Novanta (NOVT) Work In Process (2011 - 2026)
Novanta's Work In Process came in at $38.15 million for Q2 2026, up 46.7% from $26.01 million a year earlier and up 0.2% from the prior quarter.
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Analysis
Novanta (NOVT) Work In Process (2011 - 2026) Analysis & Trends
At the end of FY2025, Novanta's Work In Process was $32.48 million, up 31.4% from FY2024.
- Work In Process carries a five-year compound annual growth rate of 16.0% (FY2020 to FY2025).
- Going back by year, Work In Process was $24.72 million in FY2024 (+17.7%), $21.01 million in FY2023 (-9.9%), $23.33 million in FY2022 (+13.2%) and $20.6 million in FY2021 (+33.0%).
- The Q2 2026 figure represents the highest quarterly Work In Process in data going back to Q4 2011.
- Year-over-year, Work In Process has increased for four consecutive quarters, with growth averaging 24.3% over the last eight quarters.
- The fastest year-over-year change in Work In Process over five years came in Q1 2026 (growth of 61.4%), and the weakest in Q2 2023 (a decline of 18.3%).
- Business Quant data shows NOVT's Work In Process at $38.07 million (Q1 2026), $32.48 million (Q4 2025) and $31.03 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Caterpillar | 340.33 Bn | 312.03 Bn | 7.76 Bn |
| 2 | Amphenol | 195.04 Bn | 189.62 Bn | 3.55 Bn |
| 3 | Deere | 171.72 Bn | 139.81 Bn | 4.66 Bn |
| 4 | Eaton | 152.74 Bn | 149.93 Bn | 2.86 Bn |
| 5 | Parker-Hannifin | 120.82 Bn | 118.95 Bn | 2.25 Bn |
| 6 | Emerson Electric | 91.30 Bn | 84.04 Bn | 2.66 Bn |
| 7 | 3M | 90.37 Bn | 71.82 Bn | 2.78 Bn |
| 8 | Vertiv Holdings | 81.71 Bn | 72.33 Bn | 1.23 Bn |
| 9 | Illinois Tool Works | 79.34 Bn | 75.90 Bn | 1.90 Bn |
| 10 | Novanta | 5.72 Bn | 4.14 Bn | 120.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 38.15 Mn |
| Apr 3, 2026 | 38.07 Mn |
| Dec 31, 2025 | 32.48 Mn |
| Sep 26, 2025 | 31.03 Mn |
| Jun 27, 2025 | 26.01 Mn |
| Mar 28, 2025 | 23.59 Mn |
| Dec 31, 2024 | 24.72 Mn |
| Sep 27, 2024 | 26.58 Mn |
| Jun 28, 2024 | 26.15 Mn |
| Mar 29, 2024 | 24.49 Mn |
| Dec 31, 2023 | 21.01 Mn |
| Sep 29, 2023 | 21.27 Mn |
| Jun 30, 2023 | 21.34 Mn |
| Mar 31, 2023 | 24.14 Mn |
| Dec 31, 2022 | 23.33 Mn |
| Sep 30, 2022 | 23.98 Mn |
| Jul 1, 2022 | 26.11 Mn |
| Apr 1, 2022 | 23.97 Mn |
| Dec 31, 2021 | 20.60 Mn |
| Oct 1, 2021 | 21.41 Mn |
API Access
Novanta Work In Process 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=work-in-process&ticker=NOVT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "work-in-process", "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=work-in-process&ticker=NOVT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();