What is Novanta's invested capital?

Novanta (NOVT) reported invested capital of $1.21B in Q1 2026.

How has Novanta's invested capital changed year-over-year?

Novanta's invested capital increased by 9.7% year-over-year, from $1.11B to $1.21B.

What is the long-term trend for Novanta's invested capital?

Over 5 years (2020 to 2025), Novanta's invested capital has grown at a 15.3% compound annual growth rate (CAGR), from $606.81M to $1.24B.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

Novanta NOVT Invested capital

Discontinued — last reported Q1 '26

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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%

Enterprise value$5.43B-16.6%

P/E103×+17.5×

P/S5.5×-0.8×

Profitability

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Gross margin44.2%-0.5pp

Operating margin8.9%-3.5pp

Net margin5.3%-2.1pp

FCF margin6.8%-8.1pp

Returns & leverage

See full

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.

$291.3Mtotal debt+$1.3Btotal stockholders equity−$388.8Mcash and equivalents=$1.21B

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 invested capital?: Novanta (NOVT) reported invested capital of $1.21B in Q1 2026.
How has Novanta's invested capital changed year-over-year?: Novanta's invested capital increased by 9.7% year-over-year, from $1.11B to $1.21B.
What is the long-term trend for Novanta's invested capital?: Over 5 years (2020 to 2025), Novanta's invested capital has grown at a 15.3% compound annual growth rate (CAGR), from $606.81M to $1.24B.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).