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Novanta NOVT US — Current Income Tax Expense Benefit

Other geography segments

CA
$43K-27.1%

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ROIVOther — Current Income Tax Expense Benefit
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Other financials

Income statement

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Revenue$265.8M+10.3%
Gross profit$120.9M+13.3%
Operating income$18.1M+21.1%
Net income$12.5M+179%
EPS (diluted)$0.30+150%

Balance sheet

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Cash & equivalents$718.7M+554%
Total debt$285.6M-44.5%
Total equity$1.6B+102%
Total assets$2.1B+41.6%

Cash flow

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Operating cash flow$64.9M+331%
CapEx$7.5M+120%
Free cash flow$57.5M+392%

Valuation

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Market cap$5.82B+42.2%
Enterprise value$5.38B+19.7%
P/E94.2×+27.5×
P/S5.7×+1.4×

Profitability

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Gross margin44.5%-0.2pp
Operating margin9%-2.2pp
Net margin6%-0.4pp
FCF margin11.1%-1.2pp

Returns & leverage

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Return on equity5.1%-3.1pp
Debt / equity0.2×-0.5×
Current ratio4.6×+2.0×

Where this comes from

Reported directly by Novanta in its filing.

Tagged under the XBRL concept us-gaap:CurrentIncomeTaxExpenseBenefit.

The source filing: Novanta’s 10-K, filed February 23, 2026.

Filed
Feb 23, 2026, 4:57 PM EST
Fiscal year
FY2025
Accession
0001193125-26-064230
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Current
Canada$11$43$59
U.S.1,73311,19814,424
Other22,92219,64711,113
24,66630,88825,596
Deferred
Canada
U.S.(5,124)(12,612)(12,224)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Novanta's US — current income tax expense benefit?
Novanta (NOVT) reported US — current income tax expense benefit of $433.25K in Q4 2025.
How has Novanta's US — current income tax expense benefit changed year-over-year?
Novanta's US — current income tax expense benefit decreased by 84.5% year-over-year, from $2.8M to $433.25K.
What is the long-term trend for Novanta's US — current income tax expense benefit?
Over 4 years (2021 to 2025), Novanta's US — current income tax expense benefit has grown at a 70.5% compound annual growth rate (CAGR), from $205K to $1.73M.
What does US — current income tax expense benefit mean?
This represents the amount of income tax payable or refundable for the current period based on the taxable income generated within the US segment. It reflects the immediate cash tax impact of domestic operations and is influenced by statutory tax rates and applicable deductions. Monitoring this helps in understanding the effective tax burden on domestic earnings.

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