Novanta (NOVT) Financials

$120.01 -1.97 (-1.62%)

Closing price 04:00 PM Eastern

Extended Trading

$119.88 -0.13 (-0.10%)

As of 06:43 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	36	22	60	49	41	45	50	74	73	64
Consolidated Net Income / (Loss)	36	22	62	51	41	45	50	74	73	64
Net Income / (Loss) Continuing Operations	36	22	62	51	41	45	50	74	73	64
Total Pre-Tax Income	46	33	76	61	46	48	56	87	84	79
Total Operating Income	29	33	58	71	55	56	64	103	110	111
Total Gross Profit	158	162	221	262	262	245	300	378	400	422
Total Revenue	374	385	521	614	626	591	707	861	882	949
Operating Revenue	374	385	521	614	626	591	707	861	882	949
Total Cost of Revenue	216	222	301	353	364	346	406	482	482	528
Operating Cost of Revenue	216	222	301	353	364	346	406	482	482	528
Total Operating Expenses	129	129	163	191	207	189	236	275	289	311
Selling, General & Admin Expense	82	81	102	116	118	110	129	159	164	176
Research & Development Expense	31	32	42	51	56	61	73	86	92	96
Amortization Expense	7.61	8.25	12	16	16	14	17	26	20	26
Restructuring Charge	8.25	7.95	7.54	8.04	17	3.81	18	4.38	13	14
Total Other Income / (Expense), net	17	-0.43	19	-9.71	-9.52	-7.49	-7.88	-16	-27	-32
Interest & Investment Income	-	-4.56	-7.17	-9.81	-8.49	-6.56	-7.39	-16	-26	-31
Other Income / (Expense), net	22	4.13	26	0.10	-1.02	-0.92	-0.50	-0.30	-0.93	-0.03
Income Tax Expense	10	11	14	10	4.99	3.88	5.84	13	11	15
Basic Earnings per Share	$1.03	$0.63	$1.14	$1.46	$1.16	$1.27	$1.42	$2.08	$2.03	$1.78
Weighted Average Basic Shares Outstanding	34.58M	34.69M	34.82M	34.91M	35.03M	35.14M	35.40M	35.65M	35.84M	35.95M
Diluted Earnings per Share	$1.02	$0.63	$1.13	$1.43	$1.15	$1.25	$1.41	$2.06	$2.02	$1.77
Weighted Average Diluted Shares Outstanding	34.83M	34.91M	35.28M	35.47M	35.55M	35.65M	35.78M	35.91M	36.03M	36.12M
Weighted Average Basic & Diluted Shares Outstanding	34.60M	34.90M	52.70M	33.60M	35.09M	35.31M	35.63M	35.74M	35.85M	35.96M

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Novanta's Financials

When does Novanta's fiscal year end?

According to the most recent income statement we have on file, Novanta's financial year ends in December. Their financial 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 Novanta's forecast for analyst expectations on what’s next for the company.

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 5/5/2025 by MarketBeat.com Staff

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Novanta (NOVT) Financials

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