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Novanta NOVT Medical Solutions — Cost of Goods Sold

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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

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

Where this comes from

Reported directly by Novanta in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

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 medical solutions — cost of goods sold?
Novanta (NOVT) reported medical solutions — cost of goods sold of $71.73M in Q1 2026.
How has Novanta's medical solutions — cost of goods sold changed year-over-year?
Novanta's medical solutions — cost of goods sold increased by 15.6% year-over-year, from $62.04M to $71.73M.
What is the long-term trend for Novanta's medical solutions — cost of goods sold?
Over 3 years (2022 to 2025), Novanta's medical solutions — cost of goods sold has grown at a 14.0% compound annual growth rate (CAGR), from $181.91M to $269.36M.
What does medical solutions — cost of goods sold mean?
The direct costs attributable to the production of goods and the delivery of services within the Medical Solutions segment. This includes raw materials, direct labor, and manufacturing overhead required to generate the segment's revenue.