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Novanta (NOVT) Competitors

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$161.72 0.00 (0.00%)
Closing price 07/2/2026 04:00 PM Eastern
Extended Trading
$161.75 +0.03 (+0.02%)
As of 07/2/2026 07:51 PM Eastern
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NOVT vs. CSQ, LFUS, AVNT, BC, and NPO

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), Avient (AVNT), Brunswick (BC), and Enpro (NPO).

How does Novanta compare to Calamos Strategic Total Return Fund?

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

In the previous week, Novanta had 2 more articles in the media than Calamos Strategic Total Return Fund. MarketBeat recorded 3 mentions for Novanta and 1 mentions for Calamos Strategic Total Return Fund. Calamos Strategic Total Return Fund's average media sentiment score of 2.00 beat Novanta's score of 0.27 indicating that Calamos Strategic Total Return Fund is being referred to more favorably in the news media.

Company Overall Sentiment
Novanta Neutral
Calamos Strategic Total Return Fund Very Positive

Novanta has higher revenue and earnings than Calamos Strategic Total Return Fund.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Novanta$980.60M6.23$53.83M$1.38117.19
Calamos Strategic Total Return Fund$723.74MN/AN/AN/AN/A

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 hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Novanta presently has a consensus target price of $180.00, suggesting a potential upside of 11.30%. Given Novanta's stronger consensus rating and higher possible upside, equities research analysts clearly believe Novanta is more favorable than Calamos Strategic Total Return Fund.

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
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 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
Novanta5.35% 12.06% 7.70%
Calamos Strategic Total Return Fund N/A N/A N/A

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 contrast the two businesses based on the strength of their earnings, valuation, risk, dividends, institutional ownership, media sentiment, profitability and analyst recommendations.

In the previous week, Littelfuse had 5 more articles in the media than Novanta. MarketBeat recorded 8 mentions for Littelfuse and 3 mentions for Novanta. Littelfuse's average media sentiment score of 1.37 beat Novanta's score of 0.27 indicating that Littelfuse is being referred to more favorably in the news media.

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

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$980.60M6.23$53.83M$1.38117.19
Littelfuse$2.39B4.43-$71.70M-$1.69N/A

98.4% of Novanta shares are held by institutional investors. Comparatively, 96.1% of Littelfuse shares are held by institutional investors. 1.2% of Novanta shares are held by insiders. Comparatively, 1.0% of Littelfuse shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Novanta presently has a consensus target price of $180.00, suggesting a potential upside of 11.30%. Littelfuse has a consensus target price of $465.83, suggesting a potential upside of 11.32%. Given Littelfuse's stronger consensus rating and higher possible upside, analysts clearly believe Littelfuse is more favorable than Novanta.

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)
0 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
2.83

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%

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

Summary

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

How does Novanta compare to Avient?

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

95.5% of Avient shares are held by institutional investors. Comparatively, 98.4% of Novanta shares are held by institutional investors. 0.9% of Avient shares are held by company insiders. Comparatively, 1.2% of Novanta shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock 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
Avient$3.26B1.05$81.90M$1.7221.68
Novanta$980.60M6.23$53.83M$1.38117.19

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
Avient4.81% 11.11% 4.40%
Novanta 5.35%12.06%7.70%

Avient presently has a consensus target price of $45.71, suggesting a potential upside of 22.58%. Novanta has a consensus target price of $180.00, suggesting a potential upside of 11.30%. Given Avient's stronger consensus rating and higher possible upside, equities research analysts plainly believe Avient is more favorable than Novanta.

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

Avient has a beta of 1.27, meaning that its stock price is 27% 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.

In the previous week, Novanta had 2 more articles in the media than Avient. MarketBeat recorded 3 mentions for Novanta and 1 mentions for Avient. Novanta's average media sentiment score of 0.27 beat Avient's score of 0.00 indicating that Novanta is being referred to more favorably in the news media.

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

Summary

Novanta beats Avient on 10 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 business? We will compare the two companies based on the strength of their media sentiment, earnings, institutional ownership, profitability, valuation, analyst recommendations, risk and dividends.

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

Brunswick presently has a consensus target price of $87.00, suggesting a potential upside of 9.89%. Novanta has a consensus target price of $180.00, suggesting a potential upside of 11.30%. Given Novanta's higher possible upside, analysts clearly 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

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%

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$5.36B0.96-$137.30M-$2.10N/A
Novanta$980.60M6.23$53.83M$1.38117.19

In the previous week, Brunswick and Brunswick both had 3 articles in the media. Brunswick's average media sentiment score of 1.79 beat Novanta's score of 0.27 indicating that Brunswick is being referred to more favorably in the media.

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

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 company insiders. Comparatively, 1.2% of Novanta shares are held by company 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.

Summary

Novanta beats Brunswick on 9 of the 16 factors compared between the two stocks.

How does Novanta compare to Enpro?

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

Enpro has a beta of 1.51, indicating that its stock price is 51% more volatile than the broader market. Comparatively, Novanta has a beta of 1.67, indicating that its stock price is 67% more volatile than the broader market.

In the previous week, Novanta had 3 more articles in the media than Enpro. MarketBeat recorded 3 mentions for Novanta and 0 mentions for Enpro. Enpro's average media sentiment score of 1.00 beat Novanta's score of 0.27 indicating that Enpro is being referred to more favorably in the media.

Company Overall Sentiment
Enpro Positive
Novanta Neutral

Enpro currently has a consensus price target of $315.00, suggesting a potential downside of 6.36%. Novanta has a consensus price target of $180.00, suggesting a potential upside of 11.30%. Given Novanta's higher probable upside, analysts clearly believe Novanta is more favorable than Enpro.

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

98.3% of Enpro shares are owned by institutional investors. Comparatively, 98.4% of Novanta shares are owned by institutional investors. 1.6% of Enpro shares are owned by company insiders. Comparatively, 1.2% of Novanta shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Novanta has a net margin of 5.35% compared to Enpro's net margin of 3.70%. Novanta's return on equity of 12.06% beat Enpro's return on equity.

Company Net Margins Return on Equity Return on Assets
Enpro3.70% 11.33% 6.89%
Novanta 5.35%12.06%7.70%

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Enpro$1.14B6.22$40.50M$2.03165.71
Novanta$980.60M6.23$53.83M$1.38117.19

Summary

Novanta beats Enpro on 9 of the 16 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$6.11B$7.23B$38.45B$12.47B
Dividend YieldN/A1.61%3.17%6.51%
P/E Ratio117.1948.2678.8624.69
Price / Sales6.233.85607.9399.67
Price / Cash31.6428.2545.6257.09
Price / Book4.404.069.556.46
Net Income$53.83M$191.40M$1.07B$337.01M
7 Day Performance2.65%-2.48%1.03%1.69%
1 Month Performance-2.05%-7.82%-3.13%0.67%
1 Year Performance21.19%58.64%143.62%23.93%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOVT
Novanta
1.8912 of 5 stars
$161.72
flat
$180.00
+11.3%
+21.2%$6.11B$980.60M117.193,000
CSQ
Calamos Strategic Total Return Fund
N/A$20.29
+1.2%
N/A+11.3%$0.00$723.74MN/AN/A
LFUS
Littelfuse
4.5066 of 5 stars
$449.02
-0.7%
$465.83
+3.7%
+77.0%$11.44B$2.39BN/A17,000
AVNT
Avient
3.6894 of 5 stars
$36.79
-2.9%
$45.71
+24.2%
+8.3%$3.48B$3.28B21.399,000
BC
Brunswick
4.0322 of 5 stars
$85.50
-1.8%
$87.00
+1.8%
+33.2%$5.57B$5.52BN/A14,000

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This page (NASDAQ:NOVT) was last updated on 7/4/2026 by MarketBeat.com Staff.
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