Novanta (NOVTU) Gross Margin (2010 - 2026)

Novanta (NOVTU) posted Gross Margin of 44.07% for Q2 2026, up 0.53% quarter-over-quarter from 43.84% in Q4 2025, and down 64.0% year-on-year from 122.42% in Q2 2025.

Novanta (NOVTU) Gross Margin (2010 - 2026) Analysis & Trends

Novanta (NOVTU) has reported Gross Margin for 17 consecutive years, with 44.07% the latest figure, recorded in Q2 2026.

  • Gross Margin for Q2 2026 came in at 44.07%, down 64.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 44.23% (down 48.0% YoY), and the FY2025 annual result was 44.39%, down 2.0% from the prior year.
  • Gross Margin was 44.07% for Q2 2026 at Novanta, up from 43.84% in the prior quarter.
  • Over five years, Gross Margin peaked at 45.86% in Q3 2023 and troughed at 43.29% in Q4 2022.
  • Average Gross Margin over 5 years is 44.5%, with a median of 44.28% recorded in 2025.
  • Year-over-year, Gross Margin soared 234 bps in 2023 and sank 162 bps in 2025.
  • Over 5 years, Gross Margin stood at 43.29% in 2022, then gained by 5 bps to 45.64% in 2023, then fell by 0 bps to 45.46% in 2024, then dropped by 4 bps to 43.84% in 2025, then increased by 1 bps to 44.07% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 44.07% in Q2 2026, 43.84% in Q4 2025, and 44.76% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Coherent 3,591.32 Bn 3,590.02 Bn 679.95 Mn 37.66%
2 Novanta 69.39 Bn 69.00 Bn 113.58 Mn 44.07%
3 Keysight Technologies 57.75 Bn 55.57 Bn 995.00 Mn 62.19%
4 Teledyne Technologies 30.63 Bn 30.33 Bn 673.80 Mn 43.19%
5 Fortive 19.14 Bn 18.79 Bn 675.50 Mn 63.17%
6 Trimble 12.33 Bn 12.10 Bn 646.30 Mn 68.76%
7 Cognex 11.87 Bn 11.58 Bn 190.94 Mn 71.13%
8 Sensata Technologies Holding 6.78 Bn 6.14 Bn 286.30 Mn 30.63%
9 Garmin 4.63 Bn 1.93 Bn 1.04 Bn 59.44%
10 Novanta - - 113.58 Mn 44.07%

Historic Data

Download Data
DateValue
Apr 3, 2026 44.07%
Dec 31, 2025 43.84%
Sep 26, 2025 44.76%
Jun 27, 2025 44.28%
Mar 28, 2025 44.72%
Dec 31, 2024 45.46%
Sep 27, 2024 44.69%
Jun 28, 2024 43.96%
Mar 29, 2024 43.49%
Dec 31, 2023 45.64%
Sep 29, 2023 45.86%
Jun 30, 2023 45.38%
Mar 31, 2023 44.55%
Dec 31, 2022 43.29%
Sep 30, 2022 44.14%
Jul 1, 2022 44.23%
Apr 1, 2022 44.21%
Dec 31, 2021 41.66%
Oct 1, 2021 42.93%
Jul 2, 2021 43.22%