Healthcare · Medical - Equipment & Services
Price
$26.79
Market Cap
$4.4B
Employees
12,300
Beta
0.89
Avg Volume
3,019,132
CEO
Paul A. Keel
Business Description
Envista Holdings Corporation is an enterprise dedicated to the development and distribution of a comprehensive range of dental solutions. These offerings are crucial for the identification, therapeutic intervention, and preventative care of diverse oral health issues, specifically addressing the teeth, gingiva (gums), and their supporting bone structures. The company's principal location is in Brea, California, and it maintains a workforce comprising 12,800 full-time personnel. The firm organizes its business activities into two main divisions: "Specialty Products & Technologies" and "Equipment & Consumables." The Specialty Products & Technologies division concentrates on the creation, fabrication, and promotion of sophisticated dental implant systems, advanced prosthetic devices, and their associated digital treatment software and technological advancements. This segment also provides orthodontic remedies, including bracket systems, clear aligners, and various items for dental laboratories. Conversely, the Equipment & Consumables division is responsible for conceptualizing, producing, and bringing to market a wide array of dental apparatus and vital supplies intended for professional dental clinics. This extensive catalog includes digital imaging instruments, specialized software, and visual or magnification systems; patient treatment units and other essential fixtures for dental practices; complete endodontic kits along with their complementary consumable items; materials and tools for restorative dentistry; rotary cutting tools (burs); impression-making compounds; adhesive agents and dental cements; and products designed for infection control.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
95.66
Stock Price: $26.79
EPS (Diluted): 0.28
EPS (Diluted): 0.28
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.17
Stock Price: $26.79
Total Equity: $3.11B
Shares: 169,200,000
Total Equity: $3.11B
Shares: 169,200,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
12.23
Market Cap: $4.36B
Total Debt: $1.49B
Cash: $1.21B
EBITDA: $329.80M
Total Debt: $1.49B
Cash: $1.21B
EBITDA: $329.80M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$4.0B
Market Cap: $4.36B
Total Debt: $1.49B
Cash: $1.21B
Total Debt: $1.49B
Cash: $1.21B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
55.0%
Gross Profit: $1.50B
Revenue: $2.72B
Revenue: $2.72B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
8.3%
Operating Income: $225.70M
Revenue: $2.72B
Revenue: $2.72B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
1.7%
Net Income: $47.00M
Revenue: $2.72B
Revenue: $2.72B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
1.5%
Net Income: $47.00M
Total Equity: $3.11B
Total Equity: $3.11B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
1.8%
Operating Income: $225.70M
Tax Rate: 73.5%
Equity: $3.11B
Total Debt: $1.49B
Cash: $1.21B
Tax Rate: 73.5%
Equity: $3.11B
Total Debt: $1.49B
Cash: $1.21B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.38
Current Assets: $2.03B
Current Liabilities: $852.60M
Current Liabilities: $852.60M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.48
Short-Term Debt: $39.00M
Long-Term Debt: $1.45B
Total Debt: $1.49B
Total Equity: $3.11B
Long-Term Debt: $1.45B
Total Debt: $1.49B
Total Equity: $3.11B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$16.07
Revenue: $2.72B
Shares: 169,200,000
Shares: 169,200,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$18.36
Total Equity: $3.11B
Shares: 169,200,000
Shares: 169,200,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.36
Operating CF: $275.70M
CapEx: -$45.30M
Shares: 169,200,000
CapEx: -$45.30M
Shares: 169,200,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $26.79
Stock Price: $26.79
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $47.00M
Net Income: $47.00M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares NVST against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:55pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.6B | $2.6B | $2.5B | $2.7B |
| Cost of Revenue | $1.0B | $1.1B | $1.1B | $1.1B | $1.2B |
| Gross Profit | $1.5B | $1.5B | $1.5B | $1.4B | $1.5B |
| Operating Expenses | $1.2B | $1.2B | $1.4B | $2.4B | $1.3B |
| Operating Income | $306.2M | $319.2M | $31.5M | -$1.0B | $225.7M |
| Net Income | $340.5M | $243.1M | -$100.2M | -$1.1B | $47.0M |
| EBITDA | $496.0M | $497.7M | $463.0M | $279.5M | $329.8M |
| EPS | $1.63 | $1.46 | $-0.60 | $-6.50 | $0.28 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:55pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.1B | $606.9M | $940.0M | $1.1B | $1.2B |
| Total Current Assets | $1.8B | $1.4B | $1.7B | $1.8B | $2.0B |
| Total Assets | $6.6B | $6.6B | $6.6B | $5.4B | $5.7B |
| Current Liabilities | $1.2B | $1.2B | $780.8M | $878.7M | $852.6M |
| Long-Term Debt | $883.4M | $870.7M | $1.4B | $1.3B | $1.4B |
| Total Liabilities | $2.5B | $2.4B | $2.4B | $2.4B | $2.6B |
| Total Equity | $4.1B | $4.2B | $4.2B | $2.9B | $3.1B |
| Retained Earnings | $466.9M | $731.4M | $631.2M | -$487.4M | -$440.4M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:55pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $361.6M | $182.7M | $275.7M | $336.5M | $275.7M |
| Capital Expenditure | -$54.7M | -$75.7M | -$58.2M | -$33.8M | -$45.3M |
| Free Cash Flow | $306.9M | $107.0M | $217.5M | $302.7M | $230.4M |
| Acquisitions (net) | $310.4M | -$622.3M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | -$166.6M |
| Net Change in Cash | $184.7M | -$466.7M | $333.1M | $129.1M | $142.6M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 11:18am (21h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$2.9B $2.8B – $2.9B
|
$3.0B $2.9B – $3.0B
|
$3.1B $3.1B – $3.1B
|
$3.2B $3.1B – $3.2B
|
| EBITDA |
$460.3M $457.1M – $463.5M
|
$476.2M $473.0M – $485.8M
|
$493.5M $493.5M – $493.5M
|
$510.5M $505.7M – $517.9M
|
| Net Income |
$242.3M $237.2M – $247.4M
|
$266.0M $260.8M – $271.1M
|
$270.8M $202.9M – $338.8M
|
$322.3M $318.4M – $328.4M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:55pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +2.4% | -0.1% | -2.2% | +8.3% |
| Gross Profit Growth | +1.8% | -2.5% | -4.1% | +7.5% |
| Operating Income Growth | +4.2% | -90.1% | -3,395.9% | +121.7% |
| Net Income Growth | -28.6% | -141.2% | -1,016.4% | +104.2% |
| EBITDA Growth | +0.3% | -7.0% | -39.6% | +18.0% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for NVST — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30