NVRI Industrials

Enviri Corporation

$19.03+5.84%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Industrials
Industry: Waste Management
Country: United States
Market cap: 536.5M USD
Enterprise value: 687.0M USD
Full-time employees: 12,000

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #1,992 of 2,308 industrials companies (bottom 14%)

See how it ranks against its peers

Worth knowing

Profit lifted by an asset sale. 2025 operating profit includes a $4M gain on selling assets; without it the operating margin was about 0.0%.
Enviri's 2025 operating profit of $4M includes a one-off $4M gain on selling assets or businesses. Without it, operations would have earned $0M, an operating margin of about 0.0%.
Valuation signals disagree. Cheaper than 42% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 42% of peers on operating cash profit, but only 0% on earnings.
Relative to its operating cash profit (EBITDA), Enviri looks cheaper than 42% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Enviri looks cheaper than 42% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Growing fast, still losing money. Revenue grew faster than 87% of peers, at an operating loss.
Revenue grew faster than 87% of peers, but the business runs at an operating loss (margin -10%).

StockQuotient Score

28/ 100

Oct 5 28 → Nov 4 28

Valuation

Is the price right?

27/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-96.5%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.28Sector median: 0.0377 · MAD: 0.0294

EBITDA yield5.9%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -0.26Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield-65.5%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield119.1%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

44/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

12-month revenue fell 5.3%

Why

Mixed versus peers:

▲ Revenue growth
▼ EPS growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.31Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth-3.6%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -1.25Sector median: 0.0421 · MAD: 0.0625

Revenue growth20.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.10Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

4/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating margin fell 9.3 points to -10.3%

Why

Weaker than most peers on:

▼ ROA
▼ ROIC
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-10.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -3.56Sector median: 0.0773 · MAD: 0.0507

Return on assets-30.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.56Sector median: 0.0311 · MAD: 0.0241

Return on invested capital-22.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin13.8%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity-81.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

2/3 inputs reported · Partial data

Since last quarter: ▲ Stronger

Debt down 75%

Why it changed since the Oct 27, 2026 close: Safety percentile 39 → 38

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Held back by:

▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

BetaUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.6440 · MAD: 0.2745

Current ratio1.43×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.34Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.61×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.63Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Enviri

Is Enviri getting weaker?: Its latest SEC filing (Aug 11, 2026) was mixed: some things better, some worse: operating margin fell 9.3 points to -10.3%; 12-month revenue fell 5.3%. Its overall score is unchanged at 28/100 since Oct 28, 2026.
How is Enviri valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 27/100 against 2,459 industrials peers. Earnings yield -96.5% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -96.5% vs peers 3.8% (weaker than 100% of peers).
Is Enviri growing?: At about the same pace as its peers. Growth scores 44/100 against 2,459 industrials peers. Revenue growth 20.5% vs a peer median of 4.4% (stronger than 87% of peers).Revenue growth 20.5% vs peers 4.4% (stronger than 87% of peers). 3-year revenue growth -3.6% vs a peer median of 4.2% (weaker than 80% of peers).3-year revenue growth -3.6% vs peers 4.2% (weaker than 80% of peers).
How profitable is Enviri?: Less profitable than most of its peers. Profitability scores 4/100 against 2,459 industrials peers. Return on assets -30.0% vs a peer median of 3.1% (weaker than 100% of peers).Return on assets -30.0% vs peers 3.1% (weaker than 100% of peers).
How risky is Enviri?: Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.61× vs a peer median of 0.40× (weaker than 61% of peers).Debt / equity 0.61× vs peers 0.40× (weaker than 61% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 11, 2026 · compared with the quarter ended Mar 31, 2026

Mixed: some things better, some worse

Operating margin fell 9.3 points to -10.3%
12-month revenue fell 5.3%
Debt down 75%

Worth watching: Enviri is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.2B USD	2.1B USD	−5.3%
Net income (12 months)	−169.3M USD	−517.4M USD	+205.7%
Operating margin	-1.1%	-10.3%	−9.3 pts
Free cash flow (12 months)	−37.0M USD	−351.6M USD	+849.2%
Debt	1.6B USD	392.7M USD	−75.3%
Cash	105.7M USD	253.4M USD	+139.8%
Shares outstanding	28.1M	28.2M	+0.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Waste Management companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	19.4%	27.2%	31.0%	—	—	—
Operating margin	4.8%	-4.7%	3.7%	1.3%	0.2%	▼ 1.1 pts
Net margin	-0.2%	-8.4%	-3.5%	-5.5%	-7.5%	▼ 1.9 pts
Return on assets (ROA)	-0.1%	-6.5%	-2.9%	-4.9%	-6.2%	▼ 1.3 pts
Return on equity (ROE)	-0.4%	-31.6%	-15.9%	-33.1%	-65.7%	▼ 33 pts
Free cash flow margin	-4.7%	0.6%	-1.0%	-2.5%	-1.8%	▲ 0.7 pts
Current ratio	1.45×	1.29×	1.26×	1.26×	1.14×	▼ 9.6%
Quick ratio	1.34×	1.15×	0.97×	0.94×	0.85×	▼ 8.9%
Debt to equity	1.84×	2.38×	2.74×	3.68×	6.15×	▲ 67%
Interest coverage	1.40×	-1.31×	0.82×	0.27×	0.04×	▼ 86%

NVRI price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #1,992 of 2,308 industrials companies (bottom 14%)

See how it ranks against its peers

Worth knowing

Profit lifted by an asset sale. 2025 operating profit includes a $4M gain on selling assets; without it the operating margin was about 0.0%.

Enviri's 2025 operating profit of $4M includes a one-off $4M gain on selling assets or businesses. Without it, operations would have earned $0M, an operating margin of about 0.0%.

Valuation signals disagree. Cheaper than 42% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 42% of peers on operating cash profit, but only 0% on earnings.

Relative to its operating cash profit (EBITDA), Enviri looks cheaper than 42% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Enviri looks cheaper than 42% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Growing fast, still losing money. Revenue grew faster than 87% of peers, at an operating loss.

Revenue grew faster than 87% of peers, but the business runs at an operating loss (margin -10%).

Questions investors ask about Enviri

Is Enviri getting weaker?

Its latest SEC filing (Aug 11, 2026) was mixed: some things better, some worse: operating margin fell 9.3 points to -10.3%; 12-month revenue fell 5.3%. Its overall score is unchanged at 28/100 since Oct 28, 2026.

How is Enviri valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 27/100 against 2,459 industrials peers. Earnings yield -96.5% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -96.5% vs peers 3.8% (weaker than 100% of peers).

Is Enviri growing?

At about the same pace as its peers. Growth scores 44/100 against 2,459 industrials peers. Revenue growth 20.5% vs a peer median of 4.4% (stronger than 87% of peers).Revenue growth 20.5% vs peers 4.4% (stronger than 87% of peers). 3-year revenue growth -3.6% vs a peer median of 4.2% (weaker than 80% of peers).3-year revenue growth -3.6% vs peers 4.2% (weaker than 80% of peers).

How profitable is Enviri?

Less profitable than most of its peers. Profitability scores 4/100 against 2,459 industrials peers. Return on assets -30.0% vs a peer median of 3.1% (weaker than 100% of peers).Return on assets -30.0% vs peers 3.1% (weaker than 100% of peers).

How risky is Enviri?

Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.61× vs a peer median of 0.40× (weaker than 61% of peers).Debt / equity 0.61× vs peers 0.40× (weaker than 61% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.2B USD

2.1B USD

−5.3%

Net income (12 months)

−169.3M USD

−517.4M USD

+205.7%

Operating margin

-1.1%

-10.3%

−9.3 pts

Free cash flow (12 months)

−37.0M USD

−351.6M USD

+849.2%

Debt

1.6B USD

392.7M USD

−75.3%

Cash

105.7M USD

253.4M USD

+139.8%

Shares outstanding

28.1M

28.2M

+0.3%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

19.4%

27.2%

31.0%

—

Operating margin

4.8%

-4.7%

3.7%

1.3%

0.2%

▼ 1.1 pts

Net margin

-0.2%

-8.4%

-3.5%

-5.5%

-7.5%

▼ 1.9 pts

Return on assets (ROA)

-0.1%

-6.5%

-2.9%

-4.9%

-6.2%

▼ 1.3 pts

Return on equity (ROE)

-0.4%

-31.6%

-15.9%

-33.1%

-65.7%

▼ 33 pts

Free cash flow margin

-4.7%

0.6%

-1.0%

-2.5%

-1.8%

▲ 0.7 pts

Current ratio

1.45×

1.29×

1.26×

1.14×

▼ 9.6%

Quick ratio

1.34×

1.15×

0.97×

0.94×

0.85×

▼ 8.9%

Debt to equity

1.84×

2.38×

2.74×

3.68×

6.15×

▲ 67%

Interest coverage

1.40×

-1.31×

0.82×

0.27×

0.04×

▼ 86%