Makes metrology and process-control systems for semiconductor manufacturing.
Sector: United States — large cap (SEC filings)
US_NVMI
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/NVMI
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-09-30 | Q3 2026 (3M) | OK | 287.8 y/y 28.2% | 92.8 y/y 45.4% | 6.0 y/y 5.7% | 98.8 y/y 42.1% | 90.0 y/y 46.5% | 138.1 | -6.4 | 2576.1 y/y 11.6% | 1511.7 y/y 29.1% | 24.2% | 546.4 | Yahoo Finance |
| 2026-06-30 | Q2 2026 (3M) | OK | 255.0 y/y 15.9% | 76.2 y/y 16.1% | 6.0 y/y 9.5% | 82.2 y/y 15.6% | 75.0 y/y 9.8% | 40.9 | -2.5 | 2489.4 y/y 62.3% | 1465.2 y/y 33.6% | 21.0% | 608.7 | Yahoo Finance |
| 2026-03-31 | Q1 2026 (3M) | OK | 235.3 y/y 10.3% | 70.8 y/y 12.0% | 5.8 y/y 18.5% | 76.6 y/y 12.5% | 69.3 y/y 6.8% | 40.1 | -4.0 | 2415.7 y/y 65.0% | 1387.6 y/y 41.3% | 20.5% | 310.8 | Yahoo Finance |
| 2025-12-31 | Q4 2025 (3M) | OK | 222.6 y/y 14.3% | 60.7 y/y 9.5% | 6.3 y/y 46.9% | 67.0 y/y 12.2% | 64.7 y/y 28.1% | 60.1 | -11.8 | 2360.5 y/y 69.8% | 1318.2 y/y 42.1% | 20.8% | 262.9 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 224.6 y/y 25.5% | 63.9 y/y 29.7% | 5.7 y/y 30.6% | 69.5 y/y 29.8% | 61.4 y/y 19.8% | 71.3 | -4.3 | 2307.5 y/y 73.0% | 1170.7 y/y 29.0% | 21.7% | 362.1 | stockanalysis.com |
| 2025-06-30 | Q2 2025 (3M) | OK | 220.0 y/y 40.2% | 65.6 y/y 43.9% | 5.5 y/y 25.5% | 71.1 y/y 42.3% | 68.3 y/y 51.3% | 45.7 | -2.7 | 1533.6 y/y 23.0% | 1096.4 y/y 30.1% | 26.3% | 48.7 | stockanalysis.com |
| 2025-03-31 | Q1 2025 (3M) | OK | 213.4 y/y 50.5% | 63.2 y/y 69.9% | 4.9 y/y 12.1% | 68.1 y/y 63.8% | 64.8 y/y 75.9% | 68.5 | -8.9 | 1463.8 y/y 23.1% | 982.1 y/y 24.0% | 27.2% | 94.7 | stockanalysis.com |
| 2024-12-31 | Q4 2024 (3M) | OK | 194.8 y/y 45.1% | 55.5 y/y 64.8% | 4.3 y/y 1.9% | 59.8 y/y 57.8% | 50.5 y/y 32.6% | 68.5 | -8.1 | 1390.4 y/y 22.6% | 927.8 y/y 23.6% | 20.0% | -138.6 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 179.0 y/y 38.9% | 49.2 y/y 44.2% | 4.4 y/y 2.4% | 53.6 y/y 39.6% | 51.3 y/y 52.2% | 47.0 | -3.9 | 1333.4 y/y 23.0% | 907.3 y/y 29.5% | 23.4% | ≈ -83.9 | stockanalysis.com |
| 2024-06-30 | Q2 2024 (3M) | PARTIAL | 156.9 y/y 27.8% | 45.6 y/y 58.9% | 4.4 y/y 10.3% | 50.0 y/y 53.0% | 45.1 y/y 50.8% | 60.3 | -2.4 | 1247.0 y/y 20.0% | 842.6 y/y 27.2% | 22.1% | -83.9 | stockanalysis.com |
| 2024-03-31 | Q1 2024 (3M) | OK | 141.8 y/y — | 37.2 y/y — | 4.4 y/y — | 41.6 y/y — | 36.9 y/y — | 59.4 | -2.8 | 1189.6 y/y — | 791.8 y/y — | 19.1% | ≈ -277.4 | stockanalysis.com |
| 2023-12-31 | Q4 2023 (3M) | OK | 134.2 y/y — | 33.7 y/y — | 4.2 y/y — | 37.9 y/y — | 38.1 y/y — | 29.6 | -7.6 | 1133.8 y/y — | 750.8 y/y — | 18.8% | -79.7 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 128.8 y/y — | 34.1 y/y — | 4.2 y/y — | 38.4 y/y — | 33.7 y/y — | 46.7 | -3.6 | 1084.2 y/y — | 700.8 y/y — | 19.8% | — | stockanalysis.com |
| 2023-06-30 | Q2 2023 (3M) | OK | 122.7 y/y — | 28.7 y/y — | 4.0 y/y — | 32.7 y/y — | 29.9 y/y — | 24.2 | -3.3 | 1039.1 y/y — | 662.3 y/y — | — | — | stockanalysis.com |
| Long-term debt (incl. LT leases) | 735 |
| − Cash & equivalents | 188 |
| Net debt | 546 |
|---|
Net debt / LTM EBITDA: 1.7x
Quarterly values ($ mln)
Year-over-year change
Operating and investing cash flow (OCF + ICF) ($ mln)
Net debt / cash ($ mln)
| year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| cash flow / profit | 1.42x | 0.85x | 0.91x | 1.28x | 0.95x |
| accruals, % of assets | -4.9% | 2.1% | 1.1% | -3.7% | 0.6% |
Our earnings breakdowns and investment notes on this issuer.
Value the company creates per year, as a % of market cap
Value created per year: +16.5%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-09-30 vs 2025-09-30) = (99 − 70) × 3.29 | 96 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (10 102 + 546) ÷ 325 | 30.0x — capped at 30x |
| 3. Target multiple (Current EV/EBITDA + 12) ÷ 2 = (30.0 + 12) ÷ 2 | 21.0x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = -184 + 0 + 38 − 0 | -146 |
| 4b. Share dilution (at market, LTM) Share-count growth over the year × Market cap = 2.1% × 10 102 | −208 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (96 × 21.0 + -146 − 208) ÷ 10 102 | +16.5% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
Current 33.8x · 3-year 75th pct 43.9x
Group: materials (US). Every peer trades on the same market, so no adjustment is needed.
| Company | Market | Cap, $bn | EV/EBITDA |
|---|---|---|---|
| Ultra Clean Holdings, Inc. | US | 2.3 | 18.1x |
| APPLIED MATERIALS INC /DE | US | 302.3 | 25.7x |
| ICHOR HOLDINGS, LTD. | US | 1.4 | 26.3x |
| AXCELIS TECHNOLOGIES INC | US | 3.3 | 26.8x |
| LAM RESEARCH CORP | US | 292.0 | 28.5x |
| FORMFACTOR INC | US | 7.2 | 31.5x |
| KLA CORP | US | 205.0 | 31.7x |
| ASML | US | 586.0 | 32.2x |
| ONTO INNOVATION INC. | US | 10.3 | 58.9x |
| Group median | 28.5x | ||
| Group average | 31.1x | ||
| This company | US | 10.4 | 32.8x |
Group median 28.5x; this company 32.8x — a 15% premium.
Group average 31.1x; against the average this company is at a 6% premium.
At the adjusted group median the market cap would be -14% versus today.
The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 19.1x, Russia 4.0x, South Africa 5.8x, Kazakhstan 6.1x, India 19.3x, Indonesia 5.2x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-11-13; the company's own is live.
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of NOVA LTD. (NVMI) — from primary filings.
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