NOVANTA INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $980.6M | $949.2M | $881.7M | $860.9M | $706.8M | $590.6M | $626.1M | $614.3M |
| Cost of Revenue | $545.3M | $527.7M | $481.8M | $482.4M | $406.5M | $346.1M | $364.0M | $352.8M |
| Gross Profit | $435.3M | $421.5M | $399.9M | $378.5M | $300.3M | $244.5M | $262.1M | $261.5M |
| Gross Margin | 44.4% | 44.4% | 45.4% | 44.0% | 42.5% | 41.4% | 41.9% | 42.6% |
| Operating Expenses | ||||||||
| Research & Development | $95.5M | $95.5M | $91.7M | $85.8M | $72.5M | $61.0M | $56.0M | $51.0M |
| SG&A Expense | $195.7M | $175.9M | $164.5M | $158.9M | $129.2M | $109.9M | $118.4M | $115.9M |
| Operating Income | $94.0M | $110.6M | $110.5M | $103.1M | $64.1M | $55.9M | $55.3M | $71.0M |
| Operating Margin | 9.6% | 11.6% | 12.5% | 12.0% | 9.1% | 9.5% | 8.8% | 11.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $69.6M | $79.1M | $83.7M | $87.2M | $56.2M | $48.4M | $45.8M | $61.3M |
| Income Tax Expense | $15.8M | $15.0M | $10.9M | $13.1M | $5.8M | $3.9M | $5.0M | $10.2M |
| Net Income | $53.8M | $64.1M | $72.9M | $74.1M | $50.3M | $44.5M | $40.8M | $49.1M |
| Net Margin | 5.5% | 6.8% | 8.3% | 8.6% | 7.1% | 7.5% | 6.5% | 8.0% |
| EPS (Basic) | $1.47 | $1.78 | $2.03 | $2.08 | $1.42 | $1.27 | $1.16 | $1.46 |
| EPS (Diluted) | $1.47 | $1.77 | $2.02 | $2.06 | $1.41 | $1.25 | $1.15 | $1.43 |
| Shares Outstanding (Basic) | 36.6M | 36.0M | 35.8M | 35.7M | 35.4M | 35.1M | 35.0M | 34.9M |
| Shares Outstanding (Diluted) | 36.7M | 36.1M | 36.0M | 35.9M | 35.8M | 35.7M | 35.5M | 35.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |