Enovix (ENVX) Asset Utilization Ratio (2022 - 2026)
Enovix's Asset Utilization Ratio came in at 0.04 for Q2 2026, down 20.1% from 0.05 a year earlier but up 9.6% from the prior quarter.
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Analysis
Enovix (ENVX) Asset Utilization Ratio (2022 - 2026) Analysis & Trends
For FY2025, Enovix's Asset Utilization Ratio was 0.05, up 7.0% from FY2024.
- Asset Utilization Ratio has increased in each of the last three years.
- Going back by year, Asset Utilization Ratio was 0.04 in FY2024 (+177.9%), 0.02 in FY2023 (+13.2%) and 0.01 in FY2022.
- The five-year range for quarterly Asset Utilization Ratio is 0.01 (Q3 2023) to 0.05 (Q2 2025).
- Year-over-year, Asset Utilization Ratio has declined for four consecutive quarters, with growth averaging 74.1% over the last eight quarters.
- The fastest year-over-year change in Asset Utilization Ratio over five years came in Q3 2024 (growth of 262.5%), and the weakest in Q4 2023 (a decline of 43.4%).
- Business Quant data shows ENVX's Asset Utilization Ratio at 0.04 (Q1 2026), 0.04 (Q4 2025) and 0.04 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 0.53 |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 0.60 |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 0.40 |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 0.80 |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 0.78 |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 0.87 |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 0.95 |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 0.47 |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 0.29 |
| 10 | Enovix | 635.67 Mn | 637.71 Mn | 1.30 Mn | 0.04 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 5, 2026 | 0.04 |
| Apr 5, 2026 | 0.04 |
| Dec 28, 2025 | 0.04 |
| Sep 28, 2025 | 0.04 |
| Jun 29, 2025 | 0.05 |
| Mar 30, 2025 | 0.04 |
| Dec 29, 2024 | 0.05 |
| Sep 29, 2024 | 0.04 |
| Jun 30, 2024 | 0.03 |
| Mar 31, 2024 | 0.02 |
| Dec 31, 2023 | 0.01 |
| Oct 1, 2023 | 0.01 |
| Jul 2, 2023 | 0.01 |
| Apr 2, 2023 | 0.03 |
| Jan 1, 2023 | 0.02 |
| Oct 2, 2022 | 0.01 |
| Jul 3, 2022 | 0.01 |
API Access
Enovix Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=ENVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "ENVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=ENVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();