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) Operating margin

Alert me on Operating margin

Novanta Inc.'s operating margin over the twelve months to 30 June 2026 was 8.96%, down 0.6 percentage points from fiscal 2025 (9.59%). Over the past ten years it has ranged from 7.74% (fiscal 2015) to 12.5% (fiscal 2023); the current reading is higher than 55% of that period. That is in line with the Scientific & Technical Instruments industry median of 8.96% and above the Technology sector median of 0.31%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 9.59% (2.06)
FY2024 11.7% (0.88)
FY2023 12.5% 0.56
FY2022 12.0% 2.91
FY2021 9.06% (0.40)
FY2020 9.46% 0.63
FY2019 8.83% (2.73)
FY2018 11.6% 0.52
FY2017 11.0% 2.47
FY2016 8.57% 0.83

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 6.79% (3.90)
Mar 2026 10.7% 1.08
Dec 2025 9.61% 0.79
Sep 2025 8.82% 2.63
42 more quarters

Against its own ten years

Low 7.74% High 12.5%
Ten-year median 9.59%
Current reading's percentile 24

Operating margin against peers

Company Operating margin
CGNX Cognex Corporation compare 21.9%
VNT Vontier Corporation compare 18.8%
BMI Badger Meter, Inc. compare 18.8%
TRMB Trimble Inc. compare 17.0%
MKSI MKS Inc. compare 15.7%
ESE ESCO Technologies Inc. compare 15.7%
ST Sensata Technologies Holding N.V. compare 15.1%
ITRI Itron, Inc. compare 13.7%
NOVT Novanta Inc. 8.96%
Scientific & Technical Instruments industry median 8.96%
Technology sector median 0.31%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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