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Stock research / United States / NOVT · Miscellaneous Electrical Machinery, Equipment & Supplies · Nasdaq

Novanta Inc. (NOVT)

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Novanta Inc. (NOVT) reported revenue of $266 million for Q2 FY2026, the quarter ended 3 July 2026, up 10.3% on the same quarter a year earlier. Net income was $13 million, up 178.9% on the year, and diluted earnings per share $0.30. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$266 millionup 10.3%
Net income$13 millionup 178.9%
Diluted EPS$0.30
QuarterQ2 FY2026ended 3 July 2026

Novanta (NOVT) in brief

Novanta (NOVT) reported revenue of $981 million for fiscal 2025, the year ended 31 December 2025, up 3.3% on the year before.
Read moreNet income was $54 million and diluted earnings per share $1.47. Revenue was $949 million in fiscal 2024, $882 million in fiscal 2023, $861 million in fiscal 2022 and $707 million in fiscal 2021. Net income in the same years was $64 million, $73 million, $74 million and $50 million. Over the twelve months to 3 July 2026, Novanta reported revenue of $1.0 billion and net income of $62 million. Revenue grew 10.7% a year, compounded, over the five years to fiscal 2025. Novanta had 38 million shares outstanding at the latest filed count. At 3 July 2026 it carried $230 million of debt and $719 million of cash. At the close of 8 October 2026 the market cap of Novanta was $5.2 billion, 87.4 times its earnings over the last twelve months.

Ratios

From the filings

ROE3.8%
ROCE5.0%
Operating margin9.0%
Net margin6.0%
FCF margin11.1%
Interest covern/a
Debt to equity0.14
Cash conversion2.17
Share count, 1 year5.1%
Sales CAGR, 3 years4.4%
Profit CAGR, 3 years-10.1%
EPS, TTM$1.56

At the close of 8 October 2026

Price$136.33
Market cap$5.2 billion
Stock P/E87.39
Price to book3.19
EV / EBITDA30.33
Dividend yieldn/a
Market cap / sales5.01
52-week high$168.75
52-week low$99.22
Price, 1 year32.8%
Price CAGR, 3 years-1.9%
Price CAGR, 5 years-3.3%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on the total debt Novanta Inc. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
NOVTgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on NOVT

Filings21 in twelve months: 13 current reports (8-K), about 4 results of operations; 4 regulation fd disclosure; 4 material agreement; 3 new financial obligation; 1 acquisition or disposition completed
Planned insider sales15 Form 144 notices in twelve months, $15.7 million; latest 11 September 2026
Options tapeput/call 2.66 by open interest at the 8 October 2026 close; the straddle prices a 5.7% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Geode Capital Management; 7 Schedule 13D or 13G filings in twelve months
Insider trading45 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest5.0 million shares short, 17.44 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue222212231236244238233241248258258266
Cost of revenue120115130132135130129134137145144145
Gross profit10296.6100104109108104107111113114121
Gross margin46%46%43%44%45%45%45%44%45%44%44%45%
R&D22.023.523.223.723.325.323.225.324.122.923.324.0
SG&A39.641.743.544.844.343.345.647.151.451.654.460.0
Operating income30.321.725.625.732.626.732.414.921.824.827.518.1
Operating margin14%10%11%11%13%11%14%6%9%10%11%7%
Pre-tax income23.015.716.917.124.220.826.45.815.821.726.415.9
Tax rate8%21%13%20%21%21%20%22%32%19%20%21%
Net income21.212.514.713.819.216.521.24.510.717.521.112.5
Net margin10%6%6%6%8%7%9%2%4%7%8%5%
Diluted EPS$0.59$0.35$0.41$0.38$0.53$0.46$0.59$0.12$0.30$0.45$0.51$0.30
Operating cash flow44.639.032.841.123.061.631.715.18.58.851.664.9
Capital expenditure6.86.26.44.93.62.24.33.44.33.74.17.5
Free cash flow37.832.826.436.219.559.327.411.74.25.147.557.5
Buybacksn/an/an/an/an/an/a6.20.014.119.118.60.0
Shares outstanding36m36m36m36m36m36m36m36m36m36m36m38m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue3653743855216146265917078618829499811,030
Cost of revenue215216222301353364346406482482528545571
Gross profit150158162221262262245300378400422435459
Gross margin41.2%42.3%42.2%42.3%42.6%41.9%41.4%42.5%44.0%45.4%44.4%44.4%44.5%
Research and development29.031.032.041.751.056.061.072.585.891.795.595.594.2
Selling, general and administrative84.482.081.3102116118110129159164176196217
Operating income-16.828.933.057.671.055.355.964.110311011194.092.3
Operating margin-4.6%7.7%8.6%11.0%11.6%8.8%9.5%9.1%12.0%12.5%11.6%9.6%9.0%
Pre-tax income-17.946.032.576.161.345.848.456.287.283.779.169.679.7
Income tax-1.010.410.513.810.25.03.95.813.110.915.015.817.9
Effective tax raten/a22.6%32.3%18.2%16.7%10.9%8.0%10.4%15.0%13.0%18.9%22.7%22.5%
Net income-24.335.622.060.149.140.844.550.374.172.964.153.861.8
Net margin-6.6%9.5%5.7%11.5%8.0%6.5%7.5%7.1%8.6%8.3%6.8%5.5%6.0%
Diluted EPS-$0.70$1.02$0.63$1.13$1.43$1.15$1.25$1.41$2.06$2.02$1.77$1.47$1.56
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Automation Enabling Technologies49949150151.1%
Medical Solutions38245948048.9%
Automation Enabling TechnologiesMedical Solutions
882FY2023949FY2024981FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States41848751952.9%
Rest Of Europe13712913714.0%
Germany12812311511.7%
Rest of Asia-Pacific10510797.09.9%
China73.484.693.29.5%
Other Countries19.318.419.32.0%
United StatesRest Of EuropeGermanyRest of Asia-PacificChinaOther Countries
882FY2023949FY2024981FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow42.333.447.863.489.663.214094.690.812015964.1134
Capital expenditure5.45.68.59.114.710.710.520.019.620.017.215.619.6
Free cash flow36.927.939.354.375.052.513074.671.110014148.4114
Free cash flow margin10.1%7.5%10.2%10.4%12.2%8.4%22.0%10.6%8.3%11.4%14.9%4.9%11.1%
Cash from investing-89.8-1.6-12.9-177-45.6-63.8-13.2-307-42.5-19.9-208-74.3-20.3
Cash from financing40.3-21.5-23.2143-60.2-3.9-84.4205-60.2-97.956.9276495
Depreciation and amortisation24.420.221.030.837.138.338.343.453.246.655.661.961.6
Share-based compensation4.34.44.35.57.79.323.125.623.125.623.329.534.6
Buybacksn/a1.61.60.45.810.05.5n/a10.0n/an/a39.351.8
Diluted shares, weighted34m35m35m35m35m36m36m36m36m36m36m37m41m
Shares outstanding at period end34m34m34m35m35m35m35m36m36m36m36m36m38m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity2112452593123684174775215786737461,3141,616
Non-controlling interest0.4n/an/an/an/an/an/an/an/an/an/an/an/a
Redeemable equityn/an/an/a46.9n/an/an/an/an/an/an/an/an/a
Debt11295.877.9235207220200434435354417251230
Operating lease liabilitiesn/an/an/an/an/a34.132.845.740.837.340.538.943.3
Finance lease liabilitiesn/an/an/an/a7.314.85.95.34.73.93.22.31.9
Other liabilities72.775.588.8134137183149221183157182201248
Total liabilities and equity3964164267277208708651,2281,2411,2261,3891,8072,140
Owned
Fixed assets40.140.535.461.765.577.678.787.4103109113118120
Goodwill90.7103108211218275286480479485584647642
Intangible assets67.266.361.7155143166149221176145186181160
Cash and equivalents51.160.068.110082.078.9125117100105114381719
Receivables51.557.263.881.584.091.175.1116138139151185179
Inventory62.959.659.791.310511792.7126168149145188193
Other assets32.629.128.726.122.864.759.281.377.693.295.8106127
Total assets3964164267277208708651,2281,2411,2261,3891,8072,140
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded10.1%10.7%4.4%7.6%
Profit growth, compounded4.2%3.9%-10.1%0.7%
Return on equity, average10.6%9.2%7.8%4.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Electrical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
General Electric Co. GE$317.1 billion36.3850.9%18.1%21.7%1.090.5%
GE Vernova Inc. GEV$265.6 billion28.5479.7%4.3%13.0%0.230.1%
Emerson Electric Co. EMR$88.7 billion34.8112.7%n/a4.8%0.371.4%
Bloom Energy Corp. BE$80.0 billion358.9715.2%11.2%91.0%1.54n/a
Otis Worldwide Corp. OTIS$25.2 billion16.99n/a15.4%5.2%n/a2.5%
Woodward, Inc. WWD$19.1 billion35.9822.3%n/a22.3%0.250.3%
Generac Holdings Inc. GNRC$13.2 billion51.719.0%9.5%0.6%0.410.0%
Littelfuse Inc. LFUS$10.8 billionn/a-0.3%3.7%15.4%0.240.7%
Acuity Inc. (De) AYI$9.0 billion19.9216.6%14.5%10.5%0.240.2%
EnerSys ENS$6.6 billion19.5417.9%13.0%3.7%0.510.6%
Novanta Inc. NOVT$5.2 billion87.393.8%9.0%7.6%0.14n/a
1 company shares its SEC industry code (Miscellaneous Electrical Machinery, Equipment & Supplies); the rest are the names nearest in size in its wider industry, Electrical Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q3 July 20265 August 2026EDGAR
10-Q3 April 202611 May 2026EDGAR
10-K31 December 202523 February 2026EDGAR
10-Q26 September 20253 November 2025EDGAR
10-Q27 June 20255 August 2025EDGAR
10-Q28 March 20256 May 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q27 September 20245 November 2024EDGAR
10-Q28 June 20246 August 2024EDGAR
10-Q29 March 20247 May 2024EDGAR

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