NOVT Novanta Inc. - Common Shares
NASDAQ · Electrical Equipment · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Feb 23, 2026
$149.27
· of 52w range
· above low
· to high
$98.2752w low
$176.3852w high
Market Cap (MRQ)
$5.32B
P/E (TTM)
101.5
EPS (TTM)
$1.47
Revenue (TTM)
$981M
your badges
52W Range
$98–$176
Analyst Rating
STRONG BUY
Price Target
$194
P/E
101.5
ROE
5.2%
Net Profit Margin
5.5%
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NOVT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$149.27
Market Cap (MRQ)
$5.32B
P/E (TTM)
101.5
EPS (TTM)
$1.47
Revenue (TTM)
$981M
ROE (TTM)
5.2%
Debt/Equity
0.2
52W Range
$98–$176
NOVT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Dec. 29, 2010 | 1-for-3 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$981M2016-12-31 → 2025-12-31
EPS$1.472016-12-31 → 2025-12-31
Free Cash Flow$48M2016-12-31 → 2025-12-31
Net margin5.5%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | NOVT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 101.55Y avg ≈88.3 | ≈88.3 | 34.7 | Overvalued | |
| P/S (TTM) | 5.45Y avg ≈6.3 | ≈6.3 | 4.4 | Fair value | |
| P/B (MRQ) | 4.15Y avg ≈8.0 | ≈8.0 | 3.8 | Undervalued | |
| EV / EBITDA | 33.35Y avg ≈39.2 | ≈39.2 | 24.5 | Fair value | |
| Price / FCF (TTM) | 109.95Y avg ≈67.8 | ≈67.8 | · | · | |
| Price / Cash Flow (TTM) | 83.15Y avg ≈54.2 | ≈54.2 | 22.3 | Overvalued | |
| EV / Revenue | 5.35Y avg ≈6.6 | ≈6.6 | · | · | |
| EV / FCF | 107.35Y avg ≈70.0 | ≈70.0 | · | · | |
| Price / Tangible Book (MRQ) | 4.7 | · | · | · | |
| PEG Ratio | ≈30.8 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | NOVT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 44.4%5Y avg ≈44.1% | ≈44.1% | 45.6% | In line | |
| Operating Margin (TTM) | 9.6%5Y avg ≈11.0% | ≈11.0% | 18.6% | Weak | |
| EBITDA Margin (TTM) | 15.9%5Y avg ≈16.9% | ≈16.9% | 19.6% | Weak | |
| Pretax Margin (TTM) | 7.1%5Y avg ≈8.6% | ≈8.6% | 16.1% | Weak | |
| Net Profit Margin (TTM) | 5.5%5Y avg ≈7.2% | ≈7.2% | 11.7% | Weak | |
| ROA (TTM) | 3.4%5Y avg ≈5.0% | ≈5.0% | 6.1% | Weak | |
| ROE (TTM) | 5.2%5Y avg ≈9.9% | ≈9.9% | 11.5% | Weak | |
| ROIC | 4.6%5Y avg ≈7.3% | ≈7.3% | 8.0% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | NOVT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.25Y avg ≈0.6 | ≈0.6 | 0.7 | Low debt | |
| Current Ratio (MRQ) | 3.75Y avg ≈2.8 | ≈2.8 | 2.3 | Strong liquidity | |
| Quick Ratio | 2.75Y avg ≈1.7 | ≈1.7 | 1.3 | Strong liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.25Y avg ≈0.6 | ≈0.6 | 0.5 | Low debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | NOVT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 3.3%5Y avg ≈11.0% | ≈11.0% | · | · | |
| Revenue CAGR 3Y | 4.4%5Y avg ≈9.7% | ≈9.7% | · | · | |
| Revenue CAGR 5Y | 10.7% | · | · | · | |
| EPS YoY | -17.0%5Y avg ≈5.5% | ≈5.5% | · | · | |
| Net Income YoY | -16.0%5Y avg ≈6.1% | ≈6.1% | · | · | |
| EPS CAGR 3Y | -10.6%5Y avg ≈4.9% | ≈4.9% | · | · | |
| EPS CAGR 5Y | 3.3% | · | · | · | |
| Net Income CAGR 3Y | -10.1%5Y avg ≈5.4% | ≈5.4% | · | · | |
| Net Income CAGR 5Y | 3.9% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | NOVT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.65Y avg ≈0.7 | ≈0.7 | 0.6 | In line | |
| Inventory Turnover | 3.35Y avg ≈3.4 | ≈3.4 | 3.5 | Weak | |
| Receivables Turnover | 5.85Y avg ≈6.6 | ≈6.6 | 6.7 | Weak | |
| Revenue / Employee | ≈$326.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
3.8%
Next Report
Nov 02, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 11, 2026 | $0.89 | $0.85 | 5.1% |
| March 31, 2026 | May 11, 2026 | $0.81 | $0.79 | 2.2% |
| Dec. 31, 2025 | $0.91 | $0.90 | 1.4% | |
| Sept. 30, 2025 | $0.87 | $0.83 | 4.4% | |
| June 30, 2025 | $0.76 | $0.75 | 1.6% | |
| March 31, 2025 | $0.74 | $0.69 | 7.7% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $981M | $949M | $882M | $861M | $707M | $591M | $626M | $614M | $521M | $385M | $374M | $365M | |
| Cost of Revenue | $545M | $528M | $482M | $482M | $406M | $346M | $364M | $353M | $301M | $222M | $216M | $215M | |
| Gross Profit | $435M | $422M | $400M | $378M | $300M | $245M | $262M | $262M | $221M | $162M | $158M | $150M | |
| R&D Expense | $95M | $96M | $92M | $86M | $73M | $61M | $56M | $51M | $42M | $32M | $31M | $29M | |
| SG&A Expense | $196M | $176M | $164M | $159M | $129M | $110M | $118M | $116M | $102M | $81M | $82M | $84M | |
| Operating Expenses | $341M | $311M | $289M | $275M | $236M | $189M | $207M | $191M | $163M | $129M | $129M | $167M | |
| Operating Income | $94M | $111M | $110M | $103M | $64M | $56M | $55M | $71M | $58M | $33M | $29M | $-17M | |
| Other Non-op | $-708.0K | $-442.0K | $-675.0K | $-371.0K | $-368.0K | $21.0K | $-243.0K | $-44.0K | $-229.0K | $2M | $3M | $3M | |
| Pretax Income | $70M | $79M | $84M | $87M | $56M | $48M | $46M | $61M | $76M | $33M | $46M | $-18M | |
| Income Tax | $16M | $15M | $11M | $13M | $6M | $4M | $5M | $10M | $14M | $11M | $10M | $-1M | |
| Net Income | $54M | $64M | $73M | $74M | $50M | $45M | $41M | $49M | $60M | $22M | $36M | $-24M | |
| EPS (Basic) | $1.47 | $1.78 | $2.03 | $2.08 | $1.42 | $1.27 | $1.16 | $1.46 | $1.14 | $0.63 | $1.03 | $-0.70 | |
| EPS (Diluted) | $1.47 | $1.77 | $2.02 | $2.06 | $1.41 | $1.25 | $1.15 | $1.43 | $1.13 | $0.63 | $1.02 | $-0.70 | |
| Shares (Basic) | 36,589,000 | 35,950,000 | 35,844,000 | 35,652,000 | 35,396,000 | 35,144,000 | 35,030,000 | 34,913,000 | 34,817,000 | 34,694,000 | 34,579,000 | 34,352,000 | |
| Shares (Diluted) | 36,702,000 | 36,124,000 | 36,031,000 | 35,909,000 | 35,781,000 | 35,654,000 | 35,546,000 | 35,473,000 | 35,280,000 | 34,914,000 | 34,827,000 | 34,352,000 | |
| EBITDA | $156M | $166M | $157M | $156M | $107M | $94M | $94M | $108M | $88M | $54M | $49M | $-17M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $381M | $114M | $105M | $100M | $117M | $125M | $79M | $82M | $100M | $68M | $60M | $51M | |
| Receivables | $185M | $151M | $139M | $138M | $116M | $75M | $91M | $84M | $81M | $64M | $57M | $51M | |
| Inventory | $188M | $145M | $149M | $168M | $126M | $93M | $117M | $105M | $91M | $60M | $60M | $63M | |
| Prepaid Expense | $19M | $16M | $13M | $13M | $13M | $8M | $12M | $9M | $11M | $6M | $6M | $5M | |
| Current Assets | $783M | $434M | $415M | $421M | $374M | $304M | $305M | $282M | $288M | $199M | $185M | $183M | |
| PP&E (Net) | $118M | $113M | $109M | $103M | $87M | $79M | $78M | $65M | $62M | $35M | $41M | $40M | |
| PP&E (Gross) | $251M | $225M | $213M | $196M | $178M | $165M | $155M | $134M | $127M | $91M | $92M | $97M | |
| Accum. Depreciation | $133M | $112M | $103M | $93M | $90M | $86M | $77M | $69M | $65M | $55M | $51M | $57M | |
| Goodwill | $647M | $584M | $485M | $479M | $480M | $286M | $275M | $218M | $211M | $108M | $103M | $91M | |
| Intangibles | $181M | $186M | $145M | $176M | $221M | $149M | $166M | $143M | $155M | $62M | $66M | $67M | |
| Other Non-current Assets | $9M | $6M | $6M | $4M | $6M | $3M | $3M | $2M | $4M | $13M | $13M | $12M | |
| Total Assets | $1.81B | $1.39B | $1.23B | $1.24B | $1.23B | $865M | $870M | $720M | $727M | $426M | $416M | $396M | |
| Accounts Payable | $95M | $77M | $57M | $75M | $69M | $43M | $53M | $51M | $40M | $32M | $24M | $26M | |
| Current Liabilities | $212M | $168M | $139M | $165M | $184M | $114M | $135M | $104M | $98M | $70M | $57M | $54M | |
| Capital Leases | $39M | $41M | $37M | $41M | $46M | $33M | $34M | · | $8M | $8M | $9M | $10M | |
| Deferred Tax | $18M | $13M | $16M | $17M | $34M | $24M | $27M | · | · | · | · | · | |
| Other Non-current Liabilities | $7M | $4M | $6M | $6M | $10M | $17M | $37M | $17M | $15M | $19M | $19M | $19M | |
| Total Liabilities | $493M | $643M | $553M | $664M | $707M | $388M | $453M | $351M | $368M | $167M | $171M | $185M | |
| Long-term Debt | $251M | $417M | $354M | $435M | $434M | $200M | $220M | $207M | $235M | $78M | $96M | $112M | |
| Total Debt | $251M | $417M | $354M | $435M | $434M | $200M | $220M | $207M | $235M | $78M | $96M | $115M | |
| Common Stock | $424M | $424M | $424M | $424M | $424M | $424M | $424M | $424M | $424M | $424M | $424M | $424M | |
| Retained Earnings | $321M | $268M | $203M | $131M | $57M | $6M | $-38M | $-79M | $-128M | $-168M | $-190M | $-225M | |
| AOCI | $-3M | $-30M | $-24M | $-32M | $-13M | $-12M | $-18M | $-23M | $-18M | $-28M | $-19M | $-16M | |
| Stockholders' Equity | $1.31B | $746M | $673M | $578M | $521M | $477M | $417M | $368M | $312M | $259M | $245M | $211M | |
| Liabilities + Equity | $1.81B | $1.39B | $1.23B | $1.24B | $1.23B | $865M | $870M | $720M | $727M | $426M | $416M | $396M | |
| Shares Outstanding | 35,671,000 | 35,938,000 | 35,814,000 | 35,711,000 | 35,601,000 | 35,163,000 | 35,052,000 | 34,886,000 | 34,595,000 | 34,458,000 | 34,345,000 | 34,219,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $62M | $56M | $47M | $53M | $43M | $38M | $38M | $37M | $31M | $21M | $20M | $24M | |
| Stock-based Comp | $30M | $23M | $26M | $23M | $26M | $23M | $9M | $8M | $5M | $4M | $4M | $4M | |
| Deferred Tax | $-9M | $-16M | $-15M | $-19M | $-4M | $-4M | $-4M | $-6M | $-3M | $-2M | $-2M | $-7M | |
| Amort. of Intangibles | $27M | $26M | $20M | $26M | $17M | $14M | $16M | $16M | $12M | $8M | $8M | $10M | |
| Restructuring | $16M | $10M | $12M | $4M | $8M | $4M | $9M | $2M | $346.0K | $5M | $6M | $414.0K | |
| Other Non-cash | $-72M | $31M | $-10M | $-41M | $-21M | $38M | $-21M | $2M | $-30M | $2M | $-25M | · | |
| Operating Cash Flow | $64M | $159M | $120M | $91M | $95M | $140M | $63M | $90M | $63M | $48M | $33M | $42M | |
| CapEx | $16M | $17M | $20M | $20M | $20M | $11M | $11M | $15M | $9M | $8M | $6M | $5M | |
| Investing Cash Flow | $-74M | $-208M | $-20M | $-43M | $-307M | $-13M | $-64M | $-46M | $-177M | $-13M | $-2M | $-90M | |
| Stock Repurchased | $39M | · | · | $10M | · | $6M | $10M | $6M | $370.0K | $2M | $2M | · | |
| Net Stock Activity | $-39M | · | · | $-10M | · | $-6M | $-10M | $-6M | $-370.0K | $-2M | $-2M | · | |
| Financing Cash Flow | $276M | $57M | $-98M | $-60M | $205M | $-84M | $-4M | $-60M | $143M | $-23M | $-22M | $40M | |
| Net Change in Cash | $267M | $9M | $5M | $-17M | $-8M | $46M | $-3M | $-18M | $32M | $8M | $9M | $-10M | |
| Taxes Paid | $37M | · | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $48M | $141M | $100M | $71M | $75M | $130M | $53M | $75M | $54M | $39M | $28M | $37M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.4% | 44.4% | 45.4% | 44.0% | 42.5% | 41.4% | 41.9% | 42.6% | 42.3% | 42.2% | 42.3% | 41.2% | |
| Operating Margin | 9.6% | 11.7% | 12.5% | 12.0% | 9.1% | 9.5% | 8.8% | 11.6% | 11.0% | 8.5% | 7.7% | -4.6% | |
| Net Margin | 5.5% | 6.8% | 8.3% | 8.6% | 7.1% | 7.5% | 6.5% | 8.0% | 11.5% | 5.7% | 9.5% | -6.7% | |
| Pretax Margin | 7.1% | 8.3% | 9.5% | 10.1% | 8.0% | 8.2% | 7.3% | 10.0% | 14.6% | 8.5% | 12.3% | -4.9% | |
| EBITDA Margin | 15.9% | 17.5% | 17.8% | 18.1% | 15.2% | 16.0% | 14.9% | 17.6% | 16.9% | 13.9% | 13.2% | -4.6% | |
| ROA | 3.4% | 4.9% | 5.9% | 6.0% | 4.8% | 5.1% | 5.1% | 6.8% | 10.4% | 5.2% | 8.8% | -6.2% | |
| ROE | 5.2% | 9.0% | 11.7% | 13.5% | 10.1% | 10.0% | 10.4% | 14.4% | 21.1% | 8.7% | 15.6% | -10.7% | |
| ROIC | 4.6% | 7.7% | 9.4% | 8.6% | 6.0% | 7.6% | 7.7% | 10.3% | 8.6% | 6.5% | 6.6% | -4.9% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.7 | 2.6 | 3.0 | 2.6 | 2.0 | 2.7 | 2.3 | 2.7 | 2.9 | 2.8 | 3.3 | 3.4 | |
| Quick Ratio | 2.7 | 1.6 | 1.8 | 1.4 | 1.3 | 1.8 | 1.3 | 1.6 | 1.8 | 1.9 | 2.1 | 1.9 | |
| Debt / Equity | 0.2 | 0.6 | 0.5 | 0.8 | 0.8 | 0.4 | 0.5 | 0.6 | 0.8 | 0.3 | 0.4 | 0.5 | |
| LT Debt / Equity | 0.2 | 0.6 | 0.5 | 0.7 | 0.8 | 0.4 | 0.5 | 0.6 | 0.7 | 0.3 | 0.4 | 0.5 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | |
| Inventory Turnover | 3.3 | 3.6 | 3.0 | 3.3 | 3.7 | 3.3 | 3.3 | 3.6 | 4.0 | 3.7 | 3.5 | 3.5 | |
| Receivables Turnover | 5.8 | 6.5 | 6.4 | 6.8 | 7.4 | 7.1 | 7.2 | 7.4 | 7.2 | 6.4 | 6.9 | 7.3 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $36.84 | $20.75 | $18.80 | $16.17 | $14.64 | $13.56 | $11.90 | $10.56 | $9.01 | $7.51 | $7.12 | $6.16 | |
| Revenue / Share | $26.72 | $26.28 | $24.47 | $23.97 | $19.75 | $16.57 | $17.61 | $17.32 | $14.78 | $11.02 | $10.73 | $10.62 | |
| Cash Flow / Share | $1.75 | $4.39 | $3.33 | $2.53 | $2.64 | $3.93 | $1.78 | $2.53 | $1.80 | $1.37 | $0.96 | $1.23 | |
| Cash / Share | $10.68 | $3.17 | $2.93 | $2.80 | $3.30 | $3.56 | $2.25 | $2.35 | $2.89 | $1.98 | $1.75 | $1.49 | |
| EPS (TTM) | $1.47 | $1.77 | $2.02 | $2.06 | $1.41 | $1.25 | $1.15 | $1.43 | $1.13 | $0.63 | $1.02 | $-0.70 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 3.3% | 7.7% | 2.4% | 21.8% | 19.7% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 4.4% | 10.3% | 14.3% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 10.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -17.0% | -12.4% | -1.9% | 46.1% | 12.8% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -10.6% | 7.9% | 17.3% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 3.3% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -16.0% | -12.1% | -1.6% | 47.1% | 13.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -10.1% | 8.4% | 17.8% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 3.9% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $981M | $949M | $882M | $861M | $707M | $591M | $626M | $614M | $521M | $385M | $374M | $365M | |
| Net Income TTM | $54M | $64M | $73M | $74M | $50M | $45M | $41M | $49M | $60M | $22M | $36M | $-24M | |
| Market Cap | $4.24B | $5.49B | $6.03B | $4.85B | $6.28B | $4.16B | $3.10B | $2.20B | $1.73B | $724M | $468M | $504M | |
| Enterprise Value | $4.11B | $5.79B | $6.28B | $5.19B | $6.59B | $4.23B | $3.24B | $2.32B | $1.86B | $733M | $504M | $568M | |
| P/E | 80.9 | 86.3 | 83.4 | 66.0 | 125.1 | 94.6 | 76.9 | 44.1 | 44.2 | 33.3 | 13.4 | -21.0 | |
| P/S | 4.3 | 5.8 | 6.8 | 5.6 | 8.9 | 7.0 | 5.0 | 3.6 | 3.3 | 1.9 | 1.3 | 1.4 | |
| P/B | 3.2 | 7.4 | 9.0 | 8.4 | 12.0 | 8.7 | 7.4 | 6.0 | 5.6 | 2.8 | 1.9 | 2.4 | |
| P / Tangible Book | 8.7 | · | 137.3 | · | · | 98.3 | · | · | · | · | · | · | |
| P / Cash Flow | 66.3 | 34.6 | 50.2 | 53.4 | 66.3 | 29.6 | 49.0 | 24.5 | 27.3 | 15.1 | 14.0 | 11.9 | |
| P / FCF | 87.6 | 38.8 | 60.2 | 68.2 | 84.1 | 32.0 | 59.0 | 29.3 | 31.9 | 18.4 | 16.8 | 13.7 | |
| EV / EBITDA | 26.4 | 34.9 | 40.0 | 33.2 | 61.4 | 44.9 | 34.6 | 21.5 | 21.2 | 13.7 | 10.3 | -33.8 | |
| EV / FCF | 85.0 | 41.0 | 62.7 | 72.9 | 88.3 | 32.6 | 61.7 | 31.0 | 34.3 | 18.6 | 18.1 | 15.4 | |
| EV / Revenue | 4.2 | 6.1 | 7.1 | 6.0 | 9.3 | 7.2 | 5.2 | 3.8 | 3.6 | 1.9 | 1.3 | 1.6 | |
| Earnings Yield | 1.2% | 1.2% | 1.2% | 1.5% | 0.80% | 1.1% | 1.3% | 2.3% | 2.3% | 3.0% | 7.5% | -4.8% |
Income Statement
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $258M | $248M | $241M | $233M | $238M | $244M | $236M | $231M | $212M | $222M | $229M | $219M | $218M | $223M | $204M | |
| Cost of Revenue | $145M | $137M | $134M | $129M | $130M | $135M | $132M | $130M | $115M | $120M | $125M | $121M | $124M | $125M | $114M | |
| Gross Profit | $113M | $111M | $107M | $104M | $108M | $109M | $104M | $100M | $97M | $102M | $104M | $98M | $95M | $98M | $90M | |
| R&D Expense | $23M | $24M | $25M | $23M | $25M | $23M | $24M | $23M | $23M | $22M | $23M | $23M | $22M | $21M | $21M | |
| SG&A Expense | $52M | $51M | $47M | $46M | $43M | $44M | $45M | $44M | $42M | $40M | $42M | $41M | $39M | $40M | $39M | |
| Operating Expenses | $88M | $89M | $92M | $72M | $82M | $77M | $78M | $75M | $75M | $71M | $72M | $71M | $68M | $70M | $66M | |
| Operating Income | $25M | $22M | $15M | $32M | $27M | $33M | $26M | $26M | $22M | $30M | $32M | $26M | $27M | $29M | $24M | |
| Other Non-op | $-64.0K | $-90.0K | $-563.0K | $9.0K | $-222.0K | $-49.0K | $-55.0K | $-116.0K | $-129.0K | $-189.0K | $-191.0K | $-166.0K | $19.0K | $87.0K | $-545.0K | |
| Pretax Income | $22M | $16M | $6M | $26M | $21M | $24M | $17M | $17M | $16M | $23M | $25M | $20M | $19M | $27M | $21M | |
| Income Tax | $4M | $5M | $1M | $5M | $4M | $5M | $3M | $2M | $3M | $2M | $4M | $1M | $4M | $4M | $2M | |
| Net Income | $17M | $11M | $4M | $21M | $16M | $19M | $14M | $15M | $13M | $21M | $21M | $18M | $15M | $22M | $19M | |
| EPS (Basic) | $0.46 | $0.30 | $0.12 | $0.59 | $0.46 | $0.53 | $0.38 | $0.41 | $0.35 | $0.59 | $0.58 | $0.51 | $0.43 | $0.63 | $0.53 | |
| EPS (Diluted) | $0.46 | $0.30 | $0.12 | $0.59 | $0.45 | $0.53 | $0.38 | $0.41 | $0.34 | $0.59 | $0.58 | $0.51 | $0.42 | $0.63 | $0.53 | |
| Shares (Basic) | · | 35,967,000 | 36,022,000 | 36,024,000 | · | 35,959,000 | 35,946,000 | 35,914,000 | · | 35,856,000 | 35,851,000 | 35,810,000 | · | 35,729,000 | 35,538,000 | |
| Shares (Diluted) | · | 36,040,000 | 36,076,000 | 36,130,000 | · | 36,129,000 | 36,092,000 | 36,127,000 | · | 36,041,000 | 36,032,000 | 35,999,000 | · | 35,928,000 | 35,781,000 | |
| EBITDA | · | $38M | $30M | $46M | · | $47M | $40M | $39M | · | $42M | $44M | $38M | · | $42M | $38M |
Balance Sheet
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $381M | $89M | $110M | $106M | $114M | $93M | $98M | $94M | · | $76M | $91M | $83M | · | $85M | $99M | |
| Receivables | $185M | $171M | $161M | $164M | $151M | $165M | $145M | $151M | · | $143M | $145M | $141M | · | $145M | $124M | |
| Inventory | $188M | $180M | $168M | $145M | $145M | $154M | $160M | $161M | · | $154M | $163M | $167M | · | $163M | $139M | |
| Prepaid Expense | $19M | $19M | $15M | $13M | $16M | $13M | $12M | $15M | · | $13M | $12M | $12M | · | $15M | $13M | |
| Current Assets | $783M | $468M | $462M | $434M | $434M | $437M | $425M | $429M | · | $391M | $414M | $405M | · | $408M | $375M | |
| PP&E (Net) | $118M | $120M | $119M | $113M | $113M | $120M | $115M | $113M | · | $103M | $104M | $104M | · | $95M | $90M | |
| PP&E (Gross) | $251M | · | · | · | $225M | · | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $133M | · | · | · | $112M | · | · | · | · | · | · | · | · | · | · | |
| Goodwill | $647M | $648M | $649M | $589M | $584M | $594M | $587M | $590M | · | $478M | $483M | $483M | · | $465M | $476M | |
| Intangibles | $181M | $193M | $204M | $178M | $186M | $198M | $207M | $215M | · | $151M | $161M | $169M | · | $179M | $208M | |
| Other Non-current Assets | $9M | $6M | $6M | $6M | $6M | $6M | $6M | $5M | · | $6M | $6M | $6M | · | $6M | $6M | |
| Total Assets | $1.81B | $1.51B | $1.51B | $1.39B | $1.39B | $1.42B | $1.40B | $1.41B | · | $1.19B | $1.23B | $1.23B | · | $1.21B | $1.21B | |
| Accounts Payable | $95M | $100M | $89M | $83M | $77M | $69M | $71M | $71M | · | $64M | $65M | $66M | · | $80M | $72M | |
| Current Liabilities | $212M | $187M | $182M | $170M | $168M | $157M | $153M | $151M | · | $138M | $136M | $142M | · | $158M | $183M | |
| Capital Leases | $39M | $40M | $41M | $39M | $41M | $43M | $41M | $43M | · | $39M | $41M | $40M | · | $41M | $44M | |
| Deferred Tax | $18M | $20M | $21M | $13M | $13M | $14M | $14M | $15M | · | $14M | $16M | $17M | · | $17M | $20M | |
| Other Non-current Liabilities | $7M | $6M | $7M | $4M | $4M | $5M | $5M | $6M | · | $5M | $6M | $6M | · | $6M | $7M | |
| Total Liabilities | $493M | $704M | $710M | $616M | $643M | $677M | $697M | $729M | · | $549M | $607M | $628M | · | $665M | $671M | |
| Long-term Debt | $251M | $451M | $459M | $390M | $417M | $458M | $482M | $514M | · | $353M | $408M | $423M | · | $443M | $417M | |
| Total Debt | · | $451M | $459M | $390M | · | $458M | $482M | $514M | · | $353M | $408M | $423M | · | $443M | · | |
| Common Stock | $424M | $424M | $424M | $424M | $424M | $424M | $424M | $424M | · | $424M | $424M | $424M | · | $424M | $424M | |
| Retained Earnings | $321M | $304M | $293M | $289M | $268M | $251M | $232M | $218M | · | $191M | $170M | $149M | · | $115M | $75M | |
| AOCI | $-3M | $-3M | $-1M | $-21M | $-30M | $-13M | $-27M | $-28M | · | $-33M | $-25M | $-27M | · | $-49M | $-17M | |
| Stockholders' Equity | $1.31B | $801M | $801M | $770M | $746M | $742M | $702M | $682M | · | $645M | $626M | $598M | · | $542M | $535M | |
| Liabilities + Equity | $1.81B | $1.51B | $1.51B | $1.39B | $1.39B | $1.42B | $1.40B | $1.41B | · | $1.19B | $1.23B | $1.23B | · | $1.21B | $1.21B | |
| Shares Outstanding | 35,671,000 | 35,846,000 | 35,973,000 | 35,964,000 | 35,938,000 | 35,916,000 | 35,895,000 | 35,891,000 | · | 35,810,000 | 35,808,000 | 35,802,000 | · | 35,689,000 | 35,684,000 |
Cash Flow
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $17M | $16M | $16M | $14M | $14M | $14M | $14M | $13M | $12M | $11M | $12M | $12M | $12M | $13M | $14M | |
| Stock-based Comp | $8M | $7M | $7M | $7M | $5M | $6M | $6M | $6M | $7M | $6M | $6M | $6M | $5M | $6M | $7M | |
| Deferred Tax | $-2M | $-1M | $-3M | $-2M | $-4M | $-4M | $-4M | $-4M | $-2M | $-5M | $-4M | $-4M | $-4M | $-5M | $-5M | |
| Amort. of Intangibles | $8M | $7M | $7M | $6M | $7M | $7M | $7M | $6M | $5M | $5M | $5M | $5M | $5M | $6M | $7M | |
| Restructuring | $4M | $5M | $10M | $-3M | $5M | $2M | $3M | $548.0K | · | $4M | $1M | $2M | · | $2M | $622.0K | |
| Other Non-cash | · | · | · | $-8M | · | · | · | $3M | · | · | · | $-23M | · | · | $-23M | |
| Operating Cash Flow | $9M | $8M | $15M | $32M | $62M | $23M | $41M | $33M | $39M | $45M | $26M | $10M | $41M | $15M | $11M | |
| CapEx | $4M | $4M | $3M | $4M | $2M | $4M | $5M | $6M | $6M | $7M | $3M | $4M | $4M | $3M | $6M | |
| Investing Cash Flow | $-4M | $-5M | $-67M | $1M | $-2M | $-4M | $-5M | $-198M | $-6M | $-7M | $-3M | $-4M | $-4M | $-26M | $-7M | |
| Stock Repurchased | $19M | $14M | $0 | $6M | · | · | · | · | · | · | · | · | $0 | $0 | · | |
| Net Stock Activity | · | · | · | $-6M | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $288M | $-23M | $55M | $-43M | $-36M | $-29M | $-32M | $153M | $-5M | $-52M | $-16M | $-25M | $-23M | $-1M | $-22M | |
| Net Change in Cash | $292M | $-21M | $4M | $-8M | $21M | $-6M | $5M | $-12M | $29M | $-15M | $9M | $-17M | $16M | $-16M | $-19M | |
| Free Cash Flow | · | · | · | $27M | · | · | · | $26M | · | · | · | $7M | · | · | $5M |
Profitability
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 44.8% | 44.3% | 44.7% | · | 44.7% | 44.0% | 43.5% | · | 45.9% | 45.4% | 44.5% | · | 44.1% | 44.2% | |
| Operating Margin | · | 8.8% | 6.2% | 13.9% | · | 13.3% | 10.9% | 11.1% | · | 13.7% | 14.0% | 12.0% | · | 12.8% | 11.9% | |
| Net Margin | · | 4.3% | 1.9% | 9.1% | · | 7.8% | 5.8% | 6.4% | · | 9.6% | 9.1% | 8.3% | · | 10.1% | 9.2% | |
| Pretax Margin | · | 6.4% | 2.4% | 11.3% | · | 9.9% | 7.3% | 7.3% | · | 10.4% | 11.0% | 9.0% | · | 12.0% | 10.1% | |
| EBITDA Margin | · | 15.2% | 12.7% | 19.7% | · | 19.1% | 16.9% | 16.7% | · | 18.8% | 19.2% | 17.4% | · | 18.8% | 18.8% | |
| ROA | · | 0.73% | 0.31% | 1.5% | · | 1.5% | 1.1% | 1.1% | · | 1.8% | 1.7% | 1.5% | · | 1.9% | · | |
| ROE | · | 1.4% | 0.60% | 2.9% | · | 2.8% | 2.1% | 2.3% | · | 3.6% | 3.6% | 3.2% | · | 4.3% | · | |
| ROIC | · | 1.2% | 0.92% | 2.2% | · | 2.1% | 1.7% | 1.9% | · | 2.8% | 2.6% | 2.4% | · | 2.4% | · |
Liquidity & Solvency
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 2.5 | 2.5 | 2.6 | · | 2.8 | 2.8 | 2.8 | · | 2.8 | 3.0 | 2.8 | · | 2.6 | · | |
| Quick Ratio | · | 1.4 | 1.5 | 1.6 | · | 1.6 | 1.6 | 1.6 | · | 1.6 | 1.7 | 1.6 | · | 1.5 | · | |
| Debt / Equity | · | 0.6 | 0.6 | 0.5 | · | 0.6 | 0.7 | 0.8 | · | 0.5 | 0.7 | 0.7 | · | 0.8 | · | |
| LT Debt / Equity | · | 0.6 | 0.6 | 0.5 | · | 0.6 | 0.7 | 0.7 | · | 0.5 | 0.6 | 0.7 | · | 0.8 | · |
Efficiency
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | · | |
| Inventory Turnover | · | 0.8 | 0.8 | 0.8 | · | 0.9 | 0.8 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 0.9 | · | |
| Receivables Turnover | · | 1.5 | 1.6 | 1.5 | · | 1.6 | 1.6 | 1.6 | · | 1.5 | 1.7 | 1.7 | · | 1.7 | · |
Per Share
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $22.36 | $22.28 | $21.40 | · | $20.66 | $19.56 | $18.99 | · | $18.01 | $17.48 | $16.70 | · | $15.19 | · | |
| Revenue / Share | · | $6.88 | $6.68 | $6.46 | · | $6.76 | $6.54 | $6.39 | · | $6.15 | $6.37 | $6.09 | · | $6.21 | $5.71 | |
| Cash Flow / Share | · | · | · | $0.88 | · | · | · | $0.91 | · | · | · | $0.28 | · | · | $0.32 | |
| Cash / Share | · | $2.49 | $3.06 | $2.95 | · | $2.58 | $2.74 | $2.61 | · | $2.12 | $2.55 | $2.31 | · | $2.37 | · | |
| EPS (TTM) | · | $1.46 | · | · | · | $1.66 | $1.72 | $1.92 | · | $2.10 | $2.14 | $2.05 | · | $2.04 | $1.63 |
Valuation (TTM)
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $960M | · | · | · | $923M | $900M | $893M | · | $888M | $890M | $876M | · | $841M | $748M | |
| Net Income TTM | · | $53M | · | · | · | $60M | $62M | $69M | · | $76M | $77M | $73M | · | $73M | $58M | |
| Market Cap | · | $3.62B | $4.68B | $4.64B | · | $6.34B | $5.85B | $6.27B | · | $5.14B | $6.59B | $5.70B | · | $4.13B | · | |
| Enterprise Value | · | $3.98B | $5.03B | $4.93B | · | $6.70B | $6.24B | $6.69B | · | $5.41B | $6.91B | $6.04B | · | $4.49B | · | |
| P/E | · | 69.2 | · | · | · | 106.3 | 94.8 | 91.0 | · | 68.3 | 86.0 | 77.6 | · | 56.7 | 86.7 | |
| P/S | · | 3.8 | · | · | · | 6.9 | 6.5 | 7.0 | · | 5.8 | 7.4 | 6.5 | · | 4.9 | · | |
| P/B | · | 4.5 | 5.8 | 6.0 | · | 8.5 | 8.3 | 9.2 | · | 8.0 | 10.5 | 9.5 | · | 7.6 | · | |
| P / Tangible Book | · | · | · | 1559.4 | · | · | · | · | · | 318.7 | · | · | · | · | · | |
| P / Cash Flow | · | · | · | 146.5 | · | · | · | 191.1 | · | · | · | 556.0 | · | · | · | |
| EV / Revenue | · | 4.1 | · | · | · | 7.3 | 6.9 | 7.5 | · | 6.1 | 7.8 | 6.9 | · | 5.3 | · | |
| Earnings Yield | · | 1.5% | · | · | · | 0.94% | 1.1% | 1.1% | · | 1.5% | 1.2% | 1.3% | · | 1.8% | 1.1% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $981M | $949M | $882M | $861M | $707M |
| Gross Margin % | 44.4% | 44.4% | 45.4% | 44.0% | 42.5% |
| Operating Margin % | 9.6% | 11.7% | 12.5% | 12.0% | 9.1% |
| Net Income | $54M | $64M | $73M | $74M | $50M |
| Diluted EPS | $1.47 | $1.77 | $2.02 | $2.06 | $1.41 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.2 | 0.6 | 0.5 | 0.8 | 0.8 |
| Current Ratio | 3.7 | 2.6 | 3.0 | 2.6 | 2.0 |
| Quick Ratio | 2.7 | 1.6 | 1.8 | 1.4 | 1.3 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $48M | $141M | $100M | $71M | $75M |
Institutional owners (13F) 418 filers · $7.5B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
418
Value held
$7.5B
New positions
91
Exited positions
26
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 91 (+31 vs prior Q) | 26 (-12 vs prior Q) | 154 (0 vs prior Q) | 104 (+18 vs prior Q) | +5.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $778,433,233 | 4,798,035 | 10.42% | Shares |
| VANGUARD GROUP INC | $516,499,656 | 4,340,698 | 6.91% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $388,675,285 | 2,395,681 | 5.20% | Shares |
| Daiwa Securities Group Inc. | $347,518,080 | 2,142,000 | 4.65% | Put option |
| Allspring Global Investments Holdings, LLC | $297,540,138 | 1,817,594 | 3.98% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $260,707,999 | 1,606,928 | 3.49% | Shares |
| STATE STREET CORP | $233,005,468 | 1,436,785 | 3.12% | Shares |
| Conestoga Capital Advisors, LLC | $197,602,317 | 1,217,963 | 2.64% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $160,276,812 | 987,728 | 2.15% | Shares |
| CONGRESS ASSET MANAGEMENT CO | $157,983,958 | 973,767 | 2.11% | Shares |
| BAMCO INC /NY/ | $137,984,147 | 850,494 | 1.85% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $124,254,262 | 765,867 | 1.66% | Shares |
| GENEVA CAPITAL MANAGEMENT LLC | $123,120,387 | 758,878 | 1.65% | Shares |
| WASATCH ADVISORS LP | $117,713,741 | 996,645 | 1.58% | Shares |
| AMERICAN CENTURY COMPANIES INC | $116,372,976 | 717,287 | 1.56% | Shares |
| JPMORGAN CHASE & CO | $108,902,890 | 688,712 | 1.46% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $108,173,949 | 685,752 | 1.45% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $107,961,431 | 665,515 | 1.45% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $104,904,000 | 646,599 | 1.40% | Shares |
| Mawer Investment Management Ltd. | $95,652,324 | 589,573 | 1.28% | Shares |
| NORTHERN TRUST CORP | $85,797,543 | 528,831 | 1.15% | Shares |
| BROWN ADVISORY INC | $82,577,496 | 508,984 | 1.11% | Shares |
| SEI INVESTMENTS CO | $82,342,167 | 507,534 | 1.10% | Shares |
| MORGAN STANLEY | $76,379,428 | 470,778 | 1.02% | Shares |
| BANK OF AMERICA CORP /DE/ | $75,668,574 | 466,399 | 1.01% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $74,775,767 | 460,896 | 1.00% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $72,814,610 | 448,808 | 0.97% | Shares |
| NORGES BANK | $71,610,789 | 441,388 | 0.96% | Shares |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $71,406,853 | 440,131 | 0.96% | Shares |
| Telemark Asset Management, LLC | $68,952,000 | 425,000 | 0.92% | Shares |
| Invesco Ltd. | $66,458,371 | 409,630 | 0.89% | Shares |
| GOLDMAN SACHS GROUP INC | $60,987,149 | 375,907 | 0.82% | Shares |
| AMERICAN CAPITAL MANAGEMENT INC | $58,774,847 | 362,271 | 0.79% | Shares |
| Greenhouse Funds LLLP | $57,885,123 | 356,787 | 0.77% | Shares |
| Artisan Partners Limited Partnership | $57,720,774 | 355,774 | 0.77% | Shares |
| Bank of New York Mellon Corp | $55,925,734 | 344,710 | 0.75% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $53,714,257 | 331,079 | 0.72% | Shares |
| JANE STREET GROUP, LLC | $53,207,420 | 327,955 | 0.71% | Shares |
| Champlain Investment Partners, LLC | $52,891,376 | 326,007 | 0.71% | Shares |
| Nuveen, LLC | $51,603,839 | 318,071 | 0.69% | Shares |
| CITADEL ADVISORS LLC | $50,575,237 | 311,731 | 0.68% | Shares |
| Harvey Partners, LLC | $47,718,353 | 294,122 | 0.64% | Shares |
| FEDERATED HERMES, INC. | $44,587,607 | 274,825 | 0.60% | Shares |
| Legal & General Group Plc | $42,789,340 | 263,741 | 0.57% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $41,530,682 | 255,983 | 0.56% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $39,628,742 | 244,260 | 0.53% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $37,701,818 | 232,383 | 0.50% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $36,263,073 | 223,515 | 0.49% | Shares |
| UBS Group AG | $36,084,772 | 222,416 | 0.48% | Shares |
| FRANKLIN RESOURCES INC | $35,546,003 | 219,097 | 0.48% | Shares |
Activists & 5%+ owners 40 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Stephen W. Bershad (2) ×6 filings | Nov. 20, 2018 | · | Initial filing | · | SEC |
| Goldman Sachs Asset Management (Goldman Sachs Asset Management, L.P., together with GS Investment Strategies, LLC, "Goldman Sachs Asset Management"), Liberty Harbor I GP, LLC, Liberty Harbor Master Fund I, L.P. ×4 filings | April 15, 2013 | · | Initial filing | · | SEC |
| JEC II Associates, LLC (2), K. Peter Heiland (2), Heidi S. Shippell-Heiland (2) ×7 filings | May 18, 2012 | · | Initial filing | · | SEC |
| Tennenbaum Capital Partners, LLC (IRS ID | May 12, 2011 | · | Initial filing | · | SEC |
| Highbridge Capital Management, LLC, Highbridge International LLC, Glenn Dubin ×2 filings | Nov. 3, 2010 | · | Initial filing | · | SEC |
| Stephen W. Bershad ×3 filings | July 28, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | July 27, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | July 26, 2010 | · | Initial filing | · | SEC |
| Hale Capital Partners, LP ×2 filings | July 26, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | May 18, 2010 | · | Initial filing | · | SEC |
| May 18, 2010 | · | Initial filing | · | SEC | |
| Undisclosed reporting person, Undisclosed reporting person | May 18, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | May 18, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | May 18, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | May 12, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | May 11, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | May 11, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | May 11, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | May 11, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | March 19, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | March 19, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | March 19, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | March 16, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | March 16, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | March 16, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | March 16, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | March 3, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person | March 3, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | March 3, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | March 3, 2010 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Jan. 13, 2010 | · | Initial filing | Passive investment | SEC |
| Dec. 14, 2009 | · | Initial filing | · | SEC | |
| Undisclosed reporting person | Nov. 20, 2009 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Nov. 20, 2009 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Nov. 20, 2009 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 20, 2009 | · | Initial filing | · | SEC |
| Nov. 13, 2009 | · | Initial filing | · | SEC | |
| Tennenbaum Capital Partners, LLC (1) | July 2, 2009 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Feb. 6, 2009 | · | Initial filing | · | SEC |
| GSI Group Incorporated, Eagle Acquisition Corporation | July 16, 2008 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 53 insiders · 20 officers · 28 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Matthijs Glastra | Chief Executive Officer | June 2, 2026 S | 36,261 | 0 | 29 | $-8,682,731 |
| John A Roush | Chief Executive Officer | Sept. 1, 2016 M | 477,961 | 0 | 0 | $0 |
| Sergio Edelstein | President & CEO | March 14, 2008 A | 580,794 | 0 | 0 | $0 |
| Robert Buckley | Chief Financial Officer | March 16, 2026 M | 96,616 | 0 | 8 | $-1,562,538 |
| Robert Bowen | Vice President & CFO | March 14, 2008 A | 121,664 | 0 | 0 | $0 |
| Philippe Brak | President and General Mgr | July 23, 2010 M | 40,284 | 0 | 0 | $0 |
| Charles Guy Ravetto JR | Co-Chief Operating Officer | Feb. 24, 2026 M | 16,116 | 0 | 0 | $0 |
| John Lesica | Co-Chief Operating Officer | Feb. 20, 2026 M | 2,096 | 0 | 0 | $0 |
| John Joseph Burke II | Chief Accounting Officer | Feb. 24, 2026 M | 8,900 | 0 | 0 | $0 |
| Alexander Manganiello | General Counsel | Feb. 20, 2026 A | · | 0 | 0 | $0 |
| Michele Davis Welsh | General Counsel | Feb. 20, 2025 A | 1,478 | 0 | 0 | $0 |
| Brian S Young | Chief Human Resources Officer | March 1, 2024 S | 33,114 | 0 | 0 | $0 |
| Peter L Chang | CAO-Corporate Controller | Feb. 26, 2024 M | 16,522 | 0 | 0 | $0 |
| Deborah Mulryan | Vice President, Human Resource | Sept. 8, 2014 M | 4,496 | 0 | 0 | $0 |
| Jamie B Bader | Vice President, Group Executiv | July 25, 2013 M | 20,559 | 0 | 0 | $0 |
| David Clarke | Vice President | April 2, 2012 M | 933 | 0 | 0 | $0 |
| Anthony J Bellantuoni | Vice President, Corp Resources | March 31, 2011 A | 19,967 | 0 | 0 | $0 |
| Stephen Webb | Managing Director | July 23, 2010 A | 29,909 | 0 | 0 | $0 |
| Daniel J Lyne | Vice President | March 14, 2008 A | 119,460 | 0 | 0 | $0 |
| Nino Federico | Vice President | March 14, 2008 A | 128,420 | 0 | 0 | $0 |
| Robert Matthew Johnson | Director | Jan. 2, 2026 A | 2,143 | 0 | 0 | $0 |
| Mary Kay Ladone | Director | Jan. 2, 2026 A | 1,897 | 0 | 0 | $0 |
| Maxine Lum Mauricio | Director | Jan. 2, 2026 A | 4,548 | 0 | 0 | $0 |
| Thomas N Secor | Director | Jan. 2, 2026 A | 1,325 | 0 | 2 | $-179,273 |
| Darlene J. S. Solomon | Director | Jan. 2, 2026 A | 3,541 | 0 | 0 | $0 |
| Frank Anders Wilson | Director | Jan. 2, 2026 A | 3,947 | 0 | 0 | $0 |
| Lonny J Carpenter | Director | Jan. 2, 2026 M | 5,848 | 0 | 0 | $0 |
| Matthew Farrell | Director | Jan. 2, 2026 A | · | 0 | 0 | $0 |
| Barbara B. Hulit | Director | Jan. 2, 2025 A | 2,146 | 0 | 0 | $0 |
| Katherine Ann Owen | Director | July 3, 2024 M | 1,486 | 0 | 0 | $0 |
| Deborah Disanzo | Director | Jan. 3, 2022 A | 1,705 | 0 | 0 | $0 |
| Brian Douglas King | Director | Jan. 3, 2022 A | 2,205 | 0 | 0 | $0 |
| Ira J Lamel | Director | Jan. 3, 2022 A | 2,205 | 0 | 0 | $0 |
| Stephen W Bershad | Director | Jan. 4, 2021 A | 663,322 | 0 | 0 | $0 |
| Dominic A Romeo | Director | Jan. 2, 2020 A | 992 | 0 | 0 | $0 |
| Dennis J Fortino | Director | Jan. 1, 2018 A | · | 0 | 0 | $0 |
| Harry L Bosco | Director | Jan. 1, 2017 A | · | 0 | 0 | $0 |
| Peter K. Heiland | Director | Jan. 1, 2012 A | 1,694,863 | 0 | 0 | $0 |
| POND BYRON O | Director | Jan. 1, 2012 A | 60,222 | 0 | 0 | $0 |
| Eugene I Davis | Director | Jan. 1, 2012 A | · | 0 | 0 | $0 |
| Marina Hatsopoulos | Director | July 23, 2010 A | 25,205 | 0 | 0 | $0 |
| Garrett A Garrettson | Director | July 23, 2010 A | 24,929 | 0 | 0 | $0 |
| Phillip A Griffiths | Director | July 23, 2010 A | 30,458 | 0 | 0 | $0 |
| Benjamin J Virgilio | Director | July 23, 2010 A | 24,377 | 0 | 0 | $0 |
| Richard B Black | Director | July 23, 2010 M | 166,362 | 0 | 0 | $0 |
| Felix I Stukalin | · | July 11, 2008 M | 71,395 | 0 | 0 | $0 |
| Ray Sansouci | · | May 22, 2008 S | 77,440 | 0 | 0 | $0 |
| Stephen Kew | · | Feb. 15, 2008 D | 59,273 | 0 | 0 | $0 |
| Kurt A Pelsue | · | Aug. 22, 2007 M | 36,073 | 0 | 0 | $0 |
| Thomas R Swain | · | March 16, 2007 M | 0 | 0 | 0 | $0 |
| Linda Palmer | · | July 24, 2006 A | 43,600 | 0 | 0 | $0 |
| Charles D Winston | · | March 16, 2006 M | 5,408 | 0 | 0 | $0 |
| Paul F Ferrari | · | Sept. 21, 2004 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 57 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| CSMD · Professionally Managed Portfolios | 2.52% | 80,235 NS | July 31, 2026 | N-PORT |
| ROBO · EXCHANGE TRADED CONCEPTS TRUST | 1.62% | 226,062 NS | July 31, 2026 | N-PORT |
| HTEC · EXCHANGE TRADED CONCEPTS TRUST | 1.33% | 6,429 NS | July 31, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.53% | 1,338 NS | July 31, 2026 | N-PORT |
| RCGE · EA Series Trust | 0.45% | 3,139 NS | July 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.38% | 34,369 NS | July 31, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.35% | 38,838 SH | Aug. 19, 2026 | Daily |
| IWO · iShares Trust | 0.34% | 342,341 SH | Sept. 11, 2026 | Daily |
| MADE · iShares Trust | 0.25% | 1,016 SH | Sept. 11, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.24% | 9,825 NS | July 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.22% | 2,052 NS | July 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.22% | 1,336 NS | July 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.20% | 9,712 NS | July 31, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.18% | 16,209 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.18% | 208,809 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.17% | 924,474 SH | Sept. 11, 2026 | Daily |
| ISCG · iShares Trust | 0.17% | 11,286 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.17% | 17,376 NS | July 31, 2026 | N-PORT |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.17% | 4,757 SH | Oct. 2, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.16% | 471,426 SH | Aug. 19, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.16% | 57,465 SH | Aug. 19, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.14% | 3,915 NS | July 31, 2026 | N-PORT |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.14% | 16,515 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.13% | 23,850 SH | Oct. 2, 2026 | Daily |
| ESML · iShares Trust | 0.12% | 23,844 SH | Sept. 11, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.11% | 120,470 NS | July 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.11% | 523 NS | July 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.07% | 100,759 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.07% | 408,348 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.07% | 816,893 SH | Aug. 19, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.07% | 758,600 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.05% | 2,196 SH | Sept. 11, 2026 | Daily |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.04% | 3,697 SH | Oct. 2, 2026 | Daily |
| IGPT · Invesco Exchange-Traded Fund Trust | 0.04% | 4,115 SH | Oct. 1, 2026 | Daily |
| IGM · iShares Trust | 0.02% | 16,737 SH | Sept. 11, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.02% | 2,415 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 3,422 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 47,545 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 1,133,052 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 2,937 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 7,989 SH | Aug. 19, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.01% | 7,780 NS | July 31, 2026 | N-PORT |
| IUSV · iShares Trust | 0.01% | 16,571 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 1,296 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 10,825 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.01% | 10,090 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 46,883 SH | Sept. 11, 2026 | Daily |
| IUSG · iShares Trust | 0.01% | 14,925 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.00% | 112 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 1,595 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 29,247 SH | Aug. 19, 2026 | Daily |
| IJH · iShares Trust | · | 1,249,190 SH | Sept. 11, 2026 | Daily |
| IJK · iShares Trust | · | 96,824 SH | Sept. 11, 2026 | Daily |
| IJJ · iShares Trust | · | 96,155 SH | Aug. 21, 2026 | Daily |
| XJH · iShares Trust | · | 4,887 SH | Sept. 8, 2026 | Daily |
| ISCB · iShares Trust | · | 1,600 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 8,761 SH | Sept. 11, 2026 | Daily |
NOVT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 9 analysts
BUY
Median target
$194.50
+30.3%
4 44.4%
Strong Buy
4 44.4%
Buy
1 11.1%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-09-28Mean target $194.50 +30.3%
← Below all targets
Current price $149.27
Low$194.00
Mean$194.50
High$195.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NOVT | $4.24B | 80.9 | 3.3% | 5.5% | 5.2% | 44.4% |
| TDY | $23.89B | 27.4 | 7.9% | 14.6% | 8.6% | · |
| ZBRA | $12.04B | 29.7 | 8.3% | 7.8% | 11.6% | 48.0% |
| AEIS | $7.91B | 54.5 | 21.4% | 8.2% | 11.3% | 37.7% |
| CGNX | $6.01B | 52.9 | 8.7% | 11.5% | 7.6% | 66.9% |
| RAL | $5.75B | -4.7 | -4.0% | -59.1% | -52.3% | 50.3% |
| VNT | $5.29B | 13.5 | 3.2% | 13.2% | 35.4% | · |
| ITRI | $4.17B | 14.3 | -3.0% | 12.7% | 19.4% | 37.7% |
| BMI | $6.49B | 36.4 | 10.9% | 15.4% | 20.4% | 41.7% |
| MIR | · | 212.9 | 7.5% | 3.1% | 1.7% | 47.4% |
| OUST | $1.32B | -20.2 | 52.5% | -35.6% | -25.0% | 49.3% |
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
No open signal right now — no card is filled, and that's honest.
My Metrics Your personal watchlist — selected rows from Full Fundamentals
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Source: SEC 10-K filed Feb 23, 2026