Novanta (NOVT) Operating Margin (2010 - 2026)
Novanta's Operating Margin was 6.79% in Q2 2026, up 0.61 percentage points from 6.19% a year earlier but down 3.89 percentage points from the prior quarter.
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Analysis
Novanta (NOVT) Operating Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Novanta's Operating Margin was 8.96% through Jul 3, 2026, down 2.18 percentage points year-over-year; for FY2025, it was 9.59%, down 2.06 percentage points from FY2024.
- Operating Margin shows a five-year change of +0.12 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 11.65% in FY2024 (-0.88 pp), 12.53% in FY2023 (+0.56 pp), 11.97% in FY2022 (+2.91 pp) and 9.06% in FY2021 (-0.40 pp).
- Quarterly Operating Margin has moved between 6.19% (Q2 2025) and 14.03% (Q2 2023) over five years.
- Compared with a year earlier, Operating Margin was higher in three of the last eight quarters, with an average year-over-year change of -1.25 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q1 2022 (a gain of 5.06 percentage points); the worst was Q2 2025 (a drop of 4.72 percentage points).
- Per Business Quant data, NOVT's Operating Margin in the three quarters before Q2 2026 was 10.69% (Q1 2026), 9.61% (Q4 2025) and 8.82% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 20.91% |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 29.51% |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 14.72% |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 16.32% |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 23.86% |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 19.48% |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 26.92% |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 15.14% |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 26.67% |
| 10 | Novanta | 5.38 Bn | 3.80 Bn | 120.92 Mn | 6.79% |
Historic Data
Download Data
Historic 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% |
API Access
Novanta Operating 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=operating-margin&ticker=NOVT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=NOVT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();