Novanta (NOVT) Tax Rate (2010 - 2026)
Novanta's (NOVT) quarterly Tax Rate came in at 19.94% in Q2 2026, up 22.0% YoY from 16.34% in Q2 2025, and down 66.9% on a QoQ basis from 60.24% in Q4 2025.
Novanta (NOVT) Tax Rate (2010 - 2026) Analysis & Trends
Novanta (NOVT) has 17 years of Tax Rate data on file, last reported at 19.94% in Q2 2026.
- Quarterly Tax Rate rose 22.0% year-over-year to 19.94% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 35.52% (up 1525.0% YoY) and the FY2025 annual result came in at 35.42%, up 1647.0% from the prior year.
- Tax Rate eased to 19.94% in Q2 2026, from 60.24% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 114.07% in Q4 2023 to a low of 7.46% in Q1 2023.
- A 5-year average of 25.65% and a median of 19.7% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2023 — Tax Rate jumped 9467 bps — and 2024, when it sank 9324 bps.
- Tracing NOVT's Tax Rate over 5 years: stood at 19.4% in 2022, then soared by 488 bps to 114.07% in 2023, then tumbled by 82 bps to 20.83% in 2024, then soared by 189 bps to 60.24% in 2025, then sank by 67 bps to 19.94% in 2026.
- The last three Tax Rate figures came in at 19.94% (Q2 2026), 60.24% (Q4 2025), and 32.4% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | 16.76% |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 16.51% |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | 15.19% |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | 21.66% |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 17.84% |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 12.37% |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | -6.05% |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | 18.53% |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | 20.07% |
| 10 | Novanta | 5.97 Bn | 5.25 Bn | 120.92 Mn | 21.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 21.12% |
| Jul 3, 2026 | 21.12% |
| Jul 3, 2026 | 21.12% |
| Apr 3, 2026 | 19.94% |
| Apr 3, 2026 | 19.94% |
| Apr 3, 2026 | 19.94% |
| Dec 31, 2025 | 60.24% |
| Dec 31, 2025 | 60.24% |
| Dec 31, 2025 | 60.24% |
| Sep 26, 2025 | 32.40% |
| Sep 26, 2025 | 32.40% |
| Sep 26, 2025 | 32.40% |
| Jun 27, 2025 | 22.32% |
| Jun 27, 2025 | 22.32% |
| Jun 27, 2025 | 22.32% |
| Mar 28, 2025 | 19.72% |
| Mar 28, 2025 | 19.72% |
| Mar 28, 2025 | 19.72% |
| Dec 31, 2024 | 20.83% |
| Dec 31, 2024 | 20.83% |