Enovis vs Integer Holdings
Enovis is the larger business, with $2.25bn of revenue in fiscal 2025 against $1.85bn for Integer Holdings (1.2 times as much). Integer Holdings grew faster (8.0% against 6.7%). Integer Holdings kept more of each dollar of sales as profit: a net margin of 5.5% against -52.7%. Integer Holdings carries less debt relative to equity (69.1% against 87.8%).
| Latest fiscal year | EnovisENOV, 2025 | Integer HoldingsITGR, 2025 |
|---|---|---|
| Revenue | $2.25bn | $1.85bn |
| Revenue growth | 6.7% | 8.0% |
| Net income | −$1.18bn | $103m |
| Operating margin | -50.0% | 11.9% |
| Net margin | -52.7% | 5.5% |
| Return on equity | -58.5% | 6.1% |
| Free cash flow | $19.9m | $105m |
| Cash | $36.4m | $17.2m |
| Total debt | $1.31bn | $1.21bn |
| Debt to equity | 87.8% | 69.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $3.5m | $50.0m |
| Employees | — | 11,000 |
| Market value | $1.21bn | $4.31bn |
| Price vs our value range | — | Above our value range |
| Moat score | 48 (Moderate) | 60 (Moderate) |
| Insider trades, 12 months | 18 buys, 4 sales | 3 buys, 5 sales |