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Side-by-side financial comparison of Enovix Corp (ENVX) and FIRST US BANCSHARES, INC. (FUSB). Click either name above to swap in a different company.

Enovix Corp is the larger business by last-quarter revenue ($11.3M vs $10.4M, roughly 1.1× FIRST US BANCSHARES, INC.). FIRST US BANCSHARES, INC. runs the higher net margin — 20.4% vs -310.6%, a 331.0% gap on every dollar of revenue. On growth, Enovix Corp posted the faster year-over-year revenue change (15.9% vs 7.1%). FIRST US BANCSHARES, INC. produced more free cash flow last quarter ($9.1M vs $-28.0M). Over the past eight quarters, Enovix Corp's revenue compounded faster (46.2% CAGR vs 2.6%).

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.

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states.

ENVX vs FUSB — Head-to-Head

Bigger by revenue
ENVX
ENVX
1.1× larger
ENVX
$11.3M
$10.4M
FUSB
Growing faster (revenue YoY)
ENVX
ENVX
+8.9% gap
ENVX
15.9%
7.1%
FUSB
Higher net margin
FUSB
FUSB
331.0% more per $
FUSB
20.4%
-310.6%
ENVX
More free cash flow
FUSB
FUSB
$37.1M more FCF
FUSB
$9.1M
$-28.0M
ENVX
Faster 2-yr revenue CAGR
ENVX
ENVX
Annualised
ENVX
46.2%
2.6%
FUSB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ENVX
ENVX
FUSB
FUSB
Revenue
$11.3M
$10.4M
Net Profit
$-35.0M
$2.1M
Gross Margin
22.2%
Operating Margin
-390.5%
28.1%
Net Margin
-310.6%
20.4%
Revenue YoY
15.9%
7.1%
Net Profit YoY
6.6%
24.2%
EPS (diluted)
$-0.14
$0.36

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
FUSB
FUSB
Q4 25
$11.3M
$10.4M
Q3 25
$8.0M
$10.5M
Q2 25
$7.5M
$10.3M
Q1 25
$5.1M
$9.8M
Q4 24
$9.7M
$9.7M
Q3 24
$4.3M
$10.1M
Q2 24
$3.8M
$10.0M
Q1 24
$5.3M
$9.9M
Net Profit
ENVX
ENVX
FUSB
FUSB
Q4 25
$-35.0M
$2.1M
Q3 25
$-53.7M
$1.9M
Q2 25
$-44.5M
$155.0K
Q1 25
$-23.5M
$1.8M
Q4 24
$-37.5M
$1.7M
Q3 24
$-22.5M
$2.2M
Q2 24
$-115.9M
$2.1M
Q1 24
$-46.4M
$2.1M
Gross Margin
ENVX
ENVX
FUSB
FUSB
Q4 25
22.2%
Q3 25
17.5%
Q2 25
26.0%
Q1 25
5.1%
Q4 24
10.8%
Q3 24
-14.9%
Q2 24
-17.4%
Q1 24
-34.1%
Operating Margin
ENVX
ENVX
FUSB
FUSB
Q4 25
-390.5%
28.1%
Q3 25
-587.9%
23.9%
Q2 25
-585.6%
1.6%
Q1 25
-834.8%
23.8%
Q4 24
-355.2%
23.8%
Q3 24
-1141.2%
29.2%
Q2 24
-2355.4%
27.4%
Q1 24
-1330.3%
27.8%
Net Margin
ENVX
ENVX
FUSB
FUSB
Q4 25
-310.6%
20.4%
Q3 25
-672.3%
18.4%
Q2 25
-596.3%
1.5%
Q1 25
-461.2%
18.1%
Q4 24
-385.6%
17.6%
Q3 24
-522.0%
22.0%
Q2 24
-3075.2%
21.2%
Q1 24
-879.5%
21.3%
EPS (diluted)
ENVX
ENVX
FUSB
FUSB
Q4 25
$-0.14
$0.36
Q3 25
$-0.27
$0.32
Q2 25
$-0.22
$0.03
Q1 25
$-0.12
$0.29
Q4 24
$0.00
$0.29
Q3 24
$-0.28
$0.36
Q2 24
$-0.63
$0.34
Q1 24
$-0.28
$0.34

Balance Sheet & Financial Strength

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

Metric
ENVX
ENVX
FUSB
FUSB
Cash + ST InvestmentsLiquidity on hand
$512.0M
$73.5M
Total DebtLower is stronger
$519.5M
$10.9M
Stockholders' EquityBook value
$271.2M
$105.6M
Total Assets
$879.0M
$1.2B
Debt / EquityLower = less leverage
1.92×
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENVX
ENVX
FUSB
FUSB
Q4 25
$512.0M
$73.5M
Q3 25
$558.8M
$54.7M
Q2 25
$203.4M
$54.0M
Q1 25
$248.2M
$56.0M
Q4 24
$272.9M
$47.2M
Q3 24
$200.9M
$82.3M
Q2 24
$249.9M
$58.2M
Q1 24
$262.4M
$60.2M
Total Debt
ENVX
ENVX
FUSB
FUSB
Q4 25
$519.5M
$10.9M
Q3 25
$518.6M
$10.9M
Q2 25
$169.7M
$10.9M
Q1 25
$169.4M
$10.9M
Q4 24
$170.0M
$10.9M
Q3 24
$168.9M
$10.9M
Q2 24
$170.1M
$10.8M
Q1 24
$169.8M
$10.8M
Stockholders' Equity
ENVX
ENVX
FUSB
FUSB
Q4 25
$271.2M
$105.6M
Q3 25
$294.3M
$104.2M
Q2 25
$203.7M
$101.9M
Q1 25
$235.1M
$101.2M
Q4 24
$246.7M
$98.6M
Q3 24
$167.6M
$98.5M
Q2 24
$170.3M
$93.8M
Q1 24
$229.3M
$92.3M
Total Assets
ENVX
ENVX
FUSB
FUSB
Q4 25
$879.0M
$1.2B
Q3 25
$913.7M
$1.1B
Q2 25
$469.1M
$1.1B
Q1 25
$499.0M
$1.1B
Q4 24
$527.2M
$1.1B
Q3 24
$448.0M
$1.1B
Q2 24
$489.0M
$1.1B
Q1 24
$508.9M
$1.1B
Debt / Equity
ENVX
ENVX
FUSB
FUSB
Q4 25
1.92×
0.10×
Q3 25
1.76×
0.10×
Q2 25
0.83×
0.11×
Q1 25
0.72×
0.11×
Q4 24
0.69×
0.11×
Q3 24
1.01×
0.11×
Q2 24
1.00×
0.12×
Q1 24
0.74×
0.12×

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
FUSB
FUSB
Operating Cash FlowLast quarter
$-27.0M
$12.3M
Free Cash FlowOCF − Capex
$-28.0M
$9.1M
FCF MarginFCF / Revenue
-248.6%
87.2%
Capex IntensityCapex / Revenue
8.9%
31.1%
Cash ConversionOCF / Net Profit
5.79×
TTM Free Cash FlowTrailing 4 quarters
$-113.5M
$16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENVX
ENVX
FUSB
FUSB
Q4 25
$-27.0M
$12.3M
Q3 25
$-25.5M
$4.2M
Q2 25
$-25.9M
$3.9M
Q1 25
$-16.9M
$1.8M
Q4 24
$-16.0M
$7.8M
Q3 24
$-30.7M
$1.9M
Q2 24
$-26.9M
$2.5M
Q1 24
$-35.0M
$825.0K
Free Cash Flow
ENVX
ENVX
FUSB
FUSB
Q4 25
$-28.0M
$9.1M
Q3 25
$-28.5M
$3.6M
Q2 25
$-33.8M
$1.6M
Q1 25
$-23.2M
$1.7M
Q4 24
$-32.3M
$5.7M
Q3 24
$-50.2M
$1.3M
Q2 24
$-52.2M
$2.3M
Q1 24
$-50.1M
$-142.0K
FCF Margin
ENVX
ENVX
FUSB
FUSB
Q4 25
-248.6%
87.2%
Q3 25
-356.7%
34.2%
Q2 25
-453.0%
16.0%
Q1 25
-454.7%
17.2%
Q4 24
-332.6%
58.2%
Q3 24
-1163.2%
12.7%
Q2 24
-1384.2%
23.5%
Q1 24
-950.9%
-1.4%
Capex Intensity
ENVX
ENVX
FUSB
FUSB
Q4 25
8.9%
31.1%
Q3 25
37.2%
5.9%
Q2 25
106.7%
21.8%
Q1 25
123.0%
0.7%
Q4 24
168.3%
21.6%
Q3 24
452.5%
6.6%
Q2 24
669.0%
2.0%
Q1 24
286.2%
9.8%
Cash Conversion
ENVX
ENVX
FUSB
FUSB
Q4 25
5.79×
Q3 25
2.18×
Q2 25
25.16×
Q1 25
0.99×
Q4 24
4.53×
Q3 24
0.87×
Q2 24
1.20×
Q1 24
0.39×

Financial Flow Comparison

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

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