Novanta (NOVT) Return on Capital Employed (2011 - 2026)
Novanta's (NOVT) quarterly Return on Capital Employed came in at 5.63% in Q2 2026, down 401.0% YoY from 1.87% in Q2 2025, and down 13.47% on a QoQ basis from 6.51% in Q4 2025.
Novanta (NOVT) Return on Capital Employed (2011 - 2026) Analysis & Trends
Novanta (NOVT) has 16 years of Return on Capital Employed data on file, last reported at 5.63% in Q2 2026.
- Quarterly Return on Capital Employed fell 401.0% year-over-year to 5.63% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 5.63% (down 401.0% YoY) and the FY2025 annual result came in at 6.79%, down 292.0% from the prior year.
- Return on Capital Employed retreated to 5.63% in Q2 2026, from 6.51% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 10.76% in Q3 2023 to a low of 5.63% in Q2 2026.
- A 5-year average of 8.74% and a median of 8.95% in 2024 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed jumped 354 bps — and 2026, when it plunged 401 bps.
- Tracing NOVT's Return on Capital Employed over 5 years: stood at 9.73% in 2022, then gained by 6 bps to 10.32% in 2023, then declined by 13 bps to 8.95% in 2024, then decreased by 27 bps to 6.51% in 2025, then slipped by 13 bps to 5.63% in 2026.
- The last three Return on Capital Employed figures came in at 5.63% (Q2 2026), 6.51% (Q4 2025), and 7.26% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | 23.26% |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 12.34% |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | -24.11% |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | 8.91% |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 10.62% |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 7.63% |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | 8.74% |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | 12.71% |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | 10.91% |
| 10 | Novanta | 5.97 Bn | 5.25 Bn | 120.92 Mn | 5.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 5.35% |
| Apr 3, 2026 | 5.63% |
| Dec 31, 2025 | 6.51% |
| Sep 26, 2025 | 7.26% |
| Jun 27, 2025 | 8.42% |
| Mar 28, 2025 | 9.64% |
| Dec 31, 2024 | 8.95% |
| Sep 27, 2024 | 8.43% |
| Jun 28, 2024 | 8.26% |
| Mar 29, 2024 | 9.41% |
| Dec 31, 2023 | 10.32% |
| Sep 29, 2023 | 10.76% |
| Jun 30, 2023 | 10.43% |
| Mar 31, 2023 | 9.63% |
| Dec 31, 2022 | 9.73% |
| Sep 30, 2022 | 9.34% |
| Jul 1, 2022 | 8.39% |
| Apr 1, 2022 | 7.47% |
| Dec 31, 2021 | 6.19% |
| Oct 1, 2021 | 6.94% |