Enovix (ENVX) Asset Utilization Ratio (2022 - 2026)

Enovix posted quarterly Asset Utilization Ratio of 0.04 for Q2 2026, down 10.2% year-on-year from 0.04 in Q2 2025, and up 12.89% on a QoQ basis from 0.04 in Q4 2025.

Enovix (ENVX) has 5 years of Asset Utilization Ratio data on file, last reported at 0.04 in Q2 2026.

  • For the quarter ending Q2 2026, Asset Utilization Ratio fell 10.2% year-over-year to 0.04; the trailing twelve-month figure through Apr 2026 stood at 0.04 (down 10.2% YoY), and the FY2025 full-year result was 0.05, up 7.05% from the prior year.
  • Asset Utilization Ratio for Q2 2026 stood at 0.04, up from 0.04 in the prior quarter.
  • Across five years, Asset Utilization Ratio topped out at 0.05 in Q2 2025 and bottomed at 0.01 in Q3 2022.
  • The 5-year median for Asset Utilization Ratio is 0.03 (2023), against an average of 0.03.
  • The widest annual swing landed in 2023, when Asset Utilization Ratio slumped 43.4%; it then soared 262.5% in 2024.
  • A 5-year view of Asset Utilization Ratio shows it stood at 0.01 in 2022, then surged by 31.76% to 0.01 in 2023, then jumped by 235.61% to 0.05 in 2024, then fell by 24.98% to 0.04 in 2025, then grew by 12.89% to 0.04 in 2026.
  • The last three Asset Utilization Ratio figures came in at 0.04 (Q2 2026), 0.04 (Q4 2025), and 0.04 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn 0.85
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn 0.54
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn 0.63
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn 0.72
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn 0.74
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn 1.00
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn 1.00
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn 0.93
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn 0.30
10 Enovix 1.45 Bn 1.45 Bn 1.55 Mn 0.04

Historic Data

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DateValue
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