
Novanta Inc.
NOVTNASDAQTechnologyHardware, Equipment & Parts
Previous close
$145.24
−$0.28 · -0.19%
NOVT company overview
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GoAI snapshot
AI-powered factor overview
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 websiteOperating 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 / TTMValuation & 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.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 980.6M USD | 949.25M USD | 881.66M USD | 860.9M USD | 706.79M USD |
| Cost of goods sold | 572.79M USD | 527.7M USD | 481.77M USD | 482.43M USD | 406.47M USD |
| Gross profit | 407.81M USD | 421.55M USD | 399.9M USD | 378.47M USD | 300.33M USD |
| Research and development | 95.48M USD | 95.52M USD | 91.68M USD | 85.77M USD | 72.52M USD |
| Selling, general, and administrative | 195.66M USD | 175.94M USD | 164.46M USD | 158.9M USD | 129.16M USD |
| Operating expenses | 291.14M USD | 310.96M USD | 289.4M USD | 275.39M USD | 236.27M USD |
| Interest expense | 21.47M USD | 31.49M USD | 25.82M USD | 15.62M USD | 7.39M USD |
| Depreciation and amortization | 61.93M USD | 55.56M USD | 46.61M USD | 53.16M USD | 43.39M USD |
| Operating income | 116.66M USD | 110.58M USD | 110.5M USD | 103.08M USD | 64.05M USD |
| Net income | 53.83M USD | 64.09M USD | 72.88M USD | 74.05M USD | 50.33M 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
Revenue: actual versus estimate
Recent quarterly results
Analyst ratings
Third-party consensus; not a GoAI recommendation.
Analyst price target
Average target
$194
33.57% upsideRating distribution
3 ratingsLimited analyst sample: 3 ratings. Interpret the distribution with caution.
Recent analyst actions
NOVT news
Corporate actions
Corporate action history
| Action | Effective date | Details | Record date | Payment date |
|---|---|---|---|---|
Stock split | Dec 29, 2010 | 1:3 | — | — |
Effective Dec 29, 2010
1:3
NOVT peers
ETFs holding NOVT
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Morningstar Total Stock Market ETFVTI162.05M0.01%2.3T USD0.03%$378.24+0.44%
Vanguard Morningstar Small-Cap ETFVB116.72M0.06%183.4B USD0.03%$304.76+0.64%
Vanguard Information Technology ETFVGT108.58M0.07%160.2B USD0.09%$118.42+0.05%
Vanguard Morningstar Small-Cap Growth ETFVBK67.61M0.15%43.8B USD0.05%$358.65+0.70%
Vanguard Extended Market ETFVXF58.42M0.06%93.7B USD0.05%$245.53+0.82%
State Street SPDR S&P MIDCAP 400 ETF TrustMDY37.95M0.14%26.72B USD0.23%$699.6+0.48%
L&G ROBO Global Robotics and Automation UCITS ETFROBO33.65M1.63%1.96B USD0.95%$81.17+0.28%
Vanguard Russell 2000 ETFVTWO29.03M0.16%17.4B USD0.06%$121.25+0.74%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 162.05M
- Weight
- 0.01%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
Vanguard Morningstar Small-Cap ETFVB- Market value
- 116.72M
- Weight
- 0.06%
- AUM
- 183.4B USD
- Expense ratio
- 0.03%
- Price / 1D
- $304.76+0.64%
Vanguard Information Technology ETFVGT- Market value
- 108.58M
- Weight
- 0.07%
- AUM
- 160.2B USD
- Expense ratio
- 0.09%
- Price / 1D
- $118.42+0.05%
Vanguard Morningstar Small-Cap Growth ETFVBK- Market value
- 67.61M
- Weight
- 0.15%
- AUM
- 43.8B USD
- Expense ratio
- 0.05%
- Price / 1D
- $358.65+0.70%
Vanguard Extended Market ETFVXF- Market value
- 58.42M
- Weight
- 0.06%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $245.53+0.82%
State Street SPDR S&P MIDCAP 400 ETF TrustMDY- Market value
- 37.95M
- Weight
- 0.14%
- AUM
- 26.72B USD
- Expense ratio
- 0.23%
- Price / 1D
- $699.6+0.48%
L&G ROBO Global Robotics and Automation UCITS ETFROBO- Market value
- 33.65M
- Weight
- 1.63%
- AUM
- 1.96B USD
- Expense ratio
- 0.95%
- Price / 1D
- $81.17+0.28%
Vanguard Russell 2000 ETFVTWO- Market value
- 29.03M
- Weight
- 0.16%
- AUM
- 17.4B USD
- Expense ratio
- 0.06%
- Price / 1D
- $121.25+0.74%
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