Revenue Breakdown
Composition ()
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Revenue Streams
Novanta Inc (NOVT) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Robotics and Automation, accounting for 57.2% of total sales, equivalent to $141.81M. Other significant revenue streams include Precision Medicine and Precision Manufacturing. Understanding this composition is critical for investors evaluating how NOVT navigates market cycles within the Electronic Equipment & Parts industry.
Profitability & Margins
Evaluating the bottom line, Novanta Inc maintains a gross margin of 41.96%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 11.51%, while the net margin is 4.30%. These profitability ratios, combined with a Return on Equity (ROE) of 6.84%, provide a clear picture of how effectively NOVT converts its operational activities into shareholder value.
Comparative Benchmarking
In the context of the broader market, NOVT competes directly with industry leaders such as ST and ITRI. With a market capitalization of $4.91B, it holds a significant position in the sector. When comparing efficiency, NOVT's gross margin of 41.96% stands against ST's 25.73% and ITRI's 36.99%. Such benchmarking helps identify whether Novanta Inc is trading at a premium or discount relative to its financial performance.
