Enovis (ENOV) financial statements
Enovis reported revenue of $2.2B in fiscal 2025, down 3.8% a year over 9 years.
Net income was -$1.2B and the operating margin -50.0%, against 7.4% in 2016.
Free cash flow was $20M, and the company returned $4M in net buybacks.
The diluted share count rose 39% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Enovis's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2B | $1.9B | $2.2B | $3.3B | $1.1B | $1.4B | $1.6B | $1.7B | $2.1B | $2.2B |
| Cost of revenue | $2.2B | $1.3B | $1.5B | $1.9B | $517M | $649M | $694M | $716M | $927M | $903M |
| Gross profit | $992M | $672M | $729M | $1.4B | $604M | $778M | $869M | $991M | $1.2B | $1.3B |
| Research and development | — | — | — | — | $34M | $49M | $61M | $75M | $91M | $120M |
| Selling, general and admin | $697M | $501M | $549M | $1.1B | $515M | $666M | $773M | $830M | $1.0B | $1.1B |
| Operating income | $237M | $136M | $152M | $204M | -$66M | -$63M | -$71M | -$66M | -$776M | -$1.1B |
| Interest expense | $30M | $40M | $49M | $120M | $53M | $29M | $24M | $20M | $57M | $35M |
| Pre-tax income | $207M | $49M | $92M | $50M | -$119M | -$122M | -$2M | -$67M | -$823M | -$1.2B |
| Income tax | $52M | $2M | -$30M | $32M | -$45M | -$20M | $36M | -$13M | $4M | $22M |
| Net income | $128M | $151M | $140M | -$528M | $43M | $72M | -$13M | -$33M | -$825M | -$1.2B |
| EPS (diluted) | $3.12 | $3.66 | $3.48 | -$11.67 | $0.93 | $1.40 | -$0.25 | -$0.61 | -$14.93 | -$20.75 |
| Diluted shares | 41M | 41M | 40M | 46M | 46M | 51M | 54M | 54M | 55M | 57M |
| Gross margin | 31.2% | 34.7% | 33.3% | 42.1% | 53.9% | 54.5% | 55.6% | 58.0% | 56.0% | 59.8% |
| Operating margin | 7.4% | 7.0% | 6.9% | 6.1% | -5.9% | -4.4% | -4.6% | -3.8% | -36.8% | -50.0% |
| Net margin | 4.0% | 7.8% | 6.4% | -15.9% | 3.8% | 5.0% | -0.9% | -1.9% | -39.2% | -52.7% |
Balance sheet
Fiscal years, from Enovis's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $209M | $412M | $77M | $110M | $97M | $680M | $24M | $36M | $48M | $36M |
| Receivables | $839M | $970M | $387M | $562M | $517M | $255M | $267M | $291M | $407M | $443M |
| Inventory | $365M | $430M | $360M | $572M | $565M | $356M | $427M | $469M | $547M | $584M |
| Total current assets | $1.7B | $2.1B | $2.0B | $1.4B | $1.4B | $2.3B | $795M | $897M | $1.1B | $1.2B |
| Property, plant and equipment | $505M | $553M | $327M | $491M | $487M | $235M | $237M | $271M | $404M | $507M |
| Goodwill | $2.4B | $1.4B | $1.5B | $3.2B | $1.8B | $1.9B | $2.0B | $2.1B | $1.7B | $718M |
| Total assets | $6.3B | $6.7B | $6.6B | $7.4B | $7.4B | $8.5B | $4.3B | $4.5B | $4.7B | $3.8B |
| Total current liabilities | $1.1B | $1.1B | $1.2B | $857M | $812M | $1.0B | $565M | $370M | $529M | $598M |
| Long-term debt | $1.3B | $1.1B | $1.2B | $2.3B | $2.2B | $2.1B | $40M | $466M | $1.3B | $1.3B |
| Total liabilities | $3.2B | $3.0B | $3.1B | $3.9B | $3.8B | $3.9B | $823M | $1.1B | $2.2B | $2.3B |
| Shareholders' equity | $2.9B | $3.5B | $3.3B | $3.4B | $3.5B | $4.6B | $3.4B | $3.4B | $2.6B | $1.5B |
| Net debt | $1.1B | $799M | $1.1B | $2.2B | $2.1B | $1.4B | $235M | $430M | $1.3B | $1.3B |
Cash flow
Fiscal years, from Enovis's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $247M | $219M | $226M | $131M | $302M | $356M | -$56M | $135M | $114M | $217M |
| Capital spending | $63M | $69M | $70M | $125M | $115M | $104M | $105M | $122M | $181M | $197M |
| Free cash flow | $184M | $150M | $157M | $6M | $187M | $252M | -$161M | $13M | -$67M | $20M |
| Stock-based compensation | $19M | $22M | $25M | $22M | $29M | $35M | $39M | $34M | $30M | $33M |
| Share buybacks (net) | -$21M | $0 | -$200M | $0 | $0 | — | $0 | $0 | -$5M | -$4M |
| Net borrowing | -$38M | -$66M | -$131M | -$1.4B | -$40M | $0 | — | — | — | — |
| Free cash flow margin | 5.8% | 7.7% | 7.1% | 0.2% | 16.7% | 17.7% | -10.3% | 0.7% | -3.2% | 0.9% |
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Open ENOV in InvestinglyQuestions
What was Enovis's revenue in 2025?
$2.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Enovis generate?
$20M in fiscal 2025 (operating cash flow minus capital spending).
From Enovis's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.