Enovix Corporation ENVX R2K
Industrials · Electrical Equipment & Parts · United States
Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers. The company was founded in 2006 and is headquartered in Fremont, California.
READ MORE ›$7.98
+4.72% 1Y
Market & Price
Market Cap
$1.74B
Current Price
$7.98
High / Low (52W)
$15.93 / $4.84
Beta
2.23
Valuation
Stock P/E
-
Industry PE
28.38
Forward P/E
-
PEG Ratio
-
Book Value
$1.13
Price to Book
7.04
P/S
50.72
EV/EBITDA
-12.09
Dividend Yield
-
Profitability & Returns
ROCE
-16.75%
ROE
-71.31%
ROA
-16.68%
Profit Margin
0.00%
Op Margin
-
EPS (Latest Qtr)
$-0.18
EPS (TTM)
$-0.81
Balance Sheet & Liquidity
Debt/Equity
2.24
Quick Ratio
10.47
Current Ratio
10.97
Debt
$543.79M
Total Assets
$878.98M
Current Assets
$542.21M
Working Capital
$477.19M
Ownership
Promoter Holding
11.32%
Chg in Prom Hold
-
FII / Inst Holding
50.79%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$1.71B
Total Revenue (TTM)
$34.32M
EBITDA
$-141.86M
Free Cash Flow
$-72.12M
Operating Cash Flow
$-111.46M
Shares Outstanding
218.15M
Gross Margin
21.55%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
72.48%
Profit 5Y
-67.88%
Revenue (YoY)
49.10%
Earnings (YoY)
-
PROS
- Compounding revenue at 72.5% over 5 years.
CONS
- Earnings shrank at -67.9% CAGR over 5 years.
- Trading 49.9% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ENVX Enovix Corporation R2K | 7.98 | - | $1.74B | - | -16.75% | -71.31% | 72.48% | -67.88% |
| 2 | CAT Caterpillar Inc. SPX | 875.87 | 43.66 | $403.42B | 0.69% | 19.42% | 51.33% | 4.38% | 9.83% |
| 3 | GE GE Aerospace SPX | 323.76 | 40.17 | $338.27B | 0.58% | 11.89% | 45.43% | 16.32% | 195.89% |
| 4 | GEV GE Vernova Inc. SPXAI | 968.32 | 28.33 | $260.21B | 0.21% | 6.30% | 75.71% | 8.68% | 92.84% |
| 5 | RTX RTX Corporation SPX | 179.66 | 33.64 | $241.95B | 1.54% | 9.41% | 11.57% | 9.72% | 9.01% |
| 6 | UNP Union Pacific Corporation SPX | 262.64 | 21.60 | $155.93B | 2.10% | 16.19% | 40.69% | -0.49% | 0.66% |
| 7 | ETN Eaton Corporation plc SPXAI | 400.60 | 39.20 | $155.55B | 1.10% | 16.23% | 20.84% | 9.77% | 18.41% |
| 8 | HON Honeywell International Inc. NDXSPX | 237.86 | 38.00 | $150.72B | 2.00% | 13.57% | 24.26% | 1.82% | -1.62% |
| 9 | DE Deere & Company SPX | 542.18 | 30.67 | $146.45B | 1.20% | 12.82% | 18.35% | -4.50% | -11.00% |
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Quarterly Results
Figures in USD.
| Metric | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Oct 2021 | Apr 2022 | Jul 2022 | Oct 2022 | Apr 2023 | Jul 2023 | Oct 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | 0 | 0 | 0 | 5.10M | 8.00K | 21.00K | 42.00K | 200.00K | 5.27M | 3.77M | - | - | 5.10M | 7.47M | 7.99M | 11.27M | 7.60M | 7.60M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.84M | 5.53M | 6.59M | 8.76M | 6.05M | - |
| Gross Profit | - | - | - | - | -112.00K | -104.00K | -515.00K | -638.00K | -6.62M | -12.23M | -14.19M | -16.61M | -1.80M | -655.00K | - | - | 261.00K | 1.94M | 1.40M | 2.50M | 1.55M | 1.55M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 42.82M | 45.67M | 48.37M | 46.49M | 45.45M | - |
| Operating Income | - | - | -6.45M | -11.38M | -14.18M | -19.20M | -25.11M | -28.03M | -33.68M | -63.25M | -51.84M | -50.38M | -70.14M | -88.75M | - | - | -42.56M | -43.73M | -46.97M | -43.99M | -43.90M | -43.90M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -13.53M | -34.59M | -33.03M | -20.06M | -22.01M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.72M | 1.71M | 11.77M | 6.41M | 7.01M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -23.69M | -45.13M | -54.19M | -34.91M | -38.39M | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -162.00K | -861.00K | -422.00K | 133.00K | -129.00K | - |
| Net Income | -7.68M | -5.15M | -13.48M | -16.16M | -14.30M | -10.84M | 42.71M | -1.14M | -82.01M | -73.60M | -64.31M | -16.18M | -46.37M | -115.87M | - | - | -23.51M | -44.53M | -53.71M | -34.99M | -38.26M | -38.26M |
| Diluted EPS | - | - | -0.16 | -0.17 | -0.15 | -0.14 | -0.16 | -0.18 | -0.53 | -0.47 | -0.41 | -0.29 | -0.28 | -0.63 | - | - | -0.12 | -0.22 | -0.27 | -0.16 | -0.18 | -0.18 |
| R&D Expense | - | - | 3.81M | 5.59M | 9.52M | 10.30M | 12.73M | 15.83M | 13.95M | 23.75M | 16.55M | 13.51M | 48.79M | 29.07M | 24.22M | - | 25.93M | 28.15M | 28.18M | - | - | 26.53M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2020 | Jan 2022 | Dec 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 6.20M | 6.20M | 7.64M | 23.07M | 31.82M |
| Cost of Revenue | - | - | 23.24M | - | 63.06M | 25.12M | 25.72M |
| Gross Profit | -3.38M | -1.97M | -17.04M | -17.04M | -55.42M | -2.04M | 6.11M |
| Operating Expenses | - | - | 110.02M | - | 167.41M | 198.82M | 183.36M |
| Operating Income | -23.53M | -69.52M | -127.06M | -131.98M | -222.82M | -200.86M | -177.25M |
| EBITDA | - | - | -43.65M | - | -176.30M | -172.18M | -101.21M |
| Interest Expense | - | - | 0 | - | 4.46M | 6.79M | 21.60M |
| Pretax Income | - | - | -51.62M | - | -214.76M | -223.93M | -157.92M |
| Tax Provision | - | - | 0 | - | -633.00K | -1.39M | -1.31M |
| Net Income | -39.65M | -125.87M | -51.62M | -51.62M | -214.07M | -222.24M | -156.74M |
| Diluted EPS | -0.49 | -1.07 | -0.82 | -0.82 | -1.38 | -1.27 | -0.75 |
| R&D Expense | 14.44M | 37.85M | - | 58.05M | 88.39M | 124.51M | 110.33M |
Compounded Sales Growth
| 5 Years: | 72.48% |
| 1 Year: | 49.10% |
Compounded Profit Growth
| 5 Years: | -67.88% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +4.72% |
| 6 Months: | +5.42% |
| 3 Months: | +51.42% |
| 1 Month: | +24.69% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Jan 2022 | Dec 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 64.96M | - | 482.56M | 440.59M | 440.59M | 564.30M | 527.17M | 878.98M |
| Current Assets | - | - | - | - | 329.65M | - | 323.18M | 295.01M | 542.21M |
| Cash & Equivalents | - | 29.14M | - | 385.29M | 322.85M | 322.85M | 233.12M | 272.87M | 106.01M |
| Inventory | - | - | - | - | 634.00K | - | 8.74M | 7.66M | 13.62M |
| Receivables | - | - | - | - | 170.00K | - | 909.00K | 4.57M | 4.42M |
| Total Liabilities | - | 28.75M | - | 156.45M | 84.16M | 84.16M | 303.20M | 277.77M | 604.96M |
| Current Liabilities | - | 10.87M | - | 20.64M | 23.03M | 23.03M | 61.02M | 53.70M | 65.02M |
| Long Term Debt | - | - | - | - | - | 0 | 169.10M | 169.82M | 519.27M |
| Total Debt | - | - | - | - | 8.23M | - | 190.61M | 192.56M | 540.38M |
| Total Equity | 2.98M | 36.22M | - | 326.12M | 356.43M | 356.43M | 258.15M | 246.74M | 271.21M |
| Shares Outstanding | - | - | - | - | 157.46M | - | 167.39M | 190.56M | 221.99M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Jan 2022 | Dec 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -20.05M | - | -51.31M | -82.74M | -82.74M | -104.64M | -108.63M | -95.29M |
| Investing Cash Flow | -26.95M | - | -43.58M | -36.21M | -36.21M | -142.96M | -1.38M | -538.27M |
| Financing Cash Flow | 65.92M | - | 451.09M | 56.51M | 56.51M | 159.59M | 150.75M | 467.38M |
| Capital Expenditure | -26.95M | - | -43.58M | -36.21M | -36.21M | -61.80M | -76.19M | -18.22M |
| Free Cash Flow | -47.00M | - | -94.89M | -118.95M | -118.95M | -166.43M | -184.82M | -113.51M |
| Net Change in Cash | - | - | - | -62.44M | - | -88.01M | 40.74M | -166.18M |
| Share Buybacks | 0 | - | 27.00K | - | 10.00K | 0 | 0 | 58.38M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2020 | Jan 2022 | Dec 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | -274.7% | -274.7% | -725.0% | -8.9% | 19.2% |
| Operating Margin % | - | - | -2,048.7% | -2,128.0% | -2,915.0% | -870.5% | -557.0% |
| Net Margin % | - | - | -832.3% | -832.3% | -2,800.5% | -963.2% | -492.6% |
| ROE % | -109.5% | -38.6% | -14.5% | -14.5% | -82.9% | -90.1% | -57.8% |
| ROCE % | -43.5% | -15.1% | -30.4% | -31.6% | -44.3% | -42.4% | -21.8% |
Shareholding Pattern
Insiders
11.32%
Institutions
50.79%
Public Float
57.28%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 7.03% | 15.33M | $122.34M |
| 2 | Vanguard Capital Management LLC | 3.84% | 8.38M | $66.87M |
| 3 | Vanguard Portfolio Management LLC | 3.69% | 8.05M | $64.25M |
| 4 | UBS Group AG | 2.64% | 5.77M | $46.05M |
| 5 | Geode Capital Management, LLC | 2.23% | 4.87M | $38.88M |
| 6 | Electron Capital Partners, LLC | 2.12% | 4.63M | $36.93M |
| 7 | State Street Corporation | 1.98% | 4.32M | $34.45M |
| 8 | CenterBook Partners LP | 1.35% | 2.94M | $23.47M |
| 9 | Royal Bank of Canada | 1.14% | 2.49M | $19.89M |
| 10 | Millennium Management Llc | 0.97% | 2.12M | $16.91M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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