Envista Holdings Corp (NVST) Stock

Envista Holdings Corp (NVST) is a Healthcare stock trading at $26.95 (as of 2026-08-20), with a market capitalization of $4.33B and a trailing P/E of 42.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Envista Holdings Corp. manufactures and markets dental products for diagnosing, treating and preventing dental conditions. The company is headquartered in Brea, California and currently employs 12,800 full-time employees. The firm provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone. The firm operates through two segments: Specialty Products & Technologies, and Equipment & Consumables. Its Specialty Products & Technologies segment develops, manufactures and markets dental implant systems, dental prosthetics and associated treatment software and technologies, as well as orthodontic bracket systems, aligners and lab products. Its Equipment & Consumables segment develops, manufactures and markets dental equipment and supplies used in dental offices, including digital imaging systems, software and other visualization/magnification systems; treatment units and other dental practice equipment; endodontic systems and related consumables; restorative materials and instruments, rotary burs, impression materials, bonding agents and cements and infection prevention products.

Understand Envista Holdings Corp: how it makes money

Envista Holdings makes and markets dental products used to diagnose, treat, and prevent dental conditions, and it earns money by selling dental implant systems, dental prosthetics, and related equipment and consumables.

The profit engine is the mix of sales across its two dental product businesses, Specialty Products & Technologies and Equipment & Consumables.

Revenue by segment (latest quarter)
Specialty$0.5B
Equipment$0.3B

Business quality (Mixed): In the latest reported period (2026-04-03), Envista reported 55.3% gross margin and 8.9% operating margin, showing profitability after operating costs, alongside a revenue split between its Specialty and Equipment businesses.

Valuation: At 66× earnings, NVST trades 103% above the Medical Equipment average (32×). Note: one-time items can distort reported P/E.

Bull case

  • Two core revenue segments: Envista operates through two segments, Specialty Products & Technologies and Equipment & Consumables, which together drive most of its revenue (Specialty products at 0.46B and Equipment and consumables at 0.25B).
  • Operating profitability exists: The company reported 55.3% gross margin and 8.9% operating margin in the latest period (2026-04-03).

Bear case

  • Lower operating margin may limit downside flexibility: An 8.9% operating margin means profits after operating costs are relatively modest if costs rise or demand weakens.
  • Heavier revenue weighting toward one segment: Specialty Products & Technologies revenue (0.46B) is larger than Equipment & Consumables revenue (0.25B), so changes in the larger segment can have an outsized impact on total results.
Valuation — source: SEC EDGAR (first-party)
Price$26.95
Market Cap$4.33B
P/E Ratio42.9
EV / EBITDA12.3
Price / Book1.41
Price / Sales1.54
FCF Yield4.5%
DCF Value (model)$5.53
DCF Upside vs Price-79.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.72B
Net Margin1.7%
Return on Equity3.1%
Debt / Equity0.47
Current Ratio2.43
Revenue Growth (YoY)8.3%
EPS Growth (YoY)-104.3%
FCF Growth (YoY)-23.9%
Financial Health — source: SEC EDGAR
Altman Z-Score1.77 (distress)
Piotroski F-Score8/9 (strong)
Valuation vs Sector & Industry
Stock P/E42.9
Sector P/E (Healthcare)21.6
Industry P/E (Medical Equipment)32.9
vs Sector98.8%
vs Industry30.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($452.93M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorHealthcare
IndustryMedical Equipment
CEOPaul A. Keel
Employees12,300
CountryUS
IPO Date2019-09-18

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NVST earnings history · NVST institutional & insider holders · NVST KPIs & operating metrics · NVST financials · NVST investor presentations & press releases · NVST SEC filings · NVST peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.