Novanta [NOVT] vs Coherent [COHR] Detailed Stock Comparison

Novanta Inc.

NASDAQ
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Coherent Corp.

NYSE
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TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: Novanta Inc. wins in 12 metrics, Coherent Corp. wins in 8 metrics, with 0 ties. Novanta Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Novanta Inc. Coherent Corp. Better
P/E Ratio (TTM) 90.40 334.34 Novanta Inc.
Price-to-Book Ratio 3.61 7.41 Novanta Inc.
Debt-to-Equity Ratio 23.03 39.90 Novanta Inc.
PEG Ratio 32.84 3.75 Coherent Corp.
EV/EBITDA 26.10 54.90 Novanta Inc.
Profit Margin (TTM) 5.49% 4.66% Novanta Inc.
Operating Margin (TTM) 11.66% 11.78% Coherent Corp.
EBITDA Margin (TTM) 11.66% 11.78% Coherent Corp.
Return on Equity 5.23% 3.24% Novanta Inc.
Return on Assets (TTM) 4.54% 2.90% Novanta Inc.
Free Cash Flow (TTM) $48.43M $192.76M Coherent Corp.
1-Year Return 28.68% 377.95% Coherent Corp.
Price-to-Sales Ratio (TTM) 4.84 10.06 Novanta Inc.
Enterprise Value $4.65B $66.33B Coherent Corp.
EV/Revenue Ratio 4.74 10.54 Novanta Inc.
Gross Profit Margin (TTM) 43.84% 36.95% Novanta Inc.
Revenue per Share (TTM) $27 $40 Coherent Corp.
Earnings per Share (Diluted) $1.47 $1.01 Novanta Inc.
Beta (Stock Volatility) 1.65 1.91 Novanta Inc.
Short % of Float 14.80% 6.88% Coherent Corp.

Novanta Inc. vs Coherent Corp. Stock Performance Analysis

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NOVT
COHR

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Novanta Inc.-0.98%3.25%33.72%19.80%49.83%51.69%
Coherent Corp.-2.22%11.94%29.40%42.82%158.89%119.67%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Novanta Inc.28.68%-6.15%14.42%895.81%1,264.13%455.54%
Coherent Corp.377.95%827.32%421.98%1,678.89%1,259.93%3,584.71%

Performance & Financial Health Analysis: Novanta Inc. vs Coherent Corp.

MetricNOVTCOHR
Market Information
Market Cap i$4.75B$63.01B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i254,2455,422,893
90 Day Avg. Volume i334,0557,735,194
Last Close$166.94$417.43
52 Week Range$98.27 - $171.85$76.88 - $439.77
% from 52W High-2.86%-5.08%
All-Time High$187.61 (Jun 26, 2023)$440.00 (Jun 03, 2026)
% from All-Time High-11.02%-5.13%
Growth Metrics
Quarterly Revenue Growth0.09%0.18%
Quarterly Earnings Growth0.06%0.42%
Financial Health
Profit Margin (TTM) i0.05%0.05%
Operating Margin (TTM) i0.12%0.12%
Return on Equity (TTM) i0.05%0.03%
Debt to Equity (MRQ) i23.0339.90
Cash & Liquidity
Book Value per Share (MRQ)$36.85$45.56
Cash per Share (MRQ)$10.67$4.64
Operating Cash Flow (TTM) i$64.06M$397.10M
Levered Free Cash Flow (TTM) i$64.27M$130.36M
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/A$0.00

Valuation & Enterprise Metrics Analysis: Novanta Inc. vs Coherent Corp.

MetricNOVT (Apr 24, 2026)COHR (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i90.40334.34
Forward P/E i32.8444.47
PEG Ratio i32.843.75
Price to Sales (TTM) i4.8410.06
Price to Book (MRQ) i3.617.41
Market Capitalization
Market Capitalization i$4.75B$63.01B
Enterprise Value i$4.65B$66.33B
Enterprise Value Metrics
Enterprise to Revenue i4.7410.54
Enterprise to EBITDA i26.1054.90
Risk & Other Metrics
Beta i1.651.91
Book Value per Share (MRQ) i$36.85$45.56

Financial Statements Comparison: Novanta Inc. vs Coherent Corp.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricNOVT (2025)COHR (2025)
Revenue/Sales i980.60M5.81B
Cost of Goods Sold i545.32M3.77B
COGS % of Revenue i55.6%64.8%
Gross Profit i435.28M2.04B
Gross Margin i44.4%35.2%
Research & Development i95.48M581.92M
Operating Income (EBIT) i116.66M534.95M
Operating Margin i11.9%9.2%
EBITDA i203.44M1.14B
EBITDA Margin i20.7%19.6%
Pre-Tax Income i69.64M94.18M
Pre-Tax Income % of Revenue i7.1%1.6%
Income Tax i15.81M64.12M
Income Tax % of Revenue i1.6%1.1%
Net Income (Profit) i53.83M30.06M
Profit Margin i5.5%0.5%

Balance Sheet & Liquidity Metrics

MetricNOVT (2025)COHR (2025)
Cash & Equivalents i380.87M909.20M
Total Current Assets i782.60M3.93B
Total Current Assets % of Revenue i79.8%67.6%
Total Current Liabilities i212.37M1.79B
Total Current Liabilities % of Revenue i21.7%30.9%
Long-Term Debt i253.76M3.66B
Long-Term Debt % of Revenue i25.9%63.1%
Total Shareholders Equity i1.31B8.48B
Retained Earnings i321.38M584.37M
Retained Earnings % of Revenue i32.8%10.1%
Property, Plant & Equipment i145.55M0

Cash Flow Statement Comparison

MetricNOVT (2025)COHR (2025)
Operating Cash Flow i66.17M601.01M
Operating Cash Flow % of Revenue i6.7%10.3%
Capital Expenditures i-10.03M-440.84M
Free Cash Flow i48.43M192.76M
FCF Margin i4.9%3.3%
Debt Repayment i-365.73M-488.65M
Common Stock Repurchase i-39.28MN/A

Short Interest & Institutional Ownership Analysis

MetricNOVTCOHR
Shares Short i3.95M10.92M
Short Ratio i8.941.12
Short % of Float i14.80%6.88%
Shares Outstanding i35.67M187.42M
Float Shares i35.37M176.61M
% Held by Insiders i1.01%0.50%
% Held by Institutions i116.25%88.62%
% Held by Public i-17.26%10.88%

Dividend Analysis & Yield Comparison: Novanta Inc. vs Coherent Corp.

MetricNOVTCOHR
Last 12-Month Dividend iN/A$0.00
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend iN/A$0.00
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends iN/A$0.00
Ex-Dividend DateN/AN/A