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Atkore vs Novanta: revenue, profit, margins and growth compared

Atkore brought in $2.9B of revenue in fiscal 2025, Novanta $980.6M in fiscal 2025. Revenue changed by -11.0% at Atkore and +3.3% at Novanta on the year before, so Novanta grew faster. Atkore kept -0.5% of its revenue as net profit, Novanta 5.5%. Free cash flow was $295.7M at Atkore and $48.4M at Novanta.

Side by side, latest fiscal year

ATKRNOVT
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$2.9B$980.6M
Revenue growth-11.0%+3.3%
Net income-$15.2M$53.8M
Net margin-0.5%5.5%
Free cash flow$295.7M$48.4M
Free cash flow margin10.4%4.9%
Earnings per share (diluted)-$0.45$1.47
Cash$506.7M$380.9M
Debt$760.5M$250.8M
Price to earningsn/a97.9
Market value$3.2B$5.4B
Dividend yieldn/an/a
Rank by revenue in sector#7 of 34 · Other#12 of 34 · Other

Over the years

Revenue
ATKR FY2018: $1.8BATKR FY2019: $1.9BATKR FY2020: $1.8BATKR FY2021: $2.9BATKR FY2022: $3.9BATKR FY2023: $3.5BATKR FY2024: $3.2BATKR FY2025: $2.9BNOVT FY2018: $614.3MNOVT FY2019: $626.1MNOVT FY2020: $590.6MNOVT FY2021: $706.8MNOVT FY2022: $860.9MNOVT FY2023: $881.7MNOVT FY2024: $949.2MNOVT FY2025: $980.6MFY18FY19FY20FY21FY22FY23FY24FY25
ATKR $2.9BNOVT $980.6M
Net income
ATKR FY2018: $136.6MATKR FY2019: $139.1MATKR FY2020: $152.3MATKR FY2021: $587.9MATKR FY2022: $913.4MATKR FY2023: $689.9MATKR FY2024: $472.9MATKR FY2025: -$15.2MNOVT FY2018: $49.1MNOVT FY2019: $40.8MNOVT FY2020: $44.5MNOVT FY2021: $50.3MNOVT FY2022: $74.1MNOVT FY2023: $72.9MNOVT FY2024: $64.1MNOVT FY2025: $53.8MFY18FY19FY20FY21FY22FY23FY24FY25
ATKR -$15.2MNOVT $53.8M
Net margin
ATKR FY2018: 7.4%ATKR FY2019: 7.3%ATKR FY2020: 8.6%ATKR FY2021: 20.1%ATKR FY2022: 23.3%ATKR FY2023: 19.6%ATKR FY2024: 14.8%ATKR FY2025: -0.5%NOVT FY2018: 8.0%NOVT FY2019: 6.5%NOVT FY2020: 7.5%NOVT FY2021: 7.1%NOVT FY2022: 8.6%NOVT FY2023: 8.3%NOVT FY2024: 6.8%NOVT FY2025: 5.5%FY18FY19FY20FY21FY22FY23FY24FY25
ATKR -0.5%NOVT 5.5%
Revenue growth
ATKR FY2019: +4.4%ATKR FY2020: -7.9%ATKR FY2021: +65.9%ATKR FY2022: +33.7%ATKR FY2023: -10.1%ATKR FY2024: -9.0%ATKR FY2025: -11.0%NOVT FY2019: +1.9%NOVT FY2020: -5.7%NOVT FY2021: +19.7%NOVT FY2022: +21.8%NOVT FY2023: +2.4%NOVT FY2024: +7.7%NOVT FY2025: +3.3%FY19FY20FY21FY22FY23FY24FY25
ATKR -11.0%NOVT +3.3%
Free cash flow
ATKR FY2018: $107.2MATKR FY2019: $174.8MATKR FY2020: $215MATKR FY2021: $508.4MATKR FY2022: $651.1MATKR FY2023: $588.7MATKR FY2024: $399.2MATKR FY2025: $295.7MNOVT FY2018: $75MNOVT FY2019: $52.5MNOVT FY2020: $129.7MNOVT FY2021: $74.6MNOVT FY2022: $71.1MNOVT FY2023: $100.1MNOVT FY2024: $141.4MNOVT FY2025: $48.4MFY18FY19FY20FY21FY22FY23FY24FY25
ATKR $295.7MNOVT $48.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Atkore and Novanta

Which is bigger by revenue, Atkore or Novanta?

Atkore is bigger by revenue: $2.9B in fiscal 2025, against $980.6M for Novanta in fiscal 2025.

Which keeps more of its revenue as profit, Atkore or Novanta?

Atkore had a net margin of -0.5% in fiscal 2025; Novanta had 5.5% in fiscal 2025.

Which grew revenue faster, Atkore or Novanta?

In their latest fiscal years revenue changed by -11.0% at Atkore and +3.3% at Novanta.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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