Also trades as: NVMI.TA (TLV) · $vol 26M · 0YAA.L (LSE) · $vol 5M

$327.60

+11.27 (+3.56%)

Weekly Expected Move ±6.3%

$272 $292 $311 $331 $350

NASDAQ · Technology · Semiconductors · Tech Score Strong Sell · Power 31 · $10.4B mcap · 32M float · 1.57% daily turnover · Short 60% of daily vol

Credit Risk of going bust: higher than 54% of companies Debt: 7.2% of company value Bonds: $95.7M held by 42 funds → details ▾

If the stock fell to about $5.42 (down 98%), Nova Ltd. would be worth roughly what it owes.
Total debt $803.5M against a stock market value of $10.42B.
Distance to default 4.71 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $733.6M (short-term plus half of long-term), stock volatility 59.1%; Altman Z'' 3.69. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

63.7 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 18.4% · 5Y Avg: 74.7%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. NVMI has a Narrow competitive edge (63.7/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Cost Advantage. ROIC of 18.4% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$475

Low

$548

Avg Target

$600

High

Based on 3 analysts since Aug 6, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 12Hold: 2Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$548.33

Analysts3

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-08-07	Needham	Charles Shi	$500	$570	+70	+48.3%	$384.47
2026-08-07	Evercore ISI	—	$600	$475	-125	+25.4%	$378.89
2026-08-06	Jefferies	Blayne Curtis	$640	$600	-40	+57.3%	$381.32
2026-07-14	Cantor Fitzgerald	Matthew Prisco	Initiated	$600	—	+25.4%	$478.63
2026-05-15	Evercore ISI	Vedvati Shrotre	$485	$600	+115	+13.7%	$527.70
2026-05-15	Barclays	Tom O'Malley	Initiated	$600	—	+7.9%	$556.11
2026-05-14	Jefferies	—	$520	$640	+120	+15.1%	$556.11
2026-05-14	Morgan Stanley	—	$453	$494	+41	-11.1%	$555.79
2026-02-13	Morgan Stanley	—	$335	$453	+118	+1.0%	$448.65
2026-02-13	Evercore ISI	Vedvati Shrotre	$210	$485	+275	+9.3%	$443.55
2026-02-12	Jefferies	—	$390	$520	+130	+18.8%	$437.71
2026-01-20	Needham	—	Initiated	$500	—	+12.2%	$445.70
2025-12-15	Jefferies	—	Initiated	$390	—	+23.3%	$316.27
2025-12-01	Morgan Stanley	—	Initiated	$335	—	+9.5%	$305.81
2024-09-15	Citigroup	Atif Malik	Initiated	$224	—	+8.4%	$206.71
2024-04-15	Evercore ISI	Vedvati Shrotre	Initiated	$210	—	+23.2%	$170.47

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B-

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. NVMI receives an overall rating of B-. Strongest factors: ROE (4/5), ROA (4/5). Areas of concern: D/E (2/5), P/E (1/5), P/B (1/5).

Rating Change History

Date	From	To
2026-10-01	B	B-
2026-08-03	B-	B
2026-07-25	B	B-
2026-07-16	B-	B
2026-07-01	B	B-
2026-02-23	B-	B
2026-01-03	B	B-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 61 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. NVMI scores highest in Safety (100/100) and lowest in Value (19/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

11.99

Safe Zone

Piotroski F-Score

2/9

✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✗

Beneish M-Score

-1.75

Possible Manipulator

Ohlson O-Score

-8.57

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

A+

Score: 78.5/100

Trend: Deteriorating

Earnings Quality

50/100

OCF/NI: 0.79x

Accruals: 2.9%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. NVMI scores 11.99, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. NVMI scores 2/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. NVMI's score of -1.75 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. NVMI's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. NVMI receives an estimated rating of A+ (score: 78.5/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). NVMI's score of 50/100 is moderate — some divergence between reported earnings and underlying cash flows.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

37.00x

PEG

4.43x

P/S

10.89x

P/B

6.98x

P/FCF

98.57x

P/OCF

88.06x

EV/EBITDA

55.99x

EV/Revenue

19.72x

EV/EBIT

60.34x

EV/FCF

97.43x

Earnings Yield

1.45%

FCF Yield

1.01%

Shareholder Yield

0.37%

Graham Number

$86.66

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 37.0x earnings, NVMI commands a growth premium. Graham's intrinsic value formula yields $86.66 per share, 278% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.847

NI / EBT

Interest Burden

1.042

EBT / EBIT

EBIT Margin

0.327

EBIT / Rev

Asset Turnover

0.466

Rev / Assets

Equity Multiplier

1.570

Assets / Equity

ROE

21.1%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. NVMI's ROE of 21.1% is driven by Asset Turnover (0.466), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$302.16

Price/Value

1.80x

Margin of Safety

-79.68%

Premium

79.68%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with NVMI's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. NVMI actually compounded EPS at 22.7% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. NVMI trades at a 80% premium to its adjusted intrinsic value of $302.16, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 37.0x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$327.60

Median 1Y

$413.85

5th Pctile

$181.71

95th Pctile

$944.01

Ann. Volatility

47.2%

Analyst Target

$548.33

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

1,202

+2.1% YoY

Revenue / Employee

$732,593

Rev: $880,577,000

Profit / Employee

$215,660

NI: $259,223,000

SGA / Employee

$90,133

Avg labor cost proxy

R&D / Employee

$119,295

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	21.1%	22.0%	24.7%	25.9%	25.2%	26.4%	25.0%	22.9%	21.4%	20.4%	19.5%	20.4%	21.3%	21.9%	23.9%	24.2%	23.6%	23.1%	22.3%	21.1%	21.11%
ROA	13.8%	12.7%	14.0%	15.0%	14.8%	15.7%	14.8%	14.0%	13.3%	12.9%	12.5%	13.5%	14.2%	14.6%	16.0%	16.9%	13.5%	13.8%	13.6%	13.4%	13.44%
ROIC	34.1%	33.7%	27.7%	29.7%	26.4%	28.9%	26.9%	25.2%	25.4%	21.1%	21.8%	24.0%	26.2%	27.6%	26.8%	26.5%	21.7%	19.2%	20.3%	18.4%	18.43%
ROCE	20.1%	21.7%	22.9%	17.8%	17.5%	17.9%	16.9%	19.6%	18.1%	17.2%	16.6%	17.5%	17.9%	18.7%	20.1%	19.7%	12.9%	12.9%	20.1%	19.7%	19.73%
Gross Margin	57.9%	56.2%	56.8%	56.8%	57.1%	55.4%	58.4%	56.8%	56.1%	55.1%	58.7%	59.0%	56.6%	56.4%	57.3%	57.8%	56.7%	57.6%	57.7%	56.5%	56.54%
Operating Margin	31.5%	24.6%	27.7%	26.1%	27.1%	24.4%	27.0%	23.4%	26.5%	25.1%	26.2%	29.1%	27.5%	28.5%	29.6%	29.8%	28.4%	27.3%	30.1%	29.9%	29.88%
Net Margin	26.9%	18.3%	25.5%	24.6%	24.4%	23.9%	26.2%	24.4%	26.2%	28.4%	26.0%	28.8%	28.7%	25.9%	30.4%	31.0%	27.3%	29.1%	29.4%	29.4%	29.42%
EBITDA Margin	33.5%	26.6%	30.4%	28.6%	29.5%	28.5%	29.9%	26.6%	29.8%	33.6%	29.3%	31.9%	29.9%	30.7%	31.9%	32.3%	35.2%	35.6%	38.1%	32.2%	32.23%
FCF Margin	31.0%	30.8%	22.5%	19.7%	13.9%	17.2%	19.2%	19.9%	23.5%	20.3%	26.8%	31.8%	29.2%	32.5%	29.8%	25.6%	27.0%	24.7%	21.5%	20.2%	20.24%
OCF Margin	32.1%	31.9%	24.2%	21.9%	16.7%	20.9%	22.8%	23.4%	26.8%	23.6%	30.1%	34.7%	31.9%	35.1%	32.9%	28.5%	29.9%	27.9%	24.1%	22.7%	22.66%
ROE 3Y Avg	snapshot only																				19.37%
ROE 5Y Avg	snapshot only																				20.38%
ROA 3Y Avg	snapshot only																				12.84%
ROIC 3Y Avg	snapshot only																				1.45%
ROIC Economic	snapshot only																				10.22%
Cash ROA	snapshot only																				8.53%
Cash ROIC	snapshot only																				17.02%
CROIC	snapshot only																				15.21%
NOPAT Margin	snapshot only																				24.53%
Pretax Margin	snapshot only																				34.06%
R&D / Revenue	snapshot only																				16.11%
SGA / Revenue	snapshot only																				12.04%
SBC / Revenue	snapshot only																				2.18%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	36.13	47.66	31.74	23.23	21.53	18.49	23.63	27.59	26.77	32.28	41.17	49.17	39.20	34.36	27.91	37.56	42.36	42.86	56.73	69.18	37.003
P/S Ratio	8.23	10.66	7.47	5.54	5.03	4.54	5.84	6.81	6.72	8.49	10.81	13.46	10.98	9.39	7.94	10.93	12.17	12.62	16.57	19.95	10.892
P/B Ratio	6.81	9.37	7.02	5.41	4.92	4.42	5.28	5.65	5.13	5.86	7.20	8.97	7.40	6.81	6.02	8.05	8.87	8.43	10.78	12.77	6.979
P/FCF	26.57	34.64	33.23	28.09	36.24	26.39	30.40	34.23	28.65	41.79	40.28	42.32	37.61	28.88	26.66	42.68	45.02	50.98	76.99	98.57	98.572
P/OCF	25.64	33.39	30.85	25.33	30.16	21.69	25.63	29.08	25.06	36.02	35.98	38.84	34.45	26.77	24.12	38.30	40.76	45.23	68.88	88.06	88.062
EV/EBITDA	26.72	35.01	24.18	17.88	16.86	14.78	19.21	22.65	21.90	26.97	34.54	41.48	33.40	29.10	24.21	33.55	36.59	36.70	45.93	55.99	55.994
EV/Revenue	7.71	10.21	7.27	5.31	4.86	4.32	5.59	6.49	6.29	8.11	10.33	12.93	10.39	8.87	7.53	10.50	11.93	12.40	16.24	19.72	19.719
EV/EBIT	28.80	37.79	26.12	19.39	18.40	16.21	21.10	25.07	24.43	30.10	38.66	46.00	36.74	31.80	26.24	36.28	39.48	39.68	49.55	60.34	60.342
EV/FCF	24.89	33.17	32.34	26.90	35.03	25.09	29.08	32.65	26.80	39.90	38.49	40.66	35.60	27.28	25.28	41.00	44.13	50.11	75.46	97.43	97.426
Earnings Yield	2.8%	2.1%	3.2%	4.3%	4.6%	5.4%	4.2%	3.6%	3.7%	3.1%	2.4%	2.0%	2.6%	2.9%	3.6%	2.7%	2.4%	2.3%	1.8%	1.4%	1.45%
FCF Yield	3.8%	2.9%	3.0%	3.6%	2.8%	3.8%	3.3%	2.9%	3.5%	2.4%	2.5%	2.4%	2.7%	3.5%	3.8%	2.3%	2.2%	2.0%	1.3%	1.0%	1.01%
PEG Ratio	snapshot only																				4.429
Price/Tangible Book	snapshot only																				13.995
EV/OCF	snapshot only																				87.038
EV/Gross Profit	snapshot only																				34.522
Acquirers Multiple	snapshot only																				68.063
Shareholder Yield	snapshot only																				0.37%
Graham Number	snapshot only																				$86.66

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	1.97	1.97	1.73	4.98	4.80	4.57	4.78	2.12	2.25	2.20	2.26	2.32	2.44	2.32	2.18	2.57	4.58	6.28	1.58	1.55	1.551
Quick Ratio	1.71	1.69	1.42	4.10	3.82	3.70	3.77	1.65	1.81	1.77	1.82	1.86	2.00	1.92	1.74	2.05	4.00	5.47	1.39	1.35	1.353
Debt/Equity	0.48	0.47	0.50	0.47	0.44	0.42	0.39	0.37	0.34	0.33	0.31	0.29	0.27	0.25	0.24	0.19	0.75	0.65	0.58	0.55	0.548
Net Debt/Equity	-0.43	-0.40	-0.19	-0.23	-0.16	-0.22	-0.23	-0.26	-0.33	-0.27	-0.32	-0.35	-0.40	-0.38	-0.31	-0.32	-0.17	-0.14	-0.22	-0.15	-0.148
Debt/Assets	0.28	0.27	0.28	0.27	0.26	0.25	0.24	0.23	0.22	0.22	0.20	0.19	0.18	0.17	0.16	0.14	0.38	0.36	0.33	0.32	0.323
Debt/EBITDA	2.03	1.82	1.77	1.62	1.57	1.48	1.48	1.54	1.57	1.57	1.54	1.38	1.27	1.15	1.02	0.83	3.18	2.89	2.51	2.43	2.434
Net Debt/EBITDA	-1.80	-1.56	-0.66	-0.79	-0.58	-0.76	-0.87	-1.10	-1.51	-1.28	-1.60	-1.69	-1.89	-1.71	-1.32	-1.38	-0.73	-0.64	-0.94	-0.66	-0.659
Interest Coverage	29.44	31.60	36.47	57.95	94.14	—	—	—	—	107.10	108.23	121.21	132.78	—	—	—	—	—	—	—	—
Equity Multiplier	1.73	1.70	1.77	1.73	1.69	1.68	1.63	1.57	1.55	1.51	1.50	1.48	1.47	1.50	1.49	1.40	1.97	1.79	1.74	1.70	1.699
Cash Ratio	snapshot only																				1.090
Cash to Debt	snapshot only																				1.271
FCF to Debt	snapshot only																				0.236
Defensive Interval	snapshot only																				1703.1 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.61	0.57	0.59	0.63	0.63	0.64	0.60	0.57	0.53	0.49	0.48	0.49	0.51	0.53	0.56	0.58	0.47	0.47	0.47	0.47	0.466
Inventory Turnover	2.35	2.55	2.47	2.53	2.48	2.54	2.10	1.89	1.81	1.76	1.60	1.57	1.72	1.94	1.97	2.04	2.12	2.21	2.17	2.19	2.189
Receivables Turnover	7.02	6.32	6.76	6.67	6.62	6.42	6.36	6.20	5.61	4.70	5.27	6.36	5.93	5.37	6.57	6.96	6.58	6.05	5.94	5.38	5.377
Payables Turnover	6.16	5.93	6.62	6.94	6.47	6.29	6.21	6.52	6.66	5.77	5.58	6.23	7.13	6.02	6.76	7.32	7.18	7.05	7.03	6.68	6.679
DSO	52	58	54	55	55	57	57	59	65	78	69	57	62	68	56	52	55	60	61	68	67.9 days
DIO	155	143	148	144	147	144	173	193	202	207	228	233	212	189	186	178	172	165	168	167	166.7 days
DPO	59	62	55	53	56	58	59	56	55	63	65	59	51	61	54	50	51	52	52	55	54.6 days
Cash Conversion Cycle	148	140	147	146	146	142	172	196	212	221	232	232	222	196	187	181	177	174	178	180	180.0 days
Fixed Asset Turnover	snapshot only																				6.031
Operating Cycle	snapshot only																				234.6 days
Cash Velocity	snapshot only																				0.918
Capital Intensity	snapshot only																				2.655

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	43.9%	54.5%	59.3%	55.6%	45.9%	37.2%	22.1%	7.9%	-1.1%	-9.3%	-7.3%	2.1%	14.4%	29.8%	41.0%	43.7%	39.4%	31.0%	21.3%	16.2%	16.16%
Net Income	81.3%	94.3%	1.0%	78.6%	49.5%	50.6%	28.3%	11.6%	6.3%	-2.8%	-1.5%	13.3%	27.5%	34.8%	52.8%	52.8%	43.0%	41.1%	24.5%	15.1%	15.12%
EPS	76.2%	86.1%	86.7%	66.9%	39.9%	43.7%	28.9%	11.5%	6.0%	-3.7%	-2.5%	12.2%	26.5%	34.6%	53.3%	53.6%	42.0%	33.7%	15.9%	7.1%	7.11%
FCF	95.1%	1.4%	40.3%	23.0%	-34.7%	-23.3%	4.4%	8.8%	67.2%	7.2%	29.5%	63.3%	42.3%	1.1%	56.5%	15.7%	29.1%	-0.3%	-12.4%	-8.2%	-8.19%
EBITDA	74.1%	89.4%	99.3%	73.2%	45.7%	37.4%	18.1%	4.3%	-1.5%	-6.6%	-4.6%	11.1%	23.9%	31.6%	46.7%	44.2%	46.1%	45.2%	37.9%	30.7%	30.70%
Op. Income	86.7%	1.0%	1.1%	75.8%	43.9%	33.4%	14.5%	0.6%	-5.2%	-11.8%	-10.0%	7.4%	22.3%	41.8%	59.7%	55.0%	49.8%	35.2%	22.3%	16.3%	16.28%
OCF Growth	snapshot only																				-7.79%
Asset Growth	snapshot only																				62.32%
Equity Growth	snapshot only																				33.64%
Debt Growth	snapshot only																				2.84%
Shares Change	snapshot only																				7.48%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	14.8%	18.3%	23.9%	29.6%	34.3%	36.4%	35.4%	31.7%	27.6%	24.3%	21.7%	19.7%	18.2%	17.3%	16.9%	16.5%	16.4%	15.6%	16.6%	19.5%	19.45%
Revenue 5Y	19.3%	20.5%	20.4%	20.0%	20.3%	20.8%	19.8%	18.4%	16.9%	15.6%	16.6%	19.1%	22.3%	24.5%	26.5%	27.4%	27.0%	26.7%	25.3%	23.4%	23.40%
EPS 3Y	19.7%	17.4%	26.8%	36.6%	43.8%	53.3%	48.2%	43.8%	37.7%	37.1%	32.9%	27.8%	23.4%	23.1%	24.4%	24.3%	24.0%	20.1%	20.1%	22.7%	22.68%
EPS 5Y	64.2%	54.6%	36.8%	29.1%	19.5%	22.3%	21.9%	21.8%	20.6%	17.5%	20.7%	26.1%	31.9%	36.1%	37.2%	38.7%	36.3%	35.9%	33.0%	28.0%	28.00%
Net Income 3Y	21.2%	19.6%	31.7%	41.8%	49.3%	58.6%	53.2%	48.7%	42.3%	41.7%	37.0%	31.2%	26.6%	25.4%	24.5%	24.5%	24.7%	22.7%	23.3%	25.8%	25.83%
Net Income 5Y	67.3%	57.4%	40.3%	32.0%	22.1%	24.7%	24.4%	24.3%	23.1%	20.2%	23.6%	29.2%	35.2%	39.2%	40.2%	41.6%	39.3%	40.2%	37.4%	31.8%	31.76%
EBITDA 3Y	18.3%	21.2%	31.3%	39.4%	47.7%	52.7%	48.0%	43.1%	35.7%	34.5%	30.9%	26.1%	21.1%	19.1%	18.2%	18.6%	21.2%	21.3%	24.5%	27.9%	27.93%
EBITDA 5Y	65.0%	48.6%	37.2%	29.9%	20.3%	21.1%	20.6%	20.1%	18.9%	18.0%	20.6%	25.7%	31.5%	34.4%	35.3%	36.2%	35.2%	36.0%	35.3%	30.5%	30.46%
Gross Profit 3Y	14.3%	17.8%	23.7%	29.7%	35.7%	38.3%	37.5%	33.0%	27.8%	24.2%	21.6%	20.1%	18.4%	17.7%	17.1%	16.7%	16.6%	16.2%	17.0%	19.6%	19.63%
Gross Profit 5Y	25.5%	25.8%	24.3%	22.7%	19.2%	19.7%	19.2%	18.0%	16.4%	15.1%	16.3%	19.4%	23.4%	26.0%	27.9%	28.2%	27.4%	27.0%	25.5%	23.6%	23.57%
Op. Income 3Y	19.8%	23.0%	34.7%	44.5%	56.9%	60.3%	54.1%	47.0%	36.6%	33.5%	28.9%	23.8%	18.6%	18.6%	18.1%	18.7%	20.2%	19.1%	20.7%	24.6%	24.63%
Op. Income 5Y	1.0%	61.7%	41.9%	32.1%	20.5%	21.0%	20.4%	19.9%	18.6%	17.0%	20.3%	26.6%	35.0%	38.8%	39.4%	39.5%	36.1%	35.5%	33.1%	27.9%	27.91%
FCF 3Y	63.0%	58.1%	42.6%	64.6%	52.7%	69.7%	89.0%	38.7%	28.7%	25.1%	23.8%	29.8%	15.8%	19.5%	28.4%	27.1%	45.4%	30.4%	21.1%	20.2%	20.15%
FCF 5Y	79.0%	—	39.6%	22.5%	9.6%	12.1%	19.4%	27.6%	36.4%	26.6%	31.4%	51.3%	53.3%	61.2%	68.7%	38.2%	31.4%	32.3%	21.1%	18.3%	18.35%
OCF 3Y	54.2%	54.4%	39.7%	50.4%	32.7%	42.3%	50.8%	30.6%	27.3%	26.6%	25.9%	30.9%	17.9%	21.1%	29.5%	27.4%	41.3%	27.1%	18.7%	18.1%	18.15%
OCF 5Y	63.9%	—	37.7%	22.9%	12.1%	14.1%	20.4%	27.3%	34.6%	27.6%	30.8%	42.8%	38.2%	41.6%	45.3%	31.9%	29.6%	32.5%	22.3%	19.6%	19.59%
Assets 3Y	34.9%	34.2%	32.9%	35.1%	35.0%	34.9%	35.5%	34.9%	34.3%	20.0%	20.0%	20.2%	19.8%	20.0%	18.5%	19.4%	35.2%	33.9%	33.0%	33.8%	33.81%
Assets 5Y	30.3%	29.8%	29.8%	28.3%	28.0%	28.3%	28.5%	27.7%	28.0%	27.7%	26.0%	27.8%	28.6%	28.3%	28.8%	29.4%	38.8%	29.2%	28.5%	28.3%	28.26%
Equity 3Y	18.5%	19.1%	19.6%	21.6%	22.5%	23.1%	24.3%	25.4%	25.8%	26.4%	26.5%	26.6%	26.5%	25.1%	25.6%	28.0%	28.4%	31.0%	30.2%	30.3%	30.30%
Book Value 3Y	17.1%	16.9%	15.2%	17.2%	18.0%	19.0%	20.1%	21.3%	21.8%	22.3%	22.7%	23.3%	23.3%	22.8%	25.5%	27.8%	27.6%	28.2%	26.8%	27.0%	27.04%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.81	0.75	0.71	0.71	0.73	0.75	0.79	0.82	0.83	0.80	0.84	0.91	0.94	0.91	0.91	0.91	0.91	0.91	0.93	0.94	0.944
Earnings Stability	0.67	0.62	0.66	0.70	0.66	0.64	0.73	0.81	0.86	0.80	0.86	0.94	0.97	0.95	0.94	0.94	0.95	0.94	0.94	0.95	0.948
Margin Stability	0.90	0.91	0.93	0.95	0.97	0.97	0.97	0.98	0.99	0.99	1.00	1.00	0.98	0.98	0.98	0.99	0.99	0.99	0.99	1.00	0.996
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	1.00	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	1.00	1.00	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.50	0.50	0.50	0.80	0.50	0.89	0.95	0.97	0.99	0.99	0.95	0.89	0.86	0.50	0.50	0.83	0.84	0.90	0.94	0.940
Earnings Smoothness	0.42	0.36	0.32	0.44	0.60	0.60	0.75	0.89	0.94	0.97	0.98	0.88	0.76	0.70	0.58	0.58	0.65	0.66	0.78	0.86	0.859
ROE Trend	0.06	0.08	0.09	0.09	0.07	0.08	0.04	0.01	-0.02	-0.04	-0.05	-0.04	-0.02	-0.01	0.02	0.02	0.02	0.01	-0.01	-0.01	-0.014
Gross Margin Trend	0.01	0.02	0.01	0.01	0.00	-0.00	-0.00	0.00	-0.00	-0.00	-0.00	0.00	0.01	0.01	0.00	-0.00	0.00	0.00	0.00	-0.00	-0.001
FCF Margin Trend	0.15	0.16	0.06	-0.01	-0.13	-0.08	-0.05	-0.02	0.01	-0.04	0.06	0.12	0.11	0.14	0.07	-0.00	0.01	-0.02	-0.07	-0.08	-0.085
Sustainable Growth Rate	21.1%	22.0%	24.7%	25.9%	25.2%	26.4%	25.0%	22.9%	21.4%	20.4%	19.5%	20.4%	21.3%	21.9%	23.9%	24.2%	23.6%	23.1%	22.3%	21.1%	21.11%
Internal Growth Rate	16.0%	14.6%	16.3%	17.7%	17.3%	18.6%	17.3%	16.3%	15.4%	14.8%	14.3%	15.5%	16.5%	17.0%	19.0%	20.3%	15.6%	16.0%	15.7%	15.5%	15.53%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.41	1.43	1.03	0.92	0.71	0.85	0.92	0.95	1.07	0.90	1.14	1.27	1.14	1.28	1.16	0.98	1.04	0.95	0.82	0.79	0.786
FCF/OCF	0.97	0.96	0.93	0.90	0.83	0.82	0.84	0.85	0.87	0.86	0.89	0.92	0.92	0.93	0.90	0.90	0.91	0.89	0.89	0.89	0.893
FCF/Net Income	snapshot only																				0.702
OCF/EBITDA	snapshot only																				0.643
CapEx/Revenue	1.1%	1.2%	1.7%	2.2%	2.8%	3.7%	3.6%	3.5%	3.4%	3.3%	3.2%	2.9%	2.7%	2.6%	3.1%	2.9%	2.8%	3.1%	2.5%	2.4%	2.42%
CapEx/Depreciation	snapshot only																				0.952
Accruals Ratio	-0.06	-0.05	-0.00	0.01	0.04	0.02	0.01	0.01	-0.01	0.01	-0.02	-0.04	-0.02	-0.04	-0.03	0.00	-0.01	0.01	0.02	0.03	0.029
Sloan Accruals	snapshot only																				-0.029
Cash Flow Adequacy	snapshot only																				9.379
Earnings Quality Score	snapshot only																				0.500

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	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%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	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%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	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%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	11.8%	0.0%	0.0%	3.5%	5.1%	15.3%	15.3%	12.7%	11.2%	0.1%	0.0%	0.0%	0.0%	16.3%	23.6%	21.3%	42.9%	34.8%	26.6%	25.9%	25.90%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.3%	0.0%	0.0%	0.2%	0.2%	0.8%	0.6%	0.5%	0.4%	0.0%	0.0%	0.0%	0.0%	0.5%	0.8%	0.6%	1.0%	0.8%	0.5%	0.4%	0.37%
Net Buyback Yield	0.3%	-0.0%	-0.0%	0.2%	0.2%	0.8%	0.6%	0.5%	0.4%	0.0%	-0.0%	-0.0%	-0.0%	0.5%	0.8%	0.6%	1.0%	0.8%	0.5%	0.4%	0.37%
Total Shareholder Return	0.3%	-0.0%	-0.0%	0.2%	0.2%	0.8%	0.6%	0.5%	0.4%	0.0%	-0.0%	-0.0%	-0.0%	0.5%	0.8%	0.6%	1.0%	0.8%	0.5%	0.4%	0.37%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.88	0.85	0.86	0.86	0.86	0.89	0.88	0.88	0.88	0.88	0.88	0.87	0.87	0.85	0.85	0.85	0.85	0.85	0.85	0.85	0.847
Interest Burden (EBT/EBIT)	0.97	0.97	0.98	1.02	1.03	1.04	1.07	1.08	1.11	1.11	1.12	1.12	1.14	1.15	1.17	1.18	1.12	1.10	1.05	1.04	1.042
EBIT Margin	0.27	0.27	0.28	0.27	0.26	0.27	0.26	0.26	0.26	0.27	0.27	0.28	0.28	0.28	0.29	0.29	0.30	0.31	0.33	0.33	0.327
Asset Turnover	0.61	0.57	0.59	0.63	0.63	0.64	0.60	0.57	0.53	0.49	0.48	0.49	0.51	0.53	0.56	0.58	0.47	0.47	0.47	0.47	0.466
Equity Multiplier	1.53	1.73	1.77	1.73	1.71	1.69	1.69	1.64	1.61	1.58	1.56	1.52	1.50	1.50	1.50	1.43	1.75	1.67	1.64	1.57	1.570

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$2.83	$3.07	$3.43	$3.81	$3.96	$4.42	$4.42	$4.25	$4.20	$4.26	$4.31	$4.77	$5.32	$5.73	$6.60	$7.33	$7.55	$7.66	$7.66	$7.85	$7.85
Book Value/Share	$15.02	$15.64	$15.50	$16.38	$17.34	$18.49	$19.77	$20.74	$21.91	$23.44	$24.62	$26.14	$28.14	$28.94	$30.63	$34.21	$36.06	$38.97	$40.29	$42.53	$46.08
Tangible Book/Share	$14.24	$14.89	$12.38	$13.43	$14.55	$15.58	$16.87	$17.90	$19.16	$20.66	$21.94	$23.53	$25.49	$26.45	$26.46	$29.80	$31.78	$34.93	$36.46	$38.80	$38.80
Revenue/Share	$12.42	$13.74	$14.58	$15.98	$16.96	$17.98	$17.88	$17.23	$16.73	$16.17	$16.40	$17.42	$18.98	$20.97	$23.20	$25.18	$26.26	$26.03	$26.21	$27.21	$29.53
FCF/Share	$3.85	$4.23	$3.28	$3.15	$2.35	$3.09	$3.44	$3.43	$3.92	$3.29	$4.40	$5.54	$5.54	$6.82	$6.91	$6.45	$7.10	$6.44	$5.64	$5.51	$6.15
OCF/Share	$3.99	$4.39	$3.53	$3.50	$2.83	$3.77	$4.08	$4.03	$4.49	$3.81	$4.93	$6.04	$6.05	$7.36	$7.64	$7.19	$7.84	$7.26	$6.31	$6.17	$6.89
Cash/Share	$13.73	$13.54	$10.66	$11.42	$10.51	$11.77	$12.24	$13.04	$14.82	$13.86	$15.41	$16.68	$18.65	$18.29	$16.90	$17.37	$33.51	$30.99	$31.90	$29.64	$32.11
EBITDA/Share	$3.59	$4.01	$4.38	$4.74	$4.89	$5.25	$5.20	$4.94	$4.80	$4.86	$4.91	$5.43	$5.90	$6.39	$7.22	$7.88	$8.56	$8.80	$9.27	$9.58	$9.58
Debt/Share	$7.27	$7.30	$7.78	$7.67	$7.68	$7.75	$7.69	$7.62	$7.56	$7.62	$7.55	$7.48	$7.49	$7.36	$7.35	$6.53	$27.22	$25.37	$23.23	$23.32	$23.32
Net Debt/Share	$-6.46	$-6.25	$-2.89	$-3.75	$-2.83	$-4.02	$-4.55	$-5.42	$-7.26	$-6.23	$-7.86	$-9.20	$-11.16	$-10.93	$-9.55	$-10.84	$-6.29	$-5.62	$-8.66	$-6.31	$-6.31

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	11.989
Altman Z-Prime	snapshot only																				21.364
Piotroski F-Score	6	7	6	6	6	6	8	6	4	3	5	7	8	8	7	7	7	5	3	2	2
Beneish M-Score	-1.41	-1.17	-0.20	-1.47	-1.65	-1.69	-2.15	-2.52	-2.60	-2.37	-2.54	-2.43	-2.23	-2.34	-2.11	-1.89	-2.01	-2.14	-1.91	-1.75	-1.751
Ohlson O-Score	snapshot only																				-8.566
ROIC (Greenblatt)	snapshot only																				45.61%
Net-Net WC	snapshot only																				$12.44
EVA	snapshot only																				$105236562.70

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				A+
Credit Score	84.62	88.81	82.69	91.15	90.61	87.37	87.14	85.16	85.80	88.22	90.44	90.54	90.18	85.95	85.88	90.15	79.99	81.90	78.79	78.47	78.468
Credit Grade	snapshot only																				5
Credit Trend	snapshot only																				-11.684
Implied Spread (bps)	snapshot only																				125.000
Industry Credit Rank	snapshot only																				55
Sector Credit Rank	snapshot only																				68

NVMI NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Workforce & Productivity

Scaling Efficiency

Sign in to InsiderStreet