Envista Holdings Corp
Business
Envista Holdings Corp is a global dental products company operating a portfolio of over 30 brands including Nobel Biocare, Ormco, DEXIS, and Kerr. The company designs, manufactures and markets dental implants, orthodontic solutions, diagnostic imaging systems, and consumable dental products for clinical professionals worldwide. Envista operates through two segments: Specialty Products & Technologies and Equipment & Consumables, serving dental professionals in over 130 countries through direct sales and distribution partners, with the majority of sales derived from consumable products, services and spare parts.
Summary from 10-K filed 2026-02-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Sales | 2,720 | 2,511 | 2,567 | 2,569 | 2,509 | |
| Cost of sales | 1,233 | 1,138 | 1,126 | 1,094 | 1,082 | |
| Gross profit | 1,487 | 1,373 | 1,441 | 1,475 | 1,427 | |
| Selling, general and administrative | 1,157 | 1,158 | 1,057 | 1,056 | 1,020 | |
| Research and development | 114 | 99 | 94 | 100 | 101 | |
| Goodwill and intangible asset impairments | 0 | 1,154 | 258 | 0 | 0 | |
| Operating profit (loss) | 216 | −1,038 | 32 | 319 | 306 | |
| Other expense, net | −2 | −100,000 | −23 | 3 | 2 | |
| Interest expense, net | −37 | −46 | −63 | −38 | — | |
| Income (loss) before income taxes | 177 | −1,085 | −55 | 284 | 255 | |
| Income tax expense | 130 | 34 | 45 | 46 | −9 | |
| Net income (loss) | 47 | −1,119 | −100 | 243 | 341 | |
| Earnings (Loss) - basic (in USD per share) | 0.28 | −6.5 | −0.6 | 1.49 | 2.11 | |
| Earnings (Loss) - diluted (in USD per share) | 0.28 | −6.5 | −0.6 | 1.37 | 1.92 | |
| Basic (in shares) | 168 | 172 | 167 | 163 | 161 | |
| Diluted (in shares) | 169 | 172 | 167 | 178 | 178 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,212 | 1,069 | 940 | 607 | 1,074 | |
| Trade accounts receivable, less allowance for credit losses of $22.5 and $26.6, respectively | 430 | 363 | 408 | 394 | 332 | |
| Inventories, net | 288 | 241 | 259 | 301 | 264 | |
| Prepaid expenses and other current assets | 97 | 115 | 137 | 123 | 154 | |
| Total current assets | 2,027 | 1,788 | 1,744 | 1,425 | 1,836 | |
| Property, plant and equipment, net | 297 | 277 | 310 | 294 | 264 | |
| Operating lease right-of-use assets | 142 | 143 | 125 | 132 | 128 | |
| Other long-term assets | 228 | 231 | 181 | 154 | 168 | |
| Goodwill, net | 2,358 | 2,262 | 3,292 | 3,497 | 3,132 | |
| Other intangible assets, net | 627 | 650 | 954 | 1,087 | 1,046 | |
| Total assets | 5,679 | 5,351 | 6,605 | 6,587 | 6,574 | |
| Short-term debt | 0 | 116 | 115 | 510 | 432 | |
| Trade accounts payable | 192 | 175 | 180 | 228 | 186 | |
| Accrued expenses and other liabilities | 622 | 554 | 456 | 471 | 562 | |
| Operating lease liabilities | 39 | 35 | 30 | 27 | 24 | |
| Total current liabilities | 853 | 879 | 781 | 1,237 | 1,208 | |
| Operating lease liabilities | 110 | 119 | 110 | 121 | 120 | |
| Other long-term liabilities | 161 | 140 | 142 | 151 | 304 | |
| Long-term debt | 1,448 | 1,278 | 1,398 | 871 | 883 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock, $0.01 par value, 15.0 million shares authorized; no shares issued or outstanding at December 31, 2025 and December 31, 2024 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.01 par value, 500.0 million shares authorized; 175.4 million shares issued and 163.8 million shares outstanding at December 31, 2025; 174.2 million shares issued and 172.2 million shares outstanding at December 31, 2024 | 2 | 2 | 2 | 2 | 2 | |
| Treasury stock at cost; 11.6 million shares and 2.0 million shares at December 31, 2025 and December 31, 2024, respectively | −225 | −51 | — | — | — | |
| Additional paid-in capital | 3,883 | 3,842 | 3,758 | 3,699 | 3,733 | |
| Accumulated deficit | −440 | −487 | 631 | 731 | 467 | |
| Accumulated other comprehensive loss | −113 | −371 | −217 | −225 | −144 | |
| Total stockholders equity | 3,106 | 2,935 | 4,174 | 4,207 | 4,058 | |
| Total liabilities and stockholders equity | 5,679 | 5,351 | 6,605 | 6,587 | 6,574 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 40 | 41 | 36 | 32 | 41 | |
| Amortization | 76 | 82 | 100 | 106 | 83 | |
| Allowance for credit losses | 10 | 18 | 7 | 5 | 6 | |
| Stock-based compensation expense | 38 | 35 | 31 | 31 | 28 | |
| Gain on investments in rabbi trust, net | −4 | −700,000 | 0 | — | — | |
| Loss (gain) on equity investments, net | 6 | 1 | −4 | 0 | — | |
| Loss (gain) on sale of property, plant and equipment | 2 | 3 | −5 | −2 | −2 | |
| Restructuring charges | 0 | 0 | 1 | 5 | 11 | |
| Fixed assets impairments and other charges | 2 | 17 | 200,000 | 6 | 18 | |
| Non-cash operating lease costs | 35 | 31 | 27 | 24 | 28 | |
| Inducement expense related to exchange of convertible notes | 0 | 0 | 29 | 0 | 0 | |
| Amortization of debt discount and issuance costs | 4 | 5 | 5 | 4 | 23 | |
| Deferred income taxes | 11 | −29 | −37 | −29 | −59 | |
| Change in trade accounts receivable | −49 | 10 | −17 | −71 | −43 | |
| Change in inventories | −29 | 4 | 35 | −40 | −66 | |
| Change in trade accounts payable | 8 | −1 | −46 | 45 | −20 | |
| Change in prepaid expenses and other assets | 8 | −7 | 3 | −12 | −12 | |
| Change in accrued expenses and other liabilities | 116 | 135 | −12 | −133 | 34 | |
| Change in operating lease liabilities | −45 | −43 | −35 | −32 | −38 | |
| Net cash provided by operating activities | 276 | 337 | 276 | 183 | 362 | |
| Payments for additions to property, plant and equipment | −45 | −34 | −58 | −76 | −55 | |
| Purchases of investments held in rabbi trust | −10 | −33 | 0 | 0 | — | |
| Proceeds from sale of investments held in rabbi trust | 10 | 9 | 0 | 0 | — | |
| Proceeds from sales of property, plant and equipment | 500,000 | 100,000 | 6 | 3 | 12 | |
| Proceeds from sale of equity investment | 0 | 400,000 | 11 | 0 | 0 | |
| All other investing activities, net | −7 | 2 | −21 | −19 | −16 | |
| Net cash used in investing activities | −51 | −55 | −62 | −657 | 263 | |
| Proceeds from stock option exercises | 3 | 2 | 11 | 22 | 20 | |
| Cash paid for treasury stock | −167 | 0 | 0 | — | — | |
| Tax withholding payment related to net settlement of equity awards | −6 | −5 | −8 | −9 | −7 | |
| Proceeds from issuance of convertible notes due 2028 | 0 | 0 | 500 | 0 | 0 | |
| Principal paid related to exchange of convertible notes due 2025 | −116 | 0 | −401 | 0 | 0 | |
| Proceeds from borrowings | 0 | 0 | 324 | 300,000 | 0 | |
| Repayment of borrowings | 0 | −100 | −289 | −500,000 | — | |
| Proceeds from revolving line of credit | 115 | 0 | 0 | 124 | 0 | |
| All other financing activities | 0 | −800,000 | 100,000 | 0 | 100,000 | |
| Net cash (used in) provided by financing activities | −171 | −104 | 119 | 13 | −466 | |
| Effect of exchange rate changes on cash and cash equivalents | 89 | −49 | 900,000 | −5 | 26 | |
| Net change in cash and cash equivalents | 143 | 129 | 333 | −467 | 185 | |
| Cash paid for interest | 46 | 55 | 63 | 38 | 36 | |
| Cash paid for taxes | 80 | 33 | 99 | 119 | 84 | |
| ROU assets obtained in exchange for operating lease obligations | 25 | 55 | 22 | 36 | 25 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Envista Holdings Corp's CIK number?
Envista Holdings Corp's SEC CIK number is 0001757073 (1757073). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Envista Holdings Corp's SEC filings?
All of Envista Holdings Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Envista Holdings Corp last report earnings?
Envista Holdings Corp (NVST) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001757073-26-000040). This is Envista Holdings Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Envista Holdings Corp's most recent earnings 8-K?
Envista Holdings Corp's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001757073-26-000040. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Envista Holdings Corp's latest earnings 8-K →
Look up any company's CIK number →