Enovix (ENVX) Tax Rate (2023 - 2026)
Enovix's (ENVX) quarterly Tax Rate came in at 0.34% in Q2 2026, down 35.0% YoY from 0.52% in Q2 2025, and up 188.2% on a QoQ basis from 0.38% in Q4 2025.
Enovix (ENVX) Tax Rate (2023 - 2026) Analysis & Trends
Enovix (ENVX) has 4 years of Tax Rate data on file, last reported at 0.34% in Q2 2026.
- Quarterly Tax Rate fell 35.0% year-over-year to 0.34% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 0.74% (up 4.0% YoY) and the FY2025 annual result came in at 0.83%, up 21.0% from the prior year.
- Tax Rate climbed to 0.34% in Q2 2026, from 0.38% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 3.8% in Q2 2024 to a low of 10.73% in Q3 2024.
- A 4-year average of 0.54% and a median of 0.51% in 2026 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2024 — Tax Rate tumbled 422 bps — and 2025, when it surged 1151 bps.
- Tracing ENVX's Tax Rate over 4 years: stood at 1.04% in 2023, then slumped by 404 bps to 3.17% in 2024, then jumped by 88 bps to 0.38% in 2025, then jumped by 188 bps to 0.34% in 2026.
- The last three Tax Rate figures came in at 0.34% (Q2 2026), 0.38% (Q4 2025), and 0.78% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 19.71% |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 0.75% |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 23.48% |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 20.25% |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 18.17% |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 23.87% |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 24.54% |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 13.75% |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 23.02% |
| 10 | Enovix | 716.69 Mn | 716.69 Mn | 1.30 Mn | 1.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 5, 2026 | 1.01% |
| Jul 5, 2026 | 1.01% |
| Jul 5, 2026 | 1.01% |
| Apr 5, 2026 | 0.34% |
| Apr 5, 2026 | 0.34% |
| Apr 5, 2026 | 0.34% |
| Dec 28, 2025 | -0.38% |
| Dec 28, 2025 | -0.38% |
| Dec 28, 2025 | -0.38% |
| Sep 28, 2025 | 0.78% |
| Sep 28, 2025 | 0.78% |
| Sep 28, 2025 | 0.78% |
| Jun 29, 2025 | 1.91% |
| Jun 29, 2025 | 1.91% |
| Jun 29, 2025 | 1.91% |
| Mar 30, 2025 | 0.68% |
| Mar 30, 2025 | 0.68% |
| Mar 30, 2025 | 0.68% |
| Dec 29, 2024 | -3.17% |
| Dec 29, 2024 | -3.17% |