Last 5 quarters of trend data
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Novanta Inc. Tangible Equity Units's quarterly P/E stands at 26.3x.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 |
|---|---|---|---|---|---|---|
| P/E Ratio → | 44.82 | 26.29 | — | — | — | — |
| — | — | — | — | — | — | |
| P/S Ratio | 2.39 | 2.14 | — | — | — | — |
| — | — | — | — | — | — | |
| P/B Ratio | 1.84 | 1.68 | — | — | — | — |
| — | — | — | — | — | — | |
| P/FCF | 48.44 | 11.95 | — | — | — | — |
| — | — | — | — | — | — | |
| EV / EBITDA | 12.92 | 11.91 | — | — | — | — |
| — | — | — | — | — | — | |
| EV / EBIT | 19.77 | 17.50 | — | — | — | — |
| — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Novanta Inc. Tangible Equity Units's operating margin was 11.7% in Q1 2026, down 0.2 pp QoQ and down 2.2 pp YoY. The trailing four-quarter average of 9.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 6.5% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 |
|---|---|---|---|---|---|---|
| Gross Margin | 41.6% | 41.8% | 40.7% | 44.8% | 44.3% | 44.7% |
| — | -6.5% | — | — | — | — | |
| Operating Margin | 11.9% | 11.7% | 11.9% | 8.8% | 6.2% | 13.9% |
| — | -15.8% | — | — | — | — | |
| Net Margin | 5.5% | 8.2% | 6.8% | 4.3% | 1.9% | 9.1% |
| — | -9.9% | — | — | — | — |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 |
|---|---|---|---|---|---|---|
| ROE | 4.1% | 1.6% | 1.7% | 1.3% | 0.6% | 2.8% |
| — | -41.7% | — | — | — | — | |
| ROA | 3.0% | 1.2% | 1.1% | 0.7% | 0.3% | 1.5% |
| — | -23.6% | — | — | — | — | |
| ROIC | 6.9% | 1.8% | 1.8% | 1.4% | 1.0% | 2.2% |
| — | -17.3% | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Novanta Inc. Tangible Equity Units's Debt/EBITDA ratio is 6.6x, down from 7.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 20.4% 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 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.22 | 0.26 | 0.63 | 0.64 | 0.57 |
| — | -61.3% | — | — | — | — | |
| Debt / EBITDA | 1.91 | 6.58 | 7.15 | 13.45 | 16.84 | 9.62 |
| — | -31.7% | — | — | — | — | |
| Current Ratio | 3.69 | 3.56 | 3.69 | 2.51 | 2.54 | 2.96 |
| — | +20.4% | — | — | — | — | |
| Quick Ratio | 2.80 | 2.69 | 2.80 | 1.54 | 1.62 | 1.97 |
| — | +36.6% | — | — | — | — | |
| Interest Coverage | 5.43 | 16.36 | 7.67 | 3.62 | 4.73 | 5.31 |
| — | — | — | — | — | — |
Includes 30+ ratios · 5 years · Updated daily
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Quick answers to the most common questions about buying NOVTU stock.
Novanta Inc. Tangible Equity Units's current P/E is 44.8x. The average P/E over the last 1 quarters is 26.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Novanta Inc. Tangible Equity Units'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. Tangible Equity Units's business trajectory between earnings reports.