Novanta (NOVT) Return on Assets [ROA] (2011 - 2026)
Novanta's Return on Assets [ROA] was 3.14% in Q2 2026, down 1.10 percentage points from 4.24% a year earlier but up 0.16 percentage points from the prior quarter.
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Analysis
Novanta (NOVT) Return on Assets [ROA] (2011 - 2026) Analysis & Trends
For FY2025, Return on Assets [ROA] at Novanta came in at 3.37%, down 1.53 percentage points from FY2024.
- Return on Assets [ROA] has now declined for three consecutive years, with a five-year change of -1.76 percentage points (FY2020 to FY2025).
- In earlier years, Return on Assets [ROA] was 4.90% in FY2024 (-1.01 pp), 5.91% in FY2023 (-0.09 pp), 6.00% in FY2022 (+1.19 pp) and 4.81% in FY2021 (-0.32 pp).
- Quarterly Return on Assets [ROA] has moved between 2.98% (Q1 2026) and 6.26% (Q2 2023) over five years.
- Compared with a year earlier, Return on Assets [ROA] has declined for 11 straight quarters, with an average year-over-year change of -1.13 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Assets [ROA] over five years was Q4 2022 (a gain of 1.92 percentage points); the worst was Q1 2026 (a drop of 2.11 percentage points).
- Per Business Quant data, NOVT's Return on Assets [ROA] in the three quarters before Q2 2026 was 2.98% (Q1 2026), 3.25% (Q4 2025) and 3.50% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.70 Bn | 360.40 Bn | 7.76 Bn | 10.94% |
| 2 | Amphenol | 214.42 Bn | 209.12 Bn | 3.55 Bn | 11.93% |
| 3 | Deere | 185.30 Bn | 194.07 Bn | 4.66 Bn | 4.54% |
| 4 | Eaton | 169.35 Bn | 166.59 Bn | 2.86 Bn | 6.89% |
| 5 | Parker-Hannifin | 122.64 Bn | 120.77 Bn | 2.25 Bn | 11.86% |
| 6 | Vertiv Holdings | 97.12 Bn | 87.74 Bn | 1.23 Bn | 11.82% |
| 7 | Emerson Electric | 90.13 Bn | 82.89 Bn | 2.66 Bn | 6.12% |
| 8 | 3M | 83.49 Bn | 64.94 Bn | 2.68 Bn | 8.56% |
| 9 | Illinois Tool Works | 74.89 Bn | 71.45 Bn | 1.90 Bn | 19.50% |
| 10 | Novanta | 5.64 Bn | 4.07 Bn | 120.92 Mn | 3.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 3.14% |
| Apr 3, 2026 | 2.98% |
| Dec 31, 2025 | 3.25% |
| Sep 26, 2025 | 3.50% |
| Jun 27, 2025 | 4.24% |
| Mar 28, 2025 | 5.09% |
| Dec 31, 2024 | 4.57% |
| Sep 27, 2024 | 4.27% |
| Jun 28, 2024 | 4.43% |
| Mar 29, 2024 | 5.26% |
| Dec 31, 2023 | 6.02% |
| Sep 29, 2023 | 6.23% |
| Jun 30, 2023 | 6.26% |
| Mar 31, 2023 | 5.96% |
| Dec 31, 2022 | 6.05% |
| Sep 30, 2022 | 6.01% |
| Jul 1, 2022 | 5.28% |
| Apr 1, 2022 | 4.75% |
| Dec 31, 2021 | 4.13% |
| Oct 1, 2021 | 4.72% |
API Access
Novanta Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=NOVT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=NOVT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();