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Envista Holdings Corp. (NVST)

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Envista Holdings Corp. (NVST) reported revenue of $730 million for Q2 FY2026, the quarter ended 3 July 2026, up 7.1% on the same quarter a year earlier. Net income was $54 million, up 103.4% on the year, and diluted earnings per share $0.33. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$730 millionup 7.1%
Net income$54 millionup 103.4%
Diluted EPS$0.33
QuarterQ2 FY2026ended 3 July 2026

Envista Holdings (NVST) in brief

Envista Holdings (NVST) reported revenue of $2.7 billion for fiscal 2025, the year ended 31 December 2025, up 8.3% on the year before.
Read moreNet income was $47 million and diluted earnings per share $0.28. Revenue was $2.5 billion in fiscal 2024, $2.6 billion in fiscal 2023, $2.6 billion in fiscal 2022 and $2.5 billion in fiscal 2021. Net income in the same years was a loss of $1.1 billion, a loss of $100 million, $243 million and $340 million. Over the twelve months to 3 July 2026, Envista Holdings reported revenue of $2.9 billion and net income of $95 million. Revenue grew 7.1% a year, compounded, over the five years to fiscal 2025. Envista Holdings had 161 million shares outstanding at the latest filed count. At 3 July 2026 it carried $1.4 billion of debt and $1.1 billion of cash. At the close of 8 October 2026 the market cap of Envista Holdings was $3.6 billion, 39.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE3.1%
ROCE6.1%
Operating margin9.6%
Net margin3.3%
FCF margin8.7%
Interest covern/a
Debt to equity0.47
Cash conversion3.19
Share count, 1 year-3.7%
Sales CAGR, 3 years1.9%
Profit CAGR, 3 years-42.2%
EPS, TTM$0.58

At the close of 8 October 2026

Price$22.72
Market cap$3.6 billion
Stock P/E39.17
Price to book1.19
EV / EBITDA10.18
Dividend yieldn/a
Market cap / sales1.28
52-week high$30.26
52-week low$18.95
Price, 1 year10.4%
Price CAGR, 3 years-4.4%
Price CAGR, 5 years-10.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Envista Holdings Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
NVSTgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on NVST

Filings17 in twelve months: 9 current reports (8-K), about 6 regulation fd disclosure; 4 results of operations; 2 officer or director change; 1 other events; 1 shareholder vote
Planned insider sales2 Form 144 notices in twelve months, $510,250; latest 20 August 2026
Options tapeput/call 0.97 by open interest at the 8 October 2026 close; the straddle prices a 6.8% move to 16 October 2026
13F holders10 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading3 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest10.2 million shares short, 3.97 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue631646624633601653617682670751706730
Cost of revenue268310267306284280281312300340315324
Gross profit363336356327317372336370370411390407
Gross margin58%52%57%52%53%57%54%54%55%55%55%56%
R&D22.320.223.323.625.526.725.328.328.332.130.030.4
SG&A258260285302271300272295284305298296
Operating income83.3-20348.1-1,15320.946.139.046.357.573.362.580.3
Operating margin13%-31%8%-182%3%7%6%7%9%10%9%11%
Interest expense15.413.912.911.7n/an/an/an/an/an/an/an/a
Pre-tax income35.8-21535.3-1,1669.636.529.040.749.957.652.274.4
Tax rate40%n/a33%n/a15%97%38%35%161%43%26%28%
Net income21.5-21723.6-1,1528.21.218.026.4-30.332.938.753.7
Net margin3%-34%4%-182%1%0%3%4%-5%4%5%7%
Diluted EPS$0.12-$1.27$0.14-$6.69$0.05$0.01$0.10$0.16-$0.18$0.20$0.23$0.33
Operating cash flow95.510240.393.170.71320.388.778.7108-3.3119
Capital expenditure18.48.211.06.87.48.65.912.310.816.312.514.9
Free cash flow77.193.829.386.363.3124-5.676.467.991.7-15.8104
Shares outstanding171m172m172m172m172m172m172m167m165m164m163m161m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 9 fiscal years and the trailing twelve months

FY2017FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue2,8112,8442,2851,9292,5092,5692,5662,5112,7202,856
Cost of revenue1,1901,2439368741,0821,0941,1261,1381,2331,279
Gross profit1,6211,6021,3491,0551,4261,4751,4401,3731,4871,578
Gross margin57.7%56.3%59.1%54.7%56.9%57.4%56.1%54.7%54.7%55.2%
Research and development17217213386.710010093.899.1114121
Selling, general and administrative1,0621,1319809251,0201,0561,0571,1581,1571,184
Operating income38729823643.530631931.5-1,038216274
Operating margin13.8%10.5%10.3%2.3%12.2%12.4%1.2%-41.4%7.9%9.6%
Interest expense0.00.03.562.554.138.463.4n/an/an/a
Pre-tax income387301234-20.0254284-54.9-1,085177234
Income tax85.670.449.6-62.5-9.045.945.333.9130139
Effective tax rate22.1%23.4%21.2%n/a-3.5%16.2%n/an/a73.5%59.4%
Net income30123121833.3340243-100-1,11947.095.0
Net margin10.7%8.1%9.5%1.7%13.6%9.5%-3.9%-44.6%1.7%3.3%
Diluted EPS$2.35$1.80$1.60$0.20$1.92$1.37-$0.60-$6.50$0.28$0.58
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
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. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Specialty Products & Technologies1,6421,6161,75364.5%
Equipment & Consumables92489496735.5%
Specialty Products & TechnologiesEquipment & Consumables
2,566FY20232,511FY20242,720FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023Share
latest year
United States1,20947.1%
All other (each country individually less than 5% of total sales)1,15144.9%
China2068.0%
United StatesAll other (each country individually less than 5% of total sales)China
2,566FY2023

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2017FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow359400398284362183276336276303
Capital expenditure48.972.277.847.754.775.758.233.845.354.5
Free cash flow310328320236307107218303230248
Free cash flow margin11.0%11.5%14.0%12.2%12.2%4.2%8.5%12.1%8.5%8.7%
Cash from investing-54.9-75.5-78.4-69.1263-657-62.4-54.6-51.1-108
Cash from financing-304-325-108492-46612.5119-104-171-173
Depreciation and amortisation121130120122118138136123116115
Share-based compensation12.313.318.422.628.230.530.735.337.640.5
Diluted shares, weighted128m128m136m164m178m178m167m172m169m164m
Shares outstanding at period endn/a100m159m160m162m163m172m172m164m161m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2017FY2018FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equityn/a4,8233,5403,7214,0584,2074,1742,9353,1063,076
Non-controlling interestn/a3.32.60.40.40.0n/an/an/an/a
Short-term borrowingsn/an/a3.98874325101151160.0n/a
Debtn/a0.01,3251,7941,3161,3811,5131,3941,4481,436
Operating lease liabilitiesn/a0.0186153120121110119110113
Other liabilitiesn/a1,0151,1013216483686937861,014971
Total liabilities and equityn/a5,8426,1586,8766,5746,5876,6055,3505,6795,597
Owned
Fixed assets231262290275264294310277297296
Goodwill3,3703,3263,3063,2073,1323,4973,2922,2622,3582,354
Intangible assetsn/a1,3901,2861,1531,0461,087954650627613
Cash and equivalents0.00.02118891,0746079401,0691,2121,126
Receivablesn/a460444302332394408363430437
Inventoryn/a279278216264301259241288291
Other assets2,392126344835462409443489467481
Total assets5,9935,8426,1586,8766,5746,5876,6055,3505,6795,597
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a7.1%1.9%11.9%
Profit growth, compoundedn/a7.1%-42.2%76.6%
Return on equity, averagen/a-5.0%-13.0%1.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Medical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Penumbra Inc. PEN$12.5 billion78.0110.5%12.4%17.6%0.00n/a
Baxter International Inc. BAX$12.4 billionn/a-17.1%-2.4%5.4%1.522.2%
Smith & Nephew plc SNN *$11.8 billion18.8311.8%12.9%6.1%0.592.8%
Cooper Companies, Inc. COO$10.3 billion18.536.8%12.8%4.7%0.310.0%
Align Technology Inc. ALGN$10.0 billion24.539.8%13.2%4.4%0.00n/a
Globus Medical Inc. GMED$9.8 billion18.7511.2%20.3%19.7%0.00n/a
Insulet Corp. PODD$9.3 billion25.1326.4%16.9%29.4%0.65n/a
MSA Safety Inc. MSA$6.9 billion22.1522.4%21.2%6.5%0.431.2%
Haemonetics Corp. HAE$5.4 billion58.5611.5%11.9%0.4%1.42n/a
LivaNova plc LIVN$4.2 billion22.4614.2%12.7%12.4%0.22n/a
Envista Holdings Corp. NVST$3.6 billion39.173.1%9.6%11.9%0.47n/a
Dentsply Sirona Inc. XRAY$1.7 billionn/a-40.4%-8.5%-0.8%1.487.4%
All 27 in Medical Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Intuitive Surgical Inc. ISRG$147.0 billion47.5817.3%31.3%20.7%0.00n/a
Medtronic plc MDT$112.3 billion21.6110.4%18.1%9.8%0.513.2%
Stryker Corp. SYK$106.2 billion28.7015.5%21.4%8.5%0.621.3%
3M Co. MMM$84.4 billion29.06101.5%18.4%2.3%3.691.8%
Boston Scientific Corp. BSX$60.9 billion17.0214.7%19.8%13.5%0.44n/a
Becton Dickinson & Co. BDX$49.8 billion55.053.9%9.6%-2.6%0.552.3%
Edwards Lifesciences Corp. EW$48.6 billion48.419.5%22.3%14.6%0.06n/a
Resmed Inc. RMD$32.7 billion21.7423.1%33.4%9.9%0.101.1%
Dexcom Inc. DXCM$31.9 billion33.3638.1%22.9%15.5%0.47n/a
GE HealthCare Technologies Inc. GEHC$29.2 billion14.7318.1%12.9%6.5%0.920.2%
West Pharmaceutical Services Inc. WST$25.6 billion46.5118.9%20.5%12.4%0.070.2%
Koninklijke Philips N.V. PHG *$23.4 billion23.218.2%8.0%-1.0%0.741.6%
Steris plc STE$20.5 billion25.7711.2%18.9%8.4%0.261.2%
Zimmer Biomet Holdings, Inc. ZBH$17.0 billion21.576.4%14.2%8.6%0.501.1%
Solventum Corp. SOLV$14.6 billion10.5029.9%25.0%-0.9%1.06n/a
Penumbra Inc. PEN$12.5 billion78.0110.5%12.4%17.6%0.00n/a
Baxter International Inc. BAX$12.4 billionn/a-17.1%-2.4%5.4%1.522.2%
Smith & Nephew plc SNN *$11.8 billion18.8311.8%12.9%6.1%0.592.8%
Cooper Companies, Inc. COO$10.3 billion18.536.8%12.8%4.7%0.310.0%
Align Technology Inc. ALGN$10.0 billion24.539.8%13.2%4.4%0.00n/a
Globus Medical Inc. GMED$9.8 billion18.7511.2%20.3%19.7%0.00n/a
Insulet Corp. PODD$9.3 billion25.1326.4%16.9%29.4%0.65n/a
MSA Safety Inc. MSA$6.9 billion22.1522.4%21.2%6.5%0.431.2%
Haemonetics Corp. HAE$5.4 billion58.5611.5%11.9%0.4%1.42n/a
LivaNova plc LIVN$4.2 billion22.4614.2%12.7%12.4%0.22n/a
Envista Holdings Corp. NVST$3.6 billion39.173.1%9.6%11.9%0.47n/a
Dentsply Sirona Inc. XRAY$1.7 billionn/a-40.4%-8.5%-0.8%1.487.4%
1 company shares its SEC industry code (Dental Equipment & Supplies); the rest are the names nearest in size in its wider industry, Medical Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q3 July 20265 August 2026EDGAR
10-Q3 April 20266 May 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q26 September 202530 October 2025EDGAR
10-Q27 June 202531 July 2025EDGAR
10-Q28 March 20251 May 2025EDGAR
10-K31 December 202413 February 2025EDGAR
10-Q27 September 202430 October 2024EDGAR
10-Q28 June 20247 August 2024EDGAR
10-Q29 March 20241 May 2024EDGAR

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