Growth Metrics

Novanta (NOVT) Tax Rate (2016 - 2025)

Novanta (NOVT) has disclosed Tax Rate for 16 consecutive years, with 32.24% as the latest value for Q3 2025.

  • For the quarter ending Q3 2025, Tax Rate rose 1146.0% year-over-year to 32.24%, compared with a TTM value of 40.53% through Sep 2025, up 2123.0%, and an annual FY2025 reading of 16.82%, down 2225.0% over the prior year.
  • Tax Rate was 32.24% for Q3 2025 at Novanta, up from 14.2% in the prior quarter.
  • Across five years, Tax Rate topped out at 97.33% in Q4 2024 and bottomed at 20.78% in Q2 2021.
  • Average Tax Rate over 5 years is 21.41%, with a median of 17.39% recorded in 2022.
  • The sharpest move saw Tax Rate crashed -2046bps in 2021, then surged 7680bps in 2024.
  • Year by year, Tax Rate stood at 27.05% in 2021, then plummeted by -36bps to 17.41% in 2022, then increased by 18bps to 20.53% in 2023, then soared by 374bps to 97.33% in 2024, then tumbled by -67bps to 32.24% in 2025.
  • Business Quant data shows Tax Rate for NOVT at 32.24% in Q3 2025, 14.2% in Q2 2025, and 97.33% in Q4 2024.