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Novanta Inc. NOVT R2KR3KTECH

Technology · Scientific & Technical Instruments · United States
https://www.novanta.com
Company Profile ↓
$140.80
+12.76% 1Y
Mkt Cap$5.32B
P/E89.11
P/B3.11
52W High$168.75
52W Low$99.22
Book Value$42.74
EPS (TTM)$1.58

Company Overview

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.

Why Investors Should Care

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.18.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Dec 2025 Revenue of $980.60M (+3.3% YoY); net profit $53.83M.
  • Trailing 12 Months Year-on-year growth — revenue +10.3%, earnings +150.0%.
  • 5-Year Trend Long-term compounding — revenue CAGR 8.8%, profit CAGR 3.9%.

Growth & Price Performance

Compounded Sales Growth

5 Years:8.80%
1 Year:10.30%

Compounded Profit Growth

5 Years:3.87%
1 Year:150.00%

Stock Price Performance

1 Year:+12.76%
6 Months:+5.00%
3 Months:+0.00%
1 Month:-0.52%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 60% of range
$99.22 $168.75
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)50.30 · Neutral
Price Performance
1M-0.52%
3M+0.00%
6M+5.00%
1Y+12.76%
Valuation vs Sector

P/E of 89.11 is above the sector median of 30.29 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 89.1.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
89.11
Industry PE
30.29
Forward P/E
32.24
PEG Ratio
-
Book Value
$42.74
Price to Book
3.11
P/S
4.89
EV/EBITDA
25.41
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
8.80%
Profit 5Y
3.87%
Revenue (YoY)
10.30%
Earnings (YoY)
150.00%

Profitability & Returns

ROCE
5.90%
ROE
5.11%
ROA
4.09%
Profit Margin
6.00%
Op Margin
11.50%
Gross Margin
44.54%
EPS (Latest Qtr)
$0.30
EPS (TTM)
$1.58

Balance Sheet & Liquidity

Debt/Equity
0.18
Quick Ratio
3.65
Current Ratio
4.57
Debt
$285.60M
Total Assets
$2.14B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
0.71%
Chg in Prom Hold
-0.04%
FII / Inst Holding
123.50%
Chg in FII Hold
-0.09%

Financial Snapshot

Enterprise Value
$5.32B
Total Revenue (TTM)
$1.03B
EBITDA
$180.95M
Free Cash Flow
$118.38M
Operating Cash Flow
$133.84M
Shares Outstanding
37.82M
Gross Margin
44.54%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 NOVT Novanta Inc. R2KR3KTECH 140.80 89.11 $5.32B 0.00% 5.90% 5.11% 8.80% 3.87%
2 NVDA NVIDIA Corporation NDXSPXR3KAITECH 210.96 26.64 $5.09T 0.46% 74.66% 117.21% 24.64% 32.12%
3 AAPL Apple Inc. NDXSPXR3KTECH 347.72 39.88 $5.07T 0.32% 68.72% 148.75% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXR3KAITECH 524.51 29.19 $3.89T 0.79% 26.33% 34.04% 9.93% 11.90%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AITECH 418.51 31.19 $2.17T 0.95% 30.20% 39.97% 18.94% 19.57%
6 AVGO Broadcom Inc. NDXSPXR3KAITECH 321.68 41.08 $1.54T 0.72% 16.70% 44.25% 17.04% 54.08%
7 MU Micron Technology, Inc. NDXSPXR3KAITECH 877.55 19.82 $991.10B 0.05% 13.69% 66.64% 13.68% 26.02%
8 AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH 516.79 131.83 $843.65B 0.00% 5.47% 10.20% 11.81% 66.28%
9 ASML ASML Holding N.V. NDXAITECH 1,571.80 51.02 $603.73B 0.50% 42.97% 53.94% 15.55% 19.55%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Mar 2014Jun 2014Sep 2014Dec 2014Apr 2015Jul 2015Oct 2015Dec 2015Apr 2016Jul 2016Sep 2016Mar 2017Jun 2017Sep 2017Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Apr 2020Jul 2020Oct 2020Apr 2021Jul 2021Oct 2021Apr 2022Jul 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Apr 2026Jul 2026
Revenue ------------119.10M146.30M146.97M150.40M160.79M157.19M155.15M154.07M155.47M144.73M142.93M162.58M167.52M177.73M204.22M215.36M222.96M219.13M229.46M221.50M230.92M235.86M244.41M233.37M241.05M247.84M257.71M265.81M
Gross Profit 32.10M38.65M39.68M39.73M40.01M41.34M39.91M36.63M36.89M41.50M41.21M46.09M53.49M58.71M62.16M65.23M69.63M66.29M65.78M64.05M64.44M58.70M59.10M68.74M72.41M76.30M90.28M95.25M98.41M97.63M104.12M101.59M100.42M103.69M109.22M104.35M106.75M110.92M113.58M120.92M
Operating Income 4.07M6.48M6.82M-34.18M5.40M10.31M9.01M4.21M2.59M7.60M11.05M10.34M15.75M12.41M17.23M17.11M21.00M14.39M15.11M12.80M13.25M13.70M11.87M11.10M15.99M15.28M24.28M23.29M28.66M26.31M32.20M30.31M25.61M25.71M32.55M32.42M14.91M21.85M27.54M18.06M
Net Income 983.00K725.00K4.53M-30.48M3.45M19.50M6.57M-1.91M4.87M7.47M34.25M9.40M7.53M11.91M11.00M14.55M12.25M10.38M8.92M11.95M11.66M8.26M11.31M11.66M13.60M18.82M17.48M22.49M18.27M20.88M21.22M14.68M13.76M19.19M21.21M4.50M10.65M21.10M12.54M
Diluted EPS 0.030.020.13-0.880.100.560.190.180.050.140.210.980.160.000.180.320.600.350.290.250.340.330.230.320.330.380.530.490.630.510.580.590.410.380.530.590.120.300.510.30
R&D Expense 5.86M7.53M7.74M7.84M8.21M7.84M7.69M7.29M8.05M8.02M7.96M9.21M9.00M11.66M11.99M12.55M13.20M14.00M13.39M13.81M15.33M14.44M15.23M18.68M16.95M17.47M20.93M21.59M21.35M22.83M23.38M22.02M23.25M23.73M23.25M23.24M25.29M24.09M23.25M23.97M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 254.39M285.89M304.30M243.80M316.91M364.71M373.60M384.76M521.29M614.34M626.10M590.62M706.79M860.90M881.66M949.25M980.60M
Gross Profit 98.55M130.61M133.10M105.52M132.23M150.17M157.89M162.45M220.53M261.53M262.08M244.52M300.33M378.47M399.90M421.55M435.28M
Operating Income -20.24M36.03M35.85M20.26M19.45M-16.81M28.93M32.95M57.57M71.01M55.28M55.89M64.05M103.08M110.50M110.58M94.01M
Net Income -71.33M-687.00K28.97M19.54M7.31M-24.25M35.62M22.00M60.05M49.11M40.77M44.52M50.33M74.05M72.88M64.09M53.83M
Diluted EPS -4.48-0.030.860.580.21-0.701.020.631.131.431.151.251.412.062.021.771.47
R&D Expense 28.25M22.30M23.45M18.53M23.79M28.95M31.04M32.00M41.67M51.02M55.97M61.00M72.52M85.77M91.68M95.52M95.48M

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --367.17M348.50M337.46M378.81M396.29M416.05M425.64M726.70M719.58M869.74M865.18M1.23B1.24B1.23B1.39B1.81B
Total Equity 152.90M84.31M178.35M209.00M227.81M241.98M210.82M244.70M258.87M311.55M368.25M417.17M476.81M521.29M577.59M673.46M745.70M1.31B
Cash & Equivalents 69.00M63.33M56.78M54.84M65.79M60.98M51.15M59.96M68.11M100.06M82.04M78.94M125.05M117.39M100.11M105.05M113.99M380.87M
Long Term Debt --107.58M58.00M42.50M64.00M105.03M88.43M70.55M225.50M202.84M215.33M194.93M429.36M430.66M349.40M411.95M212.54M
Total Liabilities --188.49M139.14M109.25M136.40M185.04M171.34M166.77M368.24M351.32M452.56M388.37M706.59M663.63M552.60M642.81M492.82M
Current Liabilities --59.26M59.06M54.93M61.49M54.06M56.95M70.50M98.17M104.20M134.85M114.23M183.94M164.52M139.18M167.79M212.37M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -25.79M-4.74M45.17M28.43M49.20M42.29M33.42M47.79M63.38M89.65M63.25M140.24M94.62M90.78M120.08M158.51M64.06M
Investing Cash Flow 19.71M8.75M-4.22M2.98M-72.96M-89.77M-1.63M-12.87M-177.38M-45.59M-63.84M-13.16M-306.70M-42.54M-19.89M-208.19M-74.32M
Financing Cash Flow --11.56M-43.09M-21.11M18.57M40.28M-21.54M-23.19M143.33M-60.16M-3.94M-84.36M204.75M-60.15M-97.85M56.94M276.33M
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-19.98M-19.64M-19.96M-17.16M-15.63M
Free Cash Flow -27.11M-7.40M40.96M24.91M44.42M36.87M27.86M39.33M54.28M74.99M52.51M129.72M74.65M71.14M100.11M141.35M48.43M
Share Buybacks ----526.00K-1.63M1.63M370.00K5.85M10.00M5.50M-10.00M--39.28M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % 38.7%45.7%43.7%43.3%41.7%41.2%42.3%42.2%42.3%42.6%41.9%41.4%42.5%44.0%45.4%44.4%44.4%
Operating Margin % -8.0%12.6%11.8%8.3%6.1%-4.6%7.7%8.6%11.0%11.6%8.8%9.5%9.1%12.0%12.5%11.6%9.6%
Net Margin % -28.0%-0.2%9.5%8.0%2.3%-6.6%9.5%5.7%11.5%8.0%6.5%7.5%7.1%8.6%8.3%6.8%5.5%
ROE % -84.6%-0.4%13.9%8.6%3.0%-11.5%14.6%8.5%19.3%13.3%9.8%9.3%9.7%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%6.1%9.6%10.2%9.1%5.9%

Shareholding Pattern

Insiders
0.71%
Institutions
123.50%
Public Float
124.38%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 12.69% 4.80M $677.87M
2 Vanguard Portfolio Management LLC 6.33% 2.40M $338.46M
3 Price (T.Rowe) Associates Inc 5.88% 2.22M $313.99M
4 Allspring Global Investments Holdings, LLC 4.81% 1.82M $256.79M
5 Vanguard Capital Management LLC 4.25% 1.61M $227.03M
6 State Street Corporation 3.80% 1.44M $202.99M
7 Conestoga Capital Advisors, LLC 3.22% 1.22M $172.07M
8 Geode Capital Management, LLC 2.61% 987.73K $139.55M
9 Congress Asset Management Co 2.59% 979.84K $138.43M
10 GW&K Investment Management, LLC 2.37% 897.27K $126.77M

Analyst View

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Latest News

Recent headlines for NOVT

Google News hu, 22 Oct 2026

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Google News Fri, 23 Oct 2026

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Google News Wed, 21 Oct 2026

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Google News ue, 20 Oct 2026

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Google News Fri, 23 Oct 2026

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NOVT — Frequently Asked Questions

What is the current share price of Novanta Inc. (NOVT)?

As of 2026-10-23 16:27 PDT, Novanta Inc. (NOVT) trades at $140.80 on NasdaqGS. Its 52-week range is $99.22 to $168.75.

What is the market capitalisation of NOVT?

Novanta Inc. (NOVT) has a market capitalisation of $5.32B on NasdaqGS.

What is the P/E ratio of NOVT?

NOVT trades at a trailing price-to-earnings (P/E) ratio of 89.11. The industry average P/E is 30.29. Its price-to-book (P/B) ratio is 3.11.

What is the return on equity (ROE) of NOVT?

NOVT has a return on equity (ROE) of 5.11%. Its return on capital employed (ROCE) is 5.90%.

Is NOVT a good stock to buy?

This page provides a data-driven analysis of Novanta Inc. (NOVT), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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