Novanta Inc (NOVT)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 64,087 | 72,878 | 74,051 | 50,331 | 44,521 |
| Revenue | US$ in thousands | 949,722 | 879,785 | 859,523 | 705,061 | 588,129 |
| Net profit margin | 6.75% | 8.28% | 8.62% | 7.14% | 7.57% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $64,087K ÷ $949,722K
= 6.75%
The net profit margin of Novanta Inc has shown some fluctuations over the years. Starting at 7.57% on December 31, 2020, it decreased slightly to 7.14% by December 31, 2021. However, there was an improvement in profitability as the net profit margin increased to 8.62% by December 31, 2022, and further to 8.28% by December 31, 2023. In the most recent year, December 31, 2024, the net profit margin declined to 6.75%.
Overall, despite some variability, Novanta Inc has been able to maintain a relatively healthy net profit margin during the period under review. However, it is important for the company to closely monitor and manage its expenses and revenues to sustain and potentially improve its profitability in the future.
Peer comparison
Dec 31, 2024