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How Enovis (ENOV) makes money

Enovis (ENOV) made $559M of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Prevention & Recovery brought in $285M (51%); Reconstructive brought in $273M (49%). Of every dollar of revenue, 61¢ was left as gross profit, 1¢ was left as operating profit, 1¢ was left as net earnings.

Drawing the Sankey…

Enovis revenue by segment, Q3 2026Enovis revenue by segment, Q3 2026Prevention & Recovery$285MReconstructive$273M
Enovis: revenue by line, Q1 2026 to Q3 2026Enovis: revenue by line, Q1 2026 to Q3 2026ReconstructivePrevention & RecoveryReconstructive: $273M latest$273MPrevention & Recovery: $285M latest$285MQ1 2026Q2 2026Q3 2026
Reconstructive went from 54% of revenue in Q1 2026 to 49% in Q3 2026, the largest shift in the mix.
Enovis revenue by quarterEnovis revenue by quarter$559MQ1 2025$565MQ2 2025$549MQ3 2025$576MQ4 2025$589MQ1 2026$583MQ2 2026$559MQ3 2026
Enovis: where each dollar of revenue goesEnovis: where each dollar of revenue goesCost of revenue39¢Gross profit61¢Operating expenses60¢Operating profit1¢Net earnings1¢Operating cash flow13¢Free cash flow6¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Prevention & Recovery$285M51.1%-1%-2%
Reconstructive$273M48.9%-7%+6%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$559M100.0%
Cost of revenue$219M39.2%
Gross profit$340M60.8%
Operating expenses$336M60.2%
Operating profit$3.4M0.6%
Net earnings$3.4M0.6%
Operating cash flow$71.5M12.8%
Free cash flow$35.0M6.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$559M+2%
Q2 2026$583M+3%
Q1 2026$589M+5%
Q4 2025$576M+3%
Q3 2025$549M+9%
Q2 2025$565M+8%
Q1 2025$559M+8%

From Enovis' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Enovis make money?

Enovis (ENOV) made $559M of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Prevention & Recovery brought in $285M (51%); Reconstructive brought in $273M (49%). Of every dollar of revenue, 61¢ was left as gross profit, 1¢ was left as operating profit, 1¢ was left as net earnings.

What is Enovis' biggest business?

Prevention & Recovery: $285M in the third quarter 2026, 51% of revenue, -2% from a year earlier.

What is Enovis' profit margin?

Net earnings were $3.4M, 0.6% of revenue, in the third quarter 2026; the operating margin was 0.6%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.