Financials · NVMI

Nova Ltd. (NVMI) financials

For fiscal 2025 (ended Dec 31, 2025), Nova Ltd. reported $880.58M of revenue and $259.22M of net income.

Revenue, FY2025
$880.58M
Revenue growth, YoY
+31.0%
Net income, FY2025
$259.22M
Net income growth, YoY
+41.1%
Net margin
29.4%
Free cash flow, FY2025
$217.91M
EPS, diluted, FY2025
$7.96
EPS growth, YoY
+38.4%
Cash
$214.46M
Total debt
$731.68M
P/E
38.40
P/S
11.30
Market cap
$9.95B
Annual revenue$880.58M
FY2016FY2025
Annual net income$259.22M
FY2016FY2025
Annual free cash flow$217.91M
FY2016FY2025

NVMI revenue and earnings growth

NVMI revenueFY2025$880.58M

FY YoY
+31.0%
5Y CAGR
+26.7%
10Y CAGR
+19.5%

NVMI revenue was $880.58M for fiscal 2025 (ended Dec 31, 2025), up 31.0% from fiscal 2024. Compound annual growth was +26.7% over 5 years and +19.5% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

NVMI net incomeFY2025$259.22M

FY YoY
+41.1%
5Y CAGR
+40.2%
10Y CAGR
+32.3%

NVMI net income was $259.22M for fiscal 2025 (ended Dec 31, 2025), up 41.1% from fiscal 2024. Compound annual growth was +40.2% over 5 years and +32.3% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

NVMI EPSFY2025$7.96

FY YoY
+38.4%

NVMI diluted EPS was $7.96 for fiscal 2025 (ended Dec 31, 2025), up 38.4% from fiscal 2024.

NVMI free cash flowFY2025$217.91M

FY YoY
-0.1%
5Y CAGR
+32.3%
10Y CAGR
+26.1%

NVMI free cash flow was $217.91M for fiscal 2025 (ended Dec 31, 2025), down 0.1% from fiscal 2024. Compound annual growth was +32.3% over 5 years and +26.1% over 10 years. It rose in 4 of the last 8 fiscal years.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$880.58M$672.40M$517.92M$570.73M$416.11M$269.40M$224.91M$251.13M$221.99M$163.90M
Cost of revenue$375.38M$285.31M$224.75M$253.76M$180.67M$118.23M$103.09M$105.90M$90.81M$88.62M
Gross profit$505.20M$387.09M$293.18M$316.97M$235.44M$151.16M$121.82M$145.23M$131.19M$75.28M
Research and development$143.39M$110.26M$88.04M$90.46M$65.86M$53.02M$44.51M$45.45M$38.96M$35.00M
Selling, general and admin$26.13M$24.20M$20.40M$23.85M$17.32M$12.51M$10.07M$8.73M$8.10M$6.83M
Operating income$253.47M$187.54M$132.26M$149.93M$112.39M$55.57M$36.41M$60.44M$57.82M$10.17M
Pre-tax income$303.29M$216.29M$154.70M$158.41M$109.25M$56.50M$39.49M$63.43M$60.09M$11.38M
Income tax$44.06M$32.52M$18.39M$18.20M$16.15M$8.59M$4.32M$9.05M$13.64M$1.74M
Net income$259.22M$183.76M$136.31M$140.21M$93.10M$47.91M$35.17M$54.38M$46.46M$9.64M
EPS, basic$8.61$6.31$4.73$4.89$3.28$1.71$1.26$1.94$1.68$0.35
EPS, diluted$7.96$5.75$4.28$4.43$3.12$1.65$1.23$1.89$1.63$0.35
Diluted shares32,80032,13832,08931,87029,81628.9M28.6M28.8M28.5M27.5M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$214.46M$157.78M$107.57M$111.72M$126.70M$232.30M$31.75M$22.88M$27.70M$20.41M
Short-term investments$321.80M$216.91M$216.26M$167.07M$61.57M$191.57M$154.53M$152.95M$121.39M$70.55M
Receivables$151.93M$139.32M$111.26M$109.32M$68.45M$63.31M$51.60M$53.53M$40.95M$42.63M
Inventory$183.67M$156.60M$138.20M$116.60M$78.67M$61.73M$48.36M$41.79M$34.92M$29.26M
Current assets$1.41B$901.95M$710.22M$612.95M$566.52M$558.70M$302.93M$281.58M$231.91M$167.68M
Goodwill$90.81M$48.32M$50.08M$49.01M$20.11M$20.11M$20.11M$20.11M$20.11M$20.11M
Total assets$2.36B$1.39B$1.13B$984.11M$805.15M$655.79M$400.44M$333.43M$283.29M$218.59M
Current liabilities$224.53M$388.23M$322.81M$134.07M$287.93M$60.93M$46.23M$48.08M$52.13M$39.03M
Long-term debt$731.68M$0$0$196.39M$0$178.81M----
Total debt$731.68M$0$0$196.39M$0$178.81M----
Total liabilities$1.04B$462.63M$383.06M$397.14M$331.40M$284.25M$85.90M$52.69M$56.55M$43.88M
Shareholders' equity$1.32B$927.79M$750.75M$586.96M$473.75M$371.54M$314.54M$280.74M$226.74M$174.72M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$245.61M$235.27M$123.53M$119.54M$132.26M$60.25M$40.69M$37.12M$61.81M-$4.16M
Capital expenditures$27.70M$17.21M$17.19M$21.31M$4.82M$6.44M$21.27M$3.68M$6.29M$3.13M
Free cash flow$217.91M$218.05M$106.34M$98.22M$127.45M$53.81M$19.42M$33.45M$55.52M-$7.29M
Investing cash flow-$837.17M-$136.40M-$125.33M-$100.26M-$238.50M-$42.46M-$25.45M-$36.68M-$57.14M-$4.38M
Financing cash flow$642.21M-$48.35M$10.0K-$29.81M$11.0K$181.41M-$6.67M-$4.44M$2.62M$1.21M
Share repurchases$35.00M$30.00M$112.0K$21.42M$0$12.55M$7.16M$4.80M-$937.0K
Stock-based compensation$26.29M$25.21M$18.29M$16.65M$10.49M$6.95M$5.09M$4.33M$2.78M$2.73M
Depreciation and amortization------$5.40M$5.07M$3.62M$4.05M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY31.0%29.8%-9.3%37.2%54.5%19.8%-10.4%13.1%35.4%10.4%
Net income growth, YoY41.1%34.8%-2.8%50.6%94.3%36.2%-35.3%17.0%381.7%-38.7%
EPS growth, YoY38.4%34.3%-3.4%42.0%-34.1%-34.9%16.0%365.7%-38.6%
Gross margin57.4%57.6%56.6%55.5%56.6%56.1%54.2%57.8%59.1%45.9%
Operating margin28.8%27.9%25.5%26.3%27.0%20.6%16.2%24.1%26.0%6.2%
Net margin29.4%27.3%26.3%24.6%22.4%17.8%15.6%21.7%20.9%5.9%
Free cash flow margin24.7%32.4%20.5%17.2%30.6%20.0%8.6%13.3%25.0%-4.4%
Return on equity19.7%19.8%18.2%23.9%19.7%12.9%11.2%19.4%20.5%5.5%
Return on assets11.0%13.2%12.0%14.2%11.6%7.3%8.8%16.3%16.4%4.4%
Current ratio6.282.322.204.571.979.176.555.864.454.30
Debt to equity0.560.000.000.330.000.48----

Source: XBRL data Nova Ltd. files with the SEC, latest filing dated Feb 17, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

NVMI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NVMI$880.58M+31.0%$259.22M29.4%$9.95B
KLAC$14.51B+15.8%$5.26B36.2%$180.45B
SNDK$28.97B+272.4%$19.42B67.0%$118.82B
STX$13.80B+44.4%$4.40B31.9%$105.83B
WDC$14.48B+43.0%$10.02B69.2%$98.74B
TEL$19.32B+16.5%$3.02B15.6%$59.93B
COHR$7.91B+30.8%$960.42M12.1%$37.97B
NTAP$7.39B+12.2%$1.42B19.2%$33.23B
P$4.26B+27.2%$253.28M5.9%$32.24B

NVMI FAQ

9 questions
  • What is NVMI revenue?
    Nova Ltd. (NVMI) reported $880.58M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 31.0% from the year before.
  • Is NVMI profitable?
    Yes. Nova Ltd. earned $259.22M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 29.4%.
  • How much cash and debt does NVMI have?
    Nova Ltd. reported $214.46M in cash and cash equivalents and $731.68M of debt on its most recent balance sheet in SEC filings.
  • How fast is NVMI revenue growing?
    Nova Ltd.'s revenue changed +31.0% in fiscal 2025, to $880.58M. Its compound annual growth rate was +26.7% over 5 years and +19.5% over 10 years.
  • What is NVMI gross margin?
    Nova Ltd.'s gross profit was $505.20M on $880.58M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 57.4%.
  • What is NVMI free cash flow?
    Nova Ltd. generated $217.91M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $245.61M less capital expenditures.
  • What is NVMI earnings per share?
    Diluted earnings per share were $7.96 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did NVMI last report financial results?
    The latest statements here come from Nova Ltd.'s 20-F filed on Feb 17, 2026, covering the period ended Dec 31, 2025.
  • Where does this NVMI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Nova Ltd. files with the SEC. It is provided for information only and is not investment advice.