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) Gross margin

Alert me on Gross margin

Novanta Inc.'s gross margin over the twelve months to 30 June 2026 was 44.5%, up 0.2 percentage points from fiscal 2025 (44.4%). Over the past ten years it has ranged from 41.4% (fiscal 2020) to 45.4% (fiscal 2023); the current reading is higher than 82% of that period. That is below the Scientific & Technical Instruments industry median of 47.0% and below the Technology sector median of 47.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 44.4% (0.02)
FY2024 44.4% (0.95)
FY2023 45.4% 1.40
FY2022 44.0% 1.47
FY2021 42.5% 1.09
FY2020 41.4% (0.46)
FY2019 41.9% (0.71)
FY2018 42.6% 0.27
FY2017 42.3% 0.08
FY2016 42.2% (0.04)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 45.5% 1.42
Mar 2026 44.1% 0.23
Dec 2025 43.8% (0.92)
Sep 2025 44.8% 0.48
42 more quarters

Against its own ten years

Low 41.4% High 45.4%
Ten-year median 42.5%
Current reading's percentile 83

Gross margin against peers

Company Gross margin
TRMB Trimble Inc. compare 69.8%
CGNX Cognex Corporation compare 68.9%
VNT Vontier Corporation compare 47.2%
MKSI MKS Inc. compare 47.0%
NOVT Novanta Inc. 44.5%
ESE ESCO Technologies Inc. compare 42.0%
BMI Badger Meter, Inc. compare 41.6%
ITRI Itron, Inc. compare 40.7%
ST Sensata Technologies Holding N.V. compare 30.8%
Scientific & Technical Instruments industry median 47.0%
Technology sector median 47.1%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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