0.63 | 0.64 | 0.57 | 0.63 | 0.69 | 0.77 | 0.84 | 0.60 | 0.63 | 0.74 |
| — | -61.3% | -58.8% | -9.0% | -16.3% | -31.3% | +5.1% | +10.6% | +3.7% | +5.1% | -29.1% | -31.6% | -15.2% | |
| Debt / EBITDA | 1.91 | 6.58 | 7.15 | 11.42 | 11.92 | 10.17 | 11.47 | 11.01 | 13.49 | 14.80 | 12.18 | 9.69 | 10.47 |
| — | -35.3% | -37.6% | +3.7% | -11.6% | -31.3% | -5.8% | +13.6% | +28.8% | +18.3% | +1.4% | -15.3% | -10.1% | |
| Current Ratio | 3.69 | 3.56 | 3.69 | 2.51 | 2.54 | 2.56 | 2.58 | 2.79 | 2.77 | 2.83 | 2.98 | 2.83 | 3.05 |
| — | +39.2% | +42.6% | -10.2% | -8.2% | -9.6% | -13.4% | -1.3% | -9.2% | -0.4% | +16.7% | +9.6% | +51.4% | |
| Quick Ratio | 2.80 | 2.69 | 2.80 | 1.54 | 1.62 | 1.70 | 1.72 | 1.81 | 1.73 | 1.77 | 1.91 | 1.72 | 1.85 |
| — | +57.9% | +62.5% | -14.6% | -6.3% | -3.6% | -9.8% | +5.3% | -6.7% | +5.6% | +24.5% | +10.8% | +49.4% | |
| Interest Coverage | 5.43 | 16.36 | 7.67 | 4.74 | 4.73 | 5.31 | 4.80 | 4.34 | 3.42 | 3.38 | 4.44 | 5.15 | 4.91 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying NOVT stock.
Novanta Inc.'s current P/E is 105.6x. The average P/E over the last 4 quarters is 119.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Novanta Inc.'s current operating margin is 11.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Novanta Inc.'s business trajectory between earnings reports.