Novanta Inc. (NOVT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 257.71M | 258.35M | 247.84M | 241.05M | 233.37M | 238.06M | 244.41M | 235.86M | 230.92M | 211.57M | 221.5M | 229.46M | 219.13M | 218.37M | 222.96M | 215.36M | 204.22M | 198.96M | 177.73M | 167.52M |
| Revenue Growth % | 10.43% | 8.52% | 1.4% | 2.2% | 1.06% | 12.52% | 10.34% | 2.79% | 5.38% | -3.12% | -0.65% | 6.55% | 7.3% | 9.76% | 25.45% | 28.55% | 25.61% | 34.89% | 24.35% | 15.75% |
| Cost of Goods Sold | 149.9M | 153.21M | 143.84M | 141.17M | 134.57M | 129.84M | 135.19M | 132.18M | 130.5M | 115.01M | 119.91M | 125.34M | 121.5M | 129.18M | 131.02M | 127.28M | 121.28M | 121.35M | 105.57M | 98.7M |
| COGS % of Revenue | 58.17% | 59.3% | 58.04% | 58.57% | 57.66% | 54.54% | 55.31% | 56.04% | 56.51% | 54.36% | 54.14% | 54.62% | 55.45% | 59.16% | 58.77% | 59.1% | 59.39% | 60.99% | 59.4% | 58.92% |
| Gross Profit | 107.8M | 105.14M | 103.99M | 99.88M | 98.8M | 108.22M | 109.22M | 103.69M | 100.42M | 96.56M | 101.59M | 104.12M | 97.63M | 89.19M | 91.94M | 88.07M | 82.93M | 77.61M | 72.16M | 68.82M |
| Gross Margin % | 41.83% | 40.7% | 41.96% | 41.43% | 42.34% | 45.46% | 44.69% | 43.96% | 43.49% | 45.64% | 45.86% | 45.38% | 44.55% | 40.84% | 41.23% | 40.9% | 40.61% | 39.01% | 40.6% | 41.08% |
| Gross Profit Growth % | 9.11% | -2.85% | -4.78% | -3.68% | -1.61% | 12.09% | 7.5% | -0.42% | 2.86% | 8.26% | 10.5% | 18.22% | 17.72% | 14.93% | 27.41% | 27.97% | 27.27% | 32.25% | 29.85% | 24.47% |
| Operating Expenses | 77.66M | 74.45M | 75.47M | 72.39M | 68.83M | 81.52M | 76.66M | 77.97M | 74.81M | 74.88M | 71.28M | 71.92M | 71.32M | 60.61M | 61.65M | 62.13M | 60.28M | 54.38M | 48.76M | 48.19M |
| OpEx % of Revenue | 30.14% | 28.82% | 30.45% | 30.03% | 29.5% | 34.24% | 31.37% | 33.06% | 32.4% | 35.39% | 32.18% | 31.34% | 32.55% | 27.76% | 27.65% | 28.85% | 29.52% | 27.33% | 27.44% | 28.77% |
| Selling, General & Admin | 54.41M | 51.58M | 51.38M | 47.1M | 45.6M | 43.3M | 44.32M | 44.79M | 43.53M | 41.7M | 39.65M | 42.19M | 40.92M | 38.71M | 40.3M | 40.54M | 39.35M | 34.97M | 31.3M | 31.24M |
| SG&A % of Revenue | 21.11% | 19.97% | 20.73% | 19.54% | 19.54% | 18.19% | 18.13% | 18.99% | 18.85% | 19.71% | 17.9% | 18.39% | 18.68% | 17.73% | 18.08% | 18.82% | 19.27% | 17.57% | 17.61% | 18.65% |
| Research & Development | 23.25M | 22.87M | 24.09M | 25.29M | 23.24M | 25.29M | 23.25M | 23.73M | 23.25M | 23.45M | 22.02M | 23.38M | 22.83M | 21.9M | 21.35M | 21.59M | 20.93M | 19.42M | 17.47M | 16.95M |
| R&D % of Revenue | 9.02% | 8.85% | 9.72% | 10.49% | 9.96% | 10.62% | 9.51% | 10.06% | 10.07% | 11.08% | 9.94% | 10.19% | 10.42% | 10.03% | 9.58% | 10.02% | 10.25% | 9.76% | 9.83% | 10.12% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 30.14M | 30.69M | 28.52M | 27.48M | 29.97M | 26.71M | 32.55M | 25.71M | 25.61M | 21.68M | 30.31M | 32.2M | 26.31M | 28.58M | 30.29M | 25.95M | 22.65M | 23.22M | 23.39M | 20.63M |
| Operating Margin % | 11.7% | 11.88% | 11.51% | 11.4% | 12.84% | 11.22% | 13.32% | 10.9% | 11.09% | 10.25% | 13.68% | 14.03% | 12.01% | 13.09% | 13.58% | 12.05% | 11.09% | 11.67% | 13.16% | 12.31% |
| Operating Income Growth % | 0.59% | 14.91% | -12.38% | 6.88% | 17.02% | 23.2% | 7.41% | -20.13% | -2.68% | -24.15% | 0.08% | 24.1% | 16.15% | 23.06% | 29.45% | 25.79% | 52.75% | 51.88% | 72.62% | 29.37% |
| EBITDA | 44.3M | 47.77M | 44.24M | 43.06M | 43.53M | 41.07M | 46.71M | 39.83M | 38.54M | 33.22M | 41.71M | 44.13M | 38.04M | 40.74M | 43.43M | 39.76M | 36.7M | 36M | 34.28M | 30.5M |
| EBITDA Margin % | 17.19% | 18.49% | 17.85% | 17.87% | 18.65% | 17.25% | 19.11% | 16.89% | 16.69% | 15.7% | 18.83% | 19.23% | 17.36% | 18.65% | 19.48% | 18.46% | 17.97% | 18.1% | 19.29% | 18.21% |
| EBITDA Growth % | 1.78% | 16.31% | -5.3% | 8.12% | 12.96% | 23.62% | 12% | -9.75% | 1.3% | -18.44% | -3.97% | 11.01% | 3.67% | 13.15% | 26.68% | 30.35% | 48.7% | 42.76% | 48.1% | 20.17% |
| D&A (Non-Cash Add-back) | 14.16M | 17.08M | 15.71M | 15.58M | 13.56M | 14.36M | 14.15M | 14.12M | 12.93M | 11.55M | 11.4M | 11.94M | 11.73M | 12.16M | 13.14M | 13.81M | 14.04M | 12.78M | 10.89M | 9.88M |
| EBIT | 30.14M | 30.69M | 28.52M | 27.48M | 29.97M | 33.09M | 35.05M | 28.26M | 27.89M | 26.3M | 34.79M | 33.43M | 28.79M | 24.62M | 30.83M | 23.51M | 23.81M | 21.73M | 15.24M | 15.82M |
| Net Interest Income | -1.84M | -4M | -6.01M | -5.82M | -5.64M | -6.89M | -8.08M | -8.27M | -8.25M | -5.92M | -6.76M | -6.81M | -6.33M | -5.69M | -4.06M | -2.76M | -3.11M | -2.89M | -1.71M | -1.38M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.84M | 4M | 6.01M | 5.82M | 5.64M | 6.89M | 8.08M | 8.27M | 8.25M | 5.92M | 6.76M | 6.81M | 6.33M | 5.69M | 4.06M | 2.76M | 3.11M | 2.89M | 1.71M | 1.38M |
| Other Income/Expense | -3.79M | -9.01M | -12.77M | -21.69M | -3.55M | -5.91M | -8.33M | -8.59M | -8.69M | -5.93M | -7.32M | -6.93M | -6.58M | -9.64M | -3.51M | -5.19M | -1.96M | -4.38M | -9.87M | -6.18M |
| Pretax Income | 26.35M | 21.68M | 15.76M | 5.79M | 26.42M | 20.8M | 24.23M | 17.13M | 16.92M | 15.75M | 22.99M | 25.27M | 19.74M | 18.93M | 26.77M | 20.75M | 20.7M | 18.84M | 13.53M | 14.44M |
| Pretax Margin % | 10.23% | 8.39% | 6.36% | 2.4% | 11.32% | 8.74% | 9.91% | 7.26% | 7.33% | 7.44% | 10.38% | 11.01% | 9.01% | 8.67% | 12.01% | 9.64% | 10.14% | 9.47% | 7.61% | 8.62% |
| Income Tax | 5.25M | 4.21M | 5.11M | 1.29M | 5.21M | 4.33M | 5.03M | 3.38M | 2.24M | 3.23M | 1.77M | 4.39M | 1.47M | 3.67M | 4.28M | 3.27M | 1.88M | 5.08M | -75K | 2.78M |
| Effective Tax Rate % | 19.94% | 19.4% | 32.4% | 22.32% | 19.72% | 20.83% | 20.78% | 19.7% | 13.24% | 20.54% | 7.7% | 17.38% | 7.46% | 19.4% | 15.99% | 15.78% | 9.07% | 26.99% | -0.55% | 19.23% |
| Net Income | 21.1M | 17.47M | 10.65M | 4.5M | 21.21M | 16.46M | 19.19M | 13.76M | 14.68M | 12.51M | 21.22M | 20.88M | 18.27M | 15.26M | 22.49M | 17.48M | 18.82M | 13.75M | 13.6M | 11.66M |
| Net Margin % | 8.19% | 6.76% | 4.3% | 1.87% | 9.09% | 6.92% | 7.85% | 5.83% | 6.36% | 5.91% | 9.58% | 9.1% | 8.34% | 6.99% | 10.09% | 8.12% | 9.22% | 6.91% | 7.65% | 6.96% |
| Net Income Growth % | -0.51% | 6.12% | -44.49% | -67.31% | 44.51% | 31.6% | -9.57% | -34.12% | -19.65% | -18.03% | -5.63% | 19.45% | -2.95% | 10.96% | 65.33% | 49.85% | 66.4% | 8.68% | 64.73% | 0.03% |
| Net Income (Continuing) | 21.1M | 17.47M | 10.65M | 4.5M | 21.21M | 16.46M | 19.19M | 13.76M | 14.68M | 12.51M | 21.22M | 20.88M | 18.27M | 15.26M | 22.49M | 17.48M | 18.82M | 13.75M | 13.6M | 11.66M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.51 | 0.45 | 0.30 | 0.12 | 0.59 | 0.46 | 0.53 | 0.38 | 0.41 | 0.35 | 0.59 | 0.58 | 0.51 | 0.42 | 0.63 | 0.49 | 0.53 | 0.38 | 0.38 | 0.33 |
| EPS Growth % | -13.56% | -2.17% | -43.4% | -68.42% | 43.9% | 31.43% | -10.17% | -34.48% | -19.61% | -16.67% | -6.35% | 18.37% | -3.77% | 10.53% | 65.79% | 48.48% | 65.63% | 8.57% | 65.22% | 0% |
| EPS (Basic) | 0.52 | 0.46 | 0.30 | 0.12 | 0.59 | 0.46 | 0.53 | 0.38 | 0.41 | 0.35 | 0.59 | 0.58 | 0.51 | 0.43 | 0.63 | 0.49 | 0.53 | 0.39 | 0.38 | 0.33 |
| Diluted Shares Outstanding | 41.16M | 38.68M | 36.04M | 36.08M | 36.13M | 36.15M | 36.13M | 36.09M | 36.13M | 36.08M | 36.04M | 36.03M | 36M | 36M | 35.93M | 35.93M | 35.78M | 35.81M | 35.76M | 35.76M |
| Basic Shares Outstanding | 40.42M | 38.24M | 35.97M | 36.02M | 36.02M | 35.98M | 35.96M | 35.95M | 35.91M | 35.88M | 35.86M | 35.85M | 35.81M | 35.74M | 35.73M | 35.61M | 35.54M | 35.48M | 35.45M | 35.37M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |