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Side-by-side financial comparison of Nuburu, Inc. (BURU) and NOVANTA INC (NOVT). Click either name above to swap in a different company.

NOVANTA INC produced more free cash flow last quarter ($5.1M vs $-13.1M). Over the past eight quarters, NOVANTA INC's revenue compounded faster (5.8% CAGR vs -100.0%).

Nuburu, Inc. is an advanced industrial technology firm specializing in the design, manufacturing, and distribution of high-performance blue laser solutions. Its products are primarily applied in industrial scenarios including metal welding, additive manufacturing, and power battery production, serving global clients across the automotive, aerospace, and consumer electronics sectors.

Novanta Inc is a global technology supplier delivering high-precision photonics, motion control, and machine vision solutions. It serves core segments including medical equipment manufacturing, advanced industrial automation, robotics, and life sciences, helping customers boost product performance and drive innovation worldwide.

BURU vs NOVT — Head-to-Head

Bigger by revenue
NOVT
NOVT
Infinity× larger
NOVT
$258.3M
$0
BURU
More free cash flow
NOVT
NOVT
$18.3M more FCF
NOVT
$5.1M
$-13.1M
BURU
Faster 2-yr revenue CAGR
NOVT
NOVT
Annualised
NOVT
5.8%
-100.0%
BURU

Income Statement — Q4 2025 vs Q4 2025

Metric
BURU
BURU
NOVT
NOVT
Revenue
$0
$258.3M
Net Profit
$-27.8M
$17.5M
Gross Margin
43.8%
Operating Margin
9.6%
Net Margin
6.8%
Revenue YoY
8.5%
Net Profit YoY
-135.2%
6.1%
EPS (diluted)
$-1.59
$0.46

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BURU
BURU
NOVT
NOVT
Q4 25
$0
$258.3M
Q3 25
$0
$247.8M
Q2 25
$0
$241.0M
Q1 25
$0
$233.4M
Q4 24
$9.3K
$238.1M
Q3 24
$0
$244.4M
Q2 24
$49.3K
$235.9M
Q1 24
$93.5K
$230.9M
Net Profit
BURU
BURU
NOVT
NOVT
Q4 25
$-27.8M
$17.5M
Q3 25
$-22.4M
$10.7M
Q2 25
$-12.2M
$4.5M
Q1 25
$-16.6M
$21.2M
Q4 24
$-11.8M
$16.5M
Q3 24
$-4.3M
$19.2M
Q2 24
$-12.6M
$13.8M
Q1 24
$-5.7M
$14.7M
Gross Margin
BURU
BURU
NOVT
NOVT
Q4 25
43.8%
Q3 25
44.8%
Q2 25
44.3%
Q1 25
44.7%
Q4 24
-2640.3%
45.5%
Q3 24
44.7%
Q2 24
-1389.0%
44.0%
Q1 24
-816.1%
43.5%
Operating Margin
BURU
BURU
NOVT
NOVT
Q4 25
9.6%
Q3 25
8.8%
Q2 25
6.2%
Q1 25
13.9%
Q4 24
-31298.4%
11.2%
Q3 24
13.3%
Q2 24
-6565.2%
10.9%
Q1 24
-4840.6%
11.1%
Net Margin
BURU
BURU
NOVT
NOVT
Q4 25
6.8%
Q3 25
4.3%
Q2 25
1.9%
Q1 25
9.1%
Q4 24
-127161.8%
6.9%
Q3 24
7.9%
Q2 24
-25648.1%
5.8%
Q1 24
-6098.5%
6.4%
EPS (diluted)
BURU
BURU
NOVT
NOVT
Q4 25
$-1.59
$0.46
Q3 25
$-0.20
$0.30
Q2 25
$-0.18
$0.12
Q1 25
$-0.28
$0.59
Q4 24
$-14.65
$0.45
Q3 24
$-1.11
$0.53
Q2 24
$-7.57
$0.38
Q1 24
$-6.18
$0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BURU
BURU
NOVT
NOVT
Cash + ST InvestmentsLiquidity on hand
$24.7M
$380.9M
Total DebtLower is stronger
$25.5M
Stockholders' EquityBook value
$-15.2M
$1.3B
Total Assets
$49.8M
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BURU
BURU
NOVT
NOVT
Q4 25
$24.7M
$380.9M
Q3 25
$5.9M
$89.2M
Q2 25
$111.1K
$109.9M
Q1 25
$70.9K
$106.0M
Q4 24
$209.3K
$114.0M
Q3 24
$232.1K
$92.7M
Q2 24
$117.2K
$98.5M
Q1 24
$231.9K
$93.5M
Total Debt
BURU
BURU
NOVT
NOVT
Q4 25
$25.5M
Q3 25
Q2 25
Q1 25
Q4 24
$9.2M
Q3 24
$8.7M
Q2 24
$7.8M
Q1 24
$9.8M
Stockholders' Equity
BURU
BURU
NOVT
NOVT
Q4 25
$-15.2M
$1.3B
Q3 25
$-53.9M
$801.5M
Q2 25
$-44.7M
$801.4M
Q1 25
$-39.0M
$769.8M
Q4 24
$-37.8M
$745.7M
Q3 24
$-36.3M
$742.2M
Q2 24
$-34.8M
$702.0M
Q1 24
$-37.4M
$681.7M
Total Assets
BURU
BURU
NOVT
NOVT
Q4 25
$49.8M
$1.8B
Q3 25
$13.2M
$1.5B
Q2 25
$2.5M
$1.5B
Q1 25
$1.3M
$1.4B
Q4 24
$7.0M
$1.4B
Q3 24
$7.8M
$1.4B
Q2 24
$8.4M
$1.4B
Q1 24
$8.0M
$1.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BURU
BURU
NOVT
NOVT
Operating Cash FlowLast quarter
$-9.0M
$8.8M
Free Cash FlowOCF − Capex
$-13.1M
$5.1M
FCF MarginFCF / Revenue
2.0%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
0.50×
TTM Free Cash FlowTrailing 4 quarters
$48.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BURU
BURU
NOVT
NOVT
Q4 25
$-9.0M
$8.8M
Q3 25
$-3.1M
$8.5M
Q2 25
$-2.1M
$15.1M
Q1 25
$-1.9M
$31.7M
Q4 24
$-1.1M
$61.6M
Q3 24
$-1.2M
$23.0M
Q2 24
$-2.2M
$41.1M
Q1 24
$-2.1M
$32.8M
Free Cash Flow
BURU
BURU
NOVT
NOVT
Q4 25
$-13.1M
$5.1M
Q3 25
$4.2M
Q2 25
$11.7M
Q1 25
$-2.5M
$27.4M
Q4 24
$59.3M
Q3 24
$19.5M
Q2 24
$36.2M
Q1 24
$26.4M
FCF Margin
BURU
BURU
NOVT
NOVT
Q4 25
2.0%
Q3 25
1.7%
Q2 25
4.8%
Q1 25
11.7%
Q4 24
24.9%
Q3 24
8.0%
Q2 24
15.3%
Q1 24
11.4%
Capex Intensity
BURU
BURU
NOVT
NOVT
Q4 25
1.4%
Q3 25
1.7%
Q2 25
1.4%
Q1 25
1.8%
Q4 24
0.9%
Q3 24
1.5%
Q2 24
2.1%
Q1 24
2.8%
Cash Conversion
BURU
BURU
NOVT
NOVT
Q4 25
0.50×
Q3 25
0.80×
Q2 25
3.35×
Q1 25
1.49×
Q4 24
3.74×
Q3 24
1.20×
Q2 24
2.99×
Q1 24
2.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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