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Novanta

(NASDAQ) NOVT

Current Price$146.75
Market Cap$5.30BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1999)+833%
5 Year+12%
1 Year+18%
1 Month-2%
Novanta last closing stock price
MetricPriceDate
Last closeUSD 148.712026-07-17
Novanta stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-5.07%USD 156.652026-07-10
1 month-1.8%USD 151.432026-06-17
3 month+15.41%USD 128.852026-04-17
Year to date+24.98%USD 118.992025-12-31
1 year+17.97%USD 126.062025-07-17
3 year-17.14%USD 179.482023-07-18
5 year+11.95%USD 132.842021-07-16
Since inception+833.07%USD 15.941999-03-24

Novanta Financials at a Glance

Market Cap

$5.30BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.00B

Net Income (TTM)

$53.72M

EPS (TTM)

$1.38

P/E Ratio

107.41

Dividend

$0.00

Beta (Volatility)

1.50 (Average)

Price

$146.75

Volume

64,113.702

Open

$148.97

Previous Close

$148.71

Daily Range

$146.74 - $150.34

52-Week Range

$98.27 - $171.85

Estimated Earnings Date

Aug 5, 2026

About Novanta

Novanta makes high-tech parts for medical and industrial machines. These parts help robots and doctors perform very precise tasks. Its tools help make surgeries safer and factories more efficient.

The Tech Inside the Tools

  • Automation Enabling Technologies: Laser steering and robotic motion parts used in factories; generated $131 million in Q1 2026 revenue.
  • Medical Solutions: Specialized pumps and imaging tools for surgery; generated $126 million in Q1 2026 revenue.
  • Photonics: High-precision lasers used for cleaning materials and medical eye care procedures.
  • Precision Motion: Specialized motors and sensors that control robotic movements with exact accuracy.
  • Vision Systems: Technology including radio-frequency identification (RFID), which uses radio waves to track items automatically.

Recent Strategic Moves

  • Acquired Keonn Technologies in April 2025 to add new radio-frequency tracking products to its portfolio.
  • Launched the 2025 restructuring program to move manufacturing sites closer to regional customers.
  • Signed a $1 billion credit agreement in June 2025 to provide flexible funding for future needs.
  • Sold an unused industrial facility in early 2025, resulting in a $3.6 million gain.

Why Manufacturers Choose Novanta

Novanta focuses on parts that are essential to a machine's operation. Most products are sold to original equipment manufacturers (OEMs), who are companies that build the final devices sold to users.

A Look at the Financials

  • Revenue reached $257.7 million in Q1 2026, up 10.4% from $233.4 million in Q1 2025.
  • Operating cash flow reached $50.3 million in Q1 2026, up 58.8% year-over-year.
  • Free cash flow hit $46.2 million in Q1 2026, up 68.5% compared to the previous year.
  • Net income was $21.1 million in Q1 2026, a decrease of 0.5% from $21.2 million in Q1 2025.

Bottom Line

Novanta has evolved from a general technology supplier into a specialist in medical and robotic components. Its focus on hard-to-make parts for health and industry helps maintain a steady role in global supply chains.

AI Generated • May 20, 2026

Industry

Electronic Equipment, Instruments and Components

Employees

3,000

CEO

Matthijs Glastra, MBA

Headquarters

Bedford, MA 01730, US

NOVT Financials

Key Financial Metrics (TTM)

Gross Margin

41.48%

Operating Margin

11.63%

Net Income Margin

5.35%

Return on Equity

5.08%

Return on Capital

7.05%

Return on Assets

2.99%

Earnings Yield

0.93%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$5.30BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

35.61M

Volume

64.11K

Avg. Volume

530.96K

Financials (TTM)

Gross Profit

$416.81M

Operating Income

$116.84M

EBITDA

$149.78M

Operating Cash Flow

$82.69M

Capital Expenditure

-$15.48M

Free Cash Flow

$67.20M

Cash & ST Invst.

$388.80M

Total Debt

$290.49M

Novanta Performance Analysis

Novanta annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 860,903,00021.8%
20232023-12-31USD 881,662,0002.4%
20242024-12-31USD 949,245,0007.7%
20252025-12-31USD 980,600,0003.3%
Novanta sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-273.3%
Q32025-09-262.8%
Q42025-12-314.2%
Q12026-04-03-0.2%
Novanta annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 2.0646.6%
20232023-12-31USD 2.02-1.9%
20242024-12-31USD 1.77-12.3%
20252025-12-31USD 1.47-17.3%
Novanta sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-27-79.7%
Q32025-09-26150.0%
Q42025-12-3150.0%
Q12026-04-0313.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$257.71M

+10.4%

Gross Profit

$107.80M

+9.1%

Gross Margin

41.83%

N/A

Market Cap

$5.30BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.77M

N/A

Employees

3,000

N/A

Net Income

$21.10M

-0.5%

EBITDA

$42.36M

-7.2%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$388.80M

+266.6%

Total Debt

$290.49M

-34.4%

Accounts Receivable

$173.93M

+5.9%

Inventory

$193.14M

+32.8%

Long Term Debt

$240.38M

-43.7%

Short Term Debt

$50.11M

+221.6%

Return on Assets

2.99%

N/A

Return on Invested Capital

7.40%

N/A

Free Cash Flow

$46.18M

+68.5%

Operating Cash Flow

$50.31M

+58.8%

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Questions About NOVT

What is the current price of Novanta?

Novanta is trading at $146.77 per share.

What is the 52-week range for Novanta?

Over the past 52 weeks, Novanta has traded between $98.27 and $171.85.

How much debt does Novanta have?

As of the most recent reporting period, Novanta reported total debt of $291.34M.

How much cash does Novanta have on hand?

Novanta reported $388.80M in cash and cash equivalents in its most recent financial results.

What is Novanta’s dividend yield?

Novanta does not currently have a dividend yield.

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