Novanta (NOVT) Operating Margin (2010 - 2026)
Novanta's (NOVT) quarterly Operating Margin came in at 10.69% in Q2 2026, down 321.0% YoY from 4.84% in Q2 2025, and up 11.18% on a QoQ basis from 9.61% in Q4 2025.
Novanta (NOVT) Operating Margin (2010 - 2026) Analysis & Trends
Novanta (NOVT) has 17 years of Operating Margin data on file, last reported at 10.69% in Q2 2026.
- Quarterly Operating Margin fell 321.0% year-over-year to 10.69% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 8.87% (down 347.0% YoY) and the FY2025 annual result came in at 9.59%, down 206.0% from the prior year.
- Operating Margin grew to 10.69% in Q2 2026, from 9.61% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 14.03% in Q2 2023 to a low of 6.19% in Q2 2025.
- A 5-year average of 11.38% and a median of 11.22% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin surged 506 bps — and 2025, when it slumped 472 bps.
- Tracing NOVT's Operating Margin over 5 years: stood at 12.29% in 2022, then fell by 17 bps to 10.25% in 2023, then increased by 9 bps to 11.22% in 2024, then slipped by 14 bps to 9.61% in 2025, then advanced by 11 bps to 10.69% in 2026.
- The last three Operating Margin figures came in at 10.69% (Q2 2026), 9.61% (Q4 2025), and 8.82% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | 30.44% |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 23.70% |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | -47.91% |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | 20.04% |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 20.11% |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 19.14% |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | 13.58% |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | 29.36% |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | 24.57% |
| 10 | Novanta | 5.97 Bn | 5.25 Bn | 120.92 Mn | 6.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 6.79% |
| Apr 3, 2026 | 10.69% |
| Dec 31, 2025 | 9.61% |
| Sep 26, 2025 | 8.82% |
| Jun 27, 2025 | 6.19% |
| Mar 28, 2025 | 13.89% |
| Dec 31, 2024 | 11.22% |
| Sep 27, 2024 | 13.32% |
| Jun 28, 2024 | 10.90% |
| Mar 29, 2024 | 11.09% |
| Dec 31, 2023 | 10.25% |
| Sep 29, 2023 | 13.68% |
| Jun 30, 2023 | 14.03% |
| Mar 31, 2023 | 12.01% |
| Dec 31, 2022 | 12.29% |
| Sep 30, 2022 | 12.85% |
| Jul 1, 2022 | 10.82% |
| Apr 1, 2022 | 11.89% |
| Dec 31, 2021 | 10.90% |
| Oct 1, 2021 | 8.59% |