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

Envista Holdings Corp is the larger business by last-quarter revenue ($750.6M vs $646.0M, roughly 1.2× IAC Inc.). Envista Holdings Corp runs the higher net margin — 4.4% vs -11.9%, a 16.3% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (15.0% vs -10.5%). Envista Holdings Corp produced more free cash flow last quarter ($91.7M vs $31.4M). Over the past eight quarters, Envista Holdings Corp's revenue compounded faster (9.7% CAGR vs 1.7%).

IAC Inc. is an American holding company that owns brands worldwide, mostly in media and Internet. The company originated in 1996 as HSN Inc., the holding company of Home Shopping Network and USA Network before changing its name to USA Networks, Inc. in 1999. The firm's television assets then were sold to Vivendi in 2002.

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.

IAC vs NVST — Head-to-Head

Bigger by revenue
NVST
NVST
1.2× larger
NVST
$750.6M
$646.0M
IAC
Growing faster (revenue YoY)
NVST
NVST
+25.4% gap
NVST
15.0%
-10.5%
IAC
Higher net margin
NVST
NVST
16.3% more per $
NVST
4.4%
-11.9%
IAC
More free cash flow
NVST
NVST
$60.3M more FCF
NVST
$91.7M
$31.4M
IAC
Faster 2-yr revenue CAGR
NVST
NVST
Annualised
NVST
9.7%
1.7%
IAC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IAC
IAC
NVST
NVST
Revenue
$646.0M
$750.6M
Net Profit
$-76.8M
$32.9M
Gross Margin
69.8%
54.7%
Operating Margin
-17.5%
9.8%
Net Margin
-11.9%
4.4%
Revenue YoY
-10.5%
15.0%
Net Profit YoY
61.4%
2641.7%
EPS (diluted)
$-0.96
$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
IAC
IAC
NVST
NVST
Q4 25
$646.0M
$750.6M
Q3 25
$589.8M
$669.9M
Q2 25
$586.9M
$682.1M
Q1 25
$570.5M
$616.9M
Q4 24
$721.4M
$652.9M
Q3 24
$642.0M
$601.0M
Q2 24
$634.4M
$633.1M
Q1 24
$624.3M
$623.6M
Net Profit
IAC
IAC
NVST
NVST
Q4 25
$-76.8M
$32.9M
Q3 25
$-21.9M
$-30.3M
Q2 25
$211.5M
$26.4M
Q1 25
$-216.8M
$18.0M
Q4 24
$-199.0M
$1.2M
Q3 24
$-243.7M
$8.2M
Q2 24
$-142.2M
$-1.2B
Q1 24
$45.0M
$23.6M
Gross Margin
IAC
IAC
NVST
NVST
Q4 25
69.8%
54.7%
Q3 25
64.8%
55.3%
Q2 25
65.6%
54.2%
Q1 25
64.0%
54.5%
Q4 24
65.8%
57.1%
Q3 24
62.1%
52.8%
Q2 24
60.1%
51.6%
Q1 24
58.4%
57.1%
Operating Margin
IAC
IAC
NVST
NVST
Q4 25
-17.5%
9.8%
Q3 25
-3.5%
8.6%
Q2 25
0.1%
6.8%
Q1 25
6.3%
6.3%
Q4 24
6.7%
7.1%
Q3 24
1.3%
3.5%
Q2 24
-3.4%
-182.2%
Q1 24
-10.2%
7.7%
Net Margin
IAC
IAC
NVST
NVST
Q4 25
-11.9%
4.4%
Q3 25
-3.7%
-4.5%
Q2 25
36.0%
3.9%
Q1 25
-38.0%
2.9%
Q4 24
-27.6%
0.2%
Q3 24
-38.0%
1.4%
Q2 24
-22.4%
-181.9%
Q1 24
7.2%
3.8%
EPS (diluted)
IAC
IAC
NVST
NVST
Q4 25
$-0.96
$0.20
Q3 25
$-0.27
$-0.18
Q2 25
$2.57
$0.16
Q1 25
$-2.64
$0.10
Q4 24
$-2.36
$0.00
Q3 24
$-2.93
$0.05
Q2 24
$-1.71
$-6.69
Q1 24
$0.51
$0.14

Balance Sheet & Financial Strength

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

Metric
IAC
IAC
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$960.2M
$1.2B
Total DebtLower is stronger
$1.4B
$1.4B
Stockholders' EquityBook value
$4.7B
$3.1B
Total Assets
$7.1B
$5.7B
Debt / EquityLower = less leverage
0.30×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IAC
IAC
NVST
NVST
Q4 25
$960.2M
$1.2B
Q3 25
$1.0B
$1.1B
Q2 25
$1.1B
$1.1B
Q1 25
$1.2B
$1.1B
Q4 24
$1.4B
$1.1B
Q3 24
$1.3B
$991.3M
Q2 24
$1.3B
$1.0B
Q1 24
$1.3B
$948.5M
Total Debt
IAC
IAC
NVST
NVST
Q4 25
$1.4B
$1.4B
Q3 25
$1.4B
$1.4B
Q2 25
$1.4B
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.5B
Q1 24
$1.5B
Stockholders' Equity
IAC
IAC
NVST
NVST
Q4 25
$4.7B
$3.1B
Q3 25
$4.8B
$3.1B
Q2 25
$4.9B
$3.1B
Q1 25
$4.7B
$3.0B
Q4 24
$5.6B
$2.9B
Q3 24
$5.8B
$3.1B
Q2 24
$6.0B
$3.0B
Q1 24
$6.1B
$4.1B
Total Assets
IAC
IAC
NVST
NVST
Q4 25
$7.1B
$5.7B
Q3 25
$7.2B
$5.6B
Q2 25
$7.4B
$5.7B
Q1 25
$7.2B
$5.5B
Q4 24
$9.7B
$5.4B
Q3 24
$9.8B
$5.5B
Q2 24
$10.2B
$5.4B
Q1 24
$10.4B
$6.6B
Debt / Equity
IAC
IAC
NVST
NVST
Q4 25
0.30×
0.47×
Q3 25
0.30×
0.47×
Q2 25
0.30×
0.46×
Q1 25
0.47×
Q4 24
0.48×
Q3 24
0.46×
Q2 24
0.51×
Q1 24
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
IAC
IAC
NVST
NVST
Operating Cash FlowLast quarter
$36.6M
$108.0M
Free Cash FlowOCF − Capex
$31.4M
$91.7M
FCF MarginFCF / Revenue
4.9%
12.2%
Capex IntensityCapex / Revenue
0.8%
2.2%
Cash ConversionOCF / Net Profit
3.28×
TTM Free Cash FlowTrailing 4 quarters
$44.8M
$230.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IAC
IAC
NVST
NVST
Q4 25
$36.6M
$108.0M
Q3 25
$30.1M
$78.7M
Q2 25
$-2.8M
$88.7M
Q1 25
$63.0K
$300.0K
Q4 24
$110.1M
$132.4M
Q3 24
$95.3M
$70.7M
Q2 24
$85.0M
$93.1M
Q1 24
$64.1M
$40.3M
Free Cash Flow
IAC
IAC
NVST
NVST
Q4 25
$31.4M
$91.7M
Q3 25
$25.3M
$67.9M
Q2 25
$-7.2M
$76.4M
Q1 25
$-4.6M
$-5.6M
Q4 24
$104.8M
$123.8M
Q3 24
$92.0M
$63.3M
Q2 24
$81.6M
$86.3M
Q1 24
$61.1M
$29.3M
FCF Margin
IAC
IAC
NVST
NVST
Q4 25
4.9%
12.2%
Q3 25
4.3%
10.1%
Q2 25
-1.2%
11.2%
Q1 25
-0.8%
-0.9%
Q4 24
14.5%
19.0%
Q3 24
14.3%
10.5%
Q2 24
12.9%
13.6%
Q1 24
9.8%
4.7%
Capex Intensity
IAC
IAC
NVST
NVST
Q4 25
0.8%
2.2%
Q3 25
0.8%
1.6%
Q2 25
0.8%
1.8%
Q1 25
0.8%
1.0%
Q4 24
0.7%
1.3%
Q3 24
0.5%
1.2%
Q2 24
0.5%
1.1%
Q1 24
0.5%
1.8%
Cash Conversion
IAC
IAC
NVST
NVST
Q4 25
3.28×
Q3 25
Q2 25
-0.01×
3.36×
Q1 25
0.02×
Q4 24
110.33×
Q3 24
8.62×
Q2 24
Q1 24
1.42×
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IAC
IAC

Print$168.5M26%
Performance Marketing$101.2M16%
Care.com$85.7M13%
Subscription$69.5M11%
Licensing And Other$43.8M7%
Consumer Revenue$43.2M7%
Advertising$35.9M6%
Project And Other Print$33.6M5%
Advertising Google$28.9M4%
Newsstand$22.4M3%
Emerging Other$19.6M3%

NVST
NVST

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

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