Novanta Inc.NOVTNASDAQ
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R&D Expenses Over TimeStrong
Percentile Rank93
3Y CAGR+3.6%
5Y CAGR+9.4%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
+3.6%/yr
vs +13.9%/yr prior
5Y CAGR
+9.4%/yr
Recent deceleration
Acceleration
-10.2pp
Decelerating
Percentile
P93
Near historical high
vs 5Y Ago
1.6x
Solid growth
Streak
1 yr
Consecutive declineStrong
PeriodValueYoY Change
TTM$95.48M-0.0%
2024$95.52M+4.2%
2023$91.68M+6.9%
2022$85.77M+18.3%
2021$72.52M+18.9%
2020$61.00M+9.0%
2019$55.97M+9.7%
2018$51.02M+22.4%
2017$41.67M+30.2%
2016$32.00M-