This page shows Envista Holdings Corp (NVST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
Envista’s core engine stayed cash-generative through reported losses, while margin recovery rather than balance-sheet expansion drove FY2025’s rebound.
Across FY2023-FY2025, operating cash flow stayed positive at roughly$275.7M to$336.5M even as net income moved from loss back to profit, so the big earnings swings did not reflect an equally volatile cash engine. FY2024’s-$1.12B net loss alongside$336.5M of operating cash flow, plus the drop in goodwill, points to accounting-heavy charges weighing on reported profit more than on day-to-day cash generation.
The gross margin held around
The balance sheet looks liquid but not debt-free: cash reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Envista Holdings Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Envista Holdings Corp has an operating margin of 8.0%, meaning the company retains $8 of operating profit per $100 of revenue. This below-average margin results in a low score of 18/100, suggesting thin profitability after operating expenses. This is up from -41.3% the prior year.
Envista Holdings Corp's revenue grew 8.3% year-over-year to $2.7B, a solid pace of expansion. This earns a growth score of 42/100.
Envista Holdings Corp has a moderate D/E ratio of 0.47. This balance of debt and equity financing earns a leverage score of 53/100.
With a current ratio of 2.38, Envista Holdings Corp holds $2.38 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 66/100.
Envista Holdings Corp converts 8.5% of revenue into free cash flow ($230.4M). This strong cash generation earns a score of 66/100.
Envista Holdings Corp generates a 1.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is up from -38.1% the prior year.
Envista Holdings Corp scores 1.72, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($4.2B) relative to total liabilities ($2.6B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Envista Holdings Corp passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Envista Holdings Corp generates $5.87 in operating cash flow ($275.7M OCF vs $47.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Envista Holdings Corp generated $2.7B in revenue in fiscal year 2025. This represents an increase of 8.3% from the prior year.
Envista Holdings Corp's EBITDA was $332.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 136.3% from the prior year.
Envista Holdings Corp reported $47.0M in net income in fiscal year 2025. This represents an increase of 104.2% from the prior year.
Envista Holdings Corp earned $0.28 per diluted share (EPS) in fiscal year 2025. This represents an increase of 104.3% from the prior year.
Cash & Balance Sheet
Envista Holdings Corp generated $230.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 23.9% from the prior year.
Envista Holdings Corp held $1.2B in cash against $1.4B in long-term debt as of fiscal year 2025.
Envista Holdings Corp had 164M shares outstanding in fiscal year 2025. This represents a decrease of 4.8% from the prior year.
Margins & Returns
Envista Holdings Corp's gross margin was 54.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.0 percentage points from the prior year.
Envista Holdings Corp's operating margin was 8.0% in fiscal year 2025, reflecting core business profitability. This is up 49.3 percentage points from the prior year.
Envista Holdings Corp's net profit margin was 1.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 46.3 percentage points from the prior year.
Envista Holdings Corp's ROE was 1.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 39.6 percentage points from the prior year.
Capital Allocation
Envista Holdings Corp invested $114.0M in research and development in fiscal year 2025. This represents an increase of 15.0% from the prior year.
Envista Holdings Corp spent $166.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Envista Holdings Corp invested $45.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 34.0% from the prior year.
NVST Income Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $705.5M-6.0% | $750.6M+12.0% | $669.9M-1.8% | $682.1M+10.6% | $616.9M-5.5% | $652.9M+8.6% | $601.0M-5.1% | $633.1M |
| Cost of Revenue | $315.4M-7.2% | $340.0M+13.4% | $299.7M-4.0% | $312.2M+11.1% | $280.9M+0.2% | $280.4M-1.2% | $283.7M-7.4% | $306.5M |
| Gross Profit | $390.1M-5.0% | $410.6M+10.9% | $370.2M+0.1% | $369.9M+10.1% | $336.0M-9.8% | $372.5M+17.4% | $317.3M-2.8% | $326.6M |
| R&D Expenses | $30.0M-6.5% | $32.1M+13.4% | $28.3M0.0% | $28.3M+11.9% | $25.3M-5.2% | $26.7M+4.7% | $25.5M+8.1% | $23.6M |
| SG&A Expenses | $297.6M-2.5% | $305.2M+7.3% | $284.4M-3.7% | $295.3M+8.7% | $271.7M-9.3% | $299.7M+10.6% | $270.9M-10.4% | $302.5M |
| Operating Income | $62.5M-14.7% | $73.3M+27.5% | $57.5M+24.2% | $46.3M+18.7% | $39.0M-15.4% | $46.1M+120.6% | $20.9M+101.8% | -$1.2B |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $11.7M |
| Income Tax | $13.5M-45.3% | $24.7M-69.2% | $80.2M+460.8% | $14.3M+30.0% | $11.0M-68.8% | $35.3M+2421.4% | $1.4M+109.7% | -$14.5M |
| Net Income | $38.7M+17.6% | $32.9M+208.6% | -$30.3M-214.8% | $26.4M+46.7% | $18.0M+1400.0% | $1.2M-85.4% | $8.2M+100.7% | -$1.2B |
| EPS (Diluted) | $0.23 | N/A | $-0.18-212.5% | $0.16+60.0% | $0.10 | N/A | $0.05+100.7% | $-6.69 |
NVST Balance Sheet
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.6B-1.8% | $5.7B+0.6% | $5.6B-0.4% | $5.7B+3.6% | $5.5B+2.2% | $5.4B-2.9% | $5.5B+1.3% | $5.4B |
| Current Assets | $1.9B-5.3% | $2.0B+4.0% | $1.9B+0.7% | $1.9B+4.6% | $1.8B+3.4% | $1.8B-0.5% | $1.8B-1.4% | $1.8B |
| Cash & Equivalents | $1.1B-10.6% | $1.2B+6.9% | $1.1B+2.1% | $1.1B+3.1% | $1.1B+0.8% | $1.1B+7.8% | $991.3M-4.3% | $1.0B |
| Inventory | $300.3M+4.2% | $288.1M-0.9% | $290.8M+3.2% | $281.9M+7.9% | $261.3M+8.4% | $241.0M-9.3% | $265.6M+0.7% | $263.8M |
| Accounts Receivable | $436.6M+1.6% | $429.6M+5.8% | $405.9M-4.0% | $422.8M+7.6% | $393.1M+8.3% | $363.0M-7.4% | $392.1M+3.0% | $380.6M |
| Goodwill | $2.4B+0.1% | $2.4B-0.2% | $2.4B-0.3% | $2.4B+2.9% | $2.3B+1.8% | $2.3B-3.1% | $2.3B+2.2% | $2.3B |
| Total Liabilities | $2.5B-2.9% | $2.6B+0.7% | $2.6B+1.1% | $2.5B+3.9% | $2.4B+0.6% | $2.4B-0.9% | $2.4B-0.9% | $2.5B |
| Current Liabilities | $786.6M-7.7% | $852.6M+3.8% | $821.7M+3.5% | $793.9M-9.1% | $873.3M-0.6% | $878.7M+1.5% | $865.5M+5.4% | $821.4M |
| Long-Term Debt | $1.4B-0.6% | $1.4B+0.2% | $1.4B0.0% | $1.4B+11.5% | $1.3B+1.4% | $1.3B-2.1% | $1.3B-6.0% | $1.4B |
| Total Equity | $3.1B-0.9% | $3.1B+0.6% | $3.1B-1.6% | $3.1B+3.4% | $3.0B+3.5% | $2.9B-4.5% | $3.1B+3.2% | $3.0B |
| Retained Earnings | -$401.7M+8.8% | -$440.4M+7.0% | -$473.3M-6.8% | -$443.0M+5.6% | -$469.4M+3.7% | -$487.4M+0.2% | -$488.6M+1.7% | -$496.8M |
NVST Cash Flow Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.3M-103.1% | $108.0M+37.2% | $78.7M-11.3% | $88.7M+29466.7% | $300K-99.8% | $132.4M+87.3% | $70.7M-24.1% | $93.1M |
| Capital Expenditures | $12.5M-23.3% | $16.3M+50.9% | $10.8M-12.2% | $12.3M+108.5% | $5.9M-31.4% | $8.6M+16.2% | $7.4M+8.8% | $6.8M |
| Free Cash Flow | -$15.8M-117.2% | $91.7M+35.1% | $67.9M-11.1% | $76.4M+1464.3% | -$5.6M-104.5% | $123.8M+95.6% | $63.3M-26.7% | $86.3M |
| Investing Cash Flow | -$68.9M-344.5% | -$15.5M-59.8% | -$9.7M+43.3% | -$17.1M-94.3% | -$8.8M-18.9% | -$7.4M+75.8% | -$30.6M-418.6% | -$5.9M |
| Financing Cash Flow | -$45.6M-81.0% | -$25.2M+39.6% | -$41.7M+51.7% | -$86.4M-390.9% | -$17.6M-1855.6% | -$900K+99.1% | -$100.5M-33600.0% | $300K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $42.7M+75.7% | $24.3M-42.1% | $42.0M-51.0% | $85.7M+487.0% | $14.6M | $0 | $0 | $0 |
NVST Financial Ratios
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.3%+0.6pp | 54.7%-0.6pp | 55.3%+1.0pp | 54.2%-0.2pp | 54.5%-2.6pp | 57.0%+4.2pp | 52.8%+1.2pp | 51.6% |
| Operating Margin | 8.9%-0.9pp | 9.8%+1.2pp | 8.6%+1.8pp | 6.8%+0.5pp | 6.3%-0.7pp | 7.1%+3.6pp | 3.5%+185.7pp | -182.2% |
| Net Margin | 5.5%+1.1pp | 4.4%+8.9pp | -4.5%-8.4pp | 3.9%+0.9pp | 2.9%+2.7pp | 0.2%-1.2pp | 1.4%+183.3pp | -181.9% |
| Return on Equity | 1.3%+0.2pp | 1.1%+2.0pp | -1.0%-1.8pp | 0.8%+0.2pp | 0.6%+0.5pp | 0.0%-0.2pp | 0.3%+39.0pp | -38.7% |
| Return on Assets | 0.7%+0.1pp | 0.6%+1.1pp | -0.5%-1.0pp | 0.5%+0.1pp | 0.3%+0.3pp | 0.0%-0.1pp | 0.1%+21.3pp | -21.2% |
| Current Ratio | 2.44+0.1 | 2.380.0 | 2.37-0.1 | 2.44+0.3 | 2.12+0.1 | 2.04-0.0 | 2.08-0.1 | 2.22 |
| Debt-to-Equity | 0.470.0 | 0.470.0 | 0.470.0 | 0.46+0.0 | 0.430.0 | 0.44+0.0 | 0.42-0.0 | 0.47 |
| FCF Margin | -2.2%-14.5pp | 12.2%+2.1pp | 10.1%-1.1pp | 11.2%+12.1pp | -0.9%-19.9pp | 19.0%+8.4pp | 10.5%-3.1pp | 13.6% |
Similar Companies
Frequently Asked Questions
What is Envista Holdings Corp's annual revenue?
Envista Holdings Corp (NVST) reported $2.7B in total revenue for fiscal year 2025. This represents a 8.3% 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 Envista Holdings Corp's revenue growing?
Envista Holdings Corp (NVST) revenue grew by 8.3% year-over-year, from $2.5B to $2.7B in fiscal year 2025.
Is Envista Holdings Corp profitable?
Yes, Envista Holdings Corp (NVST) reported a net income of $47.0M in fiscal year 2025, with a net profit margin of 1.7%.
What is Envista Holdings Corp's EBITDA?
Envista Holdings Corp (NVST) had EBITDA of $332.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Envista Holdings Corp have?
As of fiscal year 2025, Envista Holdings Corp (NVST) had $1.2B in cash and equivalents against $1.4B in long-term debt.
What is Envista Holdings Corp's gross margin?
Envista Holdings Corp (NVST) had a gross margin of 54.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Envista Holdings Corp's operating margin?
Envista Holdings Corp (NVST) had an operating margin of 8.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Envista Holdings Corp's net profit margin?
Envista Holdings Corp (NVST) had a net profit margin of 1.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Envista Holdings Corp's return on equity (ROE)?
Envista Holdings Corp (NVST) has a return on equity of 1.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Envista Holdings Corp's free cash flow?
Envista Holdings Corp (NVST) generated $230.4M in free cash flow during fiscal year 2025. This represents a -23.9% 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 Envista Holdings Corp's operating cash flow?
Envista Holdings Corp (NVST) generated $275.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Envista Holdings Corp's total assets?
Envista Holdings Corp (NVST) had $5.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Envista Holdings Corp's capital expenditures?
Envista Holdings Corp (NVST) invested $45.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Envista Holdings Corp spend on research and development?
Envista Holdings Corp (NVST) invested $114.0M in research and development during fiscal year 2025.
What is Envista Holdings Corp's current ratio?
Envista Holdings Corp (NVST) had a current ratio of 2.38 as of fiscal year 2025, which is generally considered healthy.
What is Envista Holdings Corp's debt-to-equity ratio?
Envista Holdings Corp (NVST) had a debt-to-equity ratio of 0.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Envista Holdings Corp's return on assets (ROA)?
Envista Holdings Corp (NVST) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Envista Holdings Corp's Altman Z-Score?
Envista Holdings Corp (NVST) has an Altman Z-Score of 1.72, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Envista Holdings Corp's Piotroski F-Score?
Envista Holdings Corp (NVST) has a Piotroski F-Score of 7 out of 9, indicating strong 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Envista Holdings Corp's earnings high quality?
Envista Holdings Corp (NVST) has an earnings quality ratio of 5.87x, considered cash-backed (high 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.
How financially healthy is Envista Holdings Corp?
Envista Holdings Corp (NVST) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.