Novanta (NOVT) vs Impinj (PI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Novanta (NOVT) has outperformed Impinj (PI) over the past year, gaining 32.7% versus a loss of 13.7%. Over five years, PI leads with a +248.8% price change compared with -15.6% for NOVT. Impinj is the larger company by market cap ($5.78 billion vs $5.38 billion), about 1.1 times the size, while Novanta is growing revenue faster (+3.3% vs -1.4%).
On valuation, Novanta trades at a lower forward P/E (32.6x vs 67.4x for Impinj). Novanta converts more of its revenue into profit, with a net margin of 5.5% versus -3.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NOVT | PI |
|---|---|---|
| Share price | $142.30 | $189.02 |
| Market cap | $5.38B | $5.78B |
| 1-day change | +4.38% | +3.03% |
| YTD return | +14.57% | +5.42% |
| 1-year return | +32.75% | -13.65% |
| 5-year return | -15.59% | +248.83% |
| P/E ratio (TTM) | 90.06 | — |
| Forward P/E | 32.59 | 67.43 |
| EPS (TTM) | $1.58 | $-0.91 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $980.60M | $361.07M |
| Revenue growth (YoY) | +3.30% | -1.37% |
| Net income (latest FY) | $53.83M | $-10.85M |
| Gross margin | 44.39% | 52.53% |
| Operating margin | 9.59% | -0.20% |
| Net margin | 5.49% | -3.00% |
| 52-week high | $176.38 | $247.06 |
| 52-week low | $98.27 | $87.36 |
| Distance from 52-week high | -19.32% | -23.50% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +36.68% | -4.30% |
| Average volume | 390.69K | 412.98K |
| Shares outstanding | 37.82M | 30.55M |
| Employees | 3,000 | 457 |
| Sector | Miscellaneous | Technology |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- NOVT has outperformed PI by 46.4 percentage points over the past year.
- Novanta is more profitable, keeping 5.5 cents of every revenue dollar as net income versus -3.0 cents for Impinj.
- The two companies sit in different sectors: Novanta in Miscellaneous and Impinj in Technology.
About Novanta
NOVT stock →Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. The company operates Automation Enabling Technologies and Medical Solutions segments.
Miscellaneous · Industrial Machinery/Components · 3,000 employees
About Impinj
PI stock →Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
Technology · Industrial Machinery/Components · 457 employees
NOVT vs PI FAQ
Which is bigger, Novanta or Impinj?
Impinj (PI) is larger, with a market capitalization of $5.78B compared with $5.38B for Novanta (NOVT).
Which stock has performed better over the past year, NOVT or PI?
NOVT returned +32.75% over the past 12 months, compared with -13.65% for PI (price return, excluding dividends). Past performance does not predict future results.
Are Novanta and Impinj in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Miscellaneous sector.