Enovix (ENVX) Return on Capital Employed [ROCE] (2021 - 2026)
Enovix's Return on Capital Employed [ROCE] came in at -23.30% for Q2 2026, up 16.09 percentage points from -39.39% a year earlier but down 1.13 percentage points from the prior quarter.
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Analysis
Enovix (ENVX) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, Enovix's Return on Capital Employed [ROCE] was -27.78%, up 21.54 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a three-year change of +2.31 percentage points (FY2022 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was -49.32% in FY2024 (+2.84 pp), -52.16% in FY2023 (-22.07 pp) and -30.09% in FY2022.
- The five-year range for quarterly Return on Capital Employed [ROCE] is -66.72% (Q3 2024) to -21.32% (Q4 2025).
- Year-over-year, Return on Capital Employed [ROCE] has increased for six consecutive quarters, with an average year-over-year change of +14.94 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q3 2025 (a gain of 40.13 percentage points), and the weakest in Q3 2024 (a drop of 14.66 percentage points).
- Business Quant data shows ENVX's Return on Capital Employed [ROCE] at -22.17% (Q1 2026), -21.32% (Q4 2025) and -26.60% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 216.95 Bn | 178.02 Bn | 2.36 Bn | 8.04% |
| 2 | Bloom Energy | 57.07 Bn | 47.00 Bn | 417.10 Mn | 12.05% |
| 3 | First Solar | 18.48 Bn | 9.43 Bn | 605.00 Mn | 16.07% |
| 4 | Nextpower | 11.96 Bn | 7.86 Bn | 335.85 Mn | 23.08% |
| 5 | BWX Technologies | 11.65 Bn | 9.95 Bn | 202.31 Mn | 11.64% |
| 6 | Generac Holdings | 11.03 Bn | 9.86 Bn | 521.81 Mn | 9.38% |
| 7 | EnerSys | 6.03 Bn | 4.22 Bn | 313.36 Mn | 15.27% |
| 8 | Enphase Energy | 4.18 Bn | -683.79 Mn | 175.01 Mn | 4.90% |
| 9 | Mirion Technologies | 3.62 Bn | 1.51 Bn | 133.10 Mn | 1.68% |
| 10 | Enovix | 611.56 Mn | -1.46 Bn | 1.30 Mn | -23.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 5, 2026 | -23.30% |
| 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% |
API Access
Enovix Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=ENVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "ENVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=ENVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();