What is Nova Ltd's earnings per share (EPS)?

Nova Ltd (NVMI) reported diluted earnings per share of $7.96 for fiscal year 2025. This represents a 38.4% 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.

Nova Ltd Financials

NVMI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Nova Ltd (NVMI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Financial Health Signals

Financial Profile 83/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Nova Ltd has an operating margin of 28.8%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 86/100, reflecting efficient cost management and pricing power. This is up from 27.9% the prior year.

Growth

Nova Ltd's revenue surged 31.0% year-over-year to $880.6M, reflecting rapid business expansion. This strong growth earns a score of 85/100.

Leverage

Nova Ltd carries a low D/E ratio of 0.79, meaning only $0.79 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 6.28, Nova Ltd holds $6.28 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Nova Ltd converts 24.8% of revenue into free cash flow ($217.9M). This strong cash generation earns a score of 87/100.

Returns

Nova Ltd's ROE of 19.7% shows moderate profitability relative to equity, earning a score of 55/100. This is down from 19.8% the prior year.

Altman Z-Score Safe

10.66

Nova Ltd scores 10.66, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($15.1B) relative to total liabilities ($1.0B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Weak

3/9

Nova Ltd passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.95x

For every $1 of reported earnings, Nova Ltd generates $0.95 in operating cash flow ($245.6M OCF vs $259.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

127.0x

Nova Ltd earns $127.0 in operating income for every $1 of interest expense ($253.5M vs $2.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$880.6M

YoY+31.0%

5Y CAGR+26.7%

10Y CAGR+19.5%

Nova Ltd generated $880.6M in revenue in fiscal year 2025. This represents an increase of 31.0% from the prior year.

EBITDA

$275.8M

YoY+34.6%

5Y CAGR+34.0%

10Y CAGR+32.8%

Nova Ltd's EBITDA was $275.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.6% from the prior year.

Net Income

$259.2M

YoY+41.1%

5Y CAGR+40.2%

10Y CAGR+32.3%

Nova Ltd reported $259.2M in net income in fiscal year 2025. This represents an increase of 41.1% from the prior year.

EPS (Diluted)

$7.96

YoY+38.4%

5Y CAGR+37.0%

10Y CAGR+30.2%

Nova Ltd earned $7.96 per diluted share (EPS) in fiscal year 2025. This represents an increase of 38.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$217.9M

YoY-0.1%

5Y CAGR+32.3%

10Y CAGR+26.1%

Nova Ltd generated $217.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 0.1% from the prior year.

Cash & Debt

$214.5M

YoY+35.9%

5Y CAGR-1.6%

10Y CAGR+22.7%

Nova Ltd held $214.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

32M

YoY+8.5%

5Y CAGR+2.4%

10Y CAGR+1.6%

Nova Ltd had 32M shares outstanding in fiscal year 2025. This represents an increase of 8.5% from the prior year.

Margins & Returns

Gross Margin

57.4%

YoY-0.2pp

5Y CAGR+1.3pp

10Y CAGR+5.5pp

Nova Ltd's gross margin was 57.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.

Operating Margin

28.8%

YoY+0.9pp

5Y CAGR+8.1pp

10Y CAGR+21.0pp

Nova Ltd's operating margin was 28.8% in fiscal year 2025, reflecting core business profitability. This is up 0.9 percentage points from the prior year.

Net Margin

29.4%

YoY+2.1pp

5Y CAGR+11.7pp

10Y CAGR+18.9pp

Nova Ltd's net profit margin was 29.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.1 percentage points from the prior year.

Return on Equity

19.7%

YoY-0.2pp

5Y CAGR+6.8pp

10Y CAGR+9.9pp

Nova Ltd's ROE was 19.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$143.4M

YoY+30.1%

5Y CAGR+22.0%

10Y CAGR+13.7%

Nova Ltd invested $143.4M in research and development in fiscal year 2025. This represents an increase of 30.1% from the prior year.

Share Buybacks

$35.0M

YoY+16.7%

5Y CAGR+22.8%

10Y CAGR+23.3%

Nova Ltd spent $35.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 16.7% from the prior year.

Capital Expenditures

$27.7M

YoY+60.9%

5Y CAGR+33.9%

10Y CAGR+20.3%

Nova Ltd invested $27.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 60.9% from the prior year.

NVMI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$880.6M+31.0%	$672.4M+29.8%	$517.9M-9.3%	$570.7M+37.2%	$416.1M+54.5%	$269.4M
Cost of Revenue	$375.4M+31.6%	$285.3M+26.9%	$224.7M-11.4%	$253.8M+40.5%	$180.7M+52.8%	$118.2M
Gross Profit	$505.2M+30.5%	$387.1M+32.0%	$293.2M-7.5%	$317.0M+34.6%	$235.4M+55.8%	$151.2M
R&D Expenses	$143.4M+30.1%	$110.3M+25.2%	$88.0M-2.7%	$90.5M+37.4%	$65.9M+24.2%	$53.0M
SG&A Expenses	$26.1M+8.0%	$24.2M+18.6%	$20.4M-14.5%	$23.9M+37.7%	$17.3M+38.4%	$12.5M
Operating Income	$253.5M+35.2%	$187.5M+41.8%	$132.3M-11.8%	$149.9M+33.4%	$112.4M+102.2%	$55.6M
Interest Expense	$2.0M+55.9%	$1.3M-0.3%	$1.3M+0.2%	$1.3M-69.7%	$4.2M+387.2%	$868K
Income Tax	$44.1M+35.5%	$32.5M+76.9%	$18.4M+1.1%	$18.2M+12.7%	$16.2M+88.1%	$8.6M
Net Income	$259.2M+41.1%	$183.8M+34.8%	$136.3M-2.8%	$140.2M+50.6%	$93.1M+94.3%	$47.9M
EPS (Diluted)	$7.96+38.4%	$5.75+34.3%	$4.28-3.4%	$4.43+42.0%	$3.12+89.1%	$1.65

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NVMI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.4B+69.8%	$1.4B+22.6%	$1.1B+15.2%	$984.1M+22.2%	$805.2M+22.8%	$655.8M
Current Assets	$1.4B+56.4%	$901.9M+27.0%	$710.2M+15.9%	$612.9M+8.2%	$566.5M+1.4%	$558.7M
Cash & Equivalents	$214.5M+35.9%	$157.8M+46.7%	$107.6M-3.2%	$111.1M-12.3%	$126.7M-45.5%	$232.3M
Inventory	$183.7M+17.3%	$156.6M+13.3%	$138.2M+18.5%	$116.6M+48.2%	$78.7M+27.4%	$61.7M
Accounts Receivable	$151.9M+9.1%	$139.3M+25.2%	$111.3M+1.8%	$109.3M+59.7%	$68.4M+8.1%	$63.3M
Goodwill	$90.8M+87.9%	$48.3M-3.5%	$50.1M+2.2%	$49.0M+143.7%	$20.1M0.0%	$20.1M
Total Liabilities	$1.0B+125.3%	$462.6M+20.8%	$383.1M-3.5%	$397.1M+19.8%	$331.4M+16.6%	$284.2M
Current Liabilities	$224.5M-42.2%	$388.2M+20.3%	$322.8M+140.8%	$134.1M-53.4%	$287.9M+372.5%	$60.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.3B+42.1%	$927.8M+23.6%	$750.8M+27.9%	$587.0M+23.9%	$473.8M+27.5%	$371.5M
Retained Earnings	$1.1B+32.5%	$798.1M+29.9%	$614.4M+28.5%	$478.1M+42.8%	$334.7M+38.5%	$241.6M

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$2.4B+53.9%	$1.5B+10.3%	$1.4B+22.6%	$1.1B+15.2%	$984.1M+22.2%	$805.2M+22.8%	$655.8M+63.8%	$400.4M
Current Assets	$1.4B+56.5%	$901.4M-0.1%	$901.9M+27.0%	$710.2M+15.9%	$612.9M+8.2%	$566.5M+1.4%	$558.7M+84.4%	$302.9M
Cash & Equivalents	$214.5M+33.6%	$160.6M+1.8%	$157.8M+46.7%	$107.6M-3.2%	$111.1M-12.3%	$126.7M-45.5%	$232.3M+631.7%	$31.7M
Inventory	$183.7M+0.9%	$182.0M+16.2%	$156.6M+13.3%	$138.2M+18.5%	$116.6M+48.2%	$78.7M+27.4%	$61.7M+27.6%	$48.4M
Accounts Receivable	$151.9M+9.8%	$138.4M-0.7%	$139.3M+25.2%	$111.3M+1.8%	$109.3M+59.7%	$68.4M+8.1%	$63.3M+22.7%	$51.6M
Goodwill	$90.8M+0.1%	$90.7M+87.8%	$48.3M-3.5%	$50.1M+2.2%	$49.0M+143.7%	$20.1M0.0%	$20.1M0.0%	$20.1M
Total Liabilities	$1.0B+138.4%	$437.2M-5.5%	$462.6M+20.8%	$383.1M-3.5%	$397.1M+19.8%	$331.4M+16.6%	$284.2M+230.9%	$85.9M
Current Liabilities	$224.5M-36.0%	$351.0M-9.6%	$388.2M+20.3%	$322.8M+140.8%	$134.1M-53.4%	$287.9M+372.5%	$60.9M+31.8%	$46.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.3B+20.2%	$1.1B+18.2%	$927.8M+23.6%	$750.8M+27.9%	$587.0M+23.9%	$473.8M+27.5%	$371.5M+18.1%	$314.5M
Retained Earnings	$1.1B+13.5%	$931.3M+16.7%	$798.1M+29.9%	$614.4M+28.5%	$478.1M+42.8%	$334.7M+38.5%	$241.6M+24.7%	$193.7M

NVMI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$245.6M+4.4%	$235.3M+90.5%	$123.5M+3.3%	$119.5M-9.6%	$132.3M+119.5%	$60.3M
Capital Expenditures	$27.7M+60.9%	$17.2M+0.2%	$17.2M-19.4%	$21.3M+342.6%	$4.8M-25.3%	$6.4M
Free Cash Flow	$217.9M-0.1%	$218.1M+105.0%	$106.3M+8.3%	$98.2M-22.9%	$127.4M+136.8%	$53.8M
Investing Cash Flow	-$837.2M-513.8%	-$136.4M-8.8%	-$125.3M-25.0%	-$100.3M+58.0%	-$238.5M-461.7%	-$42.5M
Financing Cash Flow	$642.2M+1428.4%	-$48.3M-483560.0%	$10K+100.0%	-$29.8M-271063.6%	$11K-100.0%	$181.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$35.0M+16.7%	$30.0M+26685.7%	$112K-99.5%	$21.4M	$0-100.0%	$12.5M

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NVMI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	57.4%-0.2pp	57.6%+1.0pp	56.6%+1.1pp	55.5%-1.0pp	56.6%+0.5pp	56.1%
Operating Margin	28.8%+0.9pp	27.9%+2.3pp	25.5%-0.7pp	26.3%-0.7pp	27.0%+6.4pp	20.6%
Net Margin	29.4%+2.1pp	27.3%+1.0pp	26.3%+1.7pp	24.6%+2.2pp	22.4%+4.6pp	17.8%
Return on Equity	19.7%-0.2pp	19.8%+1.6pp	18.2%-5.7pp	23.9%+4.2pp	19.7%+6.8pp	12.9%
Return on Assets	11.0%-2.2pp	13.2%+1.2pp	12.0%-2.2pp	14.2%+2.7pp	11.6%+4.3pp	7.3%
Current Ratio	6.28+4.0	2.32+0.1	2.20-2.4	4.57+2.6	1.97-7.2	9.17
Debt-to-Equity	0.79+0.3	0.50-0.0	0.51-0.2	0.68-0.0	0.70-0.1	0.77
FCF Margin	24.8%-7.7pp	32.4%+11.9pp	20.5%+3.3pp	17.2%-13.4pp	30.6%+10.7pp	20.0%

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	6.28+3.7	2.57+0.2	2.32+0.1	2.20-2.4	4.57+2.6	1.97-7.2	9.17+2.6	6.55
Debt-to-Equity	0.79+0.4	0.40-0.1	0.50-0.0	0.51-0.2	0.68-0.0	0.70-0.1	0.77+0.5	0.27
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Nova Ltd's annual revenue?

Nova Ltd (NVMI) reported $880.6M in total revenue for fiscal year 2025. This represents a 31.0% 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 Nova Ltd's revenue growing?

Nova Ltd (NVMI) revenue grew by 31% year-over-year, from $672.4M to $880.6M in fiscal year 2025.

Is Nova Ltd profitable?

Yes, Nova Ltd (NVMI) reported a net income of $259.2M in fiscal year 2025, with a net profit margin of 29.4%.

What is Nova Ltd's EBITDA?

Nova Ltd (NVMI) had EBITDA of $275.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Nova Ltd's gross margin?

Nova Ltd (NVMI) had a gross margin of 57.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Nova Ltd's operating margin?

Nova Ltd (NVMI) had an operating margin of 28.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Nova Ltd's net profit margin?

Nova Ltd (NVMI) had a net profit margin of 29.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Nova Ltd's return on equity (ROE)?

Nova Ltd (NVMI) has a return on equity of 19.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Nova Ltd's free cash flow?

Nova Ltd (NVMI) generated $217.9M in free cash flow during fiscal year 2025. This represents a -0.1% 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 Nova Ltd's operating cash flow?

Nova Ltd (NVMI) generated $245.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Nova Ltd's total assets?

Nova Ltd (NVMI) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Nova Ltd's capital expenditures?

Nova Ltd (NVMI) invested $27.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Nova Ltd spend on research and development?

Nova Ltd (NVMI) invested $143.4M in research and development during fiscal year 2025.

Does Nova Ltd buy back shares?

Yes, Nova Ltd (NVMI) spent $35.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Nova Ltd have outstanding?

Nova Ltd (NVMI) had 32M shares outstanding as of fiscal year 2025.

What is Nova Ltd's current ratio?

Nova Ltd (NVMI) had a current ratio of 6.28 as of fiscal year 2025, which is generally considered healthy.

What is Nova Ltd's debt-to-equity ratio?

Nova Ltd (NVMI) had a debt-to-equity ratio of 0.79 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nova Ltd's return on assets (ROA)?

Nova Ltd (NVMI) had a return on assets of 11.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Nova Ltd's Altman Z-Score?

Nova Ltd (NVMI) has an Altman Z-Score of 10.66, 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 Nova Ltd's Piotroski F-Score?

Nova Ltd (NVMI) has a Piotroski F-Score of 3 out of 9, indicating weak 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Nova Ltd's earnings high quality?

Nova Ltd (NVMI) has an earnings quality ratio of 0.95x, considered mixed 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 Nova Ltd cover its interest payments?

Nova Ltd (NVMI) has an interest coverage ratio of 127.0x, meaning it can comfortably 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.

How financially healthy is Nova Ltd?

Nova Ltd (NVMI) scores 83 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.