MARKETS / NASDAQ / NVMI

NASDAQ · OPTICAL INSTRUMENTS & LENSES · LARGE CAP

Nova Ltd. NVMI

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$880.6M

▲ 31.0% YoY

Net income

$259.2M

▲ 41.1% YoY

Free cash flow

$217.9M

▼ 0.1% YoY

In brief

What this company does

It has manufacturing facilities for its optical-based product lines in Rehovot and Nes Ziona, Israel, for its X-ray and SIMS-based product lines in Fremont, California, for its chemical analysis and metrology product lines in Bad Urach, Germany, and for its optical metrology technology for advanced packaging product lines in Mannheim, Germany. At the end of 2025, it had seven direct fully owned subsidiaries, located in the United States, Taiwan, Korea, China, Japan, Singapore and Germany. A significant portion of its sales are concentrated among a relatively small number of customers. Its product portfolio is composed of four metrology categories: integrated, standalone (dimensional and materials), chemical and software. Its headquarters is located in Rehovot, Israel. Nova Ltd. was incorporated in May 1993 under the laws of the State of Israel. On July 25, 2021, the company changed its legal name from Nova Measuring Instruments Ltd. to Nova Ltd.

Written from the business description in NOVA LTD.'s annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth

USD 880.6M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 880.6 · Net income 259.2

Compound annual growth

Revenue

+15.6%

+26.7%

+19.5%

+16.7%

Net income

+22.7%

+40.2%

+32.3%

+17.8%

EPS, diluted

+21.6%

Returned to shareholders

+18.0%

+23.5%

+33.2%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +26.7% a year over five years — but profit grew faster: net income at +40.2%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

29 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 28.8% · Net 29.4%

ROE

FY2025 · ROE 23.1%

Gross margin57.4%

Operating margin28.8%

Net margin29.4%

Return on assets13.8%

EBITDAUSD 266.9M

Each USD of equity produced 23 cents of profit this year.

Cash & shareholders

USD 35.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 217.9

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks 35.0

Dividends paid—

Net buybacksUSD 35.0M

Share of profit13.5%

Consecutive raises—

USD 35.0M in buybacks — 14% of the year's profit went back to shareholders.

Total assetsUSD 2.4B

EquityUSD 1.3B

CashUSD 214.5M

Current ratio6.28×

Equity funds 56% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.9	0.7	0.5	0.6	0.4	0.3	0.2	0.3	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.0
Operating income $B	0.3	0.2	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	0.3	0.2	0.1	0.2	0.1	0.1	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	−0.0	·	·
Net income $B	0.3	0.2	0.1	0.1	0.1	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.2	0.2	0.1	0.1	0.1	0.1	0.0	0.0	0.1	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0
EPS, diluted $	7.96	5.75	4.28	4.43	3.12	1.65	1.23	1.89	1.63	0.35	0.57	0.67	0.38	0.43	1.04	0.86	0.13
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
ROE %	23.1	21.9	20.4	26.4	22.0	14.0	11.8	21.4	23.1	5.7	10.3	13.7	8.6	11.0	33.4	46.5	9.8
Shares out B	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityOptical Instruments & Lenses

Listed onNASDAQ

Incorporated innot stated in the filings

Fiscal year endsDecember 31

Data on record since2009