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Novanta NOVT Medical Solutions — Gross Profit

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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:GrossProfit.

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 — gross profit?
Novanta (NOVT) reported medical solutions — gross profit of $52.18M in Q1 2026.
How has Novanta's medical solutions — gross profit changed year-over-year?
Novanta's medical solutions — gross profit increased by 13.5% year-over-year, from $45.96M to $52.18M.
What is the long-term trend for Novanta's medical solutions — gross profit?
Over 4 years (2021 to 2025), Novanta's medical solutions — gross profit has grown at a 18.6% compound annual growth rate (CAGR), from $100.89M to $199.7M.
What does medical solutions — gross profit mean?
The residual profit remaining after deducting the direct costs of goods and services sold from the total revenue of the Medical Solutions segment. It measures the core production efficiency and pricing power of the segment before operating expenses are considered.