NVST · Envista Holdings Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.72B | $2.51B | $2.57B | $2.57B | $2.51B | $2.28B |
| Cost of Revenue | $1.23B | $1.14B | $1.13B | $1.09B | $1.08B | $1.12B |
| Gross Profit | $1.49B | $1.37B | $1.44B | $1.47B | $1.43B | $1.16B |
| R&D | $114.00M | $99.10M | $93.80M | $100.10M | $100.50M | $100.80M |
| SG&A | $1.16B | $1.16B | $1.06B | $1.06B | $1.02B | $1.02B |
| Total Operating Expenses | - | $2.27B | - | - | - | - |
| D&A | $116.00M | $123.10M | $135.60M | $137.80M | $117.80M | $132.60M |
| Operating Income | $216.10M | ($1.04B) | $31.50M | $319.20M | $306.20M | $33.30M |
| Interest Expense | - | - | $63.40M | $38.40M | $54.10M | $62.50M |
| Income Tax | $130.20M | $33.90M | $45.30M | $45.90M | ($9.00M) | ($63.40M) |
| Net Income | $47.00M | ($1.12B) | ($100.20M) | $243.10M | $340.50M | $33.30M |
| EPS - Basic | $0.28 | ($6.50) | ($0.60) | $1.49 | $2.11 | $0.21 |
| EPS - Diluted | $0.28 | ($6.50) | ($0.60) | $1.37 | $1.92 | $0.20 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.21B | $1.07B | $940.00M | $606.90M | $1.07B | $888.90M |
| Accounts Receivable | $429.60M | $363.00M | $407.50M | $393.50M | $331.90M | $361.00M |
| Inventory | $288.10M | $241.00M | $258.80M | $300.80M | $263.80M | $266.90M |
| Accounts Payable | $191.60M | $174.60M | $179.50M | $228.30M | $185.80M | $235.10M |
| Current Assets | $2.03B | $1.79B | $1.74B | $1.42B | $1.84B | $1.59B |
| Total Assets | $5.68B | $5.35B | $6.61B | $6.59B | $6.57B | $6.88B |
| Current Liabilities | $852.60M | $878.70M | $780.80M | $1.24B | $1.21B | $1.68B |
| Long-term Debt | $1.45B | $1.28B | $1.40B | $870.70M | $883.40M | $907.70M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $3.11B | $2.93B | $4.17B | $4.21B | $4.06B | $3.72B |
| Retained Earnings | ($440.40M) | ($487.40M) | $631.20M | $731.40M | $466.90M | $126.40M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $275.70M | $336.50M | $275.70M | $182.70M | $361.60M | $283.90M |
| Investing Cash Flow | ($51.10M) | ($54.60M) | ($62.40M) | ($657.30M) | $262.70M | ($69.10M) |
| Financing Cash Flow | ($170.90M) | ($103.70M) | $118.90M | $12.50M | ($465.60M) | $492.50M |
| CapEx | $45.30M | $33.80M | $58.20M | $75.70M | $54.70M | $47.70M |
| Free Cash Flow | $230.40M | $302.70M | $217.50M | $107.00M | $306.90M | $236.20M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 54.7% | 54.7% | 56.1% | 57.4% | 56.9% | 50.7% |
| Operating margin | 7.9% | -41.4% | 1.2% | 12.4% | 12.2% | 1.5% |
| EBITDA margin | 12.2% | -36.4% | 6.5% | 17.8% | 16.9% | 7.3% |
| Net margin | 1.7% | -44.6% | -3.9% | 9.5% | 13.6% | 1.5% |
| Free cash flow margin | 8.5% | 12.1% | 8.5% | 4.2% | 12.2% | 10.4% |
| FCF / Net income | 4.90 | -0.27 | -2.17 | 0.44 | 0.90 | 7.09 |
| R&D / Revenue | 4.2% | 3.9% | 3.7% | 3.9% | 4.0% | 4.4% |
| SG&A / Revenue | 42.5% | 46.1% | 41.2% | 41.1% | 40.6% | 44.9% |
| Effective tax rate | 73.5% | - | - | 15.9% | -2.7% | - |
| Return on assets | 0.8% | -20.9% | -1.5% | 3.7% | 5.2% | 0.5% |
| Return on equity | 1.5% | -38.1% | -2.4% | 5.8% | 8.4% | 0.9% |
| Return on invested capital | 2.4% | -19.5% | 0.4% | 5.3% | 6.2% | 0.6% |
| Liquidity | ||||||
| Current ratio | 2.38 | 2.04 | 2.23 | 1.15 | 1.52 | 0.94 |
| Quick ratio | 2.04 | 1.76 | 1.90 | 0.91 | 1.30 | 0.79 |
| Cash ratio | 1.42 | 1.22 | 1.20 | 0.49 | 0.89 | 0.53 |
| Leverage | ||||||
| Debt / Equity | 0.47 | 0.44 | 0.33 | 0.21 | 0.22 | 0.24 |
| Debt / Assets | 0.26 | 0.24 | 0.21 | 0.13 | 0.13 | 0.13 |
| Debt / EBITDA | 4.36 | - | 8.37 | 1.91 | 2.08 | 5.47 |
| Interest coverage | - | - | 0.5x | 8.3x | 5.7x | 0.5x |
| Equity multiplier | 1.83 | 1.82 | 1.58 | 1.57 | 1.62 | 1.85 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.48 | 0.47 | 0.39 | 0.39 | 0.38 | 0.33 |
| Inventory turnover | 4.28 | 4.72 | 4.35 | 3.64 | 4.10 | 4.21 |
| Days sales outstanding | 58d | 53d | 58d | 56d | 48d | 58d |
| Days inventory outstanding | 85d | 77d | 84d | 100d | 89d | 87d |
| Days payable outstanding | 57d | 56d | 58d | 76d | 63d | 76d |
| Cash conversion cycle | 86d | 74d | 84d | 80d | 75d | 68d |
| Valuation | ||||||
| P / E | 77.5x | - | - | 24.6x | 23.5x | 168.6x |
| P / B | 1.2x | 1.1x | 1.0x | 1.4x | 2.0x | 1.5x |
| P / S | 1.4x | 1.3x | 1.6x | 2.3x | 3.2x | 2.4x |
| EV / EBITDA | 11.8x | - | 26.8x | 13.7x | 18.4x | 33.5x |
| Growth | ||||||
| Revenue growth (YoY) | 8.3% | -2.2% | -0.1% | 2.4% | 9.9% | -18.8% |
| Revenue CAGR (3y) | 1.9% | 0.0% | 4.0% | -3.0% | - | - |
| Revenue CAGR (5y) | 3.6% | -2.2% | - | - | - | - |
| Gross profit growth (YoY) | 8.3% | -4.7% | -2.3% | 3.4% | 23.2% | -28.6% |
| Operating income growth (YoY) | - | - | -90.1% | 4.2% | 819.5% | -88.8% |
| Net income growth (YoY) | - | -1016.4% | - | -28.6% | 922.5% | -88.9% |
| EPS growth (YoY) | - | -983.3% | - | -28.6% | 860.0% | -91.5% |
| EPS CAGR (3y) | -41.1% | - | - | -16.5% | - | - |
| EPS CAGR (5y) | 7.0% | - | - | - | - | - |
| FCF growth (YoY) | -23.9% | 39.2% | 103.3% | -65.1% | 29.9% | -17.7% |
| FCF CAGR (5y) | -0.5% | 1.1% | - | - | - | - |
| Book value growth (YoY) | 5.8% | -29.7% | -0.8% | 3.7% | 9.1% | 5.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.72B totalSpecialty Productsand Technologies$1.75B · 64.5%
Equipmentand Consumables$966.70M · 35.5%
Geographic
$4.47B totalUS$1.28B · 28.6%
All Other Countries$1.24B · 27.8%
North America$720.50M · 16.1%
Western Europe$498.00M · 11.1%
High Growth Markets$444.80M · 9.9%
CN$194.40M · 4.3%
Other Developed Markets$89.50M · 2.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Dental Equipment & Supplies
Comparing Envista Holdings Corp against the 5 most active filers in the same SIC group.