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

Principal Financial Group is the larger business by last-quarter revenue ($4.6B vs $705.5M, roughly 6.5× Envista Holdings Corp). Principal Financial Group runs the higher net margin — 11.3% vs 5.5%, a 5.8% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (14.4% vs -3.7%). Over the past eight quarters, Principal Financial Group's revenue compounded faster (6.3% CAGR vs 5.6%).

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.

Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.

NVST vs PFG — Head-to-Head

Bigger by revenue
PFG
PFG
6.5× larger
PFG
$4.6B
$705.5M
NVST
Growing faster (revenue YoY)
NVST
NVST
+18.1% gap
NVST
14.4%
-3.7%
PFG
Higher net margin
PFG
PFG
5.8% more per $
PFG
11.3%
5.5%
NVST
Faster 2-yr revenue CAGR
PFG
PFG
Annualised
PFG
6.3%
5.6%
NVST

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NVST
NVST
PFG
PFG
Revenue
$705.5M
$4.6B
Net Profit
$39.0M
$517.0M
Gross Margin
55.3%
Operating Margin
8.9%
Net Margin
5.5%
11.3%
Revenue YoY
14.4%
-3.7%
Net Profit YoY
116.7%
-42.9%
EPS (diluted)
$0.23
$2.30

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
NVST
NVST
PFG
PFG
Q1 26
$705.5M
Q4 25
$750.6M
$4.6B
Q3 25
$669.9M
$3.7B
Q2 25
$682.1M
$3.7B
Q1 25
$616.9M
$3.7B
Q4 24
$652.9M
$4.8B
Q3 24
$601.0M
$3.0B
Q2 24
$633.1M
$4.3B
Net Profit
NVST
NVST
PFG
PFG
Q1 26
$39.0M
Q4 25
$32.9M
$517.0M
Q3 25
$-30.3M
$213.8M
Q2 25
$26.4M
$406.2M
Q1 25
$18.0M
$48.1M
Q4 24
$1.2M
$905.4M
Q3 24
$8.2M
$-220.0M
Q2 24
$-1.2B
$353.1M
Gross Margin
NVST
NVST
PFG
PFG
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
NVST
NVST
PFG
PFG
Q1 26
8.9%
Q4 25
9.8%
Q3 25
8.6%
Q2 25
6.8%
Q1 25
6.3%
Q4 24
7.1%
Q3 24
3.5%
Q2 24
-182.2%
Net Margin
NVST
NVST
PFG
PFG
Q1 26
5.5%
Q4 25
4.4%
11.3%
Q3 25
-4.5%
5.8%
Q2 25
3.9%
11.1%
Q1 25
2.9%
1.3%
Q4 24
0.2%
19.1%
Q3 24
1.4%
-7.3%
Q2 24
-181.9%
8.2%
EPS (diluted)
NVST
NVST
PFG
PFG
Q1 26
$0.23
Q4 25
$0.20
$2.30
Q3 25
$-0.18
$0.95
Q2 25
$0.16
$1.79
Q1 25
$0.10
$0.21
Q4 24
$0.00
$3.92
Q3 24
$0.05
$-0.95
Q2 24
$-6.69
$1.49

Balance Sheet & Financial Strength

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

Metric
NVST
NVST
PFG
PFG
Cash + ST InvestmentsLiquidity on hand
$1.1B
$4.4B
Total DebtLower is stronger
$1.4B
$3.9B
Stockholders' EquityBook value
$3.1B
$11.9B
Total Assets
$5.6B
$341.4B
Debt / EquityLower = less leverage
0.47×
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVST
NVST
PFG
PFG
Q1 26
$1.1B
Q4 25
$1.2B
$4.4B
Q3 25
$1.1B
$5.1B
Q2 25
$1.1B
$3.7B
Q1 25
$1.1B
$3.9B
Q4 24
$1.1B
$4.2B
Q3 24
$991.3M
$6.2B
Q2 24
$1.0B
$4.8B
Total Debt
NVST
NVST
PFG
PFG
Q1 26
$1.4B
Q4 25
$1.4B
$3.9B
Q3 25
$1.4B
$3.9B
Q2 25
$1.4B
$3.9B
Q1 25
$1.4B
$4.3B
Q4 24
$1.4B
$4.0B
Q3 24
$1.4B
$3.9B
Q2 24
$1.5B
$3.9B
Stockholders' Equity
NVST
NVST
PFG
PFG
Q1 26
$3.1B
Q4 25
$3.1B
$11.9B
Q3 25
$3.1B
$11.7B
Q2 25
$3.1B
$11.4B
Q1 25
$3.0B
$11.2B
Q4 24
$2.9B
$11.1B
Q3 24
$3.1B
$11.2B
Q2 24
$3.0B
$11.0B
Total Assets
NVST
NVST
PFG
PFG
Q1 26
$5.6B
Q4 25
$5.7B
$341.4B
Q3 25
$5.6B
$334.5B
Q2 25
$5.7B
$323.1B
Q1 25
$5.5B
$313.0B
Q4 24
$5.4B
$313.7B
Q3 24
$5.5B
$322.9B
Q2 24
$5.4B
$308.8B
Debt / Equity
NVST
NVST
PFG
PFG
Q1 26
0.47×
Q4 25
0.47×
0.33×
Q3 25
0.47×
0.34×
Q2 25
0.46×
0.34×
Q1 25
0.47×
0.39×
Q4 24
0.48×
0.36×
Q3 24
0.46×
0.35×
Q2 24
0.51×
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
NVST
NVST
PFG
PFG
Operating Cash FlowLast quarter
$1.7B
Free Cash FlowOCF − Capex
$-15.7M
FCF MarginFCF / Revenue
-2.2%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
3.37×
TTM Free Cash FlowTrailing 4 quarters
$220.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVST
NVST
PFG
PFG
Q1 26
Q4 25
$108.0M
$1.7B
Q3 25
$78.7M
$1.0B
Q2 25
$88.7M
$811.9M
Q1 25
$300.0K
$977.3M
Q4 24
$132.4M
$1.5B
Q3 24
$70.7M
$1.1B
Q2 24
$93.1M
$1.4B
Free Cash Flow
NVST
NVST
PFG
PFG
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
NVST
NVST
PFG
PFG
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
NVST
NVST
PFG
PFG
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
NVST
NVST
PFG
PFG
Q1 26
Q4 25
3.28×
3.37×
Q3 25
4.70×
Q2 25
3.36×
2.00×
Q1 25
0.02×
20.32×
Q4 24
110.33×
1.61×
Q3 24
8.62×
Q2 24
4.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NVST
NVST

Segment breakdown not available.

PFG
PFG

Segment Retirement And Income Solutions$1.6B36%
Segment Benefits And Protection$1.1B23%
Other$582.8M13%
Segment Principal Asset Management$465.6M10%
Subsegment Investment Management$449.4M10%
Administrative Service$152.2M3%
Subsegment International Pension$91.2M2%
Segment Corporate$73.0M2%
Subsegment Life Insurance$26.1M1%
Financial Service Other$25.1M1%
Residential Mortgage$7.4M0%
Subsegment Specialty Benefits$3.7M0%
Deposit Account$3.4M0%
Commission Income$1.8M0%

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