Enovis Corp Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Enovis Corp has an operating margin of -36.8%, meaning the company retains $-37 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -3.9% the prior year.
Enovis Corp's revenue surged 23.5% year-over-year to $2.1B, reflecting rapid business expansion. This strong growth earns a score of 96/100.
Enovis Corp carries a low D/E ratio of 0.51, meaning only $0.51 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.17, Enovis Corp holds $2.17 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.
While Enovis Corp generated $113.5M in operating cash flow, capex of $180.7M consumed most of it, leaving -$67.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Enovis Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Enovis Corp generates $-0.14 in operating cash flow ($113.5M OCF vs -$825.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Enovis Corp earns $-13.6 in operating income for every $1 of interest expense (-$775.7M vs $57.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Enovis Corp (ENOV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Enovis Corp generated $2.1B in revenue in fiscal year 2024. This represents an increase of 23.5% from the prior year.
Enovis Corp's EBITDA was $152.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.5% from the prior year.
Enovis Corp generated -$67.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 626.5% from the prior year.
Enovis Corp reported -$825.5M in net income in fiscal year 2024. This represents a decrease of 2381.9% from the prior year.
Enovis Corp earned $-14.93 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 2347.5% from the prior year.
Enovis Corp held $48.2M in cash against $1.3B in long-term debt as of fiscal year 2024.
Enovis Corp had 56M shares outstanding in fiscal year 2024. This represents an increase of 2.3% from the prior year.
Enovis Corp's gross margin was 56.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.0 percentage points from the prior year.
Enovis Corp's operating margin was -36.8% in fiscal year 2024, reflecting core business profitability. This is down 33.0 percentage points from the prior year.
Enovis Corp's net profit margin was -39.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 37.2 percentage points from the prior year.
Enovis Corp invested $91.3M in research and development in fiscal year 2024. This represents an increase of 21.2% from the prior year.
Enovis Corp spent $4.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Enovis Corp invested $180.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 47.9% from the prior year.
ENOV Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $548.9M-2.8% | $564.5M+1.0% | $558.8M-0.4% | $561.0M+6.8% | $525.2M+1.7% | $516.3M+13.5% | $455.0M+9.0% | $417.5M |
| Cost of Revenue | $220.0M-4.3% | $229.8M+1.4% | $226.6M-10.6% | $253.5M+7.3% | $236.3M+8.2% | $218.4M+14.6% | $190.6M+9.2% | $174.6M |
| Gross Profit | $328.9M-1.7% | $334.7M+0.7% | $332.2M+8.0% | $307.5M+6.5% | $288.9M-3.0% | $297.9M+12.7% | $264.4M+8.8% | $243.0M |
| R&D Expenses | $29.7M-3.1% | $30.7M+7.6% | $28.5M+19.1% | $24.0M+2.0% | $23.5M+0.4% | $23.4M+27.6% | $18.3M-7.9% | $19.9M |
| SG&A Expenses | $263.6M-1.3% | $267.1M-0.7% | $269.0M+4.4% | $257.7M-2.4% | $264.1M+3.3% | $255.7M+21.2% | $211.0M+3.3% | $204.2M |
| Operating Income | -$558.5M-3225.1% | -$16.8M+64.1% | -$46.8M+93.0% | -$664.7M-1403.3% | -$44.2M-26.3% | -$35.0M-508.4% | -$5.8M+71.9% | -$20.5M |
| Interest Expense | $8.8M-5.0% | $9.3M+1.2% | $9.2M+1.3% | $9.1M-46.6% | $17.0M-15.1% | $20.0M+370.2% | $4.3M-26.3% | $5.8M |
| Income Tax | $4.0M-62.9% | $10.8M+710.6% | -$1.8M-105.9% | $29.9M+435.7% | -$8.9M-20.3% | -$7.4M-261.3% | $4.6M+175.8% | -$6.1M |
| Net Income | -$571.1M-1454.6% | -$36.7M+34.4% | -$56.0M+92.0% | -$703.3M-3673.7% | -$18.6M+74.1% | -$72.0M-2529.1% | $3.0M+202.9% | -$2.9M |
| EPS (Diluted) | $-9.99-1460.9% | $-0.64+34.7% | $-0.98+92.3% | $-12.69-3632.4% | $-0.34+74.2% | $-1.32-2740.0% | $0.05+200.0% | $-0.05 |
ENOV Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.4B-11.7% | $5.0B+3.0% | $4.9B+3.3% | $4.7B-13.3% | $5.4B-0.7% | $5.5B+21.5% | $4.5B+2.5% | $4.4B |
| Current Assets | $1.3B0.0% | $1.3B+5.1% | $1.2B+6.3% | $1.1B-2.2% | $1.2B+1.9% | $1.2B+28.4% | $896.5M+5.0% | $854.2M |
| Cash & Equivalents | $33.6M-23.7% | $44.1M+14.6% | $38.5M-20.2% | $48.2M+37.6% | $35.0M-47.2% | $66.3M+83.1% | $36.2M+12.6% | $32.1M |
| Inventory | $613.8M-2.3% | $628.2M+7.2% | $585.9M+7.1% | $547.1M-11.0% | $615.0M+5.0% | $586.0M+25.0% | $468.8M-0.4% | $470.9M |
| Accounts Receivable | $431.8M-4.8% | $453.7M+4.2% | $435.6M+7.0% | $407.0M+3.1% | $394.7M+3.6% | $381.1M+30.7% | $291.5M+5.2% | $277.0M |
| Goodwill | $1.2B-31.6% | $1.8B+2.8% | $1.7B+2.4% | $1.7B-28.1% | $2.4B-2.5% | $2.4B+17.2% | $2.1B+1.7% | $2.0B |
| Total Liabilities | $2.4B-1.3% | $2.4B+8.2% | $2.3B+4.7% | $2.2B+0.1% | $2.2B-0.7% | $2.2B+99.1% | $1.1B+13.5% | $959.2M |
| Current Liabilities | $575.4M+1.3% | $568.2M+19.0% | $477.4M-9.7% | $529.0M+2.1% | $518.0M-5.7% | $549.1M+48.6% | $369.6M+4.0% | $355.3M |
| Long-Term Debt | $1.3B-2.5% | $1.4B+0.4% | $1.4B+4.4% | $1.3B-1.5% | $1.3B+0.8% | $1.3B+182.8% | $466.2M+18.0% | $395.0M |
| Total Equity | $2.0B-21.6% | $2.6B-1.5% | $2.6B+2.2% | $2.6B-22.0% | $3.3B-0.7% | $3.3B-3.2% | $3.4B-0.6% | $3.4B |
| Retained Earnings | -$946.9M-152.0% | -$375.7M-10.8% | -$339.0M-19.8% | -$283.0M-162.6% | $451.8M-4.0% | $470.5M-13.3% | $542.5M+0.5% | $539.5M |
ENOV Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $82.6M+72.9% | $47.8M+3093.0% | -$1.6M-101.8% | $88.3M+1036.4% | $7.8M+121.5% | -$36.2M-152.8% | $68.4M+120.6% | $31.0M |
| Capital Expenditures | $53.5M+20.6% | $44.4M+2.6% | $43.3M-18.7% | $53.2M+35.0% | $39.4M+6.7% | $36.9M+32.2% | $27.9M+3.4% | $27.0M |
| Free Cash Flow | $29.1M+755.4% | $3.4M+107.6% | -$44.9M-227.7% | $35.1M+211.1% | -$31.6M+56.7% | -$73.1M-280.6% | $40.5M+916.3% | $4.0M |
| Investing Cash Flow | -$56.1M-12.6% | -$49.8M+17.7% | -$60.5M-4.6% | -$57.9M-40.1% | -$41.3M+94.8% | -$797.8M-1243.8% | -$59.4M-247.1% | -$17.1M |
| Financing Cash Flow | -$36.9M-692.3% | $6.2M-87.8% | $51.2M+354.9% | -$20.1M-900.3% | $2.5M-99.7% | $864.5M+30898.2% | $2.8M+120.4% | -$13.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ENOV Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.9%+0.6pp | 59.3%-0.2pp | 59.5%+4.6pp | 54.8%-0.2pp | 55.0%-2.7pp | 57.7%-0.4pp | 58.1%-0.1pp | 58.2% |
| Operating Margin | -101.7%-98.8pp | -3.0%+5.4pp | -8.4%+110.1pp | -118.5%-110.1pp | -8.4%-1.6pp | -6.8%-5.5pp | -1.3%+3.6pp | -4.9% |
| Net Margin | -104.0%-97.5pp | -6.5%+3.5pp | -10.0%+115.4pp | -125.4%-121.8pp | -3.5%+10.4pp | -14.0%-14.6pp | 0.7%+1.3pp | -0.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | 0.1% | N/A |
| Return on Assets | -12.9%-12.2pp | -0.7%+0.4pp | -1.1%+13.8pp | -14.9%-14.6pp | -0.3%+1.0pp | -1.3%-1.4pp | 0.1%+0.1pp | -0.1% |
| Current Ratio | 2.22-0.0 | 2.25-0.3 | 2.55+0.4 | 2.17-0.1 | 2.26+0.2 | 2.10-0.3 | 2.43+0.0 | 2.40 |
| Debt-to-Equity | 0.66+0.1 | 0.53+0.0 | 0.52+0.0 | 0.51+0.1 | 0.400.0 | 0.40+0.3 | 0.14+0.0 | 0.11 |
| FCF Margin | 5.3%+4.7pp | 0.6%+8.6pp | -8.0%-14.3pp | 6.3%+12.3pp | -6.0%+8.1pp | -14.2%-23.1pp | 8.9%+7.9pp | 0.9% |
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Frequently Asked Questions
What is Enovis Corp's annual revenue?
Enovis Corp (ENOV) reported $2.1B in total revenue for fiscal year 2024. This represents a 23.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Enovis Corp's revenue growing?
Enovis Corp (ENOV) revenue grew by 23.5% year-over-year, from $1.7B to $2.1B in fiscal year 2024.
Is Enovis Corp profitable?
No, Enovis Corp (ENOV) reported a net income of -$825.5M in fiscal year 2024, with a net profit margin of -39.2%.
What is Enovis Corp's earnings per share (EPS)?
Enovis Corp (ENOV) reported diluted earnings per share of $-14.93 for fiscal year 2024. This represents a -2347.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Enovis Corp's EBITDA?
Enovis Corp (ENOV) had EBITDA of $152.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Enovis Corp have?
As of fiscal year 2024, Enovis Corp (ENOV) had $48.2M in cash and equivalents against $1.3B in long-term debt.
What is Enovis Corp's gross margin?
Enovis Corp (ENOV) had a gross margin of 56.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Enovis Corp's operating margin?
Enovis Corp (ENOV) had an operating margin of -36.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Enovis Corp's net profit margin?
Enovis Corp (ENOV) had a net profit margin of -39.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Enovis Corp's free cash flow?
Enovis Corp (ENOV) generated -$67.2M in free cash flow during fiscal year 2024. This represents a -626.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Enovis Corp's operating cash flow?
Enovis Corp (ENOV) generated $113.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Enovis Corp's total assets?
Enovis Corp (ENOV) had $4.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Enovis Corp's capital expenditures?
Enovis Corp (ENOV) invested $180.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Enovis Corp spend on research and development?
Enovis Corp (ENOV) invested $91.3M in research and development during fiscal year 2024.
Does Enovis Corp buy back shares?
Yes, Enovis Corp (ENOV) spent $4.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Enovis Corp have outstanding?
Enovis Corp (ENOV) had 56M shares outstanding as of fiscal year 2024.
What is Enovis Corp's current ratio?
Enovis Corp (ENOV) had a current ratio of 2.17 as of fiscal year 2024, which is generally considered healthy.
What is Enovis Corp's debt-to-equity ratio?
Enovis Corp (ENOV) had a debt-to-equity ratio of 0.51 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Enovis Corp's return on assets (ROA)?
Enovis Corp (ENOV) had a return on assets of -17.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Enovis Corp's Piotroski F-Score?
Enovis Corp (ENOV) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Enovis Corp's earnings high quality?
Enovis Corp (ENOV) has an earnings quality ratio of -0.14x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Enovis Corp cover its interest payments?
Enovis Corp (ENOV) has an interest coverage ratio of -13.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Enovis Corp?
Enovis Corp (ENOV) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.