Enovis CORP ENOV
Enovis Corporation (the "Company", "Enovis", "we" or "us") is a medical technology company focused on developing clinically differentiated solutions that generate measurably better patient outcomes and transform workflows by manufacturing, and distributing high-quality medical devices with a broad range of products used for reconstructive surgery, rehabilitation, pain management and physical therapy. Our products address the continuum of patient care from injury prevention to rehabilitation after surgery or injury or from degenerative disease, enabling people to regain or maintain their natural motion. We seek to leverage our Enovis Growth Excellence business system ("EGX"), a set of tools, processes, and culture, to continuously improve our ability to enable great patient outcomes and to drive and fuel growth.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Foreign locations
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $1.30B | $1.25B | $1.15B |
| Foreign locations | $952.7M | $861.9M | $554.8M |
As the company reported it, from the “Segment Information Net Sales and PPE by Geography (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.25B | $2.11B | $1.71B | $1.56B | $1.43B | $1.12B | $3.33B | $2.19B | $1.94B | $3.19B |
| Cost of revenue | $902.8M | $926.9M | $716.4M | $693.7M | $648.5M | $517.1M | $1.93B | $1.46B | $1.27B | $2.19B |
| Gross profit | $1.35B | $1.18B | $990.8M | $869.4M | $777.7M | $603.6M | $1.40B | $729.4M | $671.6M | $992.4M |
| R&D | $120.3M | $91.3M | $75.3M | $60.8M | $49.1M | $34.3M | — | — | — | — |
| SG&A | $1.07B | $1.03B | $830.3M | $772.9M | $665.8M | $515.5M | $1.13B | $548.8M | $500.6M | $696.8M |
| Operating income | -$1.12B | -$775.7M | -$65.7M | -$71.2M | -$62.8M | -$66.2M | $203.6M | $151.5M | $135.6M | $236.8M |
| Interest expense | $34.8M | $57.1M | $19.7M | $24.1M | $29.1M | $52.8M | $119.5M | $49.1M | $40.1M | $30.3M |
| Pre-tax income | -$1.16B | -$822.9M | -$67.1M | -$2.1M | -$121.8M | -$119.0M | $50.5M | $92.4M | $48.6M | $206.5M |
| Income tax | $22.3M | $4.5M | $13.3M | $36.1M | $19.5M | $44.6M | $31.6M | $29.5M | $2.5M | $51.8M |
| Net income | -$1.18B | -$825.5M | -$33.3M | -$13.3M | $71.7M | $42.6M | -$527.6M | $140.2M | $151.1M | $128.1M |
| EPS, basic | -20.75 | -14.93 | -0.61 | -0.25 | 1.40 | 0.93 | -3.89 | 1.17 | 1.23 | 1.04 |
| EPS, diluted | -20.75 | -14.93 | -0.61 | -0.25 | 1.40 | 0.93 | -3.89 | 1.16 | 1.22 | 1.04 |
| Shares, diluted (wtd. avg.) | 57.1M | 55.3M | 54.5M | 54.1M | 51.1M | 45.6M | 136.7M | 120.8M | 124.0M | 123.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $36.4M | $48.2M | $36.2M | $24.3M | $680.3M | $97.1M | $109.6M | $77.2M | $262.0M | $208.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $149.6M | $0 |
| Receivables | $442.8M | $407.0M | $291.5M | $267.4M | $255.0M | $517.0M | $561.9M | $386.6M | $970.2M | $838.8M |
| Inventory | $584.4M | $547.1M | $468.8M | $426.6M | $356.2M | $564.8M | $571.6M | $359.7M | $429.6M | $365.0M |
| Total current assets | $1.21B | $1.15B | $896.5M | $795.0M | $2.30B | $1.36B | $1.40B | $1.96B | $2.07B | $1.74B |
| Property, plant and equipment | $507.1M | $404.5M | $270.8M | $236.7M | $235.1M | $487.0M | $491.2M | $327.2M | $552.8M | $505.4M |
| Goodwill | $718.3M | $1.69B | $2.06B | $1.98B | $92.4M | $1.76B | $3.20B | $1.50B | $1.43B | $2.35B |
| Other intangibles | $1.24B | $1.32B | $1.13B | $1.11B | $1.15B | $1.66B | $1.72B | $628.3M | $1.02B | $916.3M |
| Total assets | $3.83B | $4.72B | $4.51B | $4.27B | $8.52B | $7.35B | $7.39B | $6.62B | $6.71B | $6.34B |
| Accounts payable | $187.5M | $179.1M | $132.5M | $135.6M | $155.2M | $330.3M | $359.8M | $291.2M | $587.1M | $515.5M |
| Short-term debt | $35.0M | $20.0M | $0 | $219.3M | $7.7M | $27.1M | $27.6M | $5.0M | $5.8M | $5.4M |
| Total current liabilities | $598.5M | $529.0M | $369.6M | $565.2M | $1.02B | $811.7M | $857.3M | $1.20B | $1.10B | $1.06B |
| Long-term debt | $1.26B | $1.31B | $466.2M | $40.0M | $2.08B | $2.20B | $2.28B | $1.19B | $1.06B | $1.29B |
| Total liabilities | $2.34B | $2.15B | $1.09B | $823.4M | $3.85B | $3.76B | $3.90B | $3.14B | $2.98B | $3.25B |
| Retained earnings | -$1.47B | -$283.0M | $542.5M | $575.7M | $589.0M | $517.4M | $479.6M | $991.8M | $846.5M | $685.4M |
| Total equity | $1.49B | $2.56B | $3.42B | $3.45B | $4.66B | $3.59B | $3.49B | $3.48B | $3.73B | $3.09B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $217.3M | $113.5M | $135.0M | -$55.9M | $356.1M | $301.9M | $130.9M | $226.4M | $218.8M | $247.0M |
| Depreciation and amortisation | $1.34B | $927.8M | $217.1M | $203.0M | $187.0M | $167.9M | $215.6M | $81.2M | $72.7M | $128.8M |
| Stock-based compensation | $32.9M | $29.7M | $34.1M | $39.0M | $35.4M | $28.9M | $22.0M | $25.1M | $21.5M | $19.0M |
| Capital expenditure | $197.4M | $180.7M | $122.2M | $105.5M | $104.2M | $114.8M | $125.4M | $69.6M | $68.8M | $63.3M |
| Investing cash flow | -$179.4M | -$955.5M | -$242.5M | -$176.4M | -$320.5M | -$175.1M | -$1.63B | -$167.9M | $89.9M | -$82.0M |
| Financing cash flow | -$52.4M | $846.8M | $127.8M | -$465.1M | $584.9M | -$131.7M | $1.37B | -$47.2M | -$280.4M | -$145.2M |
| Buybacks | $3.5M | $4.8M | $0 | $0 | — | $0 | $0 | $200.0M | $0 | $20.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001420800-26-000012.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.19B | $1.94B | $2.19B | $3.33B | $1.12B | $1.43B | $1.56B | $1.71B | $2.11B | $2.25B |
| Gross profit | $992.4M | $671.6M | $729.4M | $1.40B | $603.6M | $777.7M | $869.4M | $990.8M | $1.18B | $1.35B |
| Net income | $128.1M | $151.1M | $140.2M | -$527.6M | $42.6M | $71.7M | -$13.3M | -$33.3M | -$825.5M | -$1.18B |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3842
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|---|---|---|---|---|
| ISRG | INTUITIVE SURGICAL INC | $159.78B | 57.5x | 20.5% |
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| STE | STERIS plc | $22.63B | 29.3x | 8.7% |
| ZBH | ZIMMER BIOMET HOLDINGS, INC. | $18.80B | 27.8x | 7.2% |
| ALGN | ALIGN TECHNOLOGY INC | $10.98B | 27.3x | 0.9% |
| MSA | MSA Safety Inc | $7.03B | 25.7x | 3.7% |
| ESTA | ESTABLISHMENT LABS HOLDINGS INC. | $1.90B | — | 27.1% |
| CDRE | Cadre Holdings, Inc. | $1.28B | 29.4x | 7.5% |