Novanta (NOVT) Financials

$123.32 +3.19 (+2.66%)

Closing price 04:00 PM Eastern

Extended Trading

$123.24 -0.08 (-0.07%)

As of 04:38 PM Eastern

Annual Income Statements for Novanta

This table shows Novanta's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	64	73	74	50	45	41	49	60	22	36
Consolidated Net Income / (Loss)	64	73	74	50	45	41	51	62	22	36
Net Income / (Loss) Continuing Operations	64	73	74	50	45	41	51	62	22	36
Total Pre-Tax Income	79	84	87	56	48	46	61	76	33	46
Total Operating Income	111	110	103	64	56	55	71	58	33	29
Total Gross Profit	422	400	378	300	245	262	262	221	162	158
Total Revenue	949	882	861	707	591	626	614	521	385	374
Operating Revenue	949	882	861	707	591	626	614	521	385	374
Total Cost of Revenue	528	482	482	406	346	364	353	301	222	216
Operating Cost of Revenue	528	482	482	406	346	364	353	301	222	216
Total Operating Expenses	311	289	275	236	189	207	191	163	129	129
Selling, General & Admin Expense	176	164	159	129	110	118	116	102	81	82
Research & Development Expense	96	92	86	73	61	56	51	42	32	31
Amortization Expense	26	20	26	17	14	16	16	12	8.25	7.61
Restructuring Charge	14	13	4.38	18	3.81	17	8.04	7.54	7.95	8.25
Total Other Income / (Expense), net	-32	-27	-16	-7.88	-7.49	-9.52	-9.71	19	-0.43	17
Interest & Investment Income	-31	-26	-16	-7.39	-6.56	-8.49	-9.81	-7.17	-4.56	-
Other Income / (Expense), net	-0.03	-0.93	-0.30	-0.50	-0.92	-1.02	0.10	26	4.13	22
Income Tax Expense	15	11	13	5.84	3.88	4.99	10	14	11	10
Basic Earnings per Share	$1.78	$2.03	$2.08	$1.42	$1.27	$1.16	$1.46	$1.14	$0.63	$1.03
Weighted Average Basic Shares Outstanding	35.95M	35.84M	35.65M	35.40M	35.14M	35.03M	34.91M	34.82M	34.69M	34.58M
Diluted Earnings per Share	$1.77	$2.02	$2.06	$1.41	$1.25	$1.15	$1.43	$1.13	$0.63	$1.02
Weighted Average Diluted Shares Outstanding	36.12M	36.03M	35.91M	35.78M	35.65M	35.55M	35.47M	35.28M	34.91M	34.83M
Weighted Average Basic & Diluted Shares Outstanding	35.96M	35.85M	35.74M	35.63M	35.31M	35.09M	33.60M	52.70M	34.90M	34.60M

This table shows Novanta's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	21	16	19	14	15	13	21	21	18	15	22
Consolidated Net Income / (Loss)	21	16	19	14	15	13	21	21	18	15	22
Net Income / (Loss) Continuing Operations	21	16	19	14	15	13	21	21	18	15	22
Total Pre-Tax Income	26	21	24	17	17	16	23	25	20	19	27
Total Operating Income	32	27	33	26	26	22	30	32	26	27	29
Total Gross Profit	104	108	109	104	100	97	102	104	98	95	98
Total Revenue	233	238	244	236	231	212	222	229	219	218	223
Operating Revenue	233	238	244	236	231	212	222	229	219	218	223
Total Cost of Revenue	129	130	135	132	131	115	120	125	121	124	125
Operating Cost of Revenue	129	130	135	132	131	115	120	125	121	124	125
Total Operating Expenses	72	82	77	78	75	75	71	72	71	68	70
Selling, General & Admin Expense	46	43	44	45	44	42	40	42	41	39	40
Research & Development Expense	23	25	23	24	23	23	22	23	23	22	21
Amortization Expense	5.55	6.55	6.59	6.91	5.75	5.10	5.13	5.12	5.09	5.35	6.47
Restructuring Charge	-2.46	6.38	2.50	2.54	2.28	4.62	4.48	1.23	2.48	1.73	1.63
Total Other Income / (Expense), net	-6.00	-5.91	-8.33	-8.59	-8.69	-5.93	-7.32	-6.93	-6.58	-7.91	-1.89
Interest & Investment Income	-5.64	-6.89	-8.08	-8.27	-8.25	-5.92	-6.76	-6.81	-6.33	-5.69	-4.06
Other Income / (Expense), net	-0.36	0.98	-0.25	-0.32	-0.44	-0.01	-0.56	-0.12	-0.24	-2.22	2.17
Income Tax Expense	5.21	4.33	5.03	3.38	2.24	3.24	1.77	4.39	1.47	3.67	4.28
Basic Earnings per Share	$0.59	$0.46	$0.53	$0.38	$0.41	$0.35	$0.59	$0.58	$0.51	$0.43	$0.63
Weighted Average Basic Shares Outstanding	36.02M	35.95M	35.96M	35.95M	35.91M	35.84M	35.86M	35.85M	35.81M	35.65M	35.73M
Diluted Earnings per Share	$0.59	$0.45	$0.53	$0.38	$0.41	$0.34	$0.59	$0.58	$0.51	$0.41	$0.63
Weighted Average Diluted Shares Outstanding	36.13M	36.12M	36.13M	36.09M	36.13M	36.03M	36.04M	36.03M	36.00M	35.91M	35.93M
Weighted Average Basic & Diluted Shares Outstanding	35.97M	35.96M	35.92M	35.90M	35.89M	35.85M	35.81M	35.81M	35.81M	35.74M	35.69M

This table details how cash moves in and out of Novanta's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	8.94	4.95	-17	-7.66	46	-3.10	-18	32	8.15	8.81
Net Cash From Operating Activities	159	120	91	95	140	63	90	63	48	33
Net Cash From Continuing Operating Activities	159	120	91	95	140	63	90	63	48	33
Net Income / (Loss) Continuing Operations	64	73	74	50	45	41	51	62	22	36
Consolidated Net Income / (Loss)	64	73	74	50	45	41	51	62	22	36
Depreciation Expense	56	47	53	43	38	38	37	31	20	19
Amortization Expense	0.00	0.00	0.62	0.00	0.00	-	-	4.75	-	-
Non-Cash Adjustments To Reconcile Net Income	36	37	28	32	29	16	11	-18	7.70	-14
Changes in Operating Assets and Liabilities, net	2.73	-36	-65	-31	29	-32	-9.01	-16	-2.27	-7.69
Net Cash From Investing Activities	-208	-20	-43	-307	-13	-64	-46	-177	-13	-1.63
Net Cash From Continuing Investing Activities	-208	-20	-43	-307	-13	-64	-46	-177	-13	-1.84
Purchase of Property, Plant & Equipment	-17	-20	-20	-20	-11	-11	-15	-9.09	-8.46	-5.55
Acquisitions	-191	0.00	-23	-287	-2.63	-53	-31	-168	-13	-26
Sale of Property, Plant & Equipment	0.17	0.07	0.14	0.20	0.00	0.04	0.27	0.05	7.04	0.13
Net Cash From Financing Activities	57	-98	-60	205	-84	-3.94	-60	143	-23	-22
Net Cash From Continuing Financing Activities	57	-98	-60	205	-84	-3.94	-60	143	-23	-22
Repayment of Debt	-131	-87	-62	-34	-38	-54	-75	-28	-20	-31
Repurchase of Common Equity	0.00	0.00	-10	0.00	-5.50	-10	-5.85	-0.37	-1.63	-1.63
Issuance of Debt	198	0.00	70	280	0.00	67	55	177	0.00	13
Other Financing Activities, net	-9.71	-11	-58	-41	-41	-6.94	-3.56	-4.64	-1.79	-1.94
Effect of Exchange Rate Changes	1.67	2.62	-5.37	-0.34	3.38	1.43	-1.91	2.62	-3.59	-1.44
Cash Interest Paid	33	25	14	6.21	5.53	8.39	8.92	5.83	2.92	3.78
Cash Income Taxes Paid	21	37	20	11	5.88	14	20	21	14	11

This table details how cash moves in and out of Novanta's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-7.94	21	-5.78	4.95	-12	29	-15	8.65	-17	16	-16
Net Cash From Operating Activities	32	62	23	41	33	39	45	26	10	41	15
Net Cash From Continuing Operating Activities	32	62	23	41	33	39	45	26	10	41	15
Net Income / (Loss) Continuing Operations	21	16	19	14	15	13	21	21	18	15	22
Consolidated Net Income / (Loss)	21	16	19	14	15	13	21	21	18	15	22
Depreciation Expense	14	14	14	14	13	12	11	12	12	12	13
Non-Cash Adjustments To Reconcile Net Income	3.88	6.09	8.36	11	11	8.99	11	7.96	9.05	8.18	6.36
Changes in Operating Assets and Liabilities, net	-6.97	25	-19	2.12	-5.37	5.95	1.38	-15	-29	5.01	-27
Net Cash From Investing Activities	1.25	-2.08	-3.56	-4.94	-198	-6.15	-6.80	-3.33	-3.62	-4.26	-26
Net Cash From Continuing Investing Activities	1.25	-2.08	-3.56	-4.94	-198	-6.15	-6.80	-3.33	-3.62	-4.26	-26
Purchase of Property, Plant & Equipment	-4.28	-2.25	-3.56	-4.94	-6.42	-6.22	-6.80	-3.33	-3.62	-4.26	-3.28
Acquisitions	0.00	-	-	-	-191	-	-	-	0.00	-	-22
Sale of Property, Plant & Equipment	5.54	-	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-43	-36	-29	-32	153	-5.07	-52	-16	-25	-23	-1.20
Net Cash From Continuing Financing Activities	-43	-36	-29	-32	153	-5.07	-52	-16	-25	-23	-1.20
Repayment of Debt	-30	-35	-29	-32	-36	-4.60	-52	-15	-15	-21	-25
Repurchase of Common Equity	-6.16	-	-	-	-	-	-	-	-	-	-
Issuance of Debt	0.00	-	-	-	198	-	-	-	0.00	-	-
Other Financing Activities, net	-6.67	-0.79	-0.06	-0.48	-8.39	-0.47	-0.16	-0.41	-9.60	-2.10	-46
Effect of Exchange Rate Changes	1.85	-2.57	3.64	0.81	-0.21	1.32	-1.25	1.54	1.01	2.66	-3.81
Cash Interest Paid	5.64	7.30	8.89	8.64	7.85	6.01	6.58	6.57	6.14	5.30	3.72
Cash Income Taxes Paid	5.30	2.35	11	6.63	1.41	8.22	7.37	17	4.37	3.19	7.40

This table presents Novanta's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	1,389	1,226	1,241	1,228	865	870	720	727	426	416
Total Current Assets	434	415	421	374	304	305	282	288	199	0.00
Cash & Equivalents	114	105	100	117	125	79	82	100	68	60
Accounts Receivable	151	139	138	116	75	91	84	81	64	57
Inventories, net	145	149	168	126	93	117	105	91	60	60
Prepaid Expenses	16	13	13	13	8.13	12	9.16	11	5.57	5.99
Current Deferred & Refundable Income Taxes	8.08	8.11	1.51	2.00	3.20	5.91	1.85	4.39	2.06	2.51
Plant, Property, & Equipment, net	113	109	103	87	79	78	65	62	35	41
Total Noncurrent Assets	842	701	718	767	482	488	372	377	191	190
Goodwill	584	485	479	480	286	275	218	211	108	103
Intangible Assets	186	145	176	221	149	166	143	155	62	66
Noncurrent Deferred & Refundable Income Taxes	23	28	15	12	10	8.89	9.49	7.05	8.59	7.89
Other Noncurrent Operating Assets	49	44	48	54	37	38	2.27	4.02	13	13
Total Liabilities & Shareholders' Equity	1,389	1,226	1,241	1,228	865	870	720	727	426	0.00
Total Liabilities	643	553	664	707	388	453	351	368	167	0.00
Total Current Liabilities	168	139	165	184	114	135	104	98	70	0.00
Short-Term Debt	4.69	4.97	4.80	5.10	5.51	5.03	4.54	9.12	7.37	0.00
Accounts Payable	77	57	75	69	43	53	51	40	32	0.00
Accrued Expenses	60	61	63	98	54	70	46	43	27	0.00
Current Deferred & Payable Income Tax Liabilities	16	7.77	14	4.51	5.79	1.86	2.63	5.94	3.97	0.00
Other Current Liabilities	9.88	8.19	7.79	7.33	6.19	5.04	0.00	-	-	-
Total Noncurrent Liabilities	475	413	499	523	274	318	247	270	96	0.00
Long-Term Debt	412	349	431	429	195	215	203	226	71	0.00
Capital Lease Obligations	41	37	41	-	33	34	0.00	-	-	-
Noncurrent Deferred Revenue	4.94	4.44	4.36	4.22	5.11	4.71	4.46	3.75	5.71	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	13	16	17	34	24	27	23	26	1.29	0.00
Other Noncurrent Operating Liabilities	4.49	5.93	6.09	55	17	37	17	15	19	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	746	673	578	521	477	417	368	312	259	0.00
Total Preferred & Common Equity	746	673	578	521	477	417	368	312	259	0.00
Preferred Stock	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-
Total Common Equity	746	673	578	521	477	417	368	312	259	0.00
Common Stock	508	494	479	478	483	474	470	457	454	0.00
Retained Earnings	268	203	131	57	6.20	-38	-79	-128	-168	0.00
Accumulated Other Comprehensive Income / (Loss)	-30	-24	-32	-13	-12	-18	-23	-18	-28	0.00

This table presents Novanta's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/28/2025	9/27/2024	6/28/2024	3/29/2024	9/29/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,385	1,419	1,399	1,411	1,194	1,233	1,226	1,208
Total Current Assets	434	437	425	429	391	414	405	408
Cash & Equivalents	106	93	98	94	76	91	83	85
Accounts Receivable	164	165	145	151	143	145	141	145
Inventories, net	145	154	160	161	154	163	167	163
Prepaid Expenses	13	13	12	15	13	12	12	15
Current Deferred & Refundable Income Taxes	5.83	13	9.36	7.73	5.30	3.14	1.67	0.99
Plant, Property, & Equipment, net	113	120	115	113	103	104	104	95
Total Noncurrent Assets	839	862	859	868	700	715	717	705
Goodwill	589	594	587	590	478	483	483	465
Intangible Assets	178	198	207	215	151	161	169	179
Noncurrent Deferred & Refundable Income Taxes	25	19	16	13	25	21	18	12
Other Noncurrent Operating Assets	47	51	49	50	46	49	48	49
Total Liabilities & Shareholders' Equity	1,385	1,419	1,399	1,411	1,194	1,233	1,226	1,208
Total Liabilities	616	677	697	729	549	607	628	665
Total Current Liabilities	170	157	153	151	138	136	142	158
Short-Term Debt	4.85	5.02	4.81	4.85	4.74	4.91	4.90	4.37
Accounts Payable	83	69	71	71	64	65	66	80
Accrued Expenses	56	57	55	55	54	52	49	59
Current Deferred & Payable Income Tax Liabilities	16	15	13	11	7.22	6.59	14	7.82
Other Current Liabilities	9.96	9.98	9.76	9.24	8.07	7.88	7.66	7.66
Total Noncurrent Liabilities	446	520	543	577	411	471	485	507
Long-Term Debt	385	453	477	509	348	404	419	438
Capital Lease Obligations	39	43	41	43	-	-	-	41
Noncurrent Deferred Revenue	4.67	5.34	4.82	4.69	4.93	4.66	4.52	5.15
Noncurrent Deferred & Payable Income Tax Liabilities	13	14	14	15	14	16	17	17
Other Noncurrent Operating Liabilities	4.26	5.19	5.46	5.77	44	46	45	6.25
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	770	742	702	682	645	626	598	542
Total Preferred & Common Equity	770	742	702	682	645	626	598	542
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	770	742	702	682	645	626	598	542
Common Stock	502	504	497	492	487	481	476	476
Retained Earnings	289	251	232	218	191	170	149	115
Accumulated Other Comprehensive Income / (Loss)	-21	-13	-27	-28	-33	-25	-27	-49

This table displays calculated financial ratios and metrics derived from Novanta's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.67%	2.41%	21.80%	19.67%	-5.67%	1.91%	17.85%	35.49%	2.99%	2.44%
EBITDA Growth	6.36%	-0.24%	46.38%	14.68%	0.78%	-14.45%	-8.96%	106.85%	-18.31%	540.52%
EBIT Growth	0.90%	6.61%	61.70%	15.63%	1.30%	-23.70%	-14.63%	124.64%	-27.58%	499.42%
NOPAT Growth	-6.78%	9.79%	52.59%	11.65%	4.38%	-16.79%	25.64%	111.30%	-0.46%	290.40%
Net Income Growth	-12.06%	-1.58%	47.13%	13.05%	9.19%	-20.20%	-17.99%	183.18%	-38.22%	246.91%
EPS Growth	-12.38%	-1.94%	46.10%	12.80%	8.70%	-19.58%	26.55%	79.37%	-38.24%	245.71%
Operating Cash Flow Growth	32.01%	32.27%	-4.06%	-32.53%	121.73%	-29.45%	41.45%	32.62%	43.01%	-20.98%
Free Cash Flow Firm Growth	-143.59%	422.74%	85.80%	-431.51%	218.56%	-185.04%	133.08%	-261.57%	278.34%	-44.02%
Invested Capital Growth	13.41%	0.67%	13.76%	43.31%	-1.30%	20.08%	0.11%	83.50%	-24.55%	30.83%
Revenue Q/Q Growth	2.87%	-0.77%	2.31%	7.85%	-2.02%	0.57%	1.53%	10.15%	2.30%	-1.01%
EBITDA Q/Q Growth	5.62%	-2.23%	1.47%	8.43%	4.69%	-3.87%	-1.31%	13.06%	11.86%	122.34%
EBIT Q/Q Growth	5.76%	-2.63%	2.90%	9.40%	9.08%	-7.47%	-3.77%	7.33%	19.60%	355.74%
NOPAT Q/Q Growth	4.52%	-4.44%	7.34%	2.21%	4.30%	-2.10%	4.11%	11.31%	13.55%	1,209.24%
Net Income Q/Q Growth	6.57%	-3.64%	2.08%	2.23%	8.37%	-5.62%	4.00%	3.18%	8.12%	3,760.33%
EPS Q/Q Growth	6.63%	-3.35%	1.48%	2.17%	7.76%	-5.74%	31.19%	-17.52%	10.53%	3,500.00%
Operating Cash Flow Q/Q Growth	16.60%	-1.33%	15.08%	-15.86%	8.64%	27.08%	-0.18%	16.57%	12.02%	-2.00%
Free Cash Flow Firm Q/Q Growth	72.52%	-25.46%	-207.59%	24.33%	-26.08%	-7.07%	17.95%	3.00%	636.55%	-226.73%
Invested Capital Q/Q Growth	-5.29%	4.19%	1.32%	-5.34%	2.55%	-1.41%	-2.12%	-0.83%	-1.25%	33.19%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.41%	45.36%	43.96%	42.49%	41.40%	41.86%	42.57%	42.30%	42.22%	42.26%
EBITDA Margin	17.50%	17.71%	18.19%	15.13%	15.79%	14.78%	17.61%	22.79%	14.93%	18.82%
Operating Margin	11.65%	12.53%	11.97%	9.06%	9.46%	8.83%	11.56%	11.04%	8.57%	7.74%
EBIT Margin	11.65%	12.43%	11.94%	8.99%	9.31%	8.67%	11.58%	15.98%	9.64%	13.71%
Profit (Net Income) Margin	6.75%	8.27%	8.60%	7.12%	7.54%	6.51%	8.32%	11.95%	5.72%	9.53%
Tax Burden Percent	81.06%	87.02%	84.96%	89.60%	91.98%	89.09%	83.35%	81.84%	67.66%	77.39%
Interest Burden Percent	71.52%	76.44%	84.81%	88.38%	88.06%	84.35%	86.20%	91.40%	87.71%	89.88%
Effective Tax Rate	18.94%	12.98%	15.04%	10.40%	8.02%	10.91%	16.65%	18.16%	32.34%	22.58%
Return on Invested Capital (ROIC)	8.75%	10.05%	9.77%	8.06%	8.73%	9.07%	12.00%	12.37%	7.14%	7.13%
ROIC Less NNEP Spread (ROIC-NNEP)	0.64%	3.02%	5.87%	4.74%	3.88%	3.43%	5.77%	33.42%	6.98%	13.47%
Return on Net Nonoperating Assets (RNNOA)	0.28%	1.60%	3.70%	2.02%	1.23%	1.31%	2.06%	7.82%	9.86%	26.59%
Return on Equity (ROE)	9.03%	11.65%	13.48%	10.09%	9.96%	10.38%	14.06%	20.19%	17.00%	33.72%
Cash Return on Invested Capital (CROIC)	-3.82%	9.38%	-3.10%	-27.54%	10.04%	-9.18%	11.88%	-46.54%	35.12%	-19.58%
Operating Return on Assets (OROA)	8.46%	8.88%	8.32%	6.07%	6.34%	6.83%	9.83%	14.46%	8.81%	12.61%
Return on Assets (ROA)	4.90%	5.91%	6.00%	4.81%	5.13%	5.13%	7.07%	10.81%	5.23%	8.77%
Return on Common Equity (ROCE)	9.03%	11.65%	13.48%	10.09%	9.96%	10.38%	13.15%	18.65%	17.00%	33.65%
Return on Equity Simple (ROE_SIMPLE)	8.59%	10.82%	12.82%	9.66%	9.34%	9.77%	13.87%	20.00%	8.50%	0.00%
Net Operating Profit after Tax (NOPAT)	90	96	88	57	51	49	59	47	22	22
NOPAT Margin	9.44%	10.91%	10.17%	8.12%	8.70%	7.87%	9.63%	9.04%	5.79%	6.00%
Net Nonoperating Expense Percent (NNEP)	8.11%	7.02%	3.90%	3.32%	4.85%	5.64%	6.23%	-21.05%	0.16%	-6.34%
Return On Investment Capital (ROIC_SIMPLE)	7.45%	9.03%	8.31%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	55.59%	54.64%	56.04%	57.51%	58.60%	58.14%	57.43%	57.70%	57.78%	57.74%
SG&A Expenses to Revenue	18.54%	18.65%	18.46%	18.27%	18.60%	18.91%	18.87%	19.50%	21.13%	21.96%
R&D to Revenue	10.06%	10.40%	9.96%	10.26%	10.33%	8.94%	8.31%	7.99%	8.32%	8.31%
Operating Expenses to Revenue	32.76%	32.82%	31.99%	33.43%	31.94%	33.03%	31.01%	31.26%	33.66%	34.52%
Earnings before Interest and Taxes (EBIT)	111	110	103	64	55	54	71	83	37	51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	166	156	157	107	93	93	108	119	57	70
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.36	8.96	8.40	12.04	8.72	7.44	5.97	5.55	2.79	0.00
Price to Tangible Book Value (P/TBV)	0.00	137.28	0.00	0.00	98.25	0.00	286.59	0.00	8.13	0.00
Price to Revenue (P/Rev)	5.78	6.84	5.63	8.88	7.04	4.95	3.58	3.32	1.88	0.00
Price to Earnings (P/E)	85.63	82.75	65.49	124.72	93.36	76.08	44.78	28.80	32.87	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.17%	1.21%	1.53%	0.80%	1.07%	1.31%	2.23%	3.47%	3.04%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.35	6.58	5.48	7.87	7.29	5.53	4.71	3.88	2.73	0.00
Enterprise Value to Revenue (EV/Rev)	6.14	7.17	6.07	9.33	7.22	5.23	3.78	3.67	1.91	0.00
Enterprise Value to EBITDA (EV/EBITDA)	35.10	40.45	33.38	61.66	45.73	35.42	21.49	16.09	12.76	0.00
Enterprise Value to EBIT (EV/EBIT)	52.74	57.66	50.84	103.75	77.59	60.40	32.68	22.94	19.77	0.00
Enterprise Value to NOPAT (EV/NOPAT)	65.05	65.70	59.67	114.90	82.97	66.55	39.27	40.57	32.88	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	36.79	52.61	57.56	69.69	30.41	51.82	25.93	30.15	15.34	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	70.37	0.00	0.00	72.15	0.00	39.65	0.00	6.68	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.61	0.58	0.82	0.83	0.49	0.61	0.56	0.65	0.30	0.00
Long-Term Debt to Equity	0.61	0.57	0.82	0.82	0.48	0.60	0.55	0.63	0.27	0.00
Financial Leverage	0.44	0.53	0.63	0.43	0.32	0.38	0.36	0.23	1.41	1.97
Leverage Ratio	1.84	1.97	2.25	2.10	1.94	2.02	1.99	1.87	3.25	3.85
Compound Leverage Factor	1.32	1.51	1.91	1.85	1.71	1.71	1.72	1.71	2.85	3.46
Debt to Total Capital	38.01%	36.77%	45.19%	45.46%	32.85%	37.89%	36.03%	39.56%	23.14%	0.00%
Short-Term Debt to Total Capital	0.39%	0.47%	0.46%	0.53%	0.78%	0.75%	0.79%	1.54%	2.19%	0.00%
Long-Term Debt to Total Capital	37.62%	36.31%	44.74%	44.92%	32.07%	37.14%	35.24%	38.02%	20.95%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.91%	0.00%	0.00%
Common Equity to Total Capital	61.99%	63.23%	54.81%	54.54%	67.15%	62.11%	63.97%	52.53%	76.86%	0.00%
Debt to EBITDA	2.75	2.51	3.04	4.06	2.50	2.75	1.92	1.97	1.36	0.00
Net Debt to EBITDA	2.07	1.84	2.40	2.96	1.16	1.90	1.16	1.13	0.17	0.00
Long-Term Debt to EBITDA	2.72	2.48	3.01	4.01	2.44	2.70	1.88	1.90	1.23	0.00
Debt to NOPAT	5.10	4.07	5.44	7.57	4.54	5.17	3.50	4.98	3.49	0.00
Net Debt to NOPAT	3.83	2.98	4.30	5.52	2.10	3.56	2.12	2.86	0.44	0.00
Long-Term Debt to NOPAT	5.05	4.02	5.38	7.48	4.43	5.06	3.43	4.79	3.16	0.00
Altman Z-Score	6.57	8.06	5.75	6.33	7.59	5.21	5.08	3.98	3.61	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.46%	7.60%	0.00%	0.20%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.58	2.98	2.56	2.03	2.66	2.26	2.70	2.93	2.83	0.00
Quick Ratio	1.58	1.76	1.45	1.27	1.75	1.26	1.59	1.85	1.87	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-39	90	-28	-196	59	-50	59	-177	110	-62
Operating Cash Flow to CapEx	933.03%	603.63%	465.39%	478.48%	1,332.56%	591.05%	622.94%	700.46%	3,353.54%	615.96%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-11.87
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.45
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.71	0.70	0.68	0.68	0.79	0.85	0.90	0.91	0.92
Accounts Receivable Turnover	6.54	6.36	6.80	7.41	7.11	7.15	7.43	7.18	6.36	6.88
Inventory Turnover	3.59	3.04	3.29	3.72	3.31	3.29	3.60	3.98	3.73	3.52
Fixed Asset Turnover	8.53	8.29	9.03	8.51	7.56	8.76	9.66	10.73	10.13	9.27
Accounts Payable Turnover	7.87	7.28	6.71	7.29	7.24	7.05	7.79	8.35	0.00	0.00
Days Sales Outstanding (DSO)	55.84	57.36	53.70	49.23	51.33	51.02	49.15	50.85	57.37	53.09
Days Inventory Outstanding (DIO)	101.67	120.22	111.09	98.06	110.39	110.99	101.41	91.64	97.95	103.65
Days Payable Outstanding (DPO)	46.37	50.16	54.38	50.05	50.38	51.80	46.83	43.69	0.00	0.00
Cash Conversion Cycle (CCC)	111.14	127.42	110.41	97.24	111.34	110.21	103.73	98.80	155.32	156.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,089	960	954	838	585	593	494	493	269	356
Invested Capital Turnover	0.93	0.92	0.96	0.99	1.00	1.15	1.25	1.37	1.23	1.19
Increase / (Decrease) in Invested Capital	129	6.38	115	253	-7.71	99	0.56	224	-87	84
Enterprise Value (EV)	5,831	6,317	5,225	6,594	4,265	3,277	2,324	1,911	733	0.00
Market Capitalization	5,488	6,031	4,849	6,277	4,157	3,102	2,199	1,730	723	0.00
Book Value per Share	$20.76	$18.81	$16.18	$14.64	$13.56	$11.89	$10.55	$9.01	$7.52	$0.00
Tangible Book Value per Share	($0.67)	$1.23	($2.16)	($5.03)	$1.20	($0.68)	$0.22	($1.58)	$2.58	($4.94)
Total Capital	1,203	1,065	1,054	956	710	672	576	593	337	0.00
Total Debt	457	392	476	434	233	254	207	235	78	0.00
Total Long-Term Debt	452	387	471	429	228	249	203	226	71	0.00
Net Debt	343	287	376	317	108	176	125	135	9.81	-60
Capital Expenditures (CapEx)	17	20	20	20	11	11	14	9.05	1.43	5.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	157	176	161	78	70	96	100	99	68	-60
Debt-free Net Working Capital (DFNWC)	271	281	261	195	195	175	182	199	136	0.00
Net Working Capital (NWC)	266	276	256	190	190	170	178	190	129	0.00
Net Nonoperating Expense (NNE)	26	23	14	7.06	6.88	8.48	8.09	-15	0.29	-13
Net Nonoperating Obligations (NNO)	343	287	376	317	108	176	125	135	9.81	356
Total Depreciation and Amortization (D&A)	56	47	54	43	38	38	37	36	20	19
Debt-free, Cash-free Net Working Capital to Revenue	16.49%	19.97%	18.67%	10.98%	11.92%	15.29%	16.29%	18.95%	17.68%	-16.05%
Debt-free Net Working Capital to Revenue	28.50%	31.88%	30.29%	27.59%	33.09%	27.90%	29.64%	38.14%	35.38%	0.00%
Net Working Capital to Revenue	28.01%	31.32%	29.74%	26.87%	32.16%	27.10%	28.90%	36.39%	33.46%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.78	$2.03	$2.08	$1.42	$1.27	$1.16	$1.46	$1.14	$0.63	$0.00
Adjusted Weighted Average Basic Shares Outstanding	35.95M	35.84M	35.65M	35.40M	35.14M	35.03M	34.91M	34.82M	34.69M	0.00
Adjusted Diluted Earnings per Share	$1.77	$2.02	$2.06	$1.41	$1.25	$1.15	$1.43	$1.13	$0.63	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	36.12M	36.03M	35.91M	35.78M	35.65M	35.55M	35.47M	35.28M	34.91M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.96M	35.85M	35.74M	35.63M	35.31M	35.09M	34.90M	34.60M	34.46M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	101	107	91	74	55	64	66	53	28	29
Normalized NOPAT Margin	10.61%	12.17%	10.61%	10.40%	9.30%	10.22%	10.73%	10.22%	7.19%	7.71%
Pre Tax Income Margin	8.33%	9.50%	10.12%	7.95%	8.20%	7.31%	9.98%	14.60%	8.45%	12.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.88
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.32
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.84
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	60.28%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	13.50%	0.00%	12.35%	24.53%	71.73%	0.59%	7.43%	4.57%

This table displays calculated financial ratios and metrics derived from Novanta's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.06%	12.52%	10.34%	2.79%	5.38%	-3.12%	-0.65%	6.55%	7.30%	9.76%	25.45%
EBITDA Growth	19.75%	26.60%	12.91%	-10.24%	0.79%	-9.70%	-6.44%	17.94%	-0.13%	6.58%	68.32%
EBIT Growth	27.38%	27.78%	8.58%	-20.84%	-3.45%	-12.01%	-3.52%	36.45%	9.50%	13.31%	102.35%
NOPAT Growth	17.15%	22.77%	-7.80%	-22.38%	-8.76%	-20.40%	16.19%	35.62%	10.28%	36.65%	56.75%
Net Income Growth	44.51%	31.60%	-9.57%	-34.12%	-19.65%	-18.03%	-5.63%	19.45%	-2.95%	10.96%	65.33%
EPS Growth	43.90%	32.35%	-10.17%	-34.48%	-19.61%	-17.07%	-6.35%	18.37%	-3.77%	7.89%	65.79%
Operating Cash Flow Growth	-3.49%	57.88%	-48.42%	56.87%	220.44%	-3.99%	202.47%	8.88%	-9.71%	41.44%	6.20%
Free Cash Flow Firm Growth	142.60%	-1,092.09%	-523.36%	-365.76%	-971.43%	111.57%	251.00%	87.44%	94.09%	60.53%	89.44%
Invested Capital Growth	-4.57%	13.41%	24.76%	19.46%	21.95%	0.67%	-2.11%	6.98%	4.63%	13.76%	6.29%
Revenue Q/Q Growth	-1.97%	-2.60%	3.62%	2.14%	9.14%	-4.48%	-3.47%	4.72%	0.34%	-2.06%	3.53%
EBITDA Q/Q Growth	8.51%	-9.49%	17.58%	3.71%	14.71%	-19.28%	-6.52%	16.45%	2.77%	-16.36%	17.83%
EBIT Q/Q Growth	15.81%	-14.30%	27.20%	0.90%	16.17%	-27.17%	-7.27%	23.06%	5.87%	-20.14%	31.15%
NOPAT Q/Q Growth	23.09%	-18.02%	24.91%	-7.06%	28.99%	-38.43%	5.16%	9.25%	12.54%	-10.13%	22.74%
Net Income Q/Q Growth	28.81%	-14.21%	39.53%	-6.28%	17.30%	-41.05%	1.65%	14.31%	19.68%	-32.14%	28.67%
EPS Q/Q Growth	31.11%	-15.09%	39.47%	-7.32%	20.59%	-42.37%	1.72%	13.73%	24.39%	-34.92%	28.57%
Operating Cash Flow Q/Q Growth	-48.53%	167.36%	-43.97%	25.18%	-15.81%	-12.65%	70.41%	155.71%	-74.77%	175.17%	-38.66%
Free Cash Flow Firm Q/Q Growth	172.77%	46.82%	-24.25%	11.39%	-1,794.52%	-77.31%	236.70%	-103.84%	81.70%	-196.15%	88.63%
Invested Capital Q/Q Growth	0.33%	-5.29%	2.04%	-1.58%	19.24%	4.19%	-2.30%	0.47%	-1.57%	1.32%	6.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.72%	45.46%	44.69%	43.96%	43.49%	45.64%	45.86%	45.38%	44.55%	43.29%	44.14%
EBITDA Margin	19.55%	17.66%	19.01%	16.75%	16.50%	15.70%	18.58%	19.18%	17.25%	16.84%	19.72%
Operating Margin	13.89%	11.22%	13.32%	10.90%	11.09%	10.25%	13.68%	14.03%	12.01%	12.29%	12.85%
EBIT Margin	13.74%	11.63%	13.22%	10.77%	10.90%	10.24%	13.43%	13.98%	11.90%	11.28%	13.83%
Profit (Net Income) Margin	9.09%	6.92%	7.85%	5.83%	6.36%	5.91%	9.58%	9.10%	8.34%	6.99%	10.09%
Tax Burden Percent	80.28%	79.17%	79.22%	80.30%	86.76%	79.46%	92.30%	82.62%	92.54%	80.60%	84.01%
Interest Burden Percent	82.40%	75.11%	74.99%	67.45%	67.21%	72.68%	77.29%	78.77%	75.71%	76.90%	86.83%
Effective Tax Rate	19.72%	20.83%	20.78%	19.70%	13.24%	20.54%	7.70%	17.38%	7.46%	19.40%	15.99%
Return on Invested Capital (ROIC)	9.49%	8.23%	9.40%	7.61%	8.25%	7.50%	12.05%	11.31%	10.60%	9.52%	9.95%
ROIC Less NNEP Spread (ROIC-NNEP)	8.26%	6.74%	7.47%	5.75%	6.37%	6.08%	10.05%	9.59%	8.87%	7.68%	9.54%
Return on Net Nonoperating Assets (RNNOA)	4.47%	2.99%	3.69%	3.21%	4.00%	3.22%	5.72%	5.52%	5.51%	4.85%	7.18%
Return on Equity (ROE)	13.96%	11.22%	13.09%	10.83%	12.26%	10.72%	17.77%	16.83%	16.11%	14.36%	17.13%
Cash Return on Invested Capital (CROIC)	13.04%	-3.82%	-13.75%	-9.21%	-10.75%	9.38%	12.93%	3.84%	5.24%	-3.10%	2.83%
Operating Return on Assets (OROA)	9.35%	8.44%	9.33%	7.36%	7.39%	7.32%	9.94%	10.20%	8.57%	7.86%	9.63%
Return on Assets (ROA)	6.19%	5.02%	5.55%	3.99%	4.31%	4.23%	7.09%	6.64%	6.00%	4.87%	7.02%
Return on Common Equity (ROCE)	13.96%	11.22%	13.09%	10.83%	12.26%	10.72%	17.77%	16.83%	16.11%	14.36%	17.13%
Return on Equity Simple (ROE_SIMPLE)	9.17%	0.00%	8.10%	8.86%	10.16%	0.00%	11.73%	12.28%	12.29%	0.00%	13.38%
Net Operating Profit after Tax (NOPAT)	26	21	26	21	22	17	28	27	24	22	24
NOPAT Margin	11.15%	8.88%	10.55%	8.75%	9.62%	8.14%	12.63%	11.59%	11.11%	9.91%	10.80%
Net Nonoperating Expense Percent (NNEP)	1.23%	1.49%	1.93%	1.86%	1.88%	1.42%	2.00%	1.72%	1.73%	1.84%	0.40%
Return On Investment Capital (ROIC_SIMPLE)	2.17%	1.76%	-	-	-	1.62%	-	-	-	2.05%	-
Cost of Revenue to Revenue	55.28%	54.54%	55.31%	56.04%	56.51%	54.36%	54.14%	54.62%	55.45%	56.71%	55.86%
SG&A Expenses to Revenue	19.54%	18.19%	18.13%	18.99%	18.85%	19.71%	17.90%	18.39%	18.68%	17.73%	18.08%
R&D to Revenue	9.96%	10.62%	9.51%	10.06%	10.07%	11.08%	9.94%	10.19%	10.42%	10.03%	9.58%
Operating Expenses to Revenue	30.82%	34.24%	31.37%	33.06%	32.40%	35.39%	32.18%	31.34%	32.55%	31.00%	31.28%
Earnings before Interest and Taxes (EBIT)	32	28	32	25	25	22	30	32	26	25	31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	46	42	46	40	38	33	41	44	38	37	44
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.03	7.36	8.54	8.34	9.18	8.96	7.97	10.53	9.51	8.40	7.60
Price to Tangible Book Value (P/TBV)	1,559.22	0.00	0.00	0.00	0.00	137.28	318.67	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.88	5.78	6.87	6.51	7.00	6.84	5.78	7.41	6.49	5.63	4.90
Price to Earnings (P/E)	65.73	85.63	105.36	94.18	90.33	82.75	67.92	85.72	77.37	65.49	56.82
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.52%	1.17%	0.95%	1.06%	1.11%	1.21%	1.47%	1.17%	1.29%	1.53%	1.76%
Enterprise Value to Invested Capital (EV/IC)	4.54	5.35	5.87	5.57	5.87	6.58	5.87	7.33	6.42	5.48	4.80
Enterprise Value to Revenue (EV/Rev)	5.22	6.14	7.31	6.98	7.52	7.17	6.09	7.76	6.88	6.07	5.37
Enterprise Value to EBITDA (EV/EBITDA)	28.59	35.10	42.87	41.32	42.96	40.45	33.88	42.50	38.66	33.38	29.30
Enterprise Value to EBIT (EV/EBIT)	42.27	52.74	64.51	61.57	61.86	57.66	48.11	60.81	57.38	50.84	45.27
Enterprise Value to NOPAT (EV/NOPAT)	53.04	65.05	78.64	71.17	71.51	65.70	53.80	71.49	67.25	59.67	55.41
Enterprise Value to Operating Cash Flow (EV/OCF)	31.55	36.79	49.61	39.85	47.12	52.61	44.48	75.25	67.21	57.56	57.32
Enterprise Value to Free Cash Flow (EV/FCFF)	34.03	0.00	0.00	0.00	0.00	70.37	44.94	197.00	125.27	0.00	174.86
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.61	0.67	0.75	0.82	0.58	0.55	0.65	0.71	0.82	0.89
Long-Term Debt to Equity	0.55	0.61	0.67	0.74	0.81	0.57	0.54	0.64	0.70	0.82	0.88
Financial Leverage	0.54	0.44	0.49	0.56	0.63	0.53	0.57	0.58	0.62	0.63	0.75
Leverage Ratio	1.93	1.84	1.88	1.98	2.06	1.97	2.02	2.11	2.15	2.25	2.32
Compound Leverage Factor	1.59	1.38	1.41	1.34	1.38	1.43	1.56	1.66	1.63	1.73	2.01
Debt to Total Capital	35.78%	38.01%	40.26%	42.70%	44.95%	36.77%	35.35%	39.49%	41.45%	45.19%	47.15%
Short-Term Debt to Total Capital	0.40%	0.39%	0.40%	0.39%	0.39%	0.47%	0.47%	0.47%	0.48%	0.46%	0.43%
Long-Term Debt to Total Capital	35.37%	37.62%	39.86%	42.31%	44.56%	36.31%	34.88%	39.01%	40.97%	44.74%	46.72%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.22%	61.99%	59.74%	57.30%	55.05%	63.23%	64.65%	60.51%	58.55%	54.81%	52.85%
Debt to EBITDA	2.47	2.75	3.18	3.44	3.56	2.51	2.21	2.51	2.72	3.04	3.14
Net Debt to EBITDA	1.86	2.07	2.59	2.79	2.96	1.84	1.73	1.95	2.19	2.40	2.59
Long-Term Debt to EBITDA	2.44	2.72	3.15	3.41	3.53	2.48	2.18	2.48	2.68	3.01	3.11
Debt to NOPAT	4.58	5.10	5.83	5.93	5.92	4.07	3.50	4.23	4.72	5.44	5.93
Net Debt to NOPAT	3.45	3.83	4.75	4.81	4.93	2.98	2.75	3.28	3.80	4.30	4.89
Long-Term Debt to NOPAT	4.53	5.05	5.77	5.88	5.87	4.02	3.46	4.18	4.67	5.38	5.88
Altman Z-Score	5.81	6.37	6.83	6.21	6.30	7.83	6.91	7.79	6.65	5.54	4.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.56	2.58	2.79	2.77	2.83	2.98	2.83	3.05	2.84	2.56	2.58
Quick Ratio	1.59	1.58	1.64	1.59	1.61	1.76	1.58	1.74	1.57	1.45	1.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	78	-108	-202	-163	-184	11	48	-35	-17	-94	-32
Operating Cash Flow to CapEx	0.00%	2,737.31%	646.62%	832.39%	511.75%	626.88%	656.97%	787.64%	283.01%	953.78%	449.70%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.73	0.71	0.68	0.68	0.71	0.74	0.73	0.72	0.70	0.70
Accounts Receivable Turnover	6.04	6.54	6.00	6.21	6.11	6.36	6.18	6.48	6.60	6.80	6.56
Inventory Turnover	3.43	3.59	3.33	3.08	2.99	3.04	3.10	3.13	3.20	3.29	3.36
Fixed Asset Turnover	8.42	8.53	8.28	8.23	8.22	8.29	8.96	9.28	9.05	9.03	9.28
Accounts Payable Turnover	6.84	7.87	7.73	7.33	7.14	7.28	6.83	6.97	7.10	6.71	6.57
Days Sales Outstanding (DSO)	60.43	55.84	60.83	58.79	59.72	57.36	59.10	56.32	55.27	53.70	55.68
Days Inventory Outstanding (DIO)	106.41	101.67	109.54	118.44	121.99	120.22	117.78	116.75	113.91	111.09	108.51
Days Payable Outstanding (DPO)	53.38	46.37	47.22	49.77	51.10	50.16	53.41	52.33	51.42	54.38	55.59
Cash Conversion Cycle (CCC)	113.45	111.14	123.15	127.46	130.61	127.42	123.48	120.74	117.76	110.41	108.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,093	1,089	1,150	1,127	1,145	960	922	943	939	954	941
Invested Capital Turnover	0.85	0.93	0.89	0.87	0.86	0.92	0.95	0.98	0.95	0.96	0.92
Increase / (Decrease) in Invested Capital	-52	129	228	184	206	6.38	-20	62	42	115	56
Enterprise Value (EV)	4,965	5,831	6,743	6,279	6,722	6,317	5,413	6,909	6,027	5,225	4,521
Market Capitalization	4,642	5,488	6,336	5,855	6,259	6,031	5,136	6,592	5,686	4,849	4,122
Book Value per Share	$21.41	$20.76	$20.67	$19.56	$18.98	$18.81	$18.01	$17.48	$16.73	$16.18	$15.21
Tangible Book Value per Share	$0.08	($0.67)	($1.40)	($2.56)	($3.43)	$1.23	$0.45	($0.51)	($1.49)	($2.16)	($2.86)
Total Capital	1,199	1,203	1,242	1,225	1,238	1,065	997	1,035	1,021	1,054	1,026
Total Debt	429	457	500	523	557	392	353	408	423	476	484
Total Long-Term Debt	424	452	495	518	552	387	348	404	419	471	479
Net Debt	323	343	408	425	463	287	277	317	341	376	399
Capital Expenditures (CapEx)	-1.25	2.25	3.56	4.94	6.42	6.22	6.80	3.33	3.62	4.26	3.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	163	157	193	178	189	176	182	192	185	161	169
Debt-free Net Working Capital (DFNWC)	269	271	285	276	282	281	258	283	267	261	254
Net Working Capital (NWC)	265	266	280	271	277	276	253	278	262	256	250
Net Nonoperating Expense (NNE)	4.82	4.68	6.60	6.89	7.54	4.71	6.75	5.72	6.08	6.37	1.59
Net Nonoperating Obligations (NNO)	323	343	408	425	463	287	277	317	341	376	399
Total Depreciation and Amortization (D&A)	14	14	14	14	13	12	11	12	12	12	13
Debt-free, Cash-free Net Working Capital to Revenue	17.16%	16.49%	20.88%	19.74%	21.12%	19.97%	20.45%	21.57%	21.09%	18.67%	20.14%
Debt-free Net Working Capital to Revenue	28.31%	28.50%	30.92%	30.69%	31.59%	31.88%	29.00%	31.83%	30.53%	30.29%	30.19%
Net Working Capital to Revenue	27.80%	28.01%	30.38%	30.15%	31.05%	31.32%	28.47%	31.28%	29.97%	29.74%	29.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.59	$0.46	$0.53	$0.38	$0.41	$0.35	$0.59	$0.58	$0.51	$0.43	$0.63
Adjusted Weighted Average Basic Shares Outstanding	36.02M	35.95M	35.96M	35.95M	35.91M	35.84M	35.86M	35.85M	35.81M	35.65M	35.73M
Adjusted Diluted Earnings per Share	$0.59	$0.45	$0.53	$0.38	$0.41	$0.34	$0.59	$0.58	$0.51	$0.41	$0.63
Adjusted Weighted Average Diluted Shares Outstanding	36.13M	36.12M	36.13M	36.09M	36.13M	36.03M	36.04M	36.03M	36.00M	35.91M	35.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.97M	35.96M	35.92M	35.90M	35.89M	35.85M	35.81M	35.81M	35.81M	35.74M	35.69M
Normalized Net Operating Profit after Tax (NOPAT)	24	26	28	23	24	21	32	28	27	23	25
Normalized NOPAT Margin	10.31%	11.01%	11.36%	9.62%	10.48%	9.88%	14.50%	12.04%	12.16%	10.55%	11.41%
Pre Tax Income Margin	11.32%	8.74%	9.91%	7.26%	7.33%	7.44%	10.38%	11.01%	9.01%	8.67%	12.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	8.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.50%	13.78%

Frequently Asked Questions About Novanta's Financials

When does Novanta's financial year end?

According to the most recent income statement we have on file, Novanta's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Novanta's net income changed over the last 9 years?

Novanta's net income appears to be on an upward trend, with a most recent value of $64.09 million in 2024, rising from $35.62 million in 2015. The previous period was $72.88 million in 2023. See where experts think Novanta is headed by visiting Novanta's forecast page.

What is Novanta's operating income?

Novanta's total operating income in 2024 was $110.58 million, based on the following breakdown:

Total Gross Profit: $421.55 million
Total Operating Expenses: $310.96 million

How has Novanta revenue changed over the last 9 years?

Over the last 9 years, Novanta's total revenue changed from $373.60 million in 2015 to $949.25 million in 2024, a change of 154.1%.

How much debt does Novanta have?

Novanta's total liabilities were at $642.81 million at the end of 2024, a 16.3% increase from 2023, and a 64,281,300,000.0% increase since 2015.

How much cash does Novanta have?

In the past 9 years, Novanta's cash and equivalents has ranged from $59.96 million in 2015 to $125.05 million in 2020, and is currently $113.99 million as of their latest financial filing in 2024.

How has Novanta's book value per share changed over the last 9 years?

Over the last 9 years, Novanta's book value per share changed from 0.00 in 2015 to 20.76 in 2024, a change of 2,075.9%.

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This page (NASDAQ:NOVT) was last updated on 5/27/2025 by MarketBeat.com Staff

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