Enovis vs Quidelortho
Quidelortho is the larger business, with $2.73bn of revenue in fiscal 2025 against $2.25bn for Enovis (1.2 times as much). Enovis grew faster (6.7% against -1.9%). Quidelortho kept more of each dollar of sales as profit: a net margin of -41.5% against -52.7%.
| Latest fiscal year | EnovisENOV, 2025 | QuidelorthoQDEL, 2025 |
|---|---|---|
| Revenue | $2.25bn | $2.73bn |
| Revenue growth | 6.7% | -1.9% |
| Net income | −$1.18bn | −$1.13bn |
| Operating margin | -50.0% | — |
| Net margin | -52.7% | -41.5% |
| Return on equity | -58.5% | -46.1% |
| Free cash flow | $19.9m | −$83.0m |
| Cash | $36.4m | $170m |
| Total debt | $1.31bn | $2.70bn |
| Debt to equity | 87.8% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $3.5m | $0 |
| Employees | — | 6,500 |
| Market value | $1.21bn | $943m |
| Price vs our value range | — | — |
| Moat score | 48 (Moderate) | 27 (Weak) |
| Insider trades, 12 months | 18 buys, 4 sales | 9 buys, 1 sales |