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

RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $750.6M, roughly 2.0× Envista Holdings Corp). Envista Holdings Corp runs the higher net margin — 4.4% vs -3.1%, a 7.5% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (15.0% vs -11.9%). Envista Holdings Corp produced more free cash flow last quarter ($91.7M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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.

RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.

NVST vs RXO — Head-to-Head

Bigger by revenue
RXO
RXO
2.0× larger
RXO
$1.5B
$750.6M
NVST
Growing faster (revenue YoY)
NVST
NVST
+26.8% gap
NVST
15.0%
-11.9%
RXO
Higher net margin
NVST
NVST
7.5% more per $
NVST
4.4%
-3.1%
RXO
More free cash flow
NVST
NVST
$100.7M more FCF
NVST
$91.7M
$-9.0M
RXO
Faster 2-yr revenue CAGR
RXO
RXO
Annualised
RXO
26.8%
9.7%
NVST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVST
NVST
RXO
RXO
Revenue
$750.6M
$1.5B
Net Profit
$32.9M
$-46.0M
Gross Margin
54.7%
Operating Margin
9.8%
-2.9%
Net Margin
4.4%
-3.1%
Revenue YoY
15.0%
-11.9%
Net Profit YoY
2641.7%
-84.0%
EPS (diluted)
$0.20
$-0.28

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
RXO
RXO
Q4 25
$750.6M
$1.5B
Q3 25
$669.9M
$1.4B
Q2 25
$682.1M
$1.4B
Q1 25
$616.9M
$1.4B
Q4 24
$652.9M
$1.7B
Q3 24
$601.0M
$1.0B
Q2 24
$633.1M
$930.0M
Q1 24
$623.6M
$913.0M
Net Profit
NVST
NVST
RXO
RXO
Q4 25
$32.9M
$-46.0M
Q3 25
$-30.3M
$-14.0M
Q2 25
$26.4M
$-9.0M
Q1 25
$18.0M
$-31.0M
Q4 24
$1.2M
$-25.0M
Q3 24
$8.2M
$-243.0M
Q2 24
$-1.2B
$-7.0M
Q1 24
$23.6M
$-15.0M
Gross Margin
NVST
NVST
RXO
RXO
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
NVST
NVST
RXO
RXO
Q4 25
9.8%
-2.9%
Q3 25
8.6%
-0.5%
Q2 25
6.8%
Q1 25
6.3%
-2.1%
Q4 24
7.1%
-1.4%
Q3 24
3.5%
-1.9%
Q2 24
-182.2%
Q1 24
7.7%
-1.3%
Net Margin
NVST
NVST
RXO
RXO
Q4 25
4.4%
-3.1%
Q3 25
-4.5%
-1.0%
Q2 25
3.9%
-0.6%
Q1 25
2.9%
-2.2%
Q4 24
0.2%
-1.5%
Q3 24
1.4%
-23.4%
Q2 24
-181.9%
-0.8%
Q1 24
3.8%
-1.6%
EPS (diluted)
NVST
NVST
RXO
RXO
Q4 25
$0.20
$-0.28
Q3 25
$-0.18
$-0.08
Q2 25
$0.16
$-0.05
Q1 25
$0.10
$-0.18
Q4 24
$0.00
$-0.17
Q3 24
$0.05
$-1.81
Q2 24
$-6.69
$-0.06
Q1 24
$0.14
$-0.13

Balance Sheet & Financial Strength

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

Metric
NVST
NVST
RXO
RXO
Cash + ST InvestmentsLiquidity on hand
$1.2B
$17.0M
Total DebtLower is stronger
$1.4B
$387.0M
Stockholders' EquityBook value
$3.1B
$1.5B
Total Assets
$5.7B
$3.3B
Debt / EquityLower = less leverage
0.47×
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVST
NVST
RXO
RXO
Q4 25
$1.2B
$17.0M
Q3 25
$1.1B
$25.0M
Q2 25
$1.1B
$18.0M
Q1 25
$1.1B
$16.0M
Q4 24
$1.1B
$35.0M
Q3 24
$991.3M
$55.0M
Q2 24
$1.0B
$7.0M
Q1 24
$948.5M
$7.0M
Total Debt
NVST
NVST
RXO
RXO
Q4 25
$1.4B
$387.0M
Q3 25
$1.4B
$387.0M
Q2 25
$1.4B
$387.0M
Q1 25
$1.4B
$387.0M
Q4 24
$1.4B
$351.0M
Q3 24
$1.4B
$352.0M
Q2 24
$1.5B
$370.0M
Q1 24
$1.5B
$351.0M
Stockholders' Equity
NVST
NVST
RXO
RXO
Q4 25
$3.1B
$1.5B
Q3 25
$3.1B
$1.6B
Q2 25
$3.1B
$1.6B
Q1 25
$3.0B
$1.6B
Q4 24
$2.9B
$1.6B
Q3 24
$3.1B
$1.7B
Q2 24
$3.0B
$579.0M
Q1 24
$4.1B
$582.0M
Total Assets
NVST
NVST
RXO
RXO
Q4 25
$5.7B
$3.3B
Q3 25
$5.6B
$3.2B
Q2 25
$5.7B
$3.2B
Q1 25
$5.5B
$3.3B
Q4 24
$5.4B
$3.4B
Q3 24
$5.5B
$3.4B
Q2 24
$5.4B
$1.8B
Q1 24
$6.6B
$1.8B
Debt / Equity
NVST
NVST
RXO
RXO
Q4 25
0.47×
0.25×
Q3 25
0.47×
0.24×
Q2 25
0.46×
0.24×
Q1 25
0.47×
0.24×
Q4 24
0.48×
0.22×
Q3 24
0.46×
0.21×
Q2 24
0.51×
0.64×
Q1 24
0.36×
0.60×

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
RXO
RXO
Operating Cash FlowLast quarter
$108.0M
$7.0M
Free Cash FlowOCF − Capex
$91.7M
$-9.0M
FCF MarginFCF / Revenue
12.2%
-0.6%
Capex IntensityCapex / Revenue
2.2%
1.1%
Cash ConversionOCF / Net Profit
3.28×
TTM Free Cash FlowTrailing 4 quarters
$230.4M
$-8.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVST
NVST
RXO
RXO
Q4 25
$108.0M
$7.0M
Q3 25
$78.7M
$23.0M
Q2 25
$88.7M
$23.0M
Q1 25
$300.0K
$-2.0M
Q4 24
$132.4M
$-7.0M
Q3 24
$70.7M
$-7.0M
Q2 24
$93.1M
$-5.0M
Q1 24
$40.3M
$7.0M
Free Cash Flow
NVST
NVST
RXO
RXO
Q4 25
$91.7M
$-9.0M
Q3 25
$67.9M
$9.0M
Q2 25
$76.4M
$9.0M
Q1 25
$-5.6M
$-17.0M
Q4 24
$123.8M
$-19.0M
Q3 24
$63.3M
$-18.0M
Q2 24
$86.3M
$-16.0M
Q1 24
$29.3M
$-4.0M
FCF Margin
NVST
NVST
RXO
RXO
Q4 25
12.2%
-0.6%
Q3 25
10.1%
0.6%
Q2 25
11.2%
0.6%
Q1 25
-0.9%
-1.2%
Q4 24
19.0%
-1.1%
Q3 24
10.5%
-1.7%
Q2 24
13.6%
-1.7%
Q1 24
4.7%
-0.4%
Capex Intensity
NVST
NVST
RXO
RXO
Q4 25
2.2%
1.1%
Q3 25
1.6%
1.0%
Q2 25
1.8%
1.0%
Q1 25
1.0%
1.0%
Q4 24
1.3%
0.7%
Q3 24
1.2%
1.1%
Q2 24
1.1%
1.2%
Q1 24
1.8%
1.2%
Cash Conversion
NVST
NVST
RXO
RXO
Q4 25
3.28×
Q3 25
Q2 25
3.36×
Q1 25
0.02×
Q4 24
110.33×
Q3 24
8.62×
Q2 24
Q1 24
1.71×

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%

RXO
RXO

Retail Sector$546.0M37%
Last Mile$298.0M20%
Food And Beverage Sector$225.0M15%
Other Sector$185.0M13%
Managed Transportation$133.0M9%
Automotive Sector$93.0M6%

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