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Side-by-side financial comparison of Enovix Corp (ENVX) and Laird Superfood, Inc. (LSF). Click either name above to swap in a different company.

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $11.3M, roughly 1.2× Enovix Corp). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -310.6%, a 297.4% gap on every dollar of revenue. On growth, Enovix Corp posted the faster year-over-year revenue change (15.9% vs 15.0%). Over the past eight quarters, Enovix Corp's revenue compounded faster (46.2% CAGR vs 16.1%).

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.

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

ENVX vs LSF — Head-to-Head

Bigger by revenue
LSF
LSF
1.2× larger
LSF
$13.3M
$11.3M
ENVX
Growing faster (revenue YoY)
ENVX
ENVX
+0.9% gap
ENVX
15.9%
15.0%
LSF
Higher net margin
LSF
LSF
297.4% more per $
LSF
-13.2%
-310.6%
ENVX
Faster 2-yr revenue CAGR
ENVX
ENVX
Annualised
ENVX
46.2%
16.1%
LSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ENVX
ENVX
LSF
LSF
Revenue
$11.3M
$13.3M
Net Profit
$-35.0M
$-1.8M
Gross Margin
22.2%
34.1%
Operating Margin
-390.5%
-13.5%
Net Margin
-310.6%
-13.2%
Revenue YoY
15.9%
15.0%
Net Profit YoY
6.6%
-341.4%
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
LSF
LSF
Q4 25
$11.3M
$13.3M
Q3 25
$8.0M
$12.9M
Q2 25
$7.5M
$12.0M
Q1 25
$5.1M
$11.7M
Q4 24
$9.7M
$11.6M
Q3 24
$4.3M
$11.8M
Q2 24
$3.8M
$10.0M
Q1 24
$5.3M
$9.9M
Net Profit
ENVX
ENVX
LSF
LSF
Q4 25
$-35.0M
$-1.8M
Q3 25
$-53.7M
$-975.1K
Q2 25
$-44.5M
$-362.2K
Q1 25
$-23.5M
$-156.2K
Q4 24
$-37.5M
$-398.4K
Q3 24
$-22.5M
$-166.1K
Q2 24
$-115.9M
$-239.1K
Q1 24
$-46.4M
$-1.0M
Gross Margin
ENVX
ENVX
LSF
LSF
Q4 25
22.2%
34.1%
Q3 25
17.5%
36.5%
Q2 25
26.0%
39.9%
Q1 25
5.1%
41.9%
Q4 24
10.8%
38.6%
Q3 24
-14.9%
43.0%
Q2 24
-17.4%
41.8%
Q1 24
-34.1%
40.0%
Operating Margin
ENVX
ENVX
LSF
LSF
Q4 25
-390.5%
-13.5%
Q3 25
-587.9%
-7.7%
Q2 25
-585.6%
-3.3%
Q1 25
-834.8%
-1.9%
Q4 24
-355.2%
-4.1%
Q3 24
-1141.2%
-2.3%
Q2 24
-2355.4%
-3.4%
Q1 24
-1330.3%
-11.0%
Net Margin
ENVX
ENVX
LSF
LSF
Q4 25
-310.6%
-13.2%
Q3 25
-672.3%
-7.6%
Q2 25
-596.3%
-3.0%
Q1 25
-461.2%
-1.3%
Q4 24
-385.6%
-3.4%
Q3 24
-522.0%
-1.4%
Q2 24
-3075.2%
-2.4%
Q1 24
-879.5%
-10.3%
EPS (diluted)
ENVX
ENVX
LSF
LSF
Q4 25
$-0.14
Q3 25
$-0.27
Q2 25
$-0.22
Q1 25
$-0.12
Q4 24
$0.00
Q3 24
$-0.28
Q2 24
$-0.63
Q1 24
$-0.28

Balance Sheet & Financial Strength

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

Metric
ENVX
ENVX
LSF
LSF
Cash + ST InvestmentsLiquidity on hand
$512.0M
$5.1M
Total DebtLower is stronger
$519.5M
Stockholders' EquityBook value
$271.2M
$11.5M
Total Assets
$879.0M
$19.2M
Debt / EquityLower = less leverage
1.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENVX
ENVX
LSF
LSF
Q4 25
$512.0M
$5.1M
Q3 25
$558.8M
$5.1M
Q2 25
$203.4M
$3.9M
Q1 25
$248.2M
$7.0M
Q4 24
$272.9M
$8.3M
Q3 24
$200.9M
$7.9M
Q2 24
$249.9M
$7.6M
Q1 24
$262.4M
$7.1M
Total Debt
ENVX
ENVX
LSF
LSF
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
LSF
LSF
Q4 25
$271.2M
$11.5M
Q3 25
$294.3M
$12.8M
Q2 25
$203.7M
$13.4M
Q1 25
$235.1M
$13.3M
Q4 24
$246.7M
$13.2M
Q3 24
$167.6M
$13.1M
Q2 24
$170.3M
$12.6M
Q1 24
$229.3M
$12.7M
Total Assets
ENVX
ENVX
LSF
LSF
Q4 25
$879.0M
$19.2M
Q3 25
$913.7M
$18.9M
Q2 25
$469.1M
$20.4M
Q1 25
$499.0M
$21.5M
Q4 24
$527.2M
$19.3M
Q3 24
$448.0M
$18.8M
Q2 24
$489.0M
$18.0M
Q1 24
$508.9M
$17.6M
Debt / Equity
ENVX
ENVX
LSF
LSF
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
LSF
LSF
Operating Cash FlowLast quarter
$-27.0M
$68.4K
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
LSF
LSF
Q4 25
$-27.0M
$68.4K
Q3 25
$-25.5M
$1.2M
Q2 25
$-25.9M
$-2.8M
Q1 25
$-16.9M
$-1.3M
Q4 24
$-16.0M
$339.2K
Q3 24
$-30.7M
$305.8K
Q2 24
$-26.9M
$642.7K
Q1 24
$-35.0M
$-422.3K
Free Cash Flow
ENVX
ENVX
LSF
LSF
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
Q1 24
$-50.1M
FCF Margin
ENVX
ENVX
LSF
LSF
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%
Q1 24
-950.9%
Capex Intensity
ENVX
ENVX
LSF
LSF
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%
Q1 24
286.2%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ENVX
ENVX

Segment breakdown not available.

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

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