Novanta (NOVT) Tax Rate (2010 - 2026)
Novanta's Tax Rate came in at 21.12% for Q2 2026, down 1.20 percentage points from 22.32% a year earlier but up 1.18 percentage points from the prior quarter.
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Analysis
Novanta (NOVT) Tax Rate (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 3, 2026, Novanta reported Tax Rate of 22.49%, up 1.95 percentage points year-over-year; for FY2025, it was 22.71%, up 3.76 percentage points from FY2024.
- Tax Rate carries a five-year change of +14.69 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 18.94% in FY2024 (+5.97 pp), 12.98% in FY2023 (-2.06 pp), 15.04% in FY2022 (+4.64 pp) and 10.40% in FY2021 (+2.38 pp).
- The five-year range for quarterly Tax Rate is -0.55% (Q3 2021) to 32.40% (Q3 2025).
- Year-over-year, Tax Rate increased in six of the last eight quarters, with an average year-over-year change of +3.96 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q1 2022 (a gain of 29.86 percentage points), and the weakest in Q3 2021 (a drop of 18.12 percentage points).
- Business Quant data shows NOVT's Tax Rate at 19.94% (Q1 2026), 19.40% (Q4 2025) and 32.40% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 18.51% |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 19.71% |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 21.62% |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 16.34% |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 24.54% |
| 10 | Novanta | 5.38 Bn | 3.80 Bn | 120.92 Mn | 21.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 21.12% |
| Apr 3, 2026 | 19.94% |
| Dec 31, 2025 | 19.40% |
| Sep 26, 2025 | 32.40% |
| Jun 27, 2025 | 22.32% |
| Mar 28, 2025 | 19.72% |
| Dec 31, 2024 | 20.83% |
| Sep 27, 2024 | 20.78% |
| Jun 28, 2024 | 19.70% |
| Mar 29, 2024 | 13.24% |
| Dec 31, 2023 | 20.54% |
| Sep 29, 2023 | 7.70% |
| Jun 30, 2023 | 17.38% |
| Mar 31, 2023 | 7.46% |
| Dec 31, 2022 | 19.40% |
| Sep 30, 2022 | 15.99% |
| Jul 1, 2022 | 15.78% |
| Apr 1, 2022 | 9.07% |
| Dec 31, 2021 | 26.99% |
| Jul 2, 2021 | 19.23% |
API Access
Novanta Tax Rate 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=tax-rate&ticker=NOVT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=NOVT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();