Enviri (NVRI) AI Stock Analysis

• Market Cap: $946.81M
• Dividend Yield: N/A
• Average Volume (3M): 1.12M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.63
• Revenue Growth: -0.83%
• EPS Growth: -61.90%
• Country: US
• Employees: 12,000
• Sector: Industrials
• Sector Strength: 73
• Industry: Waste Management
• EPS (TTM): -0.22
• Shares Outstanding: 80,647,980
• 10 Day Avg. Volume: 1,475,525
• 30 Day Avg. Volume: 1,118,368
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.40
• Enterprise Value/Revenue: 1.01
• Enterprise Value/Gross Profit: 5.52
• Enterprise Value/Ebitda: 14.89
• 1Y Price Target: $14.50
• Price Target Upside: 23.30% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 56 Neutral
• Price Target: $10.00 ▼(-14.97% Downside)

Enviri's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and high leverage. While technical analysis shows bullish momentum, the negative P/E ratio and lack of dividend yield weigh heavily on valuation. The earnings call provides a mixed outlook with potential upside from strategic reviews, but ongoing challenges in the Rail segment remain a concern.

Enviri Business Overview & Revenue Model

Company Description

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Harsco Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and produces value-added downstream products from industrial waste-stream. The Harsco Clean Earth segment provides specialty waste processing, treatment, and recycling and beneficial reuse solutions for waste needs, such as hazardous, non-hazardous, and contaminated soils and dredged materials. The company was formerly known as Harsco Corporation and changed its name to Enviri Corporation in June 2023. The company was founded in 1853 and is headquartered in Philadelphia, Pennsylvania.

How the Company Makes Money

Enviri generates revenue through multiple streams, primarily by providing waste management and recycling services to industrial, commercial, and municipal clients. The company charges fees for the collection, processing, and disposal of waste, as well as for consulting services that help clients optimize their waste management practices. Key revenue streams include contracts with large corporations for waste services, government contracts for municipal waste management, and the sale of recycled materials. Additionally, partnerships with other environmental organizations and technology firms enhance Enviri's service offerings and contribute to its earnings by expanding its market reach and capabilities.

Enviri Financial Statement Overview

Summary

Enviri faces financial challenges with declining revenues, high leverage, and persistent net losses. While there are some positive aspects, such as EBITDA margins and operating cash flow, the overall financial health is concerning due to high debt levels and negative profitability metrics.

Income Statement

Enviri's income statement shows a declining revenue trend with a negative revenue growth rate of -2.08% in the TTM period. The company has struggled with profitability, reflected in negative net profit margins and EBIT margins. Despite a positive EBITDA margin, the overall profitability is weak due to consistent net losses.

Balance Sheet

The balance sheet reveals high leverage with a debt-to-equity ratio of 4.30 in the TTM period, indicating significant reliance on debt financing. The return on equity is negative, suggesting inefficiencies in generating returns for shareholders. The equity ratio is low, highlighting potential financial instability.

Cash Flow

Cash flow analysis shows a positive operating cash flow, but free cash flow remains negative, indicating challenges in generating cash after capital expenditures. The free cash flow to net income ratio is negative, reflecting cash flow issues relative to net losses. However, there is a notable improvement in free cash flow growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.24B	2.34B	2.07B	1.89B	1.85B	1.86B
Gross Profit	411.85M	440.06M	435.56M	335.73M	357.84M	363.05M
EBITDA	152.64M	204.31M	266.23M	110.64M	256.90M	151.66M
Net Income	-157.41M	-127.97M	-86.12M	-180.07M	-3.25M	-26.34M
Balance Sheet
Total Assets	2.77B	2.65B	2.85B	2.79B	3.05B	2.99B
Cash, Cash Equivalents and Short-Term Investments	97.80M	88.36M	122.68M	81.33M	82.91M	76.45M
Total Debt	1.64B	1.53B	1.53B	1.46B	1.48B	1.39B
Total Liabilities	2.35B	2.20B	2.28B	2.17B	2.25B	2.28B
Stockholders Equity	376.27M	411.45M	523.15M	569.44M	748.16M	657.15M
Cash Flow
Free Cash Flow	-70.48M	-58.53M	-25.08M	13.18M	-86.49M	-66.72M
Operating Cash Flow	66.25M	78.06M	114.45M	150.53M	72.20M	53.82M
Investing Cash Flow	-76.09M	-34.07M	-116.58M	-99.06M	-124.45M	-520.64M
Financing Cash Flow	19.18M	-63.40M	43.12M	-42.78M	60.24M	486.96M

Enviri Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVRI, the sentiment is Positive. The current price of 11.76 is above the 20-day moving average (MA) of 10.48, above the 50-day MA of 9.60, and above the 200-day MA of 8.05, indicating a bullish trend. The MACD of 0.64 indicates Negative momentum. The RSI at 71.67 is Negative, neither overbought nor oversold. The STOCH value of 76.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NVRI.

Enviri Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MEG	70 Outperform	$1.03B	―	-7.61%	―	17.78%	2.57%
Sector *	64 Neutral	$10.73B	15.74	7.60%	2.01%	2.75%	-15.09%
NVRI	56 Neutral	$946.81M	―	-35.66%	―	-0.83%	-61.90%
PESI	52 Neutral	$222.57M	―	-34.16%	―	-16.87%	-124.96%
AMBI	―	$252.21M	―		―	―	―
ESGL	51 Neutral	$157.21M	―	-1184.17%	―	―	―
LNZA	40 Underperform	$44.52M	―	-490.45%	―	-40.11%	-36.69%

Enviri Corporate Events

Enviri Evaluates Strategic Alternatives for Shareholder Value

On August 5, 2025, Enviri Corporation announced that its Board of Directors has authorized a formal process to evaluate strategic alternatives to enhance shareholder value. The company reported a second quarter 2025 revenue of $562 million, with a GAAP consolidated loss from continuing operations of $46 million. Despite challenges in the Harsco Rail segment due to weak demand and global trade tensions, Clean Earth achieved record earnings, and Harsco Environmental maintained consistent performance. The company revised its 2025 guidance, reflecting a cautious outlook for Harsco Rail, and emphasized its commitment to strategic priorities.