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NOVANTA INC

NOVT Clue Score50
United States Fiscal year ends December CIK 0001076930
$141.28 +3.63% Close, 9 Oct 2026
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Price $141.28 −11.14% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue384.8Operating income33.0Net income22.0EPS, diluted0.63Fiscal year 2017Revenue521.3 +35.5%Operating income57.6Net income60.1 +172.9%EPS, diluted1.13 +79.4%Fiscal year 2018Revenue614.3 +17.8%Operating income71.0Net income49.1 −18.2%EPS, diluted1.43 +26.5%Fiscal year 2019Revenue626.1 +1.9%Operating income55.3Net income40.8 −17.0%EPS, diluted1.15 −19.6%Fiscal year 2020Revenue590.6 −5.7%Operating income55.9Net income44.5 +9.2%EPS, diluted1.25 +8.7%Fiscal year 2021Revenue706.8 +19.7%Operating income64.1Net income50.3 +13.1%EPS, diluted1.41 +12.8%Fiscal year 2022Revenue860.9 +21.8%Operating income103.1Net income74.1 +47.1%EPS, diluted2.06 +46.1%Fiscal year 2023Revenue881.7 +2.4%Operating income110.5Net income72.9 −1.6%EPS, diluted2.02 −1.9%Fiscal year 2024Revenue949.2 +7.7%Operating income110.6Net income64.1 −12.1%EPS, diluted1.77 −12.4%Fiscal year 2025Revenue980.6 +3.3%Operating income94.0Net income53.8 −16.0%EPS, diluted1.47 −16.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 384.8 521.3 614.3 626.1 590.6 706.8 860.9 881.7 949.2 980.6
Growth +35.5% +17.8% +1.9% −5.7% +19.7% +21.8% +2.4% +7.7% +3.3%
Operating income 33.0 57.6 71.0 55.3 55.9 64.1 103.1 110.5 110.6 94.0
Net income 22.0 60.1 49.1 40.8 44.5 50.3 74.1 72.9 64.1 53.8
Growth +172.9% −18.2% −17.0% +9.2% +13.1% +47.1% −1.6% −12.1% −16.0%
EPS, diluted 0.63 1.13 1.43 1.15 1.25 1.41 2.06 2.02 1.77 1.47
Growth +79.4% +26.5% −19.6% +8.7% +12.8% +46.1% −1.9% −12.4% −16.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin42.2%Operating margin8.6%Net margin5.7%Free cash flow margin10.2%Fiscal year 2017Gross margin42.3%Operating margin11.0%Net margin11.5%Free cash flow margin10.4%Fiscal year 2018Gross margin42.6%Operating margin11.6%Net margin8.0%Free cash flow margin12.2%Fiscal year 2019Gross margin41.9%Operating margin8.8%Net margin6.5%Free cash flow margin8.4%Fiscal year 2020Gross margin41.4%Operating margin9.5%Net margin7.5%Free cash flow margin22.0%Fiscal year 2021Gross margin42.5%Operating margin9.1%Net margin7.1%Free cash flow margin10.6%Fiscal year 2022Gross margin44.0%Operating margin12.0%Net margin8.6%Free cash flow margin8.3%Fiscal year 2023Gross margin45.4%Operating margin12.5%Net margin8.3%Free cash flow margin11.4%Fiscal year 2024Gross margin44.4%Operating margin11.6%Net margin6.8%Free cash flow margin14.9%Fiscal year 2025Gross margin44.4%Operating margin9.6%Net margin5.5%Free cash flow margin4.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 42.2% 42.3% 42.6% 41.9% 41.4% 42.5% 44.0% 45.4% 44.4% 44.4%
Operating margin 8.6% 11.0% 11.6% 8.8% 9.5% 9.1% 12.0% 12.5% 11.6% 9.6%
Net margin 5.7% 11.5% 8.0% 6.5% 7.5% 7.1% 8.6% 8.3% 6.8% 5.5%
Free cash flow margin 10.2% 10.4% 12.2% 8.4% 22.0% 10.6% 8.3% 11.4% 14.9% 4.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow47.8Capital expenditure−8.5Free cash flow39.3Buybacks−1.6Fiscal year 2017Operating cash flow63.4Capital expenditure−9.1Free cash flow54.3 +38.0%Buybacks−0.4Fiscal year 2018Operating cash flow89.6Capital expenditure−14.7Free cash flow75.0 +38.1%Buybacks−5.9Fiscal year 2019Operating cash flow63.2Capital expenditure−10.7Free cash flow52.5 −30.0%Buybacks−10.0Fiscal year 2020Operating cash flow140.2Capital expenditure−10.5Free cash flow129.7 +147.1%Buybacks−5.5Fiscal year 2021Operating cash flow94.6Capital expenditure−20.0Free cash flow74.6 −42.5%Fiscal year 2022Operating cash flow90.8Capital expenditure−19.6Free cash flow71.1 −4.7%Buybacks−10.0Fiscal year 2023Operating cash flow120.1Capital expenditure−20.0Free cash flow100.1 +40.7%Fiscal year 2024Operating cash flow158.5Capital expenditure−17.2Free cash flow141.4 +41.2%Fiscal year 2025Operating cash flow64.1Capital expenditure−15.6Free cash flow48.4 −65.7%Buybacks−39.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 47.8 63.4 89.6 63.2 140.2 94.6 90.8 120.1 158.5 64.1
Capital expenditure −8.5 −9.1 −14.7 −10.7 −10.5 −20.0 −19.6 −20.0 −17.2 −15.6
Free cash flow 39.3 54.3 75.0 52.5 129.7 74.6 71.1 100.1 141.4 48.4
Growth +38.0% +38.1% −30.0% +147.1% −42.5% −4.7% +40.7% +41.2% −65.7%
Buybacks −1.6 −0.4 −5.9 −10.0 −5.5 n/a −10.0 n/a n/a −39.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash68.1Total debt77.9Net cash (debt)−9.8Shareholders’ equity258.9Debt to equity0.30Fiscal year 2017Cash100.1Total debt234.6Net cash (debt)−134.6Shareholders’ equity311.5Debt to equity0.75Fiscal year 2018Cash82.0Total debt207.4Net cash (debt)−125.3Shareholders’ equity368.3Debt to equity0.56Fiscal year 2019Cash78.9Total debt220.4Net cash (debt)−141.4Shareholders’ equity417.2Debt to equity0.53Fiscal year 2020Cash125.1Total debt200.4Net cash (debt)−75.4Shareholders’ equity476.8Debt to equity0.42Fiscal year 2021Cash117.4Total debt434.5Net cash (debt)−317.1Shareholders’ equity521.3Debt to equity0.83Fiscal year 2022Cash100.1Total debt435.5Net cash (debt)−335.4Shareholders’ equity577.6Debt to equity0.75Fiscal year 2023Cash105.1Total debt354.4Net cash (debt)−249.3Shareholders’ equity673.5Debt to equity0.53Fiscal year 2024Cash114.0Total debt416.6Net cash (debt)−302.7Shareholders’ equity745.7Debt to equity0.56Fiscal year 2025Cash380.9Total debt250.8Net cash (debt)130.0Shareholders’ equity1,314.3Debt to equity0.19
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 68.1 100.1 82.0 78.9 125.1 117.4 100.1 105.1 114.0 380.9
Total debt 77.9 234.6 207.4 220.4 200.4 434.5 435.5 354.4 416.6 250.8
Net cash (debt) −9.8 −134.6 −125.3 −141.4 −75.4 −317.1 −335.4 −249.3 −302.7 130.0
Shareholders’ equity 258.9 311.5 368.3 417.2 476.8 521.3 577.6 673.5 745.7 1,314.3
Debt to equity 0.30 0.75 0.56 0.53 0.42 0.83 0.75 0.53 0.56 0.19

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
384.8 521.3 614.3 626.1 590.6 706.8 860.9 881.7 949.2 980.6
Growth +35.5% +17.8% +1.9% −5.7% +19.7% +21.8% +2.4% +7.7% +3.3%
222.3 300.8 352.8 364.0 346.1 406.5 482.4 481.8 527.7 545.3
162.5 220.5 261.5 262.1 244.5 300.3 378.5 399.9 421.5 435.3
Growth +35.8% +18.6% +0.2% −6.7% +22.8% +26.0% +5.7% +5.4% +3.3%
32.0 41.7 51.0 56.0 61.0 72.5 85.8 91.7 95.5 95.5
81.3 101.7 115.9 118.4 109.9 129.2 158.9 164.5 175.9 195.7
33.0 57.6 71.0 55.3 55.9 64.1 103.1 110.5 110.6 94.0
Growth +74.7% +23.4% −22.2% +1.1% +14.6% +60.9% +7.2% +0.1% −15.0%
32.5 76.1 61.3 45.8 48.4 56.2 87.2 83.7 79.1 69.6
10.5 13.8 10.2 5.0 3.9 5.8 13.1 10.9 15.0 15.8
22.0 60.1 49.1 40.8 44.5 50.3 74.1 72.9 64.1 53.8
Growth +172.9% −18.2% −17.0% +9.2% +13.1% +47.1% −1.6% −12.1% −16.0%
Per share
0.63 1.14 1.46 1.16 1.27 1.42 2.08 2.03 1.78 1.47
0.63 1.13 1.43 1.15 1.25 1.41 2.06 2.02 1.77 1.47
Growth +79.4% +26.5% −19.6% +8.7% +12.8% +46.1% −1.9% −12.4% −16.9%
34.7 34.8 34.9 35.0 35.1 35.4 35.7 35.8 36.0 36.6
34.9 35.3 35.5 35.5 35.7 35.8 35.9 36.0 36.1 36.7
Growth +1.0% +0.5% +0.2% +0.3% +0.4% +0.4% +0.3% +0.3% +1.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 10.7% a year over five years, and earnings per share grew 3.3% a year.
  • The diluted share count rose 2.9% in five years, which is dilution.
  • Operating margin is flat at 9.6%.
  • Profitable in every one of the 10 years on file.