Enviri Q4 Revenue Flat at $556.4M, Adjusted EBITDA Hits $70.1M
Enviri reported Q4 CY2025 revenue of $556.4 million, flat year-over-year but 1% above consensus, and narrowed its non-GAAP loss to $0.17 per share versus analysts’ $0.23 loss forecast. Adjusted EBITDA reached $70.1 million (12.6% margin), outperforming the $65.1 million estimate despite free cash flow turning negative $10.5 million.
1. Q4 CY2025 Financial Results
Enviri delivered Q4 CY2025 revenue of $556.4 million, matching last year’s figure and topping the $550.9 million consensus by 1%. The company reported a non-GAAP loss of $0.17 per share versus the $0.23 deficit analysts anticipated.
2. Profitability Metrics
Adjusted EBITDA amounted to $70.1 million, representing a 12.6% margin and beating the $65.1 million forecast. Operating margin remained at negative 6%, unchanged from the prior year quarter.
3. Cash Flow and Capital Structure
Free cash flow declined to negative $10.5 million in Q4, down from positive $1.8 million a year earlier, reflecting rising working capital needs. Market capitalization stands at approximately $1.54 billion.
4. Analyst Projections
Sell-side analysts forecast 2.3% revenue growth over the next 12 months, underpinned by new service offerings, and expect full-year EPS losses to narrow from negative $0.62 to negative $0.29 per share.