Sifting through countless of stocks in the Electronic Equipment, Instruments & Components industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Novanta Inc. or Rogers Corporation because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Novanta Inc. and Rogers Corporation compare based on key financial metrics to determine which better meets your investment needs.

About Novanta Inc. and Rogers Corporation

Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. The company operates Automation Enabling Technologies and Medical Solutions segments. The Precision Medicine and Manufacturing segment designs, manufactures, and markets laser beam steering and scanning solutions, laser sources, robotic and precision motion, robotic end-of-arm tooling, and bearing spindles. This segment serves advanced industrial processes, advanced industrial and medical robotics, other medical and life science automation applications, and medical laser procedures, such as ophthalmology applications. The Medical Solutions segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; imaging, identification and RFID solutions; advanced motion control solutions; and light engines, and integrated operating room technologies. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is based in Bedford, Massachusetts.

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components in the United States, other Americas, China, other Asia Pacific countries, Germany, Europe, the Middle East, and Africa. It operates in two Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS) segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles, automotive, aerospace and defense, renewable energy, wireless infrastructure, mass transit, industrial, connected devices, and wired infrastructure markets. This segment sells its products under the curamik, ROLINX, RO4000 series, RO3000 series, RT/duroid, CLTE series, TMM, AD series, DiClad series, CuClad series, Kappa, COOLSPAN, TC series, IsoClad series, MAGTREX, IM series, 2929 Bondply, SpeedWave Prepreg, RO4400/RO4400T series, and Radix trade names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in cushioning, gasketing, sealing, and vibration management applications; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications. This segment sells its products under the PORON, BISCO, DeWAL, ARLON, eSorba, XRD, Silicone Engineering, and R/bak trade names. The Other segment offers elastomer components under the ENDUR trade name for applications in the general industrial market, as well as elastomer floats under the NITROPHYL trade name for level sensing in fuel tanks, motors, and storage tanks applications in the general industrial and automotive markets. The company was founded in 1832 and is headquartered in Chandler, Arizona.

Latest Electronic Equipment, Instruments & Components and Novanta Inc., Rogers Corporation Stock News

As of April 15, 2026, Novanta Inc. had a $4.5 billion market capitalization, compared to the Electronic Equipment, Instruments & Components median of $736.8 million. Novanta Inc.’s stock is up 5.1% in 2026, up 1.3% in the previous five trading days and up 12.51% in the past year.

Currently, Novanta Inc.’s price-earnings ratio is 86.0. Novanta Inc.’s trailing 12-month revenue is $980.6 million with a 5.5% net profit margin. Year-over-year quarterly sales growth most recently was 8.5%. Analysts expect adjusted earnings to reach $3.563 per share for the current fiscal year. Novanta Inc. does not currently pay a dividend.

As of April 15, 2026, Rogers Corporation had a $2.1 billion market cap, putting it in the 55th percentile of all stocks. Rogers Corporation’s stock is up 29.7% in 2026, up 2.8% in the previous five trading days and up 109.46% in the past year.

Currently, Rogers Corporation does not have a price-earnings ratio. Rogers Corporation’s trailing 12-month revenue is $810.8 million with a -7.6% net profit margin. Year-over-year quarterly sales growth most recently was 4.8%. Analysts expect adjusted earnings to reach $3.240 per share for the current fiscal year. Rogers Corporation does not currently pay a dividend.

How We Compare Novanta Inc. and Rogers Corporation Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Novanta Inc. and Rogers Corporation’s stock grades to see how they measure up against one another.

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Novanta Inc. and Rogers Corporation’s Quality Grades

Company	Ticker	Quality
Novanta Inc.	NOVT	B
Rogers Corporation	ROG	B

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Novanta Inc. has a Quality Score of 67, which is Strong. Rogers Corporation has a Quality Score of 74, which is Strong.

The Quality Grade Winner: It’s a Tie!

Looking at the Quality Grade breakdown above, both Novanta Inc. and Rogers Corporation have a grade of B. For investors who focus solely on a company’s overall quality, you will need to conduct further research into both companies to see if they are a good fit for your portfolio. As a good rule of thumb, you should always analyze multiple factors based on a wide range of metrics before choosing a company to invest in.

Novanta Inc. and Rogers Corporation’s Momentum Grades

Company	Ticker	Momentum
Novanta Inc.	NOVT	D
Rogers Corporation	ROG	A

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Novanta Inc. has a Momentum Score of 40, which is Weak. Rogers Corporation has a Momentum Score of 83, which is Very Strong.

The Momentum Grade Winner: Rogers Corporation

As you can clearly see from the Momentum Grade breakdown above, Rogers Corporation is considered to have stronger momentum compared to Novanta Inc.. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, Rogers Corporation could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Novanta Inc. and Rogers Corporation’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Novanta Inc.	NOVT	C
Rogers Corporation	ROG	B

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Novanta Inc. has a Earnings Estimate Score of 60, which is Neutral. Rogers Corporation has a Earnings Estimate Score of 69, which is Positive.

The Earnings Estimate Revisions Grade Winner: Rogers Corporation

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, Rogers Corporation has a better Earnings Estimate Revisions Grade than Novanta Inc.. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, Rogers Corporation could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other Novanta Inc. and Rogers Corporation Grades

In addition to Estimate Revisions, Quality and Momentum, A+ Investor also provides grades for Value and Growth.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Novanta Inc. and Rogers Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Novanta Inc. or Rogers Corporation Stock?

Overall, Novanta Inc. stock has a Momentum Score of 40, Estimate Revisions Score of 60 and Quality Score of 67.

Rogers Corporation stock has a Momentum Score of 83, Estimate Revisions Score of 69 and Quality Score of 74.

Comparing Novanta Inc. and Rogers Corporation’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.