Novanta Inc. (NOVT)

Novanta Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 28, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	951.7	949.25	881.66	860.9	706.79	590.62
Revenue Growth (YoY)	6.52%	7.66%	2.41%	21.80%	19.67%	-5.67%
Cost of Revenue	523.44	524.92	481.77	482.27	405.05	345.92
Gross Profit	428.26	424.32	399.9	378.63	301.74	244.71
Selling, General & Admin	178.58	176.52	165.23	158.7	129.55	109.96
Research & Development	95.51	95.52	91.68	85.77	72.52	61
Operating Expenses	299.69	297.83	277.35	270.8	218.65	184.93
Operating Income	128.57	126.5	122.55	107.83	83.09	59.78
Interest Expense	-28.88	-31.49	-25.82	-15.62	-7.39	-6.56
Currency Exchange Gain (Loss)	0.37	0.41	-0.26	0.07	-0.13	-0.94
Other Non Operating Income (Expenses)	0.26	0.13	0.09	-0.58	0.03	0.13
EBT Excluding Unusual Items	100.32	95.55	96.56	91.7	75.6	52.4
Merger & Restructuring Charges	-11.75	-16.49	-12.81	-4.54	-19.43	-4
Pretax Income	88.57	79.07	83.75	87.16	56.17	48.4
Income Tax Expense	17.95	14.98	10.87	13.11	5.84	3.88
Earnings From Continuing Operations	70.62	64.09	72.88	74.05	50.33	44.52
Net Income to Company	70.62	64.09	72.88	74.05	50.33	44.52
Net Income	70.62	64.09	72.88	74.05	50.33	44.52
Net Income to Common	70.62	64.09	72.88	74.05	50.33	44.52
Net Income Growth	1.92%	-12.06%	-1.58%	47.13%	13.05%	9.19%
Shares Outstanding (Basic)	36	36	36	36	35	35
Shares Outstanding (Diluted)	36	36	36	36	36	36
Shares Change (YoY)	0.17%	0.26%	0.34%	0.36%	0.36%	0.30%
EPS (Basic)	1.96	1.78	2.03	2.08	1.42	1.27
EPS (Diluted)	1.95	1.77	2.02	2.06	1.41	1.25
EPS Growth	1.57%	-12.38%	-1.94%	46.10%	12.80%	8.70%
Free Cash Flow	142.34	141.35	100.11	71.14	74.65	129.72
Free Cash Flow Per Share	3.94	3.91	2.78	1.98	2.09	3.64
Gross Margin	45.00%	44.70%	45.36%	43.98%	42.69%	41.43%
Operating Margin	13.51%	13.33%	13.90%	12.53%	11.76%	10.12%
Profit Margin	7.42%	6.75%	8.27%	8.60%	7.12%	7.54%
Free Cash Flow Margin	14.96%	14.89%	11.36%	8.26%	10.56%	21.96%
EBITDA	184.77	182.06	169.16	160.99	126.49	98.07
EBITDA Margin	19.41%	19.18%	19.19%	18.70%	17.90%	16.60%
D&A For EBITDA	56.2	55.56	46.61	53.16	43.39	38.29
EBIT	128.57	126.5	122.55	107.83	83.09	59.78
EBIT Margin	13.51%	13.33%	13.90%	12.53%	11.76%	10.12%
Effective Tax Rate	20.27%	18.95%	12.98%	15.04%	10.40%	8.02%

Updated May 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q