Nova Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Nova Ltd (NVMI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Nova Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 881M vs 170,119M combined for tracked competitors (0.5% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs accelerating (+30.1%) for its tracked peer group.
- Growth: Nova Ltd generated 31.0% revenue growth year over year in Q4 2025, vs 4.3% for its tracked competitors combined.
- Profitability: Its 29.4% net margin compares with 4.0% for the peer group.
- Scale: Nova Ltd ranks #7 of 21 companies by market capitalization in the Scientific & Technical Instruments industry, holding 1.8% of industry market cap.
- Peer revenue share: Nova Ltd accounted for 1.6% of combined revenue among its tracked peer group, up from 1.3% a year earlier.
- Peer differentiation: Revenue per employee of $1.29M compares with $0.37M for the peer group (3.5x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
NVMI Sales vs. its Competitors, Q4 2025
Nova Ltd reported revenue growth of 30.96 % year on year in Q4 2025, above its competitors' combined revenue growth of 4.34 %.
With a net margin of 29.44 %, Nova Ltd achieved higher profitability than its competitors (4.04 %).
Nova Ltd generated 1.57 % of the combined sales of its peer group, up from 1.25 % a year earlier.
Nova Ltd vs. its Competitors, Q4 2025
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Nova Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Nova Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Nova Ltd's competitor groups requires a Commercial License.
For context: the Scientific & Technical Instruments industry grew revenue 12.8% year over year, combined, vs 31.0% for Nova Ltd. Nova Ltd's share of combined industry revenue moved from 3.06% to 3.55%, a gain of 0.49 percentage points.
Nova Ltd's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Nova Ltd | Yes | Yes | Yes | No |
| Competitors combined (54) | ||||
| High-Confidence Competitors (4) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
NVMI Stock Performance relative to its Competitors
NVMI Stock Performance relative to High-Confidence Competitors
NVMI Stock Performance relative to Similar-Size Competitors
NVMI Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Emcore Corporation | 282.9% | Outperformed |
| 2 | Maxlinear Inc | 282.9% | Outperformed |
| 3 | Ieh Corp | 282.9% | Outperformed |
| 4 | Viavi Solutions Inc | 282.9% | Outperformed |
| 5 | Semtech Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Nova Ltd's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Nova Ltd's Comment on Competition and Industry Peers
Publicly Traded Peers of Nova Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Nova Ltd | 12,149.78 | 880.58 |
| Texas Instruments Incorporated | 256,045.20 | 19,453.00 |
| Monolithic Power Systems Inc | 66,560.11 | 3,273.20 |
| Nxp Semiconductors N v | 59,913.03 | 12,615.00 |
| Stmicroelectronics N v | 48,681.75 | 11,800.00 |
| Jabil Inc | 33,966.05 | 33,590.00 |
| SUBTOTAL | 732,391.73 | 171,438.46 |
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Sources: Nova Ltd's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Nova Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Nova Ltd's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| KLA Corp. | Named by the company | 85% |
| Applied Materials Inc. | Named by the company | 85% |
| Vicinity Motor Corp | Named by the company | 85% |
| LAM Research | Named by the company | 85% |
| ASML Holdings N.V. | Named by the company | 85% |
| Bioceres Crop Solutions Corp | Named by the company | 85% |
| Onto Innovation Inc. | Named by the company | 85% |
| Xmax Inc | Named by the company | 85% |
| Westlake Corporation | Named by the company | 85% |
| Playboy Inc | Named by the company | 85% |
| Neuroone Medical Technologies Corp | Named by the company | 85% |
| Tilly s Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Nova Ltd's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Nova Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Texas Instruments Incorporated | Analog 81.33 % |
| Stmicroelectronics N v | Analog Products, MEMS and Sensors Group 43.09 % |
| Jabil Inc | Intelligent Infrastructure 47.64 % |
| On Semiconductor Corporation | Automative 52.69 % |
| Macom Technology Solutions Holdings Inc | Reportable 100.00 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Nova Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Nova Ltd | 12,150 | 1,291,169 | 380,092 |
| Texas Instruments Incorporated | 256,045 | 589,485 | 183,394 |
| Monolithic Power Systems Inc | 66,560 | 727,217 | 178,736 |
| Nxp Semiconductors N v | 59,913 | 392,148 | 84,056 |
| Stmicroelectronics N v | 48,682 | 561,905 | 8,571 |
| Jabil Inc | 33,966 | 248,815 | 6,378 |
| PEERS TOTAL | 720,242 | 367,504 | 24,960 |
Nova Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Monolithic Power Systems Inc | CN 51.13 % |
| Stmicroelectronics N v | Singapore 55.62 % |
| On Semiconductor Corporation | United Kingdom 25.92 % |
| Macom Technology Solutions Holdings Inc | United States 39.45 % |
| Lattice Semiconductor Corp | CN 66.78 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Nova Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 20 companies in Nova Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Nova Ltd ranks #7 of 20 companies by market capitalization in its industry, holding 1.85 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,027, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Thermo Fisher Scientific Inc | 249,564 | 38.24 % |
| 2 | Kla Corporation | 245,900 | 37.68 % |
| 3 | Coherent Corp | 56,662 | 8.68 % |
| 4 | Rockwell Automation Inc | 48,348 | 7.41 % |
| 5 | Onto Innovation Inc | 1,234 | 5.2% |
| 6 | Trimble Inc | 1,234 | 5.2% |
| 7 | Nova Ltd | 12,068 | 1.85 % |
| 8 | Camtek Ltd | 1,234 | 5.2% |
| 9 | Mirion Technologies Inc | 1,234 | 5.2% |
| 10 | 908 Devices inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Nova Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Nova Ltd's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 2 | Kla Corporation | 245,900 | 76.69 % |
| 3 | Coherent Corp | 56,662 | 172.12 % |
| 4 | Rockwell Automation Inc | 48,348 | 24.56 % |
| 5 | Onto Innovation Inc | 14,177 | 123.05 % |
| 6 | Trimble Inc | 1,234 | 12.3% |
| 7 | Nova Ltd | 12,068 | 19.87 % |
| 8 | Camtek Ltd | 1,234 | 12.3% |
| 9 | Mirion Technologies Inc | 1,234 | 12.3% |
| 10 | 908 Devices inc | 1,234 | 12.3% |
| 11 | Syntec Optics Holdings Inc | 1,234 | 12.3% |
| 12 | Quantum si Incorporated | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Nova Ltd's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Nova Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Scientific & Technical Instruments industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (31 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 57.37 % | 44.10 % (avg) | +13.3 pp |
| Operating Margin | 28.78 % | industry median | +24.1 pp |
| EBITDA Margin | 36.20 % | 5.11 % (avg) | +31.1 pp |
| Capital Intensity (Capex / Revenue) | 3.15 % | 3.13 % (avg) | +0.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Nova Ltd's Valuation vs Competitive Position
Valuation multiples vs the Scientific & Technical Instruments industry average (31 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 40.4x | 54.1x | -13.8x |
| EV / EBITDA | 34.7x | 26.7x | +8.0x |
| P/B | 8.0x | 5.0x | +3.0x |
| Return on Equity | 19.66 % | industry aggregate | 2.81 % |
| Return on Invested Capital | 7.19 % | -1.73 % (avg) | 8.92 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Nova Ltd's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | -9.25 % | 29.83 % | 30.96 % |
| Operating Margin | 25.54 % | 27.89 % | 28.78 % |
| Return on Invested Capital | 8.20 % | 9.43 % | 7.19 % |
| P/E | 27.0x | 33.4x | 40.4x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Nova Ltd's Strategic Group Map
Every company in Nova Ltd's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Nova Ltd is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Nova Ltd's BCG Growth-Share Matrix
Relative market share (vs Nova Ltd's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Nova Ltd falls in the Dog quadrant: relative market share of 0.05x vs its largest competitor, in an industry growing revenue 7.7% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Thermo Fisher Scientific Inc alone holds 38% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Nova Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 3,027 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 3.15 % vs industry average 3.13 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Nova Ltd's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Nova Ltd's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Nova Ltd's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Nova Ltd falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Nova Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 24.1 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.05x).
Opportunities
- Trades at a lower P/E than the industry average (40.4x vs 54.1x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
- Industry dominated by Thermo Fisher Scientific Inc , holding 38.24 % of industry market cap.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Nova Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Nova Ltd | 0.96 | 6.28 | 0.56 |
| Texas Instruments Incorporated | 1.09 | 4.53 | 0.88 |
| Monolithic Power Systems Inc | 2.67 | 5.07 | - |
| Nxp Semiconductors N v | 0.88 | 2.08 | 2.36 |
| Stmicroelectronics N v | 0.85 | 3.36 | 0.14 |
| Jabil Inc | 0.11 | 0.99 | 2.44 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Nova Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Nova Ltd | Q4 2025 | +31.0 % | +41.1 % |
| Texas Instruments Incorporated | Q2 2026 | +22.8 % | +52.9 % |
| Monolithic Power Systems Inc | Q2 2026 | +47.7 % | +92.4 % |
| Nxp Semiconductors N v | Q1 2026 | +12.2 % | +128.0 % |
| Stmicroelectronics N v | Q4 2025 | -11.1 % | -88.5 % |
| Jabil Inc | Q2 2026 | +11.8 % | +23.9 % |
| PEERS TOTAL | +9.8 % | +50.7 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Nova Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Nova Ltd | Q4 2025 | +31.6 % | +60.9 % |
| Texas Instruments Incorporated | Q2 2026 | +12.7 % | -60.6 % |
| Monolithic Power Systems Inc | Q2 2026 | +47.5 % | +71.2 % |
| Nxp Semiconductors N v | Q1 2026 | +9.3 % | +68.0 % |
| Stmicroelectronics N v | Q4 2025 | -3.1 % | +0.0 % |
| Jabil Inc | Q2 2026 | +10.9 % | +114.0 % |
Nova Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Nova Ltd | 10.98% | 11.74% | 19.66% |
| Texas Instruments Incorporated | 17.31% | 18.74% | 35.77% |
| Monolithic Power Systems Inc | 18.46% | 20.46% | 22.22% |
| Nxp Semiconductors N v | 10.27% | 7.92% | 26.40% |
| Stmicroelectronics N v | 0.73% | 0.82% | 1.01% |
| Jabil Inc | 4.19% | 15.49% | 62.17% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Nova Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Nova Ltd | 46.54 | 13.80 |
| Texas Instruments Incorporated | 42.36 | 13.16 |
| Monolithic Power Systems Inc | 96.38 | 20.33 |
| Nxp Semiconductors N v | 22.61 | 4.75 |
| Stmicroelectronics N v | 293.00 | 4.13 |
| Jabil Inc | 39.92 | 1.01 |
| PEERS AVERAGE | 61.84 | 4.27 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.