vs

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

Envista Holdings Corp is the larger business by last-quarter revenue ($750.6M vs $685.8M, roughly 1.1× PTC Inc.). PTC Inc. runs the higher net margin — 24.3% vs 4.4%, a 19.9% gap on every dollar of revenue. On growth, PTC Inc. posted the faster year-over-year revenue change (21.4% vs 15.0%). PTC Inc. produced more free cash flow last quarter ($267.4M vs $91.7M). Over the past eight quarters, Envista Holdings Corp's revenue compounded faster (9.7% CAGR vs 6.6%).

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.

PTC Inc. is an American computer software and services company founded in 1985 and headquartered in Boston, Massachusetts. The company was a pioneer in parametric, associative feature-based, solid computer-aided design (CAD) modeling software in 1988, including an Internet-based product for Product Lifecycle Management (PLM) in 1998. PTC markets products and services and an Internet of Things (IoT) and augmented reality (AR) platform for partners and developers.

NVST vs PTC — Head-to-Head

Bigger by revenue
NVST
NVST
1.1× larger
NVST
$750.6M
$685.8M
PTC
Growing faster (revenue YoY)
PTC
PTC
+6.4% gap
PTC
21.4%
15.0%
NVST
Higher net margin
PTC
PTC
19.9% more per $
PTC
24.3%
4.4%
NVST
More free cash flow
PTC
PTC
$175.7M more FCF
PTC
$267.4M
$91.7M
NVST
Faster 2-yr revenue CAGR
NVST
NVST
Annualised
NVST
9.7%
6.6%
PTC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NVST
NVST
PTC
PTC
Revenue
$750.6M
$685.8M
Net Profit
$32.9M
$166.5M
Gross Margin
54.7%
82.8%
Operating Margin
9.8%
32.2%
Net Margin
4.4%
24.3%
Revenue YoY
15.0%
21.4%
Net Profit YoY
2641.7%
102.5%
EPS (diluted)
$0.20
$1.39

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
PTC
PTC
Q4 25
$750.6M
$685.8M
Q3 25
$669.9M
$893.8M
Q2 25
$682.1M
$643.9M
Q1 25
$616.9M
$636.4M
Q4 24
$652.9M
$565.1M
Q3 24
$601.0M
$626.5M
Q2 24
$633.1M
$518.6M
Q1 24
$623.6M
$603.1M
Net Profit
NVST
NVST
PTC
PTC
Q4 25
$32.9M
$166.5M
Q3 25
$-30.3M
$347.8M
Q2 25
$26.4M
$141.3M
Q1 25
$18.0M
$162.6M
Q4 24
$1.2M
$82.2M
Q3 24
$8.2M
$126.5M
Q2 24
$-1.2B
$69.0M
Q1 24
$23.6M
$114.4M
Gross Margin
NVST
NVST
PTC
PTC
Q4 25
54.7%
82.8%
Q3 25
55.3%
86.9%
Q2 25
54.2%
82.9%
Q1 25
54.5%
83.3%
Q4 24
57.1%
80.2%
Q3 24
52.8%
82.0%
Q2 24
51.6%
78.4%
Q1 24
57.1%
81.8%
Operating Margin
NVST
NVST
PTC
PTC
Q4 25
9.8%
32.2%
Q3 25
8.6%
48.5%
Q2 25
6.8%
32.6%
Q1 25
6.3%
35.1%
Q4 24
7.1%
20.4%
Q3 24
3.5%
31.0%
Q2 24
-182.2%
18.5%
Q1 24
7.7%
29.8%
Net Margin
NVST
NVST
PTC
PTC
Q4 25
4.4%
24.3%
Q3 25
-4.5%
38.9%
Q2 25
3.9%
21.9%
Q1 25
2.9%
25.6%
Q4 24
0.2%
14.6%
Q3 24
1.4%
20.2%
Q2 24
-181.9%
13.3%
Q1 24
3.8%
19.0%
EPS (diluted)
NVST
NVST
PTC
PTC
Q4 25
$0.20
$1.39
Q3 25
$-0.18
$2.88
Q2 25
$0.16
$1.17
Q1 25
$0.10
$1.35
Q4 24
$0.00
$0.68
Q3 24
$0.05
$1.05
Q2 24
$-6.69
$0.57
Q1 24
$0.14
$0.95

Balance Sheet & Financial Strength

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

Metric
NVST
NVST
PTC
PTC
Cash + ST InvestmentsLiquidity on hand
$1.2B
$209.7M
Total DebtLower is stronger
$1.4B
$1.2B
Stockholders' EquityBook value
$3.1B
$3.8B
Total Assets
$5.7B
$6.4B
Debt / EquityLower = less leverage
0.47×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVST
NVST
PTC
PTC
Q4 25
$1.2B
$209.7M
Q3 25
$1.1B
$184.4M
Q2 25
$1.1B
$199.3M
Q1 25
$1.1B
$235.2M
Q4 24
$1.1B
$196.3M
Q3 24
$991.3M
$265.8M
Q2 24
$1.0B
$247.7M
Q1 24
$948.5M
$249.0M
Total Debt
NVST
NVST
PTC
PTC
Q4 25
$1.4B
$1.2B
Q3 25
$1.4B
$1.2B
Q2 25
$1.4B
$1.2B
Q1 25
$1.4B
$1.4B
Q4 24
$1.4B
$1.0B
Q3 24
$1.4B
$1.2B
Q2 24
$1.5B
$1.3B
Q1 24
$1.5B
$1.5B
Stockholders' Equity
NVST
NVST
PTC
PTC
Q4 25
$3.1B
$3.8B
Q3 25
$3.1B
$3.8B
Q2 25
$3.1B
$3.5B
Q1 25
$3.0B
$3.4B
Q4 24
$2.9B
$3.2B
Q3 24
$3.1B
$3.2B
Q2 24
$3.0B
$3.0B
Q1 24
$4.1B
$2.9B
Total Assets
NVST
NVST
PTC
PTC
Q4 25
$5.7B
$6.4B
Q3 25
$5.6B
$6.6B
Q2 25
$5.7B
$6.2B
Q1 25
$5.5B
$6.2B
Q4 24
$5.4B
$6.1B
Q3 24
$5.5B
$6.4B
Q2 24
$5.4B
$6.1B
Q1 24
$6.6B
$6.2B
Debt / Equity
NVST
NVST
PTC
PTC
Q4 25
0.47×
0.31×
Q3 25
0.47×
0.31×
Q2 25
0.46×
0.34×
Q1 25
0.47×
0.40×
Q4 24
0.48×
0.32×
Q3 24
0.46×
0.38×
Q2 24
0.51×
0.43×
Q1 24
0.36×
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
NVST
NVST
PTC
PTC
Operating Cash FlowLast quarter
$108.0M
$269.7M
Free Cash FlowOCF − Capex
$91.7M
$267.4M
FCF MarginFCF / Revenue
12.2%
39.0%
Capex IntensityCapex / Revenue
2.2%
0.3%
Cash ConversionOCF / Net Profit
3.28×
1.62×
TTM Free Cash FlowTrailing 4 quarters
$230.4M
$888.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVST
NVST
PTC
PTC
Q4 25
$108.0M
$269.7M
Q3 25
$78.7M
$104.0M
Q2 25
$88.7M
$243.9M
Q1 25
$300.0K
$281.3M
Q4 24
$132.4M
$238.4M
Q3 24
$70.7M
$98.1M
Q2 24
$93.1M
$213.8M
Q1 24
$40.3M
$250.7M
Free Cash Flow
NVST
NVST
PTC
PTC
Q4 25
$91.7M
$267.4M
Q3 25
$67.9M
$100.5M
Q2 25
$76.4M
$242.0M
Q1 25
$-5.6M
$278.5M
Q4 24
$123.8M
$235.7M
Q3 24
$63.3M
$93.6M
Q2 24
$86.3M
$212.2M
Q1 24
$29.3M
$247.1M
FCF Margin
NVST
NVST
PTC
PTC
Q4 25
12.2%
39.0%
Q3 25
10.1%
11.2%
Q2 25
11.2%
37.6%
Q1 25
-0.9%
43.8%
Q4 24
19.0%
41.7%
Q3 24
10.5%
14.9%
Q2 24
13.6%
40.9%
Q1 24
4.7%
41.0%
Capex Intensity
NVST
NVST
PTC
PTC
Q4 25
2.2%
0.3%
Q3 25
1.6%
0.4%
Q2 25
1.8%
0.3%
Q1 25
1.0%
0.4%
Q4 24
1.3%
0.5%
Q3 24
1.2%
0.7%
Q2 24
1.1%
0.3%
Q1 24
1.8%
0.6%
Cash Conversion
NVST
NVST
PTC
PTC
Q4 25
3.28×
1.62×
Q3 25
0.30×
Q2 25
3.36×
1.73×
Q1 25
0.02×
1.73×
Q4 24
110.33×
2.90×
Q3 24
8.62×
0.78×
Q2 24
3.10×
Q1 24
1.71×
2.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NVST
NVST

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

PTC
PTC

Support And Cloud Services$393.3M57%
License$269.7M39%
Technology Service$22.9M3%
Perpetual License$5.6M1%

Related Comparisons