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 $3.8B against $3.0B — 1.2× the size. Envista Holdings Corporation trades at the lower P/E: 38.8× against 334×. 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 38.81 334.29 33.75
P/S 1.30 3.18 2.52
P/B 1.21 7.40 2.48
Price to free cash flow 14.89 133.36 25.19
EV/EBITDA 9.64 44.19 14.62
EV/Sales 1.45 2.86 2.88
Earnings yield 2.58% 0.30% (2.67%)
Free cash flow yield 6.72% 0.75% 0.09%

Profitability

Metric NVST WRBY Medical Instruments & Supplies median
Gross margin 55.24% 54.68% 54.29%
Operating margin 9.58% 0.17% 1.07%
Net margin 3.33% 0.85% (1.61%)
Free cash flow margin 8.72% 2.39% 1.08%
Return on equity 3.06% 2.06% (1.32%)
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% 8.85%
EPS growth (last fiscal year) 104.31% 105.88% 8.65%
Revenue growth, 5-year CAGR 7.11% 17.23% 9.17%
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 0.10
Current ratio 2.43 2.27 2.48
Net debt to EBITDA 0.64 (5.92) 0.89

Dividend

Metric NVST WRBY Medical Instruments & Supplies median
Dividend yield — — 1.11%
Payout ratio — — 0.27

Size

Metric NVST WRBY Medical Instruments & Supplies median
Market cap 3.77b 3.04b 619.84m

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