Novanta Inc Financials
Novanta Inc (NOVT) reported $980.6M in revenue for fiscal year 2025, up 3.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Novanta’s product-level margins held up, but cash conversion and operating leverage weakened as the balance sheet was recapitalized.
From FY2024 to FY2025, revenue rose only3.3% while gross margin held near44.4% , so the underlying product economics look broadly unchanged. Yet free cash flow dropped from$141.4M to$48.4M ; with inventory and receivables both rising and capex still modest, that signals a working-capital drag and weaker cash conversion rather than a more capital-intensive operating model.
The income statement and cash flow statement diverged in FY2025: net margin slid to
The balance sheet became much more liquid, but not because operations suddenly produced excess cash: cash climbed to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Novanta Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Novanta Inc has an operating margin of 9.6%, meaning the company retains $10 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is down from 11.7% the prior year.
Novanta Inc's revenue grew a modest 3.3% year-over-year to $980.6M. This slow but positive growth earns a score of 52/100.
Novanta Inc carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.69, Novanta Inc holds $3.69 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.
Novanta Inc converts 4.9% of revenue into free cash flow ($48.4M). This strong cash generation earns a score of 65/100.
Novanta Inc earns a strong 4.1% return on equity (ROE), meaning it generates $4 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 66/100. This is down from 8.6% the prior year.
Novanta Inc scores 7.76, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($5.3B) relative to total liabilities ($492.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Novanta Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Novanta Inc generates $1.19 in operating cash flow ($64.1M OCF vs $53.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Novanta Inc generated $980.6M in revenue in fiscal year 2025. This represents an increase of 3.3% from the prior year.
Novanta Inc's EBITDA was $155.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 6.1% from the prior year.
Novanta Inc reported $53.8M in net income in fiscal year 2025. This represents a decrease of 16.0% from the prior year.
Novanta Inc earned $1.47 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 16.9% from the prior year.
Cash & Balance Sheet
Novanta Inc generated $48.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 65.7% from the prior year.
Novanta Inc held $380.9M in cash against $212.5M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Novanta Inc's gross margin was 44.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. That is unchanged from the prior year.
Novanta Inc's operating margin was 9.6% in fiscal year 2025, reflecting core business profitability. This is down 2.1 percentage points from the prior year.
Novanta Inc's net profit margin was 5.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.
Novanta Inc's ROE was 4.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.5 percentage points from the prior year.
Capital Allocation
Novanta Inc invested $95.5M in research and development in fiscal year 2025. That is unchanged from the prior year.
Novanta Inc spent $39.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Novanta Inc invested $15.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 8.9% from the prior year.
NOVT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B | $980.6M+3.3% | $949.2M+7.7% | $881.7M+2.4% | $860.9M+21.8% | $706.8M+19.7% | $590.6M-5.7% | $626.1M+1.9% | $614.3M+17.8% | $521.3M+35.5% | $384.8M+3.0% | $373.6M+2.4% | $364.7M+15.1% | $316.9M+30.0% | $243.8M-19.9% | $304.3M |
| Cost of Revenue | $571.0M | $545.3M+3.3% | $527.7M+9.5% | $481.8M-0.1% | $482.4M+18.7% | $406.5M+17.4% | $346.1M-4.9% | $364.0M+3.2% | $352.8M+17.3% | $300.8M+35.3% | $222.3M+3.1% | $215.7M+0.5% | $214.5M+16.2% | $184.7M+33.6% | $138.3M-19.2% | $171.2M |
| Gross Profit | $458.7M | $435.3M+3.3% | $421.5M+5.4% | $399.9M+5.7% | $378.5M+26.0% | $300.3M+22.8% | $244.5M-6.7% | $262.1M+0.2% | $261.5M+18.6% | $220.5M+35.8% | $162.5M+2.9% | $157.9M+5.1% | $150.2M+13.6% | $132.2M+25.3% | $105.5M-20.7% | $133.1M |
| R&D Expenses | $94.2M | $95.5M0.0% | $95.5M+4.2% | $91.7M+6.9% | $85.8M+18.3% | $72.5M+18.9% | $61.0M+9.0% | $56.0M+9.7% | $51.0M+22.4% | $41.7M+30.2% | $32.0M+3.1% | $31.0M+7.2% | $29.0M+21.7% | $23.8M+28.4% | $18.5M-21.0% | $23.5M |
| SG&A Expenses | $217.3M | $195.7M+11.2% | $175.9M+7.0% | $164.5M+3.5% | $158.9M+23.0% | $129.2M+17.6% | $109.9M-7.2% | $118.4M+2.2% | $115.9M+14.0% | $101.7M+25.0% | $81.3M-0.9% | $82.0M-2.8% | $84.4M+10.5% | $76.3M+27.9% | $59.7M-12.0% | $67.9M |
| Operating Income | $92.3M | $94.0M-15.0% | $110.6M+0.1% | $110.5M+7.2% | $103.1M+60.9% | $64.1M+14.6% | $55.9M+1.1% | $55.3M-22.2% | $71.0M+23.4% | $57.6M+74.7% | $33.0M+13.9% | $28.9M+272.2% | -$16.8M-186.4% | $19.4M-4.0% | $20.3M-43.5% | $35.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$7.2M-57.2% | -$4.6M+12.0% | -$5.2M-1.6% | -$5.1M-46.9% | -$3.5M-24.2% | -$2.8M-121.4% | $13.1M |
| Income Tax | $17.9M | $15.8M+5.6% | $15.0M+37.8% | $10.9M-17.1% | $13.1M+124.4% | $5.8M+50.5% | $3.9M-22.3% | $5.0M-51.1% | $10.2M-26.2% | $13.8M+31.4% | $10.5M+1.2% | $10.4M+1133.2% | -$1.0M-116.2% | $6.2M+153.5% | -$11.6M-555.8% | $2.5M |
| Net Income | $61.8M | $53.8M-16.0% | $64.1M-12.1% | $72.9M-1.6% | $74.1M+47.1% | $50.3M+13.1% | $44.5M+9.2% | $40.8M-17.0% | $49.1M-18.2% | $60.1M+172.9% | $22.0M-38.2% | $35.6M+246.9% | -$24.3M-431.8% | $7.3M-62.6% | $19.5M-32.6% | $29.0M |
| EPS (Diluted) | — | $1.47-16.9% | $1.77-12.4% | $2.02-1.9% | $2.06+46.1% | $1.41+12.8% | $1.25+8.7% | $1.15-19.6% | $1.43 | $1.13 | $0.63-38.2% | $1.02+245.7% | -$0.70-433.3% | $0.21-63.8% | $0.58-32.6% | $0.86 |
TTM is the trailing twelve months, ending July 3, 2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
NOVT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.8B+30.1% | $1.4B+13.3% | $1.2B-1.2% | $1.2B+1.1% | $1.2B+41.9% | $865.2M-0.5% | $869.7M+20.9% | $719.6M-1.0% | $726.7M+70.7% | $425.6M+2.3% | $416.0M+5.0% | $396.3M+4.6% | $378.8M+12.3% | $337.5M-3.2% | $348.5M |
| Current Assets | $782.6M+80.5% | $433.6M+4.4% | $415.3M-1.2% | $420.5M+12.5% | $373.8M+22.9% | $304.2M-0.1% | $304.5M+8.1% | $281.8M-2.1% | $287.9M+44.5% | $199.3M+7.6% | $185.2M+1.1% | $183.2M-9.2% | $201.6M-3.3% | $208.5M-2.7% | $214.3M |
| Cash & Equivalents | $380.9M+234.1% | $114.0M+8.5% | $105.1M+4.9% | $100.1M-14.7% | $117.4M-6.1% | $125.1M+58.4% | $78.9M-3.8% | $82.0M-18.0% | $100.1M+46.9% | $68.1M+13.6% | $60.0M+17.2% | $51.1M-16.1% | $61.0M-7.3% | $65.8M+20.0% | $54.8M |
| Inventory | $188.3M+30.2% | $144.6M-3.2% | $149.4M-11.1% | $168.0M+33.7% | $125.7M+35.5% | $92.7M-20.5% | $116.6M+11.3% | $104.8M+14.8% | $91.3M+52.8% | $59.7M+0.3% | $59.6M-5.4% | $62.9M+8.0% | $58.3M+10.4% | $52.8M+2.4% | $51.5M |
| Accounts Receivable | $184.9M+22.4% | $151.0M+8.3% | $139.4M+1.2% | $137.7M+19.1% | $115.6M+54.0% | $75.1M-17.6% | $91.1M+8.5% | $84.0M+3.0% | $81.5M+27.8% | $63.8M+11.5% | $57.2M+11.1% | $51.5M+6.1% | $48.6M+13.8% | $42.7M+9.8% | $38.8M |
| Goodwill | $647.3M+10.8% | $584.1M+20.6% | $484.5M+1.2% | $478.9M-0.1% | $479.5M+67.7% | $286.0M+4.1% | $274.7M+26.2% | $217.7M+3.2% | $211.0M+95.1% | $108.1M+4.5% | $103.5M+14.0% | $90.7M+27.5% | $71.2M+59.6% | $44.6M0.0% | $44.6M |
| Total Liabilities | $492.8M-23.3% | $642.8M+16.3% | $552.6M-16.7% | $663.6M-6.1% | $706.6M+81.9% | $388.4M-14.2% | $452.6M+28.8% | $351.3M-4.6% | $368.2M+120.8% | $166.8M-2.7% | $171.3M-7.4% | $185.0M+35.7% | $136.4M+24.9% | $109.3M-21.5% | $139.1M |
| Current Liabilities | $212.4M+26.6% | $167.8M+20.6% | $139.2M-15.4% | $164.5M-10.6% | $183.9M+61.0% | $114.2M-15.3% | $134.8M+29.4% | $104.2M+6.1% | $98.2M+39.3% | $70.5M+23.8% | $57.0M+5.4% | $54.1M-12.1% | $61.5M+11.9% | $54.9M-7.0% | $59.1M |
| Long-Term Debt | $212.5M-48.4% | $411.9M+17.9% | $349.4M-18.9% | $430.7M+0.3% | $429.4M+120.3% | $194.9M-9.5% | $215.3M+6.2% | $202.8M-10.0% | $225.5M+219.6% | $70.6M-20.2% | $88.4M-15.8% | $105.0M+64.1% | $64.0M+50.6% | $42.5M-26.7% | $58.0M |
| Total Equity | $1.3B+76.2% | $745.7M+10.7% | $673.5M+16.6% | $577.6M+10.8% | $521.3M+9.3% | $476.8M+14.3% | $417.2M+13.3% | $368.3M+18.2% | $311.5M+20.3% | $258.9M+5.8% | $244.7M+16.1% | $210.8M-12.9% | $242.0M+6.2% | $227.8M+9.0% | $209.0M |
| Retained Earnings | $321.4M+20.1% | $267.5M+31.5% | $203.5M+55.8% | $130.6M+131.0% | $56.5M+811.5% | $6.2M+116.2% | -$38.3M+51.6% | -$79.1M+38.1% | -$127.7M+23.8% | -$167.5M+11.6% | -$189.6M+15.8% | -$225.2M-12.1% | -$200.9M+3.5% | -$208.2M+8.6% | -$227.8M |
NOVT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $133.8M | $64.1M-59.6% | $158.5M+32.0% | $120.1M+32.3% | $90.8M-4.1% | $94.6M-32.5% | $140.2M+121.7% | $63.2M-29.4% | $89.6M+41.4% | $63.4M+32.6% | $47.8M+43.0% | $33.4M-21.0% | $42.3M-14.0% | $49.2M+73.1% | $28.4M-37.1% | $45.2M |
| Capital Expenditures | $19.6M | $15.6M-8.9% | $17.2M-14.0% | $20.0M+1.6% | $19.6M-1.7% | $20.0M+89.8% | $10.5M-2.0% | $10.7M-26.7% | $14.7M+61.2% | $9.1M+7.5% | $8.5M+52.4% | $5.6M+2.5% | $5.4M+13.4% | $4.8M+35.7% | $3.5M-16.5% | $4.2M |
| Free Cash Flow | $114.3M | $48.4M-65.7% | $141.3M+41.2% | $100.1M+40.7% | $71.1M-4.7% | $74.6M-42.5% | $129.7M+147.1% | $52.5M-30.0% | $75.0M+38.1% | $54.3M+38.0% | $39.3M+41.1% | $27.9M-24.4% | $36.9M-17.0% | $44.4M+78.3% | $24.9M-39.2% | $41.0M |
| Investing Cash Flow | -$20.3M | -$74.3M+64.3% | -$208.2M-946.6% | -$19.9M+53.2% | -$42.5M+86.1% | -$306.7M-2231.3% | -$13.2M+79.4% | -$63.8M-40.0% | -$45.6M+74.3% | -$177.4M-1278.8% | -$12.9M-687.8% | -$1.6M+98.2% | -$89.8M-23.1% | -$73.0M-2552.3% | $3.0M+170.5% | -$4.2M |
| Financing Cash Flow | $494.7M | $276.3M+385.3% | $56.9M+158.2% | -$97.9M-62.7% | -$60.2M-129.4% | $204.8M+342.7% | -$84.4M-2043.8% | -$3.9M+93.5% | -$60.2M-142.0% | $143.3M+718.1% | -$23.2M-7.7% | -$21.5M-153.5% | $40.3M+116.9% | $18.6M+188.0% | -$21.1M+51.0% | -$43.1M |
| Share Buybacks | $51.8M | $39.3M | N/A | N/A | $10.0M | N/A | $5.5M-45.0% | $10.0M+70.9% | $5.8M+1481.1% | $370K-77.4% | $1.6M+0.4% | $1.6M+225.4% | $500K-4.9% | $526K | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, ending July 3, 2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
NOVT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.4%0.0pp | 44.4%-1.0pp | 45.4%+1.4pp | 44.0%+1.5pp | 42.5%+1.1pp | 41.4%-0.5pp | 41.9%-0.7pp | 42.6%+0.3pp | 42.3%+0.1pp | 42.2%0.0pp | 42.3%+1.1pp | 41.2%-0.6pp | 41.7%-1.6pp | 43.3%-0.5pp | 43.7% |
| Operating Margin | 9.6%-2.1pp | 11.7%-0.9pp | 12.5%+0.6pp | 12.0%+2.9pp | 9.1%-0.4pp | 9.5%+0.6pp | 8.8%-2.7pp | 11.6%+0.5pp | 11.0%+2.5pp | 8.6%+0.8pp | 7.7%+12.3pp | -4.6%-10.8pp | 6.1%-2.2pp | 8.3%-3.5pp | 11.8% |
| Net Margin | 5.5%-1.3pp | 6.8%-1.5pp | 8.3%-0.3pp | 8.6%+1.5pp | 7.1%-0.4pp | 7.5%+1.0pp | 6.5%-1.5pp | 8.0%-3.5pp | 11.5%+5.8pp | 5.7%-3.8pp | 9.5%+16.2pp | -6.7%-9.0pp | 2.3%-5.7pp | 8.0%-1.5pp | 9.5% |
| Return on Equity | 4.1%-4.5pp | 8.6%-2.2pp | 10.8%-2.0pp | 12.8%+3.2pp | 9.7%+0.3pp | 9.3%-0.4pp | 9.8%-3.6pp | 13.3%-5.9pp | 19.3%+10.8pp | 8.5%-6.0pp | 14.5%+26.1pp | -11.5%-14.5pp | 3.0%-5.6pp | 8.6%-5.3pp | 13.9% |
| Return on Assets | 3.0%-1.6pp | 4.6%-1.3pp | 5.9%0.0pp | 6.0%+1.9pp | 4.1%-1.0pp | 5.1%+0.5pp | 4.7%-2.1pp | 6.8%-1.4pp | 8.3%+3.1pp | 5.2%-3.4pp | 8.6%+14.7pp | -6.1%-8.1pp | 1.9%-3.9pp | 5.8%-2.5pp | 8.3% |
| Current Ratio | 3.69+1.1x | 2.58-0.4x | 2.98+0.4x | 2.56+0.5x | 2.03-0.6x | 2.66+0.4x | 2.26-0.4x | 2.70-0.2x | 2.93+0.1x | 2.83-0.4x | 3.25-0.1x | 3.39+0.1x | 3.28-0.5x | 3.80+0.2x | 3.63 |
| Debt-to-Equity | 0.16-0.4x | 0.550.0x | 0.52-0.2x | 0.75-0.1x | 0.82+0.4x | 0.41-0.1x | 0.520.0x | 0.55-0.2x | 0.72+0.5x | 0.27-0.1x | 0.36-0.1x | 0.50+0.2x | 0.26+0.1x | 0.19-0.1x | 0.28 |
| FCF Margin | 4.9%-10.0pp | 14.9%+3.5pp | 11.4%+3.1pp | 8.3%-2.3pp | 10.6%-11.4pp | 22.0%+13.6pp | 8.4%-3.8pp | 12.2%+1.8pp | 10.4%+0.2pp | 10.2%+2.8pp | 7.5%-2.6pp | 10.1%-3.9pp | 14.0%+3.8pp | 10.2%-3.2pp | 13.5% |
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Where Novanta Inc Ranks
Frequently Asked Questions
What is Novanta Inc's annual revenue?
Novanta Inc (NOVT) reported $980.6M in total revenue for fiscal year 2025. This represents a 3.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Novanta Inc's revenue growing?
Novanta Inc (NOVT) revenue grew by 3.3% year-over-year, from $949.2M to $980.6M in fiscal year 2025.
Is Novanta Inc profitable?
Yes, Novanta Inc (NOVT) reported a net income of $53.8M in fiscal year 2025, with a net profit margin of 5.5%.
What is Novanta Inc's EBITDA?
Novanta Inc (NOVT) had EBITDA of $155.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Novanta Inc have?
As of fiscal year 2025, Novanta Inc (NOVT) had $380.9M in cash and equivalents against $212.5M in long-term debt.
What is Novanta Inc's gross margin?
Novanta Inc (NOVT) had a gross margin of 44.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Novanta Inc's operating margin?
Novanta Inc (NOVT) had an operating margin of 9.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Novanta Inc's net profit margin?
Novanta Inc (NOVT) had a net profit margin of 5.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Novanta Inc's return on equity (ROE)?
Novanta Inc (NOVT) has a return on equity of 4.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Novanta Inc's free cash flow?
Novanta Inc (NOVT) generated $48.4M in free cash flow during fiscal year 2025. This represents a -65.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Novanta Inc's operating cash flow?
Novanta Inc (NOVT) generated $64.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Novanta Inc's total assets?
Novanta Inc (NOVT) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Novanta Inc's capital expenditures?
Novanta Inc (NOVT) invested $15.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Novanta Inc spend on research and development?
Novanta Inc (NOVT) invested $95.5M in research and development during fiscal year 2025.
What is Novanta Inc's current ratio?
Novanta Inc (NOVT) had a current ratio of 3.69 as of fiscal year 2025, which is generally considered healthy.
What is Novanta Inc's debt-to-equity ratio?
Novanta Inc (NOVT) had a debt-to-equity ratio of 0.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Novanta Inc's return on assets (ROA)?
Novanta Inc (NOVT) had a return on assets of 3.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Novanta Inc's Altman Z-Score?
Novanta Inc (NOVT) has an Altman Z-Score of 7.76, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Novanta Inc's Piotroski F-Score?
Novanta Inc (NOVT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Novanta Inc's earnings high quality?
Novanta Inc (NOVT) has an earnings quality ratio of 1.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Novanta Inc?
Novanta Inc (NOVT) scores 73 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.