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Envista vs Sonendo: revenue, profit, margins and growth compared

Envista brought in $2.7B of revenue in fiscal 2025, Sonendo $33.2M in fiscal 2024. Revenue changed by +8.3% at Envista and -24.3% at Sonendo on the year before, so Envista grew faster. Envista kept 1.7% of its revenue as net profit, Sonendo -84.4%. Free cash flow was $230.4M at Envista and -$24.8M at Sonendo.

Side by side, latest fiscal year

NVSTSONX
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$2.7B$33.2M
Revenue growth+8.3%-24.3%
Net income$47M-$28M
Net margin1.7%-84.4%
Free cash flow$230.4M-$24.8M
Free cash flow margin8.5%-74.7%
Earnings per share (diluted)$0.28-$59.03
Cash$1.2B$10.2M
Debt$1.4B$14.4M
Price to earnings84.8n/a
Market value$3.8B$641.1K
Dividend yieldn/an/a
Rank by revenue in sector#98 of 742 · Health care#438 of 742 · Health care

Over the years

Revenue
NVST FY2019: $2.8BNVST FY2019: $2.3BNVST FY2020: $1.9BNVST FY2021: $2.5BNVST FY2022: $2.6BNVST FY2023: $2.6BNVST FY2024: $2.5BNVST FY2025: $2.7BSONX FY2021: $23.4MSONX FY2021: $33.2MSONX FY2022: $41.7MSONX FY2023: $43.9MSONX FY2024: $33.2MFY19FY20FY21FY22FY23FY24FY25
NVST $2.7BSONX $33.2M
Net income
NVST FY2019: $230.7MNVST FY2019: $217.6MNVST FY2020: $33.3MNVST FY2021: $340.5MNVST FY2022: $243.1MNVST FY2023: -$100.2MNVST FY2024: -$1.1BNVST FY2025: $47MSONX FY2021: -$46.7MSONX FY2021: -$48.5MSONX FY2022: -$57.1MSONX FY2023: -$60.9MSONX FY2024: -$28MFY19FY20FY21FY22FY23FY24FY25
NVST $47MSONX -$28M
Net margin
NVST FY2019: 8.1%NVST FY2019: 9.5%NVST FY2020: 1.7%NVST FY2021: 13.6%NVST FY2022: 9.5%NVST FY2023: -3.9%NVST FY2024: -44.6%NVST FY2025: 1.7%SONX FY2021: -199.8%SONX FY2021: -146.1%SONX FY2022: -137.0%SONX FY2023: -138.9%SONX FY2024: -84.4%FY19FY20FY21FY22FY23FY24FY25
NVST 1.7%SONX -84.4%
Revenue growth
NVST FY2019: -19.7%NVST FY2020: -15.6%NVST FY2021: +30.1%NVST FY2022: +2.4%NVST FY2023: -0.1%NVST FY2024: -2.2%NVST FY2025: +8.3%SONX FY2021: +42.2%SONX FY2022: +25.5%SONX FY2023: +5.3%SONX FY2024: -24.3%FY19FY20FY21FY22FY23FY24FY25
NVST +8.3%SONX -24.3%
Free cash flow
NVST FY2019: $327.9MNVST FY2019: $319.7MNVST FY2020: $236.2MNVST FY2021: $306.9MNVST FY2022: $107MNVST FY2023: $217.5MNVST FY2024: $302.7MNVST FY2025: $230.4MSONX FY2021: -$39.5MSONX FY2021: -$49.2MSONX FY2022: -$62.4MSONX FY2023: -$47MSONX FY2024: -$24.8MFY19FY20FY21FY22FY23FY24FY25
NVST $230.4MSONX -$24.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Envista and Sonendo

Which is bigger by revenue, Envista or Sonendo?

Envista is bigger by revenue: $2.7B in fiscal 2025, against $33.2M for Sonendo in fiscal 2024.

Which keeps more of its revenue as profit, Envista or Sonendo?

Envista had a net margin of 1.7% in fiscal 2025; Sonendo had -84.4% in fiscal 2024.

Which grew revenue faster, Envista or Sonendo?

In their latest fiscal years revenue changed by +8.3% at Envista and -24.3% at Sonendo.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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