NOVT vs. RBC

Last updated Apr 1, 2026

Compare and contrast key facts about Novanta Inc. (NOVT) and RBC Bearings Incorporated (RBC).

Performance

NOVT vs. RBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Novanta Inc. (NOVT) and RBC Bearings Incorporated (RBC). The values are adjusted to include any dividend payments, if applicable.

NOVT vs. RBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NOVT Novanta Inc.	-0.74%	-22.11%	-9.29%	23.95%	-22.95%	49.15%	33.67%	40.38%	26.00%	138.10%
RBC RBC Bearings Incorporated	21.12%	49.91%	5.00%	36.08%	4.19%	17.32%	14.10%	21.72%	3.72%	36.19%

Fundamentals

Market Cap NOVT : $4.57B RBC : $17.19B
EPS NOVT : $1.46 RBC : $8.50
PE Ratio NOVT : 81.04 RBC : 63.89
PEG Ratio NOVT : 22.60 RBC : 1.22
PS Ratio NOVT : 4.45 RBC : 9.58
PB Ratio NOVT : 3.48 RBC : 5.27
Total Revenue (TTM) NOVT : $980.60M RBC : $1.79B
Gross Profit (TTM) NOVT : $435.28M RBC : $793.60M
EBITDA (TTM) NOVT : $148.91M RBC : $489.70M

Returns By Period

In the year-to-date period, NOVT achieves a -0.74% return, which is significantly lower than RBC's 21.12% return. Both investments have delivered pretty close results over the past 10 years, with NOVT having a 23.73% annualized return and RBC not far behind at 22.87%.

NOVT

• 1D: 4.44%
• 1M: -12.14%
• YTD: -0.74%
• 6M: 17.93%
• 1Y: -7.63%
• 3Y*: -9.45%
• 5Y*: -2.62%
• 10Y*: 23.73%

RBC

• 1D: 3.57%
• 1M: -5.70%
• YTD: 21.12%
• 6M: 39.16%
• 1Y: 68.79%
• 3Y*: 32.64%
• 5Y*: 23.40%
• 10Y*: 22.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NOVT vs. RBC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NOVT

NOVT Risk / Return Rank: 33
NOVT Sharpe Ratio Rank: 34
NOVT Sortino Ratio Rank: 33
NOVT Omega Ratio Rank: 33
NOVT Calmar Ratio Rank: 32
NOVT Martin Ratio Rank: 31

RBC

RBC Risk / Return Rank: 95
RBC Sharpe Ratio Rank: 95
RBC Sortino Ratio Rank: 95
RBC Omega Ratio Rank: 93
RBC Calmar Ratio Rank: 96
RBC Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NOVT vs. RBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Novanta Inc. (NOVT) and RBC Bearings Incorporated (RBC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NOVT	RBC	Difference
Sharpe ratio Return per unit of total volatility	-0.15	2.59	-2.75
Sortino ratio Return per unit of downside risk	0.13	3.57	-3.44
Omega ratio Gain probability vs. loss probability	1.02	1.44	-0.43
Calmar ratio Return relative to maximum drawdown	-0.32	6.46	-6.77
Martin ratio Return relative to average drawdown	-0.67	16.99	-17.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NOVT vs. RBC - Sharpe Ratio Comparison

The current NOVT Sharpe Ratio is -0.15, which is lower than the RBC Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of NOVT and RBC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NOVT	RBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	2.59	-2.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.75	-0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.61	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.51	+0.12

Correlation

The correlation between NOVT and RBC is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NOVT vs. RBC - Dividend Comparison

Neither NOVT nor RBC has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
NOVT Novanta Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RBC RBC Bearings Incorporated	0.00%	0.00%	0.00%	0.00%	0.49%	4.10%	0.67%	0.75%

Drawdowns

NOVT vs. RBC - Drawdown Comparison

The maximum NOVT drawdown since its inception was -46.71%, smaller than the maximum RBC drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for NOVT and RBC.

Drawdown Indicators

	NOVT	RBC	Difference
Max Drawdown Largest peak-to-trough decline	-46.71%	-71.79%	+25.08%
Max Drawdown (1Y) Largest decline over 1 year	-26.97%	-10.35%	-16.62%
Max Drawdown (5Y) Largest decline over 5 years	-46.71%	-35.26%	-11.45%
Max Drawdown (10Y) Largest decline over 10 years	-46.71%	-55.06%	+8.35%
Current Drawdown Current decline from peak	-36.57%	-7.14%	-29.43%
Average Drawdown Average peak-to-trough decline	-12.05%	-12.82%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.71%	3.93%	+8.78%

Volatility

NOVT vs. RBC - Volatility Comparison

Novanta Inc. (NOVT) has a higher volatility of 12.99% compared to RBC Bearings Incorporated (RBC) at 8.99%. This indicates that NOVT's price experiences larger fluctuations and is considered to be riskier than RBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NOVT	RBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.99%	8.99%	+4.00%
Volatility (6M) Calculated over the trailing 6-month period	38.56%	17.89%	+20.67%
Volatility (1Y) Calculated over the trailing 1-year period	50.24%	26.70%	+23.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.03%	31.23%	+7.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.37%	37.44%	+0.93%

Financials

NOVT vs. RBC - Profitability Comparison

The chart below illustrates the profitability comparison between Novanta Inc. and RBC Bearings Incorporated over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NOVT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Novanta Inc. reported a gross profit of 113.26M and revenue of 258.35M. Therefore, the gross margin over that period was 43.8%.

RBC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, RBC Bearings Incorporated reported a gross profit of 204.40M and revenue of 461.60M. Therefore, the gross margin over that period was 44.3%.

NOVT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Novanta Inc. reported an operating income of 24.83M and revenue of 258.35M, resulting in an operating margin of 9.6%.

RBC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, RBC Bearings Incorporated reported an operating income of 103.00M and revenue of 461.60M, resulting in an operating margin of 22.3%.

NOVT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Novanta Inc. reported a net income of 17.47M and revenue of 258.35M, resulting in a net margin of 6.8%.

RBC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, RBC Bearings Incorporated reported a net income of 67.40M and revenue of 461.60M, resulting in a net margin of 14.6%.