Novanta Inc (NOVT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 79,066 | 74,017 | 72,786 | 80,927 | 83,748 | 86,937 | 90,715 | 86,198 | 87,159 | 87,063 | 73,819 | 67,506 | 56,172 | 52,113 | 48,603 | 45,858 | 48,403 | 43,178 | 44,147 | 45,353 |
| 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 |
| Pretax margin | 8.33% | 8.04% | 8.11% | 9.08% | 9.52% | 9.83% | 10.21% | 9.86% | 10.14% | 10.34% | 9.28% | 9.04% | 7.97% | 7.98% | 7.87% | 7.71% | 8.23% | 7.21% | 7.23% | 7.30% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $79,066K ÷ $949,660K
= 8.33%
Novanta Inc's pretax margin, which measures the company's profitability before taxes are deducted, has shown some fluctuations over the past few years. The trend in pretax margin can be observed to have generally been stable around the 7-8% range from March 2020 to March 2023. There was a notable increase in pretax margin from March 2023 to September 2023, reaching a peak of 10.21%. However, the pretax margin dipped to 8.04% by September 2024 before recovering slightly to 8.33% by December 2024.
Overall, Novanta Inc's pretax margin performance indicates varying levels of profitability over the periods analyzed, with a recent decline in profitability towards the end of 2024. It is essential for the company to monitor and manage its expenses to sustain or improve pretax margin levels in the future.
Peer comparison
Dec 31, 2024