Novanta (NOVT) Return on Invested Capital [ROIC] (2011 - 2026)
Novanta (NOVT) posted Return on Invested Capital [ROIC] of 4.21% for Q2 2026, down 2.79 percentage points from 7.00% a year earlier and down 0.21 percentage points from the prior quarter.
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Analysis
Novanta (NOVT) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Novanta's Return on Invested Capital [ROIC] came in at 5.33%, down 2.86 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of -2.49 percentage points (FY2020 to FY2025).
- In prior years, Novanta's Return on Invested Capital [ROIC] was 8.19% in FY2024 (-1.24 pp), 9.42% in FY2023 (+0.53 pp), 8.90% in FY2022 (+1.87 pp) and 7.03% in FY2021 (-0.79 pp).
- The Q2 2026 figure stands as the lowest quarterly Return on Invested Capital [ROIC] since Q3 2015.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined in each of the last ten quarters, with an average year-over-year change of -1.95 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q4 2022, with a gain of 2.73 percentage points; the weakest was Q1 2026, with a drop of 3.65 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 4.41% (Q1 2026), 5.16% (Q4 2025) and 5.86% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 315.73 Bn | 287.43 Bn | 7.76 Bn | 15.86% |
| 2 | Amphenol | 182.70 Bn | 177.41 Bn | 3.55 Bn | 16.52% |
| 3 | Deere | 174.18 Bn | 182.94 Bn | 4.66 Bn | 5.47% |
| 4 | Eaton | 142.17 Bn | 139.40 Bn | 2.86 Bn | 10.34% |
| 5 | Parker-Hannifin | 110.97 Bn | 109.10 Bn | 2.25 Bn | 15.40% |
| 6 | Emerson Electric | 90.14 Bn | 82.89 Bn | 2.66 Bn | 10.94% |
| 7 | 3M | 89.64 Bn | 72.05 Bn | 2.78 Bn | 22.04% |
| 8 | Illinois Tool Works | 78.53 Bn | 75.09 Bn | 1.90 Bn | 27.10% |
| 9 | Vertiv Holdings | 74.79 Bn | 65.41 Bn | 1.23 Bn | 23.98% |
| 10 | Novanta | 5.32 Bn | 3.75 Bn | 120.92 Mn | 4.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 4.21% |
| Apr 3, 2026 | 4.41% |
| Dec 31, 2025 | 5.16% |
| Sep 26, 2025 | 5.86% |
| Jun 27, 2025 | 7.00% |
| Mar 28, 2025 | 8.06% |
| Dec 31, 2024 | 7.59% |
| Sep 27, 2024 | 7.20% |
| Jun 28, 2024 | 7.42% |
| Mar 29, 2024 | 8.46% |
| Dec 31, 2023 | 9.50% |
| Sep 29, 2023 | 9.90% |
| Jun 30, 2023 | 9.40% |
| Mar 31, 2023 | 8.81% |
| Dec 31, 2022 | 8.77% |
| Sep 30, 2022 | 8.48% |
| Jul 1, 2022 | 7.71% |
| Apr 1, 2022 | 6.94% |
| Dec 31, 2021 | 6.03% |
| Oct 1, 2021 | 6.88% |
API Access
Novanta Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=NOVT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=NOVT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();