ENVX

Company Overview — What Does Enovix Corp Do?

Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California. Enovix Corp (ENVX) is classified as a small-cap stock in the Industrials sector, specifically within the Electrical Equipment industry. The company is led by CEO Harrold J. Rust and employs approximately 340 people. With a market capitalization of $1.1B, ENVX is one of the notable companies in the Industrials sector.

Enovix Corp (ENVX) Stock Rating — Avoid (April 2026)

As of April 2026, Enovix Corp receives a Avoid rating with a composite score of 19.3/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.ENVX ranks #4,302 out of 4,446 stocks in our coverage universe. Within the Industrials sector, Enovix Corp ranks #732 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

ENVX Stock Price and 52-Week Range

Enovix Corp (ENVX) currently trades at $6.15. The stock gained $0.57 (10.2%) in the most recent trading session. The 52-week high for ENVX is $16.49, which means the stock is currently trading -62.7% from its annual peak. The 52-week low is $4.79, putting the stock 28.4% above its annual trough. Recent trading volume was 7.9M shares, reflecting moderate market activity.

Is ENVX Overvalued or Undervalued? — Valuation Analysis

Enovix Corp (ENVX) carries a value factor score of 23/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 4.41x, versus the sector average of 2.23x. The price-to-sales ratio is 48.56x, compared to 0.50x for the average Industrials stock.

At current multiples, Enovix Corp trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Enovix Corp Profitability — ROE, Margins, and Quality Score

Enovix Corp (ENVX) earns a quality factor score of 12/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -52.6%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -16.4% versus the sector average of 3.3%.

On a margin basis, Enovix Corp reports gross margins of 8.4%, compared to 35.8% for the sector. The operating margin is -787.4% (sector: 6.2%). Net profit margin stands at -562.9%, versus 3.9% for the average Industrials stock. Revenue growth is running at 112.1% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

ENVX Debt, Balance Sheet, and Financial Health

Enovix Corp has a debt-to-equity ratio of 190.0%, compared to the Industrials sector average of 70.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 8.34x, indicating strong short-term liquidity. Total debt on the balance sheet is $520M. Cash and equivalents stand at $336M.

ENVX has a beta of 2.48, meaning it is more volatile than the broader market — a $10,000 investment in ENVX would be expected to move 147.7% more than the S&P 500 on any given day. The stability factor score for Enovix Corp is 25/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Enovix Corp Revenue and Earnings History — Quarterly Trend

In TTM 2026, Enovix Corp reported revenue of $25M and earnings per share (EPS) of $-0.75. Net income for the quarter was $-144M. Gross margin was 8.4%. Operating income came in at $-183M.

In FY 2025, Enovix Corp reported revenue of $32M and earnings per share (EPS) of $-0.75. Net income for the quarter was $-157M. Gross margin was 19.2%. Revenue grew 37.9% year-over-year compared to FY 2024. Operating income came in at $-177M.

In Q3 2025, Enovix Corp reported revenue of $8M and earnings per share (EPS) of $-0.26. Net income for the quarter was $-54M. Gross margin was 17.5%. Revenue grew 85.1% year-over-year compared to Q3 2024. Operating income came in at $-47M.

In Q2 2025, Enovix Corp reported revenue of $7M and earnings per share (EPS) of $-0.22. Net income for the quarter was $-44M. Gross margin was 26.0%. Revenue grew 98.2% year-over-year compared to Q2 2024. Operating income came in at $-44M.

Over the past 8 quarters, Enovix Corp has demonstrated a growth trajectory, with revenue expanding from $4M to $25M. Investors analyzing ENVX stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

ENVX Dividend Yield and Income Analysis

Enovix Corp (ENVX) does not currently pay a dividend. This is common among smaller companies in the Electrical Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.

ENVX Momentum and Technical Analysis Profile

Enovix Corp (ENVX) has a momentum factor score of 16/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 35/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

ENVX vs Competitors — Industrials Sector Ranking and Peer Comparison

Within the Industrials sector, Enovix Corp (ENVX) ranks #732 out of 752 stocks based on the Blank Capital composite score. This places ENVX in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.

Comparing ENVX against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full ENVX vs S&P 500 (SPY) comparison to assess how Enovix Corp stacks up against the broader market across all factor dimensions.

ENVX Next Earnings Date

No upcoming earnings date has been announced for Enovix Corp (ENVX) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy ENVX? — Investment Thesis Summary

The quantitative profile for Enovix Corp suggests caution. The quality score of 12/100 flags below-average profitability. The value score of 23/100 indicates premium valuation. Momentum is weak at 16/100, a headwind for near-term performance. High volatility (stability score 25/100) increases portfolio risk.

In summary, Enovix Corp (ENVX) earns a Avoid rating with a composite score of 19.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on ENVX stock.

Related Resources for ENVX Investors

Explore more research and tools: ENVX vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare ENVX head-to-head with peers: ENVX vs SOBO, ENVX vs TEN, ENVX vs GLDD.