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| Date | Value |
|---|---|
| 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 |