Novanta Inc. | Mid-cap | Technology
$99.96
-5.18%
| Novanta Stock Comparison:
Novanta vs GarminNovanta vs KeysightNovanta vs MKS InstrumentsNovanta vs CognexNovanta vs VontierNovanta vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 233.4M
Gross Profit 104.4M 44.72%
Operating Income 30.0M 12.84%
Net Income 21.2M 9.09%
EPS (Diluted) $0.59

Balance Sheet Metrics

Total Assets 1.4B
Total Liabilities 615.7M
Shareholders Equity 769.8M
Debt to Equity 0.80

Cash Flow Metrics

Operating Cash Flow 29.2M
Free Cash Flow 27.4M

Revenue & Profitability Trend

Novanta Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 949.2M 881.7M 860.9M 706.8M 590.6M
Cost of Goods Sold i 527.7M 481.8M 482.4M 406.5M 346.1M
Gross Profit i 421.5M 399.9M 378.5M 300.3M 244.5M
Gross Margin % i 44.4% 45.4% 44.0% 42.5% 41.4%
Operating Expenses
Research & Development i 95.5M 91.7M 85.8M 72.5M 61.0M
Selling, General & Administrative i 175.9M 164.5M 158.9M 129.2M 109.9M
Other Operating Expenses i - - - - -
Total Operating Expenses i 271.5M 256.1M 244.7M 201.7M 170.8M
Operating Income i 124.3M 123.3M 107.5M 82.1M 59.7M
Operating Margin % i 13.1% 14.0% 12.5% 11.6% 10.1%
Non-Operating Items
Interest Income i - - - - -
Interest Expense i - - - - -
Other Non-Operating Income -13.7M -13.7M -4.7M -18.5M -4.7M
Pre-tax Income i 79.1M 83.7M 87.2M 56.2M 48.4M
Income Tax i 15.0M 10.9M 13.1M 5.8M 3.9M
Effective Tax Rate % i 18.9% 13.0% 15.0% 10.4% 8.0%
Net Income i 64.1M 72.9M 74.1M 50.3M 44.5M
Net Margin % i 6.8% 8.3% 8.6% 7.1% 7.5%
Key Metrics
EBITDA i 193.2M 183.0M 164.9M 143.6M 102.7M
EPS (Basic) i $1.78 $2.03 $2.08 $1.42 $1.27
EPS (Diluted) i $1.77 $2.02 $2.06 $1.41 $1.25
Basic Shares Outstanding i 35950000 35844000 35652000 35396000 35144000
Diluted Shares Outstanding i 35950000 35844000 35652000 35396000 35144000

Income Statement Trend

Novanta Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 114.0M 105.1M 100.1M 117.4M 125.1M
Short-term Investments i - - - - -
Accounts Receivable i 151.0M 139.4M 137.7M 115.6M 75.1M
Inventory i 144.6M 149.4M 168.0M 125.7M 92.7M
Other Current Assets 16.0M 13.4M 13.2M 13.2M 8.1M
Total Current Assets i 433.6M 415.3M 420.5M 373.8M 304.2M
Non-Current Assets
Property, Plant & Equipment i 142.1M 133.3M 129.3M 127.2M 105.8M
Goodwill i 1.4B 1.1B 1.1B 1.2B 720.5M
Intangible Assets i 185.8M 145.0M 175.8M 221.0M 148.5M
Long-term Investments - - - - -
Other Non-Current Assets 28.9M 33.5M 19.5M 17.8M 13.4M
Total Non-Current Assets i 954.9M 810.8M 820.7M 854.1M 561.0M
Total Assets i 1.4B 1.2B 1.2B 1.2B 865.2M
Liabilities
Current Liabilities
Accounts Payable i 76.9M 57.2M 75.2M 68.5M 43.0M
Short-term Debt i 15.3M 13.9M 13.3M 13.0M 21.4M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities 20.7M 16.8M 13.6M 13.9M 9.7M
Total Current Liabilities i 167.8M 139.2M 164.5M 183.9M 114.2M
Non-Current Liabilities
Long-term Debt i 455.7M 390.7M 476.1M 480.4M 233.6M
Deferred Tax Liabilities i 13.1M 16.3M 17.2M 33.7M 24.1M
Other Non-Current Liabilities 1.3M 1.7M 1.1M 927.0K 2.5M
Total Non-Current Liabilities i 475.0M 413.4M 499.1M 522.7M 274.1M
Total Liabilities i 642.8M 552.6M 663.6M 706.6M 388.4M
Equity
Common Stock i 423.9M 423.9M 423.9M 423.9M 423.9M
Retained Earnings i 267.5M 203.5M 130.6M 56.5M 6.2M
Treasury Stock i - - - - -
Other Equity - - - - -
Total Shareholders Equity i 745.7M 673.5M 577.6M 521.3M 476.8M
Key Metrics
Total Debt i 471.0M 404.6M 489.4M 493.4M 255.1M
Working Capital i 265.9M 276.1M 256.0M 189.9M 189.9M

Balance Sheet Composition

Novanta Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 64.1M 72.9M 74.1M 50.3M 44.5M
Depreciation & Amortization i 55.6M 46.6M 53.2M 43.4M 38.3M
Stock-Based Compensation i 23.3M 25.6M 23.1M 25.6M 23.1M
Working Capital Changes i 20.4M -22.0M -43.9M -23.9M 35.1M
Operating Cash Flow i 151.3M 109.9M 88.7M 94.0M 131.7M
Investing Activities
Capital Expenditures i -17.0M -19.9M -21.0M -22.0M -10.5M
Acquisitions i -191.2M 0 -21.6M -284.7M 0
Investment Purchases i - - - - -
Investment Sales i - - - - -
Investing Cash Flow i -208.2M -19.9M -42.5M -306.7M -10.5M
Financing Activities
Share Repurchases i 0 0 -10.0M 0 -5.5M
Dividends Paid i - - - - -
Debt Issuance i - - - - -
Debt Repayment i -131.1M -86.6M -59.0M -41.1M -35.4M
Financing Cash Flow i -74.1M -184.4M -119.2M 172.4M -119.7M
Free Cash Flow i 141.4M 100.1M 69.7M 72.4M 127.1M
Net Change in Cash i -131.0M -94.4M -73.1M -40.3M 1.4M

Cash Flow Trend

Novanta Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 59.75
Forward P/E 26.64
Price to Book 4.53
Price to Sales 3.80
PEG Ratio -0.87

Profitability Ratios

Profit Margin 6.41%
Operating Margin 11.40%
Return on Equity 8.16%
Return on Assets 5.49%

Financial Health

Current Ratio 2.54
Debt to Equity 64.16
Beta 1.50

Per Share Data

EPS (TTM) $1.69
Book Value per Share $22.28
Revenue per Share $26.58

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
novt 3.8B 59.75 4.53 8.16% 6.41% 64.16
Garmin 50.0B 31.64 6.07 20.73% 23.21% 2.34
Keysight 30.2B 53.99 5.15 9.98% 10.38% 48.75
MKS Instruments 9.7B 32.54 3.39 11.16% 7.14% 183.98
Cognex 7.8B 63.82 5.12 8.10% 13.13% 5.52
Vontier 5.9B 15.12 4.87 35.39% 12.99% 177.14

Financial data is updated regularly. All figures are in the company's reporting currency.