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← CockpitCompetitor Analysis › ENVX Enovix CorporationOpen in the cockpit ↗

Enovix CorporationENVXCompetitor analysis, valuation and peers

United States · USD·Industrials›Electrical Products
Momentum laggard 12
Mkt cap
$606M
US dollars, full cap
Free float
87%
of shares outstanding
$/day
$31.5M
20-day average traded
P/B
2.88×
price to book
ROE
-82.2%
delivered
Implied ROE
42.0%
what the price asks
Next earnings
110 days
24 Feb 2027
Close · USD$2.76
1D+15.0%
1W-12.4%
1M+10.4%
3M-40.5%
6M-58.2%
YTD-62.2%
1Y-75.6%
ATR %11.7%
Beta3.44
52w lowhigh73.3% off high

What Enovix does

Employees: 664

Enovix at a glance

Size Enovix (ENVX) is a United States Industrials company (Electrical Products) with a market value of $606M, the 2577th largest of 3,117 United States companies the cockpit tracks. Shares closed at $2.76 on 6 Nov 2026.

Performance Over six months the shares fell 58.2%, against -34.2% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue grew 34.9% over the last twelve months (peer median +7.1%); the operating margin is -496.5% (peer median 1.2%).

Valuation It trades at 2.88× book value against a peer median of 3.30× (8th cheapest of 20).

Price implies The share price implies a return on equity of about 42.0%; Enovix delivers -82.2%, so the price asks more than the business earns today.

Short interest Short interest is 26.2% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

5010011 May 202611 Aug 20266 Nov 2026Peer median 64ENVX 38
Six months, rebased to 100: Enovix against the median of its 20 peers (local-currency closes).

Enovix financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$35.9M$31.8M$23.1M$7.64M$6.20M
Revenue growth—+38%+202%+23%—
Gross profit-$8.84M-$27.6M-$44.9M-$55.4M-$17.0M
EBITDA-$141M-$143M-$158M-$187M-$119M
Net income-$170M-$157M-$222M-$214M-$51.6M
Free cash flow-$124M-$114M-$185M-$166M-$119M
Capital expenditure$16.8M$18.2M$76.2M$61.8M$36.2M
Total debt$537M$540M$195M$191M$8.23M

Quarterly statements and history in the cockpit →

Enovix competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%-40%-20%0%0025603013873617603016NNE301012002112603191301202NRGVXPP603988POWERICA603097688448300447600379EOSE300111ENVX6-month return →1-month return →
Up and to the right = strong over both horizons. Enovix is the large dot.

Fundamentals: return on equity against price-to-book

-200%-100%0%00×250×500×750×002560301387603016NRGVENVXReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Enovix is the large dot.

Capital: ROE delivered against the ROE the price implies

-250%0%250%500%750%0%500%002560301387NRGV603988ENVXROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Enovix is the large dot.

Enovix competitors and peer comparison

How Enovix compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Enovix against its 20 peers (data as of 6 Nov 2026)
MeasureENVXPeer medianRank in peer set
1-month return+10.4%-12.8%2nd highest of 21
6-month return-58.2%-34.2%3rd lowest of 21
Return on equity-82.2%0.9%2nd lowest of 20
Price / book2.88×3.30×8th cheapest of 20
ROE the price implies42.0%29.4%8th most demanding of 20
ROE delivered-82.2%0.9%2nd lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Enovix ENVXUnited States$606M-58%+35%-82%2.88×42.0%-82.2%
Henan Tong-Da Cable 002560.SZChina$607M-47%+16%5%1.52×14.3%4.8%
Shenzhen Bromake New Material 301387.SZChina$602M-45%+25%-2%2.49×29.4%-2.0%
CyberPower Systems 3617.TWTaiwan$610M+11%0%22%2.04×12.0%21.9%
Wuxi New Hongtai Electrical Technology 603016.SSChina$614M-50%-4%7%5.03×46.4%6.8%
Nano Nuclear Energy NNEUnited States$597M-60%n/a-8%0.97×19.3%-8.0%
Jiangsu Yangdian Science & Technology 301012.SZChina$596M-43%0%4%3.30×26.3%3.9%
Sanbian Sci-Tech 002112.SZChina$617M-37%+7%1%4.26×33.6%0.9%
Chongqing Wangbian Electric (Group) 603191.SSChina$594M-42%+5%-1%1.49×14.1%-1.3%
Suzhou Longway Electronic Machinery 301202.SZChina$589M-25%+27%6%3.36×47.2%5.6%
Energy Vault NRGVUnited States$589M-28%+337%-232%84.64×723.9%-232.5%
XP Power XPP.LUnited Kingdom$589M-17%-1%-5%2.49×42.1%-4.8%
SEC Electric Machinery 603988.SSChina$585M-33%-15%0%5.92×57.6%-0.1%
Powerica POWERICA.NSIndia$628M-5%+14%17%2.98×22.0%n/a
Jiangsu Huachen Transformer 603097.SSChina$629M-4%+13%2%3.65×20.9%1.7%
Nanjing CIGU Technology 688448.SSChina$581M-15%-18%0%3.79×40.4%0.0%
Nanjing Quanxin Cable Technology 300447.SZChina$581M-35%+8%2%1.92×17.1%1.6%
Shaanxi Baoguang Vacuum Electronic Apparatus 600379.SSChina$580M-30%+7%8%4.73×54.1%7.7%
Eos Energy Enterprises EOSEUnited States$634M-78%+534%n/an/an/an/a
Zhejiang Founder Motor 002196.SZChina$634M-35%+26%1%3.15×28.3%0.8%
Zhejiang Sunflower Great Health 300111.SZChina$635M-15%-20%-3%6.35×43.0%-3.1%

Questions

Which companies are Enovix's closest peers?
The cockpit's peer set: Henan Tong-Da Cable (002560.SZ), Shenzhen Bromake New Material (301387.SZ), CyberPower Systems (3617.TW), Wuxi New Hongtai Electrical Technology (603016.SS), Nano Nuclear Energy (NNE), Jiangsu Yangdian Science & Technology (301012.SZ), Sanbian Sci-Tech (002112.SZ), Chongqing Wangbian Electric (Group) (603191.SS).
Is Enovix expensive compared with its peers?
On price / book it trades at 2.88× against a peer median of 3.30×, 8th cheapest of 20 in its peer set. The share price implies a return on equity of about 42.0%; Enovix delivers -82.2%, so the price asks more than the business earns today.
How has Enovix stock performed?
Over six months to 6 Nov 2026 the shares returned -58.2% against -34.2% for the median peer; over one year -75.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.