Novanta Inc (NOVT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 110,584 | 105,554 | 103,308 | 109,791 | 110,496 | 115,663 | 114,015 | 105,108 | 103,079 | 97,923 | 84,537 | 77,238 | 64,054 | 59,437 | 56,028 | 53,737 | 55,888 | 51,800 | 52,735 | 54,139 |
| 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 |
| Operating profit margin | 11.64% | 11.47% | 11.51% | 12.32% | 12.56% | 13.08% | 12.83% | 12.02% | 11.99% | 11.62% | 10.63% | 10.34% | 9.08% | 9.11% | 9.07% | 9.04% | 9.50% | 8.65% | 8.63% | 8.71% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $110,584K ÷ $949,660K
= 11.64%
Novanta Inc's operating profit margin has shown a fluctuating trend over the reported periods, ranging from 8.71% in March 31, 2020, to 11.64% in December 31, 2024. The margin experienced steady growth from March 31, 2022 (10.34%) to December 31, 2023 (12.56%), reaching its peak at 13.08% on September 30, 2023. However, in the subsequent periods, the operating profit margin declined slightly, dropping to 11.47% by September 30, 2024.
Overall, the upward trend in operating profit margin from 2020 to 2023 indicated an improvement in Novanta Inc's ability to generate profits from its core operations. The slight decrease in the margin towards the end of the reporting period may warrant further investigation to understand the factors contributing to this trend and the company's future profitability prospects.
Peer comparison
Dec 31, 2024