Novanta (NOVT) Gross Margin (2010 - 2026)
Novanta's Gross Margin came in at 45.49% for Q2 2026, up 1.21 percentage points from 44.28% a year earlier and up 1.42 percentage points from the prior quarter.
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Analysis
Novanta (NOVT) Gross Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 3, 2026, Novanta reported Gross Margin of 44.54%, down 0.24 percentage points year-over-year; for FY2025, it came in at 44.39%, down 0.02 percentage points from FY2024.
- Gross Margin carries a five-year change of +2.99 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 44.41% in FY2024 (-0.95 pp), 45.36% in FY2023 (+1.39 pp), 43.96% in FY2022 (+1.47 pp) and 42.49% in FY2021 (+1.09 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q4 2023.
- Year-over-year, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of -0.10 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2023 (a gain of 2.34 percentage points), and the weakest in Q4 2025 (a drop of 1.62 percentage points).
- Business Quant data shows NOVT's Gross Margin at 44.07% (Q1 2026), 43.84% (Q4 2025) and 44.76% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 39.04% |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 37.71% |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 54.48% |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 41.28% |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 44.13% |
| 10 | Novanta | 5.38 Bn | 3.80 Bn | 120.92 Mn | 45.49% |
Historic Data
Download Data
Historic 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% |
API Access
Novanta Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=NOVT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NOVT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NOVT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();