vs

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

NOVANTA INC is the larger business by last-quarter revenue ($258.3M vs $15.3M, roughly 16.9× Captivision Inc.). NOVANTA INC runs the higher net margin — 6.8% vs -60.7%, a 67.4% gap on every dollar of revenue.

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.

CAPT vs NOVT — Head-to-Head

Bigger by revenue
NOVT
NOVT
16.9× larger
NOVT
$258.3M
$15.3M
CAPT
Higher net margin
NOVT
NOVT
67.4% more per $
NOVT
6.8%
-60.7%
CAPT

Income Statement — Q2 2024 vs Q4 2025

Metric
CAPT
CAPT
NOVT
NOVT
Revenue
$15.3M
$258.3M
Net Profit
$-9.3M
$17.5M
Gross Margin
43.8%
Operating Margin
-49.3%
9.6%
Net Margin
-60.7%
6.8%
Revenue YoY
8.5%
Net Profit YoY
6.1%
EPS (diluted)
$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
CAPT
CAPT
NOVT
NOVT
Q4 25
$258.3M
Q3 25
$247.8M
Q2 25
$241.0M
Q1 25
$233.4M
Q4 24
$238.1M
Q3 24
$244.4M
Q2 24
$15.3M
$235.9M
Q1 24
$230.9M
Net Profit
CAPT
CAPT
NOVT
NOVT
Q4 25
$17.5M
Q3 25
$10.7M
Q2 25
$4.5M
Q1 25
$21.2M
Q4 24
$16.5M
Q3 24
$19.2M
Q2 24
$-9.3M
$13.8M
Q1 24
$14.7M
Gross Margin
CAPT
CAPT
NOVT
NOVT
Q4 25
43.8%
Q3 25
44.8%
Q2 25
44.3%
Q1 25
44.7%
Q4 24
45.5%
Q3 24
44.7%
Q2 24
44.0%
Q1 24
43.5%
Operating Margin
CAPT
CAPT
NOVT
NOVT
Q4 25
9.6%
Q3 25
8.8%
Q2 25
6.2%
Q1 25
13.9%
Q4 24
11.2%
Q3 24
13.3%
Q2 24
-49.3%
10.9%
Q1 24
11.1%
Net Margin
CAPT
CAPT
NOVT
NOVT
Q4 25
6.8%
Q3 25
4.3%
Q2 25
1.9%
Q1 25
9.1%
Q4 24
6.9%
Q3 24
7.9%
Q2 24
-60.7%
5.8%
Q1 24
6.4%
EPS (diluted)
CAPT
CAPT
NOVT
NOVT
Q4 25
$0.46
Q3 25
$0.30
Q2 25
$0.12
Q1 25
$0.59
Q4 24
$0.45
Q3 24
$0.53
Q2 24
$0.38
Q1 24
$0.41

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAPT
CAPT
NOVT
NOVT
Q4 25
$380.9M
Q3 25
$89.2M
Q2 25
$109.9M
Q1 25
$106.0M
Q4 24
$114.0M
Q3 24
$92.7M
Q2 24
$98.5M
Q1 24
$93.5M
Stockholders' Equity
CAPT
CAPT
NOVT
NOVT
Q4 25
$1.3B
Q3 25
$801.5M
Q2 25
$801.4M
Q1 25
$769.8M
Q4 24
$745.7M
Q3 24
$742.2M
Q2 24
$702.0M
Q1 24
$681.7M
Total Assets
CAPT
CAPT
NOVT
NOVT
Q4 25
$1.8B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$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
CAPT
CAPT
NOVT
NOVT
Operating Cash FlowLast quarter
$8.8M
Free Cash FlowOCF − Capex
$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
CAPT
CAPT
NOVT
NOVT
Q4 25
$8.8M
Q3 25
$8.5M
Q2 25
$15.1M
Q1 25
$31.7M
Q4 24
$61.6M
Q3 24
$23.0M
Q2 24
$41.1M
Q1 24
$32.8M
Free Cash Flow
CAPT
CAPT
NOVT
NOVT
Q4 25
$5.1M
Q3 25
$4.2M
Q2 25
$11.7M
Q1 25
$27.4M
Q4 24
$59.3M
Q3 24
$19.5M
Q2 24
$36.2M
Q1 24
$26.4M
FCF Margin
CAPT
CAPT
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
CAPT
CAPT
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
CAPT
CAPT
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.

Related Comparisons