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Novanta NOVT Gross margin

Gross margin at other companies

Stryker logo
StrykerSYK
63.8%-0.1pp
Coherent logo
CoherentCOHR
36.8%+2.3pp
Intuitive Surgical logo
Intuitive SurgicalISRG
66.3%-0.8pp
Onto Innovation logo
Onto InnovationONTO
48.8%-3.9pp
Nordson logo
NordsonNDSN
55.1%+0.3pp
Globus Medical logo
Globus MedicalGMED
67.9%+7.3pp

Other financials

Income statement

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Revenue$257.7M+10.4%
Gross profit$113.6M+8.8%
Operating income$27.5M-15.1%
Net income$21.1M-0.5%
EPS (diluted)$0.51-13.6%

Balance sheet

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Cash & equivalents$388.8M+267%
Total debt$291.3M-34.2%
Total equity$1.3B+70.3%
Total assets$1.8B+29.9%

Cash flow

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Operating cash flow$51.6M+62.9%
CapEx$4.1M-3.4%
Free cash flow$47.5M+73.2%

Valuation

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Market cap$5.53B-8.3%

Profitability

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Operating margin8.9%-3.5pp
Net margin5.3%-2.1pp
FCF margin6.8%-8.1pp

Returns & leverage

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Return on equity5.2%-4.6pp
Debt / equity0.2×-0.4×
Current ratio3.6×+1.0×

Where this comes from

Calculated from Novanta’s reported figures.

Based on trailing twelve months.

The official record: Novanta’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Novanta's gross margin?
Novanta (NOVT) reported gross margin of 44.2% in Q1 2026.
How has Novanta's gross margin changed year-over-year?
Novanta's gross margin decreased by 1.1% year-over-year, from 44.7% to 44.2%.
What is the long-term trend for Novanta's gross margin?
Over 5 years (2020 to 2025), Novanta's gross margin has grown at a 1.4% compound annual growth rate (CAGR), from 41.4% to 44.4%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.