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 26.7% per year over the past 5 years.
Net income has grown faster than revenue (40.2% vs 26.7% per year).
Operating margin has expanded, at 28.8% in the latest year.
Free cash flow has grown 32.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$881M
$259M
57.4%
28.8%
19.7%
11.0%
$218M
—
$214M
2024
$672M
$184M
57.6%
27.9%
19.8%
13.2%
$218M
—
$158M
2023
$518M
$136M
56.6%
25.5%
18.2%
12.0%
$106M
—
$108M
2022
$571M
$140M
55.5%
26.3%
23.9%
14.2%
$98M
—
$111M
2021
$416M
$93M
56.6%
27.0%
19.7%
11.6%
$127M
—
$127M
2020
$269M
$48M
56.1%
20.6%
12.9%
7.3%
$54M
—
$232M
2019
$225M
$35M
54.2%
16.2%
11.2%
8.8%
$19M
—
$32M
2018
$251M
$54M
57.8%
24.1%
19.4%
16.3%
$33M
—
$23M
2017
$222M
$46M
59.1%
26.0%
20.5%
16.4%
$56M
—
$28M
2016
$164M
$10M
45.9%
6.2%
5.5%
4.4%
-$7M
—
$20M
2015
$149M
$16M
51.9%
7.8%
9.8%
7.6%
$21M
—
$28M
2014
$121M
$19M
52.7%
14.0%
13.0%
10.8%
$28M
—
$14M
2013
$112M
$11M
53.0%
11.1%
8.2%
6.5%
$7M
—
$18M
2012
$96M
$12M
53.2%
11.0%
10.3%
8.3%
$4M
—
$16M
2011
$103M
$28M
56.4%
24.0%
28.1%
22.9%
$23M
—
$19M
Valuation over time
How the market has priced NVMI 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 24.1× (Mar '23) to 37.3× (Nov '26).
The price-to-sales ratio has risen from 5.9× (Mar '23) to 11.0× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is NVMI growing its revenue and profit?
Over the past 5 years, Nova's revenue has grown 26.7% per year, and net income grown 40.2% per year. These are computed facts, not advice.
How much debt does NVMI have?
As of FY2025, Nova reported — of total debt against $214M of cash.
What is NVMI's profit margin?
In FY2025, gross margin was 57.4%, operating margin 28.8%, and net margin 29.4%.
What is NVMI's P/E ratio?
Nova's P/E (TTM) is 37.27 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 NVMI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 37.3× 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.