Enviri Corporation (NVRI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NVRI SEC filings page.
Enviri Corporation (NVRI) reported $2.2B in revenue for fiscal year 2025, down 4.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Enviri's revenue softened while operating profit nearly disappeared, and heavy reinvestment plus leverage keep a capital-intensive model from building equity.
Operating margin fell from3.7% in FY2023 to0.2% in FY2025, while interest expense remained about$111M ; the shrinking operating surplus is supporting a largely unchanged financing burden. Leverage intensified as profitability weakened, making borrowed capital increasingly central to how the business is financed.
Operating cash flow remained positive at
Debt-to-equity climbed from 2.7x in FY2023 to 6.0x in FY2025. Equity fell by more than half to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Enviri Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Enviri Corporation has an operating margin of 0.2%, meaning the company retains less than $1 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is down from 1.3% the prior year.
Enviri Corporation's revenue declined 4.4% year-over-year, from $2.3B to $2.2B. This contraction results in a growth score of 21/100.
Enviri Corporation has elevated debt relative to equity (D/E of 6.00), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 7/100, reflecting increased financial risk.
Enviri Corporation's current ratio of 1.14 is below the typical benchmark, resulting in a score of 26/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Enviri Corporation generated $101.4M in operating cash flow, capex of $141.3M consumed most of it, leaving -$39.9M in free cash flow. This results in a low score of 21/100, reflecting heavy capital investment rather than weak cash generation.
Enviri Corporation posts a -65.7% return on equity (ROE), meaning it loses $66 for every $100 of shareholders' equity. This results in a returns score of 37/100. This is down from -33.1% the prior year.
Enviri Corporation scores 1.64, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Enviri Corporation passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Enviri Corporation reported a net loss of $167.6M while generating $101.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Enviri Corporation earns $0.04 in operating income for every $1 of interest expense ($4.2M vs $111.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Enviri Corporation generated $187.3M in revenue in Q2 2026. This represents a decrease of 40.7% from the same quarter a year earlier. Against the prior quarter it is down 65.9%.
Enviri Corporation's EBITDA was -$206.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2723.2% from the same quarter a year earlier. Against the prior quarter it is down 548.4%.
Enviri Corporation reported -$396.0M in net income in Q2 2026. This represents a decrease of 728.2% from the same quarter a year earlier. Against the prior quarter it is down 3613.0%.
Enviri Corporation earned -$14.21 per diluted share (EPS) in Q2 2026. This represents a decrease of 698.3% from the same quarter a year earlier.
Cash & Balance Sheet
Enviri Corporation recorded an outflow of $331.6M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 1843.5% from the same quarter a year earlier. Against the prior quarter it is down 2620.0%.
Enviri Corporation held $253.4M in cash against $380.5M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Enviri Corporation's ROE was -62.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 50.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 57.4 percentage points.
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Enviri Corporation invested $654K in research and development in Q2 2026. This represents a decrease of 15.6% from the same quarter a year earlier. Against the prior quarter it is up 40.6%.
Enviri Corporation invested $34.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 11.2% from the same quarter a year earlier. Against the prior quarter it is up 2.8%.
Not reported for Q2 2026.
NVRI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $187.3M-40.7% | $549.8M+0.3% | N/A | $574.8M | $316.0M | $547.9M | $559.2M-6.7% | $599.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $417.6M |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $181.9M |
| R&D Expenses | $654K-15.6% | $465K-0.4% | N/A | $878K | $775K | $467K | $1.3M+24.8% | $1.0M |
| SG&A Expenses | $49.1M-8.8% | $91.5M+2.6% | N/A | $93.3M | $53.8M | $89.1M | $92.6M+0.9% | $91.8M |
| Operating Income | -$244.4M-673.9% | $793K-97.3% | N/A | $16.5M | -$31.6M | $29.3M | -$63.7M-830.4% | -$6.8M |
| EBITDA | -$206.4M-2723.2% | $46.0M-33.9% | N/A | $60.8M | $7.9M | $69.7M | $4.1M-93.2% | $60.5M |
| Interest Expense | $8.2M-5.7% | $27.8M+4.7% | N/A | $28.4M | $8.7M | $26.6M | $27.3M-2.8% | $28.1M |
| Income Tax | $40.5M+4580.4% | -$24.4M-1318.7% | N/A | $1.1M | -$905K | $2.0M | -$14.5M-289.2% | $7.7M |
| Net Income | -$396.0M-728.2% | -$10.7M-18.3% | N/A | -$22.3M | -$47.8M | -$9.0M | -$84.9M-65.9% | -$51.2M |
| EPS (Basic) | -$14.21-698.3% | -$0.13-18.2% | N/A | -$0.28 | -$1.78 | -$0.11 | N/A | N/A |
| EPS (Diluted) | -$14.21-698.3% | -$0.13-18.2% | N/A | -$0.28 | -$1.78 | -$0.11 | N/A | N/A |
| Diluted Shares (Avg) | 28M+3.7% | 82M+2.4% | N/A | 81M | 27M | 80M | N/A | N/A |
NVRI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B | $2.7B | $2.7B+4.1% | $2.8B | N/A | N/A | $2.6B-7.1% | $2.8B |
| Current Assets | $790.9M | $722.1M | $720.9M+1.1% | $769.2M | N/A | N/A | $712.9M-13.8% | $827.4M |
| Cash & Equivalents | $253.4M+123.2% | $105.7M+3.1% | $103.5M+17.1% | $115.4M | $113.5M | $102.5M | $88.4M0.0% | $88.4M |
| Short-Term Investments | $0 | $0 | $0 | N/A | $0 | $0 | N/A | N/A |
| Inventory | $134.1M | $173.3M | $171.7M-6.2% | $195.4M | N/A | N/A | $183.1M-3.3% | $189.4M |
| Accounts Receivable | $249.7M | $285.5M | $267.4M+2.0% | $281.1M | N/A | N/A | $262.1M-22.5% | $338.2M |
| Long-Term Investments | $0 | $0 | $0 | N/A | $0 | $0 | N/A | N/A |
| Goodwill | $374.6M | $753.9M | $379.4M-48.7% | $757.5M | N/A | N/A | $739.8M-5.3% | $781.0M |
| Total Liabilities | $1.0B | $2.4B | $2.4B+11.0% | $2.4B | N/A | N/A | $2.2B-3.3% | $2.3B |
| Current Liabilities | $551.2M | $640.7M | $634.2M+11.9% | $639.4M | N/A | N/A | $566.7M-13.5% | $655.2M |
| Non-Current Liabilities | $488.9M | $1.8B | $1.8B+10.7% | $1.8B | N/A | N/A | $1.6B+0.9% | $1.6B |
| Long-Term Debt | $380.5M | $1.6B | $1.5B+4.9% | $1.5B | N/A | N/A | $1.4B+0.7% | $1.4B |
| Total Equity | $639.1M+59.6% | $233.2M-46.1% | $255.1M-34.9% | $361.1M | $400.4M | $432.5M | $391.5M-25.2% | $523.2M |
| Retained Earnings | $1.1B | $1.2B | $1.2B-12.2% | $1.3B | N/A | N/A | $1.4B-9.8% | $1.5B |
NVRI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$296.9M-1451.4% | $21.5M+226.3% | N/A | $34.4M | $22.0M | $6.6M | $36.3M-46.8% | $68.3M |
| Depreciation & Amortization | $38.0M-3.7% | $45.2M+12.0% | N/A | $44.3M | $39.5M | $40.4M | $67.8M+0.8% | $67.3M |
| Stock-Based Compensation | N/A | $2.3M-42.4% | N/A | N/A | N/A | $4.0M | N/A | N/A |
| Capital Expenditures | $34.7M-11.2% | $33.7M+56.0% | N/A | $31.8M | $39.0M | $21.6M | $34.5M-24.0% | $45.4M |
| Free Cash Flow | -$331.6M-1843.5% | -$12.2M+18.9% | N/A | $2.7M | -$17.1M | -$15.0M | $1.8M-92.2% | $22.9M |
| Investing Cash Flow | $1.7B+4001.7% | -$30.7M-66.2% | N/A | -$29.8M | -$42.8M | -$18.4M | -$11.8M+69.1% | -$38.3M |
| Financing Cash Flow | -$1.2B-4355.7% | $8.1M-69.2% | N/A | $12.4M | $28.0M | $26.1M | -$41.0M-692.3% | -$5.2M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
NVRI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 30.3% |
| Operating Margin | -130.5% | 0.1%-5.2pp | N/A | 2.9% | -10.0% | 5.3% | -11.4%-10.3pp | -1.1% |
| Net Margin | -211.4% | -1.9%-0.3pp | N/A | -3.9% | -15.1% | -1.6% | -15.2%-6.7pp | -8.5% |
| Return on Equity | -62.0%-50.0pp | -4.6%-2.5pp | N/A | -6.2% | -11.9% | -2.1% | -21.7%-11.9pp | -9.8% |
| Return on Assets | -23.0% | -0.4% | N/A | -0.8% | N/A | N/A | -3.2%-1.4pp | -1.8% |
| Current Ratio | 1.43 | 1.13 | 1.14-0.1x | 1.20 | N/A | N/A | 1.260.0x | 1.26 |
| Debt-to-Equity | 0.60 | 6.68 | 5.80+2.2x | 4.15 | N/A | N/A | 3.60+0.9x | 2.68 |
| Asset Turnover | 0.11 | 0.20 | N/A | 0.21 | N/A | N/A | 0.210.0x | 0.21 |
| FCF Margin | -177.0% | -2.2%+0.5pp | N/A | 0.5% | -5.4% | -2.7% | 0.3%-3.5pp | 3.8% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Enviri Corporation NVRI | FY2025 | $2.2B | -$167.6M | -7.5% | $569.7M | 25/100 |
| Montrose Environmental Group, Inc. MEG | FY2025 | $830.5M | -$843K | -0.1% | $800.8M | 41/100 |
| Perma-Fix Environmental Services, Inc. PESI | FY2025 | $61.7M | -$13.8M | -22.4% | $330.2M | 24/100 |
| Casella Waste Systems Inc CWST | FY2025 | $1.8B | $7.9M | 0.4% | $5.3B | 47/100 |
| American Battery Technology Company ABAT | FY2026 | $21.7M | -$73.4M | N/A | $312.2M | 57/100 |
| ESGL Holdings Limited ESGL | FY2024 | $6.1M | -$633K | -10.4% | $136.9M | 12/100 |
Where Enviri Corporation Ranks
Frequently Asked Questions
What is Enviri Corporation's annual revenue?
Enviri Corporation (NVRI) reported $2.2B in total revenue for fiscal year 2025. This represents a -4.4% 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 Corporation's revenue growing?
Enviri Corporation (NVRI) revenue declined by 4.4% year-over-year, from $2.3B to $2.2B in fiscal year 2025.
Is Enviri Corporation profitable?
No, Enviri Corporation (NVRI) reported a net income of -$167.6M in fiscal year 2025, with a net profit margin of -7.5%.
What is Enviri Corporation's EBITDA?
Enviri Corporation (NVRI) had EBITDA of $202.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Enviri Corporation have?
As of fiscal year 2025, Enviri Corporation (NVRI) had $103.7M in cash and equivalents against $1.5B in long-term debt.
What is Enviri Corporation's operating margin?
Enviri Corporation (NVRI) had an operating margin of 0.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Enviri Corporation's net profit margin?
Enviri Corporation (NVRI) had a net profit margin of -7.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Enviri Corporation's return on equity (ROE)?
Enviri Corporation (NVRI) has a return on equity of -65.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Enviri Corporation's free cash flow?
Enviri Corporation (NVRI) recorded an outflow of $39.9M in free cash flow during fiscal year 2025. This represents a 31.9% 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 Corporation's operating cash flow?
Enviri Corporation (NVRI) generated $101.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Enviri Corporation's total assets?
Enviri Corporation (NVRI) had $2.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Enviri Corporation's capital expenditures?
Enviri Corporation (NVRI) invested $141.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Enviri Corporation spend on research and development?
Enviri Corporation (NVRI) invested $3.0M in research and development during fiscal year 2025.
What is Enviri Corporation's current ratio?
Enviri Corporation (NVRI) had a current ratio of 1.14 as of fiscal year 2025, which is considered adequate.
What is Enviri Corporation's debt-to-equity ratio?
Enviri Corporation (NVRI) had a debt-to-equity ratio of 6.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Enviri Corporation's return on assets (ROA)?
Enviri Corporation (NVRI) had a return on assets of -6.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Enviri Corporation's P/E ratio?
Enviri Corporation (NVRI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $569.7M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Enviri Corporation's price-to-sales ratio?
Enviri Corporation (NVRI) trades at 0.3x sales, its market capitalization divided by revenue of $2.2B revenue, FY2025. The market capitalization is $569.7M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Enviri Corporation's Altman Z-Score?
Enviri Corporation (NVRI) has an Altman Z-Score of 1.64, placing it in the Distress Zone (elevated bankruptcy 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 Corporation's Piotroski F-Score?
Enviri Corporation (NVRI) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Enviri Corporation's earnings high quality?
Enviri Corporation (NVRI) reported a net loss of $167.6M while generating $101.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 Corporation cover its interest payments?
Enviri Corporation (NVRI) has an interest coverage ratio of 0.04x, 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 Corporation?
Enviri Corporation (NVRI) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.