Last 47 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 66.1x, down 20.4% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 50.6% YoY to 17.7x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 94.49 | 66.11 | 84.19 | 270.83 | 54.69 | 83.03 | 83.24 | 107.31 | 106.57 | 120.29 | 60.78 | 79.35 | 77.99 |
| — | -20.4% | +1.1% | +152.4% | -48.7% | -31.0% | +37.0% | +35.2% | +36.7% | +48.7% | +32.4% | +30.1% | +17.1% | |
| P/S Ratio | 5.05 | 4.45 | 3.67 | 4.86 | 5.00 | 5.80 | 6.52 | 6.24 | 6.84 | 7.18 | 5.83 | 7.23 | 6.53 |
| — | -23.2% | -43.7% | -22.0% | -26.9% | -19.2% | +11.8% | -13.7% | +4.6% | +28.2% | +25.2% | +44.9% | +5.6% | |
| P/B Ratio | 3.88 | 3.50 | 4.54 | 5.85 | 6.06 | 7.41 | 8.59 | 8.39 | 9.26 | 9.02 | 8.02 | 10.60 | 9.58 |
| — | -52.7% | -47.1% | -30.2% | -34.6% | -17.9% | +7.2% | -20.9% | -3.3% | +6.5% | +4.6% | +31.2% | +1.3% | |
| P/FCF | 102.31 | 224.17 | 216.12 | 100.35 | 42.55 | 23.28 | 81.89 | 40.70 | 59.76 | 46.35 | 34.15 | 72.51 | 216.12 |
| — | +863.1% | +163.9% | +146.5% | -28.8% | -49.8% | +139.8% | -43.9% | -72.3% | +64.9% | -63.9% | +10.8% | -13.8% | |
| EV / EBITDA | 27.52 | 17.67 | 27.01 | 41.76 | 27.18 | 35.79 | 36.38 | 39.70 | 44.05 | 47.97 | 32.96 | 39.68 | 40.22 |
| — | -50.6% | -25.8% | +5.2% | -38.3% | -25.4% | +10.4% | +0.1% | +9.5% | +48.0% | +25.3% | +35.4% | +8.7% | |
| EV / EBIT | 42.13 | 44.43 | 46.59 | 46.33 | 41.72 | 44.42 | 48.48 | 55.96 | 60.87 | 60.60 | 39.51 | 52.38 | 53.15 |
| — | +0.0% | -3.9% | -17.2% | -31.5% | -26.7% | +22.7% | +6.8% | +14.5% | +13.0% | +6.7% | +5.7% | -6.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Novanta Inc.'s operating margin was 18.4% in Q4 2025, up 9.6 pp QoQ and up 7.2 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 11.8% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 3.6% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.4% | 43.8% | 44.8% | 44.3% | 44.7% | 45.5% | 44.7% | 44.0% | 43.5% | 45.6% | 45.9% | 45.4% | 44.6% |
| — | -3.6% | +0.2% | +0.7% | +2.8% | -0.4% | -2.6% | -3.1% | -2.4% | +11.7% | +11.2% | +11.0% | +9.7% | |
| Operating Margin | 11.9% | 18.4% | 8.8% | 6.2% | 13.9% | 11.2% | 13.3% | 10.9% | 11.1% | 10.2% | 13.7% | 14.0% | 12.0% |
| — | +63.8% | -33.8% | -43.3% | +25.3% | +9.5% | -2.7% | -22.3% | -7.6% | -21.7% | +0.7% | +16.5% | +8.2% | |
| Net Margin | 5.5% | 6.8% | 4.3% | 1.9% | 9.1% | 6.9% | 7.9% | 5.8% | 6.4% | 5.9% | 9.6% | 9.1% | 8.3% |
| — | -2.2% | -45.3% | -68.0% | +43.0% | +17.0% | -18.0% | -35.9% | -23.8% | -15.4% | -5.0% | +12.1% | -9.6% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.2% | 1.7% | 1.3% | 0.6% | 2.8% | 2.2% | 2.7% | 2.0% | 2.2% | 1.9% | 3.3% | 3.4% | 3.1% |
| — | -25.4% | -50.0% | -71.2% | +29.2% | +16.6% | -20.4% | -41.7% | -30.3% | -30.4% | -20.2% | +4.1% | -12.8% | |
| ROA | 3.4% | 1.1% | 0.7% | 0.3% | 1.5% | 1.2% | 1.4% | 1.0% | 1.1% | 1.0% | 1.7% | 1.7% | 1.5% |
| — | -10.1% | -48.2% | -68.3% | +37.4% | +13.5% | -22.1% | -42.3% | -24.8% | -17.1% | -6.2% | +17.2% | -4.2% | |
| ROIC | 7.4% | 2.9% | 1.4% | 1.0% | 2.2% | 1.8% | 2.1% | 1.7% | 1.8% | 1.7% | 2.3% | 2.4% | 2.0% |
| — | +61.7% | -36.2% | -42.3% | +22.2% | +5.8% | -8.2% | -30.9% | -10.6% | -25.1% | -6.0% | +12.7% | +7.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Novanta Inc.'s Debt/EBITDA ratio is 5.3x, down from 13.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 42.6% YoY to 3.69x, strengthening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.26 | 0.63 | 0.64 | 0.57 | 0.63 | 0.69 | 0.77 | 0.84 | 0.60 | 0.63 | 0.74 | 0.80 |
| — | -58.8% | -9.0% | -16.3% | -31.3% | +5.1% | +10.6% | +3.7% | +5.1% | -29.1% | -31.6% | -15.2% | -10.4% | |
| Debt / EBITDA | 1.91 | 5.29 | 13.45 | 16.84 | 9.62 | 11.47 | 11.01 | 13.49 | 14.80 | 12.18 | 9.69 | 10.47 | 12.51 |
| — | -53.9% | +22.2% | +24.8% | -35.0% | -5.8% | +13.6% | +28.8% | +18.3% | +1.4% | -15.3% | -10.1% | -3.3% | |
| Current Ratio | 3.69 | 3.69 | 2.51 | 2.54 | 2.56 | 2.58 | 2.79 | 2.77 | 2.83 | 2.98 | 2.83 | 3.05 | 2.84 |
| — | +42.6% | -10.2% | -8.2% | -9.6% | -13.4% | -1.3% | -9.2% | -0.4% | +16.7% | +9.6% | +51.4% | +38.6% | |
| Quick Ratio | 2.80 | 2.80 | 1.54 | 1.62 | 1.70 | 1.72 | 1.81 | 1.73 | 1.77 | 1.91 | 1.72 | 1.85 | 1.67 |
| — | +62.5% | -14.6% | -6.3% | -3.6% | -9.8% | +5.3% | -6.7% | +5.6% | +24.5% | +10.8% | +49.4% | +29.6% | |
| Interest Coverage | 5.43 | 11.87 | 3.63 | 2.56 | 5.74 | 3.88 | 4.03 | 3.11 | 3.10 | 3.66 | 4.49 | 4.73 | 4.16 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Novanta Inc.'s current P/E is 94.5x. The average P/E over the last 4 quarters is 119.0x. 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.