Novanta (NOVT) Work In Process (2011 - 2026)
Novanta's (NOVT) quarterly Work In Process came in at $38.1 million in Q3 2026, up 46.7% on a YoY basis from $26.0 million in Q3 2025, and little changed quarter-over-quarter from $38.1 million in Q2 2026.
Analysis
Novanta (NOVT) Work In Process (2011 - 2026) Analysis & Trends
Novanta (NOVT) has reported Work In Process for 16 consecutive years, with $38.1 million the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Work In Process rose 46.7% year-over-year to $38.1 million; the trailing twelve-month figure through Jul 2026 stood at $38.1 million (up 46.7% YoY), and the FY2025 full-year result was $32.5 million, up 31.39% from the prior year.
- Work In Process was little changed at $38.1 million in Q3 2026 per NOVT's latest filing, from $38.1 million in the prior quarter.
- Across five years, Work In Process topped out at $38.1 million in Q3 2026 and bottomed at $21.0 million in Q4 2023.
- Historically, Work In Process has averaged $26.5 million across 5 years, with a median of $24.6 million in 2024.
- The sharpest annual moves came in 2023 and 2026: Work In Process fell 18.26% in 2023, then jumped 61.4% in 2026.
- Over 5 years, Work In Process stood at $23.3 million in 2022, then decreased by 9.94% to $21.0 million in 2023, then rose by 17.65% to $24.7 million in 2024, then jumped by 31.39% to $32.5 million in 2025, then increased by 17.46% to $38.1 million in 2026.
- According to Business Quant data, Work In Process over the past three periods registered $38.1 million, $38.1 million, and $32.5 million for Q3 2026, Q2 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | 3M | 84.63 Bn | 81.30 Bn | 2.68 Bn |
| 2 | Illinois Tool Works | 75.96 Bn | 75.12 Bn | 1.90 Bn |
| 3 | Ametek | 53.68 Bn | 53.19 Bn | 735.04 Mn |
| 4 | Rockwell Automation | 46.83 Bn | 46.35 Bn | 1.14 Bn |
| 5 | Mettler Toledo International | 25.77 Bn | 25.72 Bn | 650.22 Mn |
| 6 | Dover | 25.23 Bn | 23.47 Bn | 880.61 Mn |
| 7 | Nordson | 17.11 Bn | 17.00 Bn | 453.73 Mn |
| 8 | Fortive | 16.56 Bn | 16.19 Bn | 695.30 Mn |
| 9 | RBC Bearings | 15.05 Bn | 14.92 Bn | 247.80 Mn |
| 10 | Novanta | 5.90 Bn | 5.18 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 |