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NOVT Financials Novanta Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 10.7% per year over the past 5 years.
  • Net income has grown slower than revenue (3.9% vs 10.7% per year).
  • Operating margin has been roughly flat, at 9.6% in the latest year.
  • Free cash flow has declined 17.9% per year over the past 5 years.

Financial health

  • The company holds more cash ($381M) than total debt ($251M).
  • Total debt has grown slower than revenue (4.6% vs 10.7% per year).
  • Total debt is 1.6× EBITDA.
Revenue & net income
-$24M $478M $981M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 23% 45% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-12% 4% 19% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
$0 $71M $141M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $218M $435M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$307M -$15M $276M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $981M $54M 44.4% 9.6% 4.1% 3.0% $48M $251M $381M
2024 $949M $64M 44.4% 11.6% 8.6% 4.6% $141M $417M $114M
2023 $882M $73M 45.4% 12.5% 10.8% 5.9% $100M $354M $105M
2022 $861M $74M 44.0% 12.0% 12.8% 6.0% $71M $435M $100M
2021 $707M $50M 42.5% 9.1% 9.7% 4.1% $75M $434M $117M
2020 $591M $45M 41.4% 9.5% 9.3% 5.1% $130M $200M $125M
2019 $626M $41M 41.9% 8.8% 9.8% 4.7% $53M $220M $79M
2018 $614M $49M 42.6% 11.6% 13.3% 6.8% $75M $207M $82M
2017 $521M $60M 42.3% 11.0% 19.3% 8.3% $54M $235M $100M
2016 $385M $22M 42.2% 8.6% 8.5% 5.2% $39M $78M $68M
2015 — $36M — — 14.6% 8.6% $28M $96M $60M
2014 — -$24M — — -11.5% -6.1% $37M $112M $51M
2013 — $7M — — 3.0% 1.9% $44M $72M $61M
2012 — $20M — — 8.6% 5.8% $25M $50M $66M
2011 — $29M — — 13.9% 8.3% $41M $78M $55M

Valuation over time

How the market has priced NOVT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 57.0 114.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 4.0 8.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is NOVT growing its revenue and profit?

Over the past 5 years, Novanta Inc's revenue has grown 10.7% per year, and net income grown 3.9% per year. These are computed facts, not advice.

How much debt does NOVT have?

As of FY2025, Novanta Inc reported $251M of total debt against $381M of cash.

What is NOVT's profit margin?

In FY2025, gross margin was 44.4%, operating margin 9.6%, and net margin 5.5%.

What is NOVT's P/E ratio?

Novanta Inc's P/E (TTM) is 89.46 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the NOVT stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 102.7× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.