Envista Holdings Corporation (NVST) vs Warby Parker Inc. (WRBY)

Envista Holdings Corporation and Warby Parker Inc. are both Medical Instruments & Supplies companies. Envista Holdings Corporation is the larger, with a market value of $3.9B against $3.3B — 1.2× the size. Envista Holdings Corporation trades at the lower P/E: 40.6× against 382×. Envista Holdings Corporation grew revenue faster over the last twelve months: 11.9% against 11.0%. Envista Holdings Corporation has the higher net margin (3.33% vs 0.85%) and the higher return on invested capital (5.05% vs 0.98%). Across the 22 metrics below, Envista Holdings Corporation leads on 18 and Warby Parker Inc. on 4.

Valuation

Metric NVST WRBY Medical Instruments & Supplies median
P/E 40.59 381.57 34.17
P/S 1.36 3.63 2.83
P/B 1.26 8.45 2.82
Price to free cash flow 15.57 152.23 25.69
EV/EBITDA 10.04 51.14 16.08
EV/Sales 1.51 3.31 3.06
Earnings yield 2.46% 0.26% (1.84%)
Free cash flow yield 6.42% 0.66% 0.17%

Profitability

Metric NVST WRBY Medical Instruments & Supplies median
Gross margin 55.24% 54.68% 54.62%
Operating margin 9.58% 0.17% 1.64%
Net margin 3.33% 0.85% 0.00%
Free cash flow margin 8.72% 2.39% 1.61%
Return on equity 3.06% 2.06% 0.00%
Return on assets 1.69% 1.05% 0.00%
Return on invested capital 5.05% 0.98% 0.00%

Growth

Metric NVST WRBY Medical Instruments & Supplies median
Revenue growth (TTM) 11.89% 10.99% 9.20%
EPS growth (last fiscal year) 104.31% 105.88% —
Revenue growth, 5-year CAGR 7.11% 17.23% 9.48%
Net income growth, 5-year CAGR 7.13% 0.00% 0.00%

Health

Metric NVST WRBY Medical Instruments & Supplies median
Debt to equity 0.47 0.00 0.08
Current ratio 2.43 2.27 2.49
Net debt to EBITDA 0.64 (5.92) 0.83

Dividend

Metric NVST WRBY Medical Instruments & Supplies median
Dividend yield — — 0.99%
Payout ratio 0.00 0.00 0.00

Size

Metric NVST WRBY Medical Instruments & Supplies median
Market cap 3.87b 3.28b 938.39m

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