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Novanta NOVT US — Deferred 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:DeferredIncomeTaxExpenseBenefit.

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
Other22,92219,64711,113
24,66630,88825,596
Deferred
Canada
U.S.(5,124)(12,612)(12,224)
Other(3,729)(3,297)(2,502)
(8,853)(15,909)(14,726)
Total$15,813$14,979$10,870

Item 8. Financial Statements and Supplementary Data

FAQ

What is Novanta's US — deferred income tax expense benefit?
Novanta (NOVT) reported US — deferred income tax expense benefit of -$1.28M in Q4 2025.
How has Novanta's US — deferred income tax expense benefit changed year-over-year?
Novanta's US — deferred income tax expense benefit increased by 59.4% year-over-year, from -$3.15M to -$1.28M.
What is the long-term trend for Novanta's US — deferred income tax expense benefit?
Over 4 years (2021 to 2025), Novanta's US — deferred income tax expense benefit has grown at a 24.5% compound annual growth rate (CAGR), from -$2.13M to -$5.12M.
What does US — deferred income tax expense benefit mean?
This metric captures the change in deferred tax assets and liabilities for the US segment, resulting from temporary differences between the financial reporting and tax reporting of income. It indicates future tax consequences of events already recognized in the financial statements. Investors analyze this to understand how accounting practices and tax timing differences impact the company's future cash flow profile.

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