YOLFTbeta
Novanta Inc

Novanta Inc

NOVT · NASDAQ · Technology / Scientific & Technical Instruments

118.88USD+1.46 (+1.24%)

Price History

Full chart

Market Stats

Previous Close117.42
Open118.13
Day Range113.13 – 121.44
52-Week Range98.27 – 176.38
Volume606.60K
Market Cap5.52B
P/E (TTM)92.39
Forward P/E8.39
EPS1.58
Dividend Yield0.00%
Beta1.70
50-Day Avg142.18
200-Day Avg142.44

About

Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. The company operates Automation Enabling Technologies and Medical Solutions segments. The Precision Medicine and Manufacturing segment designs, manufactures, and markets laser beam steering and scanning solutions, laser sources, robotic and precision motion, robotic end-of-arm tooling, and bearing spindles. This segment serves advanced industrial processes, advanced industrial and medical robotics, other medical and life science automation applications, and medical laser procedures, such as ophthalmology applications. The Medical Solutions segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; imaging, identification and RFID solutions; advanced motion control solutions; and light engines, and integrated operating room technologies. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is based in Bedford, Massachusetts.

Company Details

  • SectorTechnology
  • IndustryScientific & Technical Instruments
  • CEOMr. Matthijs Glastra
  • Employees3.00K
  • Headquarters125 Middlesex Turnpike, Bedford, MA, United States, 01730, USA
  • Websitehttps://www.novanta.com

Leadership

  • Mr. Matthijs GlastraCEO & Chairman of the Board · b. 1969
  • Mr. Robert J. BuckleyChief Financial Officer · b. 1974
  • Mr. Alexander ManganielloGeneral Counsel & Corporate Secretary · b. 1967
  • Mr. Charles G. RavettoCo-Chief Operating Officer of Automation Enabling Technologies · b. 1971
  • Mr. John LesicaCo-Chief Operating Officer of Medical Solutions · b. 1976
  • Mr. John Joseph Burke IIChief Accounting Officer & Corporate Controller · b. 1982
  • Ms. Sarah BetadamChief Information Officer & Chief Information Security Officer
  • Ms. Nissia SabriSenior Vice President of Corporate Development
  • Mr. Liam WestonChief Human Resources Officer
  • Mr. Heinrich DreyerGroup President of Medical Solutions

Financials

Income Statement

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue144.20M274.60M373.86M247.90M159.07M185.56M330.01M260.78M313.61M291.08M288.47M288.47M383.52M366.28M271.50M341.61M364.71M373.60M384.76M521.29M614.34M626.10M590.62M706.79M860.90M881.66M949.25M980.60M
Growth (%)-+90.43%+36.15%-33.69%-35.83%+16.65%+77.85%-20.98%+20.26%-7.18%-0.90%0.00%+32.95%-4.49%-25.88%+25.82%+6.76%+2.44%+2.99%+35.49%+17.85%+1.91%-5.67%+19.67%+21.80%+2.41%+7.67%+3.30%
Cost of Revenue96.60M167.70M239.44M167.26M109.88M117.08M196.57M156.91M183.45M177.95M190.85M190.85M217.12M205.90M157.02M202.16M214.54M215.71M222.31M300.76M352.81M364.01M346.11M406.46M482.43M481.76M527.70M572.79M
Gross Profit47.60M106.90M134.42M80.64M49.19M68.48M133.44M103.87M130.16M113.13M97.62M97.62M166.40M160.38M114.48M139.45M150.17M157.89M162.45M220.53M261.53M262.08M244.52M300.33M378.47M399.90M421.55M407.81M
Gross Margin33.01%38.93%35.95%32.53%30.93%36.90%40.43%39.83%41.50%38.87%33.84%33.84%43.39%43.79%42.16%40.82%41.17%42.26%42.22%42.30%42.57%41.86%41.40%42.49%43.96%45.36%44.41%41.59%
Operating Expense57.10M108.60M129.19M102.32M86.49M72.56M88.14M92.42M101.74M90.49M117.21M342.75M112.49M116.44M99.47M120.00M166.97M128.96M129.50M162.97M190.51M206.80M188.63M236.27M275.39M289.40M310.96M291.14M
Operating Income-9.50M-1.70M5.23M-21.68M-37.30M-4.09M45.29M11.45M28.42M22.65M-19.59M-245.13M53.91M43.94M15.01M19.45M-16.81M28.93M32.95M57.57M71.01M55.28M55.89M64.05M103.08M110.50M110.58M116.66M
Operating Margin-6.59%-0.62%1.40%-8.74%-23.45%-2.20%13.72%4.39%9.06%7.78%-6.79%-84.98%14.06%12.00%5.53%5.69%-4.61%7.74%8.57%11.04%11.56%8.83%9.46%9.06%11.97%12.53%11.65%11.90%
EBITDA-3.90M13.50M19.54M-6.97M-20.95M9.58M58.87M27.87M43.38M36.76M-13.88M-222.59M53.91M53.52M26.78M44.40M50.37M56.52M61.43M100.25M116.06M110.14M97.99M125.47M160.62M169.92M179.86M153.05M
EBITDA Margin-2.70%4.92%5.23%-2.81%-13.17%5.16%17.84%10.69%13.83%12.63%-4.81%-77.16%14.06%14.61%9.86%13.00%13.81%15.13%15.97%19.23%18.89%17.59%16.59%17.75%18.66%19.27%18.95%15.61%
Net Income-8.00M-34.80M45.38M-14.70M-27.72M-2.17M41.47M9.66M21.74M15.15M-203.85M-203.85M-687.00K28.97M19.54M7.31M-24.25M35.62M22.00M60.05M49.11M40.77M44.52M50.33M74.05M72.88M64.09M53.83M
Net Income Margin-5.55%-12.67%12.14%-5.93%-17.43%-1.17%12.57%3.70%6.93%5.21%-70.67%-70.67%-0.18%7.91%7.20%2.14%-6.65%9.53%5.72%11.52%7.99%6.51%7.54%7.12%8.60%8.27%6.75%5.49%
R&D13.00M28.70M33.93M25.63M20.44M13.89M23.98M25.67M30.64M30.49M45.59M45.59M29.86M31.97M22.39M26.35M28.95M31.04M32.00M41.67M51.02M55.97M61.00M72.52M85.77M91.68M95.52M95.48M
R&D as % of Total Revenue9.02%10.45%9.08%10.34%12.85%7.49%7.26%9.84%9.77%10.47%15.80%15.80%7.79%8.73%8.25%7.71%7.94%8.31%8.32%7.99%8.31%8.94%10.33%10.26%9.96%10.40%10.06%9.74%
Interest Expense0000701.00K202.00K263.00K291.00K821.00K128.00K010.39M19.91M11.96M2.79M3.46M5.10M5.18M4.56M7.17M9.81M8.49M6.56M7.39M15.62M25.82M31.49M21.47M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.44%0.11%0.08%0.11%0.26%0.04%0.00%3.60%5.19%3.27%1.03%1.01%1.40%1.39%1.18%1.37%1.60%1.36%1.11%1.05%1.81%2.93%3.32%2.19%

Balance Sheet

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets152.50M289.70M431.18M336.69M297.09M308.60M386.16M373.44M411.40M440.21M520.32M520.32M386.67M348.50M337.46M378.81M397.62M416.05M425.64M726.70M719.58M869.74M865.18M1.23B1.24B1.23B1.39B1.81B
Total Liabilities31.60M118.00M141.92M54.36M42.61M47.81M80.60M66.89M68.33M161.97M367.42M367.42M305.55M139.14M109.25M136.40M186.37M171.34M166.77M368.24M351.32M452.56M388.37M706.59M663.63M552.60M642.81M492.82M
Total Equity120.90M171.70M289.27M282.33M254.48M260.79M305.56M306.56M343.07M374.12M152.90M152.68M81.12M209.00M227.81M241.98M210.82M244.70M258.87M311.55M368.25M417.17M476.81M521.29M577.59M673.46M745.70M1.31B
Cash24.20M25.30M113.86M102.96M83.63M64.03M82.33M69.29M138.31M171.71M69.00M69.00M63.34M54.84M65.79M60.98M51.15M59.96M68.11M100.06M82.04M78.94M125.05M117.39M100.11M105.05M113.99M380.87M
Total Debt14.30M28.50M17.83M8.82M------185.12M185.12M188.97M68.00M50.00M71.50M121.88M104.98M86.03M234.62M207.38M275.67M255.05M493.40M489.38M404.56M471.00M341.61M
Net Debt-9.90M3.20M-96.03M-94.13M-83.63M-64.03M-82.33M-69.29M-138.31M-171.71M116.11M116.11M125.63M13.16M-15.79M10.52M70.74M45.02M17.92M134.56M125.33M196.72M130.00M376.01M389.28M299.51M357.01M-39.26M

Cash Flow

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-7.00M-4.40M-10.22M-17.48M11.72M21.83M35.40M4.86M35.26M37.49M38.90M38.90M-4.74M45.17M28.43M49.20M42.29M33.42M47.79M63.38M89.65M63.25M140.24M94.63M90.78M120.08M158.51M64.06M
Investing Cash Flow-14.80M-900.00K35.84M12.44M-23.84M-41.66M-22.57M-14.97M32.80M-7.64M--338.40M8.75M-4.22M2.98M-72.96M-89.77M-1.63M-12.87M-177.38M-45.59M-63.84M-13.16M-306.70M-42.54M-19.89M-208.19M-74.32M
Financing Cash Flow-2.70M5.40M61.19M-6.28M-8.23M799.00K3.23M850.00K2.13M758.00K196.93M196.93M-11.56M-43.09M-21.11M18.57M40.28M-21.54M-23.19M143.33M-60.16M-3.94M-84.36M204.75M-60.15M-97.85M56.94M276.33M
Capital Expenditure15.10M13.90M10.14M8.64M2.95M21.62M2.41M3.55M8.56M4.64M386.66M386.66M2.66M4.22M4.31M4.99M5.42M5.55M8.46M9.09M14.66M10.74M10.52M22.18M19.64M19.96M17.16M15.63M
Free Cash Flow-22.10M-18.30M-20.36M-26.12M8.77M203.00K32.99M1.31M26.69M32.95M-347.76M-334.73M-7.40M40.96M24.12M44.21M36.87M27.86M39.33M54.28M74.99M52.51M129.72M72.45M71.14M100.11M141.35M48.43M
Dividends Paid-------------0000000--------
FCF to OCF315.71%415.91%199.24%149.43%74.81%0.93%93.19%26.99%75.71%87.90%-893.94%-860.45%156.12%90.66%84.85%89.86%87.20%83.39%82.29%85.65%83.65%83.01%92.50%76.56%78.36%83.38%89.17%75.60%
Dividend Paid to FCF-------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%--------

Earnings

Report DateFeb 25, 1997Aug 13, 1997Nov 5, 1997Feb 26, 1998Aug 12, 1998Oct 28, 1998Feb 25, 1999May 5, 1999Aug 11, 1999Nov 3, 1999Feb 24, 2000May 4, 2000Aug 2, 2000Nov 1, 2000Feb 27, 2001Apr 25, 2001Jul 31, 2001Oct 25, 2001Feb 27, 2002Apr 24, 2002Jul 24, 2002Oct 29, 2002Feb 27, 2003May 1, 2003Jul 22, 2003Oct 23, 2003Feb 26, 2004Apr 29, 2004Aug 3, 2004Oct 28, 2004Feb 22, 2005Apr 28, 2005Jul 25, 2005Oct 25, 2005Feb 21, 2006Apr 25, 2006Jul 25, 2006Oct 24, 2006Feb 27, 2007May 3, 2007Jul 25, 2007Oct 23, 2007Feb 27, 2008Apr 30, 2008Jul 31, 2008Oct 22, 2008Feb 26, 2009Apr 30, 2009Jul 30, 2009Oct 21, 2009Feb 25, 2010Apr 29, 2010Jul 29, 2010Nov 18, 2010Mar 28, 2011May 16, 2011Aug 11, 2011Nov 10, 2011Mar 14, 2012May 8, 2012Aug 7, 2012Nov 7, 2012Mar 12, 2013May 8, 2013Aug 6, 2013Nov 5, 2013Mar 11, 2014May 6, 2014Aug 6, 2014Nov 5, 2014Mar 4, 2015May 7, 2015Aug 5, 2015Nov 4, 2015Mar 2, 2016May 6, 2016Aug 2, 2016Nov 2, 2016Mar 6, 2017May 8, 2017Aug 3, 2017Nov 1, 2017Feb 28, 2018May 8, 2018Aug 8, 2018Nov 6, 2018Feb 27, 2019May 7, 2019Aug 6, 2019Nov 5, 2019Feb 26, 2020May 12, 2020Aug 6, 2020Nov 10, 2020Mar 1, 2021May 11, 2021Aug 10, 2021Nov 9, 2021Mar 1, 2022May 10, 2022Aug 9, 2022Nov 8, 2022Mar 1, 2023May 9, 2023Aug 8, 2023Nov 7, 2023Feb 28, 2024May 7, 2024Aug 6, 2024Nov 5, 2024Feb 26, 2025May 6, 2025Aug 5, 2025Nov 3, 2025Feb 23, 2026May 11, 2026Aug 5, 2026Nov 2, 2026Nov 9, 2026Feb 23, 2027
EPS Estimate0.810.680.931.08-0.39-0.20-0.30-0.05-0.11-0.060.240.270.450.470.540.450.27-0.51-0.58-0.45-0.28-0.31-0.24-0.17-0.070.040.120.520.720.880.640.050.080.090.180.330.480.450.260.200.240.460.440.210.06--------0.450.040.080.210.230.080.160.240.150.120.130.150.120.140.070.170.180.190.160.200.200.210.180.240.270.280.240.330.340.410.400.490.520.510.480.540.520.540.320.230.390.440.390.510.600.640.630.720.740.720.640.730.740.630.580.690.850.710.670.730.820.880.780.830.970.971.02
EPS Actual0.810.750.870.84-0.60-0.18-0.69-0.30-0.320.180.390.450.480.480.240.360.27-0.63-0.48-0.36-0.42-0.27-0.15-0.06-0.060.030.180.630.840.870.630.080.210.150.300.360.450.420.330.240.240.540.330.150.09-1.03-13.20-1.06-0.62-0.81-2.000.38-0.32-0.03-0.050.190.300.270.110.110.200.12-0.010.140.090.150.130.140.190.230.240.200.200.240.290.180.270.290.350.310.410.450.440.470.510.610.560.530.540.530.550.510.480.420.530.580.620.750.670.730.780.810.750.740.800.850.630.740.730.850.760.740.760.870.910.810.89-1.05-
Surprise0.00%10.29%-6.45%-22.22%-53.85%10.00%-130.00%-500.00%-190.91%400.00%62.50%66.67%6.67%2.13%-55.56%-20.00%0.00%-23.53%17.24%20.00%-50.00%12.90%37.50%64.71%14.29%-25.00%50.00%21.15%16.67%-1.14%-1.56%60.00%162.50%66.67%66.67%9.09%-6.25%-6.67%26.92%20.00%0.00%17.39%-25.00%-28.57%50.00%---------106.67%-225.00%137.50%42.86%17.39%37.50%-31.25%-16.67%-20.00%-108.33%7.69%-40.00%25.00%-7.14%100.00%11.76%27.78%26.32%25.00%0.00%20.00%38.10%0.00%12.50%7.41%25.00%29.17%24.24%32.35%7.32%17.50%4.08%17.31%9.80%10.42%0.00%1.92%1.85%59.38%108.70%7.69%20.45%48.72%21.57%25.00%4.69%15.87%8.33%9.46%4.17%15.63%9.59%14.86%0.00%27.59%5.80%0.00%6.55%10.45%4.11%6.10%3.41%3.85%7.23%-8.25%-
Timing---------After-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursPre-market--------After-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursPre-market-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursPre-marketAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursPre-market

Key Statistics & Ratios

Market Cap5.52B
Enterprise Value4.68B
Trailing P/E92.39
Forward P/E8.39
PEG Ratio2.11
Price / Sales5.08
Price / Book3.16
EPS1.58
Book Value38.14
Revenue (TTM)1.09B
Gross Profit (TTM)483.39M
EBITDA178.08M
Profit Margin4.89%
Operating Margin4.56%
Return on Equity4.38%
Return on Assets2.80%
Shares Outstanding37.82M
Shares Float42.27M
Beta1.70
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 3 analystsTarget 194.50
  • Strong Buy
    2
  • Buy
    1

Ownership Breakdown

Institutions
122.68%
Insiders
0.71%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    4.80M12.69%
  • Vanguard Portfolio Management, LLC
    2.40M6.33%
  • T. Rowe Price Associates, Inc.
    2.22M5.88%
  • Allspring Global Investments Holdings, LLC
    1.82M4.81%
  • Vanguard Capital Management, LLC
    1.61M4.25%
  • State Street Corp
    1.44M3.80%
  • Conestoga Capital Advisors, LLC
    1.22M3.22%
  • Geode Capital Management, LLC
    987.73K2.61%
  • Congress Asset Management Company, LLP
    973.77K2.57%
  • GW&K Investment Management, LLC
    897.27K2.37%
  • BAMCO Inc
    850.49K2.25%
  • William Blair Investment Management, LLC
    765.87K2.03%
  • Wasatch Advisors LP
    759.99K2.01%
  • Geneva Capital Management
    758.88K2.01%
  • American Century Companies Inc
    717.29K1.90%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    1.36M3.59%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.20M3.18%
  • iShares Russell 2000 ETF
    918.71K2.43%
  • Vanguard Small Cap Index
    850.64K2.25%
  • Vanguard Information Technology ETF
    729.56K1.93%

Stock Splits

  • Dec 29, 20101:3