Enviva Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Enviva Inc (EVA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Enviva Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1,178M vs 89M combined for tracked competitors (93.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-2.8% annualized vs trailing 12 months), vs decelerating (-2.5%) for its tracked peer group.
- Growth: Enviva Inc generated 19.6% revenue growth year over year in Q4 2023, vs -16.8% for its tracked competitors combined.
- Profitability: Its -149.5% net margin compares with 2.3% for the peer group.
- Peer revenue share: Enviva Inc accounted for 93.0% of combined revenue among its tracked peer group, up from 90.2% a year earlier.
- Peer differentiation: Revenue per employee of $1.17M compares with $8.88M for the peer group (0.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
EVA Sales vs. its Competitors, Q4 2023
Enviva Inc reported revenue growth of 19.60 % year on year in Q4 2023, above its competitors' combined revenue change of -16.80 %.
With a net margin of -149.54 %, Enviva Inc reported lower profitability than its competitors (2.25 %).
Enviva Inc generated 92.97 % of the combined sales of its peer group, up from 90.19 % a year earlier.
Enviva Inc vs. its Competitors, Q4 2023
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Enviva Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Enviva Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Enviva Inc's competitor groups requires a Commercial License.
For context: the Forestry & Wood Products industry grew revenue -3.2% year over year, combined, vs 19.6% for Enviva Inc. Enviva Inc's share of combined industry revenue moved from 1.17% to 1.45%, a gain of 0.28 percentage points.
Enviva Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Enviva Inc | No | Yes | Yes | Yes |
| Competitors combined (1) | ||||
| Similar Growth & Profitability (8) | 37.50 % (3 of 8) | 50.00 % (4 of 8) | 50.00 % (4 of 8) | 62.50 % (5 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
EVA Stock Performance relative to its Competitors
EVA Stock Performance relative to Similar Growth & Profitability Competitors
Enviva Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Enviva Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Enviva Inc | 29.90 | 1,177.85 |
| Tsr Inc | 28.80 | 88.82 |
| SUBTOTAL | 58.70 | 1,266.67 |
Sources: Enviva Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Enviva Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Enviva Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Drax Biomass Inc. | Named by the company | 85% |
| Pinnacle Renewable Energy Inc. | Named by the company | 85% |
| An Viet Phat Energy Co., LTD | Named by the company | 85% |
| Pacific BioEnergy Corporation | Named by the company | 85% |
| Fram Renewable Fuels, LLC | Named by the company | 85% |
| AS Graanul Invest | Named by the company | 85% |
| Phu Tai Bio-Energy Corporation | Named by the company | 85% |
| Highland Pellets LLC | Named by the company | 85% |
| Tsr Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Enviva Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Enviva Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Enviva Inc | 30 | 1,173,160 | -683,686 |
| Tsr Inc | 29 | 8,881,942 | 199,536 |
| PEERS TOTAL | 29 | 8,881,942 | 199,536 |
Enviva Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Forestry & Wood Products industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (23 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | -3.42 % | 21.21 % (avg) | -24.6 pp |
| Operating Margin | -43.44 % | industry median | -51.1 pp |
| EBITDA Margin | -42.05 % | -3.94 % (avg) | -38.1 pp |
| Capital Intensity (Capex / Revenue) | 25.58 % | 5.28 % (avg) | +20.3 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Enviva Inc's Valuation vs Competitive Position
Valuation multiples vs the Forestry & Wood Products industry average (23 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 36.0x | - |
| EV / EBITDA | - | 13.1x | - |
| P/B | 0.6x | 3.1x | -2.5x |
| Return on Equity | -482.04 % | industry aggregate | -492.04 % |
| Return on Invested Capital | -29.16 % | -2.11 % (avg) | -27.05 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Enviva Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 1.51 % | 17.00 % | -2.10 % | 28.69 % | 127.93 % | 6.32 % | -34.02 % | 7.64 % |
| Operating Margin | 8.17 % | 8.81 % | 6.93 % | 6.53 % | 3.96 % | 2.96 % | -8.73 % | -43.44 % |
| Return on Invested Capital | 3.16 % | 4.05 % | 3.89 % | 3.48 % | 3.61 % | 2.46 % | -4.20 % | -29.16 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Enviva Inc's Strategic Group Map
Every company in Enviva Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Enviva Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Enviva Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 25.58 % vs industry average 5.28 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Enviva Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Enviva Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Enviva Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Enviva Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Enviva Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 51.1 points below the industry median.
- Return on equity 492.0 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-2.8% annualized vs trailing 12 months).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-2.5% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Enviva Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Enviva Inc | 0.13 | 0.55 | 10.40 |
| Tsr Inc | 1.56 | 3.21 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Enviva Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Enviva Inc | Q4 2023 | +19.6 % | - |
| Tsr Inc | Q4 2023 | -18.8 % | +336.8 % |
| PEERS TOTAL | +16.1 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Enviva Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Enviva Inc | Q4 2023 | +254.0 % | +60.2 % |
| Tsr Inc | Q4 2023 | -19.2 % | - |
Enviva Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Enviva Inc | - | - | - |
| Tsr Inc | 8.32% | 11.51% | 11.70% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Enviva Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Enviva Inc | - | 0.03 |
| Tsr Inc | 15.74 | 0.32 |
| PEERS AVERAGE | - | 0.05 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.