Novanta Inc. logo

Novanta Inc.

NOVT

NASDAQTechnologyHardware, Equipment & Parts

Previous close

$145.24

−$0.28 · -0.19%

Aug 21, 4:00 PM ET

NOVT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

14

Overpriced

Momentum

57

Neutral

Sentiment

44

Mixed

Risk resilience

54

Elevated Risk

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Company profile

Company website

Operating globally, Novanta Inc. and its affiliated companies specialize in the development, production, and distribution of advanced photonics, vision, and precision motion components and sub-assemblies. These highly engineered solutions are supplied to Original Equipment Manufacturers (OEMs) across the medical and industrial sectors. Within its Photonics division, Novanta provides a suite of laser-driven technologies. These encompass systems for laser scanning, beam manipulation, and various laser types such as CO2, solid-state, ultrafast, and optical light engines. Their applications span critical areas like industrial manufacturing, precision measurement (metrology), advanced imaging in healthcare and biological research, DNA sequencing, and specialized medical laser treatments. The Vision segment delivers an array of medical-grade innovations. This portfolio comprises instruments like medical insufflators, pumps, and their associated consumables, alongside comprehensive visualization tools. It also features wireless communication systems, video recording devices, and integration platforms designed for operating theaters. Further offerings include optical data acquisition, machine vision systems, radio frequency identification (RFID) solutions, thermal recording devices, spectrometry equipment, and integrated touchscreen displays. Furthermore, the Precision Motion division specializes in supplying components such as optical and inductive encoders, high-precision motors, servo drives, and complete motion control systems. This segment also delivers integrated stepper motors, sophisticated robotic end-effectors, air bearings, and air bearing spindles. Novanta distributes its extensive product lines through various channels, including its dedicated direct sales team, value-added resellers, distribution partners, and system integrators. These offerings are available under well-known brand names such as Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, NDSsi, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, Celera Motion, MicroE, Zettlex, Applimotion, Ingenia, and Westwind. Founded in 1968, the company operated as GSI Group, Inc. until its rebranding to Novanta Inc. in May 2016. Its corporate headquarters are located in Bedford, Massachusetts.

Industry
Hardware, Equipment & Parts
Sector
Technology
Headquarters
US
CEO
Matthijs Glastra
Listed since
Mar 24, 1999
Employees
3,000

Market position

Day range

Current $145.24

52-week range

Current $145.24

Open
$145.25
Previous close
$145.52
Volume
332.43K
0.67× average
Average volume
492.89K
Average daily volume
Market cap
5.17B USD
Beta
1.68
Market reference 1
50-day average
$153.64
-5.47% below average
200-day average
$135.96
+6.83% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.31B USD
P/E (TTM)
91.35×
P/B (TTM)
3.68×
P/S (TTM)
5.02×
EV / EBITDA
28.19×
Earnings yield
1.24%
Free cash flow yield
1.11%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
42.52%
Operating margin
10.43%
Net margin
6.00%
Return on equity
4.10%
Return on assets
2.98%
Return on invested capital
5.49%

Financial health

Debt / equity
0.17×
Current ratio
3.69×
Altman Z-score
7.28
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends49%33%17%2%Gross margin, FY2021: 42.49%Gross margin, FY2022: 43.96%Gross margin, FY2023: 45.36%Gross margin, FY2024: 44.41%Gross margin, FY2025: 41.59%Operating margin, FY2021: 9.06%Operating margin, FY2022: 11.97%Operating margin, FY2023: 12.53%Operating margin, FY2024: 11.65%Operating margin, FY2025: 11.90%Net margin, FY2021: 7.12%Net margin, FY2022: 8.60%Net margin, FY2023: 8.27%Net margin, FY2024: 6.75%Net margin, FY2025: 5.49%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 42.49%. Gross margin FY2022 43.96%. Gross margin FY2023 45.36%. Gross margin FY2024 44.41%. Gross margin FY2025 41.59%. Operating margin FY2021 9.06%. Operating margin FY2022 11.97%. Operating margin FY2023 12.53%. Operating margin FY2024 11.65%. Operating margin FY2025 11.90%. Net margin FY2021 7.12%. Net margin FY2022 8.60%. Net margin FY2023 8.27%. Net margin FY2024 6.75%. Net margin FY2025 5.49%.

Income trends

Revenue

980.6M USD+3.30%

Operating income

116.66M USD+5.50%

Net income

53.83M USD-16.01%
Income trends across reported periods1.07B USD701.52M USD329.41M USD−42.7M USDRevenue, FY2021: 706.79M USDRevenue, FY2022: 860.9M USDRevenue, FY2023: 881.66M USDRevenue, FY2024: 949.25M USDRevenue, FY2025: 980.6M USDOperating income, FY2021: 64.05M USDOperating income, FY2022: 103.08M USDOperating income, FY2023: 110.5M USDOperating income, FY2024: 110.58M USDOperating income, FY2025: 116.66M USDNet income, FY2021: 50.33M USDNet income, FY2022: 74.05M USDNet income, FY2023: 72.88M USDNet income, FY2024: 64.09M USDNet income, FY2025: 53.83M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 706.79M USD. Revenue FY2022 860.9M USD. Revenue FY2023 881.66M USD. Revenue FY2024 949.25M USD. Revenue FY2025 980.6M USD. Operating income FY2021 64.05M USD. Operating income FY2022 103.08M USD. Operating income FY2023 110.5M USD. Operating income FY2024 110.58M USD. Operating income FY2025 116.66M USD. Net income FY2021 50.33M USD. Net income FY2022 74.05M USD. Net income FY2023 72.88M USD. Net income FY2024 64.09M USD. Net income FY2025 53.83M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue980.6M USD949.25M USD881.66M USD860.9M USD706.79M USD
Cost of goods sold572.79M USD527.7M USD481.77M USD482.43M USD406.47M USD
Gross profit407.81M USD421.55M USD399.9M USD378.47M USD300.33M USD
Research and development95.48M USD95.52M USD91.68M USD85.77M USD72.52M USD
Selling, general, and administrative195.66M USD175.94M USD164.46M USD158.9M USD129.16M USD
Operating expenses291.14M USD310.96M USD289.4M USD275.39M USD236.27M USD
Interest expense21.47M USD31.49M USD25.82M USD15.62M USD7.39M USD
Depreciation and amortization61.93M USD55.56M USD46.61M USD53.16M USD43.39M USD
Operating income116.66M USD110.58M USD110.5M USD103.08M USD64.05M USD
Net income53.83M USD64.09M USD72.88M USD74.05M USD50.33M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 2 misses, 1 met estimate
Average EPS surprise
+5.61%
11 comparable reports
Latest EPS result
0.89
Estimate 0.83 · Beat by 7.23%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.010.890.760.64Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 0.76, estimate 0.81, surprise -6.17%, Miss. Q2 2025, reported May 6, 2025: actual 0.74, estimate 0.68, surprise +8.82%, Beat. Q3 2025, reported Aug 5, 2025: actual 0.76, estimate 0.74, surprise +2.70%, Beat. Q4 2025, reported Nov 3, 2025: actual 0.87, estimate 0.81, surprise +7.41%, Beat. Q1 2026, reported Feb 23, 2026: actual 0.91, estimate 0.88, surprise +3.41%, Beat. Q2 2026, reported May 11, 2026: actual 0.81, estimate 0.78, surprise +3.85%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.89, estimate 0.83, surprise +7.23%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 0.97, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates313.06M282.48M251.9M221.33MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 238.06M USD, estimate 244.58M USD, surprise -2.66%, Miss. Q2 2025, reported May 6, 2025: actual 233.37M USD, estimate 240.74M USD, surprise -3.06%, Miss. Q3 2025, reported Aug 5, 2025: actual 241.05M USD, estimate 248.47M USD, surprise -2.99%, Miss. Q4 2025, reported Nov 3, 2025: actual 247.84M USD, estimate 255.59M USD, surprise -3.03%, Miss. Q1 2026, reported Feb 23, 2026: actual 258.35M USD, estimate 255.59M USD, surprise +1.08%, Beat. Q2 2026, reported May 11, 2026: actual 257.7M USD, estimate 253.4M USD, surprise +1.70%, Beat. Q3 2026, reported Aug 5, 2026: actual 265.81M USD, estimate 262.3M USD, surprise +1.34%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 301.02M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$194

33.57% upside
Past 12 months12-month forecastHigh $194Average $194Low $194

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy267%
Hold133%
Sell00%
Strong sell00%

Recent analyst actions

1 institution

NOVT news

Corporate actions

Corporate action history

Stock split

Effective Dec 29, 2010

1:3

NOVT peers

ETFs holding NOVT

Funds reporting this stock among their holdings, ordered by reported position size.

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