• Novanta average pre-tax profit margin for 2023 was 9.88%, a 0.82% decline from 2022.
• Novanta average pre-tax profit margin for 2022 was 9.8%, a 25.32% increase from 2021.
• Novanta average pre-tax profit margin for 2021 was 7.82%, a 3.17% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.