Novanta (NOVT) Revenue & Revenue Breakdown
Novanta Revenue Highlights
Latest Revenue (Y)
$881.66M
Latest Revenue (Q)
$235.86M
Main Segment (Y)
Medical Solutions
Main Geography (Y)
UNITED STATES
Novanta Revenue by Period
Novanta Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 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 $881.66M in revenue during NA 2023, up 2.41% compared to the previous quarter, and up 143.51% compared to the same period a year ago.
Novanta Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 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 | 31.67% |
| 2009-10-02 | $55.07M | -12.46% |
| 2009-07-03 | $62.90M | -1.57% |
| 2009-04-03 | $63.91M | -33.66% |
| 2008-12-31 | $96.33M | 34.84% |
| 2008-09-26 | $71.44M | 8.23% |
| 2008-06-27 | $66.01M | - |
Novanta generated $235.86M in revenue during Q2 2024, up 2.14% compared to the previous quarter, and up 107.64% compared to the same period a year ago.
Novanta Revenue Breakdown
Novanta Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Medical Solutions | $325.22M | - | - | - | - |
| Vision | - | $277.99M | $262.06M | $261.65M | $271.41M |
| Photonics | - | $274.67M | $232.46M | $199.61M | $230.46M |
| Precision Motion | - | $308.24M | $212.27M | $129.36M | $124.23M |
Novanta's latest annual revenue breakdown by segment (product or service), as of Dec 23: Medical Solutions (100.00%).
Quarterly Revenue by Product
| Product/Service | 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 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Medical Solutions | $102.45M | $80.88M | $83.38M | $83.32M | $77.64M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 | $69.92M | $65.89M |
| 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 | $29.57M | $30.96M |
| 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 | $54.57M | $58.29M |
Novanta's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Medical Solutions (100.00%).
Novanta Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| UNITED STATES | $418.26M | $372.35M | $270.83M | $225.76M | $254.28M |
| CHINA | $73.44M | $97.18M | $95.05M | $70.56M | $59.51M |
| GERMANY | $128.23M | $133.73M | $101.86M | $83.77M | $82.03M |
| Other Countries | $19.35M | $18.25M | $10.99M | $9.17M | $11.04M |
| Rest Of Asia Pacific | $105.35M | $101.60M | $89.20M | $74.33M | $89.59M |
| Rest Of Europe | $137.03M | $137.80M | $138.86M | $127.04M | $129.64M |
Novanta's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (47.44%), Rest Of Europe (15.54%), GERMANY (14.54%), Rest Of Asia Pacific (11.95%), CHINA (8.33%), and Other Countries (2.19%).
Quarterly Revenue by Country
| Country | 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 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rest Of Europe | $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 | $32.41M | $30.49M | $35.97M |
| UNITED STATES | $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 | $64.23M | $63.28M | $62.01M | - |
| Other Countries | $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 | $3.43M | $2.76M | $2.23M |
| GERMANY | $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 | $18.29M | $21.42M | $18.84M | - |
| CHINA | $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 | $17.12M | $11.89M | $15.39M | - |
| Rest Of Asia Pacific | $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 | $24.22M | $24.22M | $20.70M |
| U S | - | - | - | - | - | - | - | - | - | - | $72.97M | - | - | - | - | - | - | - | - | - |
| D E | - | - | - | - | - | - | - | - | - | - | $25.31M | - | - | - | - | - | - | - | - | - |
| C N | - | - | - | - | - | - | - | - | - | - | $22.23M | - | - | - | - | - | - | - | - | - |
Novanta's latest quarterly revenue breakdown by geography, as of Mar 24: UNITED STATES (50.70%), GERMANY (14.37%), Rest Of Europe (13.41%), Rest Of Asia Pacific (11.80%), CHINA (7.39%), and Other Countries (2.32%).
Novanta Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| FTV | Fortive | $6.07B | $1.55B |
| ST | Sensata Technologies | $4.05B | $1.04T |
| VNT | Vontier | $3.10B | $696.40M |
| ITRI | Itron | $2.17B | $609.07M |
| ESE | ESCO | $956.03M | $260.78M |
| NOVT | Novanta | $881.66M | $235.86M |
| BMI | Badger Meter | $703.59M | $216.66M |
| VPG | Vishay Precision Group | $355.05M | $77.36M |
| SOTK | Sono-Tek | $19.70M | $5.03M |
| MLAB | Mesa Laboratories | - | $58.17M |
NOVT Revenue FAQ
What is Novanta’s yearly revenue?
Novanta's yearly revenue for 2023 was $881.66M, representing an increase of 2.41% compared to 2022. The company's yearly revenue for 2022 was $860.9M, representing an increase of 21.80% compared to 2021. NOVT's yearly revenue for 2021 was $706.79M, representing an increase of 19.67% compared to 2020.
What is Novanta’s quarterly revenue?
Novanta'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). The company's quarterly revenue for Q1 2024 was $230.92M, a 9.14% increase from the previous quarter (Q4 2023), and a 5.38% increase year-over-year (Q1 2023). NOVT's quarterly revenue for Q4 2023 was $211.57M, a -4.48% decrease from the previous quarter (Q3 2023), and a -3.12% decrease year-over-year (Q4 2022).
What is Novanta’s revenue growth rate?
Novanta's revenue growth rate for the last 3 years (2021-2023) was 24.74%, and for the last 5 years (2019-2023) was 40.82%.
What are Novanta’s revenue streams?
Novanta's revenue streams in c 23 are Medical Solutions
What is Novanta’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Novanta was Medical Solutions. This segment made a revenue of $325.22M, representing 100.00% of the company's total revenue.