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Enovix Corp

ENVX

$2.40 ▼ -0.38 (-13.69%) at close

7 Visible periods

29 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Enovix Corp faces fundamental challenges with weakness in Return on Common Equity (%) and Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $498.3M

Dividend Yield —

Revenue Growth 37.9% ↘

Op. Margin —

ROIC -22.2% ↗

FCF / Share None

Trailing P/E —

Price / Book 1.9x

FCF Yield —

Debt / Equity 1.95

info Valuation on last close. End-of-day price, Nov 5, 2026.

7-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$31.82M

↑ +37.9% —

Net Income Profit after all expenses

$-156.74M

↑ +29.5% —

Long-Term Debt Long-term obligations

$519.50M

↑ +205.6% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability

Returns ↓

Financial Health ↑

Financial view

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Dec 28, 2025 10-K ↗	FY 2024 Dec 29, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jan 1, 2023 10-K ↗	FY 2021 Jan 2, 2022 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Revenue Growth YoY (%)	37.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1164%)	201.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+6629%)	23.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+675%)	—	—	—	—
EPS Growth YoY (%)	40.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	5.9% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-297.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	68.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	29.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-3.8% Weak ↑ Weak Improving Year-over-year change in net income	-314.7% Weak ↓ Weak Declining Year-over-year change in net income	59.0% Excellent Excellent Year-over-year change in net income	-217.5% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	72.5% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 28, 2025 10-K ↗	FY 2024 Dec 29, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jan 1, 2023 10-K ↗	FY 2021 Jan 2, 2022 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Effective Tax Rate (%) (%)	0.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.6% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.3% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-492.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-4205%)	—	—	—	—	—	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 28, 2025 10-K ↗	FY 2024 Dec 29, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jan 1, 2023 10-K ↗	FY 2021 Jan 2, 2022 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Return on Invested Capital (%)	-22.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-57.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-53.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-37.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-21.3% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-65.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-20.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-46.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-40.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-30.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-14.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	-36.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-57.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-678%)	-90.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1001%)	-82.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-929%)	-14.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-245%)	-38.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-486%)	-109.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1195%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 28, 2025 10-K ↗	FY 2024 Dec 29, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jan 1, 2023 10-K ↗	FY 2021 Jan 2, 2022 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Debt to Equity (x)	1.95x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+50%)	0.73x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-44%)	0.68x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-48%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—
Interest Coverage (x)	-14.33x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-35.75x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-51.67x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	—	-371.78x Weak Weak Operating income divided by interest expense Optimal: > 5x	-219.91x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$423.19M	$-93.58M	$-58.12M	$-322.85M	$-385.29M	$-29.14M	—
Debt / EBITDA (x)	-3.72x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.91x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.89x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 28, 2025 10-K ↗	FY 2024 Dec 29, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jan 1, 2023 10-K ↗	FY 2021 Jan 2, 2022 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Revenue per Share (USD)	$0.15	$0.13	$0.05	$0.04	$0.00	—	—
Basic EPS, GAAP (USD)	$-0.75	$-1.27	$-1.35	$-0.34	$-1.07	—	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Book Value per Share (USD)	$1.25	$1.29	$1.54	$2.26	$0.58	$0.36	—
Tangible Book Value per Share (USD)	$1.05	$1.04	$1.22	$2.26	$0.58	$0.36	—
Basic Weighted Avg Shares (shares)	207.64M	175.04M	159.07M	152.92M	117.22M	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 28, 2025 10-K ↗	FY 2024 Dec 29, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jan 1, 2023 10-K ↗	FY 2021 Jan 2, 2022 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Working Capital (USD)	$477.19M	$241.31M	$262.16M	$306.62M	$377.49M	$22.18M	—
LT Debt (USD)	$519.50M	$169.99M	$170.70M	$0.00	—	—	—
Total Equity (USD)	$271.21M	$246.74M	$258.15M	$356.43M	$326.12M	$36.22M	$2.98M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 28, 2025 10-K ↗	FY 2024 Dec 29, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Jan 1, 2023 10-K ↗	FY 2021 Jan 2, 2022 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Sales/Revenue/Turnover (USD)	$31.82M	$23.07M	$7.64M	$6.20M	$0.00	—	—
Depreciation Expense (USD)	$35.11M	$44.96M	$34.01M	$7.97M	$995.00K	$579.00K	—
Net Income, GAAP (USD)	$-156.74M	$-222.24M	$-214.07M	$-51.62M	$-125.87M	$-39.65M	—
Operating Cash Flow (USD)	$-95.29M	$-108.63M	$-104.64M	$-82.74M	$-51.31M	$-20.05M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 5 days ago 7 years · 27 quarters

Enovix Corp

Analytical Summary

7-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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