Novanta Inc (NOVT)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 40,773 | 43,200 | 48,831 | 49,451 |
| Revenue (ttm) | US$ in thousands | 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 | 623,138 | 622,024 | 628,541 | 624,047 |
| Net profit margin | 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% | 6.54% | 6.95% | 7.77% | 7.92% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $72,878K ÷ $879,785K
= 8.28%
Novanta Inc's net profit margin has shown consistency and stability over the past 8 quarters, ranging from 7.73% to 8.64%. The highest net profit margin was recorded in Q2 2023 at 8.64%, while the lowest was in Q1 2022 at 7.73%. Overall, the company has maintained healthy profitability levels, with an average net profit margin of approximately 8.38% during this period. This indicates that Novanta Inc has been effectively managing its expenses relative to its revenue, resulting in a strong bottom line performance.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Novanta Inc
NOVT
8.28%
Edgewell Personal Care Co
EPC
4.72%
Energizer Holdings Inc
ENR
3.44%
Integer Holdings Corp
ITGR
5.91%