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Enviri NVRI Operating margin

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16%+0.6pp
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11.2%+0.2pp
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7.5%
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Casella Waste SystemsCWST
3.5%-0.7pp

Other financials

Income statement

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Revenue$549.8M+0.3%
Gross profit$181.9M+110%
Operating income$793.0K-97.3%
Net income-$10.7M-18.3%
EPS (diluted)-$0.13-18.2%

Balance sheet

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Cash & equivalents$121.5M+16.3%
Total debt$1.7B+9.2%
Total equity$233.2M-43.0%
Total assets$2.7B+0.6%

Cash flow

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Operating cash flow$21.5M+226%
CapEx$33.7M+56.0%
Free cash flow-$12.2M+18.9%

Valuation

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Market cap$578.38M-14.1%
Enterprise value$2.19B+1.6%
P/S0.3×0.0×

Profitability

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Gross margin31%+15.3pp
Net margin-7.4%+4.8pp
FCF margin-1.8%

Returns & leverage

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Return on equity-51.3%+745pp
Debt / equity7.4×+3.6×
Current ratio1.1×-0.2×

Where this comes from

Calculated from Enviri’s reported figures.

Based on trailing twelve months.

The official record: Enviri’s 10-Q, filed November 10, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Enviri's operating margin?
Enviri (NVRI) reported operating margin of 4% in Q3 2024.
How has Enviri's operating margin changed year-over-year?
Enviri's operating margin increased by 86.8% year-over-year, from 2.1% to 4%.
What is the long-term trend for Enviri's operating margin?
Over 3 years (2020 to 2023), Enviri's operating margin has grown at a 164.5% compound annual growth rate (CAGR), from -0.2% to 4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.