ENVIRI CORP Financials
ENVIRI CORP (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).
Shrinking equity and heavy interest costs are turning a cash-generating industrial business into a highly leveraged one.
The sharp move in leverage came more from equity erosion than a dramatic debt build: debt-to-equity climbed from 2.7x to 6.0x as repeated losses kept shrinking the equity cushion. That matters because FY2025 interest expense of$111M sat far above operating income of$4.2M , so the capital structure, not just operating performance, is driving the deeper net loss.
Despite weaker earnings, operating cash flow held near
What hurt earnings was not only softer demand but also cost absorption: revenue slipped 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 CORP'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 CORP 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 39/100, indicating healthy but not exceptional operating efficiency. This is down from 1.3% the prior year.
ENVIRI CORP's revenue declined 4.4% year-over-year, from $2.3B to $2.2B. This contraction results in a growth score of 23/100.
ENVIRI CORP 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 CORP'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 CORP 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 25/100, reflecting heavy capital investment rather than weak cash generation.
ENVIRI CORP 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 39/100. This is down from -33.1% the prior year.
ENVIRI CORP 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 CORP 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 CORP 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 CORP 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 CORP generated $2.2B in revenue in fiscal year 2025. This represents a decrease of 4.4% from the prior year.
ENVIRI CORP's EBITDA was $202.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.7% from the prior year.
ENVIRI CORP reported -$167.6M in net income in fiscal year 2025. This represents a decrease of 29.3% from the prior year.
ENVIRI CORP earned -$2.08 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 28.4% from the prior year.
Cash & Balance Sheet
ENVIRI CORP recorded an outflow of $39.9M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 31.9% from the prior year.
ENVIRI CORP held $103.7M in cash against $1.5B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
ENVIRI CORP's operating margin was 0.2% in fiscal year 2025, reflecting core business profitability. This is down 1.1 percentage points from the prior year.
ENVIRI CORP's net profit margin was -7.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.0 percentage points from the prior year.
ENVIRI CORP's ROE was -65.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 32.6 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
ENVIRI CORP invested $3.0M in research and development in fiscal year 2025. This represents a decrease of 23.0% from the prior year.
ENVIRI CORP invested $141.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 3.4% from the prior year.
Not reported for fiscal year 2025.
NVRI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue | $2.2B-4.4% | $2.3B-1.0% | $2.4B |
| Cost of Revenue | N/A | N/A | $1.6B |
| Gross Profit | N/A | N/A | $732.5M |
| R&D Expenses | $3.0M-23.0% | $4.0M+14.5% | $3.5M |
| SG&A Expenses | $382.0M+6.3% | $359.4M+1.5% | $354.0M |
| Operating Income | $4.2M-86.2% | $30.7M-64.9% | $87.5M |
| Interest Expense | $111.0M-1.1% | $112.2M+4.8% | $107.1M |
| Income Tax | $23.0M+36.5% | $16.8M-51.2% | $34.5M |
| Net Income | -$167.6M-29.3% | -$129.7M-56.3% | -$83.0M |
| EPS (Diluted) | -$2.08-28.4% | -$1.62-55.8% | -$1.04 |
NVRI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Total Assets | $2.7B+2.8% | $2.6B-7.1% | $2.8B |
| Current Assets | $720.7M+1.1% | $712.9M-13.8% | $827.4M |
| Cash & Equivalents | $103.7M+17.3% | $88.4M0.0% | $88.4M |
| Inventory | $180.5M-1.4% | $183.1M-3.3% | $189.4M |
| Accounts Receivable | $267.4M+2.0% | $262.1M-22.5% | $338.2M |
| Goodwill | $758.7M+2.6% | $739.8M-5.3% | $781.0M |
| Total Liabilities | $2.4B+9.4% | $2.2B-3.3% | $2.3B |
| Current Liabilities | $634.0M+11.9% | $566.7M-13.5% | $655.2M |
| Long-Term Debt | $1.5B+8.5% | $1.4B+0.7% | $1.4B |
| Total Equity | $255.1M-34.9% | $391.5M-25.2% | $523.2M |
| Retained Earnings | $1.2B-12.2% | $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.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Operating Cash Flow | $101.4M+29.9% | $78.1M-31.8% | $114.4M |
| Capital Expenditures | $141.3M+3.4% | $136.6M-1.8% | $139.0M |
| Free Cash Flow | -$39.9M+31.9% | -$58.5M-138.1% | -$24.6M |
| Investing Cash Flow | -$149.9M-339.9% | -$34.1M+70.8% | -$116.6M |
| Financing Cash Flow | $80.3M+226.7% | -$63.4M-241.6% | $44.8M |
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.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Gross Margin | N/A | N/A | 31.0% |
| Operating Margin | 0.2%-1.1pp | 1.3%-2.4pp | 3.7% |
| Net Margin | -7.5%-2.0pp | -5.5%-2.0pp | -3.5% |
| Return on Equity | -65.7%-32.6pp | -33.1%-17.3pp | -15.9% |
| Return on Assets | -6.2%-1.3pp | -4.9%-2.0pp | -2.9% |
| Current Ratio | 1.14-0.1x | 1.260.0x | 1.26 |
| Debt-to-Equity | 6.00+2.4x | 3.60+0.9x | 2.68 |
| FCF Margin | -1.8%+0.7pp | -2.5%-1.5pp | -1.0% |
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Where ENVIRI CORP Ranks
Frequently Asked Questions
What is ENVIRI CORP's annual revenue?
ENVIRI CORP (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 CORP's revenue growing?
ENVIRI CORP (NVRI) revenue declined by 4.4% year-over-year, from $2.3B to $2.2B in fiscal year 2025.
Is ENVIRI CORP profitable?
No, ENVIRI CORP (NVRI) reported a net income of -$167.6M in fiscal year 2025, with a net profit margin of -7.5%.
What is ENVIRI CORP's EBITDA?
ENVIRI CORP (NVRI) had EBITDA of $202.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does ENVIRI CORP have?
As of fiscal year 2025, ENVIRI CORP (NVRI) had $103.7M in cash and equivalents against $1.5B in long-term debt.
What is ENVIRI CORP's operating margin?
ENVIRI CORP (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 CORP's net profit margin?
ENVIRI CORP (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 CORP's return on equity (ROE)?
ENVIRI CORP (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 CORP's free cash flow?
ENVIRI CORP (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 CORP's operating cash flow?
ENVIRI CORP (NVRI) generated $101.4M in operating cash flow during fiscal year 2025, 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 2025, including both current and long-term assets.
What are ENVIRI CORP's capital expenditures?
ENVIRI CORP (NVRI) invested $141.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does ENVIRI CORP spend on research and development?
ENVIRI CORP (NVRI) invested $3.0M in research and development during fiscal year 2025.
What is ENVIRI CORP's current ratio?
ENVIRI CORP (NVRI) had a current ratio of 1.14 as of fiscal year 2025, which is considered adequate.
What is ENVIRI CORP's debt-to-equity ratio?
ENVIRI CORP (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 CORP's return on assets (ROA)?
ENVIRI CORP (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 CORP's Altman Z-Score?
ENVIRI CORP (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 CORP's Piotroski F-Score?
ENVIRI CORP (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 CORP's earnings high quality?
ENVIRI CORP (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 CORP cover its interest payments?
ENVIRI CORP (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 CORP?
ENVIRI CORP (NVRI) scores 27 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.