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Side-by-side financial comparison of FMC CORP (FMC) and Envista Holdings Corp (NVST). Click either name above to swap in a different company.

FMC CORP is the larger business by last-quarter revenue ($1.1B vs $750.6M, roughly 1.4× Envista Holdings Corp). Envista Holdings Corp runs the higher net margin — 4.4% vs -158.8%, a 163.2% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (15.0% vs -11.5%). FMC CORP produced more free cash flow last quarter ($631.1M vs $91.7M). Over the past eight quarters, Envista Holdings Corp's revenue compounded faster (9.7% CAGR vs 8.6%).

FMC Corporation is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania, which originated as an insecticide producer in 1883 and later diversified into other industries. In 1941 at the beginning of US involvement in WWII, the company received a contract to design and build amphibious tracked landing vehicles for the United States Department of War, and afterwards the company continued to diversify its products. FMC employs 7,000 people worldwide, and had gros...

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.

FMC vs NVST — Head-to-Head

Bigger by revenue
FMC
FMC
1.4× larger
FMC
$1.1B
$750.6M
NVST
Growing faster (revenue YoY)
NVST
NVST
+26.5% gap
NVST
15.0%
-11.5%
FMC
Higher net margin
NVST
NVST
163.2% more per $
NVST
4.4%
-158.8%
FMC
More free cash flow
FMC
FMC
$539.4M more FCF
FMC
$631.1M
$91.7M
NVST
Faster 2-yr revenue CAGR
NVST
NVST
Annualised
NVST
9.7%
8.6%
FMC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMC
FMC
NVST
NVST
Revenue
$1.1B
$750.6M
Net Profit
$-1.7B
$32.9M
Gross Margin
39.8%
54.7%
Operating Margin
-130.8%
9.8%
Net Margin
-158.8%
4.4%
Revenue YoY
-11.5%
15.0%
Net Profit YoY
-10457.1%
2641.7%
EPS (diluted)
$-13.77
$0.20

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
FMC
FMC
NVST
NVST
Q4 25
$1.1B
$750.6M
Q3 25
$542.2M
$669.9M
Q2 25
$1.1B
$682.1M
Q1 25
$791.4M
$616.9M
Q4 24
$1.2B
$652.9M
Q3 24
$1.1B
$601.0M
Q2 24
$1.0B
$633.1M
Q1 24
$918.0M
$623.6M
Net Profit
FMC
FMC
NVST
NVST
Q4 25
$-1.7B
$32.9M
Q3 25
$-569.3M
$-30.3M
Q2 25
$66.7M
$26.4M
Q1 25
$-15.5M
$18.0M
Q4 24
$-16.3M
$1.2M
Q3 24
$65.0M
$8.2M
Q2 24
$295.1M
$-1.2B
Q1 24
$-2.7M
$23.6M
Gross Margin
FMC
FMC
NVST
NVST
Q4 25
39.8%
54.7%
Q3 25
23.8%
55.3%
Q2 25
38.7%
54.2%
Q1 25
40.0%
54.5%
Q4 24
42.9%
57.1%
Q3 24
36.3%
52.8%
Q2 24
38.3%
51.6%
Q1 24
37.0%
57.1%
Operating Margin
FMC
FMC
NVST
NVST
Q4 25
-130.8%
9.8%
Q3 25
-73.1%
8.6%
Q2 25
12.0%
6.8%
Q1 25
7.4%
6.3%
Q4 24
19.2%
7.1%
Q3 24
12.7%
3.5%
Q2 24
6.0%
-182.2%
Q1 24
8.1%
7.7%
Net Margin
FMC
FMC
NVST
NVST
Q4 25
-158.8%
4.4%
Q3 25
-105.0%
-4.5%
Q2 25
6.3%
3.9%
Q1 25
-2.0%
2.9%
Q4 24
-1.3%
0.2%
Q3 24
6.1%
1.4%
Q2 24
28.4%
-181.9%
Q1 24
-0.3%
3.8%
EPS (diluted)
FMC
FMC
NVST
NVST
Q4 25
$-13.77
$0.20
Q3 25
$-4.52
$-0.18
Q2 25
$0.53
$0.16
Q1 25
$-0.12
$0.10
Q4 24
$-0.13
$0.00
Q3 24
$0.52
$0.05
Q2 24
$2.35
$-6.69
Q1 24
$-0.02
$0.14

Balance Sheet & Financial Strength

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

Metric
FMC
FMC
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$584.5M
$1.2B
Total DebtLower is stronger
$3.4B
$1.4B
Stockholders' EquityBook value
$2.1B
$3.1B
Total Assets
$9.7B
$5.7B
Debt / EquityLower = less leverage
1.62×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMC
FMC
NVST
NVST
Q4 25
$584.5M
$1.2B
Q3 25
$497.7M
$1.1B
Q2 25
$438.2M
$1.1B
Q1 25
$315.3M
$1.1B
Q4 24
$357.3M
$1.1B
Q3 24
$416.7M
$991.3M
Q2 24
$471.5M
$1.0B
Q1 24
$417.8M
$948.5M
Total Debt
FMC
FMC
NVST
NVST
Q4 25
$3.4B
$1.4B
Q3 25
$3.4B
$1.4B
Q2 25
$3.4B
$1.4B
Q1 25
$3.1B
$1.4B
Q4 24
$3.1B
$1.4B
Q3 24
$3.1B
$1.4B
Q2 24
$3.1B
$1.5B
Q1 24
$3.1B
$1.5B
Stockholders' Equity
FMC
FMC
NVST
NVST
Q4 25
$2.1B
$3.1B
Q3 25
$3.8B
$3.1B
Q2 25
$4.4B
$3.1B
Q1 25
$4.4B
$3.0B
Q4 24
$4.5B
$2.9B
Q3 24
$4.6B
$3.1B
Q2 24
$4.6B
$3.0B
Q1 24
$4.3B
$4.1B
Total Assets
FMC
FMC
NVST
NVST
Q4 25
$9.7B
$5.7B
Q3 25
$12.1B
$5.6B
Q2 25
$12.3B
$5.7B
Q1 25
$11.8B
$5.5B
Q4 24
$11.7B
$5.4B
Q3 24
$12.2B
$5.5B
Q2 24
$12.1B
$5.4B
Q1 24
$12.0B
$6.6B
Debt / Equity
FMC
FMC
NVST
NVST
Q4 25
1.62×
0.47×
Q3 25
0.89×
0.47×
Q2 25
0.76×
0.46×
Q1 25
0.71×
0.47×
Q4 24
0.69×
0.48×
Q3 24
0.68×
0.46×
Q2 24
0.68×
0.51×
Q1 24
0.72×
0.36×

Cash Flow & Capital Efficiency

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

Metric
FMC
FMC
NVST
NVST
Operating Cash FlowLast quarter
$657.1M
$108.0M
Free Cash FlowOCF − Capex
$631.1M
$91.7M
FCF MarginFCF / Revenue
58.3%
12.2%
Capex IntensityCapex / Revenue
2.4%
2.2%
Cash ConversionOCF / Net Profit
3.28×
TTM Free Cash FlowTrailing 4 quarters
$-102.5M
$230.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMC
FMC
NVST
NVST
Q4 25
$657.1M
$108.0M
Q3 25
$-184.2M
$78.7M
Q2 25
$65.9M
$88.7M
Q1 25
$-545.0M
$300.0K
Q4 24
$427.9M
$132.4M
Q3 24
$159.5M
$70.7M
Q2 24
$292.2M
$93.1M
Q1 24
$-142.9M
$40.3M
Free Cash Flow
FMC
FMC
NVST
NVST
Q4 25
$631.1M
$91.7M
Q3 25
$-207.9M
$67.9M
Q2 25
$50.9M
$76.4M
Q1 25
$-576.6M
$-5.6M
Q4 24
$406.3M
$123.8M
Q3 24
$143.8M
$63.3M
Q2 24
$282.3M
$86.3M
Q1 24
$-163.6M
$29.3M
FCF Margin
FMC
FMC
NVST
NVST
Q4 25
58.3%
12.2%
Q3 25
-38.3%
10.1%
Q2 25
4.8%
11.2%
Q1 25
-72.9%
-0.9%
Q4 24
33.2%
19.0%
Q3 24
13.5%
10.5%
Q2 24
27.2%
13.6%
Q1 24
-17.8%
4.7%
Capex Intensity
FMC
FMC
NVST
NVST
Q4 25
2.4%
2.2%
Q3 25
4.4%
1.6%
Q2 25
1.4%
1.8%
Q1 25
4.0%
1.0%
Q4 24
1.8%
1.3%
Q3 24
1.5%
1.2%
Q2 24
1.0%
1.1%
Q1 24
2.3%
1.8%
Cash Conversion
FMC
FMC
NVST
NVST
Q4 25
3.28×
Q3 25
Q2 25
0.99×
3.36×
Q1 25
0.02×
Q4 24
110.33×
Q3 24
2.45×
8.62×
Q2 24
0.99×
Q1 24
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FMC
FMC

Insecticides$440.3M41%
Herbicides$378.8M35%
Fungicides$140.4M13%
Plant Health$65.6M6%
Other$45.0M4%

NVST
NVST

Other$375.8M50%
Specialty Productsand Technologies$188.4M25%
Equipmentand Consumables$186.4M25%

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