ExlService Holdings, Inc. (EXLS) vs Novanta Inc. (NOVT)

A side-by-side comparison of ExlService Holdings, Inc. and Novanta Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total return — EXLS vs NOVT

growth of $100 · dividends reinvested · last 10y
EXLS +263.4% (+13.8%/yr)NOVT +768.1% (+24.1%/yr)NOVT compounded faster over this window
2004006008001kStart $10020182020202220242026$363$868
EXLS NOVT

EXLS vs NOVT: by the numbers

  • •EXLS is the larger company ($5.46B vs $5.42B market cap).
  • •EXLS trades at the lower trailing earnings multiple (22.67 vs 97.60 P/E), one valuation lens rather than an overall verdict.
  • •EXLS converts more revenue to profit (11.17% vs 6.00% net margin).
  • •EXLS grew revenue faster over the past five years (16.87% vs 10.65% CAGR).

Metrics side by side

Valuation

MetricEXLSNOVT
P/E ratio22.6797.60
Forward P/E15.7541.22
PEG ratio0.9329.58
P/S ratio2.445.27
P/B ratio6.313.35
EV / EBITDA13.9929.50
FCF yield5.03%2.11%

Profitability

MetricEXLSNOVT
Gross margin38.51%42.52%
Operating margin14.90%10.43%
Net margin11.17%6.00%
ROE28.86%3.82%
ROIC17.97%4.30%

Growth (annualized)

MetricEXLSNOVT
Revenue CAGR (5Y)16.87%10.65%
EPS CAGR (5Y)24.58%2.97%
FCF CAGR (5Y)11.74%-17.89%
Total return CAGR (5Y)7.47%-0.32%

Frequently asked

Which has the lower trailing P/E, EXLS or NOVT?
EXLS has the lower trailing P/E: EXLS trades at 22.67 and NOVT at 97.60. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, EXLS or NOVT?
Over the past five years, EXLS grew revenue faster — EXLS at a 16.87% CAGR versus NOVT at 10.65%.
Is EXLS or NOVT more profitable?
EXLS runs the higher net margin — EXLS at 11.17% versus NOVT at 6.00%.
How have EXLS and NOVT total returns compared?
Over the past 10 years, EXLS delivered 13.72% and NOVT delivered 24.09% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.