Enviri Corporation

Enviri Corporation

NVRIยทNYSE

$17.75

-14%
IndustrialsWaste Management

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.

At a Glance

Live Snapshot
Market Cap$1.47B
EPS-2.0800
P/E Ratio-8.53
Earnings Date08/04/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -8.5).

Valuation inputs: P/E -8.5, earnings yield N/A, momentum -14.3%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -65.7%, ROIC +4.1%).

Profitability stack: net margin -7.5%, ROE -65.7%, ROIC +4.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +89.1%, momentum -14.3%, net margin -7.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Enviri Corporation Market vs Earnings Trajectory

NVRI ยท NYSE

Loading price and EPS data...

Enviri Corporation

Enviri Corporation Fair Value Envelope

NVRI ยท NYSE

Our analysis suggests that NVRI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $17.75, this represents a potential HIDDEN relative to our calculated worth for Enviri Corporation.

Intrinsic Value
Current Price: $17.75
3Y-8.0%
5Y+530.0%
10Y+94.0%
3Y+5.0%
5Y+46.0%
10Y+54.0%
3Y-7.0%
5Y+536.0%
10Y+96.0%
3Y-33.0%
5Y+88.0%
10Y-37.0%
3Y-402.0%
5Y-40.0%
10Y-144.0%
3Y-3.0%
5Y-10.0%
10Y+71.0%
Enviri Corporation

Enviri Corporation Profit Bridge

NVRI ยท NYSE
Revenue2.24B
Cost of Goods Sold (1.77B)
Gross Profit471.99M
Operating Expenses (385.06M)
Operating Income86.93M
Interest Expense (110.96M)
Other Income/Expense-223.60M
Pretax Income-136.66M
Income Tax (22.99M)
Net Income-167.60M
Net Income
-167.60M

Profitability Analysis

Gross Margin

21.1%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

3.9%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

-7.5%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Non-operating losses: Core business is profitable but other expenses (interest, taxes, one-time items) are driving net losses. Review capital structure and non-operating items.

21.05%
Gross Profit Margin
12%
3Y+33.0%
5Y+11.0%
10Y+9.0%
3.88%
Operating Profit Margin
186%
3Y-182.0%
5Y-1899.0%
10Y-11.0%
-7.48%
Net Profit Margin
37%
3Y-11.0%
5Y+335.0%
10Y+27.0%
-65.71%
Return on Equity
111%
3Y+108.0%
5Y+1539.0%
10Y-26.0%
-6.19%
Return on Assets
28%
3Y-4.0%
5Y+603.0%
10Y+14.0%
4.06%
Return on Invested Capital
179%
3Y-190.0%
5Y-3756.0%
10Y-30.0%
NVRI

Enviri Corporation Cash Conversion Engine

NVRI ยท NYSE
Net Income-167.02M
Depreciation & Amortization153.38M
Stock-Based Compensation21.01M
Change in Working Capital65.19M
Others26.88M
Capital Expenditures-141.28M
Free Cash Flow-39.87M

Cash Flow Quality Analysis

FCF Conversion Rate

23.9%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

139.3%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+33.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$65.19M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

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Enviri Corporation Funding & Solvency Profile

NVRI ยท NYSE
Cash & Cash Equivalents105.70M
Net Receivables358.06M
Inventory173.28M
Other Current Assets85.08M
Total Current Assets722 M
Property, Plant & Equipment823.16M
Goodwill & Intangible Assets1.02B
Long-Term Investments0.00
Other Non-Current Assets114.33M
Total Non-Current Assets937 M
Total Assets
2.70B

Financial Health Analysis

Current Ratio

1.13x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

8.84x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

81 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

27% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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Enviri Corporation Street Expectations Map

NVRI ยท NYSE

No Target Data

No analyst price targets available for nvri.

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Enviri Corporation Insider Positioning

NVRI ยท NYSE

During the last 12 months, insiders have sold $176K worth of NVRI shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

9.7K

176.20K

Net Activity

-176K

-$176K

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
KJO

Kozak Jennifer Ott

Officer: Senior Vice President & Chro

9.7K sharesโ€ข1 transactions

$176K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $176K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

1 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.00%
Dividend Yield
-100%
3Y-
5Y-
10Y-
ย 

nvri Dividend History

NVRI
10Y CAGR +0%
Latest $15
Annual $15
Stable dividend payments
Last Period: +0%