Novanta Inc (NOVT)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 110,584 | 110,496 | 103,079 | 64,054 | 55,888 |
| Revenue | US$ in thousands | 949,722 | 879,785 | 859,523 | 705,061 | 588,129 |
| Operating profit margin | 11.64% | 12.56% | 11.99% | 9.08% | 9.50% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $110,584K ÷ $949,722K
= 11.64%
Novanta Inc's operating profit margin has shown a positive trend over the years, indicating improved operational efficiency and profitability. The margin increased from 9.50% in December 2020 to 11.64% in December 2024. This suggests that the company has been effectively managing its operating expenses and generating a higher proportion of revenue as operating profit. The peak operating profit margin of 12.56% in December 2023 reflects a particularly strong performance. Overall, the consistent improvement in operating profit margin demonstrates Novanta Inc's ability to generate profits from its core operations and indicates a positive outlook for the company's financial health.
Peer comparison
Dec 31, 2024