Is the business good?
How good a business is NVMI?
Nova Ltd. earns 26% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
26%
Return on invested capital · cost of capital 9.0% · 17 points above what the capital costs: growth creates value
- Operating margin
- 29%
Operating margin · Semiconductor Equipment & Materials median 8.4% · fiscal year to FY2025
- Cash conversion
- 0.84×
Cash conversion · 1.19× a year ago · some of the reported profit has not turned into cash yet
- R&D as % of revenue
- 16%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | 21% |
| FY2021 | 27% |
| FY2022 | 26% |
| FY2023 | 26% |
| FY2024 | 28% |
| FY2025 | 29% |
Details›
- Gross marginfiscal year to FY2025
- 57%
- Operating marginfiscal year to FY2025
- 29%
- Net marginfiscal year to FY2025
- 29%
- Free cash flow margin
- 25%
- R&D as % of revenue
- 16%
- Revenue, trailing twelve months
- $881M
- Free cash flow, trailing twelve months
- $218M
- Net income, trailing twelve months
- $259M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 26%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Semiconductor Equipment & Materials
Ranks #12 of 22 by Smart Score