Novanta (NOVT) Return on Capital Employed (2011 - 2026)
Novanta (NOVT) reported Return on Capital Employed of 5.63% for Q2 2026, down 401.0% on a YoY basis from 1.87% in Q2 2025, and down 13.47% quarter-over-quarter from 6.51% in Q4 2025.
Novanta (NOVT) Return on Capital Employed (2011 - 2026) Analysis & Trends
Novanta has reported Return on Capital Employed for 16 years, with the latest figure at 5.63% in Q2 2026.
- For the quarter ending Q2 2026, Return on Capital Employed fell 401.0% year-over-year to 5.63%; the trailing twelve-month figure through Apr 2026 stood at 5.63% (down 401.0% YoY), and the FY2025 full-year result was 6.79%, down 292.0% from the prior year.
- Return on Capital Employed for Q2 2026 stood at 5.63%, down from 6.51% in the prior quarter.
- The five-year high for Return on Capital Employed was 10.76% in Q3 2023, with the low at 5.63% in Q2 2026.
- Historically, Return on Capital Employed has averaged 8.74% across 5 years, with a median of 8.95% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed jumped 354 bps — and 2026, when it plunged 401 bps.
- Novanta's Return on Capital Employed 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 | Coherent | 67.67 Bn | 66.37 Bn | 679.95 Mn | -26.06% |
| 2 | Keysight Technologies | 57.00 Bn | 54.83 Bn | 995.00 Mn | 9.45% |
| 3 | Garmin | 45.82 Bn | 43.12 Bn | 1.04 Bn | 20.58% |
| 4 | Teledyne Technologies | 28.64 Bn | 28.34 Bn | 673.80 Mn | 8.78% |
| 5 | Mks | 21.67 Bn | 21.10 Bn | 507.00 Mn | 8.73% |
| 6 | Fortive | 19.42 Bn | 19.07 Bn | 675.50 Mn | 7.88% |
| 7 | Trimble | 12.42 Bn | 12.19 Bn | 646.30 Mn | 8.21% |
| 8 | Cognex | 10.23 Bn | 9.94 Bn | 190.94 Mn | 10.78% |
| 9 | Esco Technologies | 7.86 Bn | 7.77 Bn | 131.32 Mn | 8.76% |
| 10 | Novanta | 6.47 Bn | 6.08 Bn | 113.58 Mn | 5.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 2, 2021 | 7.59% |