Novanta Inc.
TechnologyNASDAQ:NOVT · NASDAQ Global Select
-$1.88 today
Vol 0.44M · Avg 0.44M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$1.0B of revenue converted into $53.7M of net income for the selected period. Gross margin is 41.5% and net margin is 5.3%, showing how much revenue survives after costs and taxes. EPS is $1.38, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $980.6M +3.3% | $949.2M +7.7% | $881.7M +2.4% | $860.9M +21.8% | $706.8M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $572.8M +8.5% | $527.7M +9.5% | $481.8M -0.1% | $482.4M +18.7% | $406.5M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $407.8M -3.3% | $421.5M +5.4% | $399.9M +5.7% | $378.5M +26.0% | $300.3M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 41.6% -2.8pp | 44.4% -0.9pp | 45.4% +1.4pp | 44.0% +1.5pp | 42.5% | 9.8% | 28.9% | 38.3% |
| Research & Development | $95.5M -0.0% | $95.5M +4.2% | $91.7M +6.9% | $85.8M +18.3% | $72.5M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $195.7M +11.2% | $175.9M +7.0% | $164.5M +3.5% | $158.9M +23.0% | $129.2M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $291.1M -6.4% | $311.0M +7.4% | $289.4M +5.1% | $275.4M +16.6% | $236.3M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $61.9M +11.5% | $55.6M +19.2% | $46.6M -12.3% | $53.2M +22.5% | $43.4M | $374.2M | $1.2B | $631.8M |
| EBITDA | $153.0M -14.9% | $179.9M +5.8% | $169.9M +5.8% | $160.6M +28.0% | $125.5M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 15.6% -3.3pp | 18.9% -0.3pp | 19.3% +0.6pp | 18.7% +0.9pp | 17.8% | 5.6% | 46.3% | 42.0% |
| Operating Income | $116.7M +5.5% | $110.6M +0.1% | $110.5M +7.2% | $103.1M +60.9% | $64.1M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 11.9% +0.2pp | 11.6% -0.9pp | 12.5% +0.6pp | 12.0% +2.9pp | 9.1% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $21.5M -31.8% | $31.5M +22.0% | $25.8M +65.3% | $15.6M +111.4% | $7.4M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$47.0M -49.2% | -$31.5M -17.8% | -$26.7M -68.0% | -$15.9M -102.0% | -$7.9M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $69.6M -11.9% | $79.1M -5.6% | $83.7M -3.9% | $87.2M +55.2% | $56.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 7.1% -1.2pp | 8.3% -1.2pp | 9.5% -0.6pp | 10.1% +2.2pp | 7.9% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $15.8M +5.6% | $15.0M +37.8% | $10.9M -17.1% | $13.1M +124.4% | $5.8M | $1.3B | -$1.6B | $745.2M |
| Net Income | $53.8M -16.0% | $64.1M -12.1% | $72.9M -1.6% | $74.1M +47.1% | $50.3M | $4.9B | $4.8B | $4.7B |
| Net Margin | 5.5% -1.3pp | 6.8% -1.5pp | 8.3% -0.3pp | 8.6% +1.5pp | 7.1% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 -17.4% | $2 -12.3% | $2 -2.4% | $2 +46.5% | $1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 -16.9% | $2 -12.4% | $2 -1.9% | $2 +46.1% | $1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $36.6M +1.8% | $36.0M +0.3% | $35.8M +0.5% | $35.7M +0.7% | $35.4M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $36.7M +1.6% | $36.1M +0.3% | $36.0M +0.3% | $35.9M +0.4% | $35.8M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Vicor Corporation
NASDAQ:VICR
$13.70B
ESCO Technologies Inc.
NYSE:ESE
$8.13B
Plexus Corp.
NASDAQ:PLXS
$7.89B
Sensata Technologies Holding plc
NYSE:ST
$7.33B
Belden Inc.
NYSE:BDC
$4.48B
Vontier Corporation
NYSE:VNT
$4.12B
Badger Meter, Inc.
NYSE:BMI
$3.84B
OSI Systems, Inc.
NASDAQ:OSIS
$3.72B
Itron, Inc.
NASDAQ:ITRI
$3.57B
Webull Corporation Class A Ordinary Shares
NASDAQ:BULL
$3.48B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does NOVT generate?
Novanta Inc. (NOVT) reported $980.60M of revenue in fiscal 2025.
Is NOVT profitable?
Novanta Inc. (NOVT) reported $53.83M of net income, with a net margin of 5.5%.
Explore More
Continue the stock analysis
Jump to another research area for this company.