Enviri's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Enviri (NVRI) 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: Enviri vs Its Competitors
- TTM: Trailing 12-month revenue of 1,867M vs 207,371M combined for its competitors (0.9% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-59.9% annualized vs trailing 12 months), vs accelerating (+9.1%) for its tracked peer group.
- Growth: Enviri generated -66.7% revenue growth year over year in Q2 2026, vs -11.5% for its competitors combined.
- Profitability: Its -210.6% net margin compares with 9.5% for the peer group.
- Peer revenue share: Enviri accounted for 0.3% of combined revenue among its tracked peer group, down from 0.9% a year earlier.
- Peer differentiation: Revenue per employee of $0.16M compares with $0.62M for the peer group (0.3x).
- Structure: Enviri operates in the following segments: Harsco Environmental, Clean Earth, Harsco Rail.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
NVRI Sales vs. its Competitors, Q2 2026
Enviri reported revenue contraction of 66.68 % year on year in Q2 2026, below its competitors' combined revenue change of -11.49 %.
With a net margin of -210.58 %, Enviri reported lower profitability than its competitors (9.53 %).
Enviri generated 0.33 % of the combined sales of its peer group, down from 0.87 % a year earlier.
API endpoints for this dataset
Enviri vs. its Competitors, Q2 2026
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 Enviri reports; 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 Enviri and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Enviri Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Enviri's competitor groups requires a Commercial License.
For context: the Professional Services industry grew revenue 7.1% year over year, combined, vs -66.7% for Enviri. Enviri's share of combined industry revenue moved from 0.11% to 0.03%, a loss of 0.07 percentage points.
Enviri's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Enviri Corp | No | No | No | Yes |
| Competitors combined (32) | ||||
| High-Confidence Competitors (7) | ||||
| Similar Growth & Profitability (8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) | 12.50 % (1 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.
NVRI Stock Performance relative to its Competitors
NVRI Stock Performance relative to High-Confidence Competitors
NVRI Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Ecopetrol S a | 282.9% | Outperformed |
| 2 | Stepan Company | 282.9% | Outperformed |
| 3 | Valaris Limited | 282.9% | Outperformed |
| 4 | Integral Technologies Inc | 282.9% | Outperformed |
| 5 | Dupont De Nemours Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Enviri's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Enviri's Comment on Competition and Industry Peers
Publicly Traded Peers of Enviri Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Enviri Corp |
664.87 | 1,866.97 |
 Waste Management Inc |
94,456.75 | 26,070.00 |
 The Sherwin williams Company |
84,648.60 | 24,409.20 |
 Illinois Tool Works Inc |
80,155.04 | 16,646.00 |
 Republic Services Inc |
75,654.34 | 18,529.00 |
 Ecopetrol S a |
31,970.80 | 30,513.17 |
| SUBTOTAL | 589,744.56 | 292,859.39 |
Sign in to see all competitors of Enviri Corp.
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Enviri Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Enviri's Competitors Named by the Company
Competitive relationships identified from Enviri reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Clean Harbors inc | Company report | 85% |
| Republic Services | Company report | 85% |
| GFL Environmental | Company report | 85% |
| Biolargo Inc | Company report | 85% |
| Loram | Company report | 85% |
| Veolia | Company report | 85% |
| Circon Holdings, Inc. | Company report | 85% |
| Heritage Environmental Services | Company report | 85% |
| Phoenix Global | Company report | 85% |
| SunCoke Entergy, Inc. | Company report | 85% |
| EQT Infrastructure | Company report | 85% |
| Matisa Materiel Industriel SA | Company report | 85% |
| Reworld | Company report | 85% |
| Covanta | Company report | 85% |
| Impact Environmental | Company report | 85% |
| Plasser & Theurer | Company report | 85% |
| U.S. Ecology | Company report | 85% |
| Bayshore Recycling | Company report | 85% |
| Nordco | Company report | 85% |
| Soil Safe | Company report | 85% |
| Eco Materials | Company report | 85% |
| Eqt Corporation | Company report | 85% |
| Heritage crystal Clean Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Enviri's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Enviri's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Enviri Corp | Harsco Environmental 46.69 % |
| Waste Management Inc | East Tier 45.15 % |
| The Sherwin williams Company | Paint Stores Group 57.30 % |
| Illinois Tool Works Inc | Test and Measurement and Electronics 19.33 % |
| Republic Services Inc | Group 1 45.96 % |
| Eqt Corporation | Upstream 92.08 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Enviri'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 |
|---|---|---|---|
| Enviri Corp | 665 | 155,580 | -42,418 |
| Waste Management Inc | 94,457 | 430,909 | 50,760 |
| The Sherwin williams Company | 84,649 | 379,916 | 41,840 |
| Illinois Tool Works Inc | 80,155 | 387,116 | 75,070 |
| Republic Services Inc | 75,654 | 441,167 | 53,013 |
| Ecopetrol S a | 31,971 | 1,271,382 | 153,423 |
| PEERS TOTAL | 589,080 | 617,869 | 56,577 |
Enviri's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Enviri Corp | North America 59.02 % |
| The Sherwin williams Company | Non-US 20.00 % |
| Ppg Industries Inc | North America 33.22 % |
| Dow Inc | U.S.& Canada 40.37 % |
| Dupont De Nemours Inc | Asia Pacific 23.77 % |
| Clean Harbors inc | United States 91.38 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Enviri's Position in Industry Market Structure
Market-capitalization share and concentration across all 153 companies in Enviri's industry classification, broader than the peer set above. Market cap in millions of $.Enviri ranks #0 of 153 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,103, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Visa Inc | 809,797 | 23.70 % |
| 2 | Mastercard Incorporated | 576,334 | 16.87 % |
| 3 | Repay Holdings Corporation | 366,456 | 10.73 % |
| 4 | Alibaba Group Holding Limited | 254,010 | 7.43 % |
| 5 | Accenture Plc | 1,234 | 5.2% |
| 6 | Uber Technologies Inc | 1,234 | 5.2% |
| 7 | Pdd Holdings inc | 1,234 | 5.2% |
| 8 | Orix Corporation | 1,234 | 5.2% |
| 9 | Doordash Inc | 1,234 | 5.2% |
| 10 | Mercadolibre Inc | 1,234 | 5.2% |
| 0 | Enviri Corp | - | 0.00 % |
Market cap and industry share for the rest of Enviri's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Enviri's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Professional Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (291 companies). See the full Professional Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 19.03 % | 33.12 % (avg) | -14.1 pp |
| Operating Margin | -14.08 % | industry median | -18.2 pp |
| EBITDA Margin | -6.34 % | 5.60 % (avg) | -11.9 pp |
| Capital Intensity (Capex / Revenue) | 8.00 % | 4.36 % (avg) | +3.6 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.
Enviri's Valuation vs Competitive Position
Valuation multiples vs the Professional Services industry average (291 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. See the full Professional Services industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 25.2x | - |
| EV / EBITDA | - | 14.0x | - |
| P/B | 1.3x | 3.5x | -2.1x |
| Return on Equity | -122.88 % | industry aggregate | -148.38 % |
| Return on Invested Capital | -11.19 % | 1.05 % (avg) | -12.24 % |
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.
Enviri's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 7.18 % | -12.69 % | 23.95 % | -0.83 % | 2.20 % | 21.52 % | 2.05 % | -4.37 % |
| Operating Margin | 11.09 % | 6.93 % | 1.13 % | 4.78 % | -3.04 % | 5.33 % | 1.42 % | 0.13 % |
| Return on Invested Capital | 12.36 % | 4.40 % | 0.67 % | 2.69 % | -1.92 % | 4.22 % | 1.22 % | 0.11 % |
| P/E | 14.3x | 3.4x | - | - | - | - | - | - |
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.
Enviri's Strategic Group Map
Enviri is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Enviri's trailing-12-month revenue growth of -16.8% and operating margin of -14.1% compares with an average of -16.4% growth and -12.4% margin across its 8 closest peers by combined growth, margin and ROIC -- Enviri sits below that peer average on growth and below it on margin.
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.
Enviri'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 |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,103 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 8.00 % vs industry average 4.36 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Enviri's dedicated Suppliers and Customers pages, not here.
Enviri's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Enviri falls in the Low attractiveness / Low strength cell: Harvest / Divest.
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.
Enviri'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
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Operating margin 18.2 points below the industry median.
- Return on equity 148.4 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-59.9% annualized vs trailing 12 months).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Enviri'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 |
|---|---|---|---|
| Enviri Corp | 0.23 | 1.22 | 3.07 |
| Waste Management Inc | 0.05 | 0.89 | 3.50 |
| The Sherwin williams Company | 0.03 | 0.81 | 2.67 |
| Illinois Tool Works Inc | 0.15 | 1.20 | 2.98 |
| Republic Services Inc | 0.03 | 0.67 | 1.74 |
| Ecopetrol S a | 0.11 | 0.54 | 0.95 |
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.
Enviri'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 |
|---|---|---|---|
| Enviri Corp | Q2 2026 | -66.7 % | - |
| Waste Management Inc | Q3 2026 | +6.3 % | +36.0 % |
| The Sherwin williams Company | Q2 2026 | +7.5 % | +11.8 % |
| Illinois Tool Works Inc | Q3 2026 | +4.4 % | +4.1 % |
| Republic Services Inc | Q3 2026 | +23.6 % | +7.6 % |
| Ecopetrol S a | Q4 2025 | -7.1 % | -19.2 % |
| PEERS TOTAL | +1.4 % | +129.3 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Enviri'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 |
|---|---|---|---|
| Enviri Corp | Q2 2026 | -68.5 % | -11.2 % |
| Waste Management Inc | Q3 2026 | +6.8 % | -15.3 % |
| The Sherwin williams Company | Q2 2026 | +8.0 % | -40.3 % |
| Illinois Tool Works Inc | Q3 2026 | -12.8 % | -12.8 % |
| Republic Services Inc | Q3 2026 | +8.1 % | +11.5 % |
| Ecopetrol S a | Q4 2025 | -3.3 % | +6.2 % |
Enviri's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Enviri Corp | - | - | - |
| Waste Management Inc | 6.66% | 5.79% | 30.86% |
| The Sherwin williams Company | 10.20% | 16.38% | 62.12% |
| Illinois Tool Works Inc | 19.74% | 22.80% | 103.35% |
| Republic Services Inc | 6.38% | 5.96% | 18.47% |
| Ecopetrol S a | 5.12% | 7.30% | 13.53% |
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).
Enviri's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Enviri Corp | - | 0.36 |
| Waste Management Inc | 30.96 | 3.62 |
| The Sherwin williams Company | 31.77 | 3.47 |
| Illinois Tool Works Inc | 36.49 | 4.82 |
| Republic Services Inc | 34.24 | 4.08 |
| Ecopetrol S a | 119.09 | 1.05 |
| PEERS AVERAGE | 22.56 | 2.01 |
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.