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NOVT

Novanta
$139.94
+3.21% Oct 21 close
Information TechnologyS&P 400 Compare
-8%+8%+24%+40%+56%Oct 2025Oct 2026Apr 2026
NOVTSPY
1W
-0.1%
1M
+4.2%
3M
-3.7%
6M
+5.1%
YTD
+17.6%
1Y
+23.8%

Live chart

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What they do

Novanta Inc. 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.

Technology · Scientific & Technical Instruments

For information only · Important disclosures

Grades vs sector

Momentum
43rd percentile in sector
C
12-1 return: +12.0%
Percentile within its GICS sector across the S&P 1500.
Growth
32nd percentile in sector
C-
Revenue growth (YoY): +10.3%
Percentile within its GICS sector across the S&P 1500.
Value
29th percentile in sector
D+
Forward E/P: 3.4% · EBITDA/EV: 4.1%
Percentile within its GICS sector across the S&P 1500.
Profitability
29th percentile in sector
D+
Profit margin: +6.0% · Return on equity: +5.1%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
FuelCell Energy, Novanta, FTAI Infrastructure, NN, and Hertz Shares Are Falling, What You Need To Know
StockStory · Oct 08

Key stats

52-week range$99.22 – $168.75
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans expensive
Model read-out from the numbers below, not advice. Score -2 (DCF counts double).
▼DCF (base case)below the price by 54%
•Piotroski F-score5/9
▲Net debt / EBITDA-3.1x

Discounted cash flow

Bear
$45
-68%
growth -1% · disc. 10.2% · term. 2.0%
Base
$64
-54%
growth 4% · disc. 9.2% · term. 2.5%
Bull
$89
-36%
growth 7% · disc. 8.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Not enough data to run a reverse DCF.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-07-03). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.00 (n/a) × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)
sector median 35.9×
–
Forward P/E
sector median 16.9×
–
EV / EBITDA
sector median 20.8×
–
Price / sales
sector median 4.6×
–
Price / book
sector median 5.1×
–
FCF yield
sector median 3.5%
–

Quality & financial health

Gross margin
44.5%
Operating margin
9.0%
FCF margin
11.1%
Net margin
6.0%
Return on equity
3.8%
Return on invested capital
6.3%
Net debt / EBITDA
-3.1×
Current ratio
4.6×
Interest cover
9.0×
Cash conversion (OCF/NI)
2.2×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✗ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

No analyst targets available.

Annual history

FYRevenueNet incomeFree cash flow
2025$980.6M$53.8M$48.4M
2024$949.2M$64.1M$141.3M
2023$881.7M$72.9M$100.1M
2022$860.9M$74.1M$71.1M
2021$706.8M$50.3M$74.6M
2020$590.6M$44.5M$129.7M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +4.4%.

Earnings

Next report: 2026-11-09 · during market · EPS est 0.97
24-1125-0225-0525-0825-1126-0226-0526-080.000.91
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-050.830.89+7.2%
2026-05-110.780.81+4.3%
2026-02-230.880.91+3.4%
2025-11-030.820.87+6.5%
2025-08-050.730.76+3.6%
2025-05-060.670.74+9.9%
2025-02-250.710.76+6.5%
2024-11-050.850.85-0.4%
Insider trades
Secor Thomas N
Director · 2026-09-11
SELL
$97.9K

Stats refreshed 2026-10-21 18:25:52 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

Free. Not investment advice. Unsubscribe anytime.

coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026