Saturday 17 October 2026 Export NOVT’s income statement to Excel — free account

Novanta Inc.

NOVT Technology Scientific & Technical Instruments

Novanta Inc.’s revenue for fiscal 2025 (year ended December 2025) was $980.6 million, up 3.30% from fiscal 2024. In the quarter to June 2026, revenue grew 10.3%, EPS grew 158.3%, free cash flow grew 391.8% and total debt fell 50.0%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

128.79 6.01 −4.46%

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Market cap: $5.1B
P/E: 81.0×
Fwd P/E: 62.9×
Dividend yield: —
F-score: 5/9
Altman Z: 6.64
Beneish M: −2.25
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 11.57

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	4	3	2	1	2	1	1	—	1	—

Insider Ownership 8.43%

Capital & Financial Ratios $m

Market Cap 5,100.00

Revenue 1,029.70

Net Income 61.76

Free Cash Flow 109.09

Net Debt (488.99)

Current Ratio 4.57

Debt/Equity 0.14

P/E ratio 81.00

Fwd P/E 62.90

P/S ratio 5.13

P/B ratio 3.27

Past 5Y EPS Growth 3.30%

This Y EPS Growth 12.26%

Next Y EPS Growth 18.23%

Next Y revenue growth 15.54%

Next 5Y EPS Growth 10.09%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 57.02%

10-year low 10-year high

P/S against its own 10 years 48.29%

10-year low 10-year high

P/B against its own 10 years 11.24%

10-year low 10-year high

EV/Sales against its own 10 years 33.32%

10-year low 10-year high

EV/FCF against its own 10 years 46.89%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	105	114	381	719
Receivables	148	159	194	192
Inventory	149	145	188	193
Other	—	—	—	—
	415	434	783	1,124

	2023	2024	2025	Q'26
Payables	57	77	95	97
ST’ Debt	5	5	38	41
Other	—	—	—	—
	139	168	212	246

Compound Annual Growth %

	10y	5y	3y
Sales	10.13%	10.67%	4.43%
Cash Flow	6.72%	(14.51%)	(10.97%)
Earnings	4.22%	3.87%	(10.09%)
Book Value	18.31%	22.48%	31.53%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	258	266	—	—	—
’25	233	241	248	258	981
’24	231	236	244	238	949
’23	219	229	222	212	882
’22	204	215	223	218	861
’21	163	168	178	199	707
’20	155	145	143	147	591

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	52	65	—	—	—
’25	32	15	8	9	64
’24	33	41	23	62	159
’23	10	26	45	39	120
’22	11	24	15	41	91
’21	23	29	14	29	95
’20	18	34	42	47	140

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	48	57	—	—	—
’25	33	12	4	0	48
’24	26	36	19	59	141
’23	7	23	38	33	100
’22	5	18	11	36	71
’21	20	23	8	24	75
’20	15	31	40	43	130

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.51	0.30	—	—	—
’25	0.59	0.12	0.30	0.45	1.47
’24	0.41	0.38	0.53	0.46	1.77
’23	0.51	0.58	0.59	0.35	2.02
’22	0.53	0.49	0.63	0.42	2.06
’21	0.32	0.33	0.38	0.38	1.41
’20	0.34	0.33	0.23	0.35	1.25

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	11.23	20.70	48.40	60.15	66.44	116.55	110.84	111.20	146.86	98.27	Analyst estimates 2026–2028 Powerpack
	High	21.75	55.10	78.85	96.31	127.91	184.44	177.11	187.61	187.12	155.39
People
People	Employees	1,269	2,034	2,133	2,290	2,200	2,700	3,000	2,900	3,000	3,000
	Revenue/emp, $m	0.30	0.26	0.29	0.27	0.27	0.26	0.29	0.30	0.32	0.33
Income, $m
Income, $m	Revenue	385	521	614	626	591	707	861	882	949	981
	Gross margin, %	42.22	42.30	42.57	41.86	41.40	42.49	43.96	45.36	44.41	44.39
	EBT	33	76	61	46	48	56	87	84	79	70
	EBT margin, %	8.45	14.60	9.98	7.31	8.20	7.95	10.12	9.50	8.33	7.10
	Net income	22	62	51	41	45	50	74	73	64	54
	Depreciation	20	31	37	38	38	43	53	47	56	62
Per share, $
Per share, $	Revenue	11.09	14.97	17.60	17.87	16.81	19.97	24.15	24.60	26.40	26.80
	Earnings	0.63	1.14	1.46	1.16	1.27	1.42	2.08	2.03	1.78	1.47
	Cash flow	1.38	1.82	2.57	1.81	3.99	2.67	2.55	3.35	4.41	1.75
	Capex	(0.16)	(0.26)	(0.46)	(0.31)	(0.30)	(0.56)	(0.55)	(0.56)	(0.48)	(0.43)
	Free cash flow	1.22	1.56	2.11	1.50	3.69	2.11	2.00	2.79	3.93	1.32
	Book value	7.46	8.95	10.55	11.91	13.57	14.73	16.20	18.79	20.74	35.92
	Shares, m	35	35	35	35	35	35	36	36	36	37
Valuation, ×
Valuation, ×	P/E	34.21	43.91	43.52	76.24	93.83	124.18	64.82	80.94	85.83	80.95
	P/S	1.94	3.37	3.58	4.95	7.03	8.83	5.58	6.68	5.79	4.44
	P/B	2.89	5.64	5.97	7.43	8.71	11.97	8.32	8.74	7.37	3.31
	EV/Sales	1.97	3.63	3.78	5.17	7.16	9.28	5.97	6.96	6.10	4.31
	EV/FCF	17.87	34.84	31.56	61.65	32.61	87.62	72.15	61.32	41.00	87.21
Cash, $m
Cash, $m	Operating cash flow	48	63	90	63	140	95	91	120	159	64
	Capex	(5)	(9)	(16)	(11)	(11)	(20)	(20)	(20)	(17)	(16)
	Free cash flow	42	54	74	53	130	75	71	100	141	48
Balance, $m
Balance, $m	Working capital	129	190	178	170	190	190	256	276	266	570
	Total debt	78	235	207	220	200	434	435	354	417	251
	Net debt	10	135	125	141	75	317	335	249	303	(130)
	Shareholders’ equity	259	312	368	417	477	521	578	673	746	1,314
Returns, %
Returns, %	ROA	5.23	6.91	7.04	5.13	5.13	4.81	6.00	5.91	4.90	3.37
	ROIC	7.67	8.07	8.99	6.19	6.33	4.78	7.06	7.48	6.59	4.96
	ROE	8.74	13.96	14.97	10.38	9.96	10.09	13.48	11.65	9.03	5.23

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MKSI MKS Inc.	$15.5B	32.9×	37.4×	+28.26% (above 0%: growing)	+181.52% (above 0%: growing)	+38.97% (above 0%: growing)	47.68%	20.11%	Compare
TRMB Trimble Inc.	$14.2B	— (loss-making)	24.1×	+11.00% (above 0%: growing)	n/m	+492.59% (above 0%: growing)	69.43%	13.58%	Compare
CGNX Cognex Corporation	$9.4B	51.5×	42.7×	+16.93% (above 0%: growing)	+79.17% (above 0%: growing)	+67.25% (above 0%: growing)	70.65%	29.36%	Compare
ESE ESCO Technologies Inc.	$7.8B	20.5×	46.9×	+14.40% (above 0%: growing)	+24.75% (above 0%: growing)	−22.12% (below 0%: shrinking)	41.74%	14.80%	Compare
ST Sensata Technologies Holding N.V.	$6.0B	66.5×	16.9×	+5.00% (above 0%: growing)	+70.73% (above 0%: growing)	+61.39% (above 0%: growing)	30.47%	16.70%	Compare
NOVT Novanta Inc.	$5.1B	81.0×	62.9×	+10.27% (above 0%: growing)	+158.33% (above 0%: growing)	+391.84% (above 0%: growing)	45.49%	6.79%
VNT Vontier Corporation	$4.5B	13.7×	8.6×	−2.17% (below 0%: shrinking)	−67.74% (below 0%: shrinking)	+13.79% (above 0%: growing)	48.24%	19.39%	Compare
ITRI Itron, Inc.	$3.7B	13.6×	15.4×	−7.23% (below 0%: shrinking)	−19.33% (below 0%: shrinking)	−10.13% (below 0%: shrinking)	40.97%	13.51%	Compare
BMI Badger Meter, Inc.	$3.7B	29.6×	27.2×	−6.63% (below 0%: shrinking)	−13.56% (below 0%: shrinking)	−46.19% (below 0%: shrinking)	40.83%	17.71%	Compare
Median of peers	$6.9B	29.6×	25.7×	+8.00%	+24.75%	+26.38%	44.71%	17.21%

All 34 Scientific & Technical Instruments stocks →

Novanta Inc. (NOVT) key facts

Strength: Novanta Inc.’s revenue for fiscal 2025 (year ended December 2025) was $980.6 million, up 3.30% from fiscal 2024.
Novanta Inc. (NOVT) is a Scientific & Technical Instruments company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, NOVT traded at $128.79, a market capitalization of $5.1 billion.
Return on equity was 5.23% and debt-to-equity 0.14.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 6.64 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.