Enovix (ENVX) Return on Capital Employed (2021 - 2026)
Enovix (ENVX) reported Return on Capital Employed of 22.17% for Q2 2026, up 2507.0% on a YoY basis from 0.85% in Q2 2025, and down 3.98% quarter-over-quarter from 21.32% in Q4 2025.
Enovix (ENVX) Return on Capital Employed (2021 - 2026) Analysis & Trends
Enovix has reported Return on Capital Employed for 6 years, with the latest figure at 22.17% in Q2 2026.
- For the quarter ending Q2 2026, Return on Capital Employed rose 2507.0% year-over-year to 22.17%; the trailing twelve-month figure through Apr 2026 stood at 22.17% (up 2507.0% YoY), and the FY2025 full-year result was 27.78%, up 2154.0% from the prior year.
- Return on Capital Employed for Q2 2026 stood at 22.17%, down from 21.32% in the prior quarter.
- The five-year high for Return on Capital Employed was 14.65% in Q2 2022, with the low at 66.72% in Q3 2024.
- Historically, Return on Capital Employed has averaged 40.9% across 5 years, with a median of 47.24% in 2025.
- Annual changes were most pronounced in 2022 — Return on Capital Employed soared 10084 bps — and 2023, when it plunged 3833 bps.
- Enovix's Return on Capital Employed stood at 23.05% in 2022, then sank by 108 bps to 47.86% in 2023, then retreated by 17 bps to 55.93% in 2024, then jumped by 62 bps to 21.32% in 2025, then declined by 4 bps to 22.17% in 2026.
- The last three Return on Capital Employed figures came in at 22.17% (Q2 2026), 21.32% (Q4 2025), and 26.6% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 26.52% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 4.38% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 11.66% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 18.97% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 13.11% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 32.43% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | -16.28% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 15.83% |
| 10 | Enovix | 1.46 Bn | 1.46 Bn | 1.55 Mn | -22.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 5, 2026 | -22.17% |
| Dec 28, 2025 | -21.32% |
| Sep 28, 2025 | -26.60% |
| Jun 29, 2025 | -39.39% |
| Mar 30, 2025 | -47.24% |
| Dec 29, 2024 | -55.93% |
| Sep 29, 2024 | -66.72% |
| Jun 30, 2024 | -63.58% |
| Mar 31, 2024 | -49.43% |
| Dec 31, 2023 | -47.86% |
| Oct 1, 2023 | -52.07% |
| Jul 2, 2023 | -53.95% |
| Apr 2, 2023 | -52.98% |
| Jan 1, 2023 | -40.38% |
| Oct 2, 2022 | -23.05% |
| Jul 3, 2022 | -18.04% |
| Apr 3, 2022 | -14.65% |
| Oct 3, 2021 | -17.15% |
| Jun 30, 2021 | -118.88% |