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

NOVANTA INC is the larger business by last-quarter revenue ($257.7M vs $257.2M, roughly 1.0× WESBANCO INC). WESBANCO INC runs the higher net margin — 34.5% vs 8.2%, a 26.3% gap on every dollar of revenue. Over the past eight quarters, WESBANCO INC's revenue compounded faster (31.9% CAGR vs 4.5%).

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.

WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.

NOVT vs WSBC — Head-to-Head

Bigger by revenue
NOVT
NOVT
1.0× larger
NOVT
$257.7M
$257.2M
WSBC
Higher net margin
WSBC
WSBC
26.3% more per $
WSBC
34.5%
8.2%
NOVT
Faster 2-yr revenue CAGR
WSBC
WSBC
Annualised
WSBC
31.9%
4.5%
NOVT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NOVT
NOVT
WSBC
WSBC
Revenue
$257.7M
$257.2M
Net Profit
$21.1M
$88.6M
Gross Margin
44.1%
Operating Margin
10.7%
Net Margin
8.2%
34.5%
Revenue YoY
10.4%
Net Profit YoY
-0.5%
54.4%
EPS (diluted)
$0.51
$0.88

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
NOVT
NOVT
WSBC
WSBC
Q1 26
$257.7M
$257.2M
Q4 25
$258.3M
$265.6M
Q3 25
$247.8M
$261.6M
Q2 25
$241.0M
$260.7M
Q1 25
$233.4M
$193.2M
Q4 24
$238.1M
$162.9M
Q3 24
$244.4M
$150.8M
Q2 24
$235.9M
$147.9M
Net Profit
NOVT
NOVT
WSBC
WSBC
Q1 26
$21.1M
$88.6M
Q4 25
$17.5M
$91.1M
Q3 25
$10.7M
$83.6M
Q2 25
$4.5M
$57.4M
Q1 25
$21.2M
$-9.0M
Q4 24
$16.5M
$49.6M
Q3 24
$19.2M
$37.3M
Q2 24
$13.8M
$28.9M
Gross Margin
NOVT
NOVT
WSBC
WSBC
Q1 26
44.1%
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%
Operating Margin
NOVT
NOVT
WSBC
WSBC
Q1 26
10.7%
Q4 25
9.6%
43.2%
Q3 25
8.8%
39.5%
Q2 25
6.2%
27.2%
Q1 25
13.9%
-5.0%
Q4 24
11.2%
38.0%
Q3 24
13.3%
29.7%
Q2 24
10.9%
23.7%
Net Margin
NOVT
NOVT
WSBC
WSBC
Q1 26
8.2%
34.5%
Q4 25
6.8%
34.3%
Q3 25
4.3%
31.9%
Q2 25
1.9%
22.0%
Q1 25
9.1%
-4.7%
Q4 24
6.9%
30.5%
Q3 24
7.9%
24.7%
Q2 24
5.8%
19.5%
EPS (diluted)
NOVT
NOVT
WSBC
WSBC
Q1 26
$0.51
$0.88
Q4 25
$0.46
$0.97
Q3 25
$0.30
$0.84
Q2 25
$0.12
$0.57
Q1 25
$0.59
$-0.15
Q4 24
$0.45
$0.72
Q3 24
$0.53
$0.54
Q2 24
$0.38
$0.44

Balance Sheet & Financial Strength

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

Metric
NOVT
NOVT
WSBC
WSBC
Cash + ST InvestmentsLiquidity on hand
$388.8M
Total DebtLower is stronger
$241.4M
Stockholders' EquityBook value
$4.1B
Total Assets
$1.8B
$27.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOVT
NOVT
WSBC
WSBC
Q1 26
$388.8M
Q4 25
$380.9M
$956.1M
Q3 25
$89.2M
$1.0B
Q2 25
$109.9M
$1.2B
Q1 25
$106.0M
$1.1B
Q4 24
$114.0M
$568.1M
Q3 24
$92.7M
$620.9M
Q2 24
$98.5M
$486.8M
Total Debt
NOVT
NOVT
WSBC
WSBC
Q1 26
$241.4M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
NOVT
NOVT
WSBC
WSBC
Q1 26
$4.1B
Q4 25
$1.3B
$4.0B
Q3 25
$801.5M
$4.1B
Q2 25
$801.4M
$3.8B
Q1 25
$769.8M
$3.8B
Q4 24
$745.7M
$2.8B
Q3 24
$742.2M
$2.8B
Q2 24
$702.0M
$2.5B
Total Assets
NOVT
NOVT
WSBC
WSBC
Q1 26
$1.8B
$27.5B
Q4 25
$1.8B
$27.7B
Q3 25
$1.5B
$27.5B
Q2 25
$1.5B
$27.6B
Q1 25
$1.4B
$27.4B
Q4 24
$1.4B
$18.7B
Q3 24
$1.4B
$18.5B
Q2 24
$1.4B
$18.1B

Cash Flow & Capital Efficiency

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

Metric
NOVT
NOVT
WSBC
WSBC
Operating Cash FlowLast quarter
$51.6M
Free Cash FlowOCF − Capex
$226.6K
FCF MarginFCF / Revenue
0.1%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.45×
TTM Free Cash FlowTrailing 4 quarters
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOVT
NOVT
WSBC
WSBC
Q1 26
$51.6M
Q4 25
$8.8M
$290.4M
Q3 25
$8.5M
$116.9M
Q2 25
$15.1M
$105.0M
Q1 25
$31.7M
$-26.4M
Q4 24
$61.6M
$211.0M
Q3 24
$23.0M
$60.7M
Q2 24
$41.1M
$18.2M
Free Cash Flow
NOVT
NOVT
WSBC
WSBC
Q1 26
$226.6K
Q4 25
$5.1M
$280.0M
Q3 25
$4.2M
$114.9M
Q2 25
$11.7M
$98.3M
Q1 25
$27.4M
$-30.7M
Q4 24
$59.3M
$200.7M
Q3 24
$19.5M
$56.9M
Q2 24
$36.2M
$17.3M
FCF Margin
NOVT
NOVT
WSBC
WSBC
Q1 26
0.1%
Q4 25
2.0%
105.4%
Q3 25
1.7%
43.9%
Q2 25
4.8%
37.7%
Q1 25
11.7%
-15.9%
Q4 24
24.9%
123.2%
Q3 24
8.0%
37.7%
Q2 24
15.3%
11.7%
Capex Intensity
NOVT
NOVT
WSBC
WSBC
Q1 26
Q4 25
1.4%
3.9%
Q3 25
1.7%
0.8%
Q2 25
1.4%
2.6%
Q1 25
1.8%
2.2%
Q4 24
0.9%
6.3%
Q3 24
1.5%
2.5%
Q2 24
2.1%
0.6%
Cash Conversion
NOVT
NOVT
WSBC
WSBC
Q1 26
2.45×
Q4 25
0.50×
3.19×
Q3 25
0.80×
1.40×
Q2 25
3.35×
1.83×
Q1 25
1.49×
Q4 24
3.74×
4.25×
Q3 24
1.20×
1.63×
Q2 24
2.99×
0.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOVT
NOVT

Segment breakdown not available.

WSBC
WSBC

Net Interest Income$215.4M84%
Noninterest Income$41.8M16%

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