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

Woodward, Inc. is the larger business by last-quarter revenue ($1.1B vs $705.5M, roughly 1.5× Envista Holdings Corp). Woodward, Inc. runs the higher net margin — 12.3% vs 5.5%, a 6.8% gap on every dollar of revenue. On growth, Woodward, Inc. posted the faster year-over-year revenue change (23.4% vs 14.4%). Woodward, Inc. produced more free cash flow last quarter ($38.0M vs $-15.7M). Over the past eight quarters, Woodward, Inc.'s revenue compounded faster (13.4% 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.

Woodward, Inc. is an American designer, manufacturer, and service provider of control systems and control system components for aircraft, aircraft engines, industrial engines and turbines, power generation and mobile industrial equipment. The company also provides military devices and other equipment for defense.

NVST vs WWD — Head-to-Head

Bigger by revenue
WWD
WWD
1.5× larger
WWD
$1.1B
$705.5M
NVST
Growing faster (revenue YoY)
WWD
WWD
+9.1% gap
WWD
23.4%
14.4%
NVST
Higher net margin
WWD
WWD
6.8% more per $
WWD
12.3%
5.5%
NVST
More free cash flow
WWD
WWD
$53.7M more FCF
WWD
$38.0M
$-15.7M
NVST
Faster 2-yr revenue CAGR
WWD
WWD
Annualised
WWD
13.4%
5.6%
NVST

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
NVST
NVST
WWD
WWD
Revenue
$705.5M
$1.1B
Net Profit
$39.0M
$134.0M
Gross Margin
55.3%
29.0%
Operating Margin
8.9%
15.4%
Net Margin
5.5%
12.3%
Revenue YoY
14.4%
23.4%
Net Profit YoY
116.7%
22.9%
EPS (diluted)
$0.23
$2.19

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
WWD
WWD
Q1 26
$705.5M
$1.1B
Q4 25
$750.6M
$996.5M
Q3 25
$669.9M
$995.3M
Q2 25
$682.1M
$915.4M
Q1 25
$616.9M
$883.6M
Q4 24
$652.9M
$772.7M
Q3 24
$601.0M
$854.5M
Q2 24
$633.1M
$847.7M
Net Profit
NVST
NVST
WWD
WWD
Q1 26
$39.0M
$134.0M
Q4 25
$32.9M
$133.7M
Q3 25
$-30.3M
$137.6M
Q2 25
$26.4M
$108.4M
Q1 25
$18.0M
$108.9M
Q4 24
$1.2M
$87.1M
Q3 24
$8.2M
$83.3M
Q2 24
$-1.2B
$102.1M
Gross Margin
NVST
NVST
WWD
WWD
Q1 26
55.3%
29.0%
Q4 25
54.7%
29.3%
Q3 25
55.3%
27.9%
Q2 25
54.2%
27.2%
Q1 25
54.5%
27.2%
Q4 24
57.1%
24.5%
Q3 24
52.8%
24.3%
Q2 24
51.6%
27.1%
Operating Margin
NVST
NVST
WWD
WWD
Q1 26
8.9%
15.4%
Q4 25
9.8%
17.0%
Q3 25
8.6%
16.1%
Q2 25
6.8%
13.9%
Q1 25
6.3%
15.0%
Q4 24
7.1%
13.2%
Q3 24
3.5%
11.9%
Q2 24
-182.2%
14.4%
Net Margin
NVST
NVST
WWD
WWD
Q1 26
5.5%
12.3%
Q4 25
4.4%
13.4%
Q3 25
-4.5%
13.8%
Q2 25
3.9%
11.8%
Q1 25
2.9%
12.3%
Q4 24
0.2%
11.3%
Q3 24
1.4%
9.7%
Q2 24
-181.9%
12.0%
EPS (diluted)
NVST
NVST
WWD
WWD
Q1 26
$0.23
$2.19
Q4 25
$0.20
$2.17
Q3 25
$-0.18
$2.23
Q2 25
$0.16
$1.76
Q1 25
$0.10
$1.78
Q4 24
$0.00
$1.42
Q3 24
$0.05
$1.36
Q2 24
$-6.69
$1.63

Balance Sheet & Financial Strength

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

Metric
NVST
NVST
WWD
WWD
Cash + ST InvestmentsLiquidity on hand
$1.1B
$501.2M
Total DebtLower is stronger
$1.4B
$1.1B
Stockholders' EquityBook value
$3.1B
$2.5B
Total Assets
$5.6B
$5.0B
Debt / EquityLower = less leverage
0.47×
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVST
NVST
WWD
WWD
Q1 26
$1.1B
$501.2M
Q4 25
$1.2B
$454.2M
Q3 25
$1.1B
$327.4M
Q2 25
$1.1B
$473.2M
Q1 25
$1.1B
$364.1M
Q4 24
$1.1B
$283.7M
Q3 24
$991.3M
$282.3M
Q2 24
$1.0B
$308.3M
Total Debt
NVST
NVST
WWD
WWD
Q1 26
$1.4B
$1.1B
Q4 25
$1.4B
Q3 25
$1.4B
$579.9M
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
$655.5M
Q2 24
$1.5B
Stockholders' Equity
NVST
NVST
WWD
WWD
Q1 26
$3.1B
$2.5B
Q4 25
$3.1B
$2.6B
Q3 25
$3.1B
$2.6B
Q2 25
$3.1B
$2.5B
Q1 25
$3.0B
$2.3B
Q4 24
$2.9B
$2.2B
Q3 24
$3.1B
$2.2B
Q2 24
$3.0B
$2.2B
Total Assets
NVST
NVST
WWD
WWD
Q1 26
$5.6B
$5.0B
Q4 25
$5.7B
$4.7B
Q3 25
$5.6B
$4.6B
Q2 25
$5.7B
$4.7B
Q1 25
$5.5B
$4.5B
Q4 24
$5.4B
$4.3B
Q3 24
$5.5B
$4.4B
Q2 24
$5.4B
$4.3B
Debt / Equity
NVST
NVST
WWD
WWD
Q1 26
0.47×
0.43×
Q4 25
0.47×
Q3 25
0.47×
0.23×
Q2 25
0.46×
Q1 25
0.47×
Q4 24
0.48×
Q3 24
0.46×
0.30×
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
WWD
WWD
Operating Cash FlowLast quarter
$91.0M
Free Cash FlowOCF − Capex
$-15.7M
$38.0M
FCF MarginFCF / Revenue
-2.2%
3.5%
Capex IntensityCapex / Revenue
1.8%
4.9%
Cash ConversionOCF / Net Profit
0.68×
TTM Free Cash FlowTrailing 4 quarters
$220.3M
$388.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVST
NVST
WWD
WWD
Q1 26
$91.0M
Q4 25
$108.0M
$114.4M
Q3 25
$78.7M
$233.3M
Q2 25
$88.7M
$125.6M
Q1 25
$300.0K
$77.8M
Q4 24
$132.4M
$34.5M
Q3 24
$70.7M
$141.8M
Q2 24
$93.1M
$153.2M
Free Cash Flow
NVST
NVST
WWD
WWD
Q1 26
$-15.7M
$38.0M
Q4 25
$91.7M
$70.3M
Q3 25
$67.9M
$180.9M
Q2 25
$76.4M
$99.1M
Q1 25
$-5.6M
$59.4M
Q4 24
$123.8M
$942.0K
Q3 24
$63.3M
$117.7M
Q2 24
$86.3M
$137.3M
FCF Margin
NVST
NVST
WWD
WWD
Q1 26
-2.2%
3.5%
Q4 25
12.2%
7.1%
Q3 25
10.1%
18.2%
Q2 25
11.2%
10.8%
Q1 25
-0.9%
6.7%
Q4 24
19.0%
0.1%
Q3 24
10.5%
13.8%
Q2 24
13.6%
16.2%
Capex Intensity
NVST
NVST
WWD
WWD
Q1 26
1.8%
4.9%
Q4 25
2.2%
4.4%
Q3 25
1.6%
5.3%
Q2 25
1.8%
2.9%
Q1 25
1.0%
2.1%
Q4 24
1.3%
4.3%
Q3 24
1.2%
2.8%
Q2 24
1.1%
1.9%
Cash Conversion
NVST
NVST
WWD
WWD
Q1 26
0.68×
Q4 25
3.28×
0.86×
Q3 25
1.70×
Q2 25
3.36×
1.16×
Q1 25
0.02×
0.71×
Q4 24
110.33×
0.40×
Q3 24
8.62×
1.70×
Q2 24
1.50×

Financial Flow Comparison

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

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