Enovix Corporation

ENVX Industrials Electrical Equipment & Parts

Enovix Corporation’s revenue for fiscal 2025 (year ended December 2025) was $31.8 million, up 37.9% from fiscal 2024. In the quarter to June 2026, revenue grew 20.8%, EPS grew 9.09%, free cash flow grew 7.17% and total debt rose 195.6%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

2.49 0.19 −7.09%
Market cap
$588.1M
P/E
0.0×
Fwd P/E
−9.4×
Dividend yield
—
F-score
5/9
Altman Z
−0.03
Beneish M
−3.40
Dividend safety
n/a

Insider Decisions trades per month

Total sells 0.02
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — 1 — — — — — — — — —
Insider Ownership 13.11%

Capital & Financial Ratios $m

Market Cap 588.12
Revenue 35.88
Net Income (170.14)
Free Cash Flow (124.20)
Net Debt 55.81
Current Ratio 9.71 (at or above 1.5: strong)
Debt/Equity 2.51 (above 2: weak)
P/E ratio 0.00
Fwd P/E (9.42) (negative: loss-making)
P/S ratio 15.16 (above 10: high)
P/B ratio 2.57
Past 5Y EPS Growth —
This Y EPS Growth (4.44%) (below 0%: weak)
Next Y EPS Growth (4.52%) (below 0%: weak)
Next Y revenue growth 22.87% (at or above 10%: strong)
Next 5Y EPS Growth 27.53% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 0.34%
10-year low 10-year high
P/B against its own 10 years 0.21%
10-year low 10-year high
EV/Sales against its own 10 years 0.34%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 307 273 512 476
Receivables 1 5 4 3
Inventory 9 8 14 18
Other — — — —
323 295 542 506
2023 2024 2025 Q'26
Payables 21 9 18 12
ST’ Debt 6 9 10 11
Other 2 3 12 7
61 54 65 52

Compound Annual Growth %

10y 5y 3y
Sales — — 72.48%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 49.89% (8.39%)

Revenue $m

Mar Jun Sep Dec Year
’26 8 9 — — —
’25 5 7 8 11 32
’24 5 4 4 10 23
’23 0 0 0 7 8
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (33) (22) — — —
’25 (17) (26) (26) (27) (95)
’24 (35) (27) (31) (16) (109)
’23 (26) (24) (28) (27) (105)
’22 (20) (21) (21) (22) (83)
’21 (9) (7) (19) (17) (51)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (36) (31) — — —
’25 (23) (34) (28) (28) (114)
’24 (50) (52) (50) (32) (185)
’23 (29) (36) (45) (56) (166)
’22 (30) (25) (37) (27) (119)
’21 (16) (20) (30) (29) (95)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.18) (0.20) — — —
’25 (0.12) (0.22) (0.27) (0.16) (0.75)
’24 (0.28) (0.67) (0.12) (0.20) (1.27)
’23 (0.47) (0.41) (0.10) (0.36) (1.38)
’22 0.28 (0.01) (0.53) (0.07) (0.33)
’21 (0.17) (0.15) (0.08) (0.60) (1.07)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 11.65 7.26 6.50 5.70 5.27

Analyst estimates 2026–2028

Powerpack
High — — — — — 39.48 28.17 23.90 18.68 16.49
People
People Employees — — — — — 215 335 560 570 664
Revenue/emp, $m — — — — — 0.00 0.02 0.01 0.04 0.05
Income, $m
Income, $m Revenue — — — — — — 6 8 23 32
Gross margin, % — — — — 0.00 0.00 (274.70) (724.97) (8.86) 19.19
EBT — — — — (40) (126) (52) (215) (224) (158)
EBT margin, % — — — — 0.00 0.00 (832.34) (2,809.59) (970.47) (496.27)
Net income — 0 — — (40) (126) (52) (214) (223) (157)
Depreciation — — — — 1 2 8 34 45 35
Per share, $
Per share, $ Revenue — — — — 0.00 0.00 0.04 0.05 0.12 0.15
Earnings — — — — (0.49) (1.07) (0.34) (1.35) (1.27) (0.75)
Cash flow — — — — (0.25) (0.44) (0.54) (0.62) (0.58) (0.46)
Capex — — — — (0.34) (0.37) (0.24) (0.37) (0.41) (0.09)
Free cash flow — — — — (0.58) (0.81) (0.78) (0.98) (0.99) (0.55)
Book value — — — — 0.45 2.78 2.33 1.54 1.34 1.32
Shares, m — — — — 80 117 153 169 186 208
Valuation, ×
Valuation, × P/E — — — — — — 0.00 0.00 0.00 0.00
P/S — — — — — — 0.00 270.27 87.64 47.70
P/B — — — — — — 5.20 7.91 8.11 5.54
EV/Sales — — — — — — 0.00 253.03 83.59 48.24
EV/FCF — — — — — — (13.06) (11.62) (10.44) (13.52)
Cash, $m
Cash, $m Operating cash flow — — — — (20) (51) (83) (105) (109) (95)
Capex — — — — (27) (44) (36) (62) (76) (18)
Free cash flow — — — — (47) (95) (119) (166) (185) (114)
Balance, $m
Balance, $m Working capital — — — — 22 377 307 262 241 477
Total debt — — — — — 9 8 175 179 529
Net debt — — — — (29) (376) (315) (132) (94) 17
Shareholders’ equity — — — — 36 326 356 261 249 274
Returns, %
Returns, % ROA — — — — (122.07) (45.98) (11.18) (42.61) (40.72) (22.29)
ROIC — — — — (207.92) 0.00 (197.29) (111.30) (97.34) (38.06)
ROE — — — — (21.89) (69.48) (15.13) (69.33) (87.07) (59.89)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Enovix Corporation vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AMPX Amprius Technologies, Inc. $1.2B — (loss-making) — (loss-making) +125.87% (above 0%: growing) n/m +6.24% (above 0%: growing) 27.27% (12.63%) Compare
FCEL FuelCell Energy, Inc. $1.1B — (loss-making) — (loss-making) −29.40% (below 0%: shrinking) n/m +45.78% (above 0%: growing) (74.25%) (141.39%) Compare
TE T1 Energy Inc $877.5M — (loss-making) — (loss-making) +88.40% (above 0%: growing) n/m −1,334.38% (below 0%: shrinking) 19.63% (9.11%) Compare
EOSE Eos Energy Enterprises, Inc. $786.6M — (loss-making) 2.3× +351.40% (above 0%: growing) n/m −46.84% (below 0%: shrinking) (70.96%) (121.86%) Compare
ADSE ADS-TEC Energy PLC $751.9M — (loss-making) 12.6× — n/m −62.65% (below 0%: shrinking) (1.39%) 0.00% Compare
KE Kimball Electronics, Inc. $635.8M 22.7× 23.3× −2.34% (below 0%: shrinking) +29.63% (above 0%: growing) −50.46% (below 0%: shrinking) 8.87% 7.83% Compare
ENVX Enovix Corporation $588.1M — (loss-making) — (loss-making) +20.84% (above 0%: growing) n/m +7.17% (above 0%: growing) 14.43% (479.79%)
HYLN Hyliion Holdings Corp. $585.8M — (loss-making) — (loss-making) +226.34% (above 0%: growing) n/m +48.39% (above 0%: growing) 7.40% (309.43%) Compare
FAC Factorial Energy Inc. $515.9M 50.5× — — n/m +11.54% (above 0%: growing) — 0.00% Compare
Median of peers $769.2M — 12.6× +107.14% — −20.30% 7.40% (10.87%)

All 52 Electrical Equipment & Parts stocks →

Enovix Corporation (ENVX) key facts

  • Strength: Enovix Corporation’s revenue for fiscal 2025 (year ended December 2025) was $31.8 million, up 37.9% from fiscal 2024.
  • Enovix Corporation (ENVX) is an Electrical Equipment & Parts company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, ENVX traded at $2.49, a market capitalization of $588.1 million.
  • Return on equity was −59.9% and debt-to-equity 2.51.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −0.03 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Enovix Corporation (ENVX) Latest News

13 Oct

13 May

21 Apr

Impact 4 · transcript
Impact 4 · transcript
stockrow.com/ENVX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com