Growth Metrics

Novanta (NOVT) Tax Rate (2016 - 2026)

Novanta filings provide 17 years of Tax Rate readings, the most recent being 19.94% for Q2 2026.

  • On a quarterly basis, Tax Rate rose 22.0% to 19.94% in Q2 2026 year-over-year; TTM through Apr 2026 was 22.79%, a 1544.0% decrease, with the full-year FY2025 number at 22.71%, down 1636.0% from a year prior.
  • Tax Rate hit 19.94% in Q2 2026 for Novanta, up from 19.4% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 117.91% in Q4 2022 to a low of 7.46% in Q1 2023.
  • Median Tax Rate over the past 5 years was 19.7% (2024), compared with a mean of 33.54%.
  • Biggest five-year swings in Tax Rate: soared 6998bps in 2022 and later plummeted -7793bps in 2025.
  • Novanta's Tax Rate stood at 117.91% in 2022, then dropped by -3bps to 114.07% in 2023, then decreased by -15bps to 97.33% in 2024, then crashed by -80bps to 19.4% in 2025, then grew by 3bps to 19.94% in 2026.
  • The last three reported values for Tax Rate were 19.94% (Q2 2026), 19.4% (Q4 2025), and 32.4% (Q3 2025) per Business Quant data.