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Side-by-side financial comparison of Enovix Corp (ENVX) and FutureFuel Corp. (FF). Click either name above to swap in a different company.

FutureFuel Corp. is the larger business by last-quarter revenue ($19.8M vs $11.3M, roughly 1.8× Enovix Corp). FutureFuel Corp. runs the higher net margin — -60.5% vs -310.6%, a 250.1% gap on every dollar of revenue. On growth, Enovix Corp posted the faster year-over-year revenue change (15.9% vs -67.7%). Enovix Corp produced more free cash flow last quarter ($-28.0M vs $-29.9M). Over the past eight quarters, Enovix Corp's revenue compounded faster (46.2% CAGR vs -41.7%).

Enovix Corp is an advanced battery technology company that designs, develops and manufactures high-energy-density 3D silicon anode lithium-ion batteries. Its products serve consumer electronics, wearable devices, electric vehicles, and renewable energy storage segments, with customers and operations across North America, Asia and Europe.

FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.

ENVX vs FF — Head-to-Head

Bigger by revenue
FF
FF
1.8× larger
FF
$19.8M
$11.3M
ENVX
Growing faster (revenue YoY)
ENVX
ENVX
+83.7% gap
ENVX
15.9%
-67.7%
FF
Higher net margin
FF
FF
250.1% more per $
FF
-60.5%
-310.6%
ENVX
More free cash flow
ENVX
ENVX
$1.9M more FCF
ENVX
$-28.0M
$-29.9M
FF
Faster 2-yr revenue CAGR
ENVX
ENVX
Annualised
ENVX
46.2%
-41.7%
FF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ENVX
ENVX
FF
FF
Revenue
$11.3M
$19.8M
Net Profit
$-35.0M
$-12.0M
Gross Margin
22.2%
-46.7%
Operating Margin
-390.5%
-62.9%
Net Margin
-310.6%
-60.5%
Revenue YoY
15.9%
-67.7%
Net Profit YoY
6.6%
-529.4%
EPS (diluted)
$-0.14
$-0.28

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ENVX
ENVX
FF
FF
Q4 25
$11.3M
$19.8M
Q3 25
$8.0M
$22.7M
Q2 25
$7.5M
$35.7M
Q1 25
$5.1M
$17.5M
Q4 24
$9.7M
$61.5M
Q3 24
$4.3M
$51.1M
Q2 24
$3.8M
$72.4M
Q1 24
$5.3M
$58.3M
Net Profit
ENVX
ENVX
FF
FF
Q4 25
$-35.0M
$-12.0M
Q3 25
$-53.7M
$-9.3M
Q2 25
$-44.5M
$-10.4M
Q1 25
$-23.5M
$-17.6M
Q4 24
$-37.5M
$2.8M
Q3 24
$-22.5M
$-1.2M
Q2 24
$-115.9M
$9.6M
Q1 24
$-46.4M
$4.3M
Gross Margin
ENVX
ENVX
FF
FF
Q4 25
22.2%
-46.7%
Q3 25
17.5%
-30.1%
Q2 25
26.0%
-24.6%
Q1 25
5.1%
-83.0%
Q4 24
10.8%
9.1%
Q3 24
-14.9%
0.7%
Q2 24
-17.4%
12.0%
Q1 24
-34.1%
8.6%
Operating Margin
ENVX
ENVX
FF
FF
Q4 25
-390.5%
-62.9%
Q3 25
-587.9%
-42.9%
Q2 25
-585.6%
-33.4%
Q1 25
-834.8%
-107.4%
Q4 24
-355.2%
2.6%
Q3 24
-1141.2%
-5.6%
Q2 24
-2355.4%
7.5%
Q1 24
-1330.3%
3.8%
Net Margin
ENVX
ENVX
FF
FF
Q4 25
-310.6%
-60.5%
Q3 25
-672.3%
-41.1%
Q2 25
-596.3%
-29.2%
Q1 25
-461.2%
-100.6%
Q4 24
-385.6%
4.5%
Q3 24
-522.0%
-2.3%
Q2 24
-3075.2%
13.2%
Q1 24
-879.5%
7.4%
EPS (diluted)
ENVX
ENVX
FF
FF
Q4 25
$-0.14
$-0.28
Q3 25
$-0.27
$-0.21
Q2 25
$-0.22
$-0.24
Q1 25
$-0.12
$-0.40
Q4 24
$0.00
$0.06
Q3 24
$-0.28
$-0.03
Q2 24
$-0.63
$0.22
Q1 24
$-0.28
$0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ENVX
ENVX
FF
FF
Cash + ST InvestmentsLiquidity on hand
$512.0M
$51.3M
Total DebtLower is stronger
$519.5M
Stockholders' EquityBook value
$271.2M
$154.7M
Total Assets
$879.0M
$192.2M
Debt / EquityLower = less leverage
1.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENVX
ENVX
FF
FF
Q4 25
$512.0M
$51.3M
Q3 25
$558.8M
$85.6M
Q2 25
$203.4M
$95.2M
Q1 25
$248.2M
$97.1M
Q4 24
$272.9M
$109.5M
Q3 24
$200.9M
$133.4M
Q2 24
$249.9M
$115.1M
Q1 24
$262.4M
$201.1M
Total Debt
ENVX
ENVX
FF
FF
Q4 25
$519.5M
Q3 25
$518.6M
Q2 25
$169.7M
Q1 25
$169.4M
Q4 24
$170.0M
Q3 24
$168.9M
Q2 24
$170.1M
Q1 24
$169.8M
Stockholders' Equity
ENVX
ENVX
FF
FF
Q4 25
$271.2M
$154.7M
Q3 25
$294.3M
$169.1M
Q2 25
$203.7M
$178.2M
Q1 25
$235.1M
$188.4M
Q4 24
$246.7M
$205.8M
Q3 24
$167.6M
$213.3M
Q2 24
$170.3M
$214.4M
Q1 24
$229.3M
$204.8M
Total Assets
ENVX
ENVX
FF
FF
Q4 25
$879.0M
$192.2M
Q3 25
$913.7M
$203.5M
Q2 25
$469.1M
$218.2M
Q1 25
$499.0M
$227.7M
Q4 24
$527.2M
$247.7M
Q3 24
$448.0M
$256.5M
Q2 24
$489.0M
$261.2M
Q1 24
$508.9M
$365.4M
Debt / Equity
ENVX
ENVX
FF
FF
Q4 25
1.92×
Q3 25
1.76×
Q2 25
0.83×
Q1 25
0.72×
Q4 24
0.69×
Q3 24
1.01×
Q2 24
1.00×
Q1 24
0.74×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ENVX
ENVX
FF
FF
Operating Cash FlowLast quarter
$-27.0M
$-27.4M
Free Cash FlowOCF − Capex
$-28.0M
$-29.9M
FCF MarginFCF / Revenue
-248.6%
-150.5%
Capex IntensityCapex / Revenue
8.9%
12.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-113.5M
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENVX
ENVX
FF
FF
Q4 25
$-27.0M
$-27.4M
Q3 25
$-25.5M
$-1.1M
Q2 25
$-25.9M
$5.2M
Q1 25
$-16.9M
$-5.4M
Q4 24
$-16.0M
$-16.6M
Q3 24
$-30.7M
$25.8M
Q2 24
$-26.9M
$27.8M
Q1 24
$-35.0M
$-12.2M
Free Cash Flow
ENVX
ENVX
FF
FF
Q4 25
$-28.0M
$-29.9M
Q3 25
$-28.5M
$-6.5M
Q2 25
$-33.8M
$-263.0K
Q1 25
$-23.2M
$-9.4M
Q4 24
$-32.3M
$-20.7M
Q3 24
$-50.2M
$20.5M
Q2 24
$-52.2M
$24.8M
Q1 24
$-50.1M
$-14.5M
FCF Margin
ENVX
ENVX
FF
FF
Q4 25
-248.6%
-150.5%
Q3 25
-356.7%
-28.5%
Q2 25
-453.0%
-0.7%
Q1 25
-454.7%
-53.6%
Q4 24
-332.6%
-33.6%
Q3 24
-1163.2%
40.1%
Q2 24
-1384.2%
34.3%
Q1 24
-950.9%
-24.9%
Capex Intensity
ENVX
ENVX
FF
FF
Q4 25
8.9%
12.2%
Q3 25
37.2%
23.5%
Q2 25
106.7%
15.3%
Q1 25
123.0%
22.8%
Q4 24
168.3%
6.6%
Q3 24
452.5%
10.4%
Q2 24
669.0%
4.1%
Q1 24
286.2%
3.9%
Cash Conversion
ENVX
ENVX
FF
FF
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-5.94×
Q3 24
Q2 24
2.90×
Q1 24
-2.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ENVX
ENVX

Segment breakdown not available.

FF
FF

Chemicals$18.0M91%
Biofuels$1.8M9%

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