Novanta (NOVTU) Gross Margin (2010 - 2026)
Novanta (NOVTU) reported Gross Margin of 44.07% for Q2 2026, down 64.0% on a YoY basis from 122.42% in Q2 2025, and up 0.53% quarter-over-quarter from 43.84% in Q4 2025.
Novanta (NOVTU) Gross Margin (2010 - 2026) Analysis & Trends
Novanta has reported Gross Margin for 17 years, with the latest figure at 44.07% in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 64.0% year-over-year to 44.07%; the trailing twelve-month figure through Apr 2026 stood at 44.23% (down 48.0% YoY), and the FY2025 full-year result was 44.39%, down 2.0% from the prior year.
- Gross Margin for Q2 2026 stood at 44.07%, up from 43.84% in the prior quarter.
- The five-year high for Gross Margin was 45.86% in Q3 2023, with the low at 43.29% in Q4 2022.
- Historically, Gross Margin has averaged 44.5% across 5 years, with a median of 44.28% in 2025.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 234 bps — and 2025, when it tumbled 162 bps.
- Novanta's Gross Margin stood at 43.29% in 2022, then grew by 5 bps to 45.64% in 2023, then slipped by 0 bps to 45.46% in 2024, then retreated by 4 bps to 43.84% in 2025, then advanced by 1 bps to 44.07% in 2026.
- The last three Gross Margin figures came in at 44.07% (Q2 2026), 43.84% (Q4 2025), and 44.76% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 67.67 Bn | 66.37 Bn | 679.95 Mn | 37.66% |
| 2 | Keysight Technologies | 57.00 Bn | 54.83 Bn | 995.00 Mn | 62.19% |
| 3 | Garmin | 45.82 Bn | 43.12 Bn | 1.04 Bn | 59.44% |
| 4 | Teledyne Technologies | 28.64 Bn | 28.34 Bn | 673.80 Mn | 43.19% |
| 5 | Mks | 21.67 Bn | 21.10 Bn | 507.00 Mn | 47.03% |
| 6 | Fortive | 19.42 Bn | 19.07 Bn | 675.50 Mn | 63.17% |
| 7 | Trimble | 12.42 Bn | 12.19 Bn | 646.30 Mn | 68.76% |
| 8 | Cognex | 10.23 Bn | 9.94 Bn | 190.94 Mn | 71.13% |
| 9 | Esco Technologies | 7.86 Bn | 7.77 Bn | 131.32 Mn | 42.45% |
| 10 | Novanta | - | - | 113.58 Mn | 44.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |