vs

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

Envista Holdings Corp is the larger business by last-quarter revenue ($750.6M vs $375.3M, roughly 2.0× ROYAL GOLD INC). ROYAL GOLD INC runs the higher net margin — 24.9% vs 4.4%, a 20.6% gap on every dollar of revenue. On growth, ROYAL GOLD INC posted the faster year-over-year revenue change (85.3% vs 15.0%). Over the past eight quarters, ROYAL GOLD INC's revenue compounded faster (58.8% CAGR vs 9.7%).

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.

Royal Gold Inc. is a leading precious metals streaming and royalty firm that acquires and manages a diversified portfolio of streaming interests, royalties, and equity interests tied to mining projects. Its assets cover gold, silver, and copper production across North America, South America, Africa, and Australia, operating with a low-risk model that avoids direct mining operations.

NVST vs RGLD — Head-to-Head

Bigger by revenue
NVST
NVST
2.0× larger
NVST
$750.6M
$375.3M
RGLD
Growing faster (revenue YoY)
RGLD
RGLD
+70.3% gap
RGLD
85.3%
15.0%
NVST
Higher net margin
RGLD
RGLD
20.6% more per $
RGLD
24.9%
4.4%
NVST
Faster 2-yr revenue CAGR
RGLD
RGLD
Annualised
RGLD
58.8%
9.7%
NVST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVST
NVST
RGLD
RGLD
Revenue
$750.6M
$375.3M
Net Profit
$32.9M
$93.6M
Gross Margin
54.7%
64.6%
Operating Margin
9.8%
56.2%
Net Margin
4.4%
24.9%
Revenue YoY
15.0%
85.3%
Net Profit YoY
2641.7%
-12.8%
EPS (diluted)
$0.20
$1.04

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
RGLD
RGLD
Q4 25
$750.6M
$375.3M
Q3 25
$669.9M
$252.1M
Q2 25
$682.1M
$209.6M
Q1 25
$616.9M
$193.4M
Q4 24
$652.9M
$202.6M
Q3 24
$601.0M
$193.8M
Q2 24
$633.1M
$174.1M
Q1 24
$623.6M
$148.9M
Net Profit
NVST
NVST
RGLD
RGLD
Q4 25
$32.9M
$93.6M
Q3 25
$-30.3M
$126.8M
Q2 25
$26.4M
$132.3M
Q1 25
$18.0M
$113.5M
Q4 24
$1.2M
$107.4M
Q3 24
$8.2M
$96.2M
Q2 24
$-1.2B
$81.2M
Q1 24
$23.6M
$47.2M
Gross Margin
NVST
NVST
RGLD
RGLD
Q4 25
54.7%
64.6%
Q3 25
55.3%
73.6%
Q2 25
54.2%
72.6%
Q1 25
54.5%
69.4%
Q4 24
57.1%
70.3%
Q3 24
52.8%
66.6%
Q2 24
51.6%
64.7%
Q1 24
57.1%
58.4%
Operating Margin
NVST
NVST
RGLD
RGLD
Q4 25
9.8%
56.2%
Q3 25
8.6%
64.4%
Q2 25
6.8%
67.7%
Q1 25
6.3%
63.6%
Q4 24
7.1%
65.9%
Q3 24
3.5%
61.3%
Q2 24
-182.2%
58.6%
Q1 24
7.7%
50.7%
Net Margin
NVST
NVST
RGLD
RGLD
Q4 25
4.4%
24.9%
Q3 25
-4.5%
50.3%
Q2 25
3.9%
63.1%
Q1 25
2.9%
58.7%
Q4 24
0.2%
53.0%
Q3 24
1.4%
49.7%
Q2 24
-181.9%
46.6%
Q1 24
3.8%
31.7%
EPS (diluted)
NVST
NVST
RGLD
RGLD
Q4 25
$0.20
$1.04
Q3 25
$-0.18
$1.92
Q2 25
$0.16
$2.01
Q1 25
$0.10
$1.72
Q4 24
$0.00
$1.63
Q3 24
$0.05
$1.46
Q2 24
$-6.69
$1.23
Q1 24
$0.14
$0.72

Balance Sheet & Financial Strength

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

Metric
NVST
NVST
RGLD
RGLD
Cash + ST InvestmentsLiquidity on hand
$1.2B
$233.7M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$3.1B
$7.2B
Total Assets
$5.7B
$9.5B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVST
NVST
RGLD
RGLD
Q4 25
$1.2B
$233.7M
Q3 25
$1.1B
$172.8M
Q2 25
$1.1B
$248.2M
Q1 25
$1.1B
$240.8M
Q4 24
$1.1B
$195.5M
Q3 24
$991.3M
$127.9M
Q2 24
$1.0B
$74.2M
Q1 24
$948.5M
$137.9M
Total Debt
NVST
NVST
RGLD
RGLD
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
$0
Q2 24
$1.5B
$50.0M
Q1 24
$1.5B
Stockholders' Equity
NVST
NVST
RGLD
RGLD
Q4 25
$3.1B
$7.2B
Q3 25
$3.1B
$3.4B
Q2 25
$3.1B
$3.3B
Q1 25
$3.0B
$3.2B
Q4 24
$2.9B
$3.1B
Q3 24
$3.1B
$3.0B
Q2 24
$3.0B
$3.0B
Q1 24
$4.1B
$2.9B
Total Assets
NVST
NVST
RGLD
RGLD
Q4 25
$5.7B
$9.5B
Q3 25
$5.6B
$4.5B
Q2 25
$5.7B
$3.6B
Q1 25
$5.5B
$3.5B
Q4 24
$5.4B
$3.4B
Q3 24
$5.5B
$3.3B
Q2 24
$5.4B
$3.3B
Q1 24
$6.6B
$3.3B
Debt / Equity
NVST
NVST
RGLD
RGLD
Q4 25
0.47×
Q3 25
0.47×
Q2 25
0.46×
Q1 25
0.47×
Q4 24
0.48×
Q3 24
0.46×
0.00×
Q2 24
0.51×
0.02×
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
NVST
NVST
RGLD
RGLD
Operating Cash FlowLast quarter
$108.0M
$241.7M
Free Cash FlowOCF − Capex
$91.7M
FCF MarginFCF / Revenue
12.2%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.28×
2.58×
TTM Free Cash FlowTrailing 4 quarters
$230.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVST
NVST
RGLD
RGLD
Q4 25
$108.0M
$241.7M
Q3 25
$78.7M
$174.0M
Q2 25
$88.7M
$152.8M
Q1 25
$300.0K
$136.4M
Q4 24
$132.4M
$141.1M
Q3 24
$70.7M
$136.7M
Q2 24
$93.1M
$113.5M
Q1 24
$40.3M
$138.3M
Free Cash Flow
NVST
NVST
RGLD
RGLD
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
Q1 24
$29.3M
FCF Margin
NVST
NVST
RGLD
RGLD
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%
Q1 24
4.7%
Capex Intensity
NVST
NVST
RGLD
RGLD
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%
Q1 24
1.8%
Cash Conversion
NVST
NVST
RGLD
RGLD
Q4 25
3.28×
2.58×
Q3 25
1.37×
Q2 25
3.36×
1.15×
Q1 25
0.02×
1.20×
Q4 24
110.33×
1.31×
Q3 24
8.62×
1.42×
Q2 24
1.40×
Q1 24
1.71×
2.93×

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%

RGLD
RGLD

Gold$216.9M58%
Pueblo Viejo$47.3M13%
Andacollo$32.6M9%
Silver$32.1M9%
Other$27.2M7%
Copper$13.7M4%
Cortez Legacy Zone$5.4M1%

Related Comparisons