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

GLADSTONE LAND Corp is the larger business by last-quarter revenue ($16.6M vs $11.3M, roughly 1.5× Enovix Corp). On growth, Enovix Corp posted the faster year-over-year revenue change (15.9% vs -1.5%). Over the past eight quarters, Enovix Corp's revenue compounded faster (46.2% CAGR vs -11.8%).

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.

Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While it...

ENVX vs LAND — Head-to-Head

Bigger by revenue
LAND
LAND
1.5× larger
LAND
$16.6M
$11.3M
ENVX
Growing faster (revenue YoY)
ENVX
ENVX
+17.4% gap
ENVX
15.9%
-1.5%
LAND
Faster 2-yr revenue CAGR
ENVX
ENVX
Annualised
ENVX
46.2%
-11.8%
LAND

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ENVX
ENVX
LAND
LAND
Revenue
$11.3M
$16.6M
Net Profit
$-35.0M
Gross Margin
22.2%
Operating Margin
-390.5%
200.3%
Net Margin
-310.6%
Revenue YoY
15.9%
-1.5%
Net Profit YoY
6.6%
EPS (diluted)
$-0.14

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
LAND
LAND
Q1 26
$16.6M
Q4 25
$11.3M
$41.5M
Q3 25
$8.0M
$17.8M
Q2 25
$7.5M
$12.3M
Q1 25
$5.1M
$16.8M
Q4 24
$9.7M
$21.1M
Q3 24
$4.3M
$22.6M
Q2 24
$3.8M
$21.3M
Net Profit
ENVX
ENVX
LAND
LAND
Q1 26
Q4 25
$-35.0M
$4.2M
Q3 25
$-53.7M
$2.1M
Q2 25
$-44.5M
$-7.9M
Q1 25
$-23.5M
$15.1M
Q4 24
$-37.5M
$540.0K
Q3 24
$-22.5M
$6.0K
Q2 24
$-115.9M
$-823.0K
Gross Margin
ENVX
ENVX
LAND
LAND
Q1 26
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%
Operating Margin
ENVX
ENVX
LAND
LAND
Q1 26
200.3%
Q4 25
-390.5%
Q3 25
-587.9%
Q2 25
-585.6%
Q1 25
-834.8%
Q4 24
-355.2%
Q3 24
-1141.2%
Q2 24
-2355.4%
Net Margin
ENVX
ENVX
LAND
LAND
Q1 26
Q4 25
-310.6%
10.2%
Q3 25
-672.3%
11.7%
Q2 25
-596.3%
-64.1%
Q1 25
-461.2%
89.9%
Q4 24
-385.6%
2.6%
Q3 24
-522.0%
0.0%
Q2 24
-3075.2%
-3.9%
EPS (diluted)
ENVX
ENVX
LAND
LAND
Q1 26
Q4 25
$-0.14
$-0.05
Q3 25
$-0.27
$-0.11
Q2 25
$-0.22
$-0.38
Q1 25
$-0.12
$0.25
Q4 24
$0.00
$-0.15
Q3 24
$-0.28
$-0.16
Q2 24
$-0.63
$-0.19

Balance Sheet & Financial Strength

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

Metric
ENVX
ENVX
LAND
LAND
Cash + ST InvestmentsLiquidity on hand
$512.0M
Total DebtLower is stronger
$519.5M
Stockholders' EquityBook value
$271.2M
$688.3M
Total Assets
$879.0M
$1.2B
Debt / EquityLower = less leverage
1.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENVX
ENVX
LAND
LAND
Q1 26
Q4 25
$512.0M
$27.2M
Q3 25
$558.8M
$11.3M
Q2 25
$203.4M
$30.5M
Q1 25
$248.2M
$42.9M
Q4 24
$272.9M
$18.3M
Q3 24
$200.9M
$13.2M
Q2 24
$249.9M
$49.8M
Total Debt
ENVX
ENVX
LAND
LAND
Q1 26
Q4 25
$519.5M
$473.6M
Q3 25
$518.6M
$480.4M
Q2 25
$169.7M
$496.4M
Q1 25
$169.4M
$498.8M
Q4 24
$170.0M
$527.5M
Q3 24
$168.9M
$530.7M
Q2 24
$170.1M
$549.4M
Stockholders' Equity
ENVX
ENVX
LAND
LAND
Q1 26
$688.3M
Q4 25
$271.2M
$670.3M
Q3 25
$294.3M
$661.8M
Q2 25
$203.7M
$670.1M
Q1 25
$235.1M
$689.9M
Q4 24
$246.7M
$687.2M
Q3 24
$167.6M
$691.2M
Q2 24
$170.3M
$708.5M
Total Assets
ENVX
ENVX
LAND
LAND
Q1 26
$1.2B
Q4 25
$879.0M
$1.2B
Q3 25
$913.7M
$1.2B
Q2 25
$469.1M
$1.3B
Q1 25
$499.0M
$1.3B
Q4 24
$527.2M
$1.3B
Q3 24
$448.0M
$1.3B
Q2 24
$489.0M
$1.4B
Debt / Equity
ENVX
ENVX
LAND
LAND
Q1 26
Q4 25
1.92×
0.71×
Q3 25
1.76×
0.73×
Q2 25
0.83×
0.74×
Q1 25
0.72×
0.72×
Q4 24
0.69×
0.77×
Q3 24
1.01×
0.77×
Q2 24
1.00×
0.78×

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
LAND
LAND
Operating Cash FlowLast quarter
$-27.0M
Free Cash FlowOCF − Capex
$-28.0M
FCF MarginFCF / Revenue
-248.6%
Capex IntensityCapex / Revenue
8.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-113.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENVX
ENVX
LAND
LAND
Q1 26
Q4 25
$-27.0M
$7.0M
Q3 25
$-25.5M
$-12.0M
Q2 25
$-25.9M
$3.9M
Q1 25
$-16.9M
$4.5M
Q4 24
$-16.0M
$29.5M
Q3 24
$-30.7M
$-1.4M
Q2 24
$-26.9M
$15.9M
Free Cash Flow
ENVX
ENVX
LAND
LAND
Q1 26
Q4 25
$-28.0M
Q3 25
$-28.5M
Q2 25
$-33.8M
Q1 25
$-23.2M
Q4 24
$-32.3M
Q3 24
$-50.2M
Q2 24
$-52.2M
FCF Margin
ENVX
ENVX
LAND
LAND
Q1 26
Q4 25
-248.6%
Q3 25
-356.7%
Q2 25
-453.0%
Q1 25
-454.7%
Q4 24
-332.6%
Q3 24
-1163.2%
Q2 24
-1384.2%
Capex Intensity
ENVX
ENVX
LAND
LAND
Q1 26
Q4 25
8.9%
Q3 25
37.2%
Q2 25
106.7%
Q1 25
123.0%
Q4 24
168.3%
Q3 24
452.5%
Q2 24
669.0%
Cash Conversion
ENVX
ENVX
LAND
LAND
Q1 26
Q4 25
1.66×
Q3 25
-5.77×
Q2 25
Q1 25
0.30×
Q4 24
54.72×
Q3 24
-227.83×
Q2 24

Financial Flow Comparison

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

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