Enviri Corp Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Enviri Corp has an operating margin of 1.4%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 7/100, suggesting thin profitability after operating expenses. This is down from 3.4% the prior year.
Enviri Corp's revenue declined 1% year-over-year, from $2.4B to $2.3B. This contraction results in a growth score of 26/100.
Enviri Corp has elevated debt relative to equity (D/E of 3.43), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Enviri Corp's current ratio of 1.25 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.
While Enviri Corp generated $78.1M in operating cash flow, capex of $136.6M consumed most of it, leaving -$58.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Enviri Corp scores 2.14, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Enviri Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Enviri Corp generates $-0.61 in operating cash flow ($78.1M OCF vs -$128.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Enviri Corp earns $0.3 in operating income for every $1 of interest expense ($31.7M vs $112.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Enviri Corp (NVRI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Enviri Corp generated $2.3B in revenue in fiscal year 2024. This represents a decrease of 1.0% from the prior year.
Enviri Corp's EBITDA was $220.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.9% from the prior year.
Enviri Corp generated -$58.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 138.1% from the prior year.
Enviri Corp reported -$128.0M in net income in fiscal year 2024. This represents a decrease of 48.6% from the prior year.
Enviri Corp earned $-1.60 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 48.1% from the prior year.
Enviri Corp held $88.4M in cash against $1.4B in long-term debt as of fiscal year 2024.
Enviri Corp had 80M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.
Enviri Corp's operating margin was 1.4% in fiscal year 2024, reflecting core business profitability. This is down 2.0 percentage points from the prior year.
Enviri Corp's net profit margin was -5.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.8 percentage points from the prior year.
Enviri Corp invested $4.0M in research and development in fiscal year 2024. This represents an increase of 14.5% from the prior year.
Enviri Corp invested $136.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 1.8% from the prior year.
NVRI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $574.8M+2.2% | $562.3M+2.5% | $548.3M-1.9% | $558.7M-8.4% | $610.0M+1.6% | $600.3M+0.2% | $599.3M+0.4% | $597.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $417.6M+2.2% | $408.7M |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | $181.7M-3.5% | $188.2M |
| R&D Expenses | $878K-11.8% | $995K+113.1% | $467K-63.2% | $1.3M+34.6% | $943K+9.5% | $861K-15.3% | $1.0M+12.7% | $902K |
| SG&A Expenses | $93.3M-2.3% | $95.5M+7.2% | $89.1M-3.8% | $92.6M+2.4% | $90.5M+3.8% | $87.1M-5.1% | $91.8M-1.8% | $93.5M |
| Operating Income | $16.5M+329.2% | -$7.2M-123.5% | $30.7M+148.9% | -$62.7M-300.6% | $31.3M+21.1% | $25.8M+279.0% | -$14.4M-150.2% | $28.8M |
| Interest Expense | $28.4M+2.7% | $27.6M+3.9% | $26.6M-2.8% | $27.3M-2.1% | $27.9M-0.7% | $28.1M0.0% | $28.1M+2.1% | $27.6M |
| Income Tax | $1.1M-70.5% | $3.6M-54.6% | $7.9M+155.5% | -$14.3M-242.8% | $10.0M+26.6% | $7.9M+96.9% | $4.0M+14.9% | $3.5M |
| Net Income | -$22.3M+53.1% | -$47.6M-255.4% | -$13.4M+83.9% | -$83.2M-512.0% | -$13.6M+24.3% | -$18.0M+67.0% | -$54.4M-403.2% | -$10.8M |
| EPS (Diluted) | $-0.28+52.5% | $-0.59-247.1% | $-0.17+83.8% | $-1.05-517.6% | $-0.17+22.7% | $-0.22+67.6% | $-0.68-385.7% | $-0.14 |
NVRI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.8B+0.8% | $2.8B+3.0% | $2.7B+1.5% | $2.7B-4.3% | $2.8B-0.8% | $2.8B-2.3% | $2.9B+0.6% | $2.8B |
| Current Assets | $769.2M+2.9% | $747.9M+2.8% | $727.2M+2.4% | $710.5M-9.3% | $783.2M-0.1% | $783.6M-5.3% | $827.4M-0.5% | $831.4M |
| Cash & Equivalents | $115.4M+18.0% | $97.8M-4.6% | $102.5M+16.0% | $88.4M-15.1% | $104.0M+0.2% | $103.9M-14.3% | $121.2M+26.8% | $95.6M |
| Inventory | $195.4M-0.2% | $195.8M+1.3% | $193.2M+6.1% | $182.0M-3.4% | $188.5M-0.9% | $190.3M+0.5% | $189.4M+123.9% | $84.6M |
| Accounts Receivable | $281.1M-2.2% | $287.3M+2.2% | $281.0M+7.8% | $260.7M-16.8% | $313.2M+1.6% | $308.2M-8.9% | $338.2M+17.4% | $288.0M |
| Goodwill | $757.5M-0.3% | $760.1M+1.7% | $747.3M+1.0% | $739.8M-4.0% | $770.9M-0.1% | $771.4M-1.2% | $781.0M+2.9% | $759.0M |
| Total Liabilities | $2.4B+1.6% | $2.4B+5.0% | $2.2B+1.8% | $2.2B-1.8% | $2.2B-0.2% | $2.2B-1.5% | $2.3B+2.5% | $2.2B |
| Current Liabilities | $639.4M+2.1% | $626.1M+10.1% | $568.8M+0.4% | $566.4M-4.6% | $593.9M+2.8% | $577.8M-11.8% | $655.2M+10.5% | $592.9M |
| Long-Term Debt | $1.5B+1.2% | $1.5B+2.8% | $1.4B+2.2% | $1.4B-0.5% | $1.4B-1.9% | $1.4B+3.1% | $1.4B+0.1% | $1.4B |
| Total Equity | $361.1M-4.0% | $376.3M-8.0% | $409.0M-0.6% | $411.4M-15.3% | $485.7M-3.0% | $500.9M-4.2% | $523.2M-7.2% | $563.7M |
| Retained Earnings | $1.3B-1.7% | $1.3B-3.4% | $1.4B-1.0% | $1.4B-6.4% | $1.5B-0.9% | $1.5B-1.2% | $1.5B-3.4% | $1.6B |
NVRI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $34.4M+56.7% | $22.0M+232.9% | $6.6M-81.8% | $36.3M-7.0% | $39.0M+2795.8% | $1.3M-98.0% | $68.3M+279.7% | $18.0M |
| Capital Expenditures | $31.8M-18.6% | $39.0M+80.5% | $21.6M-37.3% | $34.5M+2.6% | $33.6M+25.1% | $26.9M-40.8% | $45.4M+66.3% | $27.3M |
| Free Cash Flow | $2.7M+115.7% | -$17.1M-13.6% | -$15.0M-937.0% | $1.8M-66.7% | $5.4M+121.1% | -$25.5M-211.6% | $22.9M+345.8% | -$9.3M |
| Investing Cash Flow | -$29.8M+30.4% | -$42.8M-132.0% | -$18.4M-55.9% | -$11.8M-394.3% | $4.0M+117.3% | -$23.2M+39.3% | -$38.3M-75.0% | -$21.9M |
| Financing Cash Flow | $12.4M-55.7% | $28.0M+7.2% | $26.1M+163.7% | -$41.0M+1.0% | -$41.4M-419.8% | $12.9M+350.2% | -$5.2M-133.0% | $15.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NVRI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | 30.3%-1.2pp | 31.5% |
| Operating Margin | 2.9%+4.2pp | -1.3%-6.9pp | 5.6%+16.8pp | -11.2%-16.3pp | 5.1%+0.8pp | 4.3%+6.7pp | -2.4%-7.2pp | 4.8% |
| Net Margin | -3.9%+4.6pp | -8.5%-6.0pp | -2.4%+12.5pp | -14.9%-12.7pp | -2.2%+0.8pp | -3.0%+6.1pp | -9.1%-7.3pp | -1.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -0.8%+0.9pp | -1.7%-1.2pp | -0.5%+2.6pp | -3.1%-2.6pp | -0.5%+0.2pp | -0.6%+1.3pp | -1.9%-1.5pp | -0.4% |
| Current Ratio | 1.200.0 | 1.19-0.1 | 1.28+0.0 | 1.25-0.1 | 1.32-0.0 | 1.36+0.1 | 1.26-0.1 | 1.40 |
| Debt-to-Equity | 4.15+0.2 | 3.94+0.4 | 3.53+0.1 | 3.43+0.5 | 2.92+0.0 | 2.88+0.2 | 2.68+0.2 | 2.48 |
| FCF Margin | 0.5%+3.5pp | -3.0%-0.3pp | -2.7%-3.1pp | 0.3%-0.6pp | 0.9%+5.1pp | -4.3%-8.1pp | 3.8%+5.4pp | -1.6% |
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Frequently Asked Questions
What is Enviri Corp's annual revenue?
Enviri Corp (NVRI) reported $2.3B in total revenue for fiscal year 2024. This represents a -1.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Enviri Corp's revenue growing?
Enviri Corp (NVRI) revenue declined by 1% year-over-year, from $2.4B to $2.3B in fiscal year 2024.
Is Enviri Corp profitable?
No, Enviri Corp (NVRI) reported a net income of -$128.0M in fiscal year 2024, with a net profit margin of -5.5%.
What is Enviri Corp's earnings per share (EPS)?
Enviri Corp (NVRI) reported diluted earnings per share of $-1.60 for fiscal year 2024. This represents a -48.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Enviri Corp's EBITDA?
Enviri Corp (NVRI) had EBITDA of $220.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Enviri Corp have?
As of fiscal year 2024, Enviri Corp (NVRI) had $88.4M in cash and equivalents against $1.4B in long-term debt.
What is Enviri Corp's operating margin?
Enviri Corp (NVRI) had an operating margin of 1.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Enviri Corp's net profit margin?
Enviri Corp (NVRI) had a net profit margin of -5.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Enviri Corp's free cash flow?
Enviri Corp (NVRI) generated -$58.5M in free cash flow during fiscal year 2024. This represents a -138.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Enviri Corp's operating cash flow?
Enviri Corp (NVRI) generated $78.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Enviri Corp's total assets?
Enviri Corp (NVRI) had $2.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Enviri Corp's capital expenditures?
Enviri Corp (NVRI) invested $136.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Enviri Corp spend on research and development?
Enviri Corp (NVRI) invested $4.0M in research and development during fiscal year 2024.
How many shares does Enviri Corp have outstanding?
Enviri Corp (NVRI) had 80M shares outstanding as of fiscal year 2024.
What is Enviri Corp's current ratio?
Enviri Corp (NVRI) had a current ratio of 1.25 as of fiscal year 2024, which is considered adequate.
What is Enviri Corp's debt-to-equity ratio?
Enviri Corp (NVRI) had a debt-to-equity ratio of 3.43 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Enviri Corp's return on assets (ROA)?
Enviri Corp (NVRI) had a return on assets of -4.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Enviri Corp's Altman Z-Score?
Enviri Corp (NVRI) has an Altman Z-Score of 2.14, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Enviri Corp's Piotroski F-Score?
Enviri Corp (NVRI) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Enviri Corp's earnings high quality?
Enviri Corp (NVRI) has an earnings quality ratio of -0.61x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Enviri Corp cover its interest payments?
Enviri Corp (NVRI) has an interest coverage ratio of 0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Enviri Corp?
Enviri Corp (NVRI) scores 13 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.