NASDAQ : NVMI
Nova Ltd. — Financial statements
Technology · Semiconductor Equipment & Materials · Israel
Last price 334.59 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 10.63B
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Financial statements
Nova Ltd. (NVMI) reported revenue of 937.50M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 937.50M | 880.58M | 672.40M | 517.92M | 570.73M | 416.11M |
| Cost of Revenue | 402.00M | 375.38M | 285.31M | 224.75M | 253.76M | 180.67M |
| Gross Profit | 535.50M | 505.20M | 387.09M | 293.18M | 316.97M | 235.44M |
| Selling, General & Admin | 111.97M | 107.48M | 88.37M | 72.87M | 76.58M | 57.20M |
| Research & Development | 151.05M | 143.39M | 110.26M | 88.04M | 90.46M | 65.86M |
| Operating Expenses | 263.03M | 250.87M | 198.63M | 160.91M | 167.04M | 123.06M |
| Operating Income | 272.47M | 254.33M | 188.46M | 132.26M | 149.93M | 112.39M |
| Interest Expense | -2.00M | -2.00M | -1.28M | -1.28M | -1.28M | -4.23M |
| Interest & Investment Income | 43.53M | 45.67M | 34.55M | 22.64M | 6.48M | 2.19M |
| Currency Exchange Gain (Loss) | 7.44M | 7.44M | -4.19M | 1.30M | 3.47M | -948.00K |
| Other Non Operating Income (Expenses) | -1.30M | -1.30M | -334.00K | -226.00K | -187.00K | -150.00K |
| EBT Excluding Unusual Items | 320.14M | 304.14M | 217.20M | 154.70M | 158.41M | 109.25M |
| Merger & Restructuring Charges | -859.00K | -859.00K | -917.00K | |||
| Pretax Income | 319.29M | 303.29M | 216.29M | 154.70M | 158.41M | 109.25M |
| Income Tax Expense | 48.91M | 44.06M | 32.52M | 18.39M | 18.20M | 16.15M |
| Net Income | 270.38M | 259.22M | 183.76M | 136.31M | 140.21M | 93.10M |
| Net Income to Common | 270.38M | 259.22M | 183.76M | 136.31M | 140.21M | 93.10M |
| Shares Outstanding (Basic) | 31.36M | 30.11M | 29.11M | 28.83M | 28.70M | 28.37M |
| Shares Outstanding (Diluted) | 34.02M | 32.80M | 32.14M | 32.09M | 31.87M | 29.82M |
| EPS (Basic) | 8.62 | 8.61 | 6.31 | 4.73 | 4.89 | 3.28 |
| EPS (Diluted) | 8.04 | 7.96 | 5.75 | 4.28 | 4.43 | 3.12 |
| Free Cash Flow | 189.75M | 217.91M | 218.05M | 106.34M | 98.22M | 127.45M |
| Free Cash Flow Per Share | 5.58 | 6.64 | 6.79 | 3.31 | 3.08 | 4.27 |
| Gross Margin | 57.12% | 57.37% | 57.57% | 56.61% | 55.54% | 56.58% |
| Operating Margin | 29.06% | 28.88% | 28.03% | 25.54% | 26.27% | 27.01% |
| Profit Margin | 28.84% | 29.44% | 27.33% | 26.32% | 24.57% | 22.37% |
| Free Cash Flow Margin | 20.24% | 24.75% | 32.43% | 20.53% | 17.21% | 30.63% |
| EBITDA | 296.26M | 276.69M | 205.84M | 148.46M | 164.59M | 121.32M |
| EBITDA Margin | 31.60% | 31.42% | 30.61% | 28.67% | 28.84% | 29.15% |
| D&A For EBITDA | 23.79M | 22.37M | 17.38M | 16.20M | 14.65M | 8.93M |
| EBIT | 272.47M | 254.33M | 188.46M | 132.26M | 149.93M | 112.39M |
| EBIT Margin | 29.06% | 28.88% | 28.03% | 25.54% | 26.27% | 27.01% |
| Effective Tax Rate | 15.32% | 14.53% | 15.04% | 11.89% | 11.49% | 14.78% |
| Revenue as Reported | 937.50M | 880.58M | 672.40M | 517.92M | 570.73M | 416.11M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 124.85M | 214.46M | 157.78M | 107.57M | 111.12M | 126.70M |
| Short-Term Investments | 896.15M | 834.05M | 428.79M | 336.11M | 262.38M | 283.46M |
| Cash & Short-Term Investments | 1.02B | 1.05B | 586.57M | 443.68M | 373.50M | 410.16M |
| Accounts Receivable | 210.28M | 151.93M | 139.32M | 111.26M | 109.32M | 68.45M |
| Other Receivables | 1.00M | 782.00K | 662.00K | 1.42M | 1.01M | |
| Receivables | 210.28M | 152.93M | 140.10M | 111.92M | 110.74M | 69.45M |
| Inventory | 185.27M | 183.67M | 156.60M | 138.20M | 116.60M | 78.67M |
| Prepaid Expenses | 13.64M | 10.73M | 11.00M | 9.11M | 4.41M | |
| Other Current Assets | 36.31M | 12.05M | 7.95M | 5.42M | 3.00M | 3.82M |
| Total Current Assets | 1.45B | 1.41B | 901.95M | 710.22M | 612.95M | 566.52M |
| Property, Plant & Equipment | 155.46M | 160.36M | 132.94M | 108.73M | 100.77M | 65.09M |
| Long-Term Investments | 697.22M | 597.24M | 233.66M | 197.60M | 155.54M | 141.09M |
| Goodwill | 88.74M | 90.81M | 48.32M | 50.08M | 49.01M | 20.11M |
| Other Intangible Assets | 39.97M | 45.82M | 31.46M | 39.18M | 43.59M | 2.60M |
| Long-Term Deferred Tax Assets | 36.77M | 38.82M | 31.64M | 23.58M | 20.10M | 6.16M |
| Other Long-Term Assets | 18.35M | 16.70M | 10.46M | 4.41M | 2.15M | 3.59M |
| Total Assets | 2.49B | 2.36B | 1.39B | 1.13B | 984.11M | 805.15M |
| Accounts Payable | 66.78M | 46.98M | 59.58M | 35.16M | 42.73M | 36.22M |
| Accrued Expenses | 86.42M | 55.31M | 31.95M | 43.85M | 39.55M | |
| Current Portion of Long-Term Debt | 733.59M | 180.56M | 197.68M | 183.04M | ||
| Current Portion of Leases | 10.07M | 8.20M | 7.17M | 6.70M | 5.97M | 4.45M |
| Current Unearned Revenue | 45.95M | 67.16M | 72.89M | 41.98M | 30.54M | 15.34M |
| Other Current Liabilities | 80.18M | 15.76M | 12.73M | 9.34M | 10.97M | 9.33M |
| Total Current Liabilities | 936.57M | 224.53M | 388.23M | 322.81M | 134.07M | 287.93M |
| Long-Term Debt | 731.68M | 196.39M | ||||
| Long-Term Leases | 59.84M | 59.27M | 48.36M | 39.76M | 43.70M | 33.45M |
| Long-Term Deferred Tax Liabilities | 8.68M | 10.22M | 8.49M | 10.57M | 12.19M | |
| Other Long-Term Liabilities | 19.07M | 16.59M | 17.54M | 9.91M | 10.79M | 10.02M |
| Total Liabilities | 1.02B | 1.04B | 462.63M | 383.06M | 397.14M | 331.40M |
| Common Stock | 1.47B | |||||
| Additional Paid-In Capital | 254.33M | 134.95M | 139.69M | 121.40M | 139.85M | |
| Retained Earnings | 1.06B | 798.14M | 614.38M | 478.07M | 334.72M | |
| Comprehensive Income & Other | 6.55M | -5.30M | -3.33M | -12.51M | -814.00K | |
| Shareholders' Equity | 1.47B | 1.32B | 927.79M | 750.75M | 586.96M | 473.75M |
| Total Liabilities & Equity | 2.49B | 2.36B | 1.39B | 1.13B | 984.11M | 805.15M |
| Total Debt | 803.50M | 799.15M | 236.10M | 244.14M | 246.06M | 220.94M |
| Net Cash (Debt) | 902.97M | 834.09M | 576.29M | 390.89M | 280.90M | 326.64M |
| Net Cash Per Share | 26.55 | 25.43 | 17.93 | 12.18 | 8.81 | 10.96 |
| Filing Date Shares Outstanding | 31.80M | 31.78M | 29.28M | 29.02M | 28.68M | 28.59M |
| Total Common Shares Outstanding | 31.80M | 31.78M | 29.28M | 29.01M | 28.68M | 28.58M |
| Working Capital | 516.29M | 1.19B | 513.72M | 387.41M | 478.88M | 278.59M |
| Book Value Per Share | 46.08 | 41.48 | 31.69 | 25.88 | 20.47 | 16.58 |
| Tangible Book Value | 1.34B | 1.18B | 848.02M | 661.49M | 494.37M | 451.04M |
| Tangible Book Value Per Share | 42.03 | 37.18 | 28.96 | 22.80 | 17.24 | 15.78 |
| Land | 38.32M | 26.68M | 11.67M | 5.18M | ||
| Machinery | 80.96M | 72.41M | 78.44M | 69.65M | 53.46M | |
| Leasehold Improvements | 47.98M | 41.13M | 39.88M | 34.95M | 24.36M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 270.38M | 259.22M | 183.76M | 136.31M | 140.21M | 93.10M |
| Depreciation & Amortization | 23.79M | 22.37M | 17.38M | 16.20M | 14.65M | 8.93M |
| Other Amortization | 3.34M | 2.00M | 1.28M | 1.28M | 1.28M | 4.23M |
| Loss (Gain) From Sale of Investments | -5.52M | -5.74M | -7.18M | -3.00M | 1.67M | 1.71M |
| Stock-Based Compensation | 27.73M | 26.29M | 25.21M | 18.29M | 16.65M | 10.49M |
| Other Operating Activities | -4.34M | -18.65M | 3.02M | 1.75M | 4.52M | -745.00K |
| Change in Accounts Receivable | -72.88M | -7.02M | -29.05M | -1.18M | -31.63M | -5.13M |
| Change in Inventory | -6.68M | -19.00M | -23.90M | -26.00M | -29.31M | -18.46M |
| Change in Accounts Payable | 12.29M | -8.79M | 17.51M | -7.81M | 5.14M | 11.70M |
| Change in Unearned Revenue | -18.95M | -7.89M | 34.55M | 11.39M | 15.24M | 10.62M |
| Change in Other Net Operating Assets | -10.06M | 16.62M | 22.40M | -17.46M | -5.15M | 18.81M |
| Operating Cash Flow | 212.40M | 245.61M | 235.27M | 123.53M | 119.54M | 132.26M |
| Capital Expenditures | -22.65M | -27.70M | -17.21M | -17.19M | -21.31M | -4.82M |
| Cash Acquisitions | -56.35M | -78.47M | ||||
| Investment in Securities | -890.09M | -753.12M | -119.19M | -108.14M | -473.00K | -233.69M |
| Investing Cash Flow | -912.73M | -837.17M | -136.40M | -125.33M | -100.26M | -238.50M |
| Long-Term Debt Issued | 750.00M | |||||
| Long-Term Debt Repaid | -7.00K | -18.51M | ||||
| Net Debt Issued (Repaid) | 749.99M | 749.99M | -18.51M | |||
| Issuance of Common Stock | 160.00K | 122.00K | 90.00K | 11.00K | ||
| Repurchase of Common Stock | -15.00M | -35.00M | -30.00M | -112.00K | -21.42M | |
| Other Financing Activities | -72.78M | -72.78M | -8.48M | |||
| Financing Cash Flow | 662.21M | 642.21M | -48.35M | 10.00K | -29.81M | 11.00K |
| Foreign Exchange Rate Adjustments | 2.09M | 6.35M | -315.00K | -2.36M | -4.45M | 622.00K |
| Net Cash Flow | -36.03M | 57.00M | 50.20M | -4.15M | -14.98M | -105.61M |
| Free Cash Flow | 189.75M | 217.91M | 218.05M | 106.34M | 98.22M | 127.45M |
| Free Cash Flow Margin | 20.24% | 24.75% | 32.43% | 20.53% | 17.21% | 30.63% |
| Free Cash Flow Per Share | 5.58 | 6.64 | 6.79 | 3.31 | 3.08 | 4.27 |
| Levered Free Cash Flow | 116.86M | 149.59M | 176.86M | 63.68M | 48.74M | 108.12M |
| Unlevered Free Cash Flow | 114.77M | 148.84M | 176.38M | 63.20M | 48.26M | 106.53M |
| Cash Income Tax Paid | 41.54M | 41.54M | 29.88M | 26.84M | 23.01M | 13.28M |
| Change in Working Capital | -102.97M | -39.87M | 11.79M | -47.30M | -59.45M | 14.55M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.92B | 10.02B | 5.75B | 3.95B | 2.35B | 4.18B |
| Enterprise Value | 9.02B | 9.31B | 5.19B | 3.58B | 2.09B | 3.86B |
| Last Close Price | 312.24 | 328.39 | 196.95 | 137.39 | 81.68 | 146.50 |
| PE Ratio | 38.83 | 38.67 | 31.27 | 28.95 | 16.73 | 44.85 |
| Forward PE | 25.06 | 36.43 | 26.23 | 27.08 | 18.66 | 34.12 |
| PS Ratio | 10.59 | 11.38 | 8.55 | 7.62 | 4.11 | 10.03 |
| PB Ratio | 6.78 | 7.60 | 6.19 | 5.26 | 4.00 | 8.81 |
| P/TBV Ratio | 7.43 | 8.48 | 6.78 | 5.97 | 4.74 | 9.26 |
| P/FCF Ratio | 52.30 | 46.00 | 26.35 | 37.11 | 23.88 | 32.76 |
| P/OCF Ratio | 46.72 | 40.81 | 24.42 | 31.95 | 19.62 | 31.57 |
| PEG Ratio | 1.24 | 1.94 | 1.43 | 5.00 | 2.94 | 1.06 |
| EV/Sales Ratio | 9.62 | 10.57 | 7.71 | 6.91 | 3.67 | 9.28 |
| EV/EBITDA Ratio | 30.45 | 33.64 | 25.19 | 24.12 | 12.72 | 31.83 |
| EV/EBIT Ratio | 33.11 | 36.60 | 27.51 | 27.07 | 13.96 | 34.36 |
| EV/FCF Ratio | 47.54 | 42.72 | 23.78 | 33.67 | 21.31 | 30.30 |
| Debt / Equity Ratio | 0.55 | 0.61 | 0.25 | 0.33 | 0.42 | 0.47 |
| Debt / EBITDA Ratio | 2.64 | 2.81 | 1.11 | 1.57 | 1.44 | 1.76 |
| Debt / FCF Ratio | 4.23 | 3.67 | 1.08 | 2.30 | 2.50 | 1.73 |
| Net Debt / Equity Ratio | -0.62 | -0.63 | -0.62 | -0.52 | -0.48 | -0.69 |
| Net Debt / EBITDA Ratio | -3.05 | -3.01 | -2.80 | -2.63 | -1.71 | -2.69 |
| Net Debt / FCF Ratio | -4.76 | -3.83 | -2.64 | -3.68 | -2.86 | -2.56 |
| Asset Turnover | 0.47 | 0.47 | 0.53 | 0.49 | 0.64 | 0.57 |
| Inventory Turnover | 2.19 | 2.21 | 1.94 | 1.76 | 2.60 | 2.57 |
| Quick Ratio | 1.31 | 5.35 | 1.87 | 1.72 | 3.61 | 1.67 |
| Current Ratio | 1.55 | 6.28 | 2.32 | 2.20 | 4.57 | 1.97 |
| Return on Equity (ROE) | 21.11% | 23.08% | 21.89% | 20.38% | 26.44% | 22.03% |
| Return on Assets (ROA) | 8.47% | 8.48% | 9.33% | 7.81% | 10.47% | 9.62% |
| Return on Invested Capital (ROIC) | 19.75% | 26.41% | 28.38% | 23.06% | 35.67% | 42.89% |
| Return on Capital Employed (ROCE) | 17.50% | 11.90% | 18.80% | 16.30% | 17.60% | 21.70% |
| Earnings Yield | 2.58% | 2.59% | 3.20% | 3.45% | 5.98% | 2.23% |
| FCF Yield | 1.91% | 2.17% | 3.79% | 2.70% | 4.19% | 3.05% |
| Buyback Yield / Dilution | -6.16% | -2.06% | -0.15% | -0.69% | -6.89% | -2.99% |