Want to see NOVT full AI Analyst Report?
Novanta (NOVT) Ratios
Novanta Ratios
NOVT's free cash flow for Q2 2026 was $58.76M. For the 2026 fiscal year, NOVT's free cash flow was decreased by $-7.47M and operating cash flow was $66.23M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 3.69 | 2.58 | 2.98 | 2.56 | 2.03 |
| Quick Ratio | 2.80 | 1.72 | 1.91 | 1.53 | 1.35 |
| Cash Ratio | 1.79 | 0.68 | 0.75 | 0.61 | 0.64 |
| Solvency Ratio | 0.23 | 0.19 | 0.22 | 0.19 | 0.13 |
| Operating Cash Flow Ratio | 0.30 | 0.94 | 0.86 | 0.55 | 0.51 |
| Short-Term Operating Cash Flow Coverage | 1.31 | 10.34 | 8.65 | 6.85 | 7.26 |
| Net Current Asset Value | $ 289.78M | $ -209.16M | $ -137.30M | $ -243.11M | $ -332.77M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.19 | 0.34 | 0.33 | 0.39 | 0.40 |
| Debt-to-Equity Ratio | 0.26 | 0.63 | 0.60 | 0.85 | 0.95 |
| Debt-to-Capital Ratio | 0.21 | 0.39 | 0.38 | 0.46 | 0.49 |
| Long-Term Debt-to-Capital Ratio | 0.16 | 0.36 | 0.34 | 0.43 | 0.45 |
| Financial Leverage Ratio | 1.37 | 1.86 | 1.82 | 2.15 | 2.36 |
| Debt Service Coverage Ratio | 1.95 | 3.52 | 4.01 | 5.11 | 5.86 |
| Interest Coverage Ratio | 5.43 | 3.51 | 4.28 | 6.60 | 8.67 |
| Debt to Market Cap | 0.07 | 0.08 | 0.06 | 0.09 | 0.07 |
| Interest Debt Per Share | 9.92 | 13.98 | 12.01 | 14.16 | 14.15 |
| Net Debt to EBITDA | -0.26 | 1.98 | 1.76 | 2.42 | 3.00 |
| Profitability Margins | |||||
| Gross Profit Margin | 41.59% | 44.41% | 45.36% | 43.96% | 42.49% |
| EBIT Margin | 9.29% | 13.09% | 13.99% | 12.48% | 11.61% |
| EBITDA Margin | 15.61% | 18.95% | 19.27% | 18.66% | 17.75% |
| Operating Profit Margin | 11.90% | 11.65% | 12.53% | 11.97% | 9.06% |
| Pretax Profit Margin | 7.10% | 8.33% | 9.50% | 10.12% | 7.95% |
| Net Profit Margin | 5.49% | 6.75% | 8.27% | 8.60% | 7.12% |
| Continuous Operations Profit Margin | 5.49% | 6.75% | 8.27% | 8.60% | 7.12% |
| Net Income Per EBT | 77.29% | 81.06% | 87.02% | 84.96% | 89.60% |
| EBT Per EBIT | 59.69% | 71.50% | 75.79% | 84.56% | 87.69% |
| Return on Assets (ROA) | 2.98% | 4.62% | 5.94% | 5.97% | 4.10% |
| Return on Equity (ROE) | 4.10% | 8.59% | 10.82% | 12.82% | 9.66% |
| Return on Capital Employed (ROCE) | 7.32% | 9.06% | 10.17% | 9.57% | 6.14% |
| Return on Invested Capital (ROIC) | 5.49% | 7.25% | 8.74% | 8.03% | 5.43% |
| Return on Tangible Assets | 5.50% | 10.36% | 12.22% | 12.62% | 9.54% |
| Earnings Yield | 1.24% | 1.17% | 1.21% | 1.53% | 0.81% |
| Efficiency Ratios | |||||
| Receivables Turnover | 5.30 | 6.29 | 6.32 | 6.25 | 6.11 |
| Payables Turnover | 6.04 | 6.86 | 8.42 | 6.41 | 5.93 |
| Inventory Turnover | 3.04 | 3.65 | 3.23 | 2.87 | 3.23 |
| Fixed Asset Turnover | 6.12 | 6.08 | 5.97 | 5.88 | 5.21 |
| Asset Turnover | 0.54 | 0.68 | 0.72 | 0.69 | 0.58 |
| Working Capital Turnover Ratio | 2.35 | 3.50 | 3.31 | 3.86 | 3.72 |
| Cash Conversion Cycle | 128.35 | 104.91 | 127.55 | 128.57 | 111.02 |
| Days of Sales Outstanding | 68.82 | 58.07 | 57.71 | 58.38 | 59.71 |
| Days of Inventory Outstanding | 119.98 | 100.02 | 113.17 | 127.10 | 112.84 |
| Days of Payables Outstanding | 60.45 | 53.18 | 43.33 | 56.91 | 61.52 |
| Operating Cycle | 188.80 | 158.09 | 170.88 | 185.48 | 172.54 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.75 | 4.41 | 3.35 | 2.55 | 2.67 |
| Free Cash Flow Per Share | 1.32 | 3.93 | 2.79 | 2.00 | 2.05 |
| Dividend Paid and CapEx Coverage Ratio | 4.10 | 9.24 | 6.02 | 4.62 | 4.27 |
| Capital Expenditure Coverage Ratio | 4.10 | 9.24 | 6.02 | 4.62 | 4.27 |
| Operating Cash Flow Coverage Ratio | 0.19 | 0.34 | 0.30 | 0.19 | 0.19 |
| Operating Cash Flow to Sales Ratio | 0.07 | 0.17 | 0.14 | 0.11 | 0.13 |
| Free Cash Flow Yield | 1.11% | 2.57% | 1.66% | 1.47% | 1.16% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 80.95 | 85.83 | 82.83 | 65.41 | 124.01 |
| Price-to-Sales (P/S) Ratio | 4.44 | 5.79 | 6.85 | 5.63 | 8.83 |
| Price-to-Book (P/B) Ratio | 3.31 | 7.37 | 8.96 | 8.39 | 11.97 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 89.90 | 38.85 | 60.30 | 68.10 | 86.15 |
| Price-to-Operating Cash Flow Ratio | 67.97 | 34.65 | 50.27 | 53.36 | 65.96 |
| Price-to-Earnings Growth (PEG) Ratio | -4.65 | -6.97 | -34.46 | 1.41 | 10.50 |
| Enterprise Value Multiple | 28.19 | 32.52 | 37.29 | 32.58 | 52.74 |
| Enterprise Value | 4.31B | 5.85B | 6.34B | 5.23B | 6.62B |
| EV to EBITDA | 28.19 | 32.52 | 37.29 | 32.58 | 52.74 |
| EV to Sales | 4.40 | 6.16 | 7.19 | 6.08 | 9.36 |
| EV to Free Cash Flow | 89.09 | 41.38 | 63.29 | 73.57 | 91.34 |
| EV to Operating Cash Flow | 67.35 | 36.90 | 52.77 | 57.65 | 69.93 |
| Tangible Book Value Per Share | 13.29 | -0.67 | 1.23 | -2.16 | -5.06 |
| Shareholders’ Equity Per Share | 35.92 | 20.74 | 18.79 | 16.20 | 14.73 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.23 | 0.19 | 0.13 | 0.15 | 0.10 |
| Revenue Per Share | 26.80 | 26.40 | 24.60 | 24.15 | 19.97 |
| Net Income Per Share | 1.47 | 1.78 | 2.03 | 2.08 | 1.42 |
| Tax Burden | 0.77 | 0.81 | 0.87 | 0.85 | 0.90 |
| Interest Burden | 0.76 | 0.64 | 0.68 | 0.81 | 0.68 |
| Research & Development to Revenue | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
| SG&A to Revenue | 0.20 | 0.19 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.03 | 0.02 | 0.03 | 0.03 | 0.04 |
| Income Quality | 1.19 | 2.47 | 1.65 | 1.23 | 1.88 |
Currency in USD
