Enovix (ENVX) Debt to Equity (2023 - 2026)

Enovix (ENVX) reported Debt to Equity of $2.18 for Q2 2026, up 188.92% on a YoY basis from $0.76 in Q2 2025, and up 12.98% quarter-over-quarter from $1.93 in Q4 2025.

Enovix (ENVX) Debt to Equity (2023 - 2026) Analysis & Trends

Enovix has reported Debt to Equity for 4 years, with the latest figure at $2.18 in Q2 2026.

  • For the quarter ending Q2 2026, Debt to Equity rose 188.92% year-over-year to $2.18; the trailing twelve-month figure through Apr 2026 stood at $2.18 (up 188.92% YoY), and the FY2025 full-year result was $1.93, up 168.65% from the prior year.
  • Debt to Equity for Q2 2026 stood at $2.18, up from $1.93 in the prior quarter.
  • The five-year high for Debt to Equity was $2.18 in Q2 2026, with the low at $0.66 in Q4 2023.
  • Historically, Debt to Equity has averaged $1.09 across 4 years, with a median of $0.82 in 2024.
  • Annual changes were most pronounced in 2025 — Debt to Equity slipped 16.09% — and 2026, when it surged 188.92%.
  • Enovix's Debt to Equity stood at $0.67 in 2023, then gained by 7.24% to $0.72 in 2024, then surged by 168.65% to $1.93 in 2025, then increased by 12.98% to $2.18 in 2026.
  • The last three Debt to Equity figures came in at $2.18 (Q2 2026), $1.93 (Q4 2025), and $1.78 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - 0.58
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 0.69
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn -
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 0.41
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 0.68
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 0.41
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn -
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn -
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 0.25
10 Enovix 1.46 Bn 1.46 Bn 1.55 Mn 2.18

Historic Data

Download Data
DateValue
Apr 5, 2026 2.18
Dec 28, 2025 1.93
Sep 28, 2025 1.78
Jun 29, 2025 0.87
Mar 30, 2025 0.76
Dec 29, 2024 0.72
Sep 29, 2024 1.06
Jun 30, 2024 1.04
Mar 31, 2024 0.76
Dec 31, 2023 0.67
Oct 1, 2023 0.66
Jul 2, 2023 0.67