Enviri (NVRI)

Market Price (9/27/2026): $19.15 | Market Cap: $533.8 MilSector: Industrials | Industry: Environmental & Facilities Services

Enviri (NVRI)

Market Price (9/27/2026): $19.15
Market Cap: $533.8 Mil
Sector: Industrials
Industry: Environmental & Facilities Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Megatrend and thematic drivers
Megatrends include Sustainable Infrastructure, Circular Economy & Recycling, and Sustainable Resource Management. Themes include Waste Management Solutions, Show more.

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.02, Short 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 12%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -221 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -14%

Stock price has recently run up significantly
6M Rtn6 month market price return is 267%, 12M Rtn12 month market price return is 464%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -23%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -91%

High stock price volatility
Vol 12M is 213%

Key risks
NVRI 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.

0	Megatrend and thematic drivers Megatrends include Sustainable Infrastructure, Circular Economy & Recycling, and Sustainable Resource Management. Themes include Waste Management Solutions, Show more.
1	Meaningful short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.02, Short 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 12%
2	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -221 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -14%
3	Stock price has recently run up significantly 6M Rtn6 month market price return is 267%, 12M Rtn12 month market price return is 464%
4	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -23%
5	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -91%
6	High stock price volatility Vol 12M is 213%
7	Key risks NVRI 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.

NVRI in ETFs

Weight = NVRI's share of each fund

VTI0.00%

ITOT0.00%

IWM0.02%

FNDA0.03%

VTWO0.02%

DFAS0.01%

SCHA0.01%

IWN0.01%

+3 more covered ETFs

Valuation & Metrics

FYE: 12/31	Forward FYE		Now	Historical (CYE & TTM)
	2027	2026	9/27/26	2025	2024	2023
Share Price			$19.15	$17.92	$7.70	$9.00
Mkt Cap ($ Mil)			533.8	503.8	-	-
+ Debt ($ Mil)			420.3	0.0	0.0	0.0
- Cash ($ Mil)			253.4	0.0	0.0	0.0
TEV ($ Mil)			700.7	503.8
Valuation Ratios
P/S	0.3	0.3	0.3	-	-	-
P/EBIT	5.4	5.5	-2.0	-	-	-
P/E	—	—	-1.2	-	-	-
P/FCF	—	—	-1.4	-	-	-
Sector Ratios (* = sector average)
P/S *			1.7	1.7	1.6	1.5
P/EBIT *			11.3	12.0	12.0	11.6
P/E *			16.8	16.9	17.1	15.9
P/FCF *			12.8	12.2	14.1	11.9

FYE: 12/31	Forward FYE		Now
	2027	2026	9/27/26
Share Price			$19.15
Mkt Cap ($ Mil)			533.8
+ Debt ($ Mil)			420.3
- Cash ($ Mil)			253.4
TEV ($ Mil)			700.7
Valuation Ratios
P/S	0.3	0.3	0.3
P/EBIT	5.4	5.5	-2.0
P/E	—	—	-1.2
P/FCF	—	—	-1.4
Sector Ratios (* = sector average)
P/S *			1.7
P/EBIT *			11.3
P/E *			16.8
P/FCF *			12.8

FYE: 12/31	NVRI [1]	S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]	$1.6 Bil	—
FY 2026 Sales	$1.8 Bil	—
FY 2027 Sales	$1.7 Bil	—
FY 2026 Sales Growth	13.8%	—
FY 2027 Sales Growth	-8.7%	12.8%
EARNINGS
LTM Net Income (GAAP) [3]	$-463.5 Mil	—
FY 2026 Net Income (Non-GAAP)	$-9.5 Mil	—
FY 2027 Net Income (Non-GAAP)	$-7.7 Mil	—
FY 2027 Net Income Growth	—	18.0%
FY 2026 EPS (Non-GAAP)	$-0.34	—
FY 2027 EPS (Non-GAAP)	$-0.27	—
FY 2027 EPS Growth	—	—
VALUATION
FY 2026 P/S	0.3	1.6
FY 2027 P/S	0.3	—
FY 2026 P/E	—	7.7
FY 2027 P/E	—	—

[1] NVRI forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 9/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).

	NVRI	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	1.6
Rev Chg Q	�	9.3%
Rev Chg LTM	�	8.3%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.2
CFO LTM ($ Bil)	-0.2
Net Inc LTM ($ Bil)	-0.5
Op Mgn LTM	-13.8%	18.6%
CFO/Rev LTM	-15.4%	21.8%
Net Inc Mgn	-28.9%	13.1%
VALUATION	VERY LOW
P/S	0.3	3.1
P/CFO	-2.2	14.5
P/FCF	-1.4	19.2
P/E	-1.2	22.1
STABILITY	GOOD
Debt/Equity	0.79	0.21
Cash/Assets	0.15	0.07

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Metric	Value	Date	Source
Tons of waste recycled or reused	19 million	12312023	Link
Percentage of processed steel slag recycled or reused by Harsco Environmental	93%	12312023	Link
Tons of processed steel slag recycled or reused by Harsco Environmental	8.7 million	12312023	Link
Percentage of processed waste materials recycled or reused by Clean Earth	91%	12312023	Link
Tons of processed waste materials recycled or reused by Clean Earth	3.9 million	12312023	Link
Total Recordable Incident Rate (TRIR)	less than 1.0	12312023	Link
Number of employees	12,000	12312024	Link
Average employment tenure	7 years	12312024	Link
Women in senior management roles	29%	12312024	Link
Women on Board of Directors	25%	12312024	Link
Ethnic diversity representation on the Board of Directors	13%	12312024	Link
On-time pickup service rate for Clean Earth division	99%	7292025	Link
Number of Harsco Environmental mill services customers	70	2202025	Link
Number of Harsco Environmental sites	approximately 130	2202025	Link
Number of countries with Harsco Environmental operations	30	2202025	Link

Price Chart

Upcoming
11/16/2026	Earnings Release	Rev: $317 Mil (E) EPS: $-0.56 (E)

Why The Stock Moved

Qualitative Assessment

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Updated on 9/23/2026

Enviri (NVRI) stock has gained about 235% since 5/31/2026 because of the following key factors:

1. Strategic Transformation through Spin-off and Sale of Clean Earth.Enviri completed a significant strategic transformation on June 1, 2026, by spinning off its Harsco Environmental and Harsco Rail businesses into a new independent public company, also named Enviri (NVRI), and simultaneously selling its Clean Earth business to Veolia. This corporate action aimed to unlock sum-of-the-parts value for shareholders, who received one share of the new Enviri common stock for every three shares of the original Enviri common stock, plus $15.00 per share in cash. This restructuring resulted in a more focused company centered on its environmental and rail solutions.

2. De-risking of Harsco Rail Operations.On August 10, 2026, Enviri announced the conclusion of its legacy Engineered-to-Order (ETO) contracts with Deutsche Bahn and Network Rail within its Harsco Rail segment. This strategic decision eliminated future performance risk, financial volatility, and anticipated cash outflows associated with these problematic contracts. While the company recognized a non-cash impairment charge of approximately $75 million and an incremental liability of about $133 million related to these exits, Enviri indicated that its new capital structure possessed sufficient cash to cover these liabilities without impacting its leverage ratio. This move allowed Harsco Rail to concentrate on its more consistent and profitable core maintenance-of-way businesses.

3. Improved Operational Performance and Reaffirmed Guidance for Continuing Operations.Enviri's fiscal Q2 2026 results, reported on August 11, 2026, indicated strong operational performance in its core segments. Both Harsco Environmental and Harsco Rail delivered results exceeding the high end of their guidance ranges. Harsco Environmental's revenues increased by 3% to $266 million compared to fiscal Q2 2025, driven by higher volumes and services pricing. The segment's Adjusted EBITDA margin also improved to 17.2% in fiscal Q2 2026, up from 15.5% in the prior-year period. Overall Adjusted EBITDA for the company's continuing operations totaled $34 million for fiscal Q2 2026, an increase from $27 million in the comparable prior-year period. The company reaffirmed its 2026 Adjusted EBITDA guidance for these segments, projecting improved cash generation.

4. Increased Analyst Price Targets and Institutional Investment.Following the significant strategic changes and positive fiscal Q2 2026 results, analysts responded by raising their price targets for Enviri. For example, BMO Capital increased its price target for NVRI to $24 from $21. The median 12-month analyst price target stands at $26.00, with some forecasts reaching $36.00, implying significant potential upside. This positive analyst sentiment was coupled with substantial institutional investment, including new stakes of $8.2 million by Newtyn Management LLC and $13.32 million by Paradigm Capital Management, signaling growing investor confidence in the company's refocused strategy and future prospects.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

5/31/2026 to 9/26/2026

	Return	Correlation
NVRI	233.0%
Market (SPY)	2.2%	20.8%
Sector (XLI)	-1.3%	18.4%

Fundamental Drivers

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Market Drivers

2/28/2026 to 9/26/2026

	Return	Correlation
NVRI	265.1%
Market (SPY)	13.0%	-3.9%
Sector (XLI)	-3.3%	3.1%

Fundamental Drivers

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Market Drivers

8/31/2025 to 9/26/2026

	Return	Correlation
NVRI	511.6%
Market (SPY)	20.9%	0.0%
Sector (XLI)	13.6%	4.5%

Fundamental Drivers

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Market Drivers

8/31/2023 to 9/26/2026

	Return	Correlation
NVRI	827.6%
Market (SPY)	77.8%	15.5%
Sector (XLI)	64.4%	18.0%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
NVRI Return	-7%	-62%	43%	-14%	133%	291%	290%
Peers Return	-1%	22%	16%	49%	21%	22%	210%
S&P 500 Return	27%	-19%	24%	23%	16%	13%	105%
Monthly Win Rates [3]
NVRI Win Rate	42%	33%	58%	42%	75%	89%
Peers Win Rate	52%	48%	52%	55%	53%	60%
S&P 500 Win Rate	75%	42%	67%	75%	67%	56%
Max Drawdowns [4]
NVRI Max Drawdown	-41%	-78%	-43%	-46%	-50%	-19%
Peers Max Drawdown	-36%	-28%	-31%	-22%	-42%	-30%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: CWST, GEO, CECO, FTEK, WM.
[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 9/25/2026 (YTD)

Event	NVRI	S&P 500
2025 US Tariff Shock
% Loss	-44.1%	-18.8%
% Gain to Breakeven	78.9%	23.1%
Time to Breakeven	79 days	79 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-38.0%	-9.5%
% Gain to Breakeven	61.2%	10.5%
Time to Breakeven	140 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-25.4%	-6.7%
% Gain to Breakeven	34.1%	7.1%
Time to Breakeven	41 days	31 days
2022 Inflation Shock & Fed Tightening
% Loss	-77.8%	-24.5%
% Gain to Breakeven	351.3%	32.4%
Time to Breakeven	1148 days	427 days
2020 COVID-19 Crash
% Loss	-70.7%	-33.7%
% Gain to Breakeven	241.4%	50.9%
Time to Breakeven	133 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-32.9%	-19.2%
% Gain to Breakeven	49.1%	23.8%
Time to Breakeven	2718 days	105 days

Compare to CWST, GEO, CECO, FTEK, WM

In The Past

Enviri's stock fell -44.1% during the 2025 US Tariff Shock. Such a loss loss requires a 78.9% 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.

Event	NVRI	S&P 500
2025 US Tariff Shock
% Loss	-44.1%	-18.8%
% Gain to Breakeven	78.9%	23.1%
Time to Breakeven	79 days	79 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-38.0%	-9.5%
% Gain to Breakeven	61.2%	10.5%
Time to Breakeven	140 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-25.4%	-6.7%
% Gain to Breakeven	34.1%	7.1%
Time to Breakeven	41 days	31 days
2022 Inflation Shock & Fed Tightening
% Loss	-77.8%	-24.5%
% Gain to Breakeven	351.3%	32.4%
Time to Breakeven	1148 days	427 days
2020 COVID-19 Crash
% Loss	-70.7%	-33.7%
% Gain to Breakeven	241.4%	50.9%
Time to Breakeven	133 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-32.9%	-19.2%
% Gain to Breakeven	49.1%	23.8%
Time to Breakeven	2718 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-69.3%	-12.2%
% Gain to Breakeven	225.3%	13.9%
Time to Breakeven	254 days	62 days
2014-2016 Oil Price Collapse
% Loss	-76.2%	-6.8%
% Gain to Breakeven	319.5%	7.3%
Time to Breakeven	791 days	15 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-42.5%	-17.9%
% Gain to Breakeven	74.0%	21.8%
Time to Breakeven	2440 days	123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
% Loss	-33.0%	-15.4%
% Gain to Breakeven	49.2%	18.2%
Time to Breakeven	211 days	125 days
2008-2009 Global Financial Crisis
% Loss	-73.0%	-53.4%
% Gain to Breakeven	269.9%	114.4%
Time to Breakeven	6295 days	1085 days

Compare to CWST, GEO, CECO, FTEK, WM

In The Past

Enviri's stock fell -44.1% during the 2025 US Tariff Shock. Such a loss loss requires a 78.9% 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)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Enviri Corporation (NVRI) provides comprehensive environmental solutions, focusing on managing and valorizing industrial and specialty waste streams both domestically and internationally. The company operates through two primary segments: Harsco Environmental and Harsco Clean Earth, each addressing distinct aspects of waste management and resource recovery for various industries.

The Harsco Environmental segment primarily serves the iron, steel, and metals manufacturing industries. It offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery from industrial byproducts. This segment also manufactures and sells industrial abrasives, roofing granules, and systems for processing aluminum dross and scrap, effectively transforming industrial waste-streams into valuable downstream products.

Complementing this, the Harsco Clean Earth segment specializes in processing, treating, recycling, and beneficially reusing a wide range of specialty wastes. This includes managing hazardous and non-hazardous materials, as well as contaminated soils and dredged materials. Clean Earth's services are crucial for industries requiring responsible and compliant solutions for complex waste streams, promoting landfill diversion and circular economy principles.

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Waste Management (WM) for industrial and specialty hazardous waste.
Stericycle (SRCL) for heavy industry's waste streams and byproducts.

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On-site Environmental Services: Provides material logistics, product quality improvement, and resource recovery services for iron, steel, and metals manufacturing facilities.
Specialty Waste Processing & Recycling: Offers treatment, recycling, and beneficial reuse solutions for hazardous, non-hazardous, and contaminated soils and dredged materials.
Industrial Abrasives: Manufactured materials used for various abrasive applications.
Roofing Granules: Components sold for use in the manufacturing of roofing materials.
Aluminum Dross: Processed aluminum waste stream material that is sold as a product.
Scrap Processing Systems: Equipment and technologies designed for processing different types of scrap materials.
Value-Added Downstream Products from Industrial Waste: Other useful materials created by transforming various industrial waste streams.

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Enviri (NVRI) primarily sells its services and products to other companies. Based on the provided background information, the specific names of Enviri's major customers are not disclosed. However, its customer base can be identified by the industries and types of entities it serves through its two segments:

Harsco Environmental: This segment serves companies in the iron, steel, and metals manufacturing industries. It provides on-site services for material logistics, product quality improvement, and resource recovery, as well as supplying industrial abrasives and roofing granules.
Harsco Clean Earth: This segment provides specialty waste processing, treatment, and recycling solutions. Its customers are typically companies and entities that generate hazardous, non-hazardous, and contaminated waste streams, including soils and dredged materials. This implies serving a broad range of industrial manufacturers, construction and remediation companies, and potentially governmental or municipal entities dealing with such waste.

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F. Nicholas Grasberger III Chairman and Chief Executive Officer

Mr. Grasberger was appointed Chief Executive Officer in August 2014 and named Chairman in May 2015. He originally joined Harsco (now Enviri) in 2010 as Chief Financial Officer.

Tom G. Vadaketh Senior Vice President and Chief Financial Officer

Mr. Vadaketh is the current Chief Financial Officer. He is slated to retire following the completion of Enviri's Clean Earth sale and the spin-off of "New Enviri," both anticipated by mid-2026.

Russell C. Hochman President and Chief Operating Officer

Mr. Hochman serves as President and Chief Operating Officer and is designated to become the Chief Executive Officer of "New Enviri" following the company's planned spin-off.

Christophe Reitemeier Senior Vice President and President, Harsco Environmental

Mr. Reitemeier was appointed to this role effective January 1, 2025. He has been with the company since 1999, having previously served as Vice President and Chief Financial Officer of Harsco Environmental since 2020.

Gary Lada President, Harsco Rail

Mr. Lada assumed the role of President of Harsco Rail effective May 5, 2025. He brings extensive experience from the rail industry, including his tenure at GE Transportation (now Wabtec), and is an Enviri Executive Leadership team member.

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The key risks to Enviri's business are as follows:

Dependence on Industrial Production and Economic Cycles: Enviri's Harsco Environmental segment primarily serves the iron, steel, and metals manufacturing industries through long-term contracts for on-site services. A significant downturn in these industrial sectors or broader economic slowdowns could lead to reduced demand for their services and products. Similarly, the Harsco Clean Earth segment, dealing with specialty waste, contaminated soils, and dredged materials, is also susceptible to economic cycles affecting industrial output and construction activity.
Environmental Regulatory and Compliance Risks, including Liabilities: As a provider of environmental solutions and waste management services, Enviri operates in a highly regulated environment. Changes in environmental laws and regulations, particularly regarding hazardous waste, emissions, or land use, could increase compliance costs, require significant capital expenditures, or limit their operational scope. Furthermore, handling hazardous and contaminated materials, especially within the Harsco Clean Earth segment, inherently carries significant environmental liability risks, including potential fines, remediation costs, and legal actions.
Market Demand and Pricing for Recycled and Recovered Materials: The Harsco Environmental segment produces and sells industrial abrasives, roofing granules, aluminum dross, and value-added downstream products from industrial waste-streams. The profitability of these activities is directly tied to the market demand and pricing for these recycled and recovered materials. Fluctuations in commodity prices, shifts in demand for recycled content, or increased competition from virgin materials could negatively impact the revenue and margins derived from these product lines.

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Enviri Corporation (NVRI) Addressable Market Sizes

Enviri Corporation (NVRI) provides environmental solutions through its Harsco Environmental and Harsco Clean Earth segments. The addressable markets for its main products and services are identified as follows:

Harsco Environmental Segment

Industrial Waste Management and Resource Recovery (Global): The global waste management market, which includes industrial waste, was valued at approximately USD 1.28 trillion in 2025 and is projected to reach around USD 2.44 trillion by 2035, growing at a compound annual growth rate (CAGR) of 6.66% from 2026 to 2035. The industrial segment holds a significant market share within the global waste management market, with industrial waste streams forecast to grow at an 8.3% CAGR through 2031.
Industrial Abrasives (Global): The global abrasives market size was valued at USD 72.98 billion in 2024 and is expected to reach USD 110.32 billion by 2032, exhibiting a CAGR of 5.30% during the forecast period.
Roofing Granules (Global): The global roofing granule market is projected to grow from USD 3.1 billion in 2024 to USD 3.9 billion by 2030, at a CAGR of 3.8% between 2025 and 2030.

Harsco Clean Earth Segment

Hazardous Waste Management (Global): The global hazardous waste management market size was valued at USD 18.94 billion in 2025. It is projected to grow from USD 20.05 billion in 2026 to USD 31.68 billion by 2034, at a CAGR of 5.88%.
Hazardous Waste Management (U.S.): The hazardous waste management market in the United States is expected to reach a projected revenue of USD 7,257.5 million by 2033, growing at a CAGR of 5.8% from 2026 to 2033.
Contaminated Soil Remediation (Global): The global soil remediation market size was estimated at USD 44.90 billion in 2024 and is expected to reach approximately USD 87.13 billion by 2034, growing at a CAGR of 6.89% from 2025 to 2034.
Contaminated Soil Remediation (U.S.): The U.S. soil remediation market size surpassed USD 8.3 billion in 2024 and is predicted to reach around USD 15.38 billion by 2034, registering a CAGR of 6.36% from 2025 to 2034.
Dredged Materials Management (Global): The global dredging market size is projected to be USD 19245.8 million in 2025 and is expected to boost sales to USD 26339.20 million by 2033, at a CAGR of 4.00% from 2025 to 2033.
Dredged Materials Management (U.S.): The U.S. dredging market is projected to be valued at USD 5,701.6 million in 2025, and is expected to reach USD 7,444.3 million in 2034, growing at a CAGR of 3.0%.

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Enviri Corporation (NVRI) is expected to drive future revenue growth over the next 2-3 years primarily through its Harsco Environmental segment, following the planned divestiture of its Clean Earth business. The key drivers of future revenue growth include: * New contract wins and expanded service levels within the Harsco Environmental segment. Enviri's Harsco Environmental segment has a track record of securing new contracts and increasing service levels globally. For instance, in 2023, the segment won 22 out of 23 contracts and secured five growth contracts, indicating a strong ability to attract and retain business. * Increased demand in the global steel industry, particularly in growing regions, benefiting Harsco Environmental. The Harsco Environmental segment is positioned to benefit from a modest increase in steel production at customer sites. Growth in steel production in regions such as India, the Middle East, and North America directly supports revenue expansion for Enviri's environmental solutions in these markets. * Ongoing operational improvements, efficiency initiatives, and a strategic focus on higher-margin contracts within Harsco Environmental. Enviri is implementing improvement actions at underperforming sites and is strategically exiting lower-margin contracts to concentrate on more profitable opportunities within its Harsco Environmental segment. These efforts are anticipated to enhance profitability and contribute to a more robust and sustainable revenue stream.

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Outbound Investments

Enviri has signed definitive agreements to sell its Clean Earth segment to Veolia for over $3.0 billion.
This divestiture is described as a strategic premium, representing a significant return on Enviri's historical investment in Clean Earth.
The sale of Clean Earth is part of a larger portfolio reshaping, which will also involve spinning off the Harsco Environmental and Harsco Rail businesses into a new standalone public company called "New Enviri".

Capital Expenditures

Enviri's capital expenditures were $158.3 million in 2021, $137.2 million in 2022, $139 million in 2023, and $136.6 million in 2024.
Projected capital expenditures for 2025 are between $130 million and $140 million, with a forecast of $141.3 million, and are primarily earmarked for Clean Earth to capitalize on growth opportunities.
Forecasted capital expenditures are $118.8 million for 2026 and $121.8 million for 2027.

Interactive Breakdown

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Better Bets vs. Enviri (NVRI)

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Peer Outperformance in Environmental & Facilities Services

NVRI has outperformed 90% of its 29 Environmental & Facilities Services peers over 5Y. Environmental & Facilities Services ranks 15th of 23 industries in Industrials by median 5Y return. The sector’s gains have largely come from elsewhere.

Share of Environmental & Facilities Services constituents that NVRI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.

100%

of 34 industry peers · 463.7% return

100%

of 30 industry peers · 855.8% return

90%

of 29 industry peers · 298.1% return

No Environmental & Facilities Services peer with a comparable growth profile has beaten NVRI by more than 20pp over 5Y.

Median price return by industry across the Industrials sector, ranked by 5Y. Environmental & Facilities Services is NVRI's own industry. Use this to see which corners of the sector have carried the returns.

Industry	Names	1Y med	3Y med	5Y med	Top 3 by 5Y
Construction & Engineering	31	4.3%	110.6%	183.4%	FIX 2185% · STRL 2110% · CDNL 2055%
Marine Transportation	9	72.3%	97.9%	148.9%	HOS 43005% · ASC 465% · MATX 188%
Construction Machinery & Heavy Transportation Equipment	13	5.4%	46.5%	121.9%	CAT 348% · ALSN 240% · WAB 229%
Aerospace & Defense	55	-7.5%	70.5%	76.3%	ATI 980% · FTAI 863% · HWM 615%
Rail Transportation	7	19.3%	61.1%	50.3%	FSTR 137% · CSX 64% · RAIL 53%
Trading Companies & Distributors	19	4.4%	36.4%	47.5%	DXPE 535% · AIT 278% · WCC 217%
Industrial Machinery & Supplies & Components	72	11.1%	53.8%	43.7%	CRS 1139% · PSIX 1112% · EROC 624%
Diversified Support Services	33	16.3%	34.2%	31.9%	LIME 3297% · TH 422% · WLFC 352%
Cargo Ground Transportation	16	33.0%	-0.3%	24.8%	XPO 234% · R 212% · CVLG 133%
Electrical Components & Equipment	41	7.0%	58.4%	22.0%	POWL 2282% · BE 1336% · VRT 954%
Building Products	34	-12.4%	2.4%	18.2%	LMB 633% · GFF 387% · PPIH 315%
Industrial Conglomerates	17	9.4%	5.0%	-3.2%	RCMT 504% · CSW 136% · DD 72%
Passenger Ground Transportation	3	-32.0%	44.0%	-5.1%	UBER 47% · CAR -5% · LYFT -73%
Agricultural & Farm Machinery	17	4.5%	0.8%	-8.1%	BLBD 173% · DE 109% · GENC 55%
Environmental & Facilities Services ←	30	-15.4%	19.5%	-8.6%	CECO 895% · ADUR 437% · GEO 335%
Research & Consulting Services	13	-16.9%	-26.7%	-14.0%	HURN 201% · CRAI 76% · GRNQ 69%
Data Processing & Outsourced Services	6	-34.1%	-15.1%	-29.8%	EXLS 40% · BR 7% · G -27%
Passenger Airlines	11	19.0%	22.6%	-33.2%	LTM 2741% · UAL 132% · DAL 101%
Office Services & Supplies	9	15.7%	19.6%	-36.0%	PBI 161% · TILE 138% · HNI 49%
Air Freight & Logistics	12	-20.3%	-22.2%	-39.1%	CHRW 85% · FDX 74% · EXPD 60%
Human Resource & Employment Services	21	4.2%	-19.7%	-39.1%	BBSI 66% · ADP 46% · PAYX 9%
Security & Alarm Services	10	-22.8%	22.3%	-45.9%	CIX 157% · MG 114% · NL 73%
Airport Services	3	-75.0%	-78.5%	-68.2%	JOBY -37% · ASLE -68% · UP -100%

Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Enviri Earnings Notes	12/16/2025
2	Is Enviri Stock Built to Withstand a Pullback?	10/17/2025
3	Day 7 of Gains Streak for Enviri Stock with 17% Return (vs. 48% YTD) [8/26/2025]	08/27/2025
4	Day 6 of Gains Streak for Enviri Stock with 15% Return (vs. 46% YTD) [8/25/2025]	08/26/2025
5	Day 5 of Gains Streak for Enviri Stock with 14% Return (vs. 44% YTD) [8/22/2025]	08/23/2025
6	Enviri (NVRI) Operating Cash Flow Comparison	08/08/2025
7	Enviri (NVRI) Net Income Comparison	08/08/2025
8	Enviri (NVRI) Debt Comparison	08/08/2025
9	Enviri (NVRI) EBITDA Comparison	08/08/2025
10	Enviri (NVRI) Revenue Comparison	08/08/2025
11	ARTICLES
12	NVRI Stock Up 17% after 7-Day Win Streak	08/26/2025
13	NVRI Stock Up 15% after 6-Day Win Streak	08/25/2025
14	NVRI Stock Up 14% after 5-Day Win Streak	08/22/2025

	Title
0	DASHBOARDS
1	Enviri Earnings Notes
2	Is Enviri Stock Built to Withstand a Pullback?
3	Day 7 of Gains Streak for Enviri Stock with 17% Return (vs. 48% YTD) [8/26/2025]
4	Day 6 of Gains Streak for Enviri Stock with 15% Return (vs. 46% YTD) [8/25/2025]
5	Day 5 of Gains Streak for Enviri Stock with 14% Return (vs. 44% YTD) [8/22/2025]
6	Enviri (NVRI) Operating Cash Flow Comparison
7	Enviri (NVRI) Net Income Comparison
8	Enviri (NVRI) Debt Comparison
9	Enviri (NVRI) EBITDA Comparison
10	Enviri (NVRI) Revenue Comparison
11	ARTICLES
12	NVRI Stock Up 17% after 7-Day Win Streak
13	NVRI Stock Up 15% after 6-Day Win Streak
14	NVRI Stock Up 14% after 5-Day Win Streak

Trade Ideas

Select ideas related to NVRI.

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AESI	Atlas Energy Solutions	1.6	13.5%	32.4%
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WNC	Wabash National	0.5	11.3%	54.3%
MXL	MaxLinear	8.4	10.0%	438.4%
VECO	Veeco Instruments	3.0	9.3%	73.8%
VIAV	Viavi Solutions	9.7	9.3%	128.3%
BE	Bloom Energy	82.9	8.3%	232.3%
CRDO	Credo Technology	39.0	7.7%	46.6%
NUTX	Nutex Health	1.5	7.6%	33.7%
STAA	Staar Surgical	1.0	7.5%	-11.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ONT	Onterris	0.5	-16.8%	-43.6%
KDK	Kodiak AI	0.5	-12.6%	-77.7%
ZS	Zscaler	31.0	-10.1%	-14.2%
SLI	Standard Lithium	0.5	-9.7%	-58.4%
RPD	Rapid7	0.8	-9.6%	-23.6%
NGNE	Neurogene	0.6	-9.4%	37.4%
FRVO	Fervo Energy	2.4	-9.2%	-58.5%
BYND	Beyond Meat	4.2	-9.1%	-66.1%
PURR	Hyperliquid Strategies	1.6	-8.8%	261.0%
ADBT	Advasa	0.1	-8.8%	-98.2%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
GRAL	GRAIL	5.5	57.1%	48.3%
SECZ	Securitize	2.4	47.0%	29.8%
BALY	Ballys	0.8	34.5%	-15.3%
MRNA	Moderna	79.2	29.1%	574.4%
VICR	Vicor	13.0	26.6%	157.3%
QMCO	Quantum	0.7	26.3%	391.2%
OUST	Ouster	2.9	24.7%	102.0%
ARHS	Arhaus	1.4	24.6%	-9.1%
BAND	Bandwidth	2.0	23.1%	300.1%
VKTX	Viking Therapeutics	4.1	22.7%	1.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
XNDU	Xanadu Quantum Technologies	1.5	-32.9%	-56.7%
CGEM	Cullinan Therapeutics	0.9	-29.7%	43.1%
ALKT	Alkami Technology	1.5	-27.9%	-40.2%
BYND	Beyond Meat	4.2	-27.5%	-66.1%
KDK	Kodiak AI	0.5	-25.9%	-77.7%
GEN	Gen Digital	13.0	-25.5%	-19.3%
PBLS	Parabilis Medicines	0.9	-25.2%	-1.3%
CTEV	Claritev	0.4	-24.7%	-45.7%
ACAD	ACADIA Pharmaceuticals	3.5	-24.2%	-22.6%
ONT	Onterris	0.5	-22.7%	-43.6%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
SECZ	Securitize	2.4	134.7%	29.8%
GRAL	GRAIL	5.5	59.4%	48.3%
BALY	Ballys	0.8	54.0%	-15.3%
MXL	MaxLinear	8.4	49.0%	438.4%
SDGR	Schrodinger	2.2	48.2%	61.4%
FEIM	Frequency Electronics	0.9	45.9%	64.2%
OKTA	Okta	34.4	45.2%	125.7%
VICR	Vicor	13.0	43.0%	157.3%
ACVA	ACV Auctions	1.8	42.9%	30.4%
FWDI	Forward Industries	0.7	42.0%	27.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
ADBT	Advasa	0.1	-97.9%	-98.2%
ALMS	Alumis	0.9	-69.9%	-27.3%
XNDU	Xanadu Quantum Technologies	1.5	-51.5%	-56.7%
RARE	Ultragenyx Pharmaceutical	1.5	-45.2%	-37.0%
SWMR	Swarmer	0.3	-44.0%	-33.1%
IMUX	Immunic	0.4	-43.3%	75.1%
XENE	Xenon Pharmaceuticals	3.7	-42.1%	-17.6%
BYND	Beyond Meat	4.2	-41.4%	-66.1%
ALHC	Alignment Healthcare	1.7	-40.9%	-58.4%
PRLD	Prelude Therapeutics	0.4	-40.9%	33.6%

Peer Comparisons

Peers to compare with:

Financials

	NVRI	CWST	GEO	CECO	FTEK	WM	Median
Name	Enviri	Casella .	GEO	CECO Env.	Fuel Tech	Waste Ma.
Mkt Price	19.15	82.24	31.22	73.50	1.72	206.83	52.36
Mkt Cap	0.5	5.2	4.1	3.2	0.1	664.3	3.6
Rev LTM	1,601	1,955	2,827	903	27	25,667	1,778
Op Inc LTM	-221	94	353	53	-5	4,752	73
FCF LTM	-376	105	26	-22	-1	3,573	13
FCF 3Y Avg	-	82	120	1	-1	2,617	82
CFO LTM	-247	351	199	-7	-0	6,517	99
CFO 3Y Avg	-	307	240	15	-0	5,768	240

Growth & Margins

	NVRI	CWST	GEO	CECO	FTEK	WM	Median
Name	Enviri	Casella .	GEO	CECO Env.	Fuel Tech	Waste Ma.
Rev Chg LTM	-	13.6%	15.3%	37.6%	8.9%	7.2%	13.6%
Rev Chg 3Y Avg	-	20.6%	5.3%	25.0%	-0.4%	8.7%	8.7%
Rev Chg Q	-	16.9%	15.1%	53.7%	16.7%	4.0%	16.7%
QoQ Delta Rev Chg LTM	-	4.2%	3.5%	12.4%	3.5%	1.0%	3.5%
Op Inc Chg LTM	-	-3.5%	24.7%	15.2%	-0.6%	11.0%	11.0%
Op Inc Chg 3Y Avg	-	-2.6%	-1.8%	21.7%	-33.0%	10.6%	-1.8%
Op Mgn LTM	-13.8%	4.8%	12.5%	5.8%	-16.8%	18.5%	5.3%
Op Mgn 3Y Avg	-	5.8%	12.5%	6.6%	-15.5%	18.7%	6.6%
QoQ Delta Op Mgn LTM	-	-0.1%	0.6%	-1.4%	-0.4%	0.1%	-0.1%
CFO/Rev LTM	-15.4%	18.0%	7.0%	-0.8%	-0.8%	25.4%	3.1%
CFO/Rev 3Y Avg	-	17.9%	9.5%	2.7%	-1.8%	24.5%	9.5%
FCF/Rev LTM	-23.5%	5.4%	0.9%	-2.4%	-4.3%	13.9%	-0.7%
FCF/Rev 3Y Avg	-	4.7%	4.9%	0.8%	-4.0%	11.0%	4.7%

Valuation

	NVRI	CWST	GEO	CECO	FTEK	WM	Median
Name	Enviri	Casella .	GEO	CECO Env.	Fuel Tech	Waste Ma.
Mkt Cap	0.5	5.2	4.1	3.2	0.1	664.3	3.6
P/S	0.3	2.7	1.4	3.5	2.0	25.9	2.3
P/Op Inc	-2.4	55.5	11.5	60.6	-11.7	139.8	33.5
P/EBIT	-2.0	73.7	7.4	-264.7	-11.7	146.6	2.7
P/E	-1.2	917.2	14.0	-104.0	-15.4	232.9	6.4
P/CFO	-2.2	14.9	20.5	-442.0	-253.0	101.9	6.4
Total Yield	-86.8%	0.1%	7.2%	-1.0%	-6.5%	0.6%	-0.4%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%	0.0%
FCF Yield 3Y Avg	-	1.3%	5.1%	0.6%	-2.9%	1.8%	1.3%
D/E	0.8	0.3	0.4	0.2	0.0	0.0	0.3
Net D/E	0.3	0.3	0.4	0.2	-0.4	0.0	0.2

Returns

	NVRI	CWST	GEO	CECO	FTEK	WM	Median
Name	Enviri	Casella .	GEO	CECO Env.	Fuel Tech	Waste Ma.
1M Rtn	-14.8%	-11.6%	-4.2%	1.9%	17.5%	-4.6%	-4.4%
3M Rtn	-13.2%	-12.8%	2.8%	-20.0%	-20.2%	-7.9%	-13.0%
6M Rtn	267.0%	9.7%	86.8%	20.6%	37.2%	-7.3%	28.9%
12M Rtn	463.7%	-8.2%	49.4%	49.2%	-43.4%	-3.8%	22.7%
3Y Rtn	855.8%	5.3%	296.7%	357.7%	58.8%	40.2%	177.7%
1M Excs Rtn	-17.9%	-13.2%	-5.6%	3.6%	19.0%	-7.0%	-6.3%
3M Excs Rtn	-18.4%	-18.1%	-2.5%	-25.3%	-25.5%	-13.2%	-18.3%
6M Excs Rtn	250.2%	-12.2%	60.8%	0.8%	17.7%	-27.4%	9.2%
12M Excs Rtn	459.7%	-26.0%	28.6%	30.7%	-63.6%	-20.8%	3.9%
3Y Excs Rtn	765.6%	-75.8%	241.5%	283.5%	-21.4%	-40.6%	110.0%

FDIC Bank Data

Bank Capital

null

Bank Deposits

null

Bank Assets

null

Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Clinical Pipeline

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Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023
Period End	6/30/2026	12/31/2025	12/31/2024	12/31/2023
Filing Date	8/11/2026	5/6/2026	5/6/2026	5/6/2026
Key Financials
Total Revenue	1,601	1,267	1,403	1,439
Gross Profit	103	165	188	220
EBITDA	-88	35	70	130
Operating Income	-221	-48	-2	42
Net Income	-463	-228	-195	-137
EPS	-16.61	-8.11	-6.93	-4.88
Growth Rates
Total Revenue Growth	-	-9.7%	-2.5%	-
EBITDA Growth	-	-50.2%	-46.1%	-
Operating Income Growth	-	-2791.0%	-103.9%	-
Net Income Growth	-	-17.0%	-42.0%	-
Margins
Gross Margin	6.4%	13.0%	13.4%	15.3%
EBITDA Margin	-5.5%	2.8%	5.0%	9.0%
Operating Income Margin	-13.8%	-3.8%	-0.1%	3.0%
Net Income Margin	-28.9%	-18.0%	-13.9%	-9.5%
Cash & Debt
Total Cash	253	103	88	�
Total Debt	420	1,723	1,603	0
Net Debt / (Cash)	167	1,620	1,515	�
Cash Flows & CapEx
Net Cash from Operations	-247	-23	-45	-14
Total CapEx	-129	-92	-105	-107
Free Cash from Operations	-376	-115	-149	-121
Returns to Shareholders
Dividends	0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0

$ Mil \| FY: 12/31	2026Q2	2026Q1
Period End	6/30/2026	3/31/2026
Filing Date	8/11/2026	6/8/2026
Key Financials Quarterly
Total Revenue	187	550
Ebitda	-189	26
Operating Income	-244	14
Net Income	-396	-11
EPS	-14.21	-0.38
Key Financials TTM
Total Revenue TTM	1,601	-
Ebitda TTM	-88	-
Operating Income TTM	-221	-
Net Income TTM	-463	-
Growth Rates Quarterly
Total Revenue Growth	-	-
EBITDA Growth	-	-
Operating Income Growth	-	-
Net Income Growth	-	-
Margins Quarterly
EBITDA Margin	-100.8%	4.8%
Operating Income Margin	-130.5%	2.5%
Net Income Margin	-211.4%	-1.9%
Cash & Debt
Total Cash	253	106
Total Debt	420	1,752
Net Debt / (Cash)	167	1,646
Cash Flows Quarterly
FCF from Operations	-262	-13
Cash Flows TTM
FCF from Operations TTM	-247	-
Returns to Shareholders Quarterly
Dividends	0	0
Share Repurchases	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-586.0%	0.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-132.7%	-

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023
Harsco Environmental	1,019	1,112	1,142
Harsco Rail	247	291	297
Corporate	0	0	0
Total	1,267	1,403	1,439

Operating Income by Segment

$ Mil	2025	2024	2023
Harsco Environmental	21	18	62
Corporate	-12	6	1
Harsco Rail	-64	-55	-35
Total	-55	-30	28

Assets by Segment

$ Mil	2025	2024
Harsco Environmental	1,329	1,263
Harsco Rail	333	351
Corporate	8	24
Total	1,671	1,638

Price Behavior

Price Behavior

Market Price	$19.15
Market Cap ($ Bil)	0.5
First Trading Date	12/29/2006
Distance from 52W High	-19.7%
	50 Days	200 Days
DMA Price	$21.67	$11.79
DMA Trend	up	indeterminate
Distance from DMA	-11.6%	62.4%
	3M	1YR
Volatility	44.5%	215.2%
Downside Capture	246.60	-110.95
Upside Capture	112.38	112.18
Correlation (SPY)	24.1%	0.0%

NVRI Betas & Captures as of 8/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	1.99	1.12	-2.72	-1.06	-0.08	1.31
Up Beta	-0.54	0.06	-0.28	0.57	1.39	1.67
Down Beta	2.32	0.16	-1.29	-0.33	0.16	1.53
Up Capture	292%	149%	152%	96%	136%	454%
Bmk +ve Days	10	21	32	68	138	427
Stock +ve Days	10	21	34	65	129	387
Down Capture	430%	213%	-1033%	-540%	-304%	95%
Bmk -ve Days	11	21	32	59	113	324
Stock -ve Days	10	20	27	59	116	340

[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	87.2%	46.6%	1.48	-
Sector ETF (XLI)	13.0%	17.2%	0.54	23.0%
Equity (SPY)	17.7%	13.0%	0.98	25.9%
Gold (GLD)	14.7%	29.3%	0.46	16.1%
Commodities (DBC)	44.3%	20.7%	1.66	-10.8%
Real Estate (VNQ)	4.5%	13.6%	0.07	27.6%
Bitcoin (BTCUSD)	-25.9%	44.8%	-0.54	5.2%

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	6.4%	55.8%	0.33	-
Sector ETF (XLI)	12.9%	17.6%	0.56	46.3%
Equity (SPY)	13.3%	17.2%	0.59	43.4%
Gold (GLD)	19.2%	18.8%	0.83	12.8%
Commodities (DBC)	10.8%	19.6%	0.43	13.0%
Real Estate (VNQ)	0.9%	18.9%	-0.06	39.0%
Bitcoin (BTCUSD)	12.2%	52.6%	0.41	17.5%

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	9.7%	57.8%	0.40	-
Sector ETF (XLI)	13.4%	20.0%	0.59	53.9%
Equity (SPY)	15.5%	17.9%	0.73	48.6%
Gold (GLD)	12.1%	16.4%	0.61	5.3%
Commodities (DBC)	8.5%	18.1%	0.38	24.1%
Real Estate (VNQ)	4.8%	20.7%	0.19	39.7%
Bitcoin (BTCUSD)	63.8%	66.2%	1.03	15.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	9152026
Short Interest: Shares Quantity	3.3 Mil
Short Interest: % Change Since 8312026	11.1%
Average Daily Volume	0.3 Mil
Days-to-Cover Short Interest	12.0 days
Basic Shares Quantity	27.9 Mil
Short % of Basic Shares	11.8%

Returns Analyses

	Title
0	Is Enviri Stock Built to Withstand a Pullback?

Earnings Returns History

Updated 9/14/2026

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/11/2026	-7.9%	-4.4%	3.1%
SUMMARY STATS
# Positive	0	0	1
# Negative	1	1	0
Median Positive			3.1%
Median Negative	-7.9%	-4.4%
Max Positive			3.1%
Max Negative	-7.9%	-4.4%

Collapse to Preview

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/11/2026	-7.9%	-4.4%	3.1%
SUMMARY STATS
# Positive	0	0	1
# Negative	1	1	0
Median Positive			3.1%
Median Negative	-7.9%	-4.4%
Max Positive			3.1%
Max Negative	-7.9%	-4.4%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
06/30/2026	08/11/2026	10-Q
03/31/2026	06/08/2026	10-Q
12/31/2025	05/06/2026	10-12B/A

Recent Forward Guidance

Updated 8/12/2026

Latest: null Earnings Reported 8/11/2026

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Insider Activity

Updated 8/18/2026

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Haznedar, Carolann I		Direct	Buy	8182026	20.46	4,875	99,747	878,902	Form
2	Minan, Peter Francis	Executive Vice President & CFO	Direct	Buy	6082026	19.25	8,333	160,410	316,354	Form
3	Purvis, Edgar M JR		Direct	Buy	6042026	18.10	14,000	253,400	868,348	Form
4	Hochman, Russell C	President and CEO	Direct	Buy	6042026	19.43	51,519	1,001,014	2,807,829	Form
5	Kozak, Jennifer Ott	Senior Vice President & CHRO	Direct	Sell	12092025	18.18	9,692	176,198	148,728	Form

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Haznedar, Carolann I		Direct	Buy	8182026	20.46	4,875	99,747	878,902	Form
2	Minan, Peter Francis	Executive Vice President & CFO	Direct	Buy	6082026	19.25	8,333	160,410	316,354	Form
3	Purvis, Edgar M JR		Direct	Buy	6042026	18.10	14,000	253,400	868,348	Form
4	Hochman, Russell C	President and CEO	Direct	Buy	6042026	19.43	51,519	1,001,014	2,807,829	Form
5	Kozak, Jennifer Ott	Senior Vice President & CHRO	Direct	Sell	12092025	18.18	9,692	176,198	148,728	Form

Investor Activity (13F)

Updated Sep 27, 2026

13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Mason Capital Management LLC	$88.2 Mil	14.4%	7	New	13F
Newtyn Management, LLC	$108.0 Mil	11.5%	33	ADD +19.6%	13F
Scoggin Management LP	$9.8 Mil	3.9%	30	ADD +33.3%	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Mason Capital Management LLC	$88.2 Mil	14.4%	7	New	13F
Scoggin Management LP	$9.8 Mil	3.9%	30	ADD +33.3%	13F
Newtyn Management, LLC	$108.0 Mil	11.5%	33	ADD +19.6%	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Angelo Gordon & Co., L.P.	$63.1 Mil	6.0%	46	Exited	13F
Pertento Partners LLP	$27.4 Mil	3.0%	17	Exited	13F
HG Vora Capital Management, LLC	$22.4 Mil	8.5%	7	Exited	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Newtyn Management, LLC	$108.0 Mil	11.5%	33	ADD +19.6%	13F
Mason Capital Management LLC	$88.2 Mil	14.4%	7	New	13F
Scoggin Management LP	$9.8 Mil	3.9%	30	ADD +33.3%	13F

NVRI Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

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Combined Score

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1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Enviri — Investor Video Playlist

Investor / Analyst

Enviri 2023 ESG Report

Enviri · 2024-07-25

Products & Services

Harsco Environmental- AgroSilício

Enviri · 2023-10-12

Industry Resources

Industrials Resources

IndustryWeek

Manufacturing.net

Aviation Week

Environmental & Facilities Services Resources

Waste360

Waste Dive

FacilitiesNet

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Core Cache Last Updated: 9/26/2026

Enviri (NVRI)

Market Price (9/27/2026): $19.15 | Market Cap: $533.8 MilSector: Industrials | Industry: Environmental & Facilities Services

Enviri (NVRI)

Market Price (9/27/2026): $19.15Market Cap: $533.8 MilSector: IndustrialsIndustry: Environmental & Facilities Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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NVRI Trade Sentinel

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CONVICTION RATIONALE

STOCK ARCHETYPE

Market Price (9/27/2026): $19.15
Market Cap: $533.8 Mil
Sector: Industrials
Industry: Environmental & Facilities Services