Novanta Inc (NOVT)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 64,087 | 60,134 | 62,165 | 69,289 | 72,878 | 75,629 | 76,896 | 73,496 | 74,051 | 72,543 | 63,656 | 57,841 | 50,331 | 49,233 | 43,888 | 43,884 | 44,521 | 41,082 | 41,747 | 40,467 |
| Revenue (ttm) | US$ in thousands | 949,660 | 920,609 | 897,471 | 891,340 | 879,785 | 884,432 | 888,334 | 874,295 | 859,523 | 842,387 | 795,095 | 747,026 | 705,060 | 652,770 | 617,780 | 594,757 | 588,129 | 599,132 | 610,790 | 621,523 |
| Net profit margin | 6.75% | 6.53% | 6.93% | 7.77% | 8.28% | 8.55% | 8.66% | 8.41% | 8.62% | 8.61% | 8.01% | 7.74% | 7.14% | 7.54% | 7.10% | 7.38% | 7.57% | 6.86% | 6.83% | 6.51% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $64,087K ÷ $949,660K
= 6.75%
Novanta Inc's net profit margin has shown some fluctuations over the years, ranging from a low of 6.51% in March 2020 to a high of 8.66% in June 2023. The trend generally improved from 2020 to mid-2023, reaching its peak in June 2023. However, there was a slight decline in the net profit margin from that point onwards, dropping to 6.75% by the end of December 2024. Despite the fluctuations, the net profit margin has remained above 6% throughout the period, indicating that Novanta Inc has been able to achieve reasonable profitability levels relative to its revenue during this time frame.
Peer comparison
Dec 31, 2024