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	Jun 27, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	956.88	949.25	881.66	860.9	706.79	590.62
Revenue Growth (YoY)	6.34%	7.66%	2.41%	21.80%	19.67%	-5.67%
Cost of Revenue	525.56	524.92	481.77	482.27	405.05	345.92
Gross Profit	431.32	424.32	399.9	378.63	301.74	244.71
Selling, General & Admin	180.89	176.52	165.23	158.7	129.55	109.96
Research & Development	97.07	95.52	91.68	85.77	72.52	61
Operating Expenses	303.52	297.83	277.35	270.8	218.65	184.93
Operating Income	127.8	126.5	122.55	107.83	83.09	59.78
Interest Expense	-26.43	-31.49	-25.82	-15.62	-7.39	-6.56
Currency Exchange Gain (Loss)	-2.11	0.41	-0.26	0.07	-0.13	-0.94
Other Non Operating Income (Expenses)	-0.25	0.13	0.09	-0.58	0.03	0.13
EBT Excluding Unusual Items	99	95.55	96.56	91.7	75.6	52.4
Merger & Restructuring Charges	-21.78	-16.49	-12.81	-4.54	-19.43	-4
Pretax Income	77.23	79.07	83.75	87.16	56.17	48.4
Income Tax Expense	15.87	14.98	10.87	13.11	5.84	3.88
Earnings From Continuing Operations	61.36	64.09	72.88	74.05	50.33	44.52
Net Income to Company	61.36	64.09	72.88	74.05	50.33	44.52
Net Income	61.36	64.09	72.88	74.05	50.33	44.52
Net Income to Common	61.36	64.09	72.88	74.05	50.33	44.52
Net Income Growth	-1.29%	-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)	0.12%	0.26%	0.34%	0.36%	0.36%	0.30%
EPS (Basic)	1.70	1.78	2.03	2.08	1.42	1.27
EPS (Diluted)	1.69	1.77	2.02	2.06	1.41	1.25
EPS Growth	-1.74%	-12.38%	-1.94%	46.10%	12.80%	8.70%
Free Cash Flow	117.86	141.35	100.11	71.14	74.65	129.72
Free Cash Flow Per Share	3.26	3.91	2.78	1.98	2.09	3.64
Gross Margin	45.07%	44.70%	45.36%	43.98%	42.69%	41.43%
Operating Margin	13.36%	13.33%	13.90%	12.53%	11.76%	10.12%
Profit Margin	6.41%	6.75%	8.27%	8.60%	7.12%	7.54%
Free Cash Flow Margin	12.32%	14.89%	11.36%	8.26%	10.56%	21.96%
EBITDA	185.46	182.06	169.16	160.99	126.49	98.07
EBITDA Margin	19.38%	19.18%	19.19%	18.70%	17.90%	16.60%
D&A For EBITDA	57.66	55.56	46.61	53.16	43.39	38.29
EBIT	127.8	126.5	122.55	107.83	83.09	59.78
EBIT Margin	13.36%	13.33%	13.90%	12.53%	11.76%	10.12%
Effective Tax Rate	20.54%	18.95%	12.98%	15.04%	10.40%	8.02%

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q