Medical - Equipment & Services
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2 / 10Stock Comparison
NVST vs ALGN
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
NVST vs ALGN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Medical - Equipment & Services | Medical - Devices |
| Market Cap | $4.04B | $12.06B |
| Revenue (TTM) | $2.81B | $4.10B |
| Net Income (TTM) | $68M | $430M |
| Gross Margin | 55.1% | 67.7% |
| Operating Margin | 9.0% | 14.4% |
| Forward P/E | 17.2x | 14.9x |
| Total Debt | $1.71B | $114M |
| Cash & Equiv. | $1.21B | $1.08B |
NVST vs ALGN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Envista Holdings Co… (NVST) | 100 | 114.9 | +14.9% |
| Align Technology, I… (ALGN) | 100 | 68.6 | -31.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NVST vs ALGN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NVST has the current edge in this matchup, primarily because of its strength in income & stability and growth exposure.
- beta 1.65
- Rev growth 8.3%, EPS growth 104.3%, 3Y rev CAGR 1.9%
- Lower volatility, beta 1.65, Low D/E 55.0%, current ratio 2.38x
ALGN is the clearest fit if your priority is long-term compounding.
- 122.8% 10Y total return vs NVST's -13.1%
- Lower P/E (14.9x vs 17.2x)
- 10.5% margin vs NVST's 2.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.3% revenue growth vs ALGN's 0.9% | |
| Value | Lower P/E (14.9x vs 17.2x) | |
| Quality / Margins | 10.5% margin vs NVST's 2.4% | |
| Stability / Safety | Beta 1.65 vs ALGN's 1.66 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +44.2% vs ALGN's -2.2% | |
| Efficiency (ROA) | 6.9% ROA vs NVST's 1.2%, ROIC 15.4% vs 4.8% |
NVST vs ALGN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NVST vs ALGN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
ALGN leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ALGN and NVST operate at a comparable scale, with $4.1B and $2.8B in trailing revenue. ALGN is the more profitable business, keeping 10.5% of every revenue dollar as net income compared to NVST's 2.4%. On growth, NVST holds the edge at +14.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.8B | $4.1B |
| EBITDAEarnings before interest/tax | $342M | $790M |
| Net IncomeAfter-tax profit | $68M | $430M |
| Free Cash FlowCash after capex | $220M | $717M |
| Gross MarginGross profit ÷ Revenue | +55.1% | +67.7% |
| Operating MarginEBIT ÷ Revenue | +9.0% | +14.4% |
| Net MarginNet income ÷ Revenue | +2.4% | +10.5% |
| FCF MarginFCF ÷ Revenue | +7.8% | +17.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +14.4% | +6.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +130.0% | +23.6% |
Valuation Metrics
NVST leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 29.8x trailing earnings, ALGN trades at a 66% valuation discount to NVST's 86.7x P/E. On an enterprise value basis, NVST's 13.3x EV/EBITDA is more attractive than ALGN's 13.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $4.0B | $12.1B |
| Enterprise ValueMkt cap + debt − cash | $4.5B | $11.1B |
| Trailing P/EPrice ÷ TTM EPS | 86.73x | 29.80x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.21x | 14.85x |
| PEG RatioP/E ÷ EPS growth rate | 58.08x | — |
| EV / EBITDAEnterprise value multiple | 13.28x | 13.92x |
| Price / SalesMarket cap ÷ Revenue | 1.49x | 2.99x |
| Price / BookPrice ÷ Book value/share | 1.32x | 3.02x |
| Price / FCFMarket cap ÷ FCF | 17.54x | 24.57x |
Profitability & Efficiency
ALGN leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
ALGN delivers a 10.7% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $2 for NVST. ALGN carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to NVST's 0.55x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +2.2% | +10.7% |
| ROA (TTM)Return on assets | +1.2% | +6.9% |
| ROICReturn on invested capital | +4.8% | +15.4% |
| ROCEReturn on capital employed | +4.9% | +14.5% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 |
| Debt / EquityFinancial leverage | 0.55x | 0.03x |
| Net DebtTotal debt minus cash | $496M | -$965M |
| Cash & Equiv.Liquid assets | $1.2B | $1.1B |
| Total DebtShort + long-term debt | $1.7B | $114M |
| Interest CoverageEBIT ÷ Interest expense | 12.76x | 389.13x |
Total Returns (Dividends Reinvested)
NVST leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NVST five years ago would be worth $5,340 today (with dividends reinvested), compared to $2,814 for ALGN. Over the past 12 months, NVST leads with a +44.2% total return vs ALGN's -2.2%. The 3-year compound annual growth rate (CAGR) favors NVST at -11.3% vs ALGN's -18.1% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +12.0% | +7.9% |
| 1-Year ReturnPast 12 months | +44.2% | -2.2% |
| 3-Year ReturnCumulative with dividends | -30.3% | -45.0% |
| 5-Year ReturnCumulative with dividends | -46.6% | -71.9% |
| 10-Year ReturnCumulative with dividends | -13.1% | +122.8% |
| CAGR (3Y)Annualised 3-year return | -11.3% | -18.1% |
Risk & Volatility
Evenly matched — NVST and ALGN each lead in 1 of 2 comparable metrics.
Risk & Volatility
NVST is the less volatile stock with a 1.65 beta — it tends to amplify market swings less than ALGN's 1.66 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.65x | 1.66x |
| 52-Week HighHighest price in past year | $30.42 | $208.31 |
| 52-Week LowLowest price in past year | $16.33 | $122.00 |
| % of 52W HighCurrent price vs 52-week peak | +79.8% | +80.8% |
| RSI (14)Momentum oscillator 0–100 | 55.1 | 44.6 |
| Avg Volume (50D)Average daily shares traded | 2.4M | 1.1M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates NVST as "Hold" and ALGN as "Buy". Consensus price targets imply 20.9% upside for ALGN (target: $204) vs 11.2% for NVST (target: $27).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $27.00 | $203.60 |
| # AnalystsCovering analysts | 19 | 33 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +4.1% | +3.9% |
ALGN leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). NVST leads in 2 (Valuation Metrics, Total Returns). 1 tied.
NVST vs ALGN: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NVST or ALGN a better buy right now?
For growth investors, Envista Holdings Corp (NVST) is the stronger pick with 8.
3% revenue growth year-over-year, versus 0. 9% for Align Technology, Inc. (ALGN). Align Technology, Inc. (ALGN) offers the better valuation at 29. 8x trailing P/E (14. 9x forward), making it the more compelling value choice. Analysts rate Align Technology, Inc. (ALGN) a "Buy" — based on 33 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NVST or ALGN?
On trailing P/E, Align Technology, Inc.
(ALGN) is the cheapest at 29. 8x versus Envista Holdings Corp at 86. 7x. On forward P/E, Align Technology, Inc. is actually cheaper at 14. 9x.
03Which is the better long-term investment — NVST or ALGN?
Over the past 5 years, Envista Holdings Corp (NVST) delivered a total return of -46.
6%, compared to -71. 9% for Align Technology, Inc. (ALGN). Over 10 years, the gap is even starker: ALGN returned +122. 8% versus NVST's -13. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NVST or ALGN?
By beta (market sensitivity over 5 years), Envista Holdings Corp (NVST) is the lower-risk stock at 1.
65β versus Align Technology, Inc. 's 1. 66β — meaning ALGN is approximately 1% more volatile than NVST relative to the S&P 500. On balance sheet safety, Align Technology, Inc. (ALGN) carries a lower debt/equity ratio of 3% versus 55% for Envista Holdings Corp — giving it more financial flexibility in a downturn.
05Which is growing faster — NVST or ALGN?
By revenue growth (latest reported year), Envista Holdings Corp (NVST) is pulling ahead at 8.
3% versus 0. 9% for Align Technology, Inc. (ALGN). On earnings-per-share growth, the picture is similar: Envista Holdings Corp grew EPS 104. 3% year-over-year, compared to 0. 5% for Align Technology, Inc.. Over a 3-year CAGR, ALGN leads at 2. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NVST or ALGN?
Align Technology, Inc.
(ALGN) is the more profitable company, earning 10. 2% net margin versus 1. 7% for Envista Holdings Corp — meaning it keeps 10. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ALGN leads at 15. 3% versus 8. 3% for NVST. At the gross margin level — before operating expenses — ALGN leads at 68. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NVST or ALGN more undervalued right now?
On forward earnings alone, Align Technology, Inc.
(ALGN) trades at 14. 9x forward P/E versus 17. 2x for Envista Holdings Corp — 2. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ALGN: 20. 9% to $203. 60.
08Which pays a better dividend — NVST or ALGN?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is NVST or ALGN better for a retirement portfolio?
For long-horizon retirement investors, Align Technology, Inc.
(ALGN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+122. 8% 10Y return). Envista Holdings Corp (NVST) carries a higher beta of 1. 65 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ALGN: +122. 8%, NVST: -13. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NVST and ALGN?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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