Novanta Inc. (NOVT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NOVT Revenue Growth
Revenue Breakdown (FY 2025)
NOVT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NOVT Revenue Analysis (2014–2025)
As of May 8, 2026, Novanta Inc. (NOVT) generated trailing twelve-month (TTM) revenue of $980.6 million, reflecting solid growth of +8.5% year-over-year. The most recent quarter (Q4 2025) recorded $258.3 million in revenue, up 4.2% sequentially.
Looking at the longer-term picture, NOVT's 5-year compound annual growth rate (CAGR) stands at +10.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $980.6 million in 2025, representing a new all-time high.
Revenue diversification analysis shows NOVT's business is primarily driven by Robotics and Automation (32%), Advanced Surgery (25%), and Precision Medicine (24%).
When compared to Technology sector peers including MKSI (+11.5% YoY), CGNX (+13.8% YoY), and COHR (+32257.9% YoY), NOVT has underperformed the peer group in terms of revenue growth. Compare NOVT vs MKSI →
NOVT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NOVTCurrent | $981M | +8.5% | +10.7% | 11.9% | |
 MKSI | $3.9B | +11.5% | +11.0% | 14.4% | |
 CGNX | $994M | +13.8% | +4.2% | 16.3% | |
 COHR | $5.8B | +32257.9% | +19.5% | 9.4% | |
 KLIC | $654M | +11.2% | +1.0% | -0.5% | |
 IPGP | $1.0B | +9.3% | -3.5% | 1.3% |
NOVT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $980.6M | +3.3% | $435.3M | 44.4% | $116.7M | 11.9% |
| 2024 | $949.2M | +7.7% | $421.5M | 44.4% | $110.6M | 11.6% |
| 2023 | $881.7M | +2.4% | $399.9M | 45.4% | $110.5M | 12.5% |
| 2022 | $860.9M | +21.8% | $378.5M | 44.0% | $103.1M | 12.0% |
| 2021 | $706.8M | +19.7% | $300.3M | 42.5% | $64.1M | 9.1% |
| 2020 | $590.6M | -5.7% | $244.5M | 41.4% | $55.9M | 9.5% |
| 2019 | $626.1M | +1.9% | $262.1M | 41.9% | $55.3M | 8.8% |
| 2018 | $614.3M | +17.8% | $261.5M | 42.6% | $71.0M | 11.6% |
| 2017 | $521.3M | +35.5% | $220.5M | 42.3% | $57.6M | 11.0% |
| 2016 | $384.8M | +3.0% | $162.5M | 42.2% | $33.0M | 8.6% |
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Start ComparisonNOVT — Frequently Asked Questions
Quick answers to the most common questions about buying NOVT stock.
Is NOVT's revenue growth accelerating or slowing?
NOVT maintains +8.5% revenue growth, in line with its 5-year CAGR of +10.7%. TTM revenue stands at $981M. Growth rate remains consistent with historical average.
What is NOVT's long-term revenue growth rate?
Novanta Inc.'s 5-year revenue CAGR of +10.7% reflects the sustained expansion pattern. Current YoY growth of +8.5% is near this long-term average.
How is NOVT's revenue distributed by segment?
NOVT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.