The Filing Desk

Eastman Kodak vs Novanta

Eastman Kodak KODK · Novanta NOVT · Electronic Equipment & Instruments

Eastman Kodak reported revenue of $1.1 billion in fiscal 2025, about the same as Novanta's $981 million in fiscal 2025. Eastman Kodak's revenue grew 2.5% in its latest year, and Novanta's grew 3.3%. Eastman Kodak had an operating margin of 0.0%, against 9.6% at Novanta. Free cash flow was $446 million at Eastman Kodak and $48 million at Novanta.

Side by side

Eastman KodakNovanta
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.1B$981M
Revenue growth2.5%3.3%
Revenue growth a year, last 5 years0.8%10.7%
Gross margin21.7%44.4%
Operating margin0.0%9.6%
Net margin−12.0%5.5%
Free cash flow$446M$48M
Free cash flow margin41.7%4.9%
Return on capital0.0%6.5%
Net debt to EBITDA−7.8x−0.8x
Dividends and buybacks$9M$39M
Change in diluted share count−5.7%1.6%
Last close$8.01$135.15
P/E at the last close—86.1×
Insider trades, last 12 monthsbought $57,350, sold $157,952sold $11.6 million
Piotroski F-score7 of 95 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Eastman KodakNovanta
Operating margin
Percent of revenue
Eastman KodakNovanta
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Eastman KodakNovanta

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Eastman Kodak and Novanta pages.