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Enviri Corporation(NVRI)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$20.21
10/02/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for NVRI

10/02/2026: NVRI (3-star) is currently NOT-A-BUY. Pass it for now.

Enviri Corporation is an environmental services firm focused on industrial waste management, metal recovery, and rail maintenance. The company’s primary strength lies in its long-term service contracts and specialized capabilities in treating complex hazardous waste. The main investment story centers on its strategic transition toward sustainability and the potential for organic growth in its environmental divisions. However, investors must weigh these opportunities against significant debt levels, industrial cyclicality, and stiff competition from larger waste management incumbents. The stock may appeal to those looking for an industrial-sector turnaround play, though its lack of dividends and high volatility make it less suitable for conservative or income-focused investors.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is tied to environmental regulation and remediation demand, but constrained by debt.
Momentum investorMixed fitMomentum is conditional on consistent positive earnings surprises and successful de-leveraging.
Value investorMixed fitThe stock may appear undervalued relative to its industrial assets, but carries significant balance sheet risk.
Dividend investorWeak fitThe company currently does not pay a dividend, making it unsuitable for income-focused investors.
Low-risk investorWeak fitHigh leverage and industry cyclicality create volatility unsuitable for conservative portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is susceptible to fluctuations in industrial manufacturing and commodity markets.
Valuation riskMediumValuation is sensitive to future cash flow projections and debt repayment timelines.
Competition risk (waste management)HighLarge incumbents like WM and CLH have scale advantages in the environmental services market.
Business qualityMediumThe transition from a legacy industrial firm to an environmental services company is an ongoing process.
Dividend incomeLow / noneNo dividend is currently being paid to shareholders.
Execution riskMedium / highThe company must successfully execute its debt reduction strategy while scaling its environmental businesses.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 45.82%
Avg. Invested days 35
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/02/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
NVRI receives a 2-star rating, reflecting soft or weak scores across the available pillars. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
NVRI has moderate overall fundamentals (3 stars), with soft financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-17.0%), weak cash generation (FCF margin -9.0%), negative revenue growth (-9.7%).

Financial Health Rating

★★★★★
NVRI's financial health is soft, with the relatively strongest area being moderate efficiency, including operating-expense and cost-of-revenue discipline (opex 16.8% of revenue). Profitability is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is NVRI's strongest growth driver at +23.2% FY2025 versus FY2024 (solid, 4 stars). By comparison, while revenue growth (-9.7%, negative) and earnings growth (-17.0%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 93.9% and approximately 85.9% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.28% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 14.15%
Neuberger Berman Group LLC 7.34%
Newtyn Management LLC 6.65%
D. E. Shaw & Co LP 6.02%
Davidson Kempner Capital Management LP 5.64%

Unit Economics (Per $1K Revenue)

★★★★★
NVRI generates approximately $130 of gross profit, $-38 of operating income, and $-90 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -14.15% (Tax Credit)

Quantitative Style Profile

★★★★★
NVRI has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 548.58M USD
Price to earnings Ratio -
1Y Target Price 28.67
Price to earnings Ratio -
1Y Target Price 28.67
Volume (30-day avg) 319.5K shares
Beta 1.59
52 Weeks Range 11.15 - 24.20
Updated Date 10/02/2026
52 Weeks Range 11.15 - 24.20
Updated Date 10/02/2026
Dividends yield (FY) -
Basic EPS (TTM) -17.57

How Company Makes Money

Business areaWhat it includesRetail investor read
Enviri EnvironmentalMetal recovery and industrial waste management for steel mills.Steady revenue based on long-term contracts with steel producers.
Clean EarthHazardous waste disposal and contaminated material recycling.Service-based revenue tied to regulatory disposal needs.
Rail ServicesMaintenance equipment for railway infrastructure.Revenue driven by maintenance and safety requirements of rail networks.
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Valuation

Trailing PE -
Forward PE 13.18
Enterprise Value 747.55M
Price to Sales(TTM) 0.26
Enterprise Value 747.55M
Price to Sales(TTM) 0.26
Enterprise Value to Revenue 0.65
Enterprise Value to EBITDA 68.75
Shares Outstanding 28.19M
Shares Floating 24.21M
Shares Outstanding 28.19M
Shares Floating 24.21M
Percent Insiders 1.28
Percent Institutions 93.94

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Enviri Corporation

Exchange NYSE
Headquarters Philadelphia, PA, United States
IPO Launch date 1987-11-05
President, CEO & Director Mr. Russell C. Hochman J.D.
Sector Industrials
Industry Waste Management
Full time employees 12000
Full time employees 12000

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. It operates through three segments: Harsco Environmental, Clean Earth, and Harsco Rail. The Harsco Environmental segment offers on-site environmental services for the management of waste and byproduct streams from its customers, which includes resource recovery and recycling of waste materials, materials handling and logistical support, and aluminum dross and scrap management. This segment also manufactures value-added downstream products from industrial waste streams and ecoproducts, which include road surfacing materials, metallurgical additives, agriculture and turf products, and cement additives. The Clean Earth segment provides specialty waste processing solutions, including treatment, recycling, and beneficial reuse of hazardous and non-hazardous wastes and processing of contaminated soil and dredged materials for customers in the industrial, retail, healthcare, and construction industries. The Harsco Rail segment offers railway track maintenance equipment and services, as well as railway maintenance services to railways, mass transit systems, and equipment leasing companies. Its products include engineered railway, rail treatment, tie, and utility track vehicles, new track construction equipment, after-market parts and services, and safety and diagnostics technology systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris. The company was formerly known as Harsco Corporation and changed its name to Enviri Corporation in June 2023. The company was founded in 1853 and is headquartered in Philadelphia, Pennsylvania.