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.

Revenue
+10.3%
EPS
+158.3%
Free cash flow
+391.8%
Total debt
−50.0%

Quarter to June 2026, against a year earlier

144.88 2.61 −1.77%
Market cap
$5.6B
P/E
92.5×
Fwd P/E
80.1×
Dividend yield
—
F-score
5/9
Altman Z
6.64
Beneish M
−2.25
Dividend safety
n/a

Novanta Inc. (NOVT) Free cash flow margin

Alert me on Free cash flow margin

Novanta Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 10.6%, up 5.6 percentage points from fiscal 2025 (4.94%). Over the past ten years it has ranged from 4.94% (fiscal 2025) to 22.0% (fiscal 2020) — the current reading is the lowest in ten years. That is in line with the Scientific & Technical Instruments industry median of 10.5% and above the Technology sector median of 1.27%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 4.94% (9.95)
FY2024 14.9% 3.53
FY2023 11.4% 3.08
FY2022 8.28% (2.31)
FY2021 10.6% (11.37)
FY2020 22.0% 13.57
FY2019 8.39% (3.60)
FY2018 12.0% 1.57
FY2017 10.4% (0.60)
FY2016 11.0% 3.53

Against its own ten years

Low 4.94% High 22.0%
Ten-year median 10.6%
Current reading's percentile 9

Free cash flow margin against peers

Company Free cash flow margin
CGNX Cognex Corporation compare 25.3%
TRMB Trimble Inc. compare 20.4%
ST Sensata Technologies Holding N.V. compare 16.7%
BMI Badger Meter, Inc. compare 16.2%
ITRI Itron, Inc. compare 15.8%
ESE ESCO Technologies Inc. compare 15.2%
VNT Vontier Corporation compare 12.6%
NOVT Novanta Inc. 10.6%
MKSI MKS Inc. compare 10.5%
Scientific & Technical Instruments industry median 10.5%
Technology sector median 1.27%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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