COMP <GO>
NOVT vs MIDD // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Novanta Inc. (NASDAQ) VS. Middleby Corporation (NASDAQ) • 15-METRIC TALLY: NOVT 5
— MIDD 7
■ METRIC PARITY
LAST: $146.24 (+0.33%) • MKT CAP: $5.51B
options-implied-move
—
LAST: $123.47 (+3.80%) • MKT CAP: $5.38B
options-implied-move
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NOVT VS. MIDD)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | NOVT | MIDD | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 44.40% | 39.10% | +5.30 | NOVT | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 6.50% | 9.70% | -3.20 | MIDD | /roic <GO> |
| EV/EBITDA & P/E Valuation | 51.7x | 11.4x | +40.30 | MIDD | /valuation <GO> |
| Free Cash Flow Yield | 0.85% | 10.52% | -9.67 | MIDD | /fcf-yield <GO> |
| Operating Margin | 9.60% | 18.00% | -8.40 | MIDD | /operating-margins <GO> |
| Net Profit Margin | 5.50% | 11.50% | -6.00 | MIDD | /net-margins <GO> |
| Revenue Growth (YoY) | 3.30% | 1.60% | +1.70 | NOVT | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 8.30 | 3.08 | +5.22 | NOVT | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 51.7 | 70.0 | -18.30 | MIDD | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.01 | 0.94 | +0.07 | NOVT | /macro-sensitivity <GO> |
| Forward P/E Multiple | 98.8x | 13.5x | +85.30 | MIDD | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.51B | $5.38B | $133.1M | NOVT | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | NOVT REV | MIDD REV | NOVT GROSS % | MIDD GROSS % | NOVT FCF | MIDD FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $980.6M | $3.20B | 44.4% | 39.1% | $48.4M | $559.5M |
| FY 2024 | $949.2M | $3.15B | 44.4% | 39.7% | $141.3M | $650.1M |
| FY 2023 | $881.7M | $3.24B | — | — | $80.4M | $482.9M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
NOVT // BETA 1.01
MIDD // BETA 0.94