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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and Envista Holdings Corp (NVST). Click either name above to swap in a different company.

BREAD FINANCIAL HOLDINGS, INC. is the larger business by last-quarter revenue ($975.0M vs $705.5M, roughly 1.4× Envista Holdings Corp). On growth, Envista Holdings Corp posted the faster year-over-year revenue change (14.4% vs 5.4%). Over the past eight quarters, Envista Holdings Corp's revenue compounded faster (5.6% CAGR vs -0.8%).

Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.

Envista Forensics is a United States based company that provides forensic engineering and recovery solutions for the insurance, legal, and risk management industries in the United States and internationally. Originally LWG Consulting, Inc., The company rebranded itself as Envista Forensics in 2017.

BFH vs NVST — Head-to-Head

Bigger by revenue
BFH
BFH
1.4× larger
BFH
$975.0M
$705.5M
NVST
Growing faster (revenue YoY)
NVST
NVST
+9.0% gap
NVST
14.4%
5.4%
BFH
Faster 2-yr revenue CAGR
NVST
NVST
Annualised
NVST
5.6%
-0.8%
BFH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFH
BFH
NVST
NVST
Revenue
$975.0M
$705.5M
Net Profit
$39.0M
Gross Margin
55.3%
Operating Margin
4.9%
8.9%
Net Margin
5.5%
Revenue YoY
5.4%
14.4%
Net Profit YoY
116.7%
EPS (diluted)
$1.21
$0.23

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BFH
BFH
NVST
NVST
Q1 26
$705.5M
Q4 25
$975.0M
$750.6M
Q3 25
$971.0M
$669.9M
Q2 25
$929.0M
$682.1M
Q1 25
$970.0M
$616.9M
Q4 24
$925.0M
$652.9M
Q3 24
$983.0M
$601.0M
Q2 24
$939.0M
$633.1M
Net Profit
BFH
BFH
NVST
NVST
Q1 26
$39.0M
Q4 25
$32.9M
Q3 25
$188.0M
$-30.3M
Q2 25
$139.0M
$26.4M
Q1 25
$138.0M
$18.0M
Q4 24
$1.2M
Q3 24
$2.0M
$8.2M
Q2 24
$133.0M
$-1.2B
Gross Margin
BFH
BFH
NVST
NVST
Q1 26
55.3%
Q4 25
54.7%
Q3 25
55.3%
Q2 25
54.2%
Q1 25
54.5%
Q4 24
57.1%
Q3 24
52.8%
Q2 24
51.6%
Operating Margin
BFH
BFH
NVST
NVST
Q1 26
8.9%
Q4 25
4.9%
9.8%
Q3 25
20.2%
8.6%
Q2 25
18.7%
6.8%
Q1 25
20.3%
6.3%
Q4 24
-2.9%
7.1%
Q3 24
4.1%
3.5%
Q2 24
19.2%
-182.2%
Net Margin
BFH
BFH
NVST
NVST
Q1 26
5.5%
Q4 25
4.4%
Q3 25
19.4%
-4.5%
Q2 25
15.0%
3.9%
Q1 25
14.2%
2.9%
Q4 24
0.2%
Q3 24
0.2%
1.4%
Q2 24
14.2%
-181.9%
EPS (diluted)
BFH
BFH
NVST
NVST
Q1 26
$0.23
Q4 25
$1.21
$0.20
Q3 25
$3.96
$-0.18
Q2 25
$2.94
$0.16
Q1 25
$2.78
$0.10
Q4 24
$0.08
$0.00
Q3 24
$0.05
$0.05
Q2 24
$2.66
$-6.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BFH
BFH
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$3.6B
$1.1B
Total DebtLower is stronger
$4.3B
$1.4B
Stockholders' EquityBook value
$3.3B
$3.1B
Total Assets
$22.7B
$5.6B
Debt / EquityLower = less leverage
1.29×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFH
BFH
NVST
NVST
Q1 26
$1.1B
Q4 25
$3.6B
$1.2B
Q3 25
$3.8B
$1.1B
Q2 25
$3.8B
$1.1B
Q1 25
$4.2B
$1.1B
Q4 24
$4.0B
$1.1B
Q3 24
$3.5B
$991.3M
Q2 24
$4.1B
$1.0B
Total Debt
BFH
BFH
NVST
NVST
Q1 26
$1.4B
Q4 25
$4.3B
$1.4B
Q3 25
$3.8B
$1.4B
Q2 25
$4.2B
$1.4B
Q1 25
$5.1B
$1.4B
Q4 24
$5.6B
$1.4B
Q3 24
$4.6B
$1.4B
Q2 24
$1.5B
Stockholders' Equity
BFH
BFH
NVST
NVST
Q1 26
$3.1B
Q4 25
$3.3B
$3.1B
Q3 25
$3.3B
$3.1B
Q2 25
$3.2B
$3.1B
Q1 25
$3.1B
$3.0B
Q4 24
$3.1B
$2.9B
Q3 24
$3.1B
$3.1B
Q2 24
$3.2B
$3.0B
Total Assets
BFH
BFH
NVST
NVST
Q1 26
$5.6B
Q4 25
$22.7B
$5.7B
Q3 25
$21.7B
$5.6B
Q2 25
$21.8B
$5.7B
Q1 25
$22.4B
$5.5B
Q4 24
$22.9B
$5.4B
Q3 24
$21.7B
$5.5B
Q2 24
$22.1B
$5.4B
Debt / Equity
BFH
BFH
NVST
NVST
Q1 26
0.47×
Q4 25
1.29×
0.47×
Q3 25
1.14×
0.47×
Q2 25
1.34×
0.46×
Q1 25
1.67×
0.47×
Q4 24
1.82×
0.48×
Q3 24
1.47×
0.46×
Q2 24
0.51×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BFH
BFH
NVST
NVST
Operating Cash FlowLast quarter
$568.0M
Free Cash FlowOCF − Capex
$-15.7M
FCF MarginFCF / Revenue
-2.2%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$220.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFH
BFH
NVST
NVST
Q1 26
Q4 25
$568.0M
$108.0M
Q3 25
$605.0M
$78.7M
Q2 25
$526.0M
$88.7M
Q1 25
$393.0M
$300.0K
Q4 24
$479.0M
$132.4M
Q3 24
$456.0M
$70.7M
Q2 24
$477.0M
$93.1M
Free Cash Flow
BFH
BFH
NVST
NVST
Q1 26
$-15.7M
Q4 25
$91.7M
Q3 25
$67.9M
Q2 25
$76.4M
Q1 25
$-5.6M
Q4 24
$123.8M
Q3 24
$63.3M
Q2 24
$86.3M
FCF Margin
BFH
BFH
NVST
NVST
Q1 26
-2.2%
Q4 25
12.2%
Q3 25
10.1%
Q2 25
11.2%
Q1 25
-0.9%
Q4 24
19.0%
Q3 24
10.5%
Q2 24
13.6%
Capex Intensity
BFH
BFH
NVST
NVST
Q1 26
1.8%
Q4 25
2.2%
Q3 25
1.6%
Q2 25
1.8%
Q1 25
1.0%
Q4 24
1.3%
Q3 24
1.2%
Q2 24
1.1%
Cash Conversion
BFH
BFH
NVST
NVST
Q1 26
Q4 25
3.28×
Q3 25
3.22×
Q2 25
3.78×
3.36×
Q1 25
2.85×
0.02×
Q4 24
110.33×
Q3 24
228.00×
8.62×
Q2 24
3.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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