NOVT vs ESAB
Comparison between Novanta Inc (NOVT, Company) and ESAB Corp (ESAB, Company).
NOVT is from the Technology sector, while ESAB is from the Industrials sector.
NOVT vs ESAB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
Winner
NOVT
$5.50B
ESAB
$5.05B
Max Drawdown
NOVT
46.71%
Winner
ESAB
41.24%
Sharpe Ratio
Winner
NOVT
0.63
ESAB
-0.70
5Y Beta
NOVT
1.61
Winner
ESAB
1.23
Industry
NOVT
Scientific & Technical Instruments
ESAB
Metal Fabrication
P/E Ratio
NOVT
102.75
Winner
ESAB
24.28
Forward P/E
Winner
NOVT
8.39
ESAB
14.10
PEG Ratio
NOVT
2.11
Winner
ESAB
1.12
Dividend Yield
NOVT
N/A
ESAB
0.48%
5Y EPS CAGR
NOVT
3.84%
ESAB
N/A
Debt to Equity
Winner
NOVT
18.41%
ESAB
92.94%
Free Cash Flow Yield
NOVT
1.24%
Winner
ESAB
4.33%
P/S Ratio
NOVT
5.58
Winner
ESAB
1.83
P/B Ratio
NOVT
4.36
Winner
ESAB
2.30
NOVT vs ESAB - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NOVT
+0.84%
ESAB
-2.80%
3M
Winner
NOVT
+34.29%
ESAB
-11.53%
6M
Winner
NOVT
+34.96%
ESAB
-21.01%
1Y
Winner
NOVT
+27.32%
ESAB
-26.56%
5Y(CAGR)
NOVT
+3.52%
Winner
ESAB
+15.86%
10Y(CAGR)
NOVT
+26.35%
ESAB
N/A
Max(CAGR)
Winner
NOVT
+27.03%
ESAB
+15.86%
NOVT vs ESAB - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | NOVT | ESAB |
|---|---|---|
| 2026 | +44.44% | -18.58% |
| 2025 | -21.16% | -5.28% |
| 2024 | -7.02% | +41.37% |
| 2023 | +24.91% | +79.15% |
| 2022 | -21.81% | -5.81% |
| 2021 | +49.84% | N/A |
| 2020 | +29.17% | N/A |
| 2019 | +38.01% | N/A |
| 2018 | +24.75% | N/A |
| 2017 | +132.02% | N/A |
| 2016 | +58.85% | N/A |
NOVT vs ESAB Drawdown Comparison
The maximum drawdown for NOVT was -46.71%, occurring on Nov 20, 2025. This drawdown has not yet recovered.
The maximum drawdown for ESAB was -41.08%, occurring on Oct 14, 2022. Recovery took 194 trading sessions.
The current NOVT drawdown is -13.79%. The current ESAB drawdown is -32.02%.
| Rank | NOVT | ESAB |
|---|---|---|
| #1 | -46.71% Jul 16, 2024 - Nov 20, 2025 | -41.08% Apr 13, 2022 - Jan 23, 2023 |
| #2 | -38.60% Nov 4, 2021 - Jun 29, 2023 | -38.43% Feb 13, 2026 - Jun 10, 2026 |
| #3 | -34.98% Jul 17, 2023 - Jul 16, 2024 | -22.54% Nov 11, 2024 - Feb 13, 2026 |
| #4 | -31.80% Feb 13, 2020 - May 20, 2020 | -19.20% Apr 8, 2024 - Oct 18, 2024 |
| #5 | -27.81% Aug 27, 2018 - Feb 22, 2019 | -15.27% Aug 1, 2023 - Nov 3, 2023 |
| #6 | -24.96% Jun 28, 2019 - Jan 13, 2020 | -10.24% Mar 29, 2022 - Apr 12, 2022 |
| #7 | -19.00% Nov 21, 2017 - Jan 16, 2018 | -10.08% Feb 2, 2023 - Jun 2, 2023 |
| #8 | -18.56% Jan 26, 2018 - Apr 17, 2018 | -5.09% Jun 16, 2023 - Jun 29, 2023 |
| #9 | -16.09% Aug 6, 2020 - Oct 9, 2020 | -4.90% Dec 28, 2023 - Jan 23, 2024 |
| #10 | -15.54% Feb 12, 2021 - Aug 11, 2021 | -4.02% Nov 24, 2023 - Dec 5, 2023 |
| #11 | -11.81% Jun 5, 2020 - Aug 6, 2020 | -3.55% Jun 30, 2023 - Jul 10, 2023 |
| #12 | -11.56% Apr 12, 2019 - Jun 18, 2019 | -3.41% Oct 18, 2024 - Oct 29, 2024 |
| #13 | -11.54% Jun 14, 2018 - Jul 20, 2018 | -2.70% Jul 12, 2023 - Aug 1, 2023 |
| #14 | -11.40% Jan 5, 2016 - Mar 4, 2016 | -2.47% Jun 2, 2023 - Jun 7, 2023 |
| #15 | -11.16% Sep 24, 2021 - Oct 22, 2021 | -2.41% Oct 29, 2024 - Nov 5, 2024 |
Correlation
Correlation between NOVT and ESAB is -0.06 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.06
-101
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