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Nasdaq · Technology

NOVANTA INC (NOVT)

As-reported financials and SEC filings for NOVANTA INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About NOVANTA INC

Novanta Inc. supplies core technology solutions to original equipment manufacturers in the medical, life science, and advanced industrial sectors. Its products include laser beam steering and scanning solutions, laser sources, robotic and precision motion components, and medical-grade technologies such as insufflators, pumps, imaging, and RFID solutions. The company serves OEM customers worldwide, providing components and sub-systems for applications like advanced industrial processes, robotics, medical devices, and surgical equipment.

Snapshot

Revenue
$980.6M
Revenue growth (YoY)
3.3%
Net income
$53.8M
Diluted EPS
$1.47
Gross margin
44.4%
Operating margin
9.6%
Net margin
5.5%
FCF margin
4.9%
ROE
4.1%
net income / fiscal-year-end equity
P/E
90.0×
trailing when available, otherwise FY EPS
Market cap
$5.38B
Long-term debt / equity
0.16×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Novanta

  • Revenue grew 3.3% to $981M in FY2025, slower than the 7.7% the year before.
  • Operating margin is 9.6% in FY2025, +0.5 pp against 9.1% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $266M, up 10.3% from Q2 FY2025.
  • Free cash flow was $48M in FY2025, 4.9% of revenue.
  • Net income fell 16.0% to $54M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Novanta’s fundamentals sit among the 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin44.4%
43rd percentile of 509
Operating margin9.6%
67th percentile of 563
Net margin5.5%
58th percentile of 577
FCF margin4.9%
36th percentile of 544
Revenue growth (YoY)+3.3%
34th percentile of 616
ROE4.1%
51st percentile of 540
P/E90.0×
89th percentile of 330
Long-term debt / equity0.16×
27th percentile of 278
Short interest10.01d
95th percentile of 622

Novanta’s P/E of 90.0 ranks in the 89th percentile of the 330 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 5 insider sales totaling $1.0M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+5 quant / multi-strat
Initiated / added
6
3 new, 3 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$112.3M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$50.6M311.7KAdded
Point72 Asset ManagementquantQ2 2026$24.4M150.7KAdded
AQR Capital ManagementquantQ2 2026$15.2M95.3KReduced
Bridgewater AssociatesQ2 2026$14.6M90.1KNew
Two Sigma InvestmentsquantQ2 2026$3.1M19.0KAdded
Polen Capital ManagementQ2 2026$2.2M13.4KNew
D. E. ShawquantQ2 2026$1.2M7.6KReduced
Gotham Asset ManagementQ2 2026$951,2135.9KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
5
$1.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-02
filed 2026-07-07
Glastra MatthijsChief Executive OfficerSell3.0K$160.13$484K
2026-07-02
filed 2026-07-07
Glastra MatthijsChief Executive OfficerSell1.7K$161.28$270K
2026-07-02
filed 2026-07-07
Glastra MatthijsChief Executive OfficerSell1.2K$162.01$189K
2026-07-02
filed 2026-07-07
Glastra MatthijsChief Executive OfficerSell437$163.71$72K
2026-07-02
filed 2026-07-07
Glastra MatthijsChief Executive OfficerSell200$164.20$33K
2026-06-02
filed 2026-06-04
Glastra MatthijsChief Executive OfficerSell2.8K$168.76$479K
2026-06-02
filed 2026-06-04
Glastra MatthijsChief Executive OfficerSell1.4K$167.68$238K
2026-06-02
filed 2026-06-04
Glastra MatthijsChief Executive OfficerSell1.3K$169.76$221K
2026-06-02
filed 2026-06-04
Glastra MatthijsChief Executive OfficerSell500$166.19$83K
2026-06-02
filed 2026-06-04
Glastra MatthijsChief Executive OfficerSell400$171.28$69K
2026-06-02
filed 2026-06-04
Glastra MatthijsChief Executive OfficerSell38$164.61$6K
2026-05-12
filed 2026-05-14
Glastra MatthijsChief Executive OfficerSell5.1K$150.00$762K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.8M
settled 2026-08-14
Change vs prior
-7.1%
vs previous settlement
Days to cover
10.01
at avg daily volume
Avg daily volume
479.4K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.8M-7.1%10.01
2026-07-315.2M-2.4%13.12
2026-07-155.3M+0.7%9.28
2026-06-305.3M+11.1%8.39
2026-06-154.7M+12.0%8.68
2026-05-294.2M-1.5%10.01
2026-05-154.3M+3.9%7.07
2026-04-304.1M+2.3%11.80

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$980.6M$949.2M$881.7M$860.9M$706.8M
Gross profit$435.3M$421.5M$399.9M$378.5M$300.3M
Operating income$94.0M$110.6M$110.5M$103.1M$64.1M
Net income$53.8M$64.1M$72.9M$74.1M$50.3M
Diluted EPS$1.47$1.77$2.02$2.06$1.41

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$64.1M$158.5M$120.1M$90.8M$94.6M
Capital expenditure$15.6M$17.2M$20.0M$19.6M$20.0M
Free cash flow$48.4M$141.3M$100.1M$71.1M$74.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$265.8M10.3%$12.5M$0.30
Q1 FY2026$257.7M10.4%$21.1M$0.51
Q4 FY2025$258.3M8.5%$17.5M$0.45
Q3 FY2025$247.8M1.4%$10.7M$0.30
Q2 FY2025$241.0M2.2%$4.5M$0.12
Q1 FY2025$233.4M1.1%$21.2M$0.59
Q4 FY2024$238.1M12.5%$16.5M$0.46
Q3 FY2024$244.4M10.3%$19.2M$0.53

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryMiscellaneous Electrical Machinery, Equipment & Supplies
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended July 3, 2026)
Oldest indexed filing2010
SEC CIK1076930

Selected SEC filings

10-K2026-02-23
View on EDGAR →
10-Q2026-08-05
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-07-27
View on EDGAR →
8-K2026-06-09
View on EDGAR →
8-K2026-06-09
View on EDGAR →

Largest Technology peers

All Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.