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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$981M
$54M
44.4%
9.6%
$48M
$251M
$381M
2024
$949M
$64M
44.4%
11.6%
$141M
$417M
$114M
2023
$882M
$73M
45.4%
12.5%
$100M
$354M
$105M
2022
$861M
$74M
44.0%
12.0%
$71M
$435M
$100M
2021
$707M
$50M
42.5%
9.1%
$75M
$434M
$117M
2020
$591M
$45M
41.4%
9.5%
$130M
$200M
$125M
2019
$626M
$41M
41.9%
8.8%
$53M
$220M
$79M
2018
$614M
$49M
42.6%
11.6%
$75M
$207M
$82M
2017
$521M
$60M
42.3%
11.0%
$54M
$235M
$100M
2016
$385M
$22M
42.2%
8.6%
$39M
$78M
$68M
2015
—
$36M
—
—
$28M
$96M
$60M
2014
—
-$24M
—
—
$37M
$112M
$51M
2013
—
$7M
—
—
$44M
$72M
$61M
2012
—
$20M
—
—
$25M
$50M
$66M
2011
—
$29M
—
—
$41M
$78M
$55M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Apr '26
$258M
$21M
44.1%
10.7%
$47M
$241M
$389M
Dec '25
$258M
$17M
43.8%
9.6%
$5M
$251M
$381M
Sep '25
$248M
$11M
44.8%
8.8%
$4M
$451M
$89M
Jun '25
$241M
$4M
44.3%
6.2%
$12M
$459M
$110M
Mar '25
$233M
$21M
44.7%
13.9%
$27M
$390M
$106M
Dec '24
$238M
$16M
45.5%
11.2%
$59M
$417M
$114M
Sep '24
$244M
$19M
44.7%
13.3%
$19M
$458M
$93M
Jun '24
$236M
$14M
44.0%
10.9%
$36M
$482M
$98M
Mar '24
$231M
$15M
43.5%
11.1%
$26M
$514M
$94M
Dec '23
$212M
$13M
45.6%
10.2%
$33M
$354M
$105M
Sep '23
$222M
$21M
45.9%
13.7%
$38M
$353M
$76M
Jun '23
$229M
$21M
45.4%
14.0%
$23M
$408M
$91M
Mar '23
$219M
$18M
44.6%
12.0%
$7M
$423M
$83M
Dec '22
$218M
$15M
43.3%
12.3%
$36M
$435M
$100M
Sep '22
$223M
$22M
44.1%
12.9%
$11M
$443M
$85M
Jul '22
$215M
$17M
44.2%
10.8%
$18M
$407M
$100M
Apr '22
$204M
$19M
44.2%
11.9%
$5M
$417M
$99M
Dec '21
$199M
$14M
41.7%
10.9%
$23M
$434M
$117M
Oct '21
$178M
$14M
42.9%
8.6%
$8M
$447M
$102M
Jul '21
$168M
$12M
43.2%
9.5%
$23M
$192M
$134M
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.
The price-to-earnings ratio has risen from 76.4× (Mar '23) to 106.1× (Jun '26).
The price-to-sales ratio has fallen from 6.6× (Mar '23) to 5.8× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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?
As of Jun '26, Novanta Inc traded at a price-to-earnings ratio of about 106.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.