Nova Ltd. Ordinary Shares (NVMI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.41	$2.51	+4.1%	—	$255M	—
Q1 26	$2.2	$2.33	+5.9%	—	$235.3M	—
Q4 25	$1.61	$1.87	+16.1%	—	$222.6M	—
Q3 25	$2.15	$2.16	+0.5%	—	$224.6M	—
Q2 25	$2.06	$2.2	+6.8%	—	$220M	—
Q1 25	$2.09	$2.18	+4.3%	—	$213.4M	—
Q4 24	$1.82	$1.94	+6.6%	—	$194.8M	—
Q3 24	$1.68	$1.74	+3.6%	—	$179M	—
Q2 24	$1.36	$1.61	+18.4%	—	$156.9M	—
Q1 24	$1.28	$1.39	+8.6%	—	$141.8M	—
Q4 23	$1.24	$1.36	+9.7%	—	$134.2M	—
Q3 23	$1.09	$1.23	+12.8%	—	$128.8M	—
Q2 23	$1	$1.06	+6.0%	—	$122.7M	—
Q1 23	$1.05	$1.23	+17.1%	—	$132.2M	—
Q4 22	$1.25	$1.28	+2.4%	—	$151.2M	—
Q3 22	$1.17	$1.24	+6.0%	—	$143.9M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$8.61	—	—	$880.6M	—
FY24	—	$6.31	—	—	$672.4M	—
FY23	—	$4.73	—	—	$517.9M	—
FY22	—	$4.89	—	—	$570.7M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$163.9M	$222M	$251.1M	$224.9M	$269.4M	$416.1M	$570.7M	$517.9M	$672.4M	$880.6M
YoY change	+10.4%	+35.4%	+13.1%	-10.4%	+19.8%	+54.5%	+37.2%	-9.25%	+29.8%	+31%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	163.9M	222M	251.1M	224.9M	269.4M	416.1M	570.7M	517.9M	672.4M	880.6M
Cost of revenue	88.6M	90.8M	105.9M	103.1M	118.2M	180.7M	253.8M	224.7M	285.3M	375.4M
Gross profit	75.3M	131.2M	145.2M	121.8M	151.2M	235.4M	317M	293.2M	387.1M	505.2M
Gross margin	45.9%	59.1%	57.8%	54.2%	56.1%	56.6%	55.5%	56.6%	57.6%	57.4%
Research & development	35M	39M	45.5M	44.5M	53M	65.9M	90.5M	88M	110.3M	143.4M
Selling, general & administrative	28.4M	32.7M	36.7M	38.3M	42.6M	57.2M	76.6M	72.9M	89.3M	108.3M
Operating expenses	63.4M	71.6M	82.2M	82.8M	95.6M	123.1M	167M	160.9M	199.5M	251.7M
Operating income	10.2M	57.8M	60.4M	36.4M	55.6M	112.4M	149.9M	132.3M	187.5M	253.5M
Operating margin	6.2%	26%	24.1%	16.2%	20.6%	27%	26.3%	25.5%	27.9%	28.8%
Non-operating income, net	—	554K	-281K	-1.4M	-2.2M	-948K	3.5M	1.3M	-4.2M	7.4M
Pretax income	11.4M	60.1M	63.4M	39.5M	56.5M	109.3M	158.4M	154.7M	216.3M	303.3M
Income tax	1.7M	13.6M	9.1M	4.3M	8.6M	16.2M	18.2M	18.4M	32.5M	44.1M
Net income	9.6M	46.5M	54.4M	35.2M	47.9M	93.1M	140.2M	136.3M	183.8M	259.2M
Net margin	5.88%	20.9%	21.7%	15.6%	17.8%	22.4%	24.6%	26.3%	27.3%	29.4%
EBITDA	16.8M	63.4M	71.4M	48.9M	67.9M	123.4M	170.9M	170.9M	209.1M	268.4M
EPS	0.35	1.68	1.94	1.26	1.71	3.28	4.89	4.73	6.31	8.61
Diluted EPS	0.35	1.63	1.89	1.23	1.65	3.12	4.4	4.28	5.75	7.96

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	128.8M	134.2M	141.8M	156.9M	179M	194.8M	213.4M	220M	224.6M	222.6M	235.3M	255M
Cost of revenue	56.6M	60.2M	58.5M	64.3M	77.6M	84.8M	91.1M	92.7M	97.2M	94.4M	99.6M	110.8M
Gross profit	72.2M	74M	83.3M	92.6M	101.3M	109.9M	122.3M	127.2M	127.4M	128.2M	135.7M	144.2M
Gross margin	56.1%	55.1%	58.7%	59%	56.6%	56.4%	57.3%	57.8%	56.7%	57.6%	57.7%	56.5%
Research & development	21.4M	21.3M	24.8M	25.5M	29.1M	30.9M	33.2M	35.4M	36.7M	38M	37.1M	39.3M
Selling, general & administrative	16.7M	19.1M	21.3M	21.4M	23M	23.6M	25.8M	26.2M	26.8M	29.5M	27.8M	28.7M
Operating expenses	38.1M	40.4M	46M	46.9M	52.1M	54.5M	59.1M	61.6M	63.6M	67.5M	64.9M	68M
Operating income	34.1M	33.7M	37.2M	45.6M	49.2M	55.5M	63.2M	—	—	—	70.8M	76.2M
Operating margin	26.5%	25.1%	26.2%	29.1%	27.5%	28.5%	29.6%	—	—	—	30.1%	29.9%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	38.9M	40.9M	43.2M	53.6M	60.3M	59.2M	76.2M	80.8M	73.4M	72.9M	83.9M	89.1M
Income tax	5.3M	2.9M	6.4M	8.4M	9M	8.7M	11.3M	12.5M	12M	8.2M	14.6M	14.1M
Net income	33.7M	38.1M	36.9M	45.1M	51.3M	50.5M	64.8M	68.3M	61.4M	64.7M	69.3M	75M
Net margin	26.2%	28.4%	26%	28.8%	28.7%	25.9%	30.4%	31%	27.3%	29.1%	29.4%	29.4%
EBITDA	38.4M	61.6M	41.6M	50M	53.6M	59.8M	68.1M	71.1M	69.5M	67M	76.6M	82.2M
EPS	1.17	1.31	1.27	1.55	1.76	1.72	2.22	2.32	2.05	2.09	2.18	2.36
Diluted EPS	1.06	1.2	1.15	1.41	1.6	1.58	2.03	2.14	1.9	1.94	2.04	2.2

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	357.6M	717.6M	638.3M	1.1B	2B	4.2B	2.3B	4B	5.7B	9.9B	11.8B
Enterprise value	266.7M	568.5M	462.5M	902.3M	1.8B	4B	2.2B	3.8B	5.4B	9.6B	11.5B
Shares outstanding	27.2M	27.7M	28M	27.9M	28.1M	28.4M	28.7M	28.8M	29.1M	30.1M	30.1M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	37.1	15.4	11.7	30	41.4	44.6	16.7	29.1	31.2	38.1	46.2
P/S	2.18	3.23	2.54	4.69	7.36	9.99	4.11	7.65	8.53	11.2	12.6
P/B	2.05	3.16	2.27	3.35	5.34	8.77	3.99	5.28	6.18	7.5	8.06
EV/EBITDA	15.9	8.96	6.48	18.4	26.1	32.2	13	22	25.7	35.9	38.8
EV/Sales	1.63	2.56	1.84	4.01	6.59	9.53	3.88	7.26	8.01	10.9	12.3
Earnings yield	2.7%	6.47%	8.52%	3.33%	2.42%	2.24%	5.98%	3.44%	3.2%	2.62%	2.16%
FCF yield	-2.04%	7.74%	5.24%	1.84%	2.71%	3.07%	4.19%	2.68%	3.8%	2.2%	0.96%
PEG	—	—	—	—	—	—	—	—	—	—	26.8

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	45.9%	59.1%	57.8%	54.2%	56.1%	56.6%	55.5%	56.6%	57.6%	57.4%	56.5%
Operating margin	6.2%	26%	24.1%	16.2%	20.6%	27%	26.3%	25.5%	27.9%	28.8%	29.9%
Net margin	5.88%	20.9%	21.7%	15.6%	17.8%	22.4%	24.6%	26.3%	27.3%	29.4%	28.8%
ROE	5.52%	20.5%	19.4%	11.2%	12.9%	19.7%	23.9%	18.2%	19.8%	19.7%	21.1%
ROA	4.41%	16.4%	16.3%	8.78%	7.31%	11.6%	14.2%	12%	13.2%	11%	8.47%
ROIC	10.3%	57.6%	49.4%	20.1%	29.1%	33.7%	28.9%	21.1%	27.6%	20.3%	20.3%
Return on tangible assets	6.53%	21.4%	19.9%	10.2%	7.91%	12.3%	17.6%	14.3%	14.9%	12.4%	12.1%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	4.3	4.45	5.86	6.55	9.17	1.97	4.57	2.2	2.32	6.28	1.55
Quick ratio	3.55	3.78	4.99	5.51	8.16	1.69	3.7	1.77	1.92	5.47	1.35
Debt / equity	—	—	0	0.11	0.58	0.47	0.42	0.33	0.25	0.61	0.55
Debt / assets	—	—	0	0.08	0.33	0.27	0.25	0.22	0.17	0.34	0.32
Net debt / EBITDA	—	—	-2.46	-3.13	-3.08	-1.53	-0.75	-1.17	-1.68	-0.93	-0.74
Interest coverage	—	516.2	—	—	66.1	26.8	124.6	121.5	—	—	—
Effective tax rate	15.3%	22.7%	14.3%	10.9%	15.2%	14.8%	11.5%	11.9%	15%	14.5%	15.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	6.03	8.02	8.96	8.06	9.59	14.7	19.9	18	23.1	29.2	29.9
EPS (basic)	0.35	1.68	1.94	1.26	1.71	3.28	4.89	4.73	6.31	8.61	8.61
EPS (diluted)	0.35	1.63	1.89	1.23	1.65	3.12	4.4	4.28	5.75	7.96	8.03
Book value per share	6.43	8.19	10	11.3	13.2	16.7	20.5	26	31.9	43.8	46.1
FCF per share	-0.27	2	1.19	0.7	1.92	4.49	3.42	3.69	7.49	7.24	5.51
Cash per share	3.35	5.38	6.27	6.68	15.1	14.5	13	15.4	20.1	34.8	32.1
Capex per share	0.12	0.23	0.13	0.76	0.23	0.17	0.74	0.6	0.59	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.91%	2.84%	1.46%	9.46%	2.39%	1.16%	3.73%	3.32%	2.56%	—	—
Capex / operating cash flow	-71.5%	10.2%	10.2%	51.9%	10.5%	3.67%	18.8%	13.8%	7.19%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$128.8M	$134.2M	$141.8M	$156.9M	$179M	$194.8M	$213.4M	$220M	$224.6M	$222.6M	$235.3M	$255M
YoY change	-10.5%	-11.3%	+7.27%	+27.8%	+38.9%	+45.1%	+50.5%	+40.2%	+25.5%	+14.3%	+10.3%	+15.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	91M	149.1M	175.8M	186.3M	423.9M	410.2M	373.5M	443.7M	586.6M	1B
Receivables	42.6M	40.9M	53.5M	51.6M	63.3M	68.4M	109.3M	111.3M	139.3M	151.9M
Inventory	29.3M	34.9M	41.8M	48.4M	61.7M	78.7M	116.6M	138.2M	156.6M	183.7M
Total current assets	167.7M	231.9M	281.6M	302.9M	558.7M	566.5M	612.9M	710.2M	901.9M	1.4B
Property, plant & equipment	10M	13.9M	13.8M	58.8M	63.3M	65.1M	100.8M	108.7M	132.9M	160.4M
Goodwill & intangibles	71M	65.8M	60.6M	55.4M	50.3M	45.4M	185.2M	178.5M	159.6M	273.3M
Total assets	218.6M	283.3M	333.4M	400.4M	655.8M	805.2M	984.1M	1.1B	1.4B	2.4B
Accounts payable	16.5M	15.8M	19M	20.7M	24.1M	36.2M	42.7M	35.2M	59.6M	47M
Short-term debt	—	—	—	2.8M	3.7M	187.5M	6M	204.4M	187.7M	8.2M
Total current liabilities	39M	52.1M	48.1M	46.2M	60.9M	287.9M	134.1M	322.8M	388.2M	224.5M
Long-term debt	—	—	0	30.5M	210.7M	33.5M	240.1M	39.8M	48.4M	791M
Total liabilities	43.9M	56.5M	52.7M	85.9M	284.2M	331.4M	397.1M	383.1M	462.6M	1B
Shareholders' equity	174.7M	226.7M	280.7M	314.5M	371.5M	473.8M	587M	750.8M	927.8M	1.3B
Total debt	—	—	0	33.3M	214.4M	220.9M	246.1M	244.1M	236.1M	799.2M
Net debt	—	—	-22.9M	1.6M	-17.9M	94.2M	134.9M	136.6M	78.3M	584.7M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	473.9M	443.7M	495.5M	537.8M	601.1M	586.6M	541.8M	556.8M	1.1B	1B	1.1B	1B
Receivables	91.9M	111.3M	99.4M	93.6M	114.4M	139.3M	126.9M	138.4M	144.9M	151.9M	176.9M	210.3M
Inventory	141.2M	138.2M	148.4M	156.7M	161.7M	156.6M	174.8M	182M	183.1M	183.7M	178.8M	185.3M
Total current assets	724.8M	710.2M	763.5M	802.6M	895.9M	901.9M	875.7M	901.4M	1.4B	1.4B	1.5B	1.5B
Property, plant & equipment	103.8M	108.7M	107.7M	106.8M	108.3M	132.9M	139.8M	144.5M	150M	160.4M	158.6M	155.5M
Goodwill & intangibles	175.7M	178.5M	172.5M	168.2M	171.2M	159.6M	267.7M	282.3M	277.8M	273.3M	263.7M	257.4M
Total assets	1.1B	1.1B	1.2B	1.2B	1.3B	1.4B	1.5B	1.5B	2.3B	2.4B	2.4B	2.5B
Accounts payable	26.3M	35.2M	38.8M	41M	46.9M	59.6M	55.2M	53.6M	55M	47M	54.1M	66.8M
Short-term debt	202.9M	204.4M	204.6M	204.7M	205.1M	187.7M	188.1M	156.9M	98.1M	8.2M	742.1M	743.7M
Total current liabilities	322.2M	322.8M	338.3M	346.4M	367.6M	388.2M	401.8M	351M	315.5M	224.5M	943.9M	936.6M
Long-term debt	38.8M	39.8M	38.2M	36.5M	36.2M	48.4M	47.7M	52.3M	785.6M	791M	58M	59.8M
Total liabilities	383.4M	383.1M	397.8M	404.4M	426.1M	462.6M	481.7M	437.2M	1.1B	1B	1B	1B
Shareholders' equity	700.8M	750.8M	791.8M	842.6M	907.3M	927.8M	982.1M	1.1B	1.2B	1.3B	1.4B	1.5B
Total debt	241.7M	244.1M	242.9M	241.3M	241.3M	236.1M	235.7M	209.2M	883.7M	799.2M	800.2M	803.5M
Net debt	125.2M	136.6M	124.8M	110.9M	87.4M	78.3M	94.7M	48.7M	362.1M	584.7M	378.4M	678.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	9.6M	46.5M	54.4M	35.2M	47.9M	93.1M	140.2M	136.3M	183.8M	259.2M
Depreciation & amortization	6.6M	6.2M	7.7M	8M	8.4M	8.9M	14.7M	16.2M	17.4M	22.4M
Stock-based compensation	2.7M	2.8M	4.3M	5.1M	6.9M	10.5M	16.6M	18.3M	25.2M	26.3M
Change in working capital	-23.4M	6.4M	-28.4M	-6.7M	-2.4M	17.6M	-45.8M	-40.9M	11.7M	-40.3M
Operating cash flow	-4.4M	61.8M	36.1M	40.9M	61.5M	131.4M	113.3M	125M	239.4M	245.6M
Capital expenditure	-3.1M	-6.3M	-3.7M	-21.3M	-6.4M	-4.8M	-21.3M	-17.2M	-17.2M	—
Investing cash flow	-4.4M	-57.1M	-36.7M	-25.4M	-42.5M	-238.5M	-100.3M	-125.3M	-136.4M	-809.5M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-937K	0	-4.8M	-7.2M	-12.5M	0	-21.4M	-112K	-30M	-35M
Financing cash flow	-937K	0	-4.8M	-7.2M	181M	0	-29.9M	-112K	-48.5M	642.2M
Net change in cash	-9.7M	4.7M	-5.4M	8.3M	200.1M	-107.1M	-16.8M	-477K	54.5M	78.3M
Free cash flow	-7.3M	55.5M	33.4M	19.4M	53.8M	127.4M	98.2M	106.3M	218.1M	217.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	33.7M	38.1M	36.9M	45.1M	51.3M	50.5M	64.8M	68.3M	61.4M	64.7M	69.3M	75M
Depreciation & amortization	4.2M	4.2M	4.4M	4.4M	4.4M	4.3M	4.9M	5.5M	5.7M	6.3M	5.8M	6M
Stock-based compensation	4.6M	5.7M	6.4M	6.3M	6.2M	6.3M	6.4M	6.3M	6.7M	7M	7.3M	6.8M
Change in working capital	3.9M	-14.8M	11.9M	6.9M	-7.8M	4.9M	-2.4M	-16.3M	4.1M	-25.7M	-42.1M	-47.4M
Operating cash flow	45M	33.3M	59.8M	61.5M	51.8M	66.3M	74M	60.4M	74.8M	53.3M	40.1M	40.9M
Capital expenditure	-3.6M	-7.6M	-2.8M	-2.4M	-3.9M	-8.1M	-8.9M	—	—	—	—	—
Investing cash flow	-58.4M	-38.5M	-48.9M	-48.1M	-24.2M	-15.2M	-66M	-25.9M	-387.9M	-338.4M	171.8M	-335.5M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	0	0	0	-30M	-20M	0	0	-15M	0	0
Financing cash flow	0	0	0	0	0	-30M	-20M	0	680.4M	-18.2M	0	0
Net change in cash	-13.4M	-5.2M	10.9M	13.4M	27.6M	21.1M	-12.1M	34.5M	367.3M	-303.4M	211.8M	-294.6M
Free cash flow	43.1M	22M	56.7M	57.9M	43.1M	60.4M	59.7M	42.9M	66.9M	48.4M	36M	38.4M

Nova Ltd. Ordinary Shares Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement