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Side-by-side financial comparison of Enovix Corp (ENVX) and UTAH MEDICAL PRODUCTS INC (UTMD). Click either name above to swap in a different company.

Enovix Corp is the larger business by last-quarter revenue ($11.3M vs $9.0M, roughly 1.2× UTAH MEDICAL PRODUCTS INC). UTAH MEDICAL PRODUCTS INC runs the higher net margin — 28.4% vs -310.6%, a 339.0% gap on every dollar of revenue. On growth, Enovix Corp posted the faster year-over-year revenue change (15.9% vs -1.2%). UTAH MEDICAL PRODUCTS INC produced more free cash flow last quarter ($3.4M vs $-28.0M). Over the past eight quarters, Enovix Corp's revenue compounded faster (46.2% CAGR vs -10.7%).

Enovix Corp is an advanced battery technology company that designs, develops and manufactures high-energy-density 3D silicon anode lithium-ion batteries. Its products serve consumer electronics, wearable devices, electric vehicles, and renewable energy storage segments, with customers and operations across North America, Asia and Europe.

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

ENVX vs UTMD — Head-to-Head

Bigger by revenue
ENVX
ENVX
1.2× larger
ENVX
$11.3M
$9.0M
UTMD
Growing faster (revenue YoY)
ENVX
ENVX
+17.2% gap
ENVX
15.9%
-1.2%
UTMD
Higher net margin
UTMD
UTMD
339.0% more per $
UTMD
28.4%
-310.6%
ENVX
More free cash flow
UTMD
UTMD
$31.4M more FCF
UTMD
$3.4M
$-28.0M
ENVX
Faster 2-yr revenue CAGR
ENVX
ENVX
Annualised
ENVX
46.2%
-10.7%
UTMD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ENVX
ENVX
UTMD
UTMD
Revenue
$11.3M
$9.0M
Net Profit
$-35.0M
$2.6M
Gross Margin
22.2%
58.2%
Operating Margin
-390.5%
27.0%
Net Margin
-310.6%
28.4%
Revenue YoY
15.9%
-1.2%
Net Profit YoY
6.6%
-11.6%
EPS (diluted)
$-0.14
$0.80

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
ENVX
ENVX
UTMD
UTMD
Q4 25
$11.3M
$9.0M
Q3 25
$8.0M
$9.8M
Q2 25
$7.5M
$10.0M
Q1 25
$5.1M
$9.7M
Q4 24
$9.7M
$9.2M
Q3 24
$4.3M
$10.0M
Q2 24
$3.8M
$10.4M
Q1 24
$5.3M
$11.3M
Net Profit
ENVX
ENVX
UTMD
UTMD
Q4 25
$-35.0M
$2.6M
Q3 25
$-53.7M
$2.6M
Q2 25
$-44.5M
$3.0M
Q1 25
$-23.5M
$3.0M
Q4 24
$-37.5M
$2.9M
Q3 24
$-22.5M
$3.6M
Q2 24
$-115.9M
$3.5M
Q1 24
$-46.4M
$4.0M
Gross Margin
ENVX
ENVX
UTMD
UTMD
Q4 25
22.2%
58.2%
Q3 25
17.5%
57.1%
Q2 25
26.0%
56.2%
Q1 25
5.1%
57.0%
Q4 24
10.8%
58.1%
Q3 24
-14.9%
58.0%
Q2 24
-17.4%
60.1%
Q1 24
-34.1%
59.7%
Operating Margin
ENVX
ENVX
UTMD
UTMD
Q4 25
-390.5%
27.0%
Q3 25
-587.9%
26.6%
Q2 25
-585.6%
32.1%
Q1 25
-834.8%
32.5%
Q4 24
-355.2%
32.0%
Q3 24
-1141.2%
33.4%
Q2 24
-2355.4%
33.1%
Q1 24
-1330.3%
34.2%
Net Margin
ENVX
ENVX
UTMD
UTMD
Q4 25
-310.6%
28.4%
Q3 25
-672.3%
26.8%
Q2 25
-596.3%
30.6%
Q1 25
-461.2%
31.3%
Q4 24
-385.6%
31.7%
Q3 24
-522.0%
35.6%
Q2 24
-3075.2%
33.2%
Q1 24
-879.5%
34.9%
EPS (diluted)
ENVX
ENVX
UTMD
UTMD
Q4 25
$-0.14
$0.80
Q3 25
$-0.27
$0.82
Q2 25
$-0.22
$0.94
Q1 25
$-0.12
$0.92
Q4 24
$0.00
$0.86
Q3 24
$-0.28
$1.03
Q2 24
$-0.63
$0.98
Q1 24
$-0.28
$1.09

Balance Sheet & Financial Strength

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

Metric
ENVX
ENVX
UTMD
UTMD
Cash + ST InvestmentsLiquidity on hand
$512.0M
$85.8M
Total DebtLower is stronger
$519.5M
$225.0K
Stockholders' EquityBook value
$271.2M
$119.3M
Total Assets
$879.0M
$122.5M
Debt / EquityLower = less leverage
1.92×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENVX
ENVX
UTMD
UTMD
Q4 25
$512.0M
$85.8M
Q3 25
$558.8M
$84.3M
Q2 25
$203.4M
$82.2M
Q1 25
$248.2M
$83.3M
Q4 24
$272.9M
$83.0M
Q3 24
$200.9M
$88.5M
Q2 24
$249.9M
$89.2M
Q1 24
$262.4M
$93.8M
Total Debt
ENVX
ENVX
UTMD
UTMD
Q4 25
$519.5M
$225.0K
Q3 25
$518.6M
Q2 25
$169.7M
Q1 25
$169.4M
$269.0K
Q4 24
$170.0M
$282.0K
Q3 24
$168.9M
Q2 24
$170.1M
Q1 24
$169.8M
Stockholders' Equity
ENVX
ENVX
UTMD
UTMD
Q4 25
$271.2M
$119.3M
Q3 25
$294.3M
$118.3M
Q2 25
$203.7M
$117.5M
Q1 25
$235.1M
$117.0M
Q4 24
$246.7M
$117.4M
Q3 24
$167.6M
$124.2M
Q2 24
$170.3M
$124.1M
Q1 24
$229.3M
$127.7M
Total Assets
ENVX
ENVX
UTMD
UTMD
Q4 25
$879.0M
$122.5M
Q3 25
$913.7M
$122.0M
Q2 25
$469.1M
$120.8M
Q1 25
$499.0M
$122.5M
Q4 24
$527.2M
$122.5M
Q3 24
$448.0M
$129.7M
Q2 24
$489.0M
$130.0M
Q1 24
$508.9M
$135.4M
Debt / Equity
ENVX
ENVX
UTMD
UTMD
Q4 25
1.92×
0.00×
Q3 25
1.76×
Q2 25
0.83×
Q1 25
0.72×
0.00×
Q4 24
0.69×
0.00×
Q3 24
1.01×
Q2 24
1.00×
Q1 24
0.74×

Cash Flow & Capital Efficiency

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

Metric
ENVX
ENVX
UTMD
UTMD
Operating Cash FlowLast quarter
$-27.0M
$3.5M
Free Cash FlowOCF − Capex
$-28.0M
$3.4M
FCF MarginFCF / Revenue
-248.6%
37.2%
Capex IntensityCapex / Revenue
8.9%
1.2%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$-113.5M
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENVX
ENVX
UTMD
UTMD
Q4 25
$-27.0M
$3.5M
Q3 25
$-25.5M
$3.9M
Q2 25
$-25.9M
$2.9M
Q1 25
$-16.9M
$4.5M
Q4 24
$-16.0M
$2.9M
Q3 24
$-30.7M
$3.9M
Q2 24
$-26.9M
$2.8M
Q1 24
$-35.0M
$5.3M
Free Cash Flow
ENVX
ENVX
UTMD
UTMD
Q4 25
$-28.0M
$3.4M
Q3 25
$-28.5M
$3.9M
Q2 25
$-33.8M
$2.8M
Q1 25
$-23.2M
$4.3M
Q4 24
$-32.3M
$2.9M
Q3 24
$-50.2M
$3.8M
Q2 24
$-52.2M
$2.7M
Q1 24
$-50.1M
$5.3M
FCF Margin
ENVX
ENVX
UTMD
UTMD
Q4 25
-248.6%
37.2%
Q3 25
-356.7%
39.2%
Q2 25
-453.0%
28.4%
Q1 25
-454.7%
44.1%
Q4 24
-332.6%
32.0%
Q3 24
-1163.2%
37.7%
Q2 24
-1384.2%
25.5%
Q1 24
-950.9%
46.3%
Capex Intensity
ENVX
ENVX
UTMD
UTMD
Q4 25
8.9%
1.2%
Q3 25
37.2%
0.3%
Q2 25
106.7%
0.5%
Q1 25
123.0%
1.9%
Q4 24
168.3%
0.1%
Q3 24
452.5%
0.9%
Q2 24
669.0%
1.1%
Q1 24
286.2%
0.2%
Cash Conversion
ENVX
ENVX
UTMD
UTMD
Q4 25
1.36×
Q3 25
1.47×
Q2 25
0.94×
Q1 25
1.47×
Q4 24
1.01×
Q3 24
1.08×
Q2 24
0.80×
Q1 24
1.33×

Financial Flow Comparison

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

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