NovantaMEX:NOVTN 81 FCF Margin % is 18.42% as of Mar. 2026, which is 78% above its 10-year median of 10.33. GuruFocus rates MEX:NOVTN with a GF Score™ of 81/100 and a GF Value™ of MXN2,746.60 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,468 Hardware companies, Novanta ranks better than 73.06% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Novanta's Free Cash Flow for the
three
months ended in Mar. 2026 was MXN856 Mil. Novanta's Revenue for the
three
months ended in Mar. 2026 was MXN4,647 Mil. Therefore, Novanta's FCF Margin % for the quarter that ended in Mar. 2026 was 18.42%.
The historical rank and industry rank for Novanta's FCF Margin % or its related term are showing as below:
MEX:NOVTN'
s FCF Margin % Range Over the Past 10 Years
Min: 4.94 Med: 10.33 Max: 21.52
Current: 6.71
During the past 13 years, the highest FCF Margin % of Novanta was 21.52%. The lowest was 4.94%. And the median was 10.33%.
MEX:NOVTN's FCF Margin % is ranked better than 73.06% of 2468
companies
in the Hardware industry
Industry Median: 0.63
vs MEX:NOVTN: 6.71
Novanta FCF Margin % Related Terms
Novanta FCF Margin % Historical Data
* Premium members only.
The historical data trend for Novanta's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:NOVTN vs ST, VNT, ESE: FCF Margin % Comparison
For the Scientific & Technical Instruments subindustry, Novanta's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Novanta FCF Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Novanta's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Novanta's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Novanta (MEX:NOVTN) has a FCF Margin % of 18.42% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Novanta and its competitors. This is 78% above median its historical median of 10.33. Over the past decade, Novanta's FCF Margin % has ranged from 4.94 to 21.52. According to the industry distribution chart, Novanta ranks #665 out of 2468 companies in the Hardware industry, placing it in the top 26.9%.
Is Novanta's FCF Margin % too high?
Novanta's current FCF Margin % of 18.42% is 78% above median its 10-year median of 10.33. Over the past 10 years, this metric has ranged from a low of 4.94 to a high of 21.52. The Hardware industry median FCF Margin % is 0.63. Novanta's value of 18.42% is 2823.8% above this industry median. Based on the distribution chart, Novanta ranks #665 out of 2468 companies in the Hardware industry, which is above the industry midpoint. Overall, Novanta has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Novanta's FCF Margin % compare to ST and VNT?
According to the Hardware industry distribution chart, Novanta ranks #665 out of 2468 companies for FCF Margin %. This puts Novanta in the upper half of its industry. The industry median FCF Margin % is 0.63. Novanta's value of 18.42% is 2823.8% above this benchmark. Historically, Novanta's own FCF Margin % has ranged from 4.94 to 21.52 over the past decade. While the company's 10-year median is 10.33 vs. the industry median of 0.63, Novanta has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Hardware company?
The median FCF Margin % among Hardware companies is 0.63, based on 2,468 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Novanta's current FCF Margin % of 18.42% is 2823.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Novanta and its competitors. For the Hardware industry, the median FCF Margin % is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novanta's current FCF Margin % is 18.42%, which is 78% above median its own 10-year median of 10.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novanta stock overvalued right now?
Based on GuruFocus' analysis, Novanta (MEX:NOVTN) is currently considered Fairly Valued. The stock's GF Value™ is MXN2,746.60, compared to a current price of MXN2,717.80 — trading 1% below its estimated fair value. The current FCF Margin % is 18.42%, which is 78% above median its 10-year median of 10.33 and 2823.8% above the Hardware industry median of 0.63. Novanta's overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Novanta (MEX:NOVTN), the current FCF Margin % is 18.42% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Novanta (MEX:NOVTN) Overvalued in 2026?
Based on GuruFocus' analysis, Novanta stock appears to be undervalued.
The current stock price of MXN2,717.80 is trading 1% below its estimated GF Value™ of MXN2,746.60.
GuruFocus considers Novanta to be Fairly Valued.
Key valuation signals for MEX:NOVTN:
FCF Margin %: 18.42% (78% above median its 10-year median of 10.33)
GF Value™: MXN2,746.60 vs. price of MXN2,717.80 (1% below fair value)
Industry Position: 2823.8% above the Hardware median (#665 of 2468)
No single metric tells the full story. See the MEX:NOVTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novanta Inc supplies core technology solutions to medical, life science, and advanced industrial OEMs, leveraging proprietary expertise in precision medicine, precision manufacturing, robotics and automation, and advanced surgery. It has two segments: Automation Enabling Technologies and Medical Solutions. Automation Enabling Technologies, which generates the majority of revenue, provides laser beam steering and scanning solutions, laser sources, and robotic and precision motion technologies. The Medical Solutions segment provides medical-grade technologies, including medical insufflators, endoscopic pumps, and integrated operating room technologies. The company operates in the United States, Germany, and other markets, with revenue generated from the United States.
81GF Score
Get the complete analysis for MEX:NOVTN
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:NOVTN has been successfully added to your 
