Novanta (NOVTU) Operating Margin (2010 - 2026)
Novanta (NOVTU) reported Operating Margin of 10.69% for Q2 2026, down 321.0% on a YoY basis from 4.84% in Q2 2025, and up 11.18% quarter-over-quarter from 9.61% in Q4 2025.
Novanta (NOVTU) Operating Margin (2010 - 2026) Analysis & Trends
Novanta has reported Operating Margin for 17 years, with the latest figure at 10.69% in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 321.0% year-over-year to 10.69%; the trailing twelve-month figure through Apr 2026 stood at 8.87% (down 347.0% YoY), and the FY2025 full-year result was 9.59%, down 206.0% from the prior year.
- Operating Margin for Q2 2026 stood at 10.69%, up from 9.61% in the prior quarter.
- The five-year high for Operating Margin was 14.03% in Q2 2023, with the low at 6.19% in Q2 2025.
- Historically, Operating Margin has averaged 11.38% across 5 years, with a median of 11.22% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin surged 506 bps — and 2025, when it slumped 472 bps.
- Novanta's Operating Margin stood at 12.29% in 2022, then fell by 17 bps to 10.25% in 2023, then increased by 9 bps to 11.22% in 2024, then slipped by 14 bps to 9.61% in 2025, then advanced by 11 bps to 10.69% in 2026.
- The last three Operating Margin figures came in at 10.69% (Q2 2026), 9.61% (Q4 2025), and 8.82% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 67.67 Bn | 66.37 Bn | 679.95 Mn | -52.13% |
| 2 | Keysight Technologies | 57.00 Bn | 54.83 Bn | 995.00 Mn | 15.50% |
| 3 | Garmin | 45.82 Bn | 43.12 Bn | 1.04 Bn | 24.62% |
| 4 | Teledyne Technologies | 28.64 Bn | 28.34 Bn | 673.80 Mn | 18.86% |
| 5 | Mks | 21.67 Bn | 21.10 Bn | 507.00 Mn | 13.82% |
| 6 | Fortive | 19.42 Bn | 19.07 Bn | 675.50 Mn | 17.93% |
| 7 | Trimble | 12.42 Bn | 12.19 Bn | 646.30 Mn | 15.32% |
| 8 | Cognex | 10.23 Bn | 9.94 Bn | 190.94 Mn | 22.30% |
| 9 | Esco Technologies | 7.86 Bn | 7.77 Bn | 131.32 Mn | 7.27% |
| 10 | Novanta | - | - | 113.58 Mn | 10.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 3, 2026 | 10.69% |
| Dec 31, 2025 | 9.61% |
| Sep 26, 2025 | 8.82% |
| Jun 27, 2025 | 6.19% |
| Mar 28, 2025 | 13.89% |
| Dec 31, 2024 | 11.22% |
| Sep 27, 2024 | 13.32% |
| Jun 28, 2024 | 10.90% |
| Mar 29, 2024 | 11.09% |
| Dec 31, 2023 | 10.25% |
| Sep 29, 2023 | 13.68% |
| Jun 30, 2023 | 14.03% |
| Mar 31, 2023 | 12.01% |
| Dec 31, 2022 | 12.29% |
| Sep 30, 2022 | 12.85% |
| Jul 1, 2022 | 10.82% |
| Apr 1, 2022 | 11.89% |
| Dec 31, 2021 | 10.90% |
| Oct 1, 2021 | 8.59% |
| Jul 2, 2021 | 9.55% |