Mesa Laboratories, Inc. (MLAB) vs Novanta Inc. (NOVT)
Mesa Laboratories, Inc. and Novanta Inc. are both Scientific & Technical Instruments companies. Novanta Inc. is the larger, with a market value of $5.4B against $769.4M — 7.0× the size. Novanta Inc. trades at the lower P/E: 90.6× against 156×. Novanta Inc. grew revenue faster over the last twelve months: 7.61% against 3.04%. Novanta Inc. has the higher net margin (6.00% vs 1.92%) and the higher return on invested capital (5.12% vs 4.67%). Across the 22 metrics below, Mesa Laboratories, Inc. leads on 11 and Novanta Inc. on 11.
Valuation
Profitability
| Metric | MLAB | NOVT | Scientific & Technical Instruments median |
|---|---|---|---|
| Gross margin | 64.21% | 44.54% | 45.75% |
| Operating margin | 9.00% | 8.96% | 7.34% |
| Net margin | 1.92% | 6.00% | 1.56% |
| Free cash flow margin | 21.17% | 10.59% | 5.84% |
| Return on equity | 2.66% | 5.11% | 2.87% |
| Return on assets | 1.12% | 3.38% | 0.99% |
| Return on invested capital | 4.67% | 5.12% | 3.88% |
Growth
Health
Dividend
Size
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