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Side-by-side financial comparison of Hamilton Insurance Group, Ltd. (HG) and Envista Holdings Corp (NVST). Click either name above to swap in a different company.

Hamilton Insurance Group, Ltd. is the larger business by last-quarter revenue ($758.9M vs $705.5M, roughly 1.1× Envista Holdings Corp). Hamilton Insurance Group, Ltd. runs the higher net margin — 17.6% vs 5.5%, a 12.1% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (14.4% vs -1.3%). Over the past eight quarters, Hamilton Insurance Group, Ltd.'s revenue compounded faster (13.6% CAGR vs 5.6%).

White Mountains Insurance Group is a diversified insurance and related financial services holding company based in Hamilton, Bermuda. Redomiciled from Delaware, United States, on October 25, 1999, the company conducts most of its business through its insurance subsidiaries and other affiliates.

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.

HG vs NVST — Head-to-Head

Bigger by revenue
HG
HG
1.1× larger
HG
$758.9M
$705.5M
NVST
Growing faster (revenue YoY)
NVST
NVST
+15.6% gap
NVST
14.4%
-1.3%
HG
Higher net margin
HG
HG
12.1% more per $
HG
17.6%
5.5%
NVST
Faster 2-yr revenue CAGR
HG
HG
Annualised
HG
13.6%
5.6%
NVST

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
HG
HG
NVST
NVST
Revenue
$758.9M
$705.5M
Net Profit
$133.5M
$39.0M
Gross Margin
55.3%
Operating Margin
8.9%
Net Margin
17.6%
5.5%
Revenue YoY
-1.3%
14.4%
Net Profit YoY
19.7%
116.7%
EPS (diluted)
$1.31
$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
HG
HG
NVST
NVST
Q1 26
$758.9M
$705.5M
Q4 25
$728.3M
$750.6M
Q3 25
$667.6M
$669.9M
Q2 25
$740.8M
$682.1M
Q1 25
$768.8M
$616.9M
Q4 24
$570.5M
$652.9M
Q3 24
$512.8M
$601.0M
Q2 24
$587.9M
$633.1M
Net Profit
HG
HG
NVST
NVST
Q1 26
$133.5M
$39.0M
Q4 25
$214.6M
$32.9M
Q3 25
$176.4M
$-30.3M
Q2 25
$267.8M
$26.4M
Q1 25
$181.3M
$18.0M
Q4 24
$74.4M
$1.2M
Q3 24
$61.0M
$8.2M
Q2 24
$200.4M
$-1.2B
Gross Margin
HG
HG
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
HG
HG
NVST
NVST
Q1 26
8.9%
Q4 25
26.0%
9.8%
Q3 25
27.0%
8.6%
Q2 25
36.5%
6.8%
Q1 25
24.0%
6.3%
Q4 24
13.4%
7.1%
Q3 24
12.5%
3.5%
Q2 24
34.5%
-182.2%
Net Margin
HG
HG
NVST
NVST
Q1 26
17.6%
5.5%
Q4 25
29.5%
4.4%
Q3 25
26.4%
-4.5%
Q2 25
36.1%
3.9%
Q1 25
23.6%
2.9%
Q4 24
13.0%
0.2%
Q3 24
11.9%
1.4%
Q2 24
34.1%
-181.9%
EPS (diluted)
HG
HG
NVST
NVST
Q1 26
$1.31
$0.23
Q4 25
$1.67
$0.20
Q3 25
$1.32
$-0.18
Q2 25
$1.79
$0.16
Q1 25
$0.77
$0.10
Q4 24
$0.35
$0.00
Q3 24
$0.74
$0.05
Q2 24
$1.20
$-6.69

Balance Sheet & Financial Strength

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

Metric
HG
HG
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$842.5M
$1.1B
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$2.7B
$3.1B
Total Assets
$9.9B
$5.6B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HG
HG
NVST
NVST
Q1 26
$842.5M
$1.1B
Q4 25
$1.1B
$1.2B
Q3 25
$955.1M
$1.1B
Q2 25
$985.6M
$1.1B
Q1 25
$838.5M
$1.1B
Q4 24
$996.5M
$1.1B
Q3 24
$957.4M
$991.3M
Q2 24
$1.0B
$1.0B
Total Debt
HG
HG
NVST
NVST
Q1 26
$1.4B
Q4 25
$149.7M
$1.4B
Q3 25
$149.7M
$1.4B
Q2 25
$149.7M
$1.4B
Q1 25
$150.0M
$1.4B
Q4 24
$149.9M
$1.4B
Q3 24
$149.9M
$1.4B
Q2 24
$149.9M
$1.5B
Stockholders' Equity
HG
HG
NVST
NVST
Q1 26
$2.7B
$3.1B
Q4 25
$2.8B
$3.1B
Q3 25
$2.7B
$3.1B
Q2 25
$2.6B
$3.1B
Q1 25
$2.4B
$3.0B
Q4 24
$2.3B
$2.9B
Q3 24
$2.3B
$3.1B
Q2 24
$2.2B
$3.0B
Total Assets
HG
HG
NVST
NVST
Q1 26
$9.9B
$5.6B
Q4 25
$9.6B
$5.7B
Q3 25
$9.2B
$5.6B
Q2 25
$8.9B
$5.7B
Q1 25
$8.3B
$5.5B
Q4 24
$7.8B
$5.4B
Q3 24
$7.8B
$5.5B
Q2 24
$7.6B
$5.4B
Debt / Equity
HG
HG
NVST
NVST
Q1 26
0.47×
Q4 25
0.05×
0.47×
Q3 25
0.06×
0.47×
Q2 25
0.06×
0.46×
Q1 25
0.06×
0.47×
Q4 24
0.06×
0.48×
Q3 24
0.06×
0.46×
Q2 24
0.07×
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
HG
HG
NVST
NVST
Operating Cash FlowLast quarter
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
HG
HG
NVST
NVST
Q1 26
Q4 25
$293.4M
$108.0M
Q3 25
$295.6M
$78.7M
Q2 25
$218.4M
$88.7M
Q1 25
$34.9M
$300.0K
Q4 24
$284.1M
$132.4M
Q3 24
$160.6M
$70.7M
Q2 24
$156.4M
$93.1M
Free Cash Flow
HG
HG
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
HG
HG
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
HG
HG
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
HG
HG
NVST
NVST
Q1 26
Q4 25
1.37×
3.28×
Q3 25
1.68×
Q2 25
0.82×
3.36×
Q1 25
0.19×
0.02×
Q4 24
3.82×
110.33×
Q3 24
2.63×
8.62×
Q2 24
0.78×

Financial Flow Comparison

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

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