Novanta (NOVTU) Return on Invested Capital [ROIC] (2011 - 2026)
Novanta (NOVTU) recorded Return on Invested Capital [ROIC] of 4.21% in Q2 2026, down 2.79 percentage points from 7.00% a year earlier and down 0.21 percentage points from the prior quarter.
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Analysis
Novanta (NOVTU) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Novanta reported Return on Invested Capital [ROIC] of 5.33%, down 2.86 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of -2.49 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 8.19% in FY2024 (-1.24 pp), 9.42% in FY2023 (+0.53 pp), 8.90% in FY2022 (+1.87 pp) and 7.03% in FY2021 (-0.79 pp).
- The Q2 2026 figure is the lowest quarterly Return on Invested Capital [ROIC] since Q3 2015.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for ten consecutive quarters, with an average year-over-year change of -1.95 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 2.73 percentage points in Q4 2022, against a drop of 3.65 percentage points in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 4.41% (Q1 2026), 5.16% (Q4 2025) and 5.86% (Q3 2025).
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 4.21% |
| Apr 3, 2026 | 4.41% |
| Dec 31, 2025 | 5.16% |
| Sep 26, 2025 | 5.86% |
| Jun 27, 2025 | 7.00% |
| Mar 28, 2025 | 8.06% |
| Dec 31, 2024 | 7.59% |
| Sep 27, 2024 | 7.20% |
| Jun 28, 2024 | 7.42% |
| Mar 29, 2024 | 8.46% |
| Dec 31, 2023 | 9.50% |
| Sep 29, 2023 | 9.90% |
| Jun 30, 2023 | 9.40% |
| Mar 31, 2023 | 8.81% |
| Dec 31, 2022 | 8.77% |
| Sep 30, 2022 | 8.48% |
| Jul 1, 2022 | 7.71% |
| Apr 1, 2022 | 6.94% |
| Dec 31, 2021 | 6.03% |
| Oct 1, 2021 | 6.88% |
API Access
Novanta Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=NOVTU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "NOVTU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NOVTU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();