vs

Side-by-side financial comparison of Eos Energy Enterprises, Inc. (EOSE) 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 $58.0M, roughly 4.5× Eos Energy Enterprises, Inc.). NOVANTA INC runs the higher net margin — 6.8% vs -207.7%, a 214.4% gap on every dollar of revenue. On growth, Eos Energy Enterprises, Inc. posted the faster year-over-year revenue change (699.6% vs 8.5%). NOVANTA INC produced more free cash flow last quarter ($5.1M vs $-75.2M). Over the past eight quarters, Eos Energy Enterprises, Inc.'s revenue compounded faster (196.4% CAGR vs 5.8%).

Eos Energy Enterprises, Inc. is an energy storage solutions provider that designs, produces and deploys safe long-duration zinc-based battery systems. It serves utility, commercial, industrial and microgrid customers across North America, Europe and Asia, supporting grid stability and renewable energy integration.

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.

EOSE vs NOVT — Head-to-Head

Bigger by revenue
NOVT
NOVT
4.5× larger
NOVT
$258.3M
$58.0M
EOSE
Growing faster (revenue YoY)
EOSE
EOSE
+691.1% gap
EOSE
699.6%
8.5%
NOVT
Higher net margin
NOVT
NOVT
214.4% more per $
NOVT
6.8%
-207.7%
EOSE
More free cash flow
NOVT
NOVT
$80.4M more FCF
NOVT
$5.1M
$-75.2M
EOSE
Faster 2-yr revenue CAGR
EOSE
EOSE
Annualised
EOSE
196.4%
5.8%
NOVT

Income Statement — Q4 2025 vs Q4 2025

Metric
EOSE
EOSE
NOVT
NOVT
Revenue
$58.0M
$258.3M
Net Profit
$-120.5M
$17.5M
Gross Margin
-93.8%
43.8%
Operating Margin
-140.1%
9.6%
Net Margin
-207.7%
6.8%
Revenue YoY
699.6%
8.5%
Net Profit YoY
55.1%
6.1%
EPS (diluted)
$-0.53
$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
EOSE
EOSE
NOVT
NOVT
Q4 25
$58.0M
$258.3M
Q3 25
$30.5M
$247.8M
Q2 25
$15.2M
$241.0M
Q1 25
$10.5M
$233.4M
Q4 24
$7.3M
$238.1M
Q3 24
$854.0K
$244.4M
Q2 24
$898.0K
$235.9M
Q1 24
$6.6M
$230.9M
Net Profit
EOSE
EOSE
NOVT
NOVT
Q4 25
$-120.5M
$17.5M
Q3 25
$-641.4M
$10.7M
Q2 25
$-222.9M
$4.5M
Q1 25
$15.1M
$21.2M
Q4 24
$-268.1M
$16.5M
Q3 24
$-342.9M
$19.2M
Q2 24
$-28.2M
$13.8M
Q1 24
$-46.7M
$14.7M
Gross Margin
EOSE
EOSE
NOVT
NOVT
Q4 25
-93.8%
43.8%
Q3 25
-111.2%
44.8%
Q2 25
-203.2%
44.3%
Q1 25
-234.7%
44.7%
Q4 24
-324.0%
45.5%
Q3 24
-2916.9%
44.7%
Q2 24
-1472.5%
44.0%
Q1 24
-327.6%
43.5%
Operating Margin
EOSE
EOSE
NOVT
NOVT
Q4 25
-140.1%
9.6%
Q3 25
-200.6%
8.8%
Q2 25
-419.1%
6.2%
Q1 25
-506.2%
13.9%
Q4 24
-712.8%
11.2%
Q3 24
-6244.3%
13.3%
Q2 24
-3233.5%
10.9%
Q1 24
-623.2%
11.1%
Net Margin
EOSE
EOSE
NOVT
NOVT
Q4 25
-207.7%
6.8%
Q3 25
-2102.1%
4.3%
Q2 25
-1463.2%
1.9%
Q1 25
144.7%
9.1%
Q4 24
-3696.7%
6.9%
Q3 24
-40148.2%
7.9%
Q2 24
-3137.2%
5.8%
Q1 24
-707.6%
6.4%
EPS (diluted)
EOSE
EOSE
NOVT
NOVT
Q4 25
$-0.53
$0.46
Q3 25
$-4.91
$0.30
Q2 25
$-1.05
$0.12
Q1 25
$-0.20
$0.59
Q4 24
$-2.30
$0.45
Q3 24
$-1.77
$0.53
Q2 24
$-0.25
$0.38
Q1 24
$-0.23
$0.41

Balance Sheet & Financial Strength

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

Metric
EOSE
EOSE
NOVT
NOVT
Cash + ST InvestmentsLiquidity on hand
$568.0M
$380.9M
Total DebtLower is stronger
$813.3M
Stockholders' EquityBook value
$-2.2B
$1.3B
Total Assets
$885.2M
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EOSE
EOSE
NOVT
NOVT
Q4 25
$568.0M
$380.9M
Q3 25
$58.7M
$89.2M
Q2 25
$120.2M
$109.9M
Q1 25
$82.6M
$106.0M
Q4 24
$74.3M
$114.0M
Q3 24
$23.0M
$92.7M
Q2 24
$52.5M
$98.5M
Q1 24
$31.8M
$93.5M
Total Debt
EOSE
EOSE
NOVT
NOVT
Q4 25
$813.3M
Q3 25
$448.5M
Q2 25
$445.3M
Q1 25
$325.5M
Q4 24
$316.9M
Q3 24
$187.4M
Q2 24
$153.3M
Q1 24
$205.6M
Stockholders' Equity
EOSE
EOSE
NOVT
NOVT
Q4 25
$-2.2B
$1.3B
Q3 25
$-2.3B
$801.5M
Q2 25
$-1.1B
$801.4M
Q1 25
$-942.2M
$769.8M
Q4 24
$-1.1B
$745.7M
Q3 24
$-573.8M
$742.2M
Q2 24
$-190.8M
$702.0M
Q1 24
$-147.7M
$681.7M
Total Assets
EOSE
EOSE
NOVT
NOVT
Q4 25
$885.2M
$1.8B
Q3 25
$328.2M
$1.5B
Q2 25
$361.0M
$1.5B
Q1 25
$263.3M
$1.4B
Q4 24
$260.3M
$1.4B
Q3 24
$216.8M
$1.4B
Q2 24
$248.8M
$1.4B
Q1 24
$155.7M
$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
EOSE
EOSE
NOVT
NOVT
Operating Cash FlowLast quarter
$-50.3M
$8.8M
Free Cash FlowOCF − Capex
$-75.2M
$5.1M
FCF MarginFCF / Revenue
-129.7%
2.0%
Capex IntensityCapex / Revenue
43.1%
1.4%
Cash ConversionOCF / Net Profit
0.50×
TTM Free Cash FlowTrailing 4 quarters
$-265.0M
$48.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EOSE
EOSE
NOVT
NOVT
Q4 25
$-50.3M
$8.8M
Q3 25
$-65.9M
$8.5M
Q2 25
$-66.1M
$15.1M
Q1 25
$-28.9M
$31.7M
Q4 24
$-42.7M
$61.6M
Q3 24
$-44.4M
$23.0M
Q2 24
$-26.3M
$41.1M
Q1 24
$-40.5M
$32.8M
Free Cash Flow
EOSE
EOSE
NOVT
NOVT
Q4 25
$-75.2M
$5.1M
Q3 25
$-82.7M
$4.2M
Q2 25
$-73.2M
$11.7M
Q1 25
$-33.8M
$27.4M
Q4 24
$-55.8M
$59.3M
Q3 24
$-54.2M
$19.5M
Q2 24
$-32.6M
$36.2M
Q1 24
$-44.5M
$26.4M
FCF Margin
EOSE
EOSE
NOVT
NOVT
Q4 25
-129.7%
2.0%
Q3 25
-271.1%
1.7%
Q2 25
-480.2%
4.8%
Q1 25
-323.6%
11.7%
Q4 24
-769.1%
24.9%
Q3 24
-6347.5%
8.0%
Q2 24
-3628.3%
15.3%
Q1 24
-674.4%
11.4%
Capex Intensity
EOSE
EOSE
NOVT
NOVT
Q4 25
43.1%
1.4%
Q3 25
55.2%
1.7%
Q2 25
46.2%
1.4%
Q1 25
47.0%
1.8%
Q4 24
180.6%
0.9%
Q3 24
1143.2%
1.5%
Q2 24
695.9%
2.1%
Q1 24
61.2%
2.8%
Cash Conversion
EOSE
EOSE
NOVT
NOVT
Q4 25
0.50×
Q3 25
0.80×
Q2 25
3.35×
Q1 25
-1.91×
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