NVSTNYSEDental Equipment & SuppliesFiscal year ends December 31
Envista Holdings Corp
Financials through Q2 FY2026, quarter ended Jul 3, 2026Last filing: 10-Q on Aug 5, 2026
$22.61−0.29 (-1.27%)
Close on Oct 19, 2026
- Market cap
- $3.71B
- P/E (TTM)
- 39.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
54.7%−0.0 pts over 5 years
Operating margin
7.9%+5.7 pts over 5 years
Net margin
1.7%+0.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.3% | +1.9% | +7.1% | – | |
| Gross profit | +8.3% | +0.3% | +7.1% | – | |
| Operating income | – | -12.2% | +37.8% | – | |
| Net income | – | -42.2% | +7.1% | – | |
| EPS, diluted | – | -41.1% | +7.0% | – | |
| Free cash flow | -23.9% | +29.1% | -0.5% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 0.9% | 1.6% | |
| Return on assets | – | 0.5% | 0.9% | |
| Current ratio | – | 0.94 | 2.38 | |
| Debt to equity | – | 0.48 | 0.47 | |
| Net debt to EBITDA | – | 5.48× | 0.71× | |
| Interest coverage | – | 0.7× | – | |
| Inventory turnover | – | 3.5× | 4.7× | |
| Capex to revenue | – | 2.5% | 1.7% | |
| Diluted shares | – | 164M | 169M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Envista generated $1.43B from operations and spent $434.30M on capital expenditure, dividends and share buybacks. 62% of that went back into the business.
Generated
$1.43B
Used
$434.30M
Capital expenditure$267.70M62%Dividends$00%Share buybacks$166.60M38%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.7%
×Asset turnover0.49×
×Equity multiplier1.83×
=Return on equity, FY20251.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.7% | 0.49× | 1.83× | 1.6% |
| FY2024 | -44.6% | 0.42× | 1.68× | -31.5% |
| FY2023 | -3.9% | 0.39× | 1.57× | -2.4% |
| FY2022 | 9.5% | 0.39× | 1.59× | 5.9% |
| FY2021 | 13.6% | 0.37× | 1.73× | 8.8% |
| FY2020 | 1.7% | 0.30× | 1.80× | 0.9% |
| FY2019 | 9.5% | 0.38× | 1.43× | 5.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$47.00M
- Cash generatingOperating cash flow above zero$275.70M
- Return on assets improvedROA up on the prior year-16.9% → 0.9%
- Earnings backed by cashOperating cash flow above net income$275.70M vs $47.00M
- Less leverageLong-term debt to assets fell23.9% → 25.5%
- Better liquidityCurrent ratio rose2.04 → 2.38
- No dilutionShare count did not rise172M → 169M
- Gross margin improvedGross margin up on the prior year54.68% → 54.67%
- More efficientAsset turnover rose0.38 → 0.51