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Novanta (NOVT) Competitors

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$141.54 -1.72 (-1.20%)
Closing price 07/24/2026 04:00 PM Eastern
Extended Trading
$142.84 +1.31 (+0.92%)
As of 07/24/2026 07:34 PM Eastern
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NOVT vs. CSQ, LFUS, NDSN, AVNT, and BC

Should you buy Novanta stock or one of its competitors? MarketBeat compares Novanta with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Novanta include Calamos Strategic Total Return Fund (CSQ), Littelfuse (LFUS), Nordson (NDSN), Avient (AVNT), and Brunswick (BC).

How does Novanta compare to Calamos Strategic Total Return Fund?

Calamos Strategic Total Return Fund (NASDAQ:CSQ) and Novanta (NASDAQ:NOVT) are related companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, earnings, media sentiment, valuation, institutional ownership, profitability, risk and analyst recommendations.

98.4% of Novanta shares are held by institutional investors. 1.2% of Novanta shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Novanta has a net margin of 5.35% compared to Calamos Strategic Total Return Fund's net margin of 0.00%. Novanta's return on equity of 12.06% beat Calamos Strategic Total Return Fund's return on equity.

Company Net Margins Return on Equity Return on Assets
Calamos Strategic Total Return FundN/A N/A N/A
Novanta 5.35%12.06%7.70%

In the previous week, Novanta had 6 more articles in the media than Calamos Strategic Total Return Fund. MarketBeat recorded 7 mentions for Novanta and 1 mentions for Calamos Strategic Total Return Fund. Novanta's average media sentiment score of 1.39 beat Calamos Strategic Total Return Fund's score of 1.28 indicating that Novanta is being referred to more favorably in the news media.

Company Overall Sentiment
Calamos Strategic Total Return Fund Positive
Novanta Positive

Novanta has lower revenue, but higher earnings than Calamos Strategic Total Return Fund.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Calamos Strategic Total Return Fund$1.06BN/AN/AN/AN/A
Novanta$980.60M5.45$53.83M$1.38102.57

Novanta has a consensus price target of $180.00, indicating a potential upside of 27.17%. Given Novanta's stronger consensus rating and higher probable upside, analysts plainly believe Novanta is more favorable than Calamos Strategic Total Return Fund.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Calamos Strategic Total Return Fund
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Novanta
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33

Summary

Novanta beats Calamos Strategic Total Return Fund on 10 of the 11 factors compared between the two stocks.

How does Novanta compare to Littelfuse?

Novanta (NASDAQ:NOVT) and Littelfuse (NASDAQ:LFUS) are both computer and technology companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, risk, valuation, profitability, media sentiment, earnings, analyst recommendations and dividends.

Novanta has higher earnings, but lower revenue than Littelfuse. Littelfuse is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Novanta$980.60M5.45$53.83M$1.38102.57
Littelfuse$2.39B4.29-$71.70M-$1.69N/A

Novanta has a beta of 1.67, meaning that its stock price is 67% more volatile than the broader market. Comparatively, Littelfuse has a beta of 1.49, meaning that its stock price is 49% more volatile than the broader market.

Novanta has a net margin of 5.35% compared to Littelfuse's net margin of -1.61%. Novanta's return on equity of 12.06% beat Littelfuse's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta5.35% 12.06% 7.70%
Littelfuse -1.61%11.62%7.39%

In the previous week, Littelfuse had 4 more articles in the media than Novanta. MarketBeat recorded 11 mentions for Littelfuse and 7 mentions for Novanta. Novanta's average media sentiment score of 1.39 beat Littelfuse's score of 1.34 indicating that Novanta is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Novanta
5 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Littelfuse
8 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Novanta currently has a consensus target price of $180.00, suggesting a potential upside of 27.17%. Littelfuse has a consensus target price of $465.83, suggesting a potential upside of 15.06%. Given Novanta's higher probable upside, research analysts clearly believe Novanta is more favorable than Littelfuse.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33
Littelfuse
1 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.50

98.4% of Novanta shares are owned by institutional investors. Comparatively, 96.1% of Littelfuse shares are owned by institutional investors. 1.2% of Novanta shares are owned by insiders. Comparatively, 1.0% of Littelfuse shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Summary

Novanta beats Littelfuse on 12 of the 16 factors compared between the two stocks.

How does Novanta compare to Nordson?

Novanta (NASDAQ:NOVT) and Nordson (NASDAQ:NDSN) are related companies, but which is the superior business? We will contrast the two companies based on the strength of their institutional ownership, media sentiment, risk, dividends, profitability, analyst recommendations, earnings and valuation.

Nordson has a net margin of 18.19% compared to Novanta's net margin of 5.35%. Nordson's return on equity of 20.08% beat Novanta's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta5.35% 12.06% 7.70%
Nordson 18.19%20.08%10.39%

Novanta has a beta of 1.67, meaning that its share price is 67% more volatile than the broader market. Comparatively, Nordson has a beta of 0.96, meaning that its share price is 4% less volatile than the broader market.

In the previous week, Nordson had 8 more articles in the media than Novanta. MarketBeat recorded 15 mentions for Nordson and 7 mentions for Novanta. Novanta's average media sentiment score of 1.39 beat Nordson's score of 1.30 indicating that Novanta is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Novanta
5 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Nordson
11 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

98.4% of Novanta shares are owned by institutional investors. Comparatively, 72.1% of Nordson shares are owned by institutional investors. 1.2% of Novanta shares are owned by company insiders. Comparatively, 0.8% of Nordson shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Nordson has higher revenue and earnings than Novanta. Nordson is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Novanta$980.60M5.45$53.83M$1.38102.57
Nordson$2.90B5.68$484.47M$9.3831.53

Novanta presently has a consensus price target of $180.00, suggesting a potential upside of 27.17%. Nordson has a consensus price target of $311.29, suggesting a potential upside of 5.25%. Given Novanta's higher possible upside, analysts plainly believe Novanta is more favorable than Nordson.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33
Nordson
0 Sell rating(s)
3 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.63

Summary

Nordson beats Novanta on 10 of the 16 factors compared between the two stocks.

How does Novanta compare to Avient?

Novanta (NASDAQ:NOVT) and Avient (NYSE:AVNT) are related mid-cap companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, earnings, media sentiment, dividends, analyst recommendations, valuation, risk and profitability.

Novanta currently has a consensus target price of $180.00, suggesting a potential upside of 27.17%. Avient has a consensus target price of $45.71, suggesting a potential upside of 21.67%. Given Novanta's higher probable upside, analysts plainly believe Novanta is more favorable than Avient.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33
Avient
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43

Novanta has a beta of 1.67, indicating that its stock price is 67% more volatile than the broader market. Comparatively, Avient has a beta of 1.27, indicating that its stock price is 27% more volatile than the broader market.

98.4% of Novanta shares are owned by institutional investors. Comparatively, 95.5% of Avient shares are owned by institutional investors. 1.2% of Novanta shares are owned by insiders. Comparatively, 0.9% of Avient shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Avient has higher revenue and earnings than Novanta. Avient is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Novanta$980.60M5.45$53.83M$1.38102.57
Avient$3.28B1.05$81.90M$1.7221.84

Novanta has a net margin of 5.35% compared to Avient's net margin of 4.81%. Novanta's return on equity of 12.06% beat Avient's return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta5.35% 12.06% 7.70%
Avient 4.81%11.11%4.40%

In the previous week, Novanta had 3 more articles in the media than Avient. MarketBeat recorded 7 mentions for Novanta and 4 mentions for Avient. Novanta's average media sentiment score of 1.39 beat Avient's score of 0.81 indicating that Novanta is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Novanta
5 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Avient
2 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Novanta beats Avient on 11 of the 16 factors compared between the two stocks.

How does Novanta compare to Brunswick?

Brunswick (NYSE:BC) and Novanta (NASDAQ:NOVT) are related mid-cap companies, but which is the superior stock? We will contrast the two companies based on the strength of their profitability, dividends, earnings, risk, media sentiment, valuation, analyst recommendations and institutional ownership.

Novanta has lower revenue, but higher earnings than Brunswick. Brunswick is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Brunswick$5.52B0.94-$137.30M-$2.10N/A
Novanta$980.60M5.45$53.83M$1.38102.57

Brunswick has a beta of 1.33, meaning that its stock price is 33% more volatile than the broader market. Comparatively, Novanta has a beta of 1.67, meaning that its stock price is 67% more volatile than the broader market.

Brunswick currently has a consensus price target of $87.07, indicating a potential upside of 8.97%. Novanta has a consensus price target of $180.00, indicating a potential upside of 27.17%. Given Novanta's higher possible upside, analysts plainly believe Novanta is more favorable than Brunswick.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Brunswick
1 Sell rating(s)
7 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.47
Novanta
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.33

99.3% of Brunswick shares are held by institutional investors. Comparatively, 98.4% of Novanta shares are held by institutional investors. 1.0% of Brunswick shares are held by insiders. Comparatively, 1.2% of Novanta shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Novanta has a net margin of 5.35% compared to Brunswick's net margin of -2.47%. Brunswick's return on equity of 13.30% beat Novanta's return on equity.

Company Net Margins Return on Equity Return on Assets
Brunswick-2.47% 13.30% 4.09%
Novanta 5.35%12.06%7.70%

In the previous week, Brunswick had 11 more articles in the media than Novanta. MarketBeat recorded 18 mentions for Brunswick and 7 mentions for Novanta. Novanta's average media sentiment score of 1.39 beat Brunswick's score of 0.71 indicating that Novanta is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Brunswick
8 Very Positive mention(s)
2 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Novanta
5 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Novanta beats Brunswick on 10 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding NOVT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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NOVT vs. The Competition

MetricNovantaELEC IndustryComputer SectorNASDAQ Exchange
Market Cap$5.41B$6.90B$37.14B$12.26B
Dividend YieldN/A1.63%3.17%9.79%
P/E Ratio102.5745.7676.4423.64
Price / Sales5.453.34593.0589.57
Price / Cash28.0326.6644.4859.64
Price / Book3.853.429.076.07
Net Income$53.83M$191.37M$1.07B$331.99M
7 Day Performance-4.82%-0.68%-1.81%-0.63%
1 Month Performance-11.77%-10.21%-2.70%-2.00%
1 Year Performance11.26%45.98%133.84%13.62%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOVT
Novanta
3.6842 of 5 stars
$141.54
-1.2%
$180.00
+27.2%
+13.1%$5.41B$980.60M102.573,000
CSQ
Calamos Strategic Total Return Fund
N/A$20.24
+0.2%
N/A+8.3%$0.00$1.06BN/AN/A
LFUS
Littelfuse
4.2636 of 5 stars
$401.65
+1.0%
$465.83
+16.0%
+77.3%$10.06B$2.39BN/A17,000
NDSN
Nordson
4.0494 of 5 stars
$285.24
-1.3%
$311.29
+9.1%
+35.0%$16.10B$2.79B30.418,000
AVNT
Avient
3.9791 of 5 stars
$36.10
-2.3%
$45.71
+26.6%
+11.9%$3.39B$3.26B20.999,000

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This page (NASDAQ:NOVT) was last updated on 7/25/2026 by MarketBeat.com Staff.
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