Stocktoria

NOVANTA INC NOVT

Nasdaq · stock · Miscellaneous Electrical Machinery, Equipment & Supplies · website · IPO 1999-03-24

NOVANTA INC statistics & valuation

Market cap$5.6B
P / E104.2×
P / S5.7×
P / B4.3×
P / FCF115.9×
Net margin5.5%
Return on equity4.1%
FCF margin4.9%
Net cash$168.3M
Net debt / EBITDA-1.1×
Enterprise value USD$5.4B
EV / EBITDA34.9×
Earnings yield EBIT/EV1.7%
Return on capital5.9%
Graham number -79.4%$34.42

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($34.42); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.70% 11.50% 8.00% 6.50% 7.50% 7.10% 8.60% 8.30% 6.80% 5.50% 2016201720182019202020212022202320242025
Gross margin (%)
42.20% 42.30% 42.60% 41.90% 41.40% 42.50% 44.00% 45.40% 44.40% 44.40% 2016201720182019202020212022202320242025
Operating margin (%)
8.60% 11.00% 11.60% 8.80% 9.50% 9.10% 12.00% 12.50% 11.60% 9.60% 2016201720182019202020212022202320242025
Return on equity (%)
8.50% 19.30% 13.30% 9.80% 9.30% 9.70% 12.80% 10.80% 8.60% 4.10% 2016201720182019202020212022202320242025
Shares outstanding
34.9M 35.3M 35.5M 35.5M 35.7M 35.8M 35.9M 36.0M 36.1M 36.7M 2016201720182019202020212022202320242025
Net debt ($)
$2.4M $125.4M $120.8M $136.4M $69.9M $312.0M $330.6M $244.4M $298.0M -$168.3M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.20% 8.30% 6.80% 4.70% 5.10% 4.10% 6.00% 5.90% 4.60% 3.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
10.20% 10.40% 12.20% 8.40% 22.00% 10.60% 8.30% 11.40% 14.90% 4.90% 2016201720182019202020212022202320242025
Debt / equity (×)
0.27× 0.72× 0.55× 0.52× 0.41× 0.82× 0.75× 0.52× 0.55× 0.16× 2016201720182019202020212022202320242025
EPS ($)
$0.63 $1.13 $1.43 $1.15 $1.25 $1.41 $2.06 $2.02 $1.77 $1.47 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

NOVANTA INC trades at about 113.6× earnings — above its 10-year norm (10-year range 35.5×–99.9×, median 78.9×).

35.5× 113.6×

Shaded band = 10-year range (35.5×–99.9×); dot = today's 113.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin44.4%44.4%45.4%44.0%42.5%41.4%41.9%42.6%42.3%42.2%
Operating margin9.6%11.6%12.5%12.0%9.1%9.5%8.8%11.6%11.0%8.6%
Net margin5.5%6.8%8.3%8.6%7.1%7.5%6.5%8.0%11.5%5.7%
FCF margin4.9%14.9%11.4%8.3%10.6%22.0%8.4%12.2%10.4%10.2%
Return on assets3.0%4.6%5.9%6.0%4.1%5.1%4.7%6.8%8.3%5.2%
Return on equity4.1%8.6%10.8%12.8%9.7%9.3%9.8%13.3%19.3%8.5%
Debt / equity0.16×0.55×0.52×0.75×0.82×0.41×0.52×0.55×0.72×0.27×
Current ratio3.692.582.982.562.032.662.262.702.932.83

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.