Enviri (NVRI)
Market Price (2/16/2026): $18.92 | Market Cap: $1.5 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Enviri (NVRI)
Market Price (2/16/2026): $18.92Market Cap: $1.5 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Sustainable Infrastructure, Circular Economy & Recycling, and Sustainable Resource Management. Themes include Waste Management Solutions, Show more. | Trading close to highsDist 52W High is -2.4%, Dist 3Y High is -2.4% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 102% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | Stock price has recently run up significantly12M Rtn12 month market price return is 106% | |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.8% | ||
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.2% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -15% | ||
| Key risksNVRI key risks include [1] significant operational losses in its Rail segment stemming from disastrous long-term fixed-price contracts and [2] a distressed financial profile characterized by high leverage and poor liquidity metrics. |
| Megatrend and thematic driversMegatrends include Sustainable Infrastructure, Circular Economy & Recycling, and Sustainable Resource Management. Themes include Waste Management Solutions, Show more. |
| Trading close to highsDist 52W High is -2.4%, Dist 3Y High is -2.4% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 102% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 106% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.8% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.2% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -15% |
| Key risksNVRI key risks include [1] significant operational losses in its Rail segment stemming from disastrous long-term fixed-price contracts and [2] a distressed financial profile characterized by high leverage and poor liquidity metrics. |
Qualitative Assessment
AI Analysis | Feedback
Enviri (NVRI) stock has gained about 55% since 10/31/2025 because of the following key factors:
1. Announced Sale of Clean Earth Business and Spin-Off of New Enviri. On November 21, 2025, Enviri announced its agreement to sell the Clean Earth business to Veolia for $3.04 billion and concurrently spin off its remaining Harsco Environmental and Rail businesses into a new publicly traded entity, referred to as "New Enviri." This strategic restructuring was a significant catalyst, aiming to unlock shareholder value by creating a more focused company. The sale is expected to be completed in mid-2026.
2. Positive Analyst Sentiment and Price Target Increases. Following the announcement of the Clean Earth sale and spin-off, financial analysts revised their outlooks for Enviri upwards. The average one-year price target for NVRI was increased to $21.76 per share on January 13, 2026, an 11.30% rise from the previous estimate in December 2025. Additionally, the put/call ratio of 0.37 indicated a bullish sentiment among options traders.
Show more
1. Announced Sale of Clean Earth Business and Spin-Off of New Enviri. On November 21, 2025, Enviri announced its agreement to sell the Clean Earth business to Veolia for $3.04 billion and concurrently spin off its remaining Harsco Environmental and Rail businesses into a new publicly traded entity, referred to as "New Enviri." This strategic restructuring was a significant catalyst, aiming to unlock shareholder value by creating a more focused company. The sale is expected to be completed in mid-2026.
2. Positive Analyst Sentiment and Price Target Increases. Following the announcement of the Clean Earth sale and spin-off, financial analysts revised their outlooks for Enviri upwards. The average one-year price target for NVRI was increased to $21.76 per share on January 13, 2026, an 11.30% rise from the previous estimate in December 2025. Additionally, the put/call ratio of 0.37 indicated a bullish sentiment among options traders.
Show more
Stock Movement Drivers
Fundamental Drivers
The 55.0% change in NVRI stock from 10/31/2025 to 2/15/2026 was primarily driven by a 54.9% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.21 | 18.92 | 55.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,243 | 2,244 | 0.1% |
| P/S Multiple | 0.4 | 0.7 | 54.9% |
| Shares Outstanding (Mil) | 81 | 81 | 0.0% |
| Cumulative Contribution | 55.0% |
Market Drivers
10/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| NVRI | 55.0% | |
| Market (SPY) | -0.0% | 32.3% |
| Sector (XLI) | 12.3% | 22.7% |
Fundamental Drivers
The 110.2% change in NVRI stock from 7/31/2025 to 2/15/2026 was primarily driven by a 115.5% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.00 | 18.92 | 110.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,291 | 2,244 | -2.0% |
| P/S Multiple | 0.3 | 0.7 | 115.5% |
| Shares Outstanding (Mil) | 80 | 81 | -0.4% |
| Cumulative Contribution | 110.2% |
Market Drivers
7/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| NVRI | 110.2% | |
| Market (SPY) | 8.2% | 31.2% |
| Sector (XLI) | 15.1% | 27.7% |
Fundamental Drivers
The 97.5% change in NVRI stock from 1/31/2025 to 2/15/2026 was primarily driven by a 111.1% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.58 | 18.92 | 97.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,383 | 2,244 | -5.8% |
| P/S Multiple | 0.3 | 0.7 | 111.1% |
| Shares Outstanding (Mil) | 80 | 81 | -0.6% |
| Cumulative Contribution | 97.5% |
Market Drivers
1/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| NVRI | 97.5% | |
| Market (SPY) | 14.3% | 59.6% |
| Sector (XLI) | 27.2% | 58.0% |
Fundamental Drivers
The 138.3% change in NVRI stock from 1/31/2023 to 2/15/2026 was primarily driven by a 102.8% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.94 | 18.92 | 138.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,883 | 2,244 | 19.2% |
| P/S Multiple | 0.3 | 0.7 | 102.8% |
| Shares Outstanding (Mil) | 80 | 81 | -1.4% |
| Cumulative Contribution | 138.3% |
Market Drivers
1/31/2023 to 2/15/2026| Return | Correlation | |
|---|---|---|
| NVRI | 138.3% | |
| Market (SPY) | 74.0% | 48.4% |
| Sector (XLI) | 78.5% | 52.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NVRI Return | -7% | -62% | 43% | -14% | 133% | 6% | 6% |
| Peers Return | -7% | -26% | 46% | 110% | 34% | 5% | 196% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| NVRI Win Rate | 42% | 33% | 58% | 42% | 75% | 100% | |
| Peers Win Rate | 53% | 42% | 64% | 56% | 64% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NVRI Max Drawdown | -22% | -78% | -10% | -26% | -37% | -0% | |
| Peers Max Drawdown | -17% | -41% | -3% | -8% | -24% | -10% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GGG, GHM, GCDT, GPGI, OLOX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/13/2026 (YTD)
How Low Can It Go
| Event | NVRI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -84.1% | -25.4% |
| % Gain to Breakeven | 529.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -80.5% | -33.9% |
| % Gain to Breakeven | 412.5% | 51.3% |
| Time to Breakeven | 447 days | 148 days |
| 2018 Correction | ||
| % Loss | -44.3% | -19.8% |
| % Gain to Breakeven | 79.6% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -73.6% | -56.8% |
| % Gain to Breakeven | 279.2% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to GGG, GHM, GCDT, GPGI, OLOX
In The Past
Enviri's stock fell -84.1% during the 2022 Inflation Shock from a high on 6/8/2021. A -84.1% loss requires a 529.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Enviri (NVRI)
Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Harsco Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and produces value-added downstream products from industrial waste-stream. The Harsco Clean Earth segment provides specialty waste processing, treatment, and recycling and beneficial reuse solutions for waste needs, such as hazardous, non-hazardous, and contaminated soils and dredged materials. 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.
AI Analysis | Feedback
Like **Waste Management (WM)** or **Republic Services (RSG)**, but exclusively focused on industrial and hazardous waste treatment, recycling, and disposal.
AI Analysis | Feedback
- Harsco Environmental Services: Provides onsite environmental and material processing services to the metals industry, including slag management and material recovery.
- Clean Earth Environmental Services: Offers comprehensive waste management solutions, such as hazardous waste disposal, soil remediation, and wastewater treatment.
AI Analysis | Feedback
Enviri (symbol: NVRI) primarily sells its services and solutions to other companies (Business-to-Business or B2B) across a wide range of industries. While Enviri does not publicly disclose the names of its specific major customer companies due to competitive and confidential reasons, it categorizes its customer base by the sectors it serves.
Enviri's operations are generally divided into two main segments, each catering to distinct types of corporate and governmental clients:
-
Harsco Environmental Customers
This segment provides outsourced environmental solutions, material processing, and resource recovery services, primarily to:
- Global Steel and Metals Producers: Enviri partners with leading companies in the steel, aluminum, and other metals industries worldwide, providing essential on-site services such as slag management, material handling, and metal recovery from industrial by-products.
- Other Heavy Industrial Companies: Beyond primary metals, this segment serves other heavy industrial manufacturers that require specialized material processing and environmental support for their operations.
-
Clean Earth Customers
This segment is a leading provider of environmental services, including hazardous and non-hazardous waste management, soil and dredge material management, and wastewater treatment. Its diverse customer base includes:
- Industrial and Manufacturing Companies: Clients span a broad array of industrial sectors such as chemicals, energy (oil & gas, power generation), pharmaceuticals, automotive, general manufacturing, and technology, all of whom generate complex or specialized waste streams.
- Commercial Businesses: Various commercial enterprises, including those in construction, infrastructure development, retail, healthcare, and property management, utilize Clean Earth's services for waste disposal, recycling, and environmental compliance.
- Government Entities: Federal, state, and local government agencies frequently engage Clean Earth for environmental remediation projects, specialized waste disposal services, and management of contaminated materials from public infrastructure and facilities.
Given the nature of their services, Enviri's customers are typically large to medium-sized enterprises and government organizations that require specialized, outsourced environmental solutions to manage their waste and industrial by-products responsibly and in compliance with regulations.
AI Analysis | Feedback
- null
AI Analysis | Feedback
F. Nicholas Grasberger III, Chairman and Chief Executive Officer
Mr. Grasberger has served as the Chairman, President, and Chief Executive Officer of Enviri since October 2018. He initially joined Enviri (then Harsco) in 2013 as the Chief Financial Officer and was appointed President and Chief Executive Officer in 2014. Prior to his tenure at Enviri, he was the Managing Director of the multinational Precision Polymers division of Fenner Plc from 2011 to 2013, which was later acquired by Compagnie Générale des Établissements Michelin in 2018. His career also includes serving as Executive Vice President and Chief Executive Officer of Armstrong Building Products, Senior Vice President and Chief Financial Officer of Armstrong World Industries, Inc., Vice President and Chief Financial Officer of Kennametal Inc., and Corporate Treasurer and Director of Corporate Planning at H.J. Heinz Company. He began his career with USX Corporation.
Tom G. Vadaketh, Senior Vice President and Chief Financial Officer
Mr. Vadaketh was appointed as Senior Vice President and Chief Financial Officer of Enviri, effective October 16, 2023. He brings over 30 years of financial experience, most recently as the CFO of Bausch Health Companies Inc. from January 2022 to October 2023. Before Bausch Health, he served as CFO of eResearchTechnology, Inc. (ERT) from 2018 to 2021, and held CFO roles at Cambrex from 2017 to 2018 and The Crosby Group, a KKR Company, from 2014 to 2016. He started his career at Deloitte & Touche LLP and held various senior financial positions at Procter & Gamble Co and Tyco International, Ltd. He has also been CFO for other public and privately held businesses.
Jeff Beswick, Senior Vice President and President, Clean Earth
Mr. Beswick holds the position of Senior Vice President and President of Clean Earth for Enviri.
Russell C. Hochman, Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary
Mr. Hochman has served as Senior Vice President, General Counsel, Chief Compliance Officer, and Corporate Secretary since 2015. He joined Enviri in 2013 as Deputy General Counsel and previously held senior legal roles with Pitney Bowes Inc.
Jennifer O. Kozak, Senior Vice President and Chief Human Resources Officer
Ms. Kozak has been the Senior Vice President and Chief Human Resources Officer of Enviri since 2022. Before this role, she served as the Vice President of Clean Earth Human Resources for the company and also worked at General Electric and SUEZ Water Technologies & Solutions.
AI Analysis | Feedback
The key risks to Enviri (NVRI) primarily revolve around operational challenges within its rail segment, its overall financial health and leverage, and the cyclical nature of the markets served by its environmental division.
- Challenges in the Harsco Rail Segment: The Harsco Rail segment has faced significant operational issues, primarily stemming from long-term fixed-price contracts that have resulted in losses due to cost overruns and supply chain disruptions. This segment has consistently experienced weak demand, higher manufacturing costs, and an unfavorable business mix, leading to operating losses and reduced Adjusted EBITDA. These "disastrous contracts," particularly the Engineer-To-Order (ETO) agreements, have generated substantial costs and cash outflows and have even hindered past attempts to sell the business. Even with the planned spin-off of Harsco Environmental and Rail into "New Enviri," the issues within the Rail segment are expected to persist, making its future prospects less compelling.
- Financial Health and High Leverage: Enviri's financial stability presents a significant risk, characterized by a high debt-to-equity ratio of 4.62 and a low current ratio of 1.2, which suggest potential liquidity constraints. The company's Altman Z-Score of 1.73 places it in a "distress zone," indicating a risk of financial instability. Furthermore, an extremely low interest coverage ratio of 0.36 raises concerns about Enviri's ability to meet its interest obligations. While the sale of its Clean Earth division is intended to reduce debt, the "New Enviri" entity is still projected to have a net debt to adjusted EBITDA ratio of approximately 2.0x.
- Market Volatility and Economic Conditions Affecting Harsco Environmental: The Harsco Environmental segment is susceptible to the inherent volatility and cyclical downturns of the global steel market. This segment faces ongoing challenges from excess steelmaking capacity and diminished demand in key regions. Weak fundamentals within the global steel market are anticipated to continue impacting Harsco Environmental's performance. Revenue and operating income in this segment have also been negatively affected by lower eco-product sales, site exits, and divestitures.
AI Analysis | Feedback
nullAI Analysis | Feedback
Enviri Corporation (symbol: NVRI) operates primarily in environmental solutions and, to a lesser extent, the rail sector. The company's main businesses are Harsco Environmental, Clean Earth, and Harsco Rail. Here are the addressable market sizes for Enviri's main products and services: * **Harsco Environmental and Clean Earth (Environmental Solutions, Waste Management, Recycling, and Resource Recovery):** * The global waste management market size was estimated at USD 1.43 trillion in 2025 and is projected to reach USD 1.97 trillion by 2030, growing at a CAGR of over 6.62% during the forecast period. Other estimates place the global waste management market size at USD 1,424.35 billion in 2024, projected to reach USD 2,365.14 billion by 2033. North America held a 33.3% revenue share in the global waste management market in 2024. * The global industrial waste management market was valued at USD 1.05 billion in 2023 and is projected to grow to USD 1.79 billion by 2032. * The global waste recovery and recycling market was valued at approximately USD 410 billion in 2023 and is projected to reach around USD 635 billion by 2032, growing at a CAGR of 4.9%. Another report estimates the waste recovery and recycling market size at USD 115.26 billion in 2024, growing to USD 193.17 billion in 2029. North America was the largest region in the waste recovery and recycling market in 2024. * The global environmental services market, as of 2022, was USD 35.2 billion and is expected to grow to USD 50.6 billion by 2028. * The global environmental & sustainability consulting market reached $54.7 billion in 2023 and is expected to grow to $82.8 billion by 2028. The total addressable market value for environmental & sustainability consulting could reach $154 billion by 2028 if other geographies increase their spending intensity to match the most mature market. * **Harsco Rail (Railway Track Maintenance Equipment and Services):** * While specific market sizes for "railway track maintenance equipment and services" are not readily available in the provided search results, the broader global infrastructure market was valued at approximately USD 2.7 trillion based on a five-year historical analysis. The global infrastructure sector market size was estimated at USD 2.56 trillion in 2023 and is predicted to grow to around USD 4.69 trillion by 2033. Enviri has indicated plans to sell its Rail segment.AI Analysis | Feedback
Enviri (NVRI) is poised for future revenue growth over the next 2-3 years, driven by several key factors across its segments and strategic initiatives.
- Continued Growth in the Clean Earth Segment: Enviri's Clean Earth segment is a significant driver of anticipated revenue growth. This segment is expected to benefit from increased pricing, ongoing efficiency improvements, and volume growth, particularly as it capitalizes on sustainability initiatives from customers. Expansion into new markets, such as those related to PFAS remediation, also presents a growth opportunity for Clean Earth.
- New Contracts and Enhanced Service Levels within Harsco Environmental: Despite facing some market challenges, the Harsco Environmental segment is projected to achieve organic growth through securing new contracts and delivering higher service levels. The company aims for stable underlying profitability in this segment while anticipating a recovery in the global steel market.
- Strength of Harsco Rail's Base Business and Resolution of Legacy Contracts: The core "base business" of Harsco Rail, encompassing standard equipment, parts, and adjacent services, continues to demonstrate healthy demand and strong bookings. Furthermore, the company expects to see improved financial performance as net outflows on its Engineering-to-Order (ETO) contracts decrease and these legacy contracts are completed.
- Leveraging a Dedicated Environmental Solutions Focus and Sustainability Initiatives: Enviri's strategic shift to derive 100% of its revenue from environmental solutions positions it favorably to capture growth from increasing global demand for sustainable waste management and recycling. This overarching focus supports the growth objectives of its Clean Earth and Harsco Environmental divisions by aligning with broader environmental trends and customer needs.
AI Analysis | Feedback
Share Issuance
- Enviri's outstanding shares increased by 0.48% in one year.
Inbound Investments
- FUND 1 INVESTMENTS, LLC added an estimated $30,235,174 in Enviri shares to its portfolio in Q2 2025.
- ANGELO GORDON & CO., L.P. added an estimated $10,706,215 in Enviri shares to its portfolio in Q2 2025.
- NEWTYN MANAGEMENT, LLC added an estimated $8,688,836 in Enviri shares to its portfolio in Q2 2025.
Outbound Investments
- In April 2020, Enviri (then Harsco Corporation) acquired Stericycle, Inc.'s Environmental Solutions business (ESOL), expanding its geographic reach and establishing a leading national hazardous waste management platform.
- In January 2020, Enviri divested its Industrial division to focus entirely on environmental solutions.
- The company's management views strategic acquisitions as a means to invest in future growth.
Capital Expenditures
- Net capital expenditures are projected to be between $21 million and $26 million for 2025.
- Capital expenditures amounted to -$136.73 million over the last 12 months (as of November 2025).
- The company reported reduced capital spending partially offsetting changes in adjusted free cash flow in Q4 2024 and Q1 2025.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Enviri Earnings Notes | 12/16/2025 | |
| Is Enviri Stock Built to Withstand a Pullback? | 10/17/2025 | |
| Day 7 of Gains Streak for Enviri Stock with 17% Return (vs. 48% YTD) [8/26/2025] | 08/27/2025 | |
| Day 6 of Gains Streak for Enviri Stock with 15% Return (vs. 46% YTD) [8/25/2025] | 08/26/2025 | |
| Day 5 of Gains Streak for Enviri Stock with 14% Return (vs. 44% YTD) [8/22/2025] | 08/23/2025 | |
| Enviri (NVRI) Operating Cash Flow Comparison | 08/08/2025 | |
| Enviri (NVRI) Net Income Comparison | 08/08/2025 | |
| Enviri (NVRI) Debt Comparison | 08/08/2025 | |
| Enviri (NVRI) EBITDA Comparison | 08/08/2025 | |
| Enviri (NVRI) Revenue Comparison | 08/08/2025 | |
| ARTICLES | ||
| NVRI Stock Up 17% after 7-Day Win Streak | 08/26/2025 | |
| NVRI Stock Up 15% after 6-Day Win Streak | 08/25/2025 | |
| NVRI Stock Up 14% after 5-Day Win Streak | 08/22/2025 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 21.77 |
| Mkt Cap | 1.5 |
| Rev LTM | 238 |
| Op Inc LTM | 18 |
| FCF LTM | -5 |
| FCF 3Y Avg | 10 |
| CFO LTM | 25 |
| CFO 3Y Avg | 79 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -5.8% |
| Rev Chg 3Y Avg | 1.0% |
| Rev Chg Q | 0.2% |
| QoQ Delta Rev Chg LTM | 0.1% |
| Op Mgn LTM | 5.6% |
| Op Mgn 3Y Avg | 5.3% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 5.3% |
| CFO/Rev 3Y Avg | 12.4% |
| FCF/Rev LTM | -1.2% |
| FCF/Rev 3Y Avg | 5.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.5 |
| P/S | 3.9 |
| P/EBIT | 25.6 |
| P/E | 31.5 |
| P/CFO | 23.3 |
| Total Yield | 1.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.3% |
| 3M Rtn | 19.6% |
| 6M Rtn | 22.8% |
| 12M Rtn | 54.9% |
| 3Y Rtn | 82.2% |
| 1M Excs Rtn | 5.0% |
| 3M Excs Rtn | 16.1% |
| 6M Excs Rtn | 13.5% |
| 12M Excs Rtn | 46.3% |
| 3Y Excs Rtn | 19.7% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Harsco Environmental | 1,141 | 1,061 | 1,068 | 914 | 1,035 |
| Clean Earth | 928 | 828 | 780 | 620 | 170 |
| Harsco Rail | 297 | 299 | |||
| Corporate | 0 | ||||
| Total | 2,366 | 1,889 | 1,848 | 1,534 | 1,504 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Harsco Environmental | 78 | 60 | 103 | 59 | 112 |
| Clean Earth | 77 | -82 | 26 | 16 | 20 |
| Harsco Rail | -32 | 24 | |||
| Corporate | -43 | -35 | -41 | -78 | -52 |
| Total | 80 | -57 | 88 | -3 | 104 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Harsco Environmental | 1,417 | 1,417 | 1,386 | 1,323 | 1,296 |
| Clean Earth | 982 | 981 | 1,278 | 1,279 | 745 |
| Harsco Rail | 369 | 246 | |||
| Corporate | 87 | 57 | 56 | 74 | 26 |
| Discontinued Operations | 336 | 333 | 317 | 54 | |
| Total | 2,855 | 2,791 | 3,054 | 2,993 | 2,367 |
Price Behavior
Price Behavior
| Market Price | $18.92 | |
| Market Cap ($ Bil) | 1.5 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -2.4% | |
| 50 Days | 200 Days | |
| DMA Price | $18.47 | $12.55 |
| DMA Trend | up | up |
| Distance from DMA | 2.4% | 50.8% |
| 3M | 1YR | |
| Volatility | 60.6% | 55.5% |
| Downside Capture | 30.03 | 120.73 |
| Upside Capture | 225.50 | 181.16 |
| Correlation (SPY) | 28.9% | 59.4% |
NVRI Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.84 | 0.53 | 1.81 | 1.41 | 1.73 | 1.72 |
| Up Beta | 2.22 | 2.05 | 5.10 | 3.31 | 1.88 | 1.80 |
| Down Beta | 0.61 | 0.02 | 0.32 | 1.14 | 1.71 | 1.67 |
| Up Capture | 116% | 62% | 342% | 230% | 299% | 671% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 22 | 34 | 70 | 132 | 386 |
| Down Capture | 14% | 43% | 37% | -24% | 119% | 110% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 18 | 25 | 52 | 108 | 342 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NVRI | |
|---|---|---|---|---|
| NVRI | 110.4% | 55.5% | 1.54 | - |
| Sector ETF (XLI) | 27.9% | 19.2% | 1.15 | 57.8% |
| Equity (SPY) | 14.0% | 19.4% | 0.55 | 59.4% |
| Gold (GLD) | 74.3% | 25.3% | 2.17 | 6.2% |
| Commodities (DBC) | 7.0% | 16.7% | 0.24 | 24.1% |
| Real Estate (VNQ) | 7.9% | 16.6% | 0.28 | 50.9% |
| Bitcoin (BTCUSD) | -29.8% | 44.9% | -0.65 | 20.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NVRI | |
|---|---|---|---|---|
| NVRI | 0.1% | 57.0% | 0.23 | - |
| Sector ETF (XLI) | 15.9% | 17.2% | 0.74 | 50.2% |
| Equity (SPY) | 13.3% | 17.0% | 0.62 | 45.5% |
| Gold (GLD) | 22.1% | 17.0% | 1.06 | 13.5% |
| Commodities (DBC) | 10.5% | 18.9% | 0.44 | 18.9% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 38.9% |
| Bitcoin (BTCUSD) | 8.3% | 57.2% | 0.37 | 17.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NVRI | |
|---|---|---|---|---|
| NVRI | 11.1% | 60.0% | 0.44 | - |
| Sector ETF (XLI) | 15.3% | 19.8% | 0.68 | 54.2% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 48.6% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | 3.7% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 28.1% |
| Real Estate (VNQ) | 6.4% | 20.7% | 0.27 | 38.6% |
| Bitcoin (BTCUSD) | 67.9% | 66.7% | 1.07 | 14.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/10/2025 | 3.9% | 9.8% | 48.5% |
| 8/5/2025 | 1.7% | 1.4% | 28.4% |
| 5/1/2025 | 1.5% | 3.3% | 18.6% |
| 2/20/2025 | -13.4% | -21.0% | -22.6% |
| 10/31/2024 | -23.7% | -24.6% | -26.3% |
| 8/1/2024 | 5.2% | -7.3% | -2.4% |
| 2/29/2024 | -1.5% | 1.6% | 14.7% |
| 11/2/2023 | 9.8% | -0.7% | 9.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 8 | 9 |
| # Negative | 10 | 12 | 11 |
| Median Positive | 4.1% | 6.8% | 18.6% |
| Median Negative | -15.3% | -17.6% | -21.5% |
| Max Positive | 22.5% | 21.5% | 48.5% |
| Max Negative | -29.1% | -25.4% | -27.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kozak, Jennifer Ott | Senior Vice President & CHRO | Direct | Sell | 12092025 | 18.18 | 9,692 | 176,198 | 148,728 | Form |
| 2 | Hochman, Russell C | SVP, GC, CCO and Corp. Sec. | Direct | Buy | 3182025 | 6.27 | 40,127 | 251,596 | 754,638 | Form |
| 3 | Vadaketh, Tom George | SVP and CFO | Direct | Buy | 3182025 | 6.20 | 40,297 | 250,003 | 821,602 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.