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Novanta NOVT Medical Solutions — Segment Operating Income

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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 novt:SegmentOperatingIncome.

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 — segment operating income?
Novanta (NOVT) reported medical solutions — segment operating income of $16.73M in Q1 2026.
How has Novanta's medical solutions — segment operating income changed year-over-year?
Novanta's medical solutions — segment operating income increased by 19.2% year-over-year, from $14.03M to $16.73M.
What is the long-term trend for Novanta's medical solutions — segment operating income?
Over 3 years (2022 to 2025), Novanta's medical solutions — segment operating income has grown at a 3.0% compound annual growth rate (CAGR), from $46.87M to $51.17M.
What does medical solutions — segment operating income mean?
This is the primary measure of profitability for the business segment, calculated as revenue minus operating expenses, excluding interest and taxes. It serves as a key indicator of the segment's ability to generate profit from its core business activities. Investors use this to assess the operational efficiency and competitive strength of the specific business unit.