Envista Holdings Corp (NVST)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,118,600 | -1,337,200 | -1,323,900 | -120,400 | -100,200 | 190,700 | 216,800 | 212,000 | 243,100 | 255,400 | 300,700 | 343,700 | 340,500 | 363,100 | 305,800 | 122,200 | 33,300 | -19,000 |
| Total stockholders’ equity | US$ in thousands | 2,934,800 | 3,072,500 | 2,976,700 | 4,140,300 | 4,173,900 | 4,293,200 | 4,311,000 | 4,279,000 | 4,206,900 | 3,957,900 | 4,016,000 | 4,030,900 | 4,057,600 | 3,946,700 | 3,868,500 | 3,746,900 | 3,720,600 | 3,557,600 |
| ROE | -38.12% | -43.52% | -44.48% | -2.91% | -2.40% | 4.44% | 5.03% | 4.95% | 5.78% | 6.45% | 7.49% | 8.53% | 8.39% | 9.20% | 7.90% | 3.26% | 0.90% | -0.53% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-1,118,600K ÷ $2,934,800K
= -38.12%
Envista Holdings Corp's return on equity (ROE) has fluctuated significantly over the period from September 30, 2020, to December 31, 2024. The ROE started at a negative level of -0.53% in September 2020 but gradually improved to reach 9.20% by September 30, 2021. However, the ROE began to decline after reaching its peak, ending the year at 8.39% on December 31, 2021.
In the following quarters, the ROE continued to decrease before stabilizing at around 5-7% for most of 2022 and the first half of 2023. Notably, there was a significant drop in ROE to -44.48% on June 30, 2024, and it further deteriorated to -38.12% by December 31, 2024.
The negative ROE figures towards the end of 2024 indicate that Envista Holdings Corp may be experiencing operational challenges or facing financial difficulties that are impacting its profitability and shareholder value. It is important for the company to address these issues and implement strategic measures to improve its ROE and overall financial performance.
Peer comparison
Dec 31, 2024