Novanta Inc. NOVT R2K
Technology · Scientific & Technical Instruments · United States
Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. The company operates Automation Enabling Technologies and Medical Solutions segments. The Precision Medicine and Manufacturing segment designs, manufactures, and markets laser beam steering and scanning solutions, laser sources, robotic and precision motion, robotic end-of-arm tooling, and bearing spindles. This segment serves advanced industrial processes, advanced industrial and medical robotics, other medical and life science automation applications, and medical laser procedures, such as ophthalmology applications. The Medical Solutions segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; imaging, identification and RFID solutions; advanced motion control solutions; and light engines, and integrated operating room technologies. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is based in Bedford, Massachusetts.
READ MORE ›$159.33
+28.68% 1Y
Market & Price
Market Cap
$5.67B
Current Price
$159.33
High / Low (52W)
$163.29 / $99.22
Beta
1.62
Valuation
Stock P/E
114.63
Industry PE
32.74
Forward P/E
38.45
PEG Ratio
-
Book Value
$36.81
Price to Book
4.33
P/S
5.65
EV/EBITDA
31.19
Dividend Yield
-
Profitability & Returns
ROCE
7.32%
ROE
5.16%
ROA
4.56%
Profit Margin
5.35%
Op Margin
11.70%
EPS (Latest Qtr)
$0.51
EPS (TTM)
$1.39
Balance Sheet & Liquidity
Debt/Equity
0.22
Quick Ratio
2.55
Current Ratio
3.56
Debt
$291.34M
Total Assets
$1.81B
Current Assets
$782.60M
Working Capital
$570.23M
Ownership
Promoter Holding
0.79%
Chg in Prom Hold
-
FII / Inst Holding
119.38%
Chg in FII Hold
0.00%
Financial Snapshot
Enterprise Value
$5.58B
Total Revenue (TTM)
$1.00B
EBITDA
$178.81M
Free Cash Flow
$87.25M
Operating Cash Flow
$83.98M
Shares Outstanding
35.61M
Gross Margin
44.23%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
4.43%
Profit 5Y
-10.09%
Revenue (YoY)
10.40%
Earnings (YoY)
-13.40%
PROS
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 114.6.
- Earnings shrank at -10.1% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NOVT Novanta Inc. R2K | 159.33 | 114.63 | $5.67B | - | 7.32% | 5.16% | 4.43% | -10.09% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
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Quarterly Results
Figures in USD.
| Metric | Jun 2014 | Sep 2014 | Dec 2014 | Apr 2015 | Jul 2015 | Oct 2015 | Dec 2015 | Apr 2016 | Jul 2016 | Sep 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Apr 2020 | Jul 2020 | Oct 2020 | Apr 2021 | Jul 2021 | Oct 2021 | Apr 2022 | Jul 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | 119.10M | 146.30M | 146.97M | 150.40M | 160.79M | 157.19M | 155.15M | 154.07M | 155.47M | 144.73M | 142.93M | 162.58M | 167.52M | 177.73M | 204.22M | 215.36M | 222.96M | 219.13M | 229.46M | 221.50M | 230.92M | 235.86M | 244.41M | 233.37M | 241.05M | 247.84M | 258.35M | 257.71M | 257.71M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 129.01M | 134.30M | 136.91M | 145.09M | 144.13M | - |
| Gross Profit | 38.65M | 39.68M | 39.73M | 40.01M | 41.34M | 39.91M | 36.63M | 36.89M | 41.50M | 41.21M | 46.09M | 53.49M | 58.71M | 62.16M | 65.23M | 69.63M | 66.29M | 65.78M | 64.05M | 64.44M | 58.70M | 59.10M | 68.74M | 72.41M | 76.30M | 90.28M | 95.25M | 98.41M | 97.63M | 104.12M | 101.59M | 100.42M | 103.69M | 109.22M | 104.35M | 106.75M | 110.92M | 113.26M | 113.58M | 113.58M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 74.39M | 79.26M | 82.40M | 82.57M | 83.43M | - |
| Operating Income | 6.48M | 6.82M | -34.18M | 5.40M | 10.31M | 9.01M | 4.21M | 2.59M | 7.60M | 11.05M | 10.34M | 15.75M | 12.41M | 17.23M | 17.11M | 21.00M | 14.39M | 15.11M | 12.80M | 13.25M | 13.70M | 11.87M | 11.10M | 15.99M | 15.28M | 24.28M | 23.29M | 28.66M | 26.31M | 32.20M | 30.31M | 25.61M | 25.71M | 32.55M | 29.97M | 27.48M | 28.52M | 30.69M | 30.14M | 27.54M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 43.53M | 43.06M | 44.24M | 47.77M | 44.30M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 26.42M | 5.79M | 15.76M | 21.68M | 26.35M | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.21M | 1.29M | 5.11M | 4.21M | 5.25M | - |
| Net Income | 725.00K | 4.53M | -30.48M | 3.45M | 19.50M | 6.57M | - | 1.91M | 4.87M | 7.47M | 34.25M | 9.40M | 7.53M | 11.91M | 11.00M | 14.55M | 12.25M | 10.38M | 8.92M | 11.95M | 11.66M | 8.26M | 11.31M | 11.66M | 13.60M | 18.82M | 17.48M | 22.49M | 18.27M | 20.88M | 21.22M | 14.68M | 13.76M | 19.19M | 21.21M | 4.50M | 10.65M | 17.47M | 21.10M | 21.10M |
| Diluted EPS | 0.02 | 0.13 | -0.88 | 0.10 | 0.56 | 0.19 | 0.18 | 0.05 | 0.14 | 0.21 | 0.98 | 0.16 | 0.00 | 0.18 | 0.32 | 0.60 | 0.35 | 0.29 | 0.25 | 0.34 | 0.33 | 0.23 | 0.32 | 0.33 | 0.38 | 0.53 | 0.49 | 0.63 | 0.51 | 0.58 | 0.59 | 0.41 | 0.38 | 0.53 | 0.59 | 0.12 | 0.30 | 0.45 | 0.51 | 0.51 |
| R&D Expense | 7.53M | 7.74M | 7.84M | 8.21M | 7.84M | 7.69M | 7.29M | 8.05M | 8.02M | 7.96M | 9.21M | 9.00M | 11.66M | 11.99M | 12.55M | 13.20M | 14.00M | 13.39M | 13.81M | 15.33M | 14.44M | 15.23M | 18.68M | 16.95M | 17.47M | 20.93M | 21.59M | 21.35M | 22.83M | 23.38M | 22.02M | 23.25M | 23.73M | 23.25M | 23.24M | 25.29M | 24.09M | - | - | 23.25M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 384.76M | 521.29M | 614.34M | 626.10M | 590.62M | 706.79M | 860.90M | 881.66M | 949.25M | 980.60M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 482.43M | 481.76M | 527.70M | 545.32M |
| Gross Profit | 98.55M | 130.61M | 133.10M | 105.52M | 132.23M | 150.17M | 157.89M | 162.45M | 220.53M | 261.53M | 262.08M | 244.52M | 300.33M | 378.47M | 399.90M | 421.55M | 435.28M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 271.01M | 276.59M | 297.25M | 318.62M |
| Operating Income | -20.24M | 36.03M | 35.85M | 20.26M | 19.45M | -16.81M | 28.93M | 32.95M | 57.57M | 71.01M | 55.28M | 55.89M | 64.05M | 107.46M | 123.31M | 124.29M | 116.66M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 160.62M | 169.92M | 179.86M | 178.60M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 87.16M | 83.75M | 79.07M | 69.64M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 13.11M | 10.87M | 14.98M | 15.81M |
| Net Income | -71.33M | -687.00K | 28.97M | 19.54M | 7.31M | -24.25M | 35.62M | 22.00M | 60.05M | 49.11M | 40.77M | 44.52M | 50.33M | 74.05M | 72.88M | 64.09M | 53.83M |
| Diluted EPS | -4.48 | -0.03 | 0.86 | 0.58 | 0.21 | -0.70 | 1.02 | 0.63 | 1.13 | 1.43 | 1.15 | 1.25 | 1.41 | 2.06 | 2.02 | 1.77 | 1.47 |
| R&D Expense | 28.25M | 22.30M | 23.45M | 18.53M | 23.79M | 28.95M | 31.04M | 32.00M | 41.67M | 51.02M | 55.97M | 61.00M | 72.52M | 85.77M | 91.68M | 95.52M | 95.48M |
Compounded Sales Growth
| 5 Years: | 4.43% |
| 1 Year: | 10.40% |
Compounded Profit Growth
| 5 Years: | -10.09% |
| 1 Year: | -13.40% |
Stock Price Performance
| 1 Year: | +28.68% |
| 6 Months: | +42.40% |
| 3 Months: | +18.52% |
| 1 Month: | +31.80% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 367.17M | 348.50M | 337.46M | 378.81M | 396.29M | 416.05M | 425.64M | 726.70M | 719.58M | 869.74M | 865.18M | - | 1.24B | 1.23B | 1.39B | 1.81B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 420.52M | 415.30M | 433.65M | 782.60M |
| Cash & Equivalents | 69.00M | 63.33M | 56.78M | 54.84M | 65.79M | 60.98M | 51.15M | 59.96M | 68.11M | 100.06M | 82.04M | 78.94M | 125.05M | - | 100.11M | 105.05M | 113.99M | 380.87M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 168.00M | 149.37M | 144.61M | 188.28M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 137.70M | 139.41M | 151.03M | 184.88M |
| Total Liabilities | - | - | 188.49M | 139.14M | 109.25M | 136.40M | 185.04M | 171.34M | 166.77M | 368.24M | 351.32M | 452.56M | 388.37M | - | 663.63M | 552.60M | 642.81M | 492.82M |
| Current Liabilities | - | - | 59.26M | 59.06M | 54.93M | 61.49M | 54.06M | 56.95M | 70.50M | 98.17M | 104.20M | 134.85M | 114.23M | - | 164.52M | 139.18M | 167.79M | 212.37M |
| Long Term Debt | - | - | 107.58M | 58.00M | 42.50M | 64.00M | 105.03M | 88.43M | 70.55M | 225.50M | 202.84M | 215.33M | 194.93M | - | 430.66M | 349.40M | 411.95M | 212.54M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 489.38M | 404.56M | 470.24M | 301.91M |
| Total Equity | - | - | 178.35M | 209.00M | 227.81M | 241.98M | 210.82M | 244.70M | 258.87M | 311.55M | 368.25M | 417.17M | 476.81M | - | 577.59M | 673.46M | 745.70M | 1.31B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 35.71M | 35.81M | 35.94M | 35.67M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -25.79M | -4.74M | 45.17M | 28.43M | 49.20M | 42.29M | 33.42M | 47.79M | 63.38M | 89.65M | 63.25M | 140.24M | - | 90.78M | 120.08M | 158.51M | 64.06M |
| Investing Cash Flow | 19.71M | 8.75M | -4.22M | 2.98M | -72.96M | -89.77M | -1.63M | -12.87M | -177.38M | -45.59M | -63.84M | -13.16M | - | -42.54M | -19.89M | -208.19M | -74.32M |
| Financing Cash Flow | - | -11.56M | -43.09M | -21.11M | 18.57M | 40.28M | -21.54M | -23.19M | 143.33M | -60.16M | -3.94M | -84.36M | - | -60.15M | -97.85M | 56.94M | 276.33M |
| Capital Expenditure | -1.32M | -2.66M | -4.22M | -3.52M | -4.78M | -5.42M | -5.55M | -8.46M | -9.09M | -14.66M | -10.74M | -10.52M | - | -21.11M | -19.96M | -17.16M | -15.63M |
| Free Cash Flow | -27.11M | -7.40M | 40.96M | 24.91M | 44.42M | 36.87M | 27.86M | 39.33M | 54.28M | 74.99M | 52.51M | 129.72M | - | 69.67M | 100.11M | 141.35M | 48.43M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | -11.92M | 2.33M | 7.27M | 266.06M |
| Share Buybacks | - | - | - | - | 526.00K | - | 1.63M | 1.63M | 370.00K | 5.85M | 10.00M | 5.50M | - | 10.00M | - | - | 39.28M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | 42.2% | 42.3% | 42.6% | 41.9% | 41.4% | 42.5% | 44.0% | 45.4% | 44.4% | 44.4% |
| Operating Margin % | - | - | - | - | - | - | - | 8.6% | 11.0% | 11.6% | 8.8% | 9.5% | 9.1% | 12.5% | 14.0% | 13.1% | 11.9% |
| Net Margin % | - | - | - | - | - | - | - | 5.7% | 11.5% | 8.0% | 6.5% | 7.5% | 7.1% | 8.6% | 8.3% | 6.8% | 5.5% |
| ROE % | - | -0.4% | 13.9% | 8.6% | 3.0% | -11.5% | 14.6% | 8.5% | 19.3% | 13.3% | 9.8% | 9.3% | - | 12.8% | 10.8% | 8.6% | 4.1% |
| ROCE % | - | 11.7% | 12.4% | 7.2% | 6.1% | -4.9% | 8.1% | 9.3% | 9.2% | 11.5% | 7.5% | 7.4% | - | 10.0% | 11.3% | 10.2% | 7.3% |
Shareholding Pattern
Insiders
0.79%
Institutions
119.38%
Public Float
120.33%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 13.07% | 4.65M | $741.66M |
| 2 | Vanguard Portfolio Management LLC | 6.96% | 2.48M | $394.64M |
| 3 | Price (T.Rowe) Associates Inc | 5.01% | 1.78M | $284.31M |
| 4 | Allspring Global Investments Holdings, LLC | 4.99% | 1.78M | $283.08M |
| 5 | Vanguard Capital Management LLC | 4.53% | 1.61M | $257.03M |
| 6 | Conestoga Capital Advisors, LLC | 4.07% | 1.45M | $231.00M |
| 7 | State Street Corporation | 3.76% | 1.34M | $213.37M |
| 8 | Wasatch Advisors LP | 2.80% | 996.64K | $158.80M |
| 9 | Geode Capital Management, LLC | 2.63% | 936.97K | $149.29M |
| 10 | Geneva Capital Management LLC | 2.62% | 931.27K | $148.38M |
Analyst View
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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