GRMN vs. NOVT: A Head-to-Head Stock Comparison
Updated onHere’s a clear look at GRMN and NOVT, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Profile
| Symbol | GRMN | NOVT |
|---|---|---|
| Company Name | Garmin Ltd. | Novanta Inc. |
| Country | Switzerland | United States |
| GICS Sector | Consumer Discretionary | Information Technology |
| GICS Industry | Household Durables | Electronic Equipment, Instruments & Components |
| Market Capitalization | 49.12 billion USD | 3.63 billion USD |
| Exchange | NYSE | NasdaqGS |
| Listing Date | December 8, 2000 | March 24, 1999 |
| Security Type | Common Stock | Common Stock |
Historical Performance
This chart compares the performance of GRMN and NOVT by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.
Historical Performance at a Glance
| Symbol | GRMN | NOVT |
|---|---|---|
| 5-Day Price Return | 4.14% | -4.92% |
| 13-Week Price Return | 17.97% | -22.32% |
| 26-Week Price Return | 13.55% | -25.92% |
| 52-Week Price Return | 41.51% | -43.25% |
| Month-to-Date Return | 1.82% | -13.97% |
| Year-to-Date Return | 19.37% | -34.44% |
| 10-Day Avg. Volume | 0.90M | 0.47M |
| 3-Month Avg. Volume | 0.86M | 0.32M |
| 3-Month Volatility | 24.61% | 40.20% |
| Beta | 1.05 | 1.54 |
Profitability
Return on Equity (TTM)
GRMN
19.82%
Household Durables Industry
- Max
- 27.70%
- Q3
- 17.40%
- Median
- 12.87%
- Q1
- 7.33%
- Min
- -5.50%
In the upper quartile for the Household Durables industry, GRMN’s Return on Equity of 19.82% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.
NOVT
8.02%
Electronic Equipment, Instruments & Components Industry
- Max
- 21.57%
- Q3
- 13.27%
- Median
- 8.55%
- Q1
- 4.42%
- Min
- -4.21%
NOVT’s Return on Equity of 8.02% is on par with the norm for the Electronic Equipment, Instruments & Components industry, indicating its profitability relative to shareholder equity is typical for the sector.
Net Profit Margin (TTM)
GRMN
23.21%
Household Durables Industry
- Max
- 16.37%
- Q3
- 9.18%
- Median
- 6.63%
- Q1
- 3.85%
- Min
- -3.29%
GRMN’s Net Profit Margin of 23.21% is exceptionally high, placing it well beyond the typical range for the Household Durables industry. This demonstrates outstanding operational efficiency and a strong competitive advantage in converting revenue into profit.
NOVT
6.41%
Electronic Equipment, Instruments & Components Industry
- Max
- 17.31%
- Q3
- 10.85%
- Median
- 7.26%
- Q1
- 3.13%
- Min
- -3.00%
NOVT’s Net Profit Margin of 6.41% is aligned with the median group of its peers in the Electronic Equipment, Instruments & Components industry. This indicates its ability to convert revenue into profit is typical for the sector.
Operating Profit Margin (TTM)
GRMN
26.02%
Household Durables Industry
- Max
- 21.32%
- Q3
- 12.25%
- Median
- 9.93%
- Q1
- 5.57%
- Min
- -1.07%
GRMN’s Operating Profit Margin of 26.02% is exceptionally high, placing it well above the typical range for the Household Durables industry. This demonstrates outstanding efficiency in managing its core operations, which can be a result of strong pricing power or superior cost control.
NOVT
11.14%
Electronic Equipment, Instruments & Components Industry
- Max
- 30.04%
- Q3
- 15.08%
- Median
- 9.55%
- Q1
- 4.27%
- Min
- -3.83%
NOVT’s Operating Profit Margin of 11.14% is around the midpoint for the Electronic Equipment, Instruments & Components industry, indicating that its efficiency in managing core business operations is typical for the sector.
Profitability at a Glance
| Symbol | GRMN | NOVT |
|---|---|---|
| Return on Equity (TTM) | 19.82% | 8.02% |
| Return on Assets (TTM) | 16.05% | 4.30% |
| Net Profit Margin (TTM) | 23.21% | 6.41% |
| Operating Profit Margin (TTM) | 26.02% | 11.14% |
| Gross Profit Margin (TTM) | 58.94% | 44.79% |
Financial Strength
Current Ratio (MRQ)
GRMN
3.01
Household Durables Industry
- Max
- 6.09
- Q3
- 3.79
- Median
- 2.54
- Q1
- 1.23
- Min
- 0.83
GRMN’s Current Ratio of 3.01 aligns with the median group of the Household Durables industry, indicating that its short-term liquidity is in line with its sector peers.
NOVT
2.54
Electronic Equipment, Instruments & Components Industry
- Max
- 4.57
- Q3
- 2.85
- Median
- 2.03
- Q1
- 1.51
- Min
- 0.62
NOVT’s Current Ratio of 2.54 aligns with the median group of the Electronic Equipment, Instruments & Components industry, indicating that its short-term liquidity is in line with its sector peers.
Debt-to-Equity Ratio (MRQ)
GRMN
0.00
Household Durables Industry
- Max
- 1.89
- Q3
- 0.87
- Median
- 0.34
- Q1
- 0.19
- Min
- 0.00
Falling into the lower quartile for the Household Durables industry, GRMN’s Debt-to-Equity Ratio of 0.00 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.
NOVT
0.58
Electronic Equipment, Instruments & Components Industry
- Max
- 1.14
- Q3
- 0.54
- Median
- 0.30
- Q1
- 0.11
- Min
- 0.00
NOVT’s leverage is in the upper quartile of the Electronic Equipment, Instruments & Components industry, with a Debt-to-Equity Ratio of 0.58. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.
Interest Coverage Ratio (TTM)
GRMN
73.26
Household Durables Industry
- Max
- 140.40
- Q3
- 77.14
- Median
- 24.53
- Q1
- 5.69
- Min
- -17.01
GRMN’s Interest Coverage Ratio of 73.26 is positioned comfortably within the norm for the Household Durables industry, indicating a standard and healthy capacity to cover its interest payments.
NOVT
3.54
Electronic Equipment, Instruments & Components Industry
- Max
- 79.05
- Q3
- 36.62
- Median
- 12.51
- Q1
- 3.72
- Min
- -18.73
In the lower quartile for the Electronic Equipment, Instruments & Components industry, NOVT’s Interest Coverage Ratio of 3.54 indicates a tighter cushion for servicing debt, suggesting less financial flexibility than many of its competitors.
Financial Strength at a Glance
| Symbol | GRMN | NOVT |
|---|---|---|
| Current Ratio (MRQ) | 3.01 | 2.54 |
| Quick Ratio (MRQ) | 1.88 | 1.49 |
| Debt-to-Equity Ratio (MRQ) | 0.00 | 0.58 |
| Interest Coverage Ratio (TTM) | 73.26 | 3.54 |
Growth
Revenue Growth
EPS Growth
Dividend
Dividend Yield (TTM)
GRMN
1.24%
Household Durables Industry
- Max
- 9.61%
- Q3
- 3.97%
- Median
- 2.00%
- Q1
- 0.18%
- Min
- 0.00%
GRMN’s Dividend Yield of 1.24% is consistent with its peers in the Household Durables industry, providing a dividend return that is standard for its sector.
NOVT
0.00%
Electronic Equipment, Instruments & Components Industry
- Max
- 5.36%
- Q3
- 2.53%
- Median
- 1.28%
- Q1
- 0.16%
- Min
- 0.00%
NOVT currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.
Dividend Payout Ratio (TTM)
GRMN
38.63%
Household Durables Industry
- Max
- 129.55%
- Q3
- 65.55%
- Median
- 42.15%
- Q1
- 6.45%
- Min
- 0.00%
GRMN’s Dividend Payout Ratio of 38.63% is within the typical range for the Household Durables industry, suggesting a balanced approach between shareholder payouts and company reinvestment.
NOVT
0.00%
Electronic Equipment, Instruments & Components Industry
- Max
- 218.94%
- Q3
- 90.25%
- Median
- 38.81%
- Q1
- 3.69%
- Min
- 0.00%
NOVT has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.
Dividend at a Glance
| Symbol | GRMN | NOVT |
|---|---|---|
| Dividend Yield (TTM) | 1.24% | 0.00% |
| Dividend Payout Ratio (TTM) | 38.63% | 0.00% |
Valuation
Price-to-Earnings Ratio (TTM)
GRMN
31.22
Household Durables Industry
- Max
- 33.67
- Q3
- 19.33
- Median
- 12.58
- Q1
- 9.62
- Min
- 6.48
A P/E Ratio of 31.22 places GRMN in the upper quartile for the Household Durables industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.
NOVT
59.03
Electronic Equipment, Instruments & Components Industry
- Max
- 74.74
- Q3
- 42.40
- Median
- 26.55
- Q1
- 20.05
- Min
- 10.12
A P/E Ratio of 59.03 places NOVT in the upper quartile for the Electronic Equipment, Instruments & Components industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.
Price-to-Sales Ratio (TTM)
GRMN
7.25
Household Durables Industry
- Max
- 2.54
- Q3
- 1.39
- Median
- 0.90
- Q1
- 0.54
- Min
- 0.19
With a P/S Ratio of 7.25, GRMN trades at a valuation that eclipses even the highest in the Household Durables industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.
NOVT
3.79
Electronic Equipment, Instruments & Components Industry
- Max
- 6.79
- Q3
- 3.58
- Median
- 2.05
- Q1
- 1.29
- Min
- 0.20
NOVT’s P/S Ratio of 3.79 is in the upper echelon for the Electronic Equipment, Instruments & Components industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.
Price-to-Book Ratio (MRQ)
GRMN
4.95
Household Durables Industry
- Max
- 3.26
- Q3
- 2.01
- Median
- 1.38
- Q1
- 1.00
- Min
- 0.58
At 4.95, GRMN’s P/B Ratio is at an extreme premium to the Household Durables industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.
NOVT
5.83
Electronic Equipment, Instruments & Components Industry
- Max
- 6.92
- Q3
- 3.80
- Median
- 2.23
- Q1
- 1.42
- Min
- 0.44
NOVT’s P/B Ratio of 5.83 is in the upper tier for the Electronic Equipment, Instruments & Components industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.
Valuation at a Glance
| Symbol | GRMN | NOVT |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 31.22 | 59.03 |
| Price-to-Sales Ratio (TTM) | 7.25 | 3.79 |
| Price-to-Book Ratio (MRQ) | 4.95 | 5.83 |
| Price-to-Free Cash Flow Ratio (TTM) | 43.46 | 30.73 |