greeksoup/ stock research
Stock research / United States / ENOV / FY2021

Enovis (ENOV) FY2021 results: revenue $1.4 billion, up 27.3% on the year

Enovis Corp. (ENOV) reported revenue of $1.4 billion for fiscal 2021, the year ended 31 December 2021, up 27.3% on the year before. Net income was $72 million, up 68.1%, and diluted earnings per share $1.38. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.

Revenue
$1.4 billion
+27.3% on the year
FY2014FY2021
Operating margin
-4.4%
-5.9% a year earlier
FY2014FY2021
Net income
$72 million
+68.1% on the year
FY2014FY2021
Diluted EPS
$1.38
+48.4% on the year
FY2014FY2021

this yearthe year beforeHover a bar for its figure.

The year in brief

The quarters: Q4 FY2021

Income statement (profit and loss)

$ millionFY2021FY2020FY2019On the yearLast 8 years
Revenue1,4261,1213,327+27.3%
Cost of revenue6495171,926+25.4%
Gross profit7786041,401+28.8%
Gross margin54.5%53.9%42.1%
Research and development49.134.3n/a+43.3%
Selling, general and administrative6665151,132+29.2%
Operating income-62.8-66.2204
Operating margin-4.4%-5.9%6.1%
Interest expense29.152.8120-44.9%
Pre-tax income-122-11950.5
Income tax-19.5-44.631.6
Effective tax raten/an/a62.6%
Net income71.742.6-528+68.1%
Net margin5.0%3.8%-15.9%
Diluted EPS$1.38$0.93-$11.67+48.4%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2021FY2020FY2019On the yearLast 8 years
Operating cash flow356302131+17.9%
Capital expenditure104115125-9.2%
Free cash flow2521875.5+34.6%
Free cash flow margin17.7%16.7%0.2%
Cash from investing-320-175-1,633
Cash from financing585-1321,369
Depreciation and amortisation187168216+11.4%
Share-based compensation35.428.922.0+22.3%
Buybacksn/a0.00.0
Diluted shares, weighted52m46m46m+12.0%
Shares outstanding at period end52m39m39m+31.9%

Balance sheet

$ millionFY2021FY2020FY2019On the yearLast 8 years
Shareholders' equity4,6173,5433,441+30.3%
Non-controlling interest44.144.548.2-1.0%
Debt2,0872,2312,312-6.5%
Other liabilities1,7671,5321,585+15.3%
Total liabilities and equity8,5157,3527,387+15.8%
Fixed assets235487491-51.7%
Goodwill1,9341,7613,203+9.8%
Intangible assets1,1541,6631,719-30.6%
Cash and equivalents68097.1110+600.8%
Receivables255517562-50.7%
Inventory356565572-36.9%
Other assets3,9012,261731+72.5%
Total assets8,5157,3527,387+15.8%

10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.