NOVT vs. TDY: A Head-to-Head Stock Comparison
Updated onHere’s a clear look at NOVT and TDY, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Profile
| Symbol | NOVT | TDY |
|---|---|---|
| Company Name | Novanta Inc. | Teledyne Technologies Incorporated |
| Country | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry | Electronic Equipment, Instruments & Components | Electronic Equipment, Instruments & Components |
| Market Capitalization | 4.14 billion USD | 25.40 billion USD |
| Exchange | NasdaqGS | NYSE |
| Listing Date | March 24, 1999 | November 23, 1999 |
| Security Type | Common Stock | Common Stock |
Historical Performance
This chart compares the performance of NOVT and TDY 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 | NOVT | TDY |
|---|---|---|
| 5-Day Price Return | -2.56% | -0.02% |
| 13-Week Price Return | -10.92% | 9.01% |
| 26-Week Price Return | -21.33% | 8.52% |
| 52-Week Price Return | -36.44% | 29.18% |
| Month-to-Date Return | -6.40% | -1.67% |
| Year-to-Date Return | -24.63% | 16.74% |
| 10-Day Avg. Volume | 0.45M | 0.29M |
| 3-Month Avg. Volume | 0.30M | 0.37M |
| 3-Month Volatility | 37.38% | 15.14% |
| Beta | 1.55 | 1.12 |
Profitability
Return on Equity (TTM)
NOVT
8.02%
Electronic Equipment, Instruments & Components Industry
- Max
- 29.99%
- Q3
- 15.78%
- Median
- 9.05%
- Q1
- 5.63%
- Min
- -9.55%
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.
TDY
8.71%
Electronic Equipment, Instruments & Components Industry
- Max
- 29.99%
- Q3
- 15.78%
- Median
- 9.05%
- Q1
- 5.63%
- Min
- -9.55%
TDY’s Return on Equity of 8.71% 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)
NOVT
6.41%
Electronic Equipment, Instruments & Components Industry
- Max
- 25.55%
- Q3
- 12.80%
- Median
- 7.58%
- Q1
- 3.09%
- Min
- -8.70%
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.
TDY
14.54%
Electronic Equipment, Instruments & Components Industry
- Max
- 25.55%
- Q3
- 12.80%
- Median
- 7.58%
- Q1
- 3.09%
- Min
- -8.70%
A Net Profit Margin of 14.54% places TDY in the upper quartile for the Electronic Equipment, Instruments & Components industry, signifying strong profitability and more effective cost management than most of its peers.
Operating Profit Margin (TTM)
NOVT
11.14%
Electronic Equipment, Instruments & Components Industry
- Max
- 30.04%
- Q3
- 16.04%
- Median
- 9.75%
- Q1
- 4.27%
- Min
- -12.63%
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.
TDY
17.69%
Electronic Equipment, Instruments & Components Industry
- Max
- 30.04%
- Q3
- 16.04%
- Median
- 9.75%
- Q1
- 4.27%
- Min
- -12.63%
An Operating Profit Margin of 17.69% places TDY in the upper quartile for the Electronic Equipment, Instruments & Components industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.
Profitability at a Glance
| Symbol | NOVT | TDY |
|---|---|---|
| Return on Equity (TTM) | 8.02% | 8.71% |
| Return on Assets (TTM) | 4.30% | 5.83% |
| Net Profit Margin (TTM) | 6.41% | 14.54% |
| Operating Profit Margin (TTM) | 11.14% | 17.69% |
| Gross Profit Margin (TTM) | 44.79% | 42.75% |
Financial Strength
Current Ratio (MRQ)
NOVT
2.54
Electronic Equipment, Instruments & Components Industry
- Max
- 4.43
- Q3
- 2.88
- Median
- 2.05
- Q1
- 1.52
- Min
- 0.64
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.
TDY
1.66
Electronic Equipment, Instruments & Components Industry
- Max
- 4.43
- Q3
- 2.88
- Median
- 2.05
- Q1
- 1.52
- Min
- 0.64
TDY’s Current Ratio of 1.66 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)
NOVT
0.58
Electronic Equipment, Instruments & Components Industry
- Max
- 1.14
- Q3
- 0.54
- Median
- 0.34
- 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.
TDY
0.25
Electronic Equipment, Instruments & Components Industry
- Max
- 1.14
- Q3
- 0.54
- Median
- 0.34
- Q1
- 0.11
- Min
- 0.00
TDY’s Debt-to-Equity Ratio of 0.25 is typical for the Electronic Equipment, Instruments & Components industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.
Interest Coverage Ratio (TTM)
NOVT
3.54
Electronic Equipment, Instruments & Components Industry
- Max
- 101.00
- Q3
- 43.88
- Median
- 13.27
- Q1
- 3.73
- 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.
TDY
17.20
Electronic Equipment, Instruments & Components Industry
- Max
- 101.00
- Q3
- 43.88
- Median
- 13.27
- Q1
- 3.73
- Min
- -18.73
TDY’s Interest Coverage Ratio of 17.20 is positioned comfortably within the norm for the Electronic Equipment, Instruments & Components industry, indicating a standard and healthy capacity to cover its interest payments.
Financial Strength at a Glance
| Symbol | NOVT | TDY |
|---|---|---|
| Current Ratio (MRQ) | 2.54 | 1.66 |
| Quick Ratio (MRQ) | 1.49 | 0.94 |
| Debt-to-Equity Ratio (MRQ) | 0.58 | 0.25 |
| Interest Coverage Ratio (TTM) | 3.54 | 17.20 |
Growth
Revenue Growth
EPS Growth
Dividend
Dividend Yield (TTM)
NOVT
0.00%
Electronic Equipment, Instruments & Components Industry
- Max
- 4.86%
- 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.
TDY
0.00%
Electronic Equipment, Instruments & Components Industry
- Max
- 4.86%
- Q3
- 2.53%
- Median
- 1.28%
- Q1
- 0.16%
- Min
- 0.00%
TDY 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)
NOVT
0.00%
Electronic Equipment, Instruments & Components Industry
- Max
- 161.37%
- Q3
- 67.12%
- Median
- 34.46%
- Q1
- 3.82%
- 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.
TDY
0.00%
Electronic Equipment, Instruments & Components Industry
- Max
- 161.37%
- Q3
- 67.12%
- Median
- 34.46%
- Q1
- 3.82%
- Min
- 0.00%
TDY 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 | NOVT | TDY |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
Price-to-Earnings Ratio (TTM)
NOVT
68.11
Electronic Equipment, Instruments & Components Industry
- Max
- 73.87
- Q3
- 41.11
- Median
- 25.31
- Q1
- 18.58
- Min
- 8.59
A P/E Ratio of 68.11 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.
TDY
29.54
Electronic Equipment, Instruments & Components Industry
- Max
- 73.87
- Q3
- 41.11
- Median
- 25.31
- Q1
- 18.58
- Min
- 8.59
TDY’s P/E Ratio of 29.54 is within the middle range for the Electronic Equipment, Instruments & Components industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.
Price-to-Sales Ratio (TTM)
NOVT
4.37
Electronic Equipment, Instruments & Components Industry
- Max
- 6.74
- Q3
- 3.49
- Median
- 2.03
- Q1
- 1.16
- Min
- 0.11
NOVT’s P/S Ratio of 4.37 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.
TDY
4.29
Electronic Equipment, Instruments & Components Industry
- Max
- 6.74
- Q3
- 3.49
- Median
- 2.03
- Q1
- 1.16
- Min
- 0.11
TDY’s P/S Ratio of 4.29 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)
NOVT
5.83
Electronic Equipment, Instruments & Components Industry
- Max
- 6.45
- Q3
- 3.49
- Median
- 1.98
- Q1
- 1.31
- Min
- 0.35
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.
TDY
2.31
Electronic Equipment, Instruments & Components Industry
- Max
- 6.45
- Q3
- 3.49
- Median
- 1.98
- Q1
- 1.31
- Min
- 0.35
TDY’s P/B Ratio of 2.31 is within the conventional range for the Electronic Equipment, Instruments & Components industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.
Valuation at a Glance
| Symbol | NOVT | TDY |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 68.11 | 29.54 |
| Price-to-Sales Ratio (TTM) | 4.37 | 4.29 |
| Price-to-Book Ratio (MRQ) | 5.83 | 2.31 |
| Price-to-Free Cash Flow Ratio (TTM) | 35.46 | 26.63 |