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Ratios

Novanta (NOVT) Tax Rate (2016 - 2025)

Historic Tax Rate for Novanta (NOVT) over the last 17 years, with Q3 2025 value amounting to 32.4%.

  • Novanta's Tax Rate rose 116200.0% to 32.4% in Q3 2025 from the same period last year, while for Sep 2025 it was 46.32%, marking a year-over-year increase of 76600.0%. This contributed to the annual value of 39.07% for FY2024, which is 85000.0% up from last year.
  • Latest data reveals that Novanta reported Tax Rate of 32.4% as of Q3 2025, which was up 116200.0% from 22.32% recorded in Q2 2025.
  • Over the past 5 years, Novanta's Tax Rate peaked at 117.91% during Q4 2022, and registered a low of 20.78% during Q2 2021.
  • Moreover, its 5-year median value for Tax Rate was 19.23% (2021), whereas its average is 30.35%.
  • Its Tax Rate has fluctuated over the past 5 years, first plummeted by -204600bps in 2021, then soared by 699800bps in 2022.
  • Over the past 5 years, Novanta's Tax Rate (Quarter) stood at 47.93% in 2021, then surged by 146bps to 117.91% in 2022, then dropped by -3bps to 114.07% in 2023, then decreased by -15bps to 97.33% in 2024, then plummeted by -67bps to 32.4% in 2025.
  • Its Tax Rate was 32.4% in Q3 2025, compared to 22.32% in Q2 2025 and 19.72% in Q1 2025.