On November 20, 2025, we entered into definitive agreements with Veolia Environnement S.A., a French société anonyme (“Veolia”), for the sale of our Clean Earth segment (the “Clean Earth Business”), including (i) an Agreement and Plan of Merger, dated as of November 20, 2025 (the “Merger Agreement”), by and among Enviri Corporation, CLEH, Inc., a direct wholly owned subsidiary of Enviri Corporation (“CLEH”), Enviri LLC, a direct wholly owned subsidiary of CLEH (“Enviri LLC”), Veolia and Liberty Merger Sub Inc. and (ii) a Separation Agreement, dated as of November 20, 2025 (the “Separation Agreement”), by and among Enviri Corporation, CLEH, Veolia and Enviri II Corporation, a direct wholly owned subsidiary of Enviri Corporation (“New Enviri”).
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Service revenues | — | — | $1.93B | $1.98B | $1.99B | 37% |
Operating segments | $921M | $900M | $952M | $974M | $951M | 18% |
Environmental services related to resource recovery for metals manufacturing; and related logistical services | $921M | $900M | $952M | $974M | $951M | 18% |
Waste Processing and Reuse Solutions | $780M | $682M | $767M | $779M | $824M | 15% |
Product revenues | — | — | $435M | $372M | $252M | 5% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.2B | 2.2B | 2.3B | 2.4B | 2.1B | 1.8B |
| Net Income | -168M | -168M | -130M | -83M | -180M | -3.2M |
| EPS | $-2.08 | $-2.08 | $-1.62 | $-1.04 | $-2.27 | $-0.04 |
| Free Cash Flow | -40M | -40M | -59M | -25M | 13M | -86M |
| ROIC | 0.0% | - | 1.7% | 4.6% | -9.0% | 2.6% |
| Gross Margin | 22.9% | 22.9% | 23.2% | 31.0% | 15.7% | 19.4% |
| Debt/Equity | 6.67 | 6.67 | 3.91 | 2.94 | 2.56 | 1.97 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | - | 31M | 88M | -101M | 88M |
| Operating Margin | 0.0% | - | 1.3% | 3.7% | -4.7% | 4.8% |
| ROE | -65.7% | -51.8% | -28.3% | -15.2% | -27.3% | -0.5% |
| Shares Outstanding | 81M | 81M | 80M | 80M | 79M | 81M |
ENVIRI Corp passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 22.4%. At current prices, the estimated annualized return to fair value is -13.5%.
ENVIRI Corp (NVRI) has a 5-year average return on invested capital (ROIC) of -0.0%. This is below average and may indicate limited pricing power.
ENVIRI Corp (NVRI) has a market capitalization of $1.6B. It is classified as a small-cap stock.
ENVIRI Corp (NVRI) does not currently pay a regular dividend.
ENVIRI Corp (NVRI) operates in the Services-Services, Nec industry, within the Industrials sector.
ENVIRI Corp (NVRI) reported annual revenue of $2.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
ENVIRI Corp (NVRI) has a net profit margin of -7.5%. The company is currently unprofitable.
ENVIRI Corp (NVRI) generated $-40 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
ENVIRI Corp (NVRI) has a debt-to-equity ratio of 6.67. This indicates higher leverage, which may increase financial risk.
ENVIRI Corp (NVRI) reported earnings per share (EPS) of $-2.08 in its most recent fiscal year.
ENVIRI Corp (NVRI) has a return on equity (ROE) of -51.8%. A negative ROE may indicate losses or negative equity.
ENVIRI Corp (NVRI) has a 5-year average gross margin of 22.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for ENVIRI Corp (NVRI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ENVIRI Corp (NVRI) has a book value per share of $3.17, based on its most recent annual SEC filing.
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