What is Novanta Inc. Tangible Equity Units's earnings per share (EPS)?

Novanta Inc. Tangible Equity Units (NOVTU) reported diluted earnings per share of $1.47 for fiscal year 2025. This represents a -16.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Novanta Inc. Tangible Equity Units (NOVTU) Financials

NOVTU

Trailing 12 months to July 3, 2026

Revenue $1.0B +7.6% YoY

Net Income $61.8M +0.7% YoY

EPS (Diluted) $1.57 -7.1% YoY

Free Cash Flow $114.3M -3.0% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jul 3, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NOVTU SEC filings page.

Novanta Inc. Tangible Equity Units (NOVTU) reported $1.0B in revenue over the twelve months to Jul 3, 2026, up 7.6% from the prior twelve months. 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).

Rhea AI NOVTU FY2025 2026-09-05

Revenue growth continued, but cash conversion and operating margins weakened as the balance sheet deleveraged sharply.

Free cash flow deteriorated from $141M in FY2024 to $48M in FY2025 despite lower capital expenditures. Operating cash flow also contracted as inventory and receivables rose, pointing to working-capital absorption rather than heavier reinvestment as the main cash-flow pressure.

Revenue continued rising in FY2025, yet operating profit margin fell from 11.7% to 9.6%. With gross margin holding near 44.4%, the squeeze sits below production costs, where operating expenses absorbed more of each sales dollar.

Debt-to-equity fell from 0.6x to 0.2x in FY2025, showing liabilities became a smaller claim on the business. The current ratio rose from 2.6x to 3.7x, so short-term liquidity strengthened even as cash generation weakened.

Financial Health Signals

Financial health score not available

Novanta Inc. Tangible Equity Units does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Neutral

6/9

Novanta Inc. Tangible Equity Units passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.19x

For every $1 of reported earnings, Novanta Inc. Tangible Equity Units 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.

Interest Coverage Adequate

4.38x

Novanta Inc. Tangible Equity Units earns $4.38 in operating income for every $1 of interest expense ($94.0M vs $21.5M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$265.8M

YoY+7.3%

QoQ+3.1%

5Y CAGR+13.2%

10Y CAGR+10.9%

Novanta Inc. Tangible Equity Units generated $265.8M in revenue in Q3 2026. This represents an increase of 7.3% from the same quarter a year earlier. Against the prior quarter it is up 3.1%.

EBITDA

$32.7M

YoY-12.9%

QoQ-21.6%

5Y CAGR+8.8%

10Y CAGR+12.4%

Novanta Inc. Tangible Equity Units's EBITDA was $32.7M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.9% from the same quarter a year earlier. Against the prior quarter it is down 21.6%.

Net Income

$12.5M

YoY+17.7%

QoQ-40.6%

5Y CAGR+8.7%

10Y CAGR+13.8%

Novanta Inc. Tangible Equity Units reported $12.5M in net income in Q3 2026. This represents an increase of 17.7% from the same quarter a year earlier. Against the prior quarter it is down 40.6%.

EPS (Diluted)

$0.30

YoY0.0%

QoQ-41.2%

5Y CAGR+5.5%

10Y CAGR+11.6%

Novanta Inc. Tangible Equity Units earned $0.30 per diluted share (EPS) in Q3 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 41.2%.

Cash & Balance Sheet

Free Cash Flow

$57.5M

YoY+1264.4%

QoQ+21.1%

5Y CAGR+7.7%

10Y CAGR+27.4%

Novanta Inc. Tangible Equity Units generated $57.5M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 1264.4% from the same quarter a year earlier. Against the prior quarter it is up 21.1%.

Cash & Debt

$718.6M

YoY+705.5%

QoQ+84.8%

5Y CAGR+46.5%

10Y CAGR+31.2%

Novanta Inc. Tangible Equity Units held $718.6M in cash against $188.2M in long-term debt as of Q3 2026.

Shares Outstanding

38M

YoY+5.7%

QoQ+6.2%

5Y CAGR+1.5%

10Y CAGR+0.9%

Novanta Inc. Tangible Equity Units had 38M shares outstanding in Q3 2026. This represents an increase of 5.7% from the same quarter a year earlier. Against the prior quarter it is up 6.2%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

45.5%

YoY+0.7pp

QoQ+1.4pp

5Y change+4.1pp

10Y change+3.2pp

Novanta Inc. Tangible Equity Units's gross margin was 45.5% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Operating Margin

6.8%

YoY-2.0pp

QoQ-3.9pp

5Y change-1.5pp

10Y change+1.1pp

Novanta Inc. Tangible Equity Units's operating margin was 6.8% in Q3 2026, reflecting core business profitability. This is down 2.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.9 percentage points.

Net Margin

4.7%

YoY+0.4pp

QoQ-3.5pp

5Y change-1.1pp

10Y change+1.1pp

Novanta Inc. Tangible Equity Units's net profit margin was 4.7% in Q3 2026, showing the share of revenue converted to profit. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.5 percentage points.

Return on Equity

0.8%

YoY-0.5pp

QoQ-0.8pp

5Y change-1.1pp

10Y change-0.8pp

Novanta Inc. Tangible Equity Units's ROE was 0.8% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.

Capital Allocation

R&D Spending

$24.0M

YoY-0.5%

QoQ+3.1%

5Y CAGR+9.5%

10Y CAGR+11.3%

Novanta Inc. Tangible Equity Units invested $24.0M in research and development in Q3 2026. This represents a decrease of 0.5% from the same quarter a year earlier. Against the prior quarter it is up 3.1%.

Share Buybacks

YoY-100.0%

QoQ-100.0%

Novanta Inc. Tangible Equity Units repurchased no shares in Q3 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

Capital Expenditures

$7.5M

YoY+74.3%

QoQ+80.4%

5Y CAGR+24.2%

10Y CAGR+22.9%

Novanta Inc. Tangible Equity Units invested $7.5M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 74.3% from the same quarter a year earlier. Against the prior quarter it is up 80.4%.

NOVTU Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NOVTU quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
EBITDA	N/A	$155.9M-6.1%	$166.1M+5.8%	$157.1M+0.6%	$156.2M+45.4%	$107.4M+14.1%	$94.2M+0.7%	$93.6M-13.4%	$108.1M+22.4%	$88.3M+63.8%	$53.9M+9.8%	$49.1M+545.2%	$7.6M-80.7%	$39.4M+16.1%	$33.9M-33.6%	$51.1M
Interest Expense	$13.0M	$21.5M-31.8%	$31.5M+22.0%	$25.8M+65.3%	$15.6M+111.4%	$7.4M+12.5%	$6.6M-22.7%	$8.5M-13.5%	$9.8M+37.0%	$7.2M+57.2%	$4.6M+188.0%	-$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 (Basic)	N/A	$1.47-17.4%	$1.78-12.3%	$2.03-2.4%	$2.08+46.5%	$1.42+11.8%	$1.27+9.5%	$1.16-20.5%	$1.46+28.1%	$1.14+81.0%	$0.63-38.8%	$1.03+247.1%	-$0.70-433.3%	$0.21-63.8%	$0.58-33.3%	$0.87
EPS (Diluted)	$1.57	$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
Diluted Shares (Avg)	N/A	37M+1.6%	36M+0.3%	36M+0.3%	36M+0.4%	36M+0.4%	36M+0.3%	36M+0.2%	35M	35M	35M+0.2%	35M+1.4%	34M-0.1%	34M+1.4%	34M+1.0%	34M

Metric	Q3'2610-Q	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$265.8M+7.3%	$257.7M+6.9%	$258.3M+8.5%	$247.8M+1.4%	$241.0M+2.2%	$233.4M+1.1%	$238.1M+12.5%	$244.4M+10.3%
Cost of Revenue	$144.9M+5.8%	$144.1M+7.3%	$145.1M+11.7%	$136.9M+1.3%	$134.3M+1.6%	$129.0M-1.1%	$129.8M+12.9%	$135.2M+12.7%
Gross Profit	$120.9M+9.0%	$113.6M+6.4%	$113.3M+4.7%	$110.9M+1.6%	$106.7M+2.9%	$104.4M+3.9%	$108.2M+12.1%	$109.2M+7.5%
R&D Expenses	$24.0M-0.5%	$23.3M-8.1%	$22.9M-9.6%	$24.1M+3.6%	$25.3M+6.6%	$23.2M0.0%	$25.3M+7.8%	$23.3M+5.6%
SG&A Expenses	$60.0M+16.7%	$54.4M+15.5%	$51.6M+19.1%	$51.4M+15.9%	$47.1M+5.2%	$45.6M+4.7%	$43.3M+3.8%	$44.3M+11.8%
Operating Income	$18.1M-17.3%	$27.5M+84.7%	$24.8M-7.0%	$21.8M-32.9%	$14.9M-42.0%	$32.4M+26.6%	$26.7M+23.2%	$32.6M+7.4%
EBITDA	$32.7M-12.9%	$41.7M+36.8%	$41.9M+2.0%	$37.6M-19.6%	$30.5M-23.4%	$46.0M+19.3%	$41.1M+23.6%	$46.7M+12.0%
Interest Expense	$1.1M-81.6%	$1.8M-68.3%	$4.0M-42.0%	$6.0M-25.6%	$5.8M-29.7%	$5.6M-31.6%	$6.9M+16.4%	$8.1M+19.6%
Income Tax	$3.4M-34.2%	$5.3M+306.7%	$4.2M-2.9%	$5.1M+1.4%	$1.3M-61.7%	$5.2M+132.6%	$4.3M+33.9%	$5.0M+184.2%
Net Income	$12.5M+17.7%	$21.1M+369.2%	$17.5M+6.1%	$10.7M-44.5%	$4.5M-67.3%	$21.2M+44.5%	$16.5M+31.6%	$19.2M-9.6%
EPS (Basic)	$0.31+3.3%	$0.52+333.3%	$0.46+2.2%	$0.30-43.4%	$0.12-68.4%	$0.59+43.9%	$0.45+28.6%	$0.53-10.2%
EPS (Diluted)	$0.300.0%	$0.51+325.0%	$0.46+2.2%	$0.30-43.4%	$0.12-68.4%	$0.59+43.9%	$0.45+32.4%	$0.53-10.2%
Diluted Shares (Avg)	41M+14.2%	41M+14.1%	N/A	36M-0.2%	36M0.0%	36M0.0%	N/A	36M+0.2%

NOVTU Balance Sheet

NOVTU quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Non-Current Liabilities	$280.5M-41.0%	$475.0M+14.9%	$413.4M-17.2%	$499.1M-4.5%	$522.7M+90.7%	$274.1M-13.7%	$317.7M+28.6%	$247.1M-8.5%	$270.1M+180.5%	$96.3M-15.8%	$114.4M-12.7%	$131.0M+74.8%	$74.9M+37.9%	$54.3M-32.9%	$80.9M
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

Metric	Q3'2610-Q	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$2.1B+42.1%	$1.8B+19.1%	$1.8B+30.1%	$1.5B+6.1%	$1.5B+8.0%	$1.4B-1.8%	$1.4B+13.3%	$1.4B+18.8%
Current Assets	$1.1B+139.9%	$786.8M+70.3%	$782.6M+80.5%	$468.4M+7.2%	$462.1M+8.8%	$434.1M+1.2%	$433.6M+4.4%	$436.9M+11.7%
Cash & Equivalents	$718.6M+705.5%	$388.8M+253.7%	$380.9M+234.1%	$89.2M-3.7%	$109.9M+11.6%	$106.0M+13.4%	$114.0M+8.5%	$92.7M+22.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$192.7M+7.1%	$193.1M+14.9%	$188.3M+30.2%	$180.0M+16.9%	$168.1M+5.0%	$145.4M-9.9%	$144.6M-3.2%	$154.0M+0.1%
Accounts Receivable	$178.7M+4.8%	$173.9M+7.9%	$184.9M+22.4%	$170.6M+3.7%	$161.2M+11.2%	$164.2M+8.8%	$151.0M+8.3%	$164.5M+15.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$642.4M-0.8%	$643.4M-0.9%	$647.3M+10.8%	$647.5M+9.0%	$649.1M+10.6%	$589.1M-0.1%	$584.1M+20.6%	$594.1M+24.4%
Total Liabilities	$523.1M-25.7%	$488.0M-31.2%	$492.8M-23.3%	$704.3M+4.1%	$709.6M+1.9%	$615.7M-15.5%	$642.8M+16.3%	$676.6M+23.2%
Current Liabilities	$245.9M+31.6%	$220.8M+21.4%	$212.4M+26.6%	$186.9M+19.3%	$181.9M+18.5%	$169.6M+12.0%	$167.8M+20.6%	$156.6M+13.2%
Non-Current Liabilities	$277.2M-46.4%	$267.2M-49.4%	$280.5M-41.0%	$517.5M-0.5%	$527.7M-2.8%	$446.1M-22.7%	$475.0M+14.9%	$520.0M+26.5%
Long-Term Debt	$188.2M-57.8%	$201.0M-55.7%	$212.5M-48.4%	$445.7M-1.5%	$454.0M-4.8%	$385.3M-24.3%	$411.9M+17.9%	$452.5M+30.1%
Total Equity	$1.6B+101.7%	$1.3B+63.6%	$1.3B+76.2%	$801.5M+8.0%	$801.4M+14.2%	$769.8M+12.9%	$745.7M+10.7%	$742.2M+15.1%
Retained Earnings	$355.0M+16.8%	$342.5M+16.8%	$321.4M+20.1%	$303.9M+21.0%	$293.3M+26.5%	$288.8M+32.4%	$267.5M+31.5%	$251.1M+31.5%

NOVTU Cash Flow Statement

NOVTU quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Depreciation & Amortization	N/A	$61.9M+11.5%	$55.6M+19.2%	$46.6M-12.3%	$53.2M+22.5%	$43.4M+13.3%	$38.3M0.0%	$38.3M+3.3%	$37.1M+20.5%	$30.8M+46.7%	$21.0M+3.8%	$20.2M-17.3%	$24.4M+22.4%	$19.9M+45.9%	$13.7M-10.4%	$15.3M
Stock-Based Compensation	N/A	$29.5M+26.7%	$23.3M-8.9%	$25.6M+10.7%	$23.1M-9.8%	$25.6M+10.8%	$23.1M+147.5%	$9.3M+21.1%	$7.7M+40.4%	$5.5M+28.0%	$4.3M-2.1%	$4.4M+1.3%	$4.3M-20.5%	$5.4M+20.0%	$4.5M+38.4%	$3.3M
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

Metric	Q3'2610-Q	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$64.9M+664.4%	$51.6M+242.4%	$8.8M-85.7%	$8.5M-63.1%	$15.1M-63.3%	$31.7M-3.5%	$61.6M+57.9%	$23.0M-48.4%
Depreciation & Amortization	$14.6M-6.8%	$14.2M-9.1%	$17.1M+18.9%	$15.7M+11.0%	$15.6M+10.4%	$13.6M+4.9%	$14.4M+24.4%	$14.2M+24.2%
Stock-Based Compensation	$9.8M+46.8%	$9.8M+30.6%	N/A	$6.7M+5.2%	$7.5M+20.3%	$7.1M+16.8%	N/A	$6.4M+5.4%
Capital Expenditures	$7.5M+74.3%	$4.1M+22.1%	$3.7M+63.3%	$4.3M+20.3%	$3.4M-31.4%	$4.3M-33.2%	$2.2M-63.8%	$3.6M-47.6%
Free Cash Flow	$57.5M+1264.4%	$47.5M+306.3%	$5.1M-91.3%	$4.2M-78.4%	$11.7M-67.7%	$27.4M+3.7%	$59.3M+81.0%	$19.5M-48.6%
Investing Cash Flow	-$7.5M-38.3%	-$3.8M+94.3%	-$3.6M-74.0%	-$5.4M-51.7%	-$66.6M-1248.2%	$1.3M+100.6%	-$2.1M+66.2%	-$3.6M+47.6%
Financing Cash Flow	$270.6M+1255.4%	-$40.1M-173.2%	$287.6M+907.6%	-$23.4M+18.9%	$54.8M+271.2%	-$42.7M-127.8%	-$35.6M-602.5%	-$28.9M+44.4%
Share Buybacks	$0-100.0%	$18.6M	$19.1M	$14.1M	$0	$6.2M	N/A	N/A

Not reported in any period shown, so not listed: Dividends Paid.

NOVTU Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NOVTU quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Asset Turnover	0.54-0.1x	0.680.0x	0.720.0x	0.69+0.1x	0.58-0.1x	0.680.0x	0.72-0.1x	0.85+0.1x	0.72-0.2x	0.900.0x	0.900.0x	0.92+0.1x	0.84+0.1x	0.72-0.2x	0.87
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%

Metric	Q3'2610-Q	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	45.5%+0.7pp	44.1%-0.2pp	43.8%-1.6pp	44.8%+0.1pp	44.3%+0.3pp	44.7%+1.2pp	45.5%-0.2pp	44.7%-1.2pp
Operating Margin	6.8%-2.0pp	10.7%+4.5pp	9.6%-1.6pp	8.8%-4.5pp	6.2%-4.7pp	13.9%+2.8pp	11.2%+1.0pp	13.3%-0.4pp
Net Margin	4.7%+0.4pp	8.2%+6.3pp	6.8%-0.2pp	4.3%-3.6pp	1.9%-4.0pp	9.1%+2.7pp	6.9%+1.0pp	7.8%-1.7pp
Return on Equity	0.8%-0.5pp	1.6%+1.0pp	1.3%-0.9pp	1.3%-1.3pp	0.6%-1.4pp	2.8%+0.6pp	2.2%+0.4pp	2.6%-0.7pp
Return on Assets	0.6%-0.1pp	1.2%+0.9pp	1.0%-0.2pp	0.7%-0.6pp	0.3%-0.7pp	1.5%+0.5pp	1.2%+0.2pp	1.4%-0.4pp
Current Ratio	4.57+2.1x	3.56+1.0x	3.69+1.1x	2.51-0.3x	2.54-0.2x	2.56-0.3x	2.58-0.4x	2.790.0x
Debt-to-Equity	0.12-0.4x	0.15-0.4x	0.16-0.4x	0.56-0.1x	0.57-0.1x	0.50-0.2x	0.550.0x	0.61+0.1x
Asset Turnover	0.120.0x	0.140.0x	0.140.0x	0.160.0x	0.160.0x	0.170.0x	0.170.0x	0.170.0x
FCF Margin	21.6%+19.9pp	18.4%+13.6pp	2.0%-22.9pp	1.7%-6.3pp	4.9%-10.5pp	11.7%+0.3pp	24.9%+9.4pp	8.0%-9.1pp

Where Novanta Inc. Tangible Equity Units Ranks

Frequently Asked Questions

What is Novanta Inc. Tangible Equity Units's annual revenue?

Novanta Inc. Tangible Equity Units (NOVTU) 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. Tangible Equity Units's revenue growing?

Novanta Inc. Tangible Equity Units (NOVTU) revenue grew by 3.3% year-over-year, from $949.2M to $980.6M in fiscal year 2025.

Is Novanta Inc. Tangible Equity Units profitable?

Yes, Novanta Inc. Tangible Equity Units (NOVTU) reported a net income of $53.8M in fiscal year 2025, with a net profit margin of 5.5%.

What is Novanta Inc. Tangible Equity Units's EBITDA?

Novanta Inc. Tangible Equity Units (NOVTU) had EBITDA of $155.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Novanta Inc. Tangible Equity Units have?

As of fiscal year 2025, Novanta Inc. Tangible Equity Units (NOVTU) had $380.9M in cash and equivalents against $212.5M in long-term debt.

What is Novanta Inc. Tangible Equity Units's gross margin?

Novanta Inc. Tangible Equity Units (NOVTU) 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. Tangible Equity Units's operating margin?

Novanta Inc. Tangible Equity Units (NOVTU) 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. Tangible Equity Units's net profit margin?

Novanta Inc. Tangible Equity Units (NOVTU) 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. Tangible Equity Units's return on equity (ROE)?

Novanta Inc. Tangible Equity Units (NOVTU) 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. Tangible Equity Units's free cash flow?

Novanta Inc. Tangible Equity Units (NOVTU) 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. Tangible Equity Units's operating cash flow?

Novanta Inc. Tangible Equity Units (NOVTU) generated $64.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Novanta Inc. Tangible Equity Units's total assets?

Novanta Inc. Tangible Equity Units (NOVTU) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Novanta Inc. Tangible Equity Units's capital expenditures?

Novanta Inc. Tangible Equity Units (NOVTU) invested $15.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Novanta Inc. Tangible Equity Units spend on research and development?

Novanta Inc. Tangible Equity Units (NOVTU) invested $95.5M in research and development during fiscal year 2025.

Does Novanta Inc. Tangible Equity Units buy back shares?

Yes, Novanta Inc. Tangible Equity Units (NOVTU) spent $39.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Novanta Inc. Tangible Equity Units have outstanding?

Novanta Inc. Tangible Equity Units (NOVTU) had 36M shares outstanding as of fiscal year 2025.

What is Novanta Inc. Tangible Equity Units's current ratio?

Novanta Inc. Tangible Equity Units (NOVTU) had a current ratio of 3.69 as of fiscal year 2025, which is generally considered healthy.

What is Novanta Inc. Tangible Equity Units's debt-to-equity ratio?

Novanta Inc. Tangible Equity Units (NOVTU) 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. Tangible Equity Units's return on assets (ROA)?

Novanta Inc. Tangible Equity Units (NOVTU) 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. Tangible Equity Units's Piotroski F-Score?

Novanta Inc. Tangible Equity Units (NOVTU) 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. Tangible Equity Units's earnings high quality?

Novanta Inc. Tangible Equity Units (NOVTU) 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.

Can Novanta Inc. Tangible Equity Units cover its interest payments?

Novanta Inc. Tangible Equity Units (NOVTU) has an interest coverage ratio of 4.38x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.