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Enovix Corporation (ENVX) 10-Year Financial Performance & Capital Metrics

ENVX • • Industrial / General
IndustrialsElectrical EquipmentBattery Materials & ComponentsAdvanced Battery Technologies
AboutEnovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.Show more
  • Revenue $23M +201.9%
  • EBITDA -$198M -0.7%
  • Net Income -$222M -3.8%
  • EPS (Diluted) -1.27 +8.0%
  • Gross Margin -8.86% +98.8%
  • EBITDA Margin -856.84% +66.6%
  • Operating Margin -1051.7% +65.1%
  • Net Margin -963.17% +65.6%
  • ROE -87.07% -25.6%
  • ROIC -93.89% +29.2%
  • Debt/Equity 0.77 +5.8%
  • Interest Coverage -35.75 +30.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 10.6% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM60.04%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM46.29%

EPS CAGR

10Y-
5Y-
3Y-
TTM46.15%

ROCE

10Y Avg-55.02%
5Y Avg-44.84%
3Y Avg-43.24%
Latest-49.69%

Peer Comparison

Advanced Battery Technologies
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Momentum & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SDSTWStardust Power Inc.0.11-0.19-8.42%
SDSTStardust Power Inc.35.84M3.65-0.66
STISolidion Technology Inc.63.75M8.79-0.68-100%-640.89%
NVXNovonix Limited285.63M1.36-2.27-51.75%-8.76%-81.63%0.51
ENVXEnovix Corporation1.69B7.82-6.16201.86%-481.35%-61.96%0.77
SLDPSolid Power, Inc.1.08B5.63-10.4315.67%-468.64%-25.42%0.02
LTBRLightbridge Corporation568.76M17.57-21.69-10.64%
AMPXAmprius Technologies, Inc.1.32B10.15-22.56168.08%-53.16%-30.09%0.54

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+0006.2M7.64M23.07M
Revenue Growth %----0.23%2.02%
Cost of Goods Sold+161K3.38M1.97M23.24M63.06M25.12M
COGS % of Revenue---3.75%8.25%1.09%
Gross Profit+-161K-3.38M-1.97M-17.04M-55.42M-2.04M
Gross Margin %----2.75%-7.25%-0.09%
Gross Profit Growth %--19.96%0.42%-7.66%-2.25%0.96%
Operating Expenses+16.35M20.16M67.56M114.94M174.84M240.62M
OpEx % of Revenue---18.53%22.87%10.43%
Selling, General & Admin4.2M5.71M29.7M51.97M79.01M74.31M
SG&A % of Revenue---8.38%10.34%3.22%
Research & Development12.15M14.44M37.85M58.05M88.39M124.51M
R&D % of Revenue---9.36%11.56%5.4%
Other Operating Expenses00-24K4.92M7.43M41.81M
Operating Income+-16.51M-23.53M-69.52M-131.98M-230.25M-242.67M
Operating Margin %----21.28%-30.12%-10.52%
Operating Income Growth %--0.43%-1.95%-0.9%-0.74%-0.05%
EBITDA+-16M-25.33M-68.03M-189.34M-196.25M-197.71M
EBITDA Margin %----30.53%-25.67%-8.57%
EBITDA Growth %--0.58%-1.69%-1.78%-0.04%-0.01%
D&A (Non-Cash Add-back)509K-1.8M1.49M-57.37M34.01M44.96M
EBIT-16.51M-23.53M-69.52M-131.98M-210.31M-217.14M
Net Interest Income+23K-107K-187K09.61M5.54M
Interest Income23K005.23M14.07M12.33M
Interest Expense0107K187K5.23M4.46M6.79M
Other Income/Expense323K-16.12M-56.35M80.36M15.49M18.74M
Pretax Income+-16.19M-39.65M-125.87M-51.62M-214.76M-223.93M
Pretax Margin %----8.32%-28.1%-9.7%
Income Tax+0000-633K-1.39M
Effective Tax Rate %1%1%1%1%1%0.99%
Net Income+-16.19M-39.65M-125.87M-51.62M-214.07M-222.24M
Net Margin %----8.32%-28.01%-9.63%
Net Income Growth %--1.45%-2.17%0.59%-3.15%-0.04%
Net Income (Continuing)-16.19M-39.65M-125.87M-51.62M-214.13M-222.53M
Discontinued Operations000000
Minority Interest00002.96M2.66M
EPS (Diluted)+-0.28-0.26-1.08-0.82-1.38-1.27
EPS Growth %-0.07%-3.15%0.24%-0.68%0.08%
EPS (Basic)-0.28-0.26-1.08-0.34-1.35-1.27
Diluted Shares Outstanding57.74M145.25M117.22M154.15M158.26M175.04M
Basic Shares Outstanding57.74M145.25M117.22M152.92M157.56M175.04M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+10.6M33.04M398.12M329.65M323.18M295.01M
Cash & Short-Term Investments10.23M29.14M385.29M322.85M306.81M272.87M
Cash Only10.23M29.14M385.29M322.85M233.12M272.87M
Short-Term Investments000073.69M0
Accounts Receivable000170K2.42M4.57M
Days Sales Outstanding---10115.772.29
Inventory000634K8.74M7.66M
Days Inventory Outstanding---9.9650.57111.36
Other Current Assets75K2.96M4.55M5.99M5.2M9.9M
Total Non-Current Assets+6.02M31.92M84.44M110.94M241.13M232.16M
Property, Plant & Equipment4.92M31.29M83.28M110M181.76M181.43M
Fixed Asset Turnover---0.06x0.04x0.13x
Goodwill000012.1M12.22M
Intangible Assets000042.17M36.39M
Long-Term Investments000000
Other Non-Current Assets1.1M630K1.16M937K5.1M2.13M
Total Assets+16.61M64.96M482.56M440.59M564.3M527.17M
Asset Turnover---0.01x0.01x0.04x
Asset Growth %-2.91%6.43%-0.09%0.28%-0.07%
Total Current Liabilities+1.03M10.87M20.64M23.03M61.02M53.7M
Accounts Payable257K2.08M3.14M7.08M21.25M9.49M
Days Payables Outstanding582.64225.27583.41111.15123137.93
Short-Term Debt00005.92M9.45M
Deferred Revenue (Current)01000K1000K50K1000K1000K
Other Current Liabilities95K1.38M4.81M8.81M13.17M11.26M
Current Ratio10.33x3.04x19.29x14.31x5.30x5.49x
Quick Ratio10.33x3.04x19.29x14.29x5.15x5.35x
Cash Conversion Cycle----91.1943.2745.73
Total Non-Current Liabilities+11.88M17.88M135.81M61.13M242.18M224.06M
Long-Term Debt5.65M000169.1M169.82M
Capital Lease Obligations009.07M8.23M15.59M13.29M
Deferred Tax Liabilities000010.8M8.78M
Other Non-Current Liabilities6.23M17.8M124.45M49.17M42.91M28.39M
Total Liabilities12.91M28.75M156.45M84.16M303.2M277.77M
Total Debt+5.65M09.07M8.23M190.61M192.56M
Net Debt-4.58M-29.14M-376.22M-314.62M-42.51M-80.3M
Debt / Equity1.52x-0.03x0.02x0.73x0.77x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage--219.91x-371.78x-25.23x-51.67x-35.75x
Total Equity+3.71M36.22M326.12M356.43M261.1M249.4M
Equity Growth %-8.77%8%0.09%-0.27%-0.04%
Book Value per Share0.060.252.782.311.651.42
Total Shareholders' Equity3.71M36.22M326.12M356.43M258.15M246.74M
Common Stock59K10K15K15K17K19K
Retained Earnings-167.63M-207.28M-333.15M-384.77M-598.85M-821.09M
Treasury Stock0----0
Accumulated OCI0000-62K-143K
Minority Interest00002.96M2.66M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-10.98M-20.05M-51.7M-82.74M-77.41M-108.63M
Operating CF Margin %----13.34%-10.13%-4.71%
Operating CF Growth %--0.83%-1.58%-0.6%0.06%-0.4%
Net Income-16.19M-39.65M-125.87M-51.62M-154.09M-222.53M
Depreciation & Amortization509K579K1.51M7.97M11M44.96M
Stock-Based Compensation328K666K10.71M30.37M57.83M58.84M
Deferred Taxes013.64M0000
Other Non-Cash Items5.29M2.53M56.2M-70.26M7.85M26.46M
Working Capital Changes-922K2.19M5.74M802K4.92M-16.36M
Change in Receivables000-170K169K-2.46M
Change in Inventory000-634K418K1.07M
Change in Payables01.83M1.52M2.27M4.34M-7.97M
Cash from Investing+-1.65M-26.95M-43.58M-36.21M-132.01M-1.38M
Capital Expenditures-1.65M-26.95M-43.58M-36.21M-32.98M-76.19M
CapEx % of Revenue---5.84%4.31%3.3%
Acquisitions------
Investments------
Other Investing000000
Cash from Financing+5.79M65.92M451.49M56.51M159.59M150.75M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing137K65.95M466.52M3.69M-3.93M39.2M
Net Change in Cash------
Free Cash Flow+-12.63M-47M-95.29M-118.95M-110.39M-184.82M
FCF Margin %----19.18%-14.44%-8.01%
FCF Growth %--2.72%-1.03%-0.25%0.07%-0.67%
FCF per Share-0.22-0.32-0.81-0.77-0.70-1.06
FCF Conversion (FCF/Net Income)0.68x0.51x0.41x1.60x0.36x0.49x
Interest Paid-----5.69M
Taxes Paid-----185K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-436.57%-198.63%-69.48%-15.13%-69.33%-87.07%
Return on Invested Capital (ROIC)--568.72%---132.63%-93.89%
Gross Margin----274.7%-724.97%-8.86%
Net Margin----832.34%-2800.51%-963.17%
Debt / Equity1.52x-0.03x0.02x0.73x0.77x
Interest Coverage--219.91x-371.78x-25.23x-51.67x-35.75x
FCF Conversion0.68x0.51x0.41x1.60x0.36x0.49x
Revenue Growth----23.25%201.86%

Revenue by Segment

202220232024
Product--23.1M
Product Growth---
Service6.2M--
Service Growth---

Revenue by Geography

202220232024
Asia Pacific-6.15M12.9M
Asia Pacific Growth--109.81%
SWITZERLAND--4.78M
SWITZERLAND Growth---
NORWAY--2.36M
NORWAY Growth---
Other--1.26M
Other Growth---
TAIWAN--889K
TAIWAN Growth---
UNITED STATES--889K
UNITED STATES Growth---
EMEA-1.02M-
EMEA Growth---
North America-473K-
North America Growth---

Frequently Asked Questions

Growth & Financials

Enovix Corporation (ENVX) reported $26.6M in revenue for fiscal year 2024.

Enovix Corporation (ENVX) grew revenue by 201.9% over the past year. This is strong growth.

Enovix Corporation (ENVX) reported a net loss of $128.0M for fiscal year 2024.

Dividend & Returns

Enovix Corporation (ENVX) has a return on equity (ROE) of -87.1%. Negative ROE indicates the company is unprofitable.

Enovix Corporation (ENVX) had negative free cash flow of $139.5M in fiscal year 2024, likely due to heavy capital investments.

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