Envista Holdings Corp (NVST)
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.
Sector: Dental Equipment & Supplies
Industry: Medical - Instruments & Supplies
Envista Holdings Corp
NYSE:NVSTHealthcare · Medical - Equipment & Services
-1.54%$23.60
AH Close$23.60+0.00%vs close
AH Close$23.60+0.00%vs close
Mkt Cap$3.79B
Float159.17M
O/S160.62M
Inst Own-
SI7.6%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.72B
Net Income$47M
Total Assets$5.68B
Free Cash Flow$230.4M
Debt & Equity
Debt 34%
Equity 66%
Total Debt$1.6B
Total Equity$3.11B
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
- 1:10Reverse splitAug 19, 200810 shares → 1
- 1:300Reverse splitJan 12, 2006300 shares → 1
Balance Sheet Details
Assets$5.68B
Liabilities$2.57B
Accounts Receivable$429.6M
Accounts Payable$191.6M
Inventory$288.1M
PP&E (Net)$438.9M
Goodwill$2.36B
Intangible Assets$627.2M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Revenue | $2.72B | $2.51B | $2.57B | $2.57B | $2.51B | $1.93B | $2.28B | $2.84B | $2.81B | $2.79B |
| YoY Growth | 8.3% | -2.2% | -0.1% | 2.4% | 30.1% | -15.6% | -19.7% | 1.2% | 0.9% | - |
| Cost of Revenue | $1.22B | $1.12B | $1.12B | $1.08B | $1.05B | $856M | $933.1M | $1.23B | $1.18B | $1.17B |
| Gross Profit | $1.5B | $1.39B | $1.45B | $1.49B | $1.46B | $1.07B | $1.35B | $1.61B | $1.63B | $1.61B |
| Gross Margin | 55.0% | 55.4% | 56.5% | 57.9% | 58.3% | 55.6% | 59.2% | 56.6% | 57.9% | 57.9% |
| Research and Development | $114M | $99.1M | $93.8M | $100.1M | $100.5M | $86.7M | $133.1M | $172M | $172.4M | $142.8M |
| Selling, General, and Administrative | $1.16B | $1.14B | $1.03B | $1.03B | $989.5M | $858.8M | $970.1M | $1.11B | $1.03B | $1.03B |
| Other | $0 | $1.19B | $295.9M | $40.7M | $66.2M | $84.1M | $12.8M | $26.4M | $35.9M | $33.3M |
| Total Operating Expenses | $1.27B | $2.43B | $1.42B | $1.17B | $1.16B | $1.03B | $1.12B | $1.31B | $1.24B | $1.21B |
| Operating Income (EBIT) | $225.7M | -$1.04B | $31.5M | $319.2M | $306.2M | $43.5M | $235.7M | $298.4M | $386.6M | $402.8M |
| Operating Margin | 8.3% | -41.4% | 1.2% | 12.4% | 12.2% | 2.3% | 10.3% | 10.5% | 13.8% | 14.5% |
| Interest Expense | $36.6M | $46.4M | $63.4M | $38.4M | $54.1M | $62.5M | $3.5M | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$48.5M | -$46.5M | -$86.4M | -$35.3M | -$51.7M | -$63.5M | -$2M | $2.7M | $100K | -$1.1M |
| Income Before Tax (EBT) | $177.2M | -$1.08B | -$54.9M | $283.9M | $254.5M | -$20M | $233.7M | $301.1M | $386.7M | $401.7M |
| Income Tax Expense | $130.2M | $33.9M | $45.3M | $45.9M | -$9M | -$62.5M | $49.6M | $70.4M | $85.6M | $129.7M |
| Net Income | $47M | -$1.12B | -$100.2M | $243.1M | $340.5M | $33.3M | $217.6M | $230.7M | $301.1M | $272M |
| Net Income Margin | 1.7% | -44.6% | -3.9% | 9.5% | 13.6% | 1.7% | 9.5% | 8.1% | 10.7% | 9.8% |
| Supplementary Data | ||||||||||
| EPS | 0.28 | -6.50 | -0.60 | 1.46 | 1.63 | 0.27 | 1.35 | 1.80 | 2.35 | 0.00 |
| Diluted EPS | 0.28 | -6.50 | -0.60 | 1.34 | 1.48 | 0.26 | 1.35 | 1.80 | 2.35 | 0.00 |
| Weighted Average OS | 168.00M | 172.20M | 166.90M | 162.90M | 161.20M | 159.60M | 136.20M | 154.60M | 154.60M | 154.60M |
| EBITDA | $329.8M | $279.5M | $490M | $522M | $524.3M | $290.7M | $416.6M | $454.8M | $543.9M | $563.3M |
| EBITDA Margin | 12.1% | 11.1% | 19.1% | 20.3% | 20.9% | 15.1% | 18.2% | 16.0% | 19.3% | 20.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $1.21B | $1.07B | $940M | $606.9M | $1.07B | $888.9M | $211.2M | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.21B | $1.07B | $940M | $606.9M | $1.07B | $888.9M | $211.2M | $0 | $0 |
| Accounts Receivable | $429.6M | $363M | $407.5M | $393.5M | $331.9M | $301.7M | $443.6M | $459.8M | $463.1M |
| Inventory | $288.1M | $241M | $258.8M | $300.8M | $263.8M | $216M | $277.9M | $278.7M | $275.7M |
| Other Current Assets | $97.2M | $115.2M | $137.4M | $123.4M | $12.2M | $113.9M | $0 | $0 | $0 |
| Total Current Assets | $2.03B | $1.79B | $1.74B | $1.42B | $1.84B | $1.59B | $1B | $786.8M | $794.5M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $438.9M | $419.8M | $434.7M | $425.4M | $392.2M | $437.3M | $490.4M | $261.6M | $231.2M |
| Goodwill | $2.36B | $2.26B | $3.29B | $3.5B | $3.13B | $3.21B | $3.31B | $3.33B | $3.37B |
| Intangible Assets | $627.2M | $649.9M | $954M | $1.09B | $1.05B | $1.15B | $1.29B | $1.39B | $1.52B |
| Long-Term Investments | $0 | $26.4M | $0 | $0 | -$160.5M | $0 | $0 | -$130.8M | -$143.2M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $160.5M | $0 | $0 | $130.8M | $143.2M |
| Other Long-Term Assets | $228.1M | $204.2M | $180.5M | $153.7M | $167.8M | $488M | $74.4M | $77.4M | $81.2M |
| Total Long-Term Assets | $3.65B | $3.56B | $4.86B | $5.16B | $4.74B | $5.29B | $5.16B | $5.05B | $5.2B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $5.68B | $5.35B | $6.61B | $6.59B | $6.57B | $6.88B | $6.16B | $5.84B | $5.99B |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $191.6M | $174.6M | $179.5M | $228.3M | $185.8M | $202.5M | $208M | $217.4M | $222.4M |
| Short-Term Debt | $0 | $116M | $115.3M | $510M | $456.1M | $886.8M | $3.9M | $0 | $0 |
| Current Income Tax Payable | $0 | $58.3M | $39.9M | $42.1M | $48.1M | $48.3M | $39.3M | $6.3M | $22.8M |
| Current Unearned Revenue | $184.8M | $146.5M | $106.4M | $78.9M | $60.1M | $44.6M | $52.6M | $58.4M | $52.1M |
| Other Current Liabilities | $376.7M | $407.1M | $277.3M | $265.3M | $406.7M | $414.5M | $309.9M | $302.5M | $281.2M |
| Total Current Liabilities | $852.6M | $878.7M | $780.8M | $1.24B | $1.21B | $1.68B | $709.2M | $641M | $628.2M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $1.45B | $1.28B | $1.4B | $870.7M | $883.4M | $907.7M | $1.32B | $0 | $0 |
| Long-Term Unearned Revenue | $22.4M | $20.3M | $8.4M | $8.6M | $5.1M | $3.6M | $4.4M | $4M | $4.1M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | -$5.1M | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $139M | $119.5M | $134M | $142.7M | $304.2M | $406.4M | $394.9M | $370.2M | $365.9M |
| Total Long-Term Liabilities | $1.72B | $1.54B | $1.65B | $1.14B | $1.31B | $1.47B | $1.91B | $374.2M | $370M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.57B | $2.42B | $2.43B | $2.38B | $2.52B | $3.15B | $2.62B | $1.02B | $998.2M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.8M | $1.7M | $1.7M | $1.6M | $1.6M | $1.6M | $1.6M | $4.9B | $4.99B |
| Retained Earnings | -$440.4M | -$487.4M | $631.2M | $731.4M | $466.9M | $126.4M | $93.1M | $0 | $0 |
| Comprehensive Income & Other | -$113.2M | -$371.1M | -$217.2M | -$225.1M | -$143.5M | -$91.8M | -$144.2M | -$78.2M | $600K |
| Other Stockholders' Equity | $3.54B | $3.42B | $3.54B | $3.47B | $3.59B | $3.59B | $3.45B | -$78.2M | $600K |
| Total Equity | $3.11B | $2.93B | $4.17B | $4.21B | $4.06B | $3.72B | $3.54B | $4.82B | $4.99B |
| Minority Interest | $0 | $0 | $0 | $0 | $400K | $400K | $2.6M | $3.3M | $4.1M |
| Total Liabilities and Equity | $5.68B | $5.35B | $6.61B | $6.59B | $6.57B | $6.88B | $6.16B | $5.84B | $5.99B |
| Supplementary Data | |||||||||
| Total Debt | $1.6B | $1.55B | $1.65B | $1.53B | $1.48B | $1.98B | $1.54B | $0 | $0 |
| Net Debt | $386M | $478.6M | $713.6M | $922.2M | $410M | $1.09B | $1.33B | $0 | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Operating Activities | ||||||||||
| Net Income | $47M | -$1.12B | -$100.2M | $243.1M | $340.5M | $33.3M | $217.6M | $230.7M | $301.1M | $272M |
| Depreciation & Amortization | $116M | $123.1M | $162.6M | $162.1M | $151.9M | $163.1M | $168.1M | $130M | $121.4M | $127.2M |
| Deferred Income Tax | $11.4M | -$29M | -$37M | $0 | $0 | $55.6M | $0 | $1.7M | -$58.2M | -$21.1M |
| Stock-Based Compensation | $37.6M | $35.3M | $30.7M | $30.5M | $28.2M | $22.6M | $18.4M | $13.3M | $12.3M | $10.5M |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | -$48.5M | $10M | -$17M | -$71M | -$43.2M | $71.9M | $3.3M | -$3.8M | -$18.9M | -$27.3M |
| Inventory | -$29.1M | $3.6M | $35.1M | -$39.9M | -$66M | $11.9M | -$1.5M | -$8.9M | -$30.5M | -$8.9M |
| Accounts Payable | $7.5M | -$1.2M | -$46.3M | $44.5M | -$20.3M | $21.6M | -$7.9M | -$3.8M | -$500K | $15.3M |
| Other Working Capital | $79M | $85M | -$80.2M | -$205.3M | -$73.7M | -$120.6M | -$10M | $42.2M | -$32.6M | $17.3M |
| Total Working Capital Change | $8.9M | $97.4M | -$108.4M | -$271.7M | -$203.2M | -$15.2M | -$16.1M | $25.7M | -$82.5M | -$3.6M |
| Other Non-Cash Items | $54.8M | $1.23B | $328M | $18.7M | $44.2M | $24.5M | $9.5M | $400K | $6.8M | $10.9M |
| Net Cash from Operating | $275.7M | $336.5M | $275.7M | $182.7M | $361.6M | $283.9M | $397.5M | $400.1M | $359.1M | $417M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$45.3M | -$33.8M | -$58.2M | -$75.7M | -$54.7M | -$47.7M | -$77.8M | -$72.2M | -$48.9M | -$49.1M |
| Acquisitions | $0 | $0 | $0 | -$622.3M | $310.4M | -$40.7M | $0 | $0 | $100K | -$5M |
| Purchases of Investments | -$9.9M | -$32.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $10.4M | $9.7M | $10.7M | $56M | $11.4M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$6.3M | $2.3M | -$14.9M | -$15.3M | -$4.4M | $19.3M | -$600K | -$3.3M | -$6M | -$5.3M |
| Net Cash from Investing | -$51.1M | -$54.6M | -$62.4M | -$657.3M | $262.7M | -$69.1M | -$78.4M | -$75.5M | -$54.9M | -$59.4M |
| Financing Activities | ||||||||||
| Debt Repaid | $900K | $100M | -$115.4M | $200K | $475.7M | -$517.5M | -$1.32B | - | - | - |
| Common Stock Issuance | $2.8M | $2.4M | $11.3M | $21.8M | $19.5M | $0 | $643.4M | $0 | $0 | $0 |
| Common Stock Repurchases | -$166.6M | $0 | $0 | $0 | $0 | -$5M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$6.2M | -$6.1M | -$7.8M | -$9.1M | -$9.4M | -$19.8M | -$2.07B | -$324.6M | -$304.2M | -$357.6M |
| Net Cash from Financing | -$170.9M | -$103.7M | $118.9M | $12.5M | -$465.6M | $492.5M | -$107.7M | -$324.6M | -$304.2M | -$357.6M |
| Forex Effect | $88.9M | -$49.1M | $900K | -$4.6M | $26M | -$29.6M | -$200K | $0 | $0 | $0 |
| Net Change in Cash | $142.6M | $129.1M | $333.1M | -$466.7M | $184.7M | $677.7M | $211.2M | $0 | $0 | $0 |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $275.7M | $336.5M | $275.7M | $182.7M | $361.6M | $283.9M | $397.5M | $400.1M | $359.1M | $417M |
| Capital Expenditure | -$45.3M | -$33.8M | -$58.2M | -$75.7M | -$54.7M | -$47.7M | -$77.8M | -$72.2M | -$48.9M | -$49.1M |
| Free Cash Flow | $230.4M | $302.7M | $217.5M | $107M | $306.9M | $236.2M | $319.7M | $327.9M | $310.2M | $367.9M |
| Cash at Beginning | $1.07B | $940M | $606.9M | $1.07B | $888.9M | $211.2M | $0 | $0 | $0 | $0 |
| Cash at End | $1.21B | $1.07B | $940M | $606.9M | $1.07B | $888.9M | $211.2M | $0 | $0 | $0 |