Stocks · Technology · Optical Instruments & Lenses

NOVA LTD.

NVMI Clue Score75
Israel Fiscal year ends December CIK 0001109345
$353.00 -0.45% Close, 9 Oct 2026
Price $353.00 +255.02% 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 2016Revenue163.9Operating income10.2Net income9.6EPS, diluted0.35Fiscal year 2017Revenue222.0 +35.4%Operating income57.8Net income46.5 +381.7%EPS, diluted1.63Fiscal year 2018Revenue251.1 +13.1%Operating income60.4Net income54.4 +17.0%EPS, diluted1.89Fiscal year 2019Revenue224.9 −10.4%Operating income36.4Net income35.2 −35.3%EPS, diluted1.23Fiscal year 2020Revenue269.4 +19.8%Operating income55.6Net income47.9 +36.2%EPS, diluted1.65Fiscal year 2021Revenue416.1 +54.5%Operating income112.4Net income93.1 +94.3%EPS, diluted3.12Fiscal year 2022Revenue570.7 +37.2%Operating income149.9Net income140.2 +50.6%EPS, diluted4.43Fiscal year 2023Revenue517.9 −9.3%Operating income132.3Net income136.3 −2.8%EPS, diluted4.28Fiscal year 2024Revenue672.4 +29.8%Operating income187.5Net income183.8 +34.8%EPS, diluted5.75Fiscal year 2025Revenue880.6 +31.0%Operating income253.5Net income259.2 +41.1%EPS, diluted7.96
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 163.9 222.0 251.1 224.9 269.4 416.1 570.7 517.9 672.4 880.6
Growth +35.4% +13.1% −10.4% +19.8% +54.5% +37.2% −9.3% +29.8% +31.0%
Operating income 10.2 57.8 60.4 36.4 55.6 112.4 149.9 132.3 187.5 253.5
Net income 9.6 46.5 54.4 35.2 47.9 93.1 140.2 136.3 183.8 259.2
Growth +381.7% +17.0% −35.3% +36.2% +94.3% +50.6% −2.8% +34.8% +41.1%
EPS, diluted 0.35 1.63 1.89 1.23 1.65 3.12 4.43 4.28 5.75 7.96

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin45.9%Operating margin6.2%Net margin5.9%Free cash flow margin−4.4%Fiscal year 2017Gross margin59.1%Operating margin26.0%Net margin20.9%Free cash flow margin25.0%Fiscal year 2018Gross margin57.8%Operating margin24.1%Net margin21.7%Free cash flow margin13.3%Fiscal year 2019Gross margin54.2%Operating margin16.2%Net margin15.6%Free cash flow margin8.6%Fiscal year 2020Gross margin56.1%Operating margin20.6%Net margin17.8%Free cash flow margin20.0%Fiscal year 2021Gross margin56.6%Operating margin27.0%Net margin22.4%Free cash flow margin30.6%Fiscal year 2022Gross margin55.5%Operating margin26.3%Net margin24.6%Free cash flow margin17.2%Fiscal year 2023Gross margin56.6%Operating margin25.5%Net margin26.3%Free cash flow margin20.5%Fiscal year 2024Gross margin57.6%Operating margin27.9%Net margin27.3%Free cash flow margin32.4%Fiscal year 2025Gross margin57.4%Operating margin28.8%Net margin29.4%Free cash flow margin24.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 45.9% 59.1% 57.8% 54.2% 56.1% 56.6% 55.5% 56.6% 57.6% 57.4%
Operating margin 6.2% 26.0% 24.1% 16.2% 20.6% 27.0% 26.3% 25.5% 27.9% 28.8%
Net margin 5.9% 20.9% 21.7% 15.6% 17.8% 22.4% 24.6% 26.3% 27.3% 29.4%
Free cash flow margin −4.4% 25.0% 13.3% 8.6% 20.0% 30.6% 17.2% 20.5% 32.4% 24.7%

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 flow−4.2Capital expenditure−3.1Free cash flow−7.3Buybacks−0.9Fiscal year 2017Operating cash flow61.8Capital expenditure−6.3Free cash flow55.5Fiscal year 2018Operating cash flow37.1Capital expenditure−3.7Free cash flow33.4 −39.8%Buybacks−4.8Fiscal year 2019Operating cash flow40.7Capital expenditure−21.3Free cash flow19.4 −41.9%Buybacks−7.2Fiscal year 2020Operating cash flow60.3Capital expenditure−6.4Free cash flow53.8 +177.0%Buybacks−12.5Fiscal year 2021Operating cash flow132.3Capital expenditure−4.8Free cash flow127.4 +136.8%Buybacks0.0Fiscal year 2022Operating cash flow119.5Capital expenditure−21.3Free cash flow98.2 −22.9%Buybacks−21.4Fiscal year 2023Operating cash flow123.5Capital expenditure−17.2Free cash flow106.3 +8.3%Buybacks−0.1Fiscal year 2024Operating cash flow235.3Capital expenditure−17.2Free cash flow218.1 +105.0%Buybacks−30.0Fiscal year 2025Operating cash flow245.6Capital expenditure−27.7Free cash flow217.9 −0.1%Buybacks−35.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −4.2 61.8 37.1 40.7 60.3 132.3 119.5 123.5 235.3 245.6
Capital expenditure −3.1 −6.3 −3.7 −21.3 −6.4 −4.8 −21.3 −17.2 −17.2 −27.7
Free cash flow −7.3 55.5 33.4 19.4 53.8 127.4 98.2 106.3 218.1 217.9
Growth −39.8% −41.9% +177.0% +136.8% −22.9% +8.3% +105.0% −0.1%
Buybacks −0.9 n/a −4.8 −7.2 −12.5 0.0 −21.4 −0.1 −30.0 −35.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash20.4Shareholders’ equity174.7Fiscal year 2017Cash27.7Shareholders’ equity226.7Fiscal year 2018Cash22.9Shareholders’ equity280.7Fiscal year 2019Cash31.7Shareholders’ equity314.5Fiscal year 2020Cash232.3Shareholders’ equity371.5Fiscal year 2021Cash126.7Shareholders’ equity473.8Fiscal year 2022Cash111.1Shareholders’ equity587.0Fiscal year 2023Cash107.6Shareholders’ equity750.8Fiscal year 2024Cash157.8Shareholders’ equity927.8Fiscal year 2025Cash214.5Shareholders’ equity1,318.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 20.4 27.7 22.9 31.7 232.3 126.7 111.1 107.6 157.8 214.5
Shareholders’ equity 174.7 226.7 280.7 314.5 371.5 473.8 587.0 750.8 927.8 1,318.2

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

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
45.9% 59.1% 57.8% 54.2% 56.1% 56.6% 55.5% 56.6% 57.6% 57.4%
6.2% 26.0% 24.1% 16.2% 20.6% 27.0% 26.3% 25.5% 27.9% 28.8%
6.9% 27.1% 25.3% 17.6% 21.0% 26.3% 27.8% 29.9% 32.2% 34.4%
5.9% 20.9% 21.7% 15.6% 17.8% 22.4% 24.6% 26.3% 27.3% 29.4%
−4.4% 25.0% 13.3% 8.6% 20.0% 30.6% 17.2% 20.5% 32.4% 24.7%
Spending
21.4% 17.5% 18.1% 19.8% 19.7% 15.8% 15.8% 17.0% 16.4% 16.3%
4.2% 3.6% 3.5% 4.5% 4.6% 4.2% 4.2% 3.9% 3.6% 3.0%
1.9% 2.8% 1.5% 9.5% 2.4% 1.2% 3.7% 3.3% 2.6% 3.1%
15.3% 22.7% 14.3% 10.9% 15.2% 14.8% 11.5% 11.9% 15.0% 14.5%
Returns
5.5% 20.5% 19.4% 11.2% 12.9% 19.7% 23.9% 18.2% 19.8% 19.7%
4.4% 16.4% 16.3% 8.8% 7.3% 11.6% 14.2% 12.0% 13.2% 11.0%
Balance and payout
20.1% 20.0% 15.8% 21.5% 43.3% 41.2% 40.4% 33.8% 33.3% 44.2%
n/a n/a 14.4% 36.9% 23.3% 0.0% 21.8% 0.1% 13.8% 16.1%