Novanta Inc. (NOVT) — Financial statements
Income statement, balance sheet, and cash flow for Novanta Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 981↑3.3% | 949↑7.7% | 882↑2.4% | 861↑21.8% | 707 | |
| Cost of Revenue | 573↑8.5% | 528↑9.5% | 482↓0.1% | 482↑18.7% | 406 | |
| Gross Profit | 408↓3.3% | 422↑5.4% | 400↑5.7% | 378↑26.0% | 300 | |
| Operating Expenses | ||||||
| R&D Expenses | 95↓0.0% | 96↑4.2% | 92↑6.9% | 86↑18.3% | 73 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 196↑11.2% | 176↑7.0% | 164↑3.5% | 159↑23.0% | 129 | |
| Other Expenses | 0.00↓100.0% | 40↑18.8% | 33↑8.3% | 31↓11.2% | 35 | |
| Operating Expenses | 291↓6.4% | 311↑7.4% | 289↑5.1% | 275↑16.6% | 236 | |
| Total Costs & Expenses | 864↑3.0% | 839↑8.8% | 771↑1.8% | 758↑17.9% | 643 | |
| Operating Results | ||||||
| Operating Income | 117↑5.5% | 111↑0.1% | 110↑7.2% | 103↑60.9% | 64 | |
| Depreciation & Amortization | 62↑11.5% | 56↑19.2% | 47↓12.3% | 53↑22.5% | 43 | |
| EBITDA | 179↓0.7% | 180↑5.8% | 170↑5.8% | 161↑28.0% | 125 | |
| EBIT | 117↓6.1% | 124↑0.8% | 123↑14.7% | 107↑30.9% | 82 | |
| Interest & Other Income | ||||||
| Net Interest Income | -21↑31.8% | -31↓22.0% | -26↓65.3% | -16↓111.4% | -7 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 21↓31.8% | 31↑22.0% | 26↑65.3% | 16↑111.4% | 7 | |
| Non-Operating Income | 0.00↑100.0% | -14↓7.0% | -13↓192.3% | -4↑75.7% | -18 | |
| Other Income / Expenses | -47↓49.2% | -32↓17.8% | -27↓68.0% | -16↓102.0% | -8 | |
| Income Before Tax | 70↓11.9% | 79↓5.6% | 84↓3.9% | 87↑55.2% | 56 | |
| Income Tax Expense | 16↑5.6% | 15↑37.8% | 11↓17.1% | 13↑124.4% | 6 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 54↓16.0% | 64↓12.1% | 73↓1.6% | 74↑47.1% | 50 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 54↓16.0% | 64↓12.1% | 73↓1.6% | 74↑47.1% | 50 | |
| Bottom-Line Net Income | 54↓16.0% | 64↓12.1% | 73↓1.6% | 74↑47.1% | 50 | |
| EPS (Basic) | 1.47↓17.4% | 1.78↓12.3% | 2.03↓2.4% | 2.08↑46.5% | 1.42 | |
| EPS (Diluted) | 1.47↓16.9% | 1.77↓12.4% | 2.02↓1.9% | 2.06↑46.1% | 1.41 | |
| Weighted Average Shares | 37↑1.8% | 36↑0.3% | 36↑0.5% | 36↑0.7% | 35 | |
| Weighted Average Diluted Shares | 37↑1.6% | 36↑0.3% | 36↑0.3% | 36↑0.4% | 36 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.