Novanta (NOVT) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart Transcripts

Novanta Revenue Highlights

Latest Revenue (Y)

$949.25M

Latest Revenue (Q)

$238.06M

Main Segment (Y)

Advanced Surgery

Main Geography (Y)

UNITED STATES

Novanta Revenue by Period

Novanta Revenue by Year

Date	Revenue	Change
2024-12-31	$949.25M	7.67%
2023-12-31	$881.66M	2.41%
2022-12-31	$860.90M	21.80%
2021-12-31	$706.79M	19.67%
2020-12-31	$590.62M	-5.67%
2019-12-31	$626.10M	1.91%
2018-12-31	$614.34M	17.85%
2017-12-31	$521.29M	35.49%
2016-12-31	$384.76M	2.99%
2015-12-31	$373.60M	2.44%
2014-12-31	$364.71M	6.76%
2013-12-31	$341.61M	25.82%
2012-12-31	$271.50M	-25.88%
2011-12-31	$366.28M	-4.49%
2010-12-31	$383.52M	68.17%
2009-12-31	$228.05M	-20.94%
2008-12-31	$288.47M	-9.23%
2007-12-31	$317.80M	1.34%
2006-12-31	$313.61M	20.26%
2005-12-31	$260.78M	-20.98%
2004-12-31	$330.01M	77.85%
2003-12-31	$185.56M	16.65%
2002-12-31	$159.07M	-35.83%
2001-12-31	$247.90M	-33.69%
2000-12-31	$373.86M	36.15%
1999-12-31	$274.60M	90.43%
1998-12-31	$144.20M	-

Novanta generated $949.25M in revenue during NA 2024, up 7.67% compared to the previous quarter, and up 151.61% compared to the same period a year ago.

Novanta Revenue by Quarter

Date	Revenue	Change
2024-12-31	$238.06M	-2.60%
2024-09-27	$244.41M	3.62%
2024-06-28	$235.86M	2.14%
2024-03-29	$230.92M	9.14%
2023-12-31	$211.57M	-4.48%
2023-09-29	$221.50M	-3.47%
2023-06-30	$229.46M	4.72%
2023-03-31	$219.13M	0.34%
2022-12-31	$218.37M	-2.06%
2022-09-30	$222.96M	3.53%
2022-07-01	$215.36M	5.46%
2022-04-01	$204.22M	2.64%
2021-12-31	$198.96M	11.95%
2021-10-01	$177.73M	6.09%
2021-07-02	$167.52M	3.04%
2021-04-02	$162.58M	10.23%
2020-12-31	$147.50M	3.20%
2020-10-02	$142.93M	-1.24%
2020-07-03	$144.73M	-6.91%
2020-04-03	$155.47M	-2.65%
2019-12-31	$159.70M	3.66%
2019-09-27	$154.07M	-0.70%
2019-06-28	$155.15M	-1.30%
2019-03-29	$157.19M	0.65%
2018-12-31	$156.18M	-2.87%
2018-09-28	$160.79M	6.91%
2018-06-29	$150.40M	2.34%
2018-03-30	$146.97M	0.03%
2017-12-31	$146.92M	0.43%
2017-09-29	$146.30M	22.83%
2017-06-30	$119.10M	9.29%
2017-03-31	$108.97M	10.21%
2016-12-31	$98.88M	1.07%
2016-09-30	$97.83M	0.10%
2016-07-01	$97.73M	8.21%
2016-04-01	$90.32M	0.11%
2015-12-31	$90.22M	-2.22%
2015-10-02	$92.27M	-4.38%
2015-07-03	$96.49M	1.99%
2015-04-03	$94.61M	0.64%
2014-12-31	$94.01M	-0.68%
2014-09-26	$94.66M	-2.32%
2014-06-27	$96.91M	22.46%
2014-03-28	$79.13M	-9.78%
2013-12-31	$87.71M	2.60%
2013-09-27	$85.48M	0.21%
2013-06-28	$85.31M	2.64%
2013-03-29	$83.11M	25.15%
2012-12-31	$66.41M	-4.47%
2012-09-28	$69.52M	-1.22%
2012-06-29	$70.38M	-10.69%
2012-03-30	$78.81M	-1.24%
2011-12-31	$79.80M	-14.44%
2011-09-30	$93.26M	-8.00%
2011-07-01	$101.37M	10.36%
2011-04-01	$91.86M	0.26%
2010-12-31	$91.62M	0.08%
2010-10-01	$91.55M	6.77%
2010-07-02	$85.74M	-25.20%
2010-04-02	$114.61M	58.07%
2009-12-31	$72.51M	-

Novanta generated $238.06M in revenue during Q4 2024, up -2.60% compared to the previous quarter, and up 107.47% compared to the same period a year ago.

Novanta Revenue Breakdown

Novanta Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Advanced Surgery	$208.75M	-	-	-	-
Precision Manufacturing	$202.30M	-	-	-	-
Medical Solutions	-	$325.22M	-	-	-
Photonics	-	-	$274.67M	$232.46M	$199.61M
Precision Motion	-	-	$308.24M	$212.27M	$129.36M
Vision	-	-	$277.99M	$262.06M	$261.65M

Novanta's latest annual revenue breakdown by segment (product or service), as of Dec 24: Advanced Surgery (50.78%), and Precision Manufacturing (49.22%).

Quarterly Revenue by Product

Product/Service	Mar 25	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jul 22	Apr 22	Dec 21	Oct 21	Jul 21	Apr 21	Dec 20	Oct 20	Jul 20	Apr 20	Dec 19
Precision Manufacturing	$44.58M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advanced Surgery	$56.19M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Medical Solutions	-	$103.78M	$102.45M	$80.88M	$83.38M	$83.32M	$77.64M	-	-	-	-	-	-	-	-	-	-	-	-	-
Precision Motion	-	-	-	-	-	-	-	$69.66M	$78.81M	$80.38M	$79.38M	$76.98M	$57.12M	$41.72M	$36.45M	$33.62M	$32.24M	$32.19M	$31.32M	$31.67M
Photonics	-	-	-	-	-	-	-	$71.63M	$70.80M	$69.46M	$62.78M	$56.35M	$55.26M	$62.36M	$58.49M	$50.28M	$46.39M	$47.80M	$55.14M	$58.38M
Vision	-	-	-	-	-	-	-	$77.08M	$73.34M	$65.52M	$62.05M	$65.63M	$65.35M	$63.45M	$67.64M	$63.60M	$64.30M	$64.74M	$69.01M	$69.65M

Novanta's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Advanced Surgery (55.76%), and Precision Manufacturing (44.24%).

Novanta Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Rest Of Asia Pacific	$107.05M	$105.35M	$101.60M	$89.20M	$74.33M
Rest Of Europe	$128.87M	$137.03M	$137.80M	$138.86M	$127.04M
UNITED STATES	$487.11M	$418.26M	$372.35M	$270.83M	$225.76M
CHINA	$84.56M	$73.44M	$97.18M	$95.05M	$70.56M
GERMANY	$123.24M	$128.23M	$133.73M	$101.86M	$83.77M
Other Countries	$18.40M	$19.35M	$18.25M	$10.99M	$9.17M

Novanta's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (51.32%), Rest Of Europe (13.58%), GERMANY (12.98%), Rest Of Asia Pacific (11.28%), CHINA (8.91%), and Other Countries (1.94%).

Quarterly Revenue by Country

Country	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jul 22	Apr 22	Dec 21	Oct 21	Jul 21	Apr 21	Dec 20	Oct 20	Jul 20	Apr 20
Other Countries	$4.65M	$5.20M	$4.16M	$5.36M	$3.42M	$3.78M	$6.99M	$5.15M	$4.44M	$4.01M	$4.71M	$6.71M	$4.69M	$1.79M	$2.38M	$2.12M	$2.19M	$2.10M	$2.03M	$2.84M
GERMANY	$28.48M	$24.59M	$33.56M	$33.18M	$28.01M	$33.26M	$32.10M	$34.86M	$34.20M	$34.63M	$33.12M	$31.78M	$30.42M	$23.77M	$22.36M	$19.50M	$18.89M	$22.15M	$23.23M	-
CHINA	$21.43M	$23.85M	$24.62M	$17.07M	$19.11M	$15.68M	$20.85M	$17.80M	$16.30M	$24.21M	$29.87M	$26.80M	$26.76M	$23.51M	$22.55M	$20.27M	$17.41M	$17.47M	$15.40M	-
UNITED STATES	$123.65M	$122.31M	$124.33M	$117.08M	$96.37M	$110.46M	$107.59M	$103.84M	$103.76M	$99.23M	$86.65M	$82.72M	$79.13M	$59.50M	$59.23M	$54.40M	$57.63M	$54.52M	$59.20M	-
Rest Of Europe	$31.78M	$34.79M	$30.58M	$30.97M	$38.87M	$34.26M	$34.54M	$29.36M	$32.48M	$34.00M	$37.92M	$33.37M	$33.52M	$34.16M	$35.60M	$35.58M	$32.76M	$30.48M	$30.71M	$33.09M
Rest Of Asia Pacific	$23.38M	$27.32M	$27.15M	$27.26M	$25.79M	$24.06M	$27.39M	$28.11M	$27.20M	$26.89M	$23.09M	$22.84M	$24.43M	$21.26M	$22.76M	$20.75M	$18.38M	$16.41M	$17.84M	$21.70M
D E	-	-	-	-	-	-	-	-	-	-	-	-	-	$25.31M	-	-	-	-	-	-
C N	-	-	-	-	-	-	-	-	-	-	-	-	-	$22.23M	-	-	-	-	-	-
U S	-	-	-	-	-	-	-	-	-	-	-	-	-	$72.97M	-	-	-	-	-	-

Novanta's latest quarterly revenue breakdown by geography, as of Mar 25: UNITED STATES (52.98%), Rest Of Europe (13.62%), GERMANY (12.20%), Rest Of Asia Pacific (10.02%), CHINA (9.18%), and Other Countries (1.99%).

Novanta Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FTV	Fortive	$6.23B	$1.47B
ST	Sensata Technologies	$3.93B	$907.69M
VNT	Vontier	$2.98B	$741.10M
ITRI	Itron	$2.44B	$607.15M
ESE	ESCO	$1.03B	$247.03M
NOVT	Novanta	$949.25M	$238.06M
BMI	Badger Meter	$826.56M	$222.21M
VPG	Vishay Precision Group	$306.52M	$72.65M
MLAB	Mesa Laboratories	$216.19M	$62.84M
SOTK	Sono-Tek	$19.70M	$5.19M

NOVT Revenue FAQ

What is Novanta’s yearly revenue?

Novanta's yearly revenue for 2024 was $949.24M, representing an increase of 7.67% compared to 2023. The company's yearly revenue for 2023 was $881.66M, representing an increase of 2.41% compared to 2022. NOVT's yearly revenue for 2022 was $860.9M, representing an increase of 21.80% compared to 2021.

What is Novanta’s quarterly revenue?

Novanta's quarterly revenue for Q4 2024 was $238.06M, a -2.60% decrease from the previous quarter (Q3 2024), and a 12.52% increase year-over-year (Q4 2023). The company's quarterly revenue for Q3 2024 was $244.4M, a 3.62% increase from the previous quarter (Q2 2024), and a 10.34% increase year-over-year (Q3 2023). NOVT's quarterly revenue for Q2 2024 was $235.86M, a 2.14% increase from the previous quarter (Q1 2024), and a 2.79% increase year-over-year (Q2 2023).

What is Novanta’s revenue growth rate?

Novanta's revenue growth rate for the last 3 years (2022-2024) was 10.26%, and for the last 5 years (2020-2024) was 60.72%.

What are Novanta’s revenue streams?

Novanta's revenue streams in c 24 are Advanced Surgery, and Precision Manufacturing. Advanced Surgery generated $208.75M in revenue, accounting 50.78% of the company's total revenue Precision Manufacturing generated $202.3M in revenue, accounting 49.22% of the company's total revenue

What is Novanta’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Novanta was Advanced Surgery. This segment made a revenue of $208.75M, representing 50.78% of the company's total revenue.