Novanta Inc (NOVT)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 79,066 | 83,748 | 87,159 | 56,172 | 48,403 |
| Revenue | US$ in thousands | 949,722 | 879,785 | 859,523 | 705,061 | 588,129 |
| Pretax margin | 8.33% | 9.52% | 10.14% | 7.97% | 8.23% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $79,066K ÷ $949,722K
= 8.33%
The pretax margin of Novanta Inc has shown some variations over the past five years, ranging from a low of 7.97% in December 31, 2021, to a high of 10.14% in December 31, 2022. Despite these fluctuations, the company has generally maintained a healthy level of profitability before taxes. In December 31, 2024, the pretax margin stood at 8.33%, indicating that Novanta Inc continues to generate a reasonable level of earnings relative to its revenue, though slightly lower compared to the peak in 2022. Overall, the pretax margin trend suggests that the company has been effectively managing its operating expenses and generating profits before tax obligations consistently over the evaluated period.
Peer comparison
Dec 31, 2024