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

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

Enovix (ENVX) Asset Utilization Ratio (2022 - 2026) Analysis & Trends

Enovix's Asset Utilization Ratio history runs 5 years deep, the most recent figure standing at 0.04 for Q2 2026.

  • Quarterly Asset Utilization Ratio fell 10.2% year-over-year to 0.04 in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 0.04 (down 10.2% YoY) and the FY2025 annual result came in at 0.05, up 7.05% from the prior year.
  • Asset Utilization Ratio was 0.04 for Q2 2026 at Enovix, 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.
  • A 5-year average of 0.03 and a median of 0.03 in 2023 frame the typical range for Asset Utilization Ratio.
  • Annual changes were most pronounced in 2023 — Asset Utilization Ratio tumbled 43.4% — and 2024, when it soared 262.5%.
  • Enovix's Asset Utilization Ratio stood at 0.01 in 2022, then soared by 31.76% to 0.01 in 2023, then surged by 235.61% to 0.05 in 2024, then retreated by 24.98% to 0.04 in 2025, then increased by 12.89% to 0.04 in 2026.
  • Business Quant data shows ENVX's Asset Utilization Ratio at 0.04 in Q2 2026, 0.04 in Q4 2025, and 0.04 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Electrovaya 406.17 Bn 406.14 Bn 6.04 Mn 0.69
2 Vertiv Holdings 107.54 Bn 105.04 Bn 999.70 Mn 0.85
3 Bloom Energy 51.10 Bn 48.61 Bn 225.54 Mn 0.54
4 Hubbell 25.73 Bn 25.22 Bn 505.30 Mn 0.72
5 nVent Electric 23.66 Bn 23.47 Bn 445.60 Mn 0.63
6 Advanced Energy Industries 10.68 Bn 9.99 Bn 200.90 Mn 0.74
7 Acuity Inc. (De) 10.04 Bn 9.63 Bn 606.40 Mn 1.00
8 Powell Industries 7.83 Bn 7.29 Bn 87.94 Mn 1.00
9 EnerSys 6.98 Bn 6.54 Bn 290.87 Mn 0.93
10 Enovix 895.57 Mn 895.57 Mn 1.55 Mn 0.04

Historic Data

Download Data
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