RBC vs. NOVT

Last updated Apr 2, 2026

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

Performance

RBC vs. NOVT - Performance Comparison

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

RBC vs. NOVT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RBC RBC Bearings Incorporated	23.09%	49.91%	5.00%	36.08%	4.19%	17.32%	14.10%	21.72%	3.72%	36.19%
NOVT Novanta Inc.	-0.52%	-22.11%	-9.29%	23.95%	-22.95%	49.15%	33.67%	40.38%	26.00%	138.10%

Fundamentals

Market Cap RBC : $17.47B NOVT : $4.58B
EPS RBC : $8.50 NOVT : $1.46
PE Ratio RBC : 64.93 NOVT : 81.21
PEG Ratio RBC : 1.24 NOVT : 22.65
PS Ratio RBC : 9.74 NOVT : 4.46
PB Ratio RBC : 5.36 NOVT : 3.48
Total Revenue (TTM) RBC : $1.79B NOVT : $980.60M
Gross Profit (TTM) RBC : $793.60M NOVT : $435.28M
EBITDA (TTM) RBC : $489.70M NOVT : $148.91M

Returns By Period

In the year-to-date period, RBC achieves a 23.09% return, which is significantly higher than NOVT's -0.52% return. Both investments have delivered pretty close results over the past 10 years, with RBC having a 23.06% annualized return and NOVT not far ahead at 23.75%.

RBC

• 1D: 1.63%
• 1M: -5.62%
• YTD: 23.09%
• 6M: 43.45%
• 1Y: 65.80%
• 3Y*: 33.36%
• 5Y*: 23.80%
• 10Y*: 23.06%

NOVT

• 1D: 0.22%
• 1M: -15.89%
• YTD: -0.52%
• 6M: 17.41%
• 1Y: -7.16%
• 3Y*: -9.39%
• 5Y*: -2.57%
• 10Y*: 23.75%

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

Return for Risk

RBC vs. NOVT — Risk / Return Rank

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

RBC

RBC Risk / Return Rank: 94
RBC Sharpe Ratio Rank: 94
RBC Sortino Ratio Rank: 94
RBC Omega Ratio Rank: 92
RBC Calmar Ratio Rank: 96
RBC Martin Ratio Rank: 96

NOVT

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

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.

RBC vs. NOVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Bearings Incorporated (RBC) and Novanta Inc. (NOVT). 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.

	RBC	NOVT	Difference
Sharpe ratio Return per unit of total volatility	2.50	-0.14	+2.64
Sortino ratio Return per unit of downside risk	3.45	0.15	+3.31
Omega ratio Gain probability vs. loss probability	1.43	1.02	+0.41
Calmar ratio Return relative to maximum drawdown	6.92	-0.28	+7.19
Martin ratio Return relative to average drawdown	18.12	-0.58	+18.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RBC vs. NOVT - Sharpe Ratio Comparison

The current RBC Sharpe Ratio is 2.50, which is higher than the NOVT Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of RBC and NOVT, 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

	RBC	NOVT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	-0.14	+2.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	-0.07	+0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.62	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.63	-0.12

Correlation

The correlation between RBC and NOVT 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

RBC vs. NOVT - Dividend Comparison

Neither RBC nor NOVT has paid dividends to shareholders.

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

Drawdowns

RBC vs. NOVT - Drawdown Comparison

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

Drawdown Indicators

	RBC	NOVT	Difference
Max Drawdown Largest peak-to-trough decline	-71.79%	-46.71%	-25.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.35%	-26.97%	+16.62%
Max Drawdown (5Y) Largest decline over 5 years	-35.26%	-46.71%	+11.45%
Max Drawdown (10Y) Largest decline over 10 years	-55.06%	-46.71%	-8.35%
Current Drawdown Current decline from peak	-5.62%	-36.43%	+30.81%
Average Drawdown Average peak-to-trough decline	-12.82%	-12.06%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	12.77%	-8.82%

Volatility

RBC vs. NOVT - Volatility Comparison

The current volatility for RBC Bearings Incorporated (RBC) is 8.80%, while Novanta Inc. (NOVT) has a volatility of 12.99%. This indicates that RBC experiences smaller price fluctuations and is considered to be less risky than NOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RBC	NOVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.80%	12.99%	-4.19%
Volatility (6M) Calculated over the trailing 6-month period	17.89%	38.56%	-20.67%
Volatility (1Y) Calculated over the trailing 1-year period	26.70%	50.23%	-23.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.23%	39.01%	-7.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.44%	38.37%	-0.93%

Financials

RBC vs. NOVT - Profitability Comparison

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

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 - 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 - 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 - 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 - 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%.

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%.