Enovix (ENVX) Return on Invested Capital (2023 - 2026)

Enovix (ENVX) reported Return on Invested Capital of 0.0% for Q2 2026, little changed on a YoY basis from 0.0% in Q2 2025, and down 4.25% quarter-over-quarter from 0.0% in Q4 2025.

Enovix (ENVX) Return on Invested Capital (2023 - 2026) Analysis & Trends

Enovix has reported Return on Invested Capital for 4 years, with the latest figure at 0.0% in Q2 2026.

  • For the quarter ending Q2 2026, Return on Invested Capital changed 0.0% year-over-year to 0.0%; the trailing twelve-month figure through Apr 2026 stood at 0.0% (changed 0.0% YoY), and the FY2025 full-year result was 0.0%, changed 0.0% from the prior year.
  • Return on Invested Capital for Q2 2026 stood at 0.0%, down from 0.0% in the prior quarter.
  • The five-year high for Return on Invested Capital was 0.0% in Q4 2025, with the low at 0.01% in Q3 2024.
  • Historically, Return on Invested Capital has averaged 0.0% across 4 years, with a median of 0.01% in 2023.
  • Annual changes were most pronounced in 2024 — Return on Invested Capital changed 0 bps — and 2025, when it gained 1 bps.
  • Enovix's Return on Invested Capital stood at 0.01% in 2023, then decreased by 18 bps to 0.01% in 2024, then soared by 66 bps to 0.0% in 2025, then slipped by 4 bps to 0.0% in 2026.
  • The last three Return on Invested Capital figures came in at 0.0% (Q2 2026), 0.0% (Q4 2025), and 0.0% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROIC (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 0.00%
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 0.00%
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 0.00%
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 0.00%
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 0.00%
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 0.00%
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 0.00%
10 Enovix 1.46 Bn 1.46 Bn 1.55 Mn 0.00%

Historic Data

Download Data
DateValue
Apr 5, 2026 0.00%
Dec 28, 2025 0.00%
Sep 28, 2025 0.00%
Jun 29, 2025 0.00%
Mar 30, 2025 -0.01%
Dec 29, 2024 -0.01%
Sep 29, 2024 -0.01%
Jun 30, 2024 -0.01%
Mar 31, 2024 -0.01%
Dec 31, 2023 -0.01%