Novanta (NOVT) Return on Capital Employed [ROCE] (2009 - 2026)
Novanta's Return on Capital Employed [ROCE] was 5.35% in Q2 2026, down 3.06 percentage points from 8.42% a year earlier and down 0.28 percentage points from the prior quarter.
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Analysis
Novanta (NOVT) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Novanta came in at 6.79%, down 2.92 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of -0.63 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 9.70% in FY2024 (-0.39 pp), 10.10% in FY2023 (+0.46 pp), 9.63% in FY2022 (+2.21 pp) and 7.43% in FY2021 (+0.01 pp).
- The Q2 2026 figure marks the lowest quarterly Return on Capital Employed [ROCE] since Q3 2015.
- Compared with a year earlier, Return on Capital Employed [ROCE] has declined for four straight quarters, with an average year-over-year change of -1.75 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q4 2022 (a gain of 3.54 percentage points); the worst was Q1 2026 (a drop of 4.01 percentage points).
- Per Business Quant data, NOVT's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was 5.63% (Q1 2026), 6.51% (Q4 2025) and 7.26% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 22.25% |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 25.53% |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | - |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 12.64% |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 17.64% |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 18.67% |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | 15.15% |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 38.87% |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 31.72% |
| 10 | Novanta | 4.68 Bn | 3.04 Bn | 135.64 Mn | 3.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Oct 2, 2026 | 3.96% |
| 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% |
API Access
Novanta Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=NOVT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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-capital-employed-%5Broce%5D&ticker=NOVT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();