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

Envista Holdings Corp is the larger business by last-quarter revenue ($705.5M vs $475.9M, roughly 1.5× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 10.5% vs 5.5%, a 4.9% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (44.8% vs 14.4%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (30.4% 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.

Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.

NVST vs SKWD — Head-to-Head

Bigger by revenue
NVST
NVST
1.5× larger
NVST
$705.5M
$475.9M
SKWD
Growing faster (revenue YoY)
SKWD
SKWD
+30.5% gap
SKWD
44.8%
14.4%
NVST
Higher net margin
SKWD
SKWD
4.9% more per $
SKWD
10.5%
5.5%
NVST
Faster 2-yr revenue CAGR
SKWD
SKWD
Annualised
SKWD
30.4%
5.6%
NVST

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NVST
NVST
SKWD
SKWD
Revenue
$705.5M
$475.9M
Net Profit
$39.0M
$49.7M
Gross Margin
55.3%
Operating Margin
8.9%
14.9%
Net Margin
5.5%
10.5%
Revenue YoY
14.4%
44.8%
Net Profit YoY
116.7%
EPS (diluted)
$0.23
$1.09

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
SKWD
SKWD
Q1 26
$705.5M
$475.9M
Q4 25
$750.6M
$385.6M
Q3 25
$669.9M
$382.5M
Q2 25
$682.1M
$319.9M
Q1 25
$616.9M
$328.5M
Q4 24
$652.9M
$304.4M
Q3 24
$601.0M
$300.9M
Q2 24
$633.1M
$279.9M
Net Profit
NVST
NVST
SKWD
SKWD
Q1 26
$39.0M
$49.7M
Q4 25
$32.9M
$43.2M
Q3 25
$-30.3M
$45.9M
Q2 25
$26.4M
$38.8M
Q1 25
$18.0M
$42.1M
Q4 24
$1.2M
$14.4M
Q3 24
$8.2M
$36.7M
Q2 24
$-1.2B
$31.0M
Gross Margin
NVST
NVST
SKWD
SKWD
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
SKWD
SKWD
Q1 26
8.9%
14.9%
Q4 25
9.8%
14.2%
Q3 25
8.6%
15.8%
Q2 25
6.8%
15.6%
Q1 25
6.3%
15.7%
Q4 24
7.1%
6.1%
Q3 24
3.5%
15.6%
Q2 24
-182.2%
14.4%
Net Margin
NVST
NVST
SKWD
SKWD
Q1 26
5.5%
10.5%
Q4 25
4.4%
11.2%
Q3 25
-4.5%
12.0%
Q2 25
3.9%
12.1%
Q1 25
2.9%
12.8%
Q4 24
0.2%
4.7%
Q3 24
1.4%
12.2%
Q2 24
-181.9%
11.1%
EPS (diluted)
NVST
NVST
SKWD
SKWD
Q1 26
$0.23
$1.09
Q4 25
$0.20
$1.03
Q3 25
$-0.18
$1.10
Q2 25
$0.16
$0.93
Q1 25
$0.10
$1.01
Q4 24
$0.00
$0.33
Q3 24
$0.05
$0.89
Q2 24
$-6.69
$0.75

Balance Sheet & Financial Strength

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

Metric
NVST
NVST
SKWD
SKWD
Cash + ST InvestmentsLiquidity on hand
$1.1B
$4.1M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$3.1B
$1.2B
Total Assets
$5.6B
$6.5B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVST
NVST
SKWD
SKWD
Q1 26
$1.1B
$4.1M
Q4 25
$1.2B
$168.5M
Q3 25
$1.1B
$160.1M
Q2 25
$1.1B
$136.6M
Q1 25
$1.1B
$112.9M
Q4 24
$1.1B
$121.6M
Q3 24
$991.3M
$105.6M
Q2 24
$1.0B
$73.0M
Total Debt
NVST
NVST
SKWD
SKWD
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.5B
Stockholders' Equity
NVST
NVST
SKWD
SKWD
Q1 26
$3.1B
$1.2B
Q4 25
$3.1B
$1.0B
Q3 25
$3.1B
$961.4M
Q2 25
$3.1B
$899.9M
Q1 25
$3.0B
$850.7M
Q4 24
$2.9B
$794.0M
Q3 24
$3.1B
$797.5M
Q2 24
$3.0B
$723.6M
Total Assets
NVST
NVST
SKWD
SKWD
Q1 26
$5.6B
$6.5B
Q4 25
$5.7B
$4.8B
Q3 25
$5.6B
$4.6B
Q2 25
$5.7B
$4.3B
Q1 25
$5.5B
$4.0B
Q4 24
$5.4B
$3.7B
Q3 24
$5.5B
$3.6B
Q2 24
$5.4B
$3.4B
Debt / Equity
NVST
NVST
SKWD
SKWD
Q1 26
0.47×
Q4 25
0.47×
Q3 25
0.47×
Q2 25
0.46×
Q1 25
0.47×
Q4 24
0.48×
Q3 24
0.46×
Q2 24
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
SKWD
SKWD
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-15.7M
FCF MarginFCF / Revenue
-2.2%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$220.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVST
NVST
SKWD
SKWD
Q1 26
Q4 25
$108.0M
$408.1M
Q3 25
$78.7M
$171.4M
Q2 25
$88.7M
$88.2M
Q1 25
$300.0K
$96.8M
Q4 24
$132.4M
$305.1M
Q3 24
$70.7M
$168.0M
Q2 24
$93.1M
$21.0M
Free Cash Flow
NVST
NVST
SKWD
SKWD
Q1 26
$-15.7M
Q4 25
$91.7M
$402.6M
Q3 25
$67.9M
$168.9M
Q2 25
$76.4M
$87.1M
Q1 25
$-5.6M
$96.6M
Q4 24
$123.8M
$300.9M
Q3 24
$63.3M
$167.6M
Q2 24
$86.3M
$18.4M
FCF Margin
NVST
NVST
SKWD
SKWD
Q1 26
-2.2%
Q4 25
12.2%
104.4%
Q3 25
10.1%
44.2%
Q2 25
11.2%
27.2%
Q1 25
-0.9%
29.4%
Q4 24
19.0%
98.8%
Q3 24
10.5%
55.7%
Q2 24
13.6%
6.6%
Capex Intensity
NVST
NVST
SKWD
SKWD
Q1 26
1.8%
Q4 25
2.2%
1.4%
Q3 25
1.6%
0.6%
Q2 25
1.8%
0.3%
Q1 25
1.0%
0.1%
Q4 24
1.3%
1.4%
Q3 24
1.2%
0.1%
Q2 24
1.1%
0.9%
Cash Conversion
NVST
NVST
SKWD
SKWD
Q1 26
Q4 25
3.28×
9.44×
Q3 25
3.73×
Q2 25
3.36×
2.27×
Q1 25
0.02×
2.30×
Q4 24
110.33×
21.18×
Q3 24
8.62×
4.58×
Q2 24
0.68×

Financial Flow Comparison

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

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