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Ratios

Novanta (NOVT) Tax Rate: 2009-2024

Historic Tax Rate for Novanta (NOVT) over the last 13 years, with Dec 2024 value amounting to 39.07%.

  • 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.
  • Novanta's Tax Rate amounted to 39.07% in FY2024, which was up 27.82% from 30.56% recorded in FY2023.
  • Novanta's 5-year Tax Rate high stood at 39.07% for FY2024, and its period low was 16.52% during FY2020.
  • In the last 3 years, Novanta's Tax Rate had a median value of 36.44% in 2022 and averaged 35.36%.
  • As far as peak fluctuations go, Novanta's Tax Rate surged by 1,902bps in 2022, and later slumped by 588bps in 2023.
  • Novanta's Tax Rate (Yearly) stood at 16.52% in 2020, then skyrocketed by 90bps to 17.42% in 2021, then spiked by 1,902bps to 36.44% in 2022, then crashed by 588bps to 30.56% in 2023, then surged by 850bps to 39.07% in 2024.