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ENVIRI Corp (NVRI) Fundamental Analysis & AI Grade 2026

NVRI NYSE Services-Services, NEC DE CIK: 0000045876
Updated This Month • Analysis: May 12, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
86% Confidence
STRONG AGREEMENT
D
88% Conf
D
83% Conf

📊 NVRI Key Takeaways

Revenue: $549.8M
Net Margin: -1.9%
Free Cash Flow: $-12.2M
Current Ratio: 1.13x
Debt/Equity: 6.68x
EPS: $-0.13
AI Grade: D with 88% confidence
ENVIRI Corp (NVRI) receives a D fundamental grade with 86% confidence from our AI analysis based on SEC 10-K filings. With revenue of $549.8M, net profit margin of -1.9%, and return on equity (ROE) of -4.6%, ENVIRI Corp demonstrates mixed fundamentals in the Services sector. Below is our complete NVRI stock analysis for 2026.

Is ENVIRI Corp (NVRI) a Good Investment?

Claude

ENVIRI exhibits severe financial distress with zero interest coverage (unable to service debt from operations), negative free cash flow despite modest operating cash generation, and deteriorating profitability. The 6.68x debt-to-equity ratio combined with stagnant revenue growth and negative net margins creates acute solvency and sustainability risks.

ChatGPT

ENVIRI’s fundamentals are weak: razor‑thin operating profitability, persistent net losses, and negative free cash flow alongside very high leverage and effectively zero interest coverage elevate refinancing and solvency risk. With flat revenue and sub‑4% gross margins, the business lacks operating leverage to delever organically. Until sustained margin expansion and consistently positive FCF are demonstrated, downside risk dominates.

ENVIRI Corp Key Strengths (NVRI)

Claude
  • + Maintains positive operating cash flow of 21.5M despite unprofitability
  • + Retains 105.7M in cash reserves providing near-term operational liquidity
  • + Large revenue base of 549.8M provides operational scale and market presence
ChatGPT
  • + Stable revenue base (flat YoY)
  • + Positive operating cash flow (~$101M)
  • + Cash balance and >1.0x current ratio provide a modest near‑term cushion

NVRI Stock Risks: ENVIRI Corp Investment Risks

Claude
  • ! Interest coverage of 0.0x—operating income cannot cover debt service obligations, indicating imminent financial stress
  • ! Negative free cash flow of -12.2M demonstrates unsustainable cash burn despite positive OCF
  • ! Debt-to-equity ratio of 6.68x with 1.6B long-term debt creates extreme leverage vulnerability
  • ! Net loss of 10.7M with deteriorating EPS (-28.4% YoY) signals operational collapse
  • ! Quick ratio of 0.86x indicates insufficient liquid assets to cover short-term liabilities
  • ! Zero revenue growth (0.0% YoY) with razor-thin 0.1% operating margin leaves no margin for error
ChatGPT
  • ! Extremely weak profitability (3.6% gross, 0.2% operating) and ongoing net losses
  • ! High leverage (Debt/Equity 6.1x) with effectively no interest coverage (0.0x)
  • ! Negative free cash flow and sub‑1.0x quick ratio indicate liquidity/refinancing risk

Key Metrics to Watch

Claude
  • * Interest Coverage Ratio trajectory (critical—currently insolvent at 0.0x)
  • * Free Cash Flow quarterly trend (must return to positive to avoid cash depletion)
  • * Debt reduction progress and refinancing ability
  • * Revenue growth acceleration and operating margin expansion
  • * Cash balance depletion rate against burn rate
ChatGPT
  • * Interest Coverage
  • * Free Cash Flow

ENVIRI Corp (NVRI) Financial Metrics & Key Ratios

Revenue
$549.8M
Net Income
$-10.7M
EPS (Diluted)
$-0.13
Free Cash Flow
$-12.2M
Total Assets
$2.7B
Cash Position
$105.7M

💡 AI Analyst Insight

ENVIRI Corp presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

NVRI Profit Margin, ROE & Profitability Analysis

Gross Margin 14.5%
Operating Margin 0.1%
Net Margin -1.9%
ROE -4.6%
ROA -0.4%
FCF Margin -2.2%

NVRI vs Services Sector: How ENVIRI Corp Compares

How ENVIRI Corp compares to Services sector averages

Net Margin
NVRI -1.9%
vs
Sector Avg 10.0%
NVRI Sector
ROE
NVRI -4.6%
vs
Sector Avg 16.0%
NVRI Sector
Current Ratio
NVRI 1.1x
vs
Sector Avg 1.5x
NVRI Sector
Debt/Equity
NVRI 6.7x
vs
Sector Avg 0.7x
NVRI Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is ENVIRI Corp Stock Overvalued? NVRI Valuation Analysis 2026

Based on fundamental analysis, ENVIRI Corp shows some fundamental concerns relative to the Services sector in 2026.

Return on Equity
-4.6%
Sector avg: 16%
Net Profit Margin
-1.9%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
6.68x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

ENVIRI Corp Balance Sheet: NVRI Debt, Cash & Liquidity

Current Ratio
1.13x
Quick Ratio
0.86x
Debt/Equity
6.68x
Debt/Assets
89.8%
Interest Coverage
0.03x
Long-term Debt
$1.6B

NVRI Revenue & Earnings Growth: 5-Year Financial Trend

NVRI 5-year financial data: Year 2021: Revenue $1.8B, Net Income $503.9M, EPS $6.19. Year 2022: Revenue $1.9B, Net Income -$26.3M, EPS $-0.33. Year 2023: Revenue $2.1B, Net Income -$3.2M, EPS $-0.04. Year 2024: Revenue $2.4B, Net Income -$180.1M, EPS $-2.27. Year 2025: Revenue $2.4B, Net Income -$83.0M, EPS $-1.04.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: ENVIRI Corp's revenue has grown significantly by 28% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.04 indicates the company is currently unprofitable.

NVRI Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-2.2%
Free cash flow / Revenue

NVRI Quarterly Earnings & Performance

Quarterly financial performance data for ENVIRI Corp including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $547.9M -$9.0M $-0.11
Q3 2025 $573.6M -$13.2M $-0.16
Q2 2025 $562.3M -$13.6M $-0.17
Q1 2025 $548.3M -$13.4M $-0.17
Q3 2024 $573.6M -$10.8M $-0.14
Q2 2024 $609.0M -$11.4M $-0.14
Q1 2024 $560.7M -$9.5M $-0.12
Q3 2023 $486.9M $2.1M $0.03

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

ENVIRI Corp Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$21.5M
Cash generated from operations
Capital Expenditures
$33.7M
Investment in assets
Dividends
None
No dividend program

NVRI SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for ENVIRI Corp (CIK: 0000045876)

📋 Recent SEC Filings

Date Form Document Action
May 22, 2026 4 xslF345X06/wk-form4_1779480073.xml View →
May 22, 2026 4 xslF345X06/wk-form4_1779480021.xml View →
May 22, 2026 4 xslF345X06/wk-form4_1779479975.xml View →
May 22, 2026 4 xslF345X06/wk-form4_1779479948.xml View →
May 22, 2026 4 xslF345X06/wk-form4_1779479903.xml View →

Frequently Asked Questions about NVRI

What is the AI rating for NVRI?

ENVIRI Corp (NVRI) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 86% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are NVRI's key strengths?

Claude: Maintains positive operating cash flow of 21.5M despite unprofitability. Retains 105.7M in cash reserves providing near-term operational liquidity. ChatGPT: Stable revenue base (flat YoY). Positive operating cash flow (~$101M).

What are the risks of investing in NVRI?

Claude: Interest coverage of 0.0x—operating income cannot cover debt service obligations, indicating imminent financial stress. Negative free cash flow of -12.2M demonstrates unsustainable cash burn despite positive OCF. ChatGPT: Extremely weak profitability (3.6% gross, 0.2% operating) and ongoing net losses. High leverage (Debt/Equity 6.1x) with effectively no interest coverage (0.0x).

What is NVRI's revenue and growth?

ENVIRI Corp reported revenue of $549.8M.

Does NVRI pay dividends?

ENVIRI Corp does not currently pay dividends.

Where can I find NVRI SEC filings?

Official SEC filings for ENVIRI Corp (CIK: 0000045876) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is NVRI's EPS?

ENVIRI Corp has a diluted EPS of $-0.13.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is NVRI's fundamental grade?

Based on our AI fundamental analysis in May 2026, ENVIRI Corp has a D grade with 86% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is NVRI stock overvalued or undervalued?

Valuation metrics for NVRI: ROE of -4.6% (sector avg: 16%), net margin of -1.9% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

What is NVRI's AI grade for 2026?

Our dual AI analysis gives ENVIRI Corp a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is NVRI's free cash flow?

ENVIRI Corp's operating cash flow is $21.5M, with capital expenditures of $33.7M. FCF margin is -2.2%.

How does NVRI compare to other Services stocks?

Vs Services sector averages: Net margin -1.9% (avg: 10%), ROE -4.6% (avg: 16%), current ratio 1.13 (avg: 1.5).

Is ENVIRI Corp carrying too much debt?

NVRI has a debt-to-equity ratio of 6.68x, which is above the Services sector average of 0.7x. However, the current ratio of 1.13 suggests adequate short-term liquidity.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 12, 2026 | Data as of: 2026-03-31 | Powered by Claude AI