Enovix (ENVX) Return on Invested Capital [ROIC] (2023 - 2026)
Enovix (ENVX) reported Return on Invested Capital [ROIC] of -23.39% for Q2 2026, up 18.93 percentage points from -42.31% a year earlier but down 0.88 percentage points from the prior quarter.
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Analysis
Enovix (ENVX) Return on Invested Capital [ROIC] (2023 - 2026) Analysis & Trends
For FY2025, Enovix posted Return on Invested Capital [ROIC] of -28.54%, up 27.23 percentage points from FY2024.
- By year, Return on Invested Capital [ROIC] came in at -55.77% in FY2024 (+2.16 pp) and -57.93% in FY2023.
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of -76.64% in Q3 2024 and a high of -21.58% in Q4 2025.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last six quarters, with an average year-over-year change of +23.07 percentage points over the last seven quarters.
- Per Business Quant data, the three quarters before Q2 2026 came in at -22.50% (Q1 2026), -21.58% (Q4 2025) and -27.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 10.65% |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 26.62% |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 16.76% |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 7.88% |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | - |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | 10.63% |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 13.79% |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | 5.27% |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 1.97% |
| 10 | Enovix | 613.75 Mn | 615.79 Mn | 1.30 Mn | -23.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 5, 2026 | -23.39% |
| Apr 5, 2026 | -22.50% |
| Dec 28, 2025 | -21.58% |
| Sep 28, 2025 | -27.63% |
| Jun 29, 2025 | -42.31% |
| Mar 30, 2025 | -50.49% |
| Dec 29, 2024 | -61.89% |
| Sep 29, 2024 | -76.64% |
| Jun 30, 2024 | -70.40% |
| Mar 31, 2024 | -55.89% |
| Dec 31, 2023 | -53.66% |
API Access
Enovix Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=ENVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=ENVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();