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Enviri Corporation
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$1.6B
Market Cap
59.7
P/E
—
PEG
1.1%
ROCE
-44.0%
ROE
5.76
D/E
0.9%
OPM
-17.1%
% from 52W High
84
α RS
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🌏 Global Investor Returns
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📈 Price History
Ratio Health
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About

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. It operates through three segments: Harsco Environmental, Clean Earth, and Harsco Rail. The Harsco Environmental segment offers on-site environmental services for the management of waste and byproduct streams from its customers, which includes resource recovery and recycling of waste materials, materials handling and logistical support, and aluminum dross and scrap management. This segment also manufactures value-added downstream products from industrial waste streams and ecoproducts, which include road surfacing materials, metallurgical additives, agriculture and turf products, and cement additives. The Clean Earth segment provides specialty waste processing solutions, including treatment, recycling, and beneficial reuse of hazardous and non-hazardous wastes and processing of contaminated soil and dredged materials for customers in the industrial, retail, healthcare, and construction industries. The Harsco Rail segment offers railway track maintenance equipment and services, as well as railway maintenance services to railways, mass transit systems, and equipment leasing companies. Its products include engineered railway, rail treatment, tie, and utility track vehicles, new track construction equipment, after-market parts and services, and safety and diagnostics technology systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris. 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.

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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-11
Second quarter results showed strong adjusted EBITDA growth and improved cash flow, driven by operational efficiencies and strategic exits from high-risk contracts. Both HE and Rail segments exceeded expectations, with guidance maintained despite ongoing market and geopolitical uncertainties.
Q1 2026 Q1 2026 2026-05-11
Q1 revenue was $550M with adjusted EBITDA of $65M, as Harsco Environmental and Rail exceeded expectations. Clean Earth sale and New Enviri spin-off are on track, with unchanged 2026 guidance and a focus on margin growth and risk reduction.
Q4 2025 Q4 2025 2026-02-24
Clean Earth sale is on track for mid-2025, with New Enviri focusing on HE and Rail. 2025 revenues were $2.2B, and 2026 guidance projects stable HE performance and continued Rail challenges, with modest free cash flow expected.
Q3 2025 Q3 2025 2025-11-10
Q3 revenue and adjusted EBITDA reached yearly highs but missed expectations, mainly due to rail and environmental segment challenges. Clean Earth delivered record results, while guidance for Q4 and full-year was lowered. Strategic review and Clean Earth sale process are progressing.
Q2 2025 Q2 2025 2025-08-05
Q2 revenue reached $562M with adjusted EBITDA of $65M, as environmental segments performed well but rail underperformed, prompting a $15M guidance reduction. A formal strategic review is underway, including a potential Clean Earth sale, while management expects segment improvements in H2.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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