NYSE : NVST
Envista Holdings Corporation — Financial statements
Healthcare · Medical Instruments & Supplies · United States
Last price 24.61 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.95B
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Financial statements
Envista Holdings Corporation (NVST) reported revenue of 2.86B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.86B | 2.72B | 2.51B | 2.57B | 2.57B | 2.51B |
| Cost of Revenue | 1.27B | 1.22B | 1.13B | 1.12B | 1.08B | 1.05B |
| Gross Profit | 1.58B | 1.50B | 1.38B | 1.45B | 1.49B | 1.46B |
| Selling, General & Admin | 1.17B | 1.14B | 1.14B | 1.03B | 1.03B | 989.50M |
| Research & Development | 120.80M | 114.00M | 99.10M | 93.80M | 100.10M | 100.50M |
| Operating Expenses | 1.29B | 1.25B | 1.24B | 1.12B | 1.13B | 1.09B |
| Operating Income | 290.90M | 245.50M | 143.40M | 327.40M | 359.90M | 372.40M |
| Interest Expense | -35.40M | -36.60M | -46.40M | -63.40M | -38.40M | -54.10M |
| Other Non Operating Income (Expenses) | -2.20M | -2.40M | 1.10M | 6.30M | -200.00K | |
| EBT Excluding Unusual Items | 253.30M | 206.50M | 98.10M | 270.30M | 321.50M | 318.10M |
| Merger & Restructuring Charges | -29.80M | -29.30M | -27.50M | -35.10M | -37.60M | -63.60M |
| Impairment of Goodwill | -960.50M | -212.30M | ||||
| Gain (Loss) on Sale of Investments | -2.00M | -1.50M | -3.30M | |||
| Asset Writedown | -193.30M | -46.00M | ||||
| Other Unusual Items | 12.60M | -28.50M | ||||
| Pretax Income | 234.10M | 177.20M | -1.08B | -54.90M | 283.90M | 254.50M |
| Income Tax Expense | 139.10M | 130.20M | 33.90M | 45.30M | 45.90M | -9.00M |
| Earnings From Continuing Operations | 95.00M | 47.00M | -1.12B | -100.20M | 238.00M | 263.50M |
| Earnings From Discontinued Operations | 5.10M | 77.00M | ||||
| Net Income | 95.00M | 47.00M | -1.12B | -100.20M | 243.10M | 340.50M |
| Net Income to Common | 95.00M | 47.00M | -1.12B | -100.20M | 243.10M | 340.50M |
| Shares Outstanding (Basic) | 164.10M | 168.00M | 172.20M | 166.90M | 162.90M | 161.20M |
| Shares Outstanding (Diluted) | 166.00M | 169.20M | 172.20M | 166.90M | 177.60M | 177.60M |
| EPS (Basic) | 0.58 | 0.28 | -6.50 | -0.60 | 1.49 | 2.11 |
| EPS (Diluted) | 0.57 | 0.28 | -6.50 | -0.60 | 1.37 | 1.91 |
| Free Cash Flow | 248.10M | 230.40M | 302.70M | 217.50M | 107.00M | 306.90M |
| Free Cash Flow Per Share | 1.50 | 1.36 | 1.76 | 1.30 | 0.60 | 1.73 |
| Gross Margin | 55.42% | 55.02% | 54.91% | 56.52% | 57.94% | 58.29% |
| Operating Margin | 10.18% | 9.03% | 5.71% | 12.76% | 14.01% | 14.84% |
| Profit Margin | 3.33% | 1.73% | -44.55% | -3.90% | 9.46% | 13.57% |
| Free Cash Flow Margin | 8.69% | 8.47% | 12.06% | 8.48% | 4.17% | 12.23% |
| EBITDA | 406.20M | 361.50M | 266.50M | 463.00M | 497.70M | 496.00M |
| EBITDA Margin | 14.22% | 13.29% | 10.62% | 18.04% | 19.37% | 19.77% |
| D&A For EBITDA | 115.30M | 116.00M | 123.10M | 135.60M | 137.80M | 123.60M |
| EBIT | 290.90M | 245.50M | 143.40M | 327.40M | 359.90M | 372.40M |
| EBIT Margin | 10.18% | 9.03% | 5.71% | 12.76% | 14.01% | 14.84% |
| Effective Tax Rate | 59.42% | 73.48% | 16.17% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.13B | 1.21B | 1.07B | 940.00M | 606.90M | 1.07B |
| Cash & Short-Term Investments | 1.13B | 1.21B | 1.07B | 940.00M | 606.90M | 1.07B |
| Receivables | 436.90M | 429.60M | 363.00M | 407.50M | 393.50M | 331.90M |
| Inventory | 290.90M | 288.10M | 241.00M | 258.80M | 300.80M | 263.80M |
| Prepaid Expenses | 104.60M | 97.20M | 115.20M | 137.40M | 123.40M | 154.30M |
| Other Current Assets | 12.20M | |||||
| Total Current Assets | 1.96B | 2.03B | 1.79B | 1.74B | 1.42B | 1.84B |
| Property, Plant & Equipment | 441.90M | 438.90M | 419.80M | 434.70M | 425.40M | 392.20M |
| Long-Term Investments | 26.40M | 28.80M | 26.40M | |||
| Goodwill | 2.35B | 2.36B | 2.26B | 3.29B | 3.50B | 3.13B |
| Other Intangible Assets | 613.30M | 627.20M | 649.90M | 954.00M | 1.09B | 1.05B |
| Long-Term Deferred Tax Assets | 175.70M | 186.60M | ||||
| Other Long-Term Assets | 204.00M | 23.60M | 17.60M | 180.50M | 153.70M | 167.80M |
| Total Assets | 5.60B | 5.68B | 5.35B | 6.61B | 6.59B | 6.57B |
| Accounts Payable | 190.20M | 191.60M | 174.60M | 179.50M | 228.30M | 185.80M |
| Accrued Expenses | 212.60M | 262.90M | 236.40M | 197.80M | 238.70M | 269.90M |
| Current Portion of Long-Term Debt | 116.00M | 115.30M | 510.00M | 432.40M | ||
| Current Portion of Leases | 38.50M | 39.00M | 34.50M | 30.30M | 27.00M | 23.70M |
| Current Income Taxes Payable | 59.90M | 60.50M | 58.30M | 39.90M | 42.10M | 48.10M |
| Current Unearned Revenue | 191.70M | 184.80M | 146.50M | 106.40M | 78.90M | 60.10M |
| Other Current Liabilities | 114.40M | 113.80M | 112.40M | 111.60M | 111.70M | 188.20M |
| Total Current Liabilities | 807.30M | 852.60M | 878.70M | 780.80M | 1.24B | 1.21B |
| Long-Term Debt | 1.44B | 1.45B | 1.28B | 1.40B | 870.70M | 883.40M |
| Long-Term Leases | 113.20M | 110.40M | 118.90M | 109.90M | 121.40M | 120.40M |
| Long-Term Unearned Revenue | 23.30M | 22.40M | 20.30M | 8.40M | 8.60M | 5.10M |
| Pension & Post-Retirement Benefits | 38.60M | 38.70M | 29.70M | 30.10M | 17.50M | 41.70M |
| Other Long-Term Liabilities | 102.10M | 100.30M | 89.80M | 103.90M | 125.20M | 257.40M |
| Total Liabilities | 2.52B | 2.57B | 2.42B | 2.43B | 2.38B | 2.52B |
| Common Stock | 1.80M | 1.80M | 1.70M | 1.70M | 1.60M | 1.60M |
| Additional Paid-In Capital | 3.91B | 3.88B | 3.84B | 3.76B | 3.70B | 3.73B |
| Retained Earnings | -348.00M | -440.40M | -487.40M | 631.20M | 731.40M | 466.90M |
| Treasury Stock | -333.70M | -224.50M | -50.50M | |||
| Comprehensive Income & Other | -149.90M | -113.20M | -371.10M | -217.20M | -225.10M | -143.50M |
| Total Common Equity | 3.08B | 3.11B | 2.93B | 4.17B | 4.21B | 4.06B |
| Minority Interest | 400.00K | |||||
| Shareholders' Equity | 3.08B | 3.11B | 2.93B | 4.17B | 4.21B | 4.06B |
| Total Liabilities & Equity | 5.60B | 5.68B | 5.35B | 6.61B | 6.59B | 6.57B |
| Total Debt | 1.59B | 1.60B | 1.55B | 1.65B | 1.53B | 1.46B |
| Net Cash (Debt) | -462.40M | -386.00M | -478.60M | -713.60M | -922.20M | -386.30M |
| Net Cash Per Share | -2.79 | -2.28 | -2.78 | -4.28 | -5.19 | -2.18 |
| Filing Date Shares Outstanding | 160.62M | 163.88M | 172.19M | 171.55M | 163.23M | 161.83M |
| Total Common Shares Outstanding | 160.60M | 163.80M | 172.20M | 171.50M | 163.20M | 161.60M |
| Working Capital | 1.15B | 1.17B | 909.60M | 962.90M | 187.90M | 627.60M |
| Book Value Per Share | 19.16 | 18.96 | 17.04 | 24.34 | 25.78 | 25.11 |
| Tangible Book Value | 109.50M | 120.90M | 23.00M | -72.30M | -376.40M | -120.80M |
| Tangible Book Value Per Share | 0.68 | 0.74 | 0.13 | -0.42 | -2.31 | -0.75 |
| Land | 9.90M | 10.00M | 10.00M | 10.00M | 10.00M | 10.70M |
| Buildings | 166.30M | 168.60M | 166.00M | 157.40M | 154.50M | 168.70M |
| Machinery | 477.70M | 476.80M | 431.20M | 417.90M | 370.20M | 354.50M |
| Construction In Progress | 60.50M | 49.10M | 33.90M | 65.30M | 71.20M | 45.60M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 95.00M | 47.00M | -1.12B | -100.20M | 243.10M | 340.50M |
| Depreciation & Amortization | 115.30M | 116.00M | 123.10M | 135.60M | 137.80M | 151.90M |
| Other Amortization | 4.00M | 4.20M | 4.90M | 4.60M | 4.10M | 23.30M |
| Loss (Gain) From Sale of Assets | -1.20M | 1.80M | 2.80M | -5.40M | -1.90M | -2.20M |
| Asset Writedown & Restructuring Costs | 2.40M | 2.20M | 1.17B | 259.80M | 11.10M | 29.20M |
| Loss (Gain) From Sale of Investments | 4.10M | 2.40M | 400.00K | -3.60M | ||
| Stock-Based Compensation | 40.50M | 37.60M | 35.30M | 30.70M | 30.50M | 28.20M |
| Provision & Write-off of Bad Debts | 11.30M | 9.50M | 17.90M | 7.10M | 4.80M | 5.60M |
| Other Operating Activities | 48.30M | 46.10M | 2.40M | 18.50M | 4.80M | |
| Change in Accounts Receivable | -25.80M | -48.50M | 10.00M | -17.00M | -71.00M | -43.20M |
| Change in Inventory | -6.50M | -29.10M | 3.60M | 35.10M | -39.90M | -66.00M |
| Change in Accounts Payable | 17.60M | 7.50M | -1.20M | -46.30M | 44.50M | -20.30M |
| Change in Other Net Operating Assets | -2.40M | 79.00M | 85.00M | -43.20M | -176.30M | -14.70M |
| Operating Cash Flow | 302.60M | 275.70M | 336.50M | 275.70M | 182.70M | 361.60M |
| Capital Expenditures | -54.50M | -45.30M | -33.80M | -58.20M | -75.70M | -54.70M |
| Sale of Property, Plant & Equipment | 900.00K | 500.00K | 100.00K | 6.10M | 3.30M | 11.60M |
| Cash Acquisitions | -54.40M | -696.20M | -2.10M | |||
| Investment in Securities | 400.00K | 10.70M | ||||
| Other Investing Activities | -400.00K | -6.30M | -21.30M | -21.00M | 111.30M | 307.90M |
| Investing Cash Flow | -108.40M | -51.10M | -54.60M | -62.40M | -657.30M | 262.70M |
| Short-Term Debt Issued | 124.00M | |||||
| Long-Term Debt Issued | 115.40M | 823.70M | 300.00K | |||
| Total Debt Issued | 115.40M | 823.70M | 124.30M | |||
| Short-Term Debt Repaid | -124.00M | |||||
| Long-Term Debt Repaid | -116.30M | -100.00M | -690.00M | -500.00K | -475.70M | |
| Total Debt Repaid | -116.30M | -100.00M | -690.00M | -124.50M | -475.70M | |
| Net Debt Issued (Repaid) | -900.00K | -100.00M | 133.70M | -200.00K | -475.70M | |
| Issuance of Common Stock | 5.30M | 2.80M | 2.40M | 11.30M | 21.80M | 19.50M |
| Repurchase of Common Stock | -178.10M | -172.80M | -5.30M | -7.90M | -9.10M | -7.20M |
| Other Financing Activities | -400.00K | -800.00K | -18.20M | -2.20M | ||
| Financing Cash Flow | -173.20M | -170.90M | -103.70M | 118.90M | 12.50M | -465.60M |
| Foreign Exchange Rate Adjustments | -6.00M | 88.90M | -49.10M | 900.00K | -4.60M | 26.00M |
| Net Cash Flow | 15.00M | 142.60M | 129.10M | 333.10M | -466.70M | 184.70M |
| Free Cash Flow | 248.10M | 230.40M | 302.70M | 217.50M | 107.00M | 306.90M |
| Free Cash Flow Margin | 8.69% | 8.47% | 12.06% | 8.48% | 4.17% | 12.23% |
| Free Cash Flow Per Share | 1.50 | 1.36 | 1.76 | 1.30 | 0.60 | 1.73 |
| Levered Free Cash Flow | 267.89M | 232.76M | 367.62M | 227.20M | 189.74M | 272.44M |
| Unlevered Free Cash Flow | 286.01M | 251.44M | 391.73M | 262.23M | 209.64M | 282.95M |
| Cash Interest Paid | 41.80M | 46.10M | 54.70M | 63.20M | 38.40M | 35.70M |
| Cash Income Tax Paid | 98.30M | 79.80M | 32.90M | 98.60M | 119.20M | 84.00M |
| Change in Working Capital | -17.10M | 8.90M | 97.40M | -71.40M | -242.70M | -203.20M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.97B | 3.57B | 3.32B | 4.12B | 5.49B | 7.27B |
| Enterprise Value | 4.43B | 4.04B | 3.90B | 4.94B | 6.50B | 8.11B |
| Last Close Price | 23.51 | 21.71 | 19.29 | 24.06 | 33.67 | 45.06 |
| PE Ratio | 43.04 | 75.95 | 22.58 | 21.36 | ||
| Forward PE | 15.79 | 17.59 | 18.46 | 15.18 | 17.15 | 23.84 |
| PS Ratio | 1.39 | 1.31 | 1.32 | 1.61 | 2.14 | 2.90 |
| PB Ratio | 1.23 | 1.15 | 1.13 | 0.99 | 1.30 | 1.79 |
| P/TBV Ratio | 36.29 | 29.53 | 144.34 | |||
| P/FCF Ratio | 16.02 | 15.49 | 10.97 | 18.96 | 51.31 | 23.69 |
| P/OCF Ratio | 13.13 | 12.95 | 9.87 | 14.96 | 30.05 | 20.11 |
| PEG Ratio | 1.08 | 0.68 | 2.20 | 3.54 | 1.46 | 0.68 |
| EV/Sales Ratio | 1.55 | 1.49 | 1.55 | 1.92 | 2.53 | 3.23 |
| EV/EBITDA Ratio | 10.92 | 11.17 | 14.65 | 10.66 | 13.06 | 16.35 |
| EV/EBIT Ratio | 15.25 | 16.45 | 27.22 | 15.08 | 18.07 | 21.78 |
| EV/FCF Ratio | 17.88 | 17.53 | 12.89 | 22.70 | 60.77 | 26.43 |
| Debt / Equity Ratio | 0.52 | 0.51 | 0.53 | 0.40 | 0.36 | 0.36 |
| Debt / EBITDA Ratio | 3.47 | 3.89 | 4.95 | 3.28 | 2.85 | 2.73 |
| Debt / FCF Ratio | 6.40 | 6.93 | 5.11 | 7.60 | 14.29 | 4.76 |
| Net Debt / Equity Ratio | 0.15 | 0.12 | 0.16 | 0.17 | 0.22 | 0.10 |
| Net Debt / EBITDA Ratio | 1.14 | 1.07 | 1.80 | 1.54 | 1.85 | 0.78 |
| Net Debt / FCF Ratio | 1.86 | 1.68 | 1.58 | 3.28 | 8.62 | 1.26 |
| Asset Turnover | 0.51 | 0.49 | 0.42 | 0.39 | 0.39 | 0.37 |
| Inventory Turnover | 4.45 | 4.62 | 4.53 | 3.99 | 3.83 | 4.36 |
| Quick Ratio | 1.94 | 1.93 | 1.63 | 1.73 | 0.81 | 1.16 |
| Current Ratio | 2.42 | 2.38 | 2.04 | 2.23 | 1.15 | 1.52 |
| Return on Equity (ROE) | 3.06% | 1.56% | -31.47% | -2.39% | 5.76% | 6.78% |
| Return on Assets (ROA) | 3.23% | 2.78% | 1.50% | 3.10% | 3.42% | 3.46% |
| Return on Invested Capital (ROIC) | 3.31% | 1.89% | 3.45% | 6.54% | 6.30% | 8.05% |
| Return on Capital Employed (ROCE) | 6.10% | 5.10% | 3.20% | 5.60% | 6.70% | 6.90% |
| Earnings Yield | 2.32% | 1.32% | -33.70% | -2.43% | 4.43% | 4.68% |
| FCF Yield | 6.24% | 6.45% | 9.12% | 5.27% | 1.95% | 4.22% |
| Buyback Yield / Dilution | 3.52% | 1.74% | -3.18% | 6.02% | -1.05% | -8.23% |