Envista Holdings Corporation Common Stock (NVST)

FairStock Score: 41/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Envista is a $3.6 billion dental-products company. The filed record shows why FairStock's Lynch category is TURNAROUND: it returned to profit after a loss within the last three years. In FY2024 (period ended 2024-12-31), revenue was $2.5B but net income was -$1.1B; in FY2023 (period ended 2023-12-31), net income was -$100.2M. By FY2025 (period ended 2025-12-31), revenue was $2.7B and net income turned positive at $47.0M. More recently, in fiscal Q2 2026 (quarter ended 2026-07-03), revenue was $730.5M and net income $53.7M, or diluted EPS $0.33; that follows fiscal Q1 2026 (quarter ended 2026-04-03) net income of $38.7M, or $0.23. So the profit recovery is real and accelerating. FairStock's Piotroski F-score is 8/9, and TTM free cash flow is $248.1M, a 6.8% FCF yield, which supports the idea that cash generation is healthier than earnings alone suggest. But quality is not yet proven: FairStock's ROE of 3.06% and ROCE of 3.23% are thin; its Altman Z-score of 1.20 signals balance-sheet risk; D/E of 0.52 is manageable but not fortress-like. Valuation is mixed. At the $22.65 close on 2026-10-13, P/B of 1.18, EV/EBITDA of 9.74 and FCF yield of 6.8% look reasonable, but P/E of 39.05 is high, and Graham Number of $15.81 implies a negative -43.26% margin of safety. The market is paying for a successful turnaround. I would want several more clean quarters and steady margins before calling this a durable moat business.

In plain English: Envista makes dental products such as implants, equipment, and consumables. The business looks like a turnaround: it lost money in fiscal 2023 and fiscal 2024 but has made profits in recent fiscal 2026 quarters, and cash flow is positive. At $22.65 on 2026-10-13, the price looks expensive compared with recent profit and asset value, though not obviously expensive relative to cash flow.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-07-03) · fiscal Q1 2026 10-Q (period ended 2026-04-03) · fiscal Q3 2025 10-Q (period ended 2025-09-26) · fiscal Q2 2025 10-Q (period ended 2025-06-27) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer