NVST vs MMSI

Comparison between Envista Holdings Corp (NVST, Company) and Merit Medical Systems Inc (MMSI, Company).

Both NVST and MMSI are from the Healthcare sector.

5-Year PerformanceMMSI has outperformed NVST, delivering a return of +4.3% compared to -8.2%

NVST vs MMSI - Performance Comparison

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Key Characteristics

Financial metrics and valuation ratios

Metric	NVST(COMPANY)	MMSI(COMPANY)
Market Cap	$4.35B	$4.36B
Max Drawdown	71.00%	68.67%
Sharpe Ratio	0.88	-0.64
5Y Beta	1.26	0.72
Industry	Medical Instruments & Supplies	Medical Instruments & Supplies
P/E Ratio	64.66	31.15
Forward P/E	20.33	18.59
PEG Ratio	N/A	2.53
5Y EPS CAGR	-11.48%	99.24%
Debt to Equity	46.73%	45.19%
Free Cash Flow Yield	5.06%	5.07%
P/S Ratio	1.55	2.75
P/B Ratio	1.38	2.69

Market Cap

NVST

$4.35B

Winner

MMSI

$4.36B

Max Drawdown

NVST

71.00%

Winner

MMSI

68.67%

Sharpe Ratio

Winner

NVST

0.88

MMSI

-0.64

5Y Beta

NVST

1.26

Winner

MMSI

0.72

Industry

NVST

Medical Instruments & Supplies

MMSI

Medical Instruments & Supplies

P/E Ratio

NVST

64.66

Winner

MMSI

31.15

Forward P/E

NVST

20.33

Winner

MMSI

18.59

PEG Ratio

NVST

N/A

MMSI

2.53

5Y EPS CAGR

NVST

-11.48%

Winner

MMSI

99.24%

Debt to Equity

NVST

46.73%

Winner

MMSI

45.19%

Free Cash Flow Yield

NVST

5.06%

Winner

MMSI

5.07%

P/S Ratio

Winner

NVST

1.55

MMSI

2.75

P/B Ratio

Winner

NVST

1.38

MMSI

2.69

NVST vs MMSI - Historical Returns

Returns include dividend reinvestment.

Period	NVST	MMSI
1 month	+7.56%	+13.41%
3 months	-3.95%	+4.31%
6 months	+5.94%	-10.11%
1 year	+35.39%	-12.48%
5 years(CAGR)	-8.17%	+4.30%
10 years(CAGR)	N/A	+13.70%
Max(CAGR)	-0.65%	+15.06%

NVST

+7.56%

Winner

MMSI

+13.41%

NVST

-3.95%

Winner

MMSI

+4.31%

Winner

NVST

+5.94%

MMSI

-10.11%

Winner

NVST

+35.39%

MMSI

-12.48%

5Y(CAGR)

NVST

-8.17%

Winner

MMSI

+4.30%

10Y(CAGR)

NVST

N/A

MMSI

+13.70%

Max(CAGR)

NVST

-0.65%

Winner

MMSI

+15.06%

NVST vs MMSI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NVST	MMSI
2026	+23.28%	-14.41%
2025	+13.61%	-8.25%
2024	-19.96%	+26.63%
2023	-29.15%	+9.14%
2022	-25.41%	+10.65%
2021	+36.75%	+13.77%
2020	+11.80%	+76.45%
2019	+6.05%	-41.32%
2018	N/A	+28.15%
2017	N/A	+64.89%
2016	N/A	+46.73%
2015	N/A	+10.13%
2014	N/A	+14.09%
2013	N/A	+12.27%
2012	N/A	+2.13%
2011	N/A	+4.66%
2010	N/A	-19.85%
2009	N/A	+8.15%
2008	N/A	+26.80%
2007	N/A	-12.58%
2006	N/A	+27.74%
2005	N/A	-18.25%
2004	N/A	-31.45%
2003	N/A	+90.35%
2002	N/A	+35.03%
2001	N/A	+344.76%
2000	N/A	-19.64%
1999	N/A	+19.58%

NVST vs MMSI Drawdown Comparison

The maximum drawdown for NVST was -71.00%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The maximum drawdown for MMSI was -68.67%, occurring on Oct 31, 2019. Recovery took 710 trading sessions.

The current NVST drawdown is -47.47%. The current MMSI drawdown is -32.91%.

Rank	NVST	MMSI
#1	-71.00% Mar 21, 2022 - Apr 8, 2025	-68.67% Oct 3, 2018 - Jul 30, 2021
#2	-64.13% Jan 22, 2020 - Dec 31, 2020	-63.64% Mar 24, 2000 - Jul 27, 2001
#3	-17.04% May 7, 2021 - Dec 23, 2021	-61.24% Jan 5, 2004 - Apr 24, 2015
#4	-11.54% Feb 16, 2022 - Mar 18, 2022	-45.32% Jan 30, 2025 - May 11, 2026
#5	-11.42% Dec 27, 2021 - Feb 10, 2022	-38.69% Jul 28, 2015 - Dec 8, 2016
#6	-11.15% Oct 29, 2019 - Jan 6, 2020	-34.70% Oct 11, 2001 - Jan 3, 2002
#7	-7.58% Sep 20, 2019 - Oct 10, 2019	-30.94% Jan 3, 2002 - Apr 8, 2002
#8	-6.67% Feb 12, 2021 - Mar 12, 2021	-29.43% Sep 2, 2021 - Dec 12, 2022
#9	-5.00% Mar 15, 2021 - Apr 5, 2021	-28.96% Nov 1, 2002 - Jul 24, 2003
#10	-4.39% Apr 7, 2021 - Apr 21, 2021	-26.18% Jun 7, 2023 - Jun 28, 2024
#11	-3.92% Oct 10, 2019 - Oct 15, 2019	-22.85% Jun 27, 2002 - Oct 3, 2002
#12	-3.59% Jan 13, 2020 - Jan 22, 2020	-20.06% Jul 30, 2001 - Aug 13, 2001
#13	-3.52% Jan 20, 2021 - Feb 3, 2021	-20.05% Apr 9, 2002 - Jun 18, 2002
#14	-3.33% Oct 23, 2019 - Oct 29, 2019	-18.94% Oct 5, 2017 - Jan 16, 2018
#15	-3.06% Oct 17, 2019 - Oct 23, 2019	-16.57% Oct 17, 2002 - Oct 30, 2002

Correlation

Correlation between NVST and MMSI is -0.31 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.31

-101