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Side-by-side financial comparison of Envista Holdings Corp (NVST) and DENTSPLY SIRONA Inc. (XRAY). Click either name above to swap in a different company.
DENTSPLY SIRONA Inc. is the larger business by last-quarter revenue ($961.0M vs $750.6M, roughly 1.3× Envista Holdings Corp). Envista Holdings Corp runs the higher net margin — 4.4% vs -15.2%, a 19.6% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (15.0% vs 6.2%). Envista Holdings Corp produced more free cash flow last quarter ($91.7M vs $60.0M). Over the past eight quarters, Envista Holdings Corp's revenue compounded faster (9.7% CAGR vs 0.4%).
Envista Holdings CorpNVSTEarnings & Financial Report
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.
Dentsply Sirona Inc. is an American dental equipment manufacturer and dental consumables producer that markets its products in over 120 countries. It has factories in 21 countries. The present company is largely the result of a merger in 1993 in which Gendex Corporation acquired Dentsply International Inc. for $590 million.
NVST vs XRAY — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $750.6M | $961.0M |
| Net Profit | $32.9M | $-146.0M |
| Gross Margin | 54.7% | 46.1% |
| Operating Margin | 9.8% | -14.5% |
| Net Margin | 4.4% | -15.2% |
| Revenue YoY | 15.0% | 6.2% |
| Net Profit YoY | 2641.7% | 66.0% |
| EPS (diluted) | $0.20 | $-0.74 |
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.
| Q4 25 | $750.6M | $961.0M | ||
| Q3 25 | $669.9M | $904.0M | ||
| Q2 25 | $682.1M | $936.0M | ||
| Q1 25 | $616.9M | $879.0M | ||
| Q4 24 | $652.9M | $905.0M | ||
| Q3 24 | $601.0M | $951.0M | ||
| Q2 24 | $633.1M | $984.0M | ||
| Q1 24 | $623.6M | $953.0M |
| Q4 25 | $32.9M | $-146.0M | ||
| Q3 25 | $-30.3M | $-427.0M | ||
| Q2 25 | $26.4M | $-45.0M | ||
| Q1 25 | $18.0M | $20.0M | ||
| Q4 24 | $1.2M | $-430.0M | ||
| Q3 24 | $8.2M | $-494.0M | ||
| Q2 24 | $-1.2B | $-4.0M | ||
| Q1 24 | $23.6M | $18.0M |
| Q4 25 | 54.7% | 46.1% | ||
| Q3 25 | 55.3% | 48.8% | ||
| Q2 25 | 54.2% | 52.4% | ||
| Q1 25 | 54.5% | 53.0% | ||
| Q4 24 | 57.1% | 49.3% | ||
| Q3 24 | 52.8% | 52.1% | ||
| Q2 24 | 51.6% | 51.9% | ||
| Q1 24 | 57.1% | 53.1% |
| Q4 25 | 9.8% | -14.5% | ||
| Q3 25 | 8.6% | -24.1% | ||
| Q2 25 | 6.8% | -13.7% | ||
| Q1 25 | 6.3% | 7.2% | ||
| Q4 24 | 7.1% | -56.2% | ||
| Q3 24 | 3.5% | -48.6% | ||
| Q2 24 | -182.2% | 5.1% | ||
| Q1 24 | 7.7% | 4.4% |
| Q4 25 | 4.4% | -15.2% | ||
| Q3 25 | -4.5% | -47.2% | ||
| Q2 25 | 3.9% | -4.8% | ||
| Q1 25 | 2.9% | 2.3% | ||
| Q4 24 | 0.2% | -47.5% | ||
| Q3 24 | 1.4% | -51.9% | ||
| Q2 24 | -181.9% | -0.4% | ||
| Q1 24 | 3.8% | 1.9% |
| Q4 25 | $0.20 | $-0.74 | ||
| Q3 25 | $-0.18 | $-2.14 | ||
| Q2 25 | $0.16 | $-0.22 | ||
| Q1 25 | $0.10 | $0.10 | ||
| Q4 24 | $0.00 | $-2.09 | ||
| Q3 24 | $0.05 | $-2.46 | ||
| Q2 24 | $-6.69 | $-0.02 | ||
| Q1 24 | $0.14 | $0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $326.0M |
| Total DebtLower is stronger | $1.4B | $2.3B |
| Stockholders' EquityBook value | $3.1B | $1.3B |
| Total Assets | $5.7B | $5.4B |
| Debt / EquityLower = less leverage | 0.47× | 1.70× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $326.0M | ||
| Q3 25 | $1.1B | $363.0M | ||
| Q2 25 | $1.1B | $359.0M | ||
| Q1 25 | $1.1B | $398.0M | ||
| Q4 24 | $1.1B | $272.0M | ||
| Q3 24 | $991.3M | $296.0M | ||
| Q2 24 | $1.0B | $279.0M | ||
| Q1 24 | $948.5M | $291.0M |
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $3.1B | $1.3B | ||
| Q3 25 | $3.1B | $1.5B | ||
| Q2 25 | $3.1B | $2.0B | ||
| Q1 25 | $3.0B | $2.0B | ||
| Q4 24 | $2.9B | $1.9B | ||
| Q3 24 | $3.1B | $2.5B | ||
| Q2 24 | $3.0B | $3.1B | ||
| Q1 24 | $4.1B | $3.3B |
| Q4 25 | $5.7B | $5.4B | ||
| Q3 25 | $5.6B | $5.7B | ||
| Q2 25 | $5.7B | $6.1B | ||
| Q1 25 | $5.5B | $6.0B | ||
| Q4 24 | $5.4B | $5.8B | ||
| Q3 24 | $5.5B | $6.6B | ||
| Q2 24 | $5.4B | $6.9B | ||
| Q1 24 | $6.6B | $7.1B |
| Q4 25 | 0.47× | 1.70× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.48× | 0.90× | ||
| Q3 24 | 0.46× | — | ||
| Q2 24 | 0.51× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $108.0M | $101.0M |
| Free Cash FlowOCF − Capex | $91.7M | $60.0M |
| FCF MarginFCF / Revenue | 12.2% | 6.2% |
| Capex IntensityCapex / Revenue | 2.2% | 4.3% |
| Cash ConversionOCF / Net Profit | 3.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | $230.4M | $104.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.0M | $101.0M | ||
| Q3 25 | $78.7M | $79.0M | ||
| Q2 25 | $88.7M | $48.0M | ||
| Q1 25 | $300.0K | $7.0M | ||
| Q4 24 | $132.4M | $87.0M | ||
| Q3 24 | $70.7M | $141.0M | ||
| Q2 24 | $93.1M | $208.0M | ||
| Q1 24 | $40.3M | $25.0M |
| Q4 25 | $91.7M | $60.0M | ||
| Q3 25 | $67.9M | $40.0M | ||
| Q2 25 | $76.4M | $16.0M | ||
| Q1 25 | $-5.6M | $-12.0M | ||
| Q4 24 | $123.8M | $36.0M | ||
| Q3 24 | $63.3M | $98.0M | ||
| Q2 24 | $86.3M | $156.0M | ||
| Q1 24 | $29.3M | $-9.0M |
| Q4 25 | 12.2% | 6.2% | ||
| Q3 25 | 10.1% | 4.4% | ||
| Q2 25 | 11.2% | 1.7% | ||
| Q1 25 | -0.9% | -1.4% | ||
| Q4 24 | 19.0% | 4.0% | ||
| Q3 24 | 10.5% | 10.3% | ||
| Q2 24 | 13.6% | 15.9% | ||
| Q1 24 | 4.7% | -0.9% |
| Q4 25 | 2.2% | 4.3% | ||
| Q3 25 | 1.6% | 4.3% | ||
| Q2 25 | 1.8% | 3.4% | ||
| Q1 25 | 1.0% | 2.2% | ||
| Q4 24 | 1.3% | 5.6% | ||
| Q3 24 | 1.2% | 4.5% | ||
| Q2 24 | 1.1% | 5.3% | ||
| Q1 24 | 1.8% | 3.6% |
| Q4 25 | 3.28× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.36× | — | ||
| Q1 25 | 0.02× | 0.35× | ||
| Q4 24 | 110.33× | — | ||
| Q3 24 | 8.62× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.71× | 1.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NVST
| Other | $375.8M | 50% |
| Specialty Productsand Technologies | $188.4M | 25% |
| Equipmentand Consumables | $186.4M | 25% |
XRAY
| Essential Dental Solutions | $372.0M | 39% |
| Equipment And Instruments | $160.0M | 17% |
| Implants And Prosthetics | $150.0M | 16% |
| CADCAM | $139.0M | 14% |
| Wellspect Healthcare | $88.0M | 9% |
| Orthodontics | $52.0M | 5% |
