Novanta Inc
Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. It operates in two segments, Automation Enabling Technologies and Medical Solutions. The Precision Medicine and Manufacturing segment designs, manufactures, and markets las… Read more
Market Cap & Net Worth: Novanta Inc (NOVT)
Novanta Inc (NASDAQ:NOVT) has a market capitalization of $4.33 Billion ($4.33 Billion) as of March 19, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #3093 globally and #2082 in its home market, demonstrating a -4.90% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Novanta Inc's stock price $121.02 by its total outstanding shares 35775123 (35.78 Million).
Novanta Inc Market Cap History: 2015 to 2026
Novanta Inc's market capitalization history from 2015 to 2026. Data shows growth from $487.26 Million to $4.27 Billion (23.04% CAGR).
Index Memberships
Novanta Inc is a constituent of 2 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
NASDAQ Composite
IXIC
|
$33.39 Trillion | 0.01% | #380 of 3165 |
|
S&P Midcap 400
MID
|
$3.04 Trillion | 0.16% | #281 of 401 |
Weight: Novanta Inc's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
Novanta Inc Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Novanta Inc's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
5.76x
Novanta Inc's market cap is 5.76 times its annual revenue
1.12x
Higher than industry averageLatest Price to Earnings (P/E) Ratio
85.28x
Novanta Inc's market cap is 85.28 times its annual earnings
15.25x
Higher than industry averageWhat These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2015 | $487.26 Million | $373.60 Million | $35.62 Million | 1.30x | 13.68x |
| 2016 | $751.28 Million | $384.76 Million | $22.00 Million | 1.95x | 34.14x |
| 2017 | $1.79 Billion | $521.29 Million | $60.05 Million | 3.43x | 29.79x |
| 2018 | $2.25 Billion | $614.34 Million | $49.11 Million | 3.67x | 45.89x |
| 2019 | $3.16 Billion | $626.10 Million | $40.77 Million | 5.05x | 77.60x |
| 2020 | $4.23 Billion | $590.62 Million | $44.52 Million | 7.16x | 95.00x |
| 2021 | $6.31 Billion | $706.79 Million | $50.33 Million | 8.93x | 125.33x |
| 2022 | $4.86 Billion | $860.90 Million | $74.05 Million | 5.65x | 65.64x |
| 2023 | $6.02 Billion | $881.66 Million | $72.88 Million | 6.83x | 82.67x |
| 2024 | $5.47 Billion | $949.25 Million | $64.09 Million | 5.76x | 85.28x |
Competitor Companies of NOVT by Market Capitalization
Companies near Novanta Inc in the global market cap rankings as of March 19, 2026.
Key companies related to Novanta Inc by market ranking:
- Keyence (PINK:KYCCF): Ranked #314 globally with a market cap of $67.95 Billion USD.
- Coherent Inc (NYSE:COHR): Ranked #527 globally with a market cap of $40.51 Billion USD.
- COHERENT CORP. (F:H7B): Ranked #533 globally with a market cap of $40.03 Billion USD ( €39.00 Billion EUR).
- Garmin Ltd (NYSE:GRMN): Ranked #556 globally with a market cap of $38.55 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #314 | Keyence | PINK:KYCCF | $67.95 Billion | $363.01 |
| #527 | Coherent Inc | NYSE:COHR | $40.51 Billion | $245.80 |
| #533 | COHERENT CORP. | F:H7B | $40.03 Billion | €223.00 |
| #556 | Garmin Ltd | NYSE:GRMN | $38.55 Billion | $235.10 |
Novanta Inc Historical Marketcap From 2015 to 2026
Between 2015 and today, Novanta Inc's market cap moved from $487.26 Million to $ 4.27 Billion, with a yearly change of 23.04%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $4.27 Billion | +0.29% |
| 2025 | $4.26 Billion | -22.11% |
| 2024 | $5.47 Billion | -9.29% |
| 2023 | $6.02 Billion | +23.95% |
| 2022 | $4.86 Billion | -22.95% |
| 2021 | $6.31 Billion | +49.15% |
| 2020 | $4.23 Billion | +33.67% |
| 2019 | $3.16 Billion | +40.38% |
| 2018 | $2.25 Billion | +26.00% |
| 2017 | $1.79 Billion | +138.10% |
| 2016 | $751.28 Million | +54.19% |
| 2015 | $487.26 Million | -- |
End of Day Market Cap According to Different Sources
On Mar 18th, 2026 the market cap of Novanta Inc was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $4.33 Billion USD |
| MoneyControl | $4.33 Billion USD |
| MarketWatch | $4.33 Billion USD |
| marketcap.company | $4.33 Billion USD |
| Reuters | $4.33 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.