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Enovix Corporation ENVX Return on invested capital

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Other financials

Income statement

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Revenue$7.6M+49.1%
Gross profit$1.6M+495%
Operating income-$43.9M-3.1%
Net income-$38.3M-62.7%
EPS (diluted)-$0.18-50.0%

Balance sheet

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Cash & equivalents$90.6M-52.7%
Total debt$543.6M+179%
Total equity$240.7M+2.4%
Total assets$833.9M+67.1%

Cash flow

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Operating cash flow-$33.1M-95.6%
CapEx$3.2M-48.7%
Free cash flow-$36.3M-56.6%

Valuation

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Market cap$1.3B-18.0%
Enterprise value$1.75B+10.5%
P/S37.8×-31.2×

Profitability

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Gross margin21.5%
Operating margin-520.3%-160pp
Net margin-499.6%-149pp
FCF margin-368.9%-117pp

Returns & leverage

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Return on equity-72.1%-10.0pp
Debt / equity2.3×+1.4×
Current ratio11×+6.3×

Where this comes from

Calculated from Enovix Corporation’s reported figures.

Based on trailing twelve months.

The official record: Enovix Corporation’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Enovix Corporation's return on invested capital?
Enovix Corporation (ENVX) reported return on invested capital of -38.3% in Q1 2026.
How has Enovix Corporation's return on invested capital changed year-over-year?
Enovix Corporation's return on invested capital increased by 61.2% year-over-year, from -98.7% to -38.3%.
What is the long-term trend for Enovix Corporation's return on invested capital?
Over 2 years (2023 to 2025), Enovix Corporation's return on invested capital has grown at a -52.5% compound annual growth rate (CAGR), from -179.5% to -40.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.