Novanta Inc (NOVT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 45,766 | 49,786 | 56,985 | 58,143 |
| 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 |
| Pretax margin | 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% | 7.34% | 8.00% | 9.07% | 9.32% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $83,748K ÷ $879,785K
= 9.52%
Novanta Inc's pretax margin demonstrates some fluctuation over the past eight quarters. In Q4 2023, the pretax margin was 9.50%, showing a slight decrease from the previous quarter at 9.79% in Q3 2023. The trend over the past year indicates varying levels of profitability before taxes, with peaks in Q2 2023 at 10.19% and Q4 2022 at 10.12%. However, there were also lower points, such as Q2 2022 at 9.27% and Q1 2022 at 9.02%. It is essential to monitor these fluctuations closely and identify the factors contributing to the changes in pretax margin to ensure sustainable profitability and financial health for Novanta Inc.
Peer comparison
Dec 31, 2023