AMPX vs ELVA vs ENVX Stock Comparison

Amprius Technologies, Electrovaya and Enovix Prices as of Oct 26, 2026 Peers: Industry group
ELVA Electrovaya Inc.
$5.13 -19.2% 1M -22.3% 1Y
Market cap
$203.60M
P/E
46.2x
Revenue (TTM)
$71.82M
Div. yield
–
Energy Storage Industrials
5 wins
ENVX Enovix Corp
$2.68 -6.6% 1M -78.2% 1Y
Market cap
$726.52M
P/E
–
Revenue (TTM)
$35.88M
Div. yield
–
Energy Storage Industrials
2 wins

Head to Head

9 decided of 12

Electrovaya leads on 5 of the 12 questions below (Electrovaya 5, Amprius Technologies 2, Enovix 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMPXELVAENVXLeader
Larger companyMarket capitalisation $1.27B $203.60M $726.52M AMPX
Cheaper on earningsLower P/E, profitable companies only -33.0x 46.2x -4.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 57.0x — –
Faster revenue growthRevenue growth, trailing twelve months +143.6% +30.9% +34.9% AMPX
More profitableNet margin, trailing twelve months -35.2% 6.1% -473.9% ELVA
Better return on capitalReturn on invested capital — 3.4% -23.4% ELVA
Less leveragedLower net debt / EBITDA — 4.9x -0.4x ENVX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -35.2% -22.3% -78.2% ELVA
Better 5-year returnAnnualised price return, 5 years — +1.7%/yr -35.5%/yr ELVA
Less volatileAnnualised volatility, 1 year 99.9% 94.5% 88.0% ENVX
Higher overall scoreMean of the five percentile scores vs peers 52/100 76/100 30/100 ELVA

Percentile Scorecard

AMPXELVAENVX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMPXELVAENVX
Valuation 43 #35 of 61 65 #22 of 61 18 #50 of 61
Growth 46 #32 of 58 95 #4 of 58 53 #28 of 58
Profitability 46 #30 of 55 74 #15 of 55 19 #45 of 55
Financial Health 91 #7 of 71 54 #33 of 71 43 #41 of 71
Shareholder Returns 32 #20 of 29 93 #3 of 29 18 #24 of 29
Overall 52 76 30
  • AMPX ranked among 71 companies in Clean Energy Equipment
  • ELVA ranked among 71 companies in Clean Energy Equipment
  • ENVX ranked among 71 companies in Clean Energy Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMPXELVAENVXSPY
1 month -14.4%-19.2%-6.6% -0.8%
3 months -13.8%-38.9%-36.6% +3.5%
6 months -61.0%-44.9%-58.8% +7.0%
Year to date +5.8%-35.1%-63.3% +12.2%
1 year -35.2%-22.3%-78.2% +13.0%
3 years +198.2%+80.8%-69.4% +86.3%
3 years, per year +44.0%+21.8%-32.7% +23.1%
5 years —+8.8%-88.8% +68.6%
5 years, per year —+1.7%-35.5% +11.0%
10 years —-56.0%— +258.0%
10 years, per year —-7.9%— +13.6%

Risk

MeasureAMPXELVAENVXSPY
Volatility, 1Y 99.9%94.5%88.0% 12.7%
Downside volatility, 1Y 106.4%90.9%94.8% 12.7%
Beta vs S&P 500, 1Y 3.443.443.61 1.00
Return / volatility, 1Y -0.35-0.24-0.89 1.02
Max drawdown, 5Y -94.5%-64.2%-93.7% -25.4%
From 52-week high -63.6%-58.2%-78.1% -1.8%
52-week high $22.91$12.26$12.21 $779.14
52-week low $7.59$4.23$2.25 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMPXELVAENVX
P/E now vs peer median -31.2xmedian 25.4x 45.5xmedian 25.4x -3.4xmedian 25.4x
P/S now vs peer median 11.2xmedian 2.1x 3.0xmedian 2.1x 16.4xmedian 2.1x
EV/EBITDA now vs peer median -30.8xmedian 17.5x 47.0xmedian 17.5x -4.6xmedian 17.5x
P/FCF now vs peer median -20.9xmedian 27.3x 57.1xmedian 27.3x -4.7xmedian 27.3x
P/B now vs peer median 9.7xmedian 1.7x 3.2xmedian 1.7x 2.8xmedian 1.7x
PEG now vs peer median -4.15median 0.77 —median 0.77 -0.18median 0.77

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMPXELVAENVX
Revenue $109.23M $71.82M $35.88M
Gross profit $24.31M $23.70M $6.76M
Operating income -$41.15M $6.72M -$178.15M
Net income -$36.54M $4.41M -$170.09M
Free cash flow -$58.44M $3.78M -$124.20M
R&D $13.16M $4.26M $107.23M
EPS (diluted) $-0.27 – $-0.78
Cash & equivalents $74.52M $13.08M $33.74M
Total debt – $118.21M $531.59M
Shares (diluted) 143.47M – 218.50M
Enterprise value $968.38M $141.10M -$1.35B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMPXELVAENVX
P/E -31.2x 45.5x -3.4x
P/FCF -20.9x 57.1x -4.7x
P/Operating cash flow -23.1x -25.9x -5.5x
P/S 11.2x 3.0x 16.4x
P/B 9.7x 3.2x 2.8x
P/Tangible book 9.7x 3.2x 3.2x
EV/EBITDA -30.8x 47.0x -4.6x
EV/EBIT -27.8x 35.9x -3.6x
EV/Revenue 10.5x 3.4x 17.9x
EV/FCF -19.6x 63.7x -5.2x
EV/Operating cash flow -21.7x -28.9x -6.0x
PEG (3Y EPS CAGR) -4.15 – -0.18

Growth

14 metrics
MetricAMPXELVAENVX
Revenue growth (1Y) 143.6% 30.9% 34.9%
Revenue CAGR (3Y) 203.2% 31.3% 78.8%
Gross profit growth (1Y) 390.2% 45.1% 158.6%
Gross profit CAGR (3Y) 65.0% 43.3% 28.9%
Operating income growth (1Y) -4.2% 159.9% -4.7%
Operating income CAGR (3Y) -10.1% 52.9% 8.9%
Net income growth (1Y) 3.9% 267.2% -32.7%
Net income CAGR (3Y) -8.2% 38.9% 9.6%
EPS growth (1Y) 14.2% – -24.5%
EPS CAGR (3Y) 7.5% – 19.0%
Operating cash flow growth (1Y) -55.5% -26.6% -20.1%
Operating cash flow CAGR (3Y) -37.2% – 2.8%
Free cash flow growth (1Y) -75.3% 145.4% 11.0%
Free cash flow CAGR (3Y) -33.4% – 5.7%

Profitability

14 metrics
MetricAMPXELVAENVX
Gross margin 22.3% 33.0% 18.8%
EBITDA margin -34.1% 7.1% -392.7%
Operating margin -37.7% 9.3% -496.5%
Pretax margin -37.7% 9.3% -476.6%
Net margin -35.2% 6.1% -473.9%
FCF margin -53.5% 5.3% -346.2%
Operating cash flow margin -48.4% -11.6% -299.3%
Return on equity -35.0% 9.8% -74.8%
Return on assets -29.4% 5.7% -20.8%
Return on invested capital – 3.4% -23.4%
Return on capital employed -33.8% 6.6% -23.3%
Asset turnover 0.8x 0.6x 0.0x
Cash conversion (OCF / net income) 1.4x -1.9x 0.6x
Stock comp / revenue 7.6% 4.6% 133.9%

Financial Health

11 metrics
MetricAMPXELVAENVX
Debt / assets – 32.3% 66.5%
Debt / equity – 0.6x 2.5x
Net debt / EBITDA – 4.9x -0.4x
Debt / FCF – 10.1x -4.3x
Liabilities / assets 15.8% 43.3% 73.5%
Equity / assets 84.2% 56.7% 26.5%
Interest coverage – 18.8x -5.6x
Current ratio 7.2x 7.5x 9.7x
Quick ratio 6.3x 4.3x 9.2x
Cash ratio 4.1x 1.3x 9.1x
Altman Z-score 29.69 2.53 -1.27

Shareholder Returns

7 metrics
MetricAMPXELVAENVX
Dividend yield – – –
Net buyback yield -2.2% 1.9% -30.3%
Shareholder yield -2.2% 1.9% -30.3%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMPXELVAENVX
Forward P/E – 57.0xFY2026 –
EPS, next fiscal year $-0.09FY2026 $0.09FY2026 $-0.58FY2026
EPS growth, next FY – 0.0%FY2026 –
EPS growth, the year after – +133.3% –
Revenue, next fiscal year $150.37MFY2026 $74.36MFY2026 $37.92MFY2026
Revenue growth, next FY +106.0%FY2026 +16.5%FY2026 +19.2%FY2026
Revenue growth, the year after +50.8% +44.3% +104.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMPXELVAENVX
Held by institutions 67.4% 37.1% 51.0%
Institutions holding 259 94 300
Change in shares held, QoQ +14.9% +4.8% +2.6%
Institutions buying 173 52 150
Institutions selling 63 26 94
Buyers to sellers 2.75 2.00 1.60

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMPXELVAENVX
AMPX 1.00 0.46 0.60
ELVA 0.46 1.00 0.43
ENVX 0.60 0.43 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMPX, ELVA and ENVX?

Amprius Technologies (AMPX) is the largest by market capitalisation: Amprius Technologies (AMPX) $1.27B, Electrovaya (ELVA) $203.60M, Enovix (ENVX) $726.52M.

Which company is growing faster?

Amprius Technologies (AMPX) grew revenue fastest over the trailing twelve months: Amprius Technologies (AMPX) +143.6%, Electrovaya (ELVA) +30.9%, Enovix (ENVX) +34.9%.

Which company is more profitable?

Electrovaya (ELVA) has the highest net margin (Amprius Technologies (AMPX) -35.2%, Electrovaya (ELVA) 6.1%, Enovix (ENVX) -473.9%). On return on invested capital, Electrovaya (ELVA) leads (Electrovaya (ELVA) 3.4%, Enovix (ENVX) -23.4%).

Which stock has performed better?

Over the past year Electrovaya (ELVA) returned the most: Amprius Technologies (AMPX) -35.2%, Electrovaya (ELVA) -22.3%, Enovix (ENVX) -78.2%. Over five years, Electrovaya (ELVA) compounded fastest (Electrovaya (ELVA) +1.7%/yr, Enovix (ENVX) -35.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Enovix (ENVX) has been the steadiest (Amprius Technologies (AMPX) 99.9%, Electrovaya (ELVA) 94.5%, Enovix (ENVX) 88.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMPX, ELVA and ENVX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Electrovaya (ELVA) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.