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) Return on invested capital

Alert me on Return on invested capital

Novanta Inc.'s return on invested capital over the twelve months to 30 June 2026 was 5.12%, up 0.2 percentage points from fiscal 2025 (4.96%). Over the past ten years it has ranged from 4.78% (fiscal 2021) to 8.99% (fiscal 2018); the current reading is higher than 18% of that period. That is above the Scientific & Technical Instruments industry median of 4.67% and above the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 4.96% (1.63)
FY2024 6.59% (0.89)
FY2023 7.48% 0.42
FY2022 7.06% 2.28
FY2021 4.78% (1.55)
FY2020 6.33% 0.14
FY2019 6.19% (2.80)
FY2018 8.99% 0.92
FY2017 8.07% 0.40
FY2016 7.67% 1.22

Against its own ten years

Low 4.78% High 8.99%
Ten-year median 6.59%
Current reading's percentile 18

Return on invested capital against peers

Company Return on invested capital
BMI Badger Meter, Inc. compare 17.7%
VNT Vontier Corporation compare 14.3%
CGNX Cognex Corporation compare 12.2%
ITRI Itron, Inc. compare 8.09%
ESE ESCO Technologies Inc. compare 7.76%
ST Sensata Technologies Holding N.V. compare 7.39%
MKSI MKS Inc. compare 6.74%
TRMB Trimble Inc. compare 6.32%
NOVT Novanta Inc. 5.12%
Scientific & Technical Instruments industry median 4.67%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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