Enovix Corporation (ENVX) Financial Ratios
7 years of historical data (2019–2025) · Industrials · Electrical Equipment & Parts
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
5.07
↓-31% vs avg
5yr avg: 7.29
30Y Low5.4·High9.8
ROE
↑
-59.9%
↓+0% vs avg
5yr avg: -60.2%
30Y Low-437%·High-15%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ENVX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Enovix Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $1.6B | $2.0B | $2.0B | $1.9B | $3.2B | — | — |
| Enterprise Value | $1.3B | $1.5B | $1.9B | $1.9B | $1.6B | $2.8B | — | — |
| P/E Ratio → | -8.92 | — | — | — | — | — | — | — |
| P/S Ratio | 43.65 | 49.79 | 85.57 | 259.21 | 309.19 | — | — | — |
| P/B Ratio | 5.07 | 5.78 | 7.92 | 7.59 | 5.38 | 9.81 | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
ENVX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 47.12 | 82.09 | 253.65 | 258.47 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
ENVX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Enovix Corporation earns an operating margin of -557.0%, below the Industrials sector average of 4.9%. Operating margins have expanded from -3012.2% to -557.0% over the past 3 years, signaling improving operational efficiency. A negative ROE of -59.9% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.2% | 19.2% | -8.9% | -725.0% | -274.7% | — | — | — |
| Operating Margin | -557.0% | -557.0% | -1051.7% | -3012.2% | -2128.0% | — | — | — |
| Net Profit Margin | -492.6% | -492.6% | -963.2% | -2800.5% | -832.3% | — | — | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -59.9% | -59.9% | -87.1% | -69.3% | -15.1% | -69.5% | -198.6% | -436.6% |
| ROA | -22.3% | -22.3% | -40.7% | -42.6% | -11.2% | -46.0% | -97.2% | -97.4% |
| ROIC | -74.2% | -74.2% | -93.9% | -132.6% | — | — | -568.7% | — |
| ROCE | -27.5% | -27.5% | -49.7% | -50.0% | -30.0% | -26.9% | -67.5% | -105.9% |
ENVX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $106M exceeds total debt of $21M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.08 | 0.08 | 0.77 | 0.73 | 0.02 | 0.03 | — | 1.52 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.31 | -0.32 | -0.16 | -0.88 | -1.15 | -0.80 | -1.23 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | -8.21 | -8.21 | -35.75 | -51.67 | -25.23 | -371.78 | -219.91 | — |
Net cash position: cash ($106M) exceeds total debt ($21M)
ENVX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Enovix Corporation's current ratio of 8.34x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 5.30x to 8.34x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 8.34 | 8.34 | 5.49 | 5.30 | 14.31 | 19.29 | 3.04 | 10.33 |
| Quick Ratio | 8.13 | 8.13 | 5.35 | 5.15 | 14.29 | 19.29 | 3.04 | 10.33 |
| Cash Ratio | 7.88 | 7.88 | 5.08 | 5.03 | 14.02 | 18.67 | 2.68 | 9.97 |
| Asset Turnover | — | 0.04 | 0.04 | 0.01 | 0.01 | — | — | — |
| Inventory Turnover | 1.89 | 1.89 | 3.28 | 7.22 | 36.65 | — | — | — |
| Days Sales Outstanding | — | 50.71 | 72.29 | 115.70 | 10.00 | — | — | — |
ENVX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Enovix Corporation returns 4.2% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 4.2% | 3.7% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 4.2% | 3.7% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $208M | $175M | $158M | $154M | $117M | $145M | $58M |
Peer Comparison
Compare ENVX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ENVXYou | $1B | -8.9 | — | — | 19.2% | -557.0% | -59.9% | -74.2% | — |
 SLDP | $726865 | -6.6 | — | — | 5.0% | -463.7% | -22.6% | -19.6% | — |
 SES | $317M | -4.5 | — | — | 53.8% | -393.4% | -29.6% | -35.1% | — |
 FLUX | $28M | -3.3 | — | — | 32.7% | -7.6% | — | -30.1% | — |
 CBAT | $71M | 6.1 | 5.2 | 3.1 | 23.7% | 5.0% | 10.1% | 4.6% | 1.7 |
 MVST | $633M | -21.8 | 102.3 | 11.3 | 28.6% | 1.6% | -7.3% | 0.9% | 26.6 |
 ALB | $23B | -33.5 | 32.3 | 32.8 | 13.1% | 1.8% | -5.1% | 0.6% | 4.4 |
 LAC | $1B | -28.5 | — | — | — | — | -6.1% | -7.1% | — |
 MP | $13B | -145.3 | — | — | -2.4% | -44.6% | -5.0% | -4.7% | — |
 AMKR | $19B | 51.5 | 17.4 | 100.2 | 14.0% | 7.0% | 8.6% | 7.6% | 1.4 |
 AMAT | $340B | 49.5 | 40.4 | 59.7 | 48.7% | 29.2% | 35.5% | 33.3% | 0.8 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonENVX — Frequently Asked Questions
Quick answers to the most common questions about buying ENVX stock.
What is Enovix Corporation's P/E ratio?
Enovix Corporation's current P/E ratio is -8.9x. This places it at the 50th percentile of its historical range.
What is Enovix Corporation's ROE?
Enovix Corporation's return on equity (ROE) is -59.9%. The historical average is -133.7%.
Is ENVX stock overvalued?
Based on historical data, Enovix Corporation is trading at a P/E of -8.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Enovix Corporation's profit margins?
Enovix Corporation has 19.2% gross margin and -557.0% operating margin.