Novanta Inc. Tangible Equity Units(NOVTU)Earnings, Financials & Key Ratios
NOVTU•NASDAQ
$63.55
43.2× P/E·Price updated Jul 7, 2026
- Revenue$981M
- EBITDA$179M
- Net Income$54M
- EPS (Diluted)1.47
- Gross Margin41.59%
- EBITDA Margin18.21%
- Operating Margin11.9%
- Net Margin5.49%
- ROE4.1%
NOVTU Price & Volume
Novanta Inc. Tangible Equity Units (NOVTU) stock price & volume — 10-year historical chart
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Inorganic Growth Strategy Masks Underlying Margin Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Stable
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Inorganic integration and execution
Key Thesis Takeaways
- Novanta Inc.
- demonstrates a resilient revenue trajectory with 10.4% growth in 2026Q1, yet the firm's heavy reliance on M&A integration and significant goodwill of $643.4 million creates persistent earnings quality concerns.
- While management has successfully reduced the debt-to-equity ratio to 0.22, the company's profitability remains sensitive to fluctuating gross margins, which compressed to 41.8% in the most recent quarter.
- Investors should monitor whether the current capital allocation strategy, including $18.6 million in quarterly buybacks, can sustain long-term value without further eroding operating margins.
Verdict Logic
while the balance sheet has strengthened with a current ratio of 3.56, the high P/E of 45.19 and reliance on inorganic growth warrant caution regarding future earnings sustainability.
NOVTU Growth Metrics
Novanta Inc. Tangible Equity Units (NOVTU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years7.32%
5 Years7.32%
3 Years7.32%
Last Year7.32%
NOVTU Recent Earnings
Novanta Inc. Tangible Equity Units (NOVTU) EPS & revenue vs analyst estimates — last 3 quarters
●Beat EPS 2/3 qtrs (67%)●Beat Revenue 3/3 qtrs (100%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.81+4.2%
$0.78
Rev
$258M+1.7%
$253M
Q1 2026
Feb 23, 2026Metric
Actual
Est
EPS
$0.91+3.4%
$0.88
Rev
$258M+1.1%
$256M
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$0.30-63.8%
$0.82
Rev
$248M+0.8%
$246M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.81vs $0.78+4.2% | $258Mvs $253M+1.7% |
| Q1 2026 | Feb 23, 2026 | $0.91vs $0.88+3.4% | $258Mvs $256M+1.1% |
| Q4 2025 | Nov 3, 2025 | $0.30vs $0.82-63.8% | $248Mvs $246M+0.8% |
Based on last 3 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Novanta Inc. Tangible Equity Units (NOVTU)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $63.55 | $2.26B | 43.23 | — | 5.49% | 4.1% | — | |
| $147.85 | $5.27B | 100.58 | 3.3% | 5.35% | 5.08% | — | |
| $349.57 | $23.53B | 79.99 | 9.62% | 8.03% | 12.24% | — | |
| $314.13 | $49.81B | -604.10 | 23.42% | 10.59% | 6.94% | — | |
| $96.60 | $4.1B | 132.33 | 2.73% | 2.78% | 1.37% | — | |
| $130.60 | $17.89B | 5856.50 | 2.72% | 3.46% | 2.79% | — |
Compare NOVTU vs Peers
Novanta Inc. Tangible Equity Units (NOVTU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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NOVTU Frequently Asked Questions
Novanta Inc. Tangible Equity Units (NOVTU) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Novanta Inc. Tangible Equity Units's revenue?
Novanta Inc. Tangible Equity Units (NOVTU) reported $1.00B in revenue for fiscal year 2025. This represents a 2% increase from $980.6M in 2025.
Is NOVTU profitable?
Yes, Novanta Inc. Tangible Equity Units (NOVTU) is profitable, generating $53.7M in net income for fiscal year 2025 (5.5% net margin).
Dividend & Returns
What is NOVTU's return on equity?
Novanta Inc. Tangible Equity Units (NOVTU) has a return on equity (ROE) of 4.1%. This is below average, suggesting room for improvement.
What is Novanta Inc. Tangible Equity Units's free cash flow?
Novanta Inc. Tangible Equity Units (NOVTU) generated $66.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.