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

Envista Holdings Corp is the larger business by last-quarter revenue ($705.5M vs $362.7M, roughly 1.9× VNET Group, Inc.). Envista Holdings Corp runs the higher net margin — 5.5% vs -10.7%, a 16.2% gap on every dollar of revenue. Envista Holdings Corp produced more free cash flow last quarter ($-15.7M vs $-193.1M). Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% 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.

VNET Group, Inc. is a leading neutral internet data center service provider operating primarily in China. It offers cloud computing infrastructure, colocation services, managed network solutions, and hybrid cloud support to enterprise clients across technology, finance, and retail sectors, enabling stable, high-performance digital operation foundations for domestic and global businesses expanding in the Chinese market.

NVST vs VNET — Head-to-Head

Bigger by revenue
NVST
NVST
1.9× larger
NVST
$705.5M
$362.7M
VNET
Higher net margin
NVST
NVST
16.2% more per $
NVST
5.5%
-10.7%
VNET
More free cash flow
NVST
NVST
$177.4M more FCF
NVST
$-15.7M
$-193.1M
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
5.6%
NVST

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
NVST
NVST
VNET
VNET
Revenue
$705.5M
$362.7M
Net Profit
$39.0M
$-38.7M
Gross Margin
55.3%
20.9%
Operating Margin
8.9%
0.5%
Net Margin
5.5%
-10.7%
Revenue YoY
14.4%
Net Profit YoY
116.7%
EPS (diluted)
$0.23

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
VNET
VNET
Q1 26
$705.5M
Q4 25
$750.6M
Q3 25
$669.9M
$362.7M
Q2 25
$682.1M
Q1 25
$616.9M
$309.5M
Q4 24
$652.9M
Q3 24
$601.0M
$302.2M
Q2 24
$633.1M
$274.4M
Net Profit
NVST
NVST
VNET
VNET
Q1 26
$39.0M
Q4 25
$32.9M
Q3 25
$-30.3M
$-38.7M
Q2 25
$26.4M
Q1 25
$18.0M
$-2.4M
Q4 24
$1.2M
Q3 24
$8.2M
$-2.1M
Q2 24
$-1.2B
$-1.1M
Gross Margin
NVST
NVST
VNET
VNET
Q1 26
55.3%
Q4 25
54.7%
Q3 25
55.3%
20.9%
Q2 25
54.2%
Q1 25
54.5%
25.2%
Q4 24
57.1%
Q3 24
52.8%
23.2%
Q2 24
51.6%
21.3%
Operating Margin
NVST
NVST
VNET
VNET
Q1 26
8.9%
Q4 25
9.8%
Q3 25
8.6%
0.5%
Q2 25
6.8%
Q1 25
6.3%
0.1%
Q4 24
7.1%
Q3 24
3.5%
24.5%
Q2 24
-182.2%
0.2%
Net Margin
NVST
NVST
VNET
VNET
Q1 26
5.5%
Q4 25
4.4%
Q3 25
-4.5%
-10.7%
Q2 25
3.9%
Q1 25
2.9%
-0.8%
Q4 24
0.2%
Q3 24
1.4%
-0.7%
Q2 24
-181.9%
-0.4%
EPS (diluted)
NVST
NVST
VNET
VNET
Q1 26
$0.23
Q4 25
$0.20
Q3 25
$-0.18
Q2 25
$0.16
Q1 25
$0.10
Q4 24
$0.00
Q3 24
$0.05
Q2 24
$-6.69

Balance Sheet & Financial Strength

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

Metric
NVST
NVST
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$1.1B
$492.1M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$3.1B
$890.8M
Total Assets
$5.6B
$6.1B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVST
NVST
VNET
VNET
Q1 26
$1.1B
Q4 25
$1.2B
Q3 25
$1.1B
$492.1M
Q2 25
$1.1B
Q1 25
$1.1B
$544.3M
Q4 24
$1.1B
Q3 24
$991.3M
$219.5M
Q2 24
$1.0B
$247.2M
Total Debt
NVST
NVST
VNET
VNET
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
$1.2B
Q2 24
$1.5B
Stockholders' Equity
NVST
NVST
VNET
VNET
Q1 26
$3.1B
Q4 25
$3.1B
Q3 25
$3.1B
$890.8M
Q2 25
$3.1B
Q1 25
$3.0B
$927.8M
Q4 24
$2.9B
Q3 24
$3.1B
$902.9M
Q2 24
$3.0B
$900.6M
Total Assets
NVST
NVST
VNET
VNET
Q1 26
$5.6B
Q4 25
$5.7B
Q3 25
$5.6B
$6.1B
Q2 25
$5.7B
Q1 25
$5.5B
$5.4B
Q4 24
$5.4B
Q3 24
$5.5B
$4.3B
Q2 24
$5.4B
$4.0B
Debt / Equity
NVST
NVST
VNET
VNET
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×
1.28×
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
VNET
VNET
Operating Cash FlowLast quarter
$113.8M
Free Cash FlowOCF − Capex
$-15.7M
$-193.1M
FCF MarginFCF / Revenue
-2.2%
-53.2%
Capex IntensityCapex / Revenue
1.8%
84.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$220.3M
$-589.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVST
NVST
VNET
VNET
Q1 26
Q4 25
$108.0M
Q3 25
$78.7M
$113.8M
Q2 25
$88.7M
Q1 25
$300.0K
$27.0M
Q4 24
$132.4M
Q3 24
$70.7M
$108.3M
Q2 24
$93.1M
$55.8M
Free Cash Flow
NVST
NVST
VNET
VNET
Q1 26
$-15.7M
Q4 25
$91.7M
Q3 25
$67.9M
$-193.1M
Q2 25
$76.4M
Q1 25
$-5.6M
$-220.0M
Q4 24
$123.8M
Q3 24
$63.3M
$-95.0M
Q2 24
$86.3M
$-81.6M
FCF Margin
NVST
NVST
VNET
VNET
Q1 26
-2.2%
Q4 25
12.2%
Q3 25
10.1%
-53.2%
Q2 25
11.2%
Q1 25
-0.9%
-71.1%
Q4 24
19.0%
Q3 24
10.5%
-31.4%
Q2 24
13.6%
-29.8%
Capex Intensity
NVST
NVST
VNET
VNET
Q1 26
1.8%
Q4 25
2.2%
Q3 25
1.6%
84.6%
Q2 25
1.8%
Q1 25
1.0%
79.8%
Q4 24
1.3%
Q3 24
1.2%
67.3%
Q2 24
1.1%
50.1%
Cash Conversion
NVST
NVST
VNET
VNET
Q1 26
Q4 25
3.28×
Q3 25
Q2 25
3.36×
Q1 25
0.02×
Q4 24
110.33×
Q3 24
8.62×
Q2 24

Financial Flow Comparison

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

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