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NVRI

Enviri Corporation

NVRI

Enviri Corporation • NYSE
$18.34 ▲ 0.00% (+0.00)
Market Cap $1.48 B
52w High $18.74
52w Low $4.72
Dividend Yield 0%
P/E -9.03
Volume 923.57K
Outstanding Shares 80.65M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $574.815M ▲ $103.989M ▼ $-22.313M ▲ -3.882% ▲ $-0.28 ▲ $55.389M ▲
Q2-2025 $562.254M ▲ $106.295M ▲ $-47.607M ▼ -8.467% ▼ $-0.59 ▼ $41.723M ▼
Q1-2025 $548.284M ▼ $93.866M ▼ $-13.396M ▲ -2.443% ▲ $-0.17 ▲ $67.309M ▲
Q4-2024 $558.708M ▼ $132.041M ▲ $-83.242M ▼ -14.899% ▼ $-1.04 ▼ $-24.534M ▼
Q3-2024 $573.627M $81.51M $-13.168M -2.296% $-0.16 $76.606M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $115.357M ▲ $2.794B ▲ $2.39B ▲ $361.085M ▼
Q2-2025 $97.796M ▼ $2.77B ▲ $2.352B ▲ $376.266M ▼
Q1-2025 $102.471M ▲ $2.689B ▲ $2.24B ▲ $408.968M ▼
Q4-2024 $88.359M ▼ $2.65B ▼ $2.201B ▼ $411.448M ▼
Q3-2024 $110.243M $2.802B $2.276B $483.989M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-21.358M ▲ $34.435M ▲ $-29.792M ▲ $12.402M ▼ $17.484M ▲ $2.615M ▲
Q2-2025 $-46.549M ▼ $21.973M ▲ $-42.795M ▼ $28.001M ▲ $9.106M ▼ $-17.106M ▼
Q1-2025 $-12.195M ▲ $6.6M ▼ $-18.447M ▼ $26.127M ▲ $14.271M ▲ $-15.031M ▼
Q4-2024 $-82.428M ▼ $36.292M ▲ $-11.834M ▼ $-40.995M ▼ $-22.974M ▼ $1.667M ▲
Q3-2024 $-11.995M $1.387M $-3.014M $6.045M $5.626M $-40.187M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q2-2025
Aftermarket Parts and Services Safety and Diagnostic Technology
Aftermarket Parts and Services Safety and Diagnostic Technology
 $40.00M ▲$20.00M ▼$0 ▼$20.00M ▲
Aluminum Dross and Scrap Processing Systems
Aluminum Dross and Scrap Processing Systems
 $0 ▲$10.00M ▲$0 ▼$0 ▲
Applied Products
Applied Products
 $30.00M ▲$40.00M ▲$0 ▼$10.00M ▲
Products And Services Onsite Services And Material Logistics Product Quality Improvement And Resource Recovery
Products And Services Onsite Services And Material Logistics Product Quality Improvement And Resource Recovery
 $250.00M ▲$240.00M ▼$0 ▼$240.00M ▲
Railway Contracting Services
Railway Contracting Services
 $20.00M ▲$20.00M ▲$0 ▼$20.00M ▲
Railway Track Maintenance Equipment
Railway Track Maintenance Equipment
 $30.00M ▲$20.00M ▼$0 ▼$20.00M ▲
Waste Processing and Reuse Solutions
Waste Processing and Reuse Solutions
 $190.00M ▲$190.00M ▲$0 ▼$210.00M ▲
Harsco Rail
Harsco Rail
 $0 ▲$0 ▲$300.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Enviri’s revenue has been slowly growing over the last few years, but profits have not followed the same path. The core business can generate positive operating income and healthy EBITDA, which suggests the underlying services have value and some pricing power. However, the company keeps ending up with net losses after interest, restructuring, and other below-the-line items. Losses have actually widened more recently, even as sales improved, which points to pressure from financing costs, restructuring charges, or mix issues. Overall, the income statement tells a story of a business with real demand but still struggling to turn that into consistent, bottom-line profitability.

Balance Sheet

Balance Sheet The balance sheet shows a leveraged company with modest financial flexibility. Total assets have drifted slightly down, equity has been shrinking, and debt remains high relative to the size of the business. Cash on hand is limited, leaving little cushion for surprises and making the company more dependent on steady cash generation or asset sales. The gradual erosion of equity highlights the cumulative effect of repeated net losses. In short, the balance sheet is serviceable but tight, and it amplifies the importance of better profitability and successful execution of the restructuring plan.

Cash Flow

Cash Flow Operating cash flow is positive but thin, indicating that the business can support itself day to day, yet does not produce a wide margin of safety. Capital spending is consistently meaningful, which is normal for an industrial and rail-equipment company but pushes free cash flow into negative territory most years. That means Enviri has often needed outside funding, asset sales, or incremental debt to cover investments and other demands. Cash generation is not yet robust enough to comfortably de-lever, so improving free cash flow will be a key test of whether the new structure is working.

Competitive Edge

Competitive Edge Post-restructuring, “New Enviri” is centered on two specialized niches: industrial environmental services for steelmakers and rail maintenance technology. In environmental services, long-term, on-site contracts and deep process know‑how around slag and other byproducts create real switching costs for customers and barriers to entry for rivals. In rail, the company’s advanced maintenance equipment and data-driven monitoring platform give it a technical edge and position it more as a solutions partner than a commodity supplier. The flip side is exposure to cyclical end markets—steel and rail infrastructure—and the complexity of managing two distinct but capital-intensive businesses. Execution in these niches matters more than broad scale.

Innovation and R&D

Innovation and R&D Innovation is a clear bright spot. On the environmental side, Enviri has built decades of expertise turning steel waste into reusable materials, fitting neatly into the circular economy trend and tightening environmental regulations. On the rail side, its intelligent infrastructure system and advanced maintenance machines push the business toward predictive, software-enhanced services rather than just hardware sales. The company is also exploring opportunities in newer problem areas like PFAS remediation and other complex waste streams, though these are still emerging and carry uncertainty around regulation, customer adoption, and required investment. Continued R&D and successful commercialization will heavily influence whether innovation translates into stronger margins and more stable growth.

Summary

Enviri is in the middle of a strategic reset, narrowing its focus to industrial environmental solutions and rail technology where it has genuine technical depth and long-standing relationships. Revenue has been inching up and the core operations can produce decent operating earnings, but the company has not yet solved its recurring net loss problem. A leveraged balance sheet, modest cash reserves, and mostly negative free cash flow add pressure to get the restructuring right and to improve profitability and cash generation. On the positive side, the company’s moat-like environmental services, specialized rail technology, and alignment with sustainability and infrastructure trends provide a solid strategic footing. The main questions ahead are about execution: can “New Enviri” convert its niche strengths and innovations into durable profits, stronger cash flow, and a healthier balance sheet over time.

NEWS

November 21, 2025 · 8:22 PM UTC

Enviri Corporation Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Enviri Corporation - NVRI

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November 21, 2025 · 9:01 AM UTC

NVRI Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Enviri Corporation's Clean Earth is Fair to Shareholders

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November 21, 2025 · 1:30 AM UTC

Enviri Corporation Announces Sale of Clean Earth to Veolia for $3.04 Billion and Taxable Spin-Off of Harsco Environmental and Rail Businesses (“New Enviri”) to Shareholders

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November 10, 2025 · 7:00 AM UTC

Enviri Corporation Reports Third Quarter 2025 Results

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October 23, 2025 · 8:00 AM UTC

Clean Earth Opens New Service Center in Syracuse, New York

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