Novanta (NOVT) Gross Margin (2010 - 2026)
Novanta's (NOVT) quarterly Gross Margin came in at 44.07% in Q2 2026, down 64.0% YoY from 122.42% in Q2 2025, and up 0.53% on a QoQ basis from 43.84% in Q4 2025.
Novanta (NOVT) Gross Margin (2010 - 2026) Analysis & Trends
Novanta (NOVT) has 17 years of Gross Margin data on file, last reported at 44.07% in Q2 2026.
- Quarterly Gross Margin fell 64.0% year-over-year to 44.07% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 44.23% (down 48.0% YoY) and the FY2025 annual result came in at 44.39%, down 2.0% from the prior year.
- Gross Margin advanced to 44.07% in Q2 2026, from 43.84% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 45.86% in Q3 2023 to a low of 43.29% in Q4 2022.
- A 5-year average of 44.5% and a median of 44.28% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 234 bps — and 2025, when it tumbled 162 bps.
- Tracing NOVT's Gross Margin over 5 years: stood at 43.29% in 2022, then grew by 5 bps to 45.64% in 2023, then slipped by 0 bps to 45.46% in 2024, then retreated by 4 bps to 43.84% in 2025, then advanced by 1 bps to 44.07% in 2026.
- The last three Gross Margin figures came in at 44.07% (Q2 2026), 43.84% (Q4 2025), and 44.76% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | 62.41% |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 68.61% |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | 38.48% |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | 44.40% |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 47.68% |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 63.39% |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | 69.43% |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | 70.65% |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | 41.74% |
| 10 | Novanta | 5.97 Bn | 5.25 Bn | 120.92 Mn | 45.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 45.49% |
| Apr 3, 2026 | 44.07% |
| Dec 31, 2025 | 43.84% |
| Sep 26, 2025 | 44.76% |
| Jun 27, 2025 | 44.28% |
| Mar 28, 2025 | 44.72% |
| Dec 31, 2024 | 45.46% |
| Sep 27, 2024 | 44.69% |
| Jun 28, 2024 | 43.96% |
| Mar 29, 2024 | 43.49% |
| Dec 31, 2023 | 45.64% |
| Sep 29, 2023 | 45.86% |
| Jun 30, 2023 | 45.38% |
| Mar 31, 2023 | 44.55% |
| Dec 31, 2022 | 43.29% |
| Sep 30, 2022 | 44.14% |
| Jul 1, 2022 | 44.23% |
| Apr 1, 2022 | 44.21% |
| Dec 31, 2021 | 41.66% |
| Oct 1, 2021 | 42.93% |