Growth Metrics

Novanta (NOVT) Tax Rate: 2009-2025

Historic Tax Rate for Novanta (NOVT) over the last 15 years, with Sep 2025 value amounting to 32.40%.

  • Novanta's Tax Rate rose 1162.00% to 32.40% in Q3 2025 from the same period last year, while for Sep 2025 it was 46.32%, marking a year-over-year increase of 766.00%. This contributed to the annual value of 39.07% for FY2024, which is 850.00% up from last year.
  • Latest data reveals that Novanta reported Tax Rate of 32.40% as of Q3 2025, which was up 45.16% from 22.32% recorded in Q2 2025.
  • Over the past 5 years, Novanta's Tax Rate peaked at 97.33% during Q4 2024, and registered a low of 7.46% during Q1 2023.
  • Its 3-year average for Tax Rate is 25.80%, with a median of 19.71% in 2024.
  • In the last 5 years, Novanta's Tax Rate skyrocketed by 1,892bps in 2021 and then slumped by 829bps in 2023.
  • Quarterly analysis of 5 years shows Novanta's Tax Rate stood at 47.93% in 2021, then slumped by 345bps to 15.99% in 2022, then slumped by 829bps to 7.70% in 2023, then skyrocketed by 1,307bps to 97.33% in 2024, then skyrocketed by 1,162bps to 32.40% in 2025.
  • Its Tax Rate stands at 32.40% for Q3 2025, versus 22.32% for Q2 2025 and 19.72% for Q1 2025.