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Israeli maker of metrology systems that measure film thickness and dimensions during chip manufacturing.
Israeli maker of metrology systems that measure film thickness and dimensions during chip manufacturing.
Sells measuring systems that chipmakers buy for new fab capacity and process changes, so orders follow capex, while service and spare parts on installed machines add a steadier stream. It is based in Rehovot, Israel.
In one line: A small, metrology-only KLA.
Moat: narrow (process know-how, customer qualification). Metrology recipes are qualified per process node; switching mid-node is costly and slow.
Headquarters: Rehovot, Israel · Founded: 1993 · Employees: 1,612
Size NVMI (NVMI) is a United States Information Technology company (Electronic Equipment/Instruments) with a market value of $9.96B, the 779th largest of 3,117 United States companies the cockpit tracks. Shares closed at $313.18 on 6 Nov 2026.
Performance Over six months the shares fell 39.9%, against -11.4% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 19 in its peer set.
Growth Revenue grew 16.2% over the last twelve months (peer median +14.9%); the operating margin is 29.0% (peer median 17.4%).
Valuation It trades at 25.0× forward earnings against a peer median of 25.0× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.7 points above its cost of capital (13.5% WACC).
Short interest Short interest is 5.0% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $937M | $881M | $672M | $518M | $571M |
| Revenue growth | — | +31% | +30% | -9% | — |
| Gross profit | $536M | $505M | $387M | $293M | $317M |
| EBITDA | $295M | $273M | $203M | $145M | $162M |
| Net income | $270M | $259M | $184M | $136M | $140M |
| Free cash flow | $204M | $218M | $218M | $106M | $98.2M |
| Capital expenditure | $24.4M | $27.7M | $17.2M | $17.2M | $21.3M |
| Total debt | $803M | $799M | $236M | $244M | $246M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| NVMI NVMI | $9.96B | -40% | +16% | 29% | 25.0× | 32.8% |
| KLA KLAC | $180B | -26% | +16% | 43% | 22.3× | 23.5% |
| ONTO ONTO | $8.50B | -39% | +8% | 20% | 16.9× | 29.4% |
| Camtek CAMT | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% |
| Applied Materials AMAT | $264B | -24% | +8% | 31% | 18.8× | 25.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NVMI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.7% | -11.5% | 11th highest of 21 |
| 6-month return | -39.9% | -11.4% | 3rd lowest of 19 |
| Distance from 52-week high | -49.2% | -38.7% | 7th lowest of 21 |
| Revenue growth (TTM) | +16.2% | +14.9% | 10th highest of 20 |
| Operating margin | 29.0% | 17.4% | 4th highest of 20 |
| Forward P/E | 25.0× | 25.0× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 32.8% | 21.7% | 3rd most demanding of 16 |
| Growth delivered (Del g) | +26.7% | +10.7% | 4th highest of 16 |
| Hurdle (Req g minus delivered) | +6.0 pp | +6.6 pp | 8th least demanding of 16 |
| ROIC minus cost of capital | +3.7 pp | +2.5 pp | 8th highest of 20 |
| EV / EBITDA | 33.0× | 26.1× | most expensive of 9 |
| Net debt / EBITDA | -0.7× | -1.1× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| NVMI NVMI | United States | $9.96B | -40% | +16% | 29% | 25.0× | 32.8% | +26.7% |
| ONTO ONTO | United States | $8.50B | -39% | +8% | 20% | 16.9× | 29.4% | +12.6% |
| Cognex CGNX | United States | $8.04B | -27% | +17% | 22% | 24.8× | 25.6% | +4.2% |
| Sieyuan Electric 002028.SZ | China | $13.4B | -42% | +35% | 16% | 23.1× | 11.1% | +23.9% |
| China Railway Signal & Communication 688009.SS | China | $7.39B | 0% | +1% | 12% | 14.9× | -6.3% | -2.9% |
| Skyverse Technology 688361.SS | China | $13.8B | +33% | +39% | -12% | 563.2× | n/a | n/a |
| Wuhan Guide Infrared 002414.SZ | China | $6.46B | -32% | +89% | 29% | 37.4× | n/a | n/a |
| Chroma Ate 2360.TW | Taiwan | $15.4B | -46% | +101% | 39% | 18.5× | 19.3% | +12.8% |
| Halma HLMA.L | United Kingdom | $17.0B | -25% | +15% | 20% | 25.0× | 21.7% | +14.4% |
| Semight Instruments 688808.SS | China | $17.0B | n/a | n/a | n/a | 51.5× | n/a | n/a |
| Hangzhou Changchuan Technology 300604.SZ | China | $17.3B | +4% | +53% | 27% | 46.1× | 43.8% | +45.8% |
| Lasertec 6920.T | Japan | $18.2B | -25% | -19% | 44% | 28.7× | 28.9% | +26.8% |
| Novanta NOVT | United States | $5.11B | -2% | +8% | 12% | 33.9× | 33.5% | +10.7% |
| Hon Precision 7769.TW | Taiwan | $20.0B | -34% | +257% | 48% | 21.3× | 28.2% | +31.0% |
| INFICON IFCN.SW | Switzerland | $4.51B | 0% | -2% | 17% | 32.8× | 19.7% | +8.4% |
| Itron ITRI | United States | $4.32B | +20% | -4% | 14% | 14.5× | 9.2% | +1.7% |
| CIQTEK 688828.SS | China | $4.17B | n/a | +33% | -5% | n/a | n/a | n/a |
| Qnity Electronics Q | United States | $24.5B | -21% | +18% | 23% | 20.2× | 22.1% | 0.0% |
| BOE Technology 000725.SZ | China | $25.3B | +9% | -4% | 2% | 21.4× | -3.9% | +8.6% |
| AVIC Chengdu Aircraft 302132.SZ | China | $28.0B | +4% | +3% | 5% | 49.6× | n/a | n/a |
| Hexagon HEXA-B.ST | Sweden | $29.4B | +14% | -20% | -14% | 30.0× | 9.1% | +8.7% |