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

Loews Corporation is the larger business by last-quarter revenue ($827.0M vs $750.6M, roughly 1.1× Envista Holdings Corp). Loews Corporation runs the higher net margin — 48.6% vs 4.4%, a 44.2% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (15.0% vs 4.8%). Loews Corporation produced more free cash flow last quarter ($426.0M vs $91.7M). Over the past eight quarters, Envista Holdings Corp's revenue compounded faster (9.7% CAGR vs 7.9%).

Loews Corporation is a diversified US-based conglomerate that operates across multiple key industry segments through its subsidiaries. Its core business lines include property and casualty insurance, natural gas pipeline transportation, hospitality services, and upstream oil and gas exploration and production, primarily serving commercial, consumer and industrial clients across North American markets.

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.

L vs NVST — Head-to-Head

Bigger by revenue
L
L
1.1× larger
L
$827.0M
$750.6M
NVST
Growing faster (revenue YoY)
NVST
NVST
+10.1% gap
NVST
15.0%
4.8%
L
Higher net margin
L
L
44.2% more per $
L
48.6%
4.4%
NVST
More free cash flow
L
L
$334.3M more FCF
L
$426.0M
$91.7M
NVST
Faster 2-yr revenue CAGR
NVST
NVST
Annualised
NVST
9.7%
7.9%
L

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
L
L
NVST
NVST
Revenue
$827.0M
$750.6M
Net Profit
$402.0M
$32.9M
Gross Margin
54.7%
Operating Margin
65.4%
9.8%
Net Margin
48.6%
4.4%
Revenue YoY
4.8%
15.0%
Net Profit YoY
115.0%
2641.7%
EPS (diluted)
$1.93
$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
L
L
NVST
NVST
Q4 25
$827.0M
$750.6M
Q3 25
$732.0M
$669.9M
Q2 25
$769.0M
$682.1M
Q1 25
$846.0M
$616.9M
Q4 24
$789.0M
$652.9M
Q3 24
$683.0M
$601.0M
Q2 24
$711.0M
$633.1M
Q1 24
$710.0M
$623.6M
Net Profit
L
L
NVST
NVST
Q4 25
$402.0M
$32.9M
Q3 25
$504.0M
$-30.3M
Q2 25
$391.0M
$26.4M
Q1 25
$370.0M
$18.0M
Q4 24
$187.0M
$1.2M
Q3 24
$401.0M
$8.2M
Q2 24
$369.0M
$-1.2B
Q1 24
$457.0M
$23.6M
Gross Margin
L
L
NVST
NVST
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%
Q1 24
57.1%
Operating Margin
L
L
NVST
NVST
Q4 25
65.4%
9.8%
Q3 25
94.1%
8.6%
Q2 25
70.1%
6.8%
Q1 25
60.8%
6.3%
Q4 24
23.8%
7.1%
Q3 24
80.5%
3.5%
Q2 24
71.3%
-182.2%
Q1 24
88.6%
7.7%
Net Margin
L
L
NVST
NVST
Q4 25
48.6%
4.4%
Q3 25
68.9%
-4.5%
Q2 25
50.8%
3.9%
Q1 25
43.7%
2.9%
Q4 24
23.7%
0.2%
Q3 24
58.7%
1.4%
Q2 24
51.9%
-181.9%
Q1 24
64.4%
3.8%
EPS (diluted)
L
L
NVST
NVST
Q4 25
$1.93
$0.20
Q3 25
$2.43
$-0.18
Q2 25
$1.87
$0.16
Q1 25
$1.74
$0.10
Q4 24
$0.87
$0.00
Q3 24
$1.82
$0.05
Q2 24
$1.67
$-6.69
Q1 24
$2.05
$0.14

Balance Sheet & Financial Strength

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

Metric
L
L
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$6.0B
$1.2B
Total DebtLower is stronger
$8.4B
$1.4B
Stockholders' EquityBook value
$18.7B
$3.1B
Total Assets
$86.3B
$5.7B
Debt / EquityLower = less leverage
0.45×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
L
L
NVST
NVST
Q4 25
$6.0B
$1.2B
Q3 25
$5.4B
$1.1B
Q2 25
$4.5B
$1.1B
Q1 25
$4.4B
$1.1B
Q4 24
$4.6B
$1.1B
Q3 24
$5.2B
$991.3M
Q2 24
$4.9B
$1.0B
Q1 24
$5.4B
$948.5M
Total Debt
L
L
NVST
NVST
Q4 25
$8.4B
$1.4B
Q3 25
$8.4B
$1.4B
Q2 25
$7.9B
$1.4B
Q1 25
$8.4B
$1.4B
Q4 24
$8.9B
$1.4B
Q3 24
$8.8B
$1.4B
Q2 24
$8.6B
$1.5B
Q1 24
$8.4B
$1.5B
Stockholders' Equity
L
L
NVST
NVST
Q4 25
$18.7B
$3.1B
Q3 25
$18.3B
$3.1B
Q2 25
$17.5B
$3.1B
Q1 25
$17.2B
$3.0B
Q4 24
$17.1B
$2.9B
Q3 24
$17.4B
$3.1B
Q2 24
$16.4B
$3.0B
Q1 24
$16.2B
$4.1B
Total Assets
L
L
NVST
NVST
Q4 25
$86.3B
$5.7B
Q3 25
$85.9B
$5.6B
Q2 25
$84.7B
$5.7B
Q1 25
$83.1B
$5.5B
Q4 24
$81.9B
$5.4B
Q3 24
$83.6B
$5.5B
Q2 24
$81.1B
$5.4B
Q1 24
$80.9B
$6.6B
Debt / Equity
L
L
NVST
NVST
Q4 25
0.45×
0.47×
Q3 25
0.46×
0.47×
Q2 25
0.45×
0.46×
Q1 25
0.49×
0.47×
Q4 24
0.52×
0.48×
Q3 24
0.51×
0.46×
Q2 24
0.52×
0.51×
Q1 24
0.52×
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
L
L
NVST
NVST
Operating Cash FlowLast quarter
$617.0M
$108.0M
Free Cash FlowOCF − Capex
$426.0M
$91.7M
FCF MarginFCF / Revenue
51.5%
12.2%
Capex IntensityCapex / Revenue
23.1%
2.2%
Cash ConversionOCF / Net Profit
1.53×
3.28×
TTM Free Cash FlowTrailing 4 quarters
$2.7B
$230.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
L
L
NVST
NVST
Q4 25
$617.0M
$108.0M
Q3 25
$920.0M
$78.7M
Q2 25
$1.0B
$88.7M
Q1 25
$736.0M
$300.0K
Q4 24
$941.0M
$132.4M
Q3 24
$934.0M
$70.7M
Q2 24
$952.0M
$93.1M
Q1 24
$198.0M
$40.3M
Free Cash Flow
L
L
NVST
NVST
Q4 25
$426.0M
$91.7M
Q3 25
$764.0M
$67.9M
Q2 25
$872.0M
$76.4M
Q1 25
$638.0M
$-5.6M
Q4 24
$767.0M
$123.8M
Q3 24
$794.0M
$63.3M
Q2 24
$793.0M
$86.3M
Q1 24
$39.0M
$29.3M
FCF Margin
L
L
NVST
NVST
Q4 25
51.5%
12.2%
Q3 25
104.4%
10.1%
Q2 25
113.4%
11.2%
Q1 25
75.4%
-0.9%
Q4 24
97.2%
19.0%
Q3 24
116.3%
10.5%
Q2 24
111.5%
13.6%
Q1 24
5.5%
4.7%
Capex Intensity
L
L
NVST
NVST
Q4 25
23.1%
2.2%
Q3 25
21.3%
1.6%
Q2 25
17.4%
1.8%
Q1 25
11.6%
1.0%
Q4 24
22.1%
1.3%
Q3 24
20.5%
1.2%
Q2 24
22.4%
1.1%
Q1 24
22.4%
1.8%
Cash Conversion
L
L
NVST
NVST
Q4 25
1.53×
3.28×
Q3 25
1.83×
Q2 25
2.57×
3.36×
Q1 25
1.99×
0.02×
Q4 24
5.03×
110.33×
Q3 24
2.33×
8.62×
Q2 24
2.58×
Q1 24
0.43×
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

L
L

Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services$601.0M73%
Lodging And Related Services$226.0M27%

NVST
NVST

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

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