Novanta Inc. (NOVT) Income Statement
NOVT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNOVT revenue and net income
Where NOVT's revenue goes
2025Each bar shows an amount and its share of revenue. NOVT kept 5.5% of revenue as net income.
NOVT profit margins
NOVT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.3% | +4.4% | +10.7% | +10.1% |
| Gross profit | −3.3% | +2.5% | +10.8% | +10.0% |
| Operating income | +5.5% | +4.2% | +15.9% | +15.0% |
| Net income | −16.0% | −10.1% | +3.9% | +4.2% |
| EPS (diluted) | +6.5% | +2.2% | +11.1% | +13.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NOVT quarterly EPS vs estimates
Novanta beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 9, 2026 (estimate $0.97).
NOVT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $980.6M | $949.2M | $881.7M | $860.9M | $706.8M | $590.6M | $626.1M | $614.3M | $521.3M | $384.8M |
| Cost of revenue | $572.8M | $527.7M | $481.8M | $482.4M | $406.5M | $346.1M | $364.0M | $352.8M | $300.8M | $222.3M |
| Gross profit | $407.8M | $421.5M | $399.9M | $378.5M | $300.3M | $244.5M | $262.1M | $261.5M | $220.5M | $162.5M |
| Research & development | $95.5M | $95.5M | $91.7M | $85.8M | $72.5M | $61.0M | $56.0M | $51.0M | $41.7M | $32.0M |
| Sales, general & admin | $195.7M | $175.9M | $161.5M | $158.9M | $129.2M | $109.9M | $118.4M | $115.9M | $102.0M | $81.7M |
| Total operating expenses | $291.1M | $311.0M | $289.4M | $275.4M | $236.3M | $188.6M | $206.8M | $190.5M | $163.0M | $129.5M |
| Operating income | $116.7M | $110.6M | $110.5M | $103.1M | $64.1M | $55.9M | $55.3M | $71.0M | $57.6M | $33.0M |
| Interest income | — | — | — | — | — | — | $9.3M | $9.7M | $7.6M | $2.2M |
| Interest expense | $21.5M | $31.5M | $25.8M | $15.6M | $7.4M | $6.6M | $8.5M | $9.8M | $7.2M | $4.6M |
| Income before taxes | $69.6M | $79.1M | $83.7M | $87.2M | $56.2M | $48.4M | $45.8M | $61.3M | $76.1M | $32.5M |
| Income taxes | $15.8M | $15.0M | $10.9M | $13.1M | $5.8M | $3.9M | $5.0M | $10.2M | $13.8M | $10.5M |
| Net income | $53.8M | $64.1M | $72.9M | $74.1M | $50.3M | $44.5M | $40.8M | $49.1M | $60.1M | $22.0M |
| EBITDA | $153.0M | $179.9M | $169.9M | $160.6M | $125.5M | $98.0M | $110.1M | $116.1M | $100.2M | $61.4M |
| EPS (diluted) | $3.28 | $3.08 | $3.02 | $3.07 | $2.62 | $1.94 | $2.15 | $2.15 | $1.61 | $1.09 |
| Gross margin | 41.6% | 44.4% | 45.4% | 44.0% | 42.5% | 41.4% | 41.9% | 42.6% | 42.3% | 42.2% |
| Operating margin | 11.9% | 11.6% | 12.5% | 12.0% | 9.1% | 9.5% | 8.8% | 11.6% | 11.0% | 8.6% |
| Net margin | 5.5% | 6.8% | 8.3% | 8.6% | 7.1% | 7.5% | 6.5% | 8.0% | 11.5% | 5.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $265.8M | $257.7M | $258.3M | $247.8M | $241.0M | $233.4M | $238.1M | $244.4M | $235.9M | $230.9M | $211.6M | $221.5M |
| Cost of revenue | $144.9M | $149.9M | $153.2M | $143.8M | $141.2M | $134.6M | $129.8M | $135.2M | $132.2M | $130.5M | $115.0M | $119.9M |
| Gross profit | $120.9M | $107.8M | $105.1M | $104.0M | $99.9M | $98.8M | $108.2M | $109.2M | $103.7M | $100.4M | $96.6M | $101.6M |
| Research & development | $24.0M | $23.3M | $22.9M | $24.1M | $25.3M | $23.2M | $25.3M | $23.3M | $23.7M | $23.2M | $23.5M | $22.0M |
| Sales, general & admin | $60.0M | $54.4M | $51.6M | $51.4M | $47.1M | $45.6M | $43.3M | $44.3M | $44.8M | $43.5M | $41.7M | $39.6M |
| Total operating expenses | $102.9M | $77.7M | $74.4M | $75.5M | $72.4M | $68.8M | $81.5M | $76.7M | $78.0M | $74.8M | $74.9M | $71.3M |
| Operating income | $18.1M | $30.1M | $30.7M | $28.5M | $27.5M | $30.0M | $26.7M | $32.6M | $25.7M | $25.6M | $21.7M | $30.3M |
| Interest expense | $1.1M | $1.8M | $4.0M | $6.0M | $5.8M | $5.6M | $6.9M | $8.1M | $8.3M | $8.3M | $5.9M | $6.8M |
| Income before taxes | $15.9M | $26.4M | $21.7M | $15.8M | $5.8M | $26.4M | $20.8M | $24.2M | $17.1M | $16.9M | $15.7M | $23.0M |
| Income taxes | $3.4M | $5.3M | $4.2M | $5.1M | $1.3M | $5.2M | $4.3M | $5.0M | $3.4M | $2.2M | $3.2M | $1.8M |
| Net income | $12.5M | $21.1M | $17.5M | $10.7M | $4.5M | $21.2M | $16.5M | $19.2M | $13.8M | $14.7M | $12.5M | $21.2M |
| EBITDA | $31.7M | $42.4M | $42.8M | $37.5M | $27.2M | $45.6M | $47.5M | $49.2M | $42.4M | $40.8M | $37.8M | $46.2M |
| EPS (diluted) | $0.89 | $0.81 | $0.91 | $0.87 | $0.76 | $0.74 | $0.76 | $0.85 | $0.73 | $0.74 | $0.63 | $0.85 |
| Gross margin | 45.5% | 41.8% | 40.7% | 42.0% | 41.4% | 42.3% | 45.5% | 44.7% | 44.0% | 43.5% | 45.6% | 45.9% |
| Operating margin | 6.8% | 11.7% | 11.9% | 11.5% | 11.4% | 12.8% | 11.2% | 13.3% | 10.9% | 11.1% | 10.2% | 13.7% |
| Net margin | 4.7% | 8.2% | 6.8% | 4.3% | 1.9% | 9.1% | 6.9% | 7.9% | 5.8% | 6.4% | 5.9% | 9.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NOVT's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NOVT financial results
In fiscal year 2025 (ended December 31, 2025), Novanta reported revenue of $980.6 million, up 3.3% from the year before. It had net income of $53.8 million (down 16.0%), a net profit margin of 5.5%. Diluted earnings per share came to $3.28. Over five years revenue grew at an average rate of 10.7% a year.
See the NOVT stock overview for the latest quote and news, or the NOVT chart for price history and technical indicators.
NOVT income statement FAQ
What is Novanta's annual revenue?
Novanta reported total revenue of $980.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 3.3% from $949.2 million the previous year.
Is Novanta profitable?
Yes. Novanta reported net income of $53.8 million in fiscal 2025, a net profit margin of 5.5%; its operating margin was 11.9%.
What is Novanta's gross margin?
Novanta's gross margin was 41.6% in fiscal 2025: for every $100 of revenue, Novanta kept $42 after the direct cost of its products and services.
How much does Novanta spend on research and development?
Novanta spent $95.5 million on research and development in fiscal 2025, 9.7% of revenue.
How fast is Novanta growing?
Revenue grew 10.7% a year on average over the last five fiscal years, from $590.6 million to $980.6 million.
What are Novanta's earnings per share?
Novanta earned $3.28 per diluted share in fiscal 2025, compared with $3.08 a year earlier.
When will Novanta report its next earnings?
Novanta is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does Novanta's fiscal year end?
Novanta's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.