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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
Onto Innovation logo
Onto InnovationONTO
6.4%-4.2pp
Nordson logo
NordsonNDSN
12.2%+1.0pp
Globus Medical logo
Globus MedicalGMED
11.9%+5.0pp
Belden logo
BeldenBDC
12.2%+0.5pp

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

Calculated from Novanta’s reported figures.

Based on trailing twelve months.

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 return on invested capital?
Novanta (NOVT) reported return on invested capital of 5.9% in Q1 2026.
How has Novanta's return on invested capital changed year-over-year?
Novanta's return on invested capital decreased by 28.2% year-over-year, from 8.3% to 5.9%.
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.