Enviri (NVRI) Financials

$19.25 -0.08 (-0.40%)

Closing price 05/19/2026 03:59 PM Eastern

Extended Trading

$19.18 -0.07 (-0.35%)

As of 05/19/2026 04:10 PM Eastern

Annual Income Statements for Enviri

This table shows Enviri's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-22	6.19	-86	504	-26	-3.25	-180	-83	-130	-168
Consolidated Net Income / (Loss)	-18	6.33	-80	512	-22	2.73	-176	-85	-124	-164
Net Income / (Loss) Continuing Operations	-18	7.31	-80	19	-45	50	-173	-81	-120	-160
Total Pre-Tax Income	14	35	-79	31	-54	38	-168	-46	-104	-137
Total Operating Income	69	89	65	76	-3.31	88	-101	88	31	4.25
Total Gross Profit	422	367	279	1,479	292	358	334	457	439	427
Total Revenue	2,066	1,723	1,451	2,409	1,534	1,848	2,134	2,366	2,343	2,240
Operating Revenue	2,066	1,723	1,451	2,409	1,534	1,848	2,134	2,366	2,343	2,240
Total Cost of Revenue	1,644	1,356	1,173	930	1,242	1,491	1,799	1,909	1,904	1,813
Operating Cost of Revenue	1,644	1,356	1,173	930	1,242	1,491	1,799	1,909	1,904	1,813
Total Operating Expenses	353	278	214	1,326	295	269	439	370	408	423
Selling, General & Admin Expense	285	242	197	205	284	272	305	354	359	382
Research & Development Expense	5.47	4.51	4.28	0.89	0.53	0.96	2.86	3.46	3.96	3.05
Other Operating Expenses / (Income)	63	32	13	1,120	10	-3.72	12	-1.59	-5.04	30
Impairment Charge	-	-	-	-	0.00	0.00	120	14	50	7.80
Total Other Income / (Expense), net	-36	-54	-144	-45	-51	-51	-67	-133	-134	-141
Interest Expense	47	47	87	34	58	63	77	107	112	111
Interest & Investment Income	1.70	1.57	2.48	-3.61	2.13	2.23	3.83	6.81	6.80	2.19
Other Income / (Expense), net	9.70	-8.49	-60	-7.70	5.15	10	5.98	-33	-29	-32
Income Tax Expense	30	28	6.64	13	-8.67	9.09	4.86	35	17	23
Other Gains / (Losses), net	-1.56	0.18	5.69	0.27	0.19	-0.30	-0.18	-0.76	-0.01	0.16
Net Income / (Loss) Discontinued Operations	0.11	-0.98	0.67	494	23	-25	-	-3.80	-3.92	-4.06
Net Income / (Loss) Attributable to Noncontrolling Interest	4.50	0.14	5.91	8.30	4.37	5.98	3.64	-1.98	5.31	3.89
Basic Earnings per Share	($0.27)	$0.08	($1.07)	-	($0.33)	($0.04)	($2.27)	($1.04)	($1.62)	($2.08)
Weighted Average Basic Shares Outstanding	80.88M	80.23M	80.33M	79.63M	78.94M	79.23M	79.49M	79.80M	80.12M	80.71M
Diluted Earnings per Share	($0.27)	$0.08	($1.07)	$6.19	($0.33)	($0.04)	($2.27)	($1.04)	($1.62)	($2.08)
Weighted Average Diluted Shares Outstanding	80.88M	80.37M	80.33M	81.38M	78.94M	80.29M	79.49M	79.80M	80.12M	80.71M
Weighted Average Basic & Diluted Shares Outstanding	82.10M	77.40M	80.10M	-	78.92M	79.23M	79.50M	79.83M	80.20M	81.45M

This table shows Enviri's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-11	-54	-18	-14	-13	-83	-9.01	-48	-22	-84	-11
Consolidated Net Income / (Loss)	-10	-54	-17	-11	-12	-82	-7.81	-47	-21	-84	-9.54
Net Income / (Loss) Continuing Operations	-8.96	-53	-16	-10	-11	-82	-6.65	-46	-20	-83	-8.39
Total Pre-Tax Income	-5.31	-49	-7.58	-0.33	2.31	-96	-4.67	-42	-19	-72	-33
Total Operating Income	29	-14	26	31	37	-63	29	-7.19	16	-36	0.79
Total Gross Profit	126	81	122	130	119	69	123	99	120	83	106
Total Revenue	597	599	600	610	574	559	548	562	575	555	550
Operating Revenue	597	599	600	610	574	559	548	562	575	555	550
Total Cost of Revenue	471	518	478	480	455	489	425	463	454	472	444
Operating Cost of Revenue	471	518	478	480	455	489	425	463	454	472	444
Total Operating Expenses	97	95	96	96	82	132	94	106	104	119	105
Selling, General & Admin Expense	94	92	87	90	89	93	89	96	93	104	91
Research & Development Expense	0.90	1.02	0.86	0.94	0.89	1.27	0.47	1.00	0.88	0.71	0.47
Other Operating Expenses / (Income)	2.87	2.46	-2.44	4.28	-8.56	-1.16	4.29	2.41	9.82	13	13
Total Other Income / (Expense), net	-34	-34	-33	-32	-35	-33	-34	-35	-36	-37	-34
Interest Expense	28	28	28	28	29	27	27	28	28	28	28
Interest & Investment Income	1.72	2.01	1.70	3.44	0.98	0.68	0.45	0.47	0.55	0.72	0.47
Other Income / (Expense), net	-8.24	-8.28	-6.97	-7.09	-7.24	-6.71	-7.81	-8.01	-7.83	-8.82	-6.23
Income Tax Expense	3.50	4.02	7.92	10	13	-14	2.00	3.61	1.07	10	-24
Other Gains / (Losses), net	-0.15	-0.17	-0.25	0.13	0.04	0.07	0.03	0.04	0.04	0.04	0.02
Net Income / (Loss) Discontinued Operations	-1.14	-0.57	-1.11	-0.90	-1.17	-0.74	-1.17	-0.66	-1.18	-1.06	-1.15
Net Income / (Loss) Attributable to Noncontrolling Interest	0.71	0.78	1.12	2.48	0.90	0.81	1.20	1.06	0.96	0.68	1.13
Basic Earnings per Share	($0.14)	($0.68)	($0.22)	($0.17)	($0.16)	($1.05)	($0.11)	($0.59)	($0.28)	($1.04)	($0.13)
Weighted Average Basic Shares Outstanding	79.85M	79.80M	79.95M	80.15M	80.17M	80.12M	80.33M	80.63M	80.67M	80.71M	82.29M
Diluted Earnings per Share	($0.14)	($0.68)	($0.22)	($0.17)	($0.16)	($1.05)	($0.11)	($0.59)	($0.28)	($1.04)	($0.13)
Weighted Average Diluted Shares Outstanding	79.85M	79.80M	79.95M	80.15M	80.17M	80.12M	80.33M	80.63M	80.67M	80.71M	82.29M
Weighted Average Basic & Diluted Shares Outstanding	79.83M	79.83M	80.10M	80.11M	80.14M	80.20M	80.50M	80.65M	80.65M	81.45M	82.71M

This table details how cash moves in and out of Enviri's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	14	-9.60	-10	5.34	-317	20	7.46	-2.03	40	-34	35
Net Cash From Operating Activities	122	160	177	192	-0.16	54	72	151	114	78	101
Net Cash From Continuing Operating Activities	122	160	177	192	-233	54	72	151	114	78	101
Net Income / (Loss) Continuing Operations	6.33	-80	12	145	512	-22	2.73	-176	-85	-124	-164
Consolidated Net Income / (Loss)	6.33	-80	12	145	512	-22	2.73	-176	-85	-124	-164
Depreciation Expense	145	129	122	122	120	126	131	130	139	148	153
Amortization Expense	12	12	8.10	11	19	34	35	34	32	31	31
Non-Cash Adjustments To Reconcile Net Income	-6.68	92	-16	2.12	-589	-36	-53	103	14	18	35
Changes in Operating Assets and Liabilities, net	-34	6.31	51	-88	-294	-48	-45	62	14	4.64	46
Net Cash From Investing Activities	-130	123	-103	-161	-132	-521	-124	-99	-117	-34	-150
Net Cash From Continuing Investing Activities	-130	123	-103	-161	-209	-521	-124	-99	-117	-34	-150
Purchase of Property, Plant & Equipment	-124	-69	-98	-132	-262	-120	-158	-137	-139	-137	-141
Acquisitions	-7.79	-0.03	0.00	-56	-627	-433	-0.36	-0.18	-0.50	-1.31	-0.18
Sale of Property, Plant & Equipment	-	-	-	12	17	6.20	23	19	18	34	9.77
Divestitures	26	175	13	0.00	658	37	-	0.00	0.00	58	0.00
Sale and/or Maturity of Investments	-	17	-	16	7.27	-11	11	-2.30	-	-	-18
Other Investing Activities, net	-22	0.07	-	0.00	0.00	-0.15	0.17	0.27	0.46	0.00	0.00
Net Cash From Financing Activities	22	-292	-84	-26	126	487	60	-43	45	-63	80
Net Cash From Continuing Financing Activities	22	-292	-84	-26	126	487	60	-43	45	-63	80
Repayment of Debt	-409	-998	-109	-118	-679	-142	-472	-255	-7.45	-29	-23
Payment of Dividends	-78	-26	-2.45	-5.48	-4.71	-2.98	-3.10	-4.84	-0.01	-18	-3.38
Issuance of Debt	447	721	33	131	848	639	541	224	0.00	0.00	120
Issuance of Common Equity	-	-	-	-	-	-	0.00	0.00	1.65	0.87	0.00
Other Financing Activities, net	75	12	-5.10	-3.25	-7.21	-7.21	-4.98	-6.96	51	-17	-13
Effect of Exchange Rate Changes	-	-	-	-	-0.79	-0.20	-0.53	-11	-3.12	-15	3.34

This table details how cash moves in and out of Enviri's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	9.32	26	-17	0.10	5.63	-23	14	9.11	17	-5.67	-3.87
Net Cash From Operating Activities	18	68	1.35	39	1.39	36	6.60	22	34	38	22
Net Cash From Continuing Operating Activities	18	68	1.35	39	1.39	36	6.60	22	34	38	22
Net Income / (Loss) Continuing Operations	-10	-54	-17	-11	-12	-82	-7.81	-47	-21	-84	-9.54
Consolidated Net Income / (Loss)	-10	-54	-17	-11	-12	-82	-7.81	-47	-21	-84	-9.54
Depreciation Expense	35	36	37	37	38	37	36	38	39	40	40
Amortization Expense	8.30	8.08	8.17	8.01	7.91	7.38	7.40	7.56	7.76	7.85	7.84
Non-Cash Adjustments To Reconcile Net Income	-3.25	15	9.50	-9.12	-15	41	2.48	5.53	20	6.71	-5.24
Changes in Operating Assets and Liabilities, net	-12	62	-36	14	-17	34	-32	18	-11	68	-12
Net Cash From Investing Activities	-22	-38	-23	4.02	-3.01	-12	-18	-43	-30	-59	-31
Net Cash From Continuing Investing Activities	-22	-38	-23	4.02	-3.01	-12	-18	-43	-30	-59	-31
Purchase of Property, Plant & Equipment	-27	-45	-27	-34	-42	-34	-22	-39	-32	-49	-34
Acquisitions	-0.05	-0.03	-0.08	-0.41	-0.70	-0.13	-0.01	-0.04	-0.06	-0.07	-0.19
Sale of Property, Plant & Equipment	0.64	4.91	4.31	20	4.90	4.58	1.45	2.32	2.05	3.96	1.95
Sale and/or Maturity of Investments	4.44	2.22	-0.60	-	-	18	-	-	-	-	1.29
Net Cash From Financing Activities	16	-5.17	13	-41	6.05	-41	26	28	12	14	8.06
Net Cash From Continuing Financing Activities	16	-5.17	13	-41	6.05	-41	26	28	12	14	8.06
Repayment of Debt	-46	-21	21	-43	-150	-77	27	28	12	-91	24
Other Financing Activities, net	-0.14	-0.05	-1.04	-0.29	-0.21	-0.34	-1.28	-0.26	-0.02	-11	-16
Effect of Exchange Rate Changes	-2.44	1.12	-8.25	-1.57	1.21	-6.44	-0.01	1.93	0.44	0.98	-2.80

This table presents Enviri's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	2,061	1,581	1,543	1,633	2,367	2,993	3,054	2,791	2,855	2,635	2,709
Total Current Assets	665	550	551	605	653	816	875	768	827	713	721
Cash & Equivalents	80	70	-	64	57	76	83	81	121	88	104
Restricted Cash	-	2.05	-	2.89	2.47	3.22	4.22	3.76	3.38	1.80	22
Accounts Receivable	285	258	289	270	331	387	411	290	379	303	314
Inventories, net	217	188	119	116	157	61	70	81	189	183	181
Prepaid Expenses	-	-	-	-	42	31	31	31	59	62	62
Other Current Assets	83	33	58	76	40	11	9.93	15	76	75	38
Plant, Property, & Equipment, net	564	490	0.00	433	562	630	654	657	707	664	700
Total Noncurrent Assets	833	541	20	595	1,153	1,547	1,525	1,366	1,320	1,257	1,288
Goodwill	400	382	-	405	738	889	883	759	781	740	759
Intangible Assets	53	42	-	69	299	435	403	352	328	298	273
Noncurrent Deferred & Refundable Income Taxes	-	106	-	49	14	10	18	17	16	17	11
Employee Benefit Assets	-	-	-	-	-	-	-	-	45	58	56
Other Noncurrent Operating Assets	127	11	20	17	69	143	150	167	150	144	189
Total Liabilities & Shareholders' Equity	2,061	1,581	1,543	1,633	2,367	2,993	3,054	2,791	2,855	2,635	2,709
Total Liabilities	1,750	1,444	1,325	1,319	1,578	2,280	2,248	2,168	2,279	2,205	2,413
Total Current Liabilities	506	428	410	417	465	538	601	597	655	567	634
Short-Term Debt	55	30	-	17	6.31	21	18	20	30	29	37
Accounts Payable	158	108	-	125	177	164	186	206	243	215	240
Current Deferred Revenue	107	117	39	29	54	-	-	-	38	13	7.98
Current Deferred & Payable Income Tax Liabilities	4.41	4.30	-	2.63	19	3.40	6.38	3.64	7.57	6.09	4.08
Current Employee Benefit Liabilities	39	47	-	50	38	44	48	44	80	64	67
Other Current Liabilities	138	122	147	154	160	177	181	166	256	240	278
Total Noncurrent Liabilities	1,244	1,016	67	902	1,113	1,742	1,647	1,571	1,624	1,638	1,779
Long-Term Debt	846	629	-	586	775	1,271	1,359	1,337	1,401	1,411	1,530
Asset Retirement Reserve & Litigation Obligation	30	25	-	20	19	29	28	27	26	47	38
Noncurrent Deferred & Payable Income Tax Liabilities	12	-	-	-	24	36	34	30	29	33	22
Noncurrent Employee Benefit Liabilities	242	320	-	214	190	231	94	47	45	27	26
Other Noncurrent Operating Liabilities	57	42	42	83	93	121	123	121	123	121	163
Commitments & Contingencies	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	311	138	218	313	790	713	806	623	575	430	296
Total Preferred & Common Equity	272	96	173	268	742	657	748	569	523	392	255
Total Common Equity	272	96	614	268	742	657	748	569	523	392	255
Common Stock	311	313	-	332	344	348	360	371	385	402	423
Retained Earnings	1,236	1,151	1,162	1,299	1,824	1,798	1,795	1,614	1,528	1,379	1,211
Accumulated Other Comprehensive Income / (Loss)	-516	-607	-548	-567	-588	-646	-560	-568	-540	-537	-514
Other Equity Adjustments	-	-	-	-	-	-	-	-	-	-	-865
Noncontrolling Interest	39	41	-	45	48	56	58	54	52	38	41

This table presents Enviri's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,771	2,825	2,853	2,837	2,790	2,769	2,802	2,689	2,770	2,794	2,704
Total Current Assets	797	793	825	831	784	783	806	727	748	769	722
Cash & Equivalents	82	92	85	96	104	104	110	102	98	115	106
Restricted Cash	3.30	4.48	3.88	3.10	3.53	3.46	2.89	1.96	16	16	16
Accounts Receivable	296	308	338	318	342	350	362	320	334	324	326
Inventories, net	81	85	85	85	190	189	196	193	196	195	173
Prepaid Expenses	34	25	22	34	53	51	64	52	51	62	53
Other Current Assets	40	15	19	28	83	86	71	58	54	57	49
Plant, Property, & Equipment, net	630	665	650	641	689	692	698	669	695	697	690
Total Noncurrent Assets	1,344	1,367	1,378	1,365	1,318	1,293	1,298	1,293	1,328	1,327	1,292
Goodwill	745	763	765	759	771	771	767	747	760	758	754
Intangible Assets	372	346	339	331	320	310	306	292	287	280	267
Noncurrent Deferred & Refundable Income Taxes	17	18	15	15	16	15	16	19	21	24	24
Employee Benefit Assets	-	-	-	-	-	-	-	76	79	78	56
Other Noncurrent Operating Assets	147	171	169	170	202	197	208	158	181	188	192
Total Liabilities & Shareholders' Equity	2,771	2,825	2,853	2,837	2,790	2,769	2,802	2,689	2,770	2,794	2,704
Total Liabilities	2,145	2,201	2,225	2,224	2,244	2,240	2,276	2,240	2,352	2,390	2,429
Total Current Liabilities	592	618	607	593	578	594	619	569	626	639	641
Short-Term Debt	26	15	18	29	19	25	32	31	36	40	35
Accounts Payable	204	225	213	202	225	231	246	232	241	251	257
Current Deferred Revenue	-	-	-	-	36	-	17	7.30	-	7.22	8.83
Current Deferred & Payable Income Tax Liabilities	4.27	3.99	5.34	7.65	5.17	2.18	8.95	2.18	4.74	4.82	5.01
Current Employee Benefit Liabilities	38	50	52	59	53	55	65	50	55	61	75
Other Current Liabilities	162	164	165	156	238	280	250	247	289	275	260
Total Noncurrent Liabilities	1,554	1,583	1,618	1,631	1,666	1,646	1,657	1,672	1,726	1,750	1,789
Long-Term Debt	1,315	1,346	1,382	1,400	1,445	1,418	1,432	1,442	1,482	1,500	1,557
Asset Retirement Reserve & Litigation Obligation	27	26	26	25	-	25	23	44	43	42	38
Noncurrent Deferred & Payable Income Tax Liabilities	32	28	33	31	34	36	32	33	24	23	6.50
Noncurrent Employee Benefit Liabilities	49	48	49	49	45	45	40	27	29	29	26
Other Noncurrent Operating Liabilities	123	125	121	121	143	123	131	126	148	156	161
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	626	624	627	614	546	529	526	449	418	404	275
Total Preferred & Common Equity	575	569	577	564	501	486	484	409	376	361	233
Total Common Equity	575	569	577	564	501	486	484	409	376	361	233
Common Stock	369	375	378	381	388	393	398	406	412	417	425
Retained Earnings	1,651	1,605	1,593	1,583	1,510	1,497	1,484	1,387	1,339	1,317	1,201
Accumulated Other Comprehensive Income / (Loss)	-597	-561	-545	-550	-547	-553	-546	-531	-521	-520	-510
Other Equity Adjustments	-848	-850	-850	-850	-851	-851	-852	-853	-853	-853	-883
Noncontrolling Interest	52	54	50	50	45	43	42	40	42	43	42

This table displays calculated financial ratios and metrics derived from Enviri's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-16.61%	-15.78%	0.00%	0.00%	0.00%	-36.31%	20.49%	15.45%	10.87%	-0.99%	-4.39%
EBITDA Growth	-7.36%	-38.08%	58.40%	15.06%	-22.42%	-21.99%	64.15%	-74.01%	217.66%	-16.17%	-14.17%
EBIT Growth	1.34%	-93.78%	1,951.46%	31.44%	-48.79%	-97.31%	5,233.51%	-196.35%	150.15%	-92.12%	-1,622.69%
NOPAT Growth	122.82%	150.24%	-108.52%	3,314.03%	-63.74%	-105.13%	2,993.42%	-205.48%	179.23%	-60.29%	-86.17%
Net Income Growth	135.82%	-1,359.52%	114.85%	1,124.36%	253.22%	-104.29%	112.42%	-6,565.04%	50.07%	-39.23%	-31.66%
EPS Growth	129.63%	-1,437.50%	109.35%	1,540.00%	277.44%	-105.33%	87.88%	-5,575.00%	52.42%	-48.15%	-28.40%
Operating Cash Flow Growth	-46.29%	31.29%	10.64%	8.55%	-100.08%	33,117.18%	34.15%	108.49%	-23.97%	-31.79%	29.90%
Free Cash Flow Firm Growth	-54.21%	602.83%	-105.61%	1,063.06%	-607.11%	56.72%	76.30%	280.10%	-175.43%	205.59%	-64.39%
Invested Capital Growth	-1.99%	-22.99%	1.49%	-2.33%	106.15%	20.81%	7.86%	-10.53%	9.03%	-4.43%	-2.33%
Revenue Q/Q Growth	-5.73%	-1.84%	0.00%	0.00%	0.00%	-51.60%	23.00%	48.65%	5.86%	12.28%	-0.17%
EBITDA Q/Q Growth	0.75%	12.28%	-10.49%	21.46%	-6.84%	-0.84%	12.84%	-47.77%	-8.65%	-29.74%	22.12%
EBIT Q/Q Growth	9.82%	133.22%	-20.56%	53.51%	-21.80%	-75.58%	42.88%	-184.91%	-34.06%	-95.40%	47.02%
NOPAT Q/Q Growth	109.61%	42.54%	-104.64%	242.20%	-50.90%	-278.90%	324.50%	-134.31%	-16.86%	-71.42%	118.68%
Net Income Q/Q Growth	122.05%	-8.93%	-59.64%	122.69%	-1.38%	-190.33%	-93.21%	3.67%	-24.68%	-30.76%	-0.73%
EPS Q/Q Growth	121.05%	-11.46%	-67.74%	141.18%	-1.59%	-257.14%	-122.22%	-8.10%	-24.14%	-30.08%	0.48%
Operating Cash Flow Q/Q Growth	-6.72%	16.26%	28.24%	1.60%	-100.11%	779.86%	23.85%	-3.88%	74.63%	-29.06%	2.12%
Free Cash Flow Firm Q/Q Growth	-6.09%	749.32%	-107.30%	288.23%	-68.81%	42.64%	38.63%	-52.39%	-268.49%	250.78%	-7.35%
Invested Capital Q/Q Growth	6.29%	-18.24%	-4.29%	-18.37%	6.02%	-7.75%	-4.92%	0.32%	8.88%	-4.14%	-4.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.28%	19.20%	0.00%	0.00%	61.39%	19.02%	19.36%	15.67%	19.01%	18.78%	19.06%
EBITDA Margin	13.73%	10.09%	0.00%	0.00%	8.60%	10.53%	14.35%	3.23%	9.25%	7.84%	6.96%
Operating Margin	5.14%	4.47%	0.00%	0.00%	3.17%	-0.22%	4.78%	-4.73%	3.38%	1.36%	0.19%
EBIT Margin	4.65%	0.34%	0.00%	0.00%	2.85%	0.12%	5.33%	-4.45%	2.01%	0.16%	-1.25%
Profit (Net Income) Margin	0.37%	-5.50%	0.00%	0.00%	21.27%	-1.43%	0.15%	-8.27%	-3.72%	-5.24%	-7.31%
Tax Burden Percent	18.19%	100.35%	15.71%	127.60%	1,648.86%	40.53%	7.28%	105.08%	167.26%	120.65%	119.65%
Interest Burden Percent	43.49%	-1,597.41%	73.88%	84.72%	45.22%	-2,935.57%	38.07%	176.88%	-110.65%	-2,709.75%	487.80%
Effective Tax Rate	79.50%	0.00%	103.70%	4.84%	40.97%	0.00%	24.23%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.91%	5.45%	0.00%	0.00%	4.10%	-0.14%	3.60%	-3.86%	3.10%	1.21%	0.17%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-15.11%	0.00%	0.00%	89.30%	-2.37%	-2.24%	-13.36%	-8.85%	-9.70%	-11.77%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-41.03%	0.00%	0.00%	88.77%	-2.78%	-3.24%	-20.83%	-17.80%	-25.14%	-45.31%
Return on Equity (ROE)	1.91%	-35.58%	6.72%	54.87%	92.87%	-2.92%	0.36%	-24.70%	-14.70%	-23.93%	-45.15%
Cash Return on Invested Capital (CROIC)	3.92%	31.43%	-2.01%	19.46%	-65.25%	-18.99%	-3.96%	7.25%	-5.54%	5.73%	2.53%
Operating Return on Assets (OROA)	3.70%	0.27%	0.00%	0.00%	3.43%	0.07%	3.26%	-3.25%	1.69%	0.14%	-1.05%
Return on Assets (ROA)	0.29%	-4.38%	0.00%	0.00%	25.61%	-0.82%	0.09%	-6.04%	-3.12%	-4.46%	-6.13%
Return on Common Equity (ROCE)	1.67%	-29.19%	5.08%	45.55%	85.03%	-2.72%	0.33%	-22.77%	-13.40%	-21.82%	-40.25%
Return on Equity Simple (ROE_SIMPLE)	2.33%	-82.82%	6.95%	54.06%	69.07%	-3.34%	0.36%	-30.98%	-16.84%	-29.81%	0.00%
Net Operating Profit after Tax (NOPAT)	18	45	-3.87	124	45	-2.31	67	-71	56	22	2.97
NOPAT Margin	1.05%	3.13%	0.00%	0.00%	1.87%	-0.15%	3.62%	-3.31%	2.37%	0.95%	0.13%
Net Nonoperating Expense Percent (NNEP)	1.91%	20.56%	-2.84%	-4.46%	-85.20%	2.22%	5.84%	9.50%	11.95%	10.91%	11.94%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-3.57%	2.79%	1.18%	0.16%
Cost of Revenue to Revenue	78.72%	80.80%	0.00%	0.00%	38.61%	80.98%	80.64%	84.33%	80.99%	81.22%	80.94%
SG&A Expenses to Revenue	14.05%	13.57%	0.00%	0.00%	8.52%	18.54%	14.73%	14.29%	14.96%	15.34%	17.05%
R&D to Revenue	0.26%	0.29%	0.00%	0.00%	0.04%	0.03%	0.05%	0.13%	0.15%	0.17%	0.14%
Operating Expenses to Revenue	16.15%	14.73%	0.00%	0.00%	55.04%	19.23%	14.58%	20.57%	15.64%	17.43%	18.87%
Earnings before Interest and Taxes (EBIT)	80	4.98	102	134	69	1.85	99	-95	48	3.75	-28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	237	146	232	267	207	162	265	69	219	184	156
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.31	11.32	8.81	6.19	2.44	2.16	1.77	0.88	1.37	1.50	5.67
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.36	0.75	0.00	0.00	0.75	0.93	0.72	0.23	0.30	0.26	0.65
Price to Earnings (P/E)	101.20	0.00	0.00	12.11	3.59	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	10.49%	4.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.99%	0.00%	0.00%	8.26%	27.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.31	2.37	2.81	3.12	1.74	1.50	1.38	1.06	1.10	1.11	1.68
Enterprise Value to Revenue (EV/Rev)	0.72	1.18	0.00	0.00	1.07	1.75	1.45	0.86	0.88	0.86	1.31
Enterprise Value to EBITDA (EV/EBITDA)	5.22	11.74	8.91	8.39	12.45	16.64	10.07	26.48	9.49	10.92	18.78
Enterprise Value to EBIT (EV/EBIT)	15.42	345.49	20.26	16.70	37.54	1,455.17	27.12	0.00	43.65	534.35	0.00
Enterprise Value to NOPAT (EV/NOPAT)	67.99	37.84	0.00	18.01	57.18	0.00	39.90	0.00	37.14	90.22	984.48
Enterprise Value to Operating Cash Flow (EV/OCF)	10.13	10.75	11.69	11.67	0.00	49.94	37.00	12.13	18.16	25.68	28.88
Enterprise Value to Free Cash Flow (EV/FCFF)	33.13	6.57	0.00	15.83	0.00	0.00	0.00	13.77	0.00	18.99	65.90
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.90	4.79	2.73	1.92	0.99	1.81	1.71	2.18	2.49	3.20	5.30
Long-Term Debt to Equity	2.72	4.57	2.63	1.87	0.98	1.78	1.69	2.15	2.44	3.14	5.18
Financial Leverage	1.87	2.72	3.14	1.75	0.99	1.18	1.45	1.56	2.01	2.59	3.85
Leverage Ratio	6.53	8.12	8.96	6.08	3.63	3.57	3.98	4.09	4.71	5.37	7.37
Compound Leverage Factor	2.84	-129.77	6.62	5.15	1.64	-104.70	1.52	7.24	-5.21	-145.53	35.94
Debt to Total Capital	74.35%	82.73%	73.16%	65.77%	49.75%	64.43%	63.09%	68.53%	71.33%	76.21%	84.14%
Short-Term Debt to Total Capital	4.56%	3.74%	2.47%	1.81%	0.40%	1.05%	0.82%	1.00%	1.52%	1.54%	2.01%
Long-Term Debt to Total Capital	69.79%	78.99%	70.69%	63.96%	49.35%	63.38%	62.27%	67.53%	69.82%	74.66%	82.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.24%	5.18%	5.58%	4.93%	3.06%	2.80%	2.64%	2.71%	2.60%	2.02%	2.18%
Common Equity to Total Capital	22.41%	12.09%	21.26%	29.30%	47.19%	32.77%	34.27%	28.76%	26.06%	21.78%	13.69%
Debt to EBITDA	3.81	4.50	2.53	2.26	3.78	8.00	5.19	19.68	6.54	7.84	10.06
Net Debt to EBITDA	2.40	4.01	2.24	2.00	3.49	7.51	4.87	18.45	5.97	7.35	9.25
Long-Term Debt to EBITDA	3.58	4.30	2.44	2.19	3.74	7.87	5.13	19.40	6.40	7.69	9.82
Debt to NOPAT	49.64	14.51	-151.60	4.84	17.34	-558.39	20.57	-19.21	25.59	64.80	527.07
Net Debt to NOPAT	31.33	12.93	-134.49	4.30	16.01	-523.96	19.27	-18.01	23.36	60.74	484.93
Long-Term Debt to NOPAT	46.59	13.85	-146.47	4.71	17.20	-549.30	20.30	-18.93	25.05	63.48	514.51
Altman Z-Score	2.11	2.49	1.99	2.28	2.98	1.84	2.00	1.67	1.89	1.86	1.82
Noncontrolling Interest Sharing Ratio	12.61%	17.95%	24.37%	17.00%	8.45%	6.94%	7.49%	7.78%	8.83%	8.82%	10.85%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.31	1.29	1.25	1.45	1.40	1.52	1.45	1.29	1.26	1.25	1.14
Quick Ratio	0.72	0.77	0.78	0.80	0.84	0.86	0.82	0.62	0.76	0.69	0.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	37	262	-15	141	-718	-311	-74	133	-100	106	44
Operating Cash Flow to CapEx	98.56%	230.57%	179.93%	145.29%	-0.07%	47.20%	53.40%	127.79%	94.74%	76.15%	77.11%
Free Cash Flow to Firm to Interest Expense	0.80	3.01	-0.50	6.57	-21.09	-5.34	-1.16	1.73	-0.93	0.94	0.40
Operating Cash Flow to Interest Expense	2.60	1.84	6.07	8.92	0.00	0.92	1.14	1.96	1.07	0.70	0.91
Operating Cash Flow Less CapEx to Interest Expense	-0.04	1.04	2.70	2.78	-7.21	-1.03	-1.00	0.43	-0.06	-0.22	-0.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	0.80	0.00	0.00	1.20	0.57	0.61	0.73	0.84	0.85	0.84
Accounts Receivable Turnover	5.40	5.35	0.00	0.00	8.01	4.27	4.64	6.09	7.08	6.89	7.26
Inventory Turnover	6.85	5.80	0.00	0.00	6.81	11.40	22.67	23.70	14.15	10.25	9.97
Fixed Asset Turnover	2.81	2.75	0.00	0.00	4.84	2.57	2.88	3.26	3.47	3.42	3.29
Accounts Payable Turnover	8.29	8.81	0.00	0.00	6.16	7.29	8.51	9.19	8.54	8.31	7.98
Days Sales Outstanding (DSO)	67.63	68.27	0.00	0.00	45.57	85.39	78.74	59.93	51.57	52.97	50.25
Days Inventory Outstanding (DIO)	53.27	62.98	0.00	0.00	53.60	32.02	16.10	15.40	25.79	35.63	36.60
Days Payable Outstanding (DPO)	44.02	41.45	0.00	0.00	59.21	50.07	42.88	39.73	42.75	43.93	45.73
Cash Conversion Cycle (CCC)	76.88	89.80	0.00	0.00	39.97	67.34	51.96	35.60	34.60	44.66	41.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	941	725	736	718	1,481	1,789	1,930	1,727	1,883	1,799	1,738
Invested Capital Turnover	1.81	1.74	0.00	0.00	2.19	0.94	0.99	1.17	1.31	1.27	1.27
Increase / (Decrease) in Invested Capital	-19	-216	11	-17	763	308	141	-203	156	-83	-41
Enterprise Value (EV)	1,234	1,719	2,067	2,240	2,579	2,688	2,671	1,825	2,078	2,005	2,928
Market Capitalization	626	1,090	1,502	1,660	1,809	1,419	1,323	500	719	617	1,445
Book Value per Share	$3.39	$1.20	$2.12	$3.21	$9.43	$8.33	$9.45	$7.17	$6.55	$5.13	$3.16
Tangible Book Value per Share	($2.27)	($4.09)	($3.35)	($2.46)	($3.76)	($8.45)	($6.79)	($6.82)	($7.34)	($7.82)	($9.63)
Total Capital	1,212	797	802	916	1,571	2,006	2,183	1,980	2,007	1,889	1,863
Total Debt	901	659	587	602	782	1,292	1,377	1,357	1,432	1,440	1,568
Total Long-Term Debt	846	629	567	586	775	1,271	1,359	1,337	1,401	1,411	1,530
Net Debt	569	587	520	535	722	1,213	1,290	1,272	1,307	1,350	1,442
Capital Expenditures (CapEx)	124	69	98	132	245	114	135	118	121	103	132
Debt-free, Cash-free Net Working Capital (DFCFNWC)	134	81	72	137	134	219	204	105	78	83	-1.33
Debt-free Net Working Capital (DFNWC)	214	152	138	205	194	299	292	190	203	173	124
Net Working Capital (NWC)	158	123	118	188	188	278	274	170	172	144	87
Net Nonoperating Expense (NNE)	12	125	-16	-21	-467	20	64	106	144	145	167
Net Nonoperating Obligations (NNO)	630	587	520	405	691	1,076	1,124	1,104	1,307	1,350	1,442
Total Depreciation and Amortization (D&A)	156	141	130	133	138	160	167	164	171	180	184
Debt-free, Cash-free Net Working Capital to Revenue	7.77%	5.55%	0.00%	0.00%	5.58%	14.29%	11.06%	4.93%	3.29%	3.55%	-0.06%
Debt-free Net Working Capital to Revenue	12.40%	10.50%	0.00%	0.00%	8.06%	19.48%	15.77%	8.91%	8.56%	7.40%	5.54%
Net Working Capital to Revenue	9.19%	8.45%	0.00%	0.00%	7.80%	18.11%	14.80%	7.99%	7.27%	6.15%	3.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	($1.07)	$0.10	$1.70	$6.33	($0.33)	$0.00	($2.27)	($1.08)	($1.60)	($2.08)
Adjusted Weighted Average Basic Shares Outstanding	80.23M	80.33M	80.55M	80.72M	79.63M	78.94M	79.23M	79.49M	79.80M	80.12M	80.71M
Adjusted Diluted Earnings per Share	$0.08	($1.07)	$0.10	$1.64	$6.19	($0.33)	($0.04)	($2.27)	($1.08)	($1.60)	($2.08)
Adjusted Weighted Average Diluted Shares Outstanding	80.37M	80.33M	80.55M	83.60M	81.38M	78.94M	80.29M	79.49M	79.80M	80.12M	80.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	80.09M	80.18M	0.00	0.00	0.00	78.92M	79.23M	79.50M	79.83M	80.20M	81.45M
Normalized Net Operating Profit after Tax (NOPAT)	62	45	73	124	45	-2.31	67	13	66	57	8.43
Normalized NOPAT Margin	3.60%	3.13%	0.00%	0.00%	1.87%	-0.15%	3.62%	0.61%	2.78%	2.44%	0.38%
Pre Tax Income Margin	2.02%	-5.48%	0.00%	0.00%	1.29%	-3.53%	2.03%	-7.87%	-2.23%	-4.34%	-6.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.71	0.06	3.50	6.23	2.02	0.03	1.56	-1.24	0.44	0.03	-0.25
NOPAT to Interest Expense	0.39	0.52	-0.13	5.78	1.33	-0.04	1.06	-0.92	0.52	0.20	0.03
EBIT Less CapEx to Interest Expense	-0.93	-0.74	0.13	0.09	-5.19	-1.93	-0.58	-2.77	-0.68	-0.88	-1.44
NOPAT Less CapEx to Interest Expense	-2.25	-0.28	-3.51	-0.36	-5.88	-2.00	-1.08	-2.45	-0.61	-0.72	-1.16
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1,236.75%	-33.11%	20.64%	3.78%	0.92%	-13.55%	113.70%	-2.74%	-0.01%	-14.91%	-2.06%
Augmented Payout Ratio	1,428.52%	-33.11%	20.64%	24.47%	7.14%	-13.55%	113.70%	-2.74%	-0.01%	-14.91%	-2.06%

This table displays calculated financial ratios and metrics derived from Enviri's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	80,197,777.00	80,497,280.00	80,647,978.00	-	81,449,498.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	80,197,777.00	80,497,280.00	80,647,978.00	-	81,449,498.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-0.17	-0.59	-0.28	-	-0.13
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.60%	-15.97%	7.06%	0.16%	-3.91%	-6.78%	-8.67%	-7.83%	0.21%	-0.75%	0.35%
EBITDA Growth	-8.47%	1,650.40%	-1.97%	1.65%	17.77%	-217.60%	4.56%	-56.27%	-26.26%	111.15%	-34.40%
EBIT Growth	-30.97%	45.52%	-22.19%	-5.43%	46.84%	-205.71%	22.08%	-162.88%	-71.30%	37.58%	-125.35%
NOPAT Growth	369.81%	65.46%	105.48%	103.30%	-996.52%	-334.66%	18.76%	-123.01%	106.39%	43.99%	-97.29%
Net Income Growth	-450.36%	-48.26%	-96.11%	29.79%	-21.53%	-53.85%	27.61%	-318.61%	-74.11%	0.59%	-22.09%
EPS Growth	-566.67%	-44.68%	-83.33%	-21.43%	-14.29%	-54.41%	22.73%	-247.06%	-75.00%	2.80%	-18.18%
Operating Cash Flow Growth	33.97%	252.56%	-96.35%	547.56%	-92.29%	-46.85%	389.61%	-43.71%	2,382.70%	5.81%	226.30%
Free Cash Flow Firm Growth	-96.11%	-195.45%	-100.48%	84.75%	-2,797.59%	123.77%	163.19%	134.91%	122.98%	-71.92%	-20.28%
Invested Capital Growth	0.46%	9.03%	9.53%	7.36%	8.55%	-4.43%	-3.76%	-2.25%	-3.40%	-2.33%	-3.98%
Revenue Q/Q Growth	-1.98%	0.40%	60.12%	1.61%	-5.96%	-2.60%	-1.87%	2.55%	2.23%	-3.45%	-0.94%
EBITDA Q/Q Growth	-5.68%	-66.61%	24.20%	8.22%	9.28%	-133.34%	365.13%	-54.73%	84.26%	-94.58%	1,316.50%
EBIT Q/Q Growth	-19.69%	-210.61%	156.82%	28.23%	24.69%	-330.29%	133.15%	-166.05%	156.92%	-614.58%	87.79%
NOPAT Q/Q Growth	103.04%	-150.15%	65.08%	21.08%	-924.96%	75.68%	148.90%	-123.46%	329.18%	-316.60%	102.22%
Net Income Q/Q Growth	36.27%	-430.77%	68.56%	33.99%	-10.31%	-571.95%	85.21%	-281.71%	54.12%	-291.46%	88.59%
EPS Q/Q Growth	0.00%	-385.71%	67.65%	22.73%	5.88%	-556.25%	83.81%	-247.06%	52.54%	-271.43%	87.50%
Operating Cash Flow Q/Q Growth	306.17%	279.69%	-98.03%	2,795.85%	-96.45%	2,516.58%	-81.81%	232.92%	56.72%	11.51%	-43.92%
Free Cash Flow Firm Q/Q Growth	101.75%	-1,464.47%	-0.88%	27.60%	-209.96%	112.02%	134.22%	-60.00%	104.00%	-78.16%	342.56%
Invested Capital Q/Q Growth	-0.42%	8.88%	0.29%	-1.26%	0.68%	-4.14%	0.99%	0.28%	-0.50%	-4.14%	0.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.11%	13.49%	20.33%	21.27%	20.72%	12.41%	22.71%	17.63%	20.96%	14.96%	19.20%
EBITDA Margin	10.76%	3.58%	10.65%	11.34%	13.18%	-4.51%	12.19%	5.38%	9.70%	0.54%	7.79%
Operating Margin	4.82%	-2.41%	4.30%	5.12%	6.52%	-11.22%	5.59%	-1.28%	2.87%	-6.43%	0.14%
EBIT Margin	3.44%	-3.79%	3.14%	3.96%	5.25%	-12.42%	4.20%	-2.70%	1.50%	-8.02%	-0.99%
Profit (Net Income) Margin	-1.69%	-8.94%	-2.81%	-1.82%	-2.14%	-14.75%	-2.22%	-8.28%	-3.72%	-15.06%	-1.73%
Tax Burden Percent	190.24%	109.76%	222.33%	3,369.70%	-532.19%	85.80%	392.12%	109.97%	111.52%	115.75%	29.08%
Interest Burden Percent	-25.85%	215.02%	-40.20%	-1.37%	7.65%	138.42%	-13.52%	278.52%	-221.40%	162.28%	603.22%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	582.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	4.37%	-2.21%	3.51%	4.20%	-36.41%	-10.00%	4.84%	-1.09%	2.44%	-5.74%	0.13%
ROIC Less NNEP Spread (ROIC-NNEP)	1.63%	-5.82%	0.66%	1.50%	-22.77%	-12.90%	2.36%	-4.12%	0.06%	-9.93%	-0.58%
Return on Net Nonoperating Assets (RNNOA)	2.91%	-11.70%	1.37%	3.18%	-49.28%	-33.43%	6.42%	-11.92%	0.17%	-38.24%	-2.29%
Return on Equity (ROE)	7.28%	-13.91%	4.88%	7.38%	-85.69%	-43.43%	11.26%	-13.01%	2.61%	-43.98%	-2.16%
Cash Return on Invested Capital (CROIC)	3.44%	-5.54%	-5.03%	-3.11%	-3.88%	5.73%	5.21%	2.21%	2.60%	2.53%	3.11%
Operating Return on Assets (OROA)	2.74%	-3.18%	2.36%	2.97%	3.89%	-10.57%	3.51%	-2.19%	1.21%	-6.73%	-0.82%
Return on Assets (ROA)	-1.35%	-7.49%	-2.11%	-1.37%	-1.58%	-12.56%	-1.86%	-6.70%	-2.98%	-12.63%	-1.44%
Return on Common Equity (ROCE)	6.69%	-12.68%	4.47%	6.79%	-78.78%	-39.60%	10.30%	-11.85%	2.37%	-39.21%	-1.92%
Return on Equity Simple (ROE_SIMPLE)	-12.53%	0.00%	-19.23%	-18.87%	-19.38%	0.00%	-28.86%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	20	-10	18	22	-180	-44	21	-5.03	12	-25	0.56
NOPAT Margin	3.37%	-1.68%	3.01%	3.59%	-31.46%	-7.86%	3.91%	-0.90%	2.01%	-4.50%	0.10%
Net Nonoperating Expense Percent (NNEP)	2.73%	3.61%	2.86%	2.70%	-13.64%	2.90%	2.48%	3.03%	2.38%	4.20%	0.71%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.50%	-	-	-	-2.32%	1.12%	-0.26%	0.59%	-1.34%	0.03%
Cost of Revenue to Revenue	78.89%	86.51%	79.67%	78.73%	79.28%	87.59%	77.29%	82.37%	79.04%	85.04%	80.80%
SG&A Expenses to Revenue	15.66%	15.32%	14.51%	14.83%	15.55%	16.58%	16.25%	16.99%	16.23%	18.76%	16.63%
R&D to Revenue	0.15%	0.17%	0.14%	0.15%	0.15%	0.23%	0.09%	0.18%	0.15%	0.13%	0.08%
Operating Expenses to Revenue	16.30%	15.90%	16.03%	16.15%	14.21%	23.63%	17.12%	18.91%	18.09%	21.39%	19.06%
Earnings before Interest and Taxes (EBIT)	21	-23	19	24	30	-69	23	-15	8.65	-45	-5.44
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	64	21	64	69	76	-25	67	30	56	3.02	43
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.02	1.37	1.46	1.42	1.71	1.50	1.30	1.86	2.83	5.67	6.85
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.26	0.30	0.35	0.33	0.40	0.26	0.23	0.31	0.46	0.65	0.71
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.13	1.10	1.13	1.11	1.18	1.11	1.07	1.18	1.37	1.68	1.78
Enterprise Value to Revenue (EV/Rev)	0.88	0.88	1.01	0.98	1.06	0.86	0.85	0.96	1.10	1.31	1.39
Enterprise Value to EBITDA (EV/EBITDA)	8.16	9.49	8.57	8.28	8.50	10.92	10.41	14.54	19.39	18.78	23.30
Enterprise Value to EBIT (EV/EBIT)	27.10	43.65	29.10	28.79	27.25	534.35	245.32	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	29.07	37.14	29.04	28.85	28.56	90.22	75.80	0.00	0.00	984.48	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	29.85	18.16	27.03	16.34	20.18	25.68	23.30	32.37	24.93	28.88	26.73
Enterprise Value to Free Cash Flow (EV/FCFF)	32.97	0.00	0.00	0.00	0.00	18.99	20.10	52.69	51.61	65.90	56.12
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.33	2.49	2.68	2.73	2.78	3.20	3.28	3.63	3.81	5.30	5.79
Long-Term Debt to Equity	2.28	2.44	2.65	2.68	2.72	3.14	3.21	3.55	3.71	5.18	5.66
Financial Leverage	1.78	2.01	2.09	2.11	2.16	2.59	2.72	2.89	2.97	3.85	3.92
Leverage Ratio	4.52	4.71	4.80	4.86	4.95	5.37	5.51	5.85	6.02	7.37	7.45
Compound Leverage Factor	-1.17	10.13	-1.93	-0.07	0.38	7.43	-0.74	16.30	-13.33	11.96	44.96
Debt to Total Capital	69.96%	71.33%	72.83%	73.18%	73.57%	76.21%	76.65%	78.42%	79.23%	84.14%	85.27%
Short-Term Debt to Total Capital	1.42%	1.52%	0.96%	1.28%	1.62%	1.54%	1.59%	1.85%	2.07%	2.01%	1.85%
Long-Term Debt to Total Capital	68.54%	69.82%	71.87%	71.90%	71.95%	74.66%	75.06%	76.57%	77.16%	82.13%	83.42%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.45%	2.60%	2.25%	2.19%	2.11%	2.02%	2.07%	2.15%	2.20%	2.18%	2.24%
Common Equity to Total Capital	27.59%	26.06%	24.92%	24.63%	24.32%	21.78%	21.28%	19.44%	18.57%	13.69%	12.49%
Debt to EBITDA	5.96	6.54	5.89	5.78	5.60	7.84	7.90	10.29	12.06	10.06	11.92
Net Debt to EBITDA	5.55	5.97	5.45	5.35	5.17	7.35	7.34	9.52	11.04	9.25	11.01
Long-Term Debt to EBITDA	5.84	6.40	5.81	5.67	5.48	7.69	7.73	10.05	11.75	9.82	11.67
Debt to NOPAT	21.24	25.59	19.94	20.11	18.83	64.80	57.51	-1,166.48	-96.71	527.07	-93.86
Net Debt to NOPAT	19.77	23.36	18.47	18.62	17.37	60.74	53.43	-1,079.23	-88.49	484.93	-86.70
Long-Term Debt to NOPAT	20.81	25.05	19.67	19.76	18.41	63.48	56.31	-1,138.97	-94.19	514.51	-91.83
Altman Z-Score	1.85	1.81	1.82	1.81	1.82	1.77	1.82	1.70	1.79	1.80	1.88
Noncontrolling Interest Sharing Ratio	8.20%	8.83%	8.52%	8.05%	8.07%	8.82%	8.53%	8.95%	9.10%	10.85%	11.26%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.40	1.26	1.36	1.32	1.30	1.25	1.28	1.19	1.20	1.14	1.13
Quick Ratio	0.70	0.76	0.77	0.77	0.76	0.69	0.74	0.69	0.69	0.66	0.67
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	12	-166	-146	-106	-328	39	92	37	75	16	73
Operating Cash Flow to CapEx	67.48%	168.65%	5.97%	292.51%	3.78%	121.30%	32.71%	59.84%	115.92%	85.51%	67.77%
Free Cash Flow to Firm to Interest Expense	0.44	-5.90	-5.20	-3.79	-11.39	1.44	3.48	1.34	2.66	0.58	2.62
Operating Cash Flow to Interest Expense	0.65	2.43	0.05	1.40	0.05	1.33	0.25	0.80	1.21	1.35	0.77
Operating Cash Flow Less CapEx to Interest Expense	-0.31	0.99	-0.75	0.92	-1.22	0.23	-0.51	-0.53	0.17	-0.23	-0.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	0.84	0.75	0.75	0.74	0.85	0.84	0.81	0.80	0.84	0.83
Accounts Receivable Turnover	7.28	7.08	6.49	6.13	6.14	6.89	6.92	6.55	6.54	7.26	6.94
Inventory Turnover	21.51	14.15	12.07	12.19	11.75	10.25	9.64	9.53	9.35	9.97	10.00
Fixed Asset Turnover	3.52	3.47	3.12	3.14	3.11	3.42	3.37	3.23	3.22	3.29	3.30
Accounts Payable Turnover	8.76	8.54	7.38	7.50	7.36	8.31	8.09	7.76	7.37	7.98	7.49
Days Sales Outstanding (DSO)	50.12	51.57	56.21	59.58	59.43	52.97	52.74	55.68	55.79	50.25	52.57
Days Inventory Outstanding (DIO)	16.97	25.79	30.24	29.93	31.07	35.63	37.87	38.30	39.04	36.60	36.49
Days Payable Outstanding (DPO)	41.67	42.75	49.46	48.65	49.58	43.93	45.11	47.06	49.51	45.73	48.75
Cash Conversion Cycle (CCC)	25.41	34.60	36.99	40.86	40.92	44.66	45.50	46.93	45.32	41.12	40.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,729	1,883	1,888	1,864	1,877	1,799	1,817	1,822	1,813	1,738	1,745
Invested Capital Turnover	1.30	1.31	1.17	1.17	1.16	1.27	1.24	1.22	1.22	1.27	1.26
Increase / (Decrease) in Invested Capital	7.96	156	164	128	148	-83	-71	-42	-64	-41	-72
Enterprise Value (EV)	1,957	2,078	2,132	2,070	2,221	2,005	1,941	2,145	2,475	2,928	3,110
Market Capitalization	576	719	730	691	828	617	533	699	1,023	1,445	1,598
Book Value per Share	$7.07	$6.55	$6.27	$6.06	$6.04	$5.13	$5.10	$4.67	$4.48	$3.16	$2.86
Tangible Book Value per Share	($6.60)	($7.34)	($7.39)	($7.43)	($7.35)	($7.82)	($7.86)	($8.33)	($8.38)	($9.63)	($9.66)
Total Capital	2,043	2,007	2,010	1,972	1,990	1,889	1,922	1,936	1,944	1,863	1,866
Total Debt	1,429	1,432	1,464	1,443	1,464	1,440	1,473	1,518	1,540	1,568	1,591
Total Long-Term Debt	1,400	1,401	1,445	1,418	1,432	1,411	1,442	1,482	1,500	1,530	1,557
Net Debt	1,331	1,307	1,357	1,335	1,351	1,350	1,368	1,404	1,409	1,442	1,470
Capital Expenditures (CapEx)	27	40	23	13	37	30	20	37	30	45	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	169	78	118	107	106	83	85	44	39	-1.33	-5.52
Debt-free Net Working Capital (DFNWC)	268	203	225	215	219	173	189	158	170	124	116
Net Working Capital (NWC)	239	172	206	189	187	144	158	122	130	87	81
Net Nonoperating Expense (NNE)	30	43	35	33	-168	39	34	42	33	59	10
Net Nonoperating Obligations (NNO)	1,115	1,307	1,342	1,335	1,351	1,350	1,368	1,404	1,409	1,442	1,470
Total Depreciation and Amortization (D&A)	44	44	45	45	45	44	44	45	47	48	48
Debt-free, Cash-free Net Working Capital to Revenue	7.55%	3.29%	5.58%	5.07%	5.09%	3.55%	3.70%	1.97%	1.74%	-0.06%	-0.25%
Debt-free Net Working Capital to Revenue	11.97%	8.56%	10.68%	10.17%	10.52%	7.40%	8.26%	7.03%	7.58%	5.54%	5.17%
Net Working Capital to Revenue	10.67%	7.27%	9.76%	8.97%	8.97%	6.15%	6.92%	5.43%	5.79%	3.87%	3.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.14)	($0.68)	($0.22)	($0.17)	($0.16)	($1.05)	($0.17)	($0.59)	($0.28)	($1.04)	($0.13)
Adjusted Weighted Average Basic Shares Outstanding	79.85M	79.80M	79.95M	80.15M	80.17M	80.12M	80.33M	80.63M	80.67M	80.71M	82.29M
Adjusted Diluted Earnings per Share	($0.14)	($0.68)	($0.22)	($0.17)	($0.16)	($1.05)	($0.17)	($0.59)	($0.28)	($1.04)	($0.13)
Adjusted Weighted Average Diluted Shares Outstanding	79.85M	79.80M	79.95M	80.15M	80.17M	80.12M	80.33M	80.63M	80.67M	80.71M	82.29M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	79.83M	79.83M	80.10M	80.11M	80.14M	80.20M	80.50M	80.65M	80.65M	81.45M	82.71M
Normalized Net Operating Profit after Tax (NOPAT)	20	-10	26	22	26	-16	21	0.14	12	-25	0.56
Normalized NOPAT Margin	3.37%	-1.68%	4.26%	3.59%	4.56%	-2.93%	3.91%	0.02%	2.01%	-4.45%	0.10%
Pre Tax Income Margin	-0.89%	-8.14%	-1.26%	-0.05%	0.40%	-17.19%	-0.57%	-7.53%	-3.33%	-13.01%	-5.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.74	-0.81	0.67	0.87	1.05	-2.54	0.87	-0.55	0.31	-1.57	-0.20
NOPAT to Interest Expense	0.73	-0.36	0.64	0.78	-6.26	-1.60	0.81	-0.18	0.41	-0.88	0.02
EBIT Less CapEx to Interest Expense	-0.22	-2.25	-0.13	0.39	-0.23	-3.63	0.11	-1.88	-0.74	-3.14	-1.34
NOPAT Less CapEx to Interest Expense	-0.24	-1.80	-0.16	0.31	-7.54	-2.70	0.05	-1.51	-0.64	-2.46	-1.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-0.01%	-8.56%	-13.70%	-17.02%	-14.91%	-8.52%	-3.74%	-1.43%	-2.06%	0.00%
Augmented Payout Ratio	0.00%	-0.01%	-8.56%	-13.70%	-17.02%	-14.91%	-8.52%	-3.74%	-1.43%	-2.06%	0.00%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor-focused summary of Enviri (NYSE: NVRI) using the latest four years of quarterly statements, highlighting notable trends and potential implications for shareholders.

Operating cash flow improved meaningfully in 2025: Net cash from continuing operating activities rose from about $6.6 million in Q1 2025 to about $38.4 million in Q4 2025.
Liquidity support from financing activity in Q4 2025: Issuance of debt was $119.0 million, contributing to a positive net cash from financing activities of roughly $13.8 million in that quarter.
Mid-year liquidity cushion: Cash and cash equivalents were around $115.4 million in Q3 2025, providing a buffer against near-term obligations as liabilities remained sizable.
Non-cash charges helped cash flow: Depreciation and amortization were sizable in Q4 2025 (about $39.7 million and $7.9 million, respectively), supporting the improvement in cash flow from operations.
Revenue stability: The company continued to generate roughly mid-$500 million in revenue per quarter in 2025 (Q4 revenue around $555.0 million), suggesting a relatively flat topline across the period.
Leverage modestly rising: Long-term debt hovered around the $1.4–$1.5 billion range through 2025 (e.g., about $1.50B by Q3 2025), indicating increasing leverage over time.
Profitability continued to be challenged: Earnings per share remained negative across periods (Q4 2025 Basic and Diluted EPS at -$1.04), reflecting ongoing profitability issues despite cash flow strength.
Net income weakness persists: Consolidated net income in Q4 2025 was -$83.6 million, signaling continued bottom-line pressures despite improved cash flow from operations.
Free cash flow remained negative in Q4 2025: Net cash from operating activities (~$38.4M) minus net cash from investing activities (~$58.8M) produced a free cash flow figure of about -$20.4 million for the quarter.

05/20/26 01:24 AM ETAI Generated. May Contain Errors.

Enviri Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Enviri's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Enviri's net income appears to be on an upward trend, with a most recent value of -$163.71 million in 2025, rising from -$17.68 million in 2014. The previous period was -$124.34 million in 2024. View Enviri's forecast to see where analysts expect Enviri to go next.

Enviri's total operating income in 2025 was $4.25 million, based on the following breakdown:

Total Gross Profit: $427.10 million
Total Operating Expenses: $422.85 million

Over the last 9 years, Enviri's total revenue changed from $2.07 billion in 2014 to $2.24 billion in 2025, a change of 8.4%.

Enviri's total liabilities were at $2.41 billion at the end of 2025, a 9.4% increase from 2024, and a 37.9% increase since 2015.

In the past 10 years, Enviri's cash and equivalents has ranged from $0.00 in 2017 to $121.24 million in 2023, and is currently $103.67 million as of their latest financial filing in 2025.

Over the last 10 years, Enviri's book value per share changed from 3.39 in 2015 to 3.16 in 2025, a change of -6.7%.

Related Companies

Financial statements for NYSE:NVRI last updated on 5/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Enviri (NVRI) Financials

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Enviri (NVRI) Financials

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Enviri Financials - Frequently Asked Questions

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How has Enviri's revenue changed over the last 9 years?

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How has Enviri's book value per share changed over the last 10 years?

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