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Novanta NOVT Return on invested capital

Return on invested capital at other companies

Coherent logo
CoherentCOHR
2.7%+2.1pp
Intuitive Surgical logo
Intuitive SurgicalISRG
17.6%+1.2pp
Allient Inc. logo
Allient Inc.ALNT
7.2%+2.9pp
Nordson logo
NordsonNDSN
12.2%+1.0pp
Globus Medical logo
Globus MedicalGMED
12.1%+5.0pp
Belden logo
BeldenBDC
12.2%+0.5pp

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

Calculated from Novanta’s reported figures.

Based on trailing twelve months.

The source filing: Novanta’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 5:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-335404

FAQ

What is Novanta's return on invested capital?
Novanta (NOVT) reported return on invested capital of 6% in Q2 2026.
How has Novanta's return on invested capital changed year-over-year?
Novanta's return on invested capital decreased by 17.1% year-over-year, from 7.2% to 6%.
What is the long-term trend for Novanta's return on invested capital?
Over 5 years (2020 to 2025), Novanta's return on invested capital has grown at a -5.9% compound annual growth rate (CAGR), from 8.4% to 6.2%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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