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Side-by-side financial comparison of Enovix Corp (ENVX) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $11.3M, roughly 1.5× Enovix Corp). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs -310.6%, a 377.9% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 15.9%).

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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

ENVX vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.5× larger
SLGL
$17.3M
$11.3M
ENVX
Growing faster (revenue YoY)
SLGL
SLGL
+201.8% gap
SLGL
217.7%
15.9%
ENVX
Higher net margin
SLGL
SLGL
377.9% more per $
SLGL
67.3%
-310.6%
ENVX

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ENVX
ENVX
SLGL
SLGL
Revenue
$11.3M
$17.3M
Net Profit
$-35.0M
$11.6M
Gross Margin
22.2%
Operating Margin
-390.5%
65.1%
Net Margin
-310.6%
67.3%
Revenue YoY
15.9%
217.7%
Net Profit YoY
6.6%
487.6%
EPS (diluted)
$-0.14
$4.17

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
SLGL
SLGL
Q4 25
$11.3M
Q3 25
$8.0M
Q2 25
$7.5M
$17.3M
Q1 25
$5.1M
Q4 24
$9.7M
Q3 24
$4.3M
Q2 24
$3.8M
$5.4M
Q1 24
$5.3M
Net Profit
ENVX
ENVX
SLGL
SLGL
Q4 25
$-35.0M
Q3 25
$-53.7M
Q2 25
$-44.5M
$11.6M
Q1 25
$-23.5M
Q4 24
$-37.5M
Q3 24
$-22.5M
Q2 24
$-115.9M
$2.0M
Q1 24
$-46.4M
Gross Margin
ENVX
ENVX
SLGL
SLGL
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
SLGL
SLGL
Q4 25
-390.5%
Q3 25
-587.9%
Q2 25
-585.6%
65.1%
Q1 25
-834.8%
Q4 24
-355.2%
Q3 24
-1141.2%
Q2 24
-2355.4%
29.9%
Q1 24
-1330.3%
Net Margin
ENVX
ENVX
SLGL
SLGL
Q4 25
-310.6%
Q3 25
-672.3%
Q2 25
-596.3%
67.3%
Q1 25
-461.2%
Q4 24
-385.6%
Q3 24
-522.0%
Q2 24
-3075.2%
36.4%
Q1 24
-879.5%
EPS (diluted)
ENVX
ENVX
SLGL
SLGL
Q4 25
$-0.14
Q3 25
$-0.27
Q2 25
$-0.22
$4.17
Q1 25
$-0.12
Q4 24
$0.00
Q3 24
$-0.28
Q2 24
$-0.63
$0.71
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
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$512.0M
$24.3M
Total DebtLower is stronger
$519.5M
Stockholders' EquityBook value
$271.2M
$31.9M
Total Assets
$879.0M
$39.3M
Debt / EquityLower = less leverage
1.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENVX
ENVX
SLGL
SLGL
Q4 25
$512.0M
Q3 25
$558.8M
Q2 25
$203.4M
$24.3M
Q1 25
$248.2M
Q4 24
$272.9M
Q3 24
$200.9M
Q2 24
$249.9M
$26.5M
Q1 24
$262.4M
Total Debt
ENVX
ENVX
SLGL
SLGL
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
SLGL
SLGL
Q4 25
$271.2M
Q3 25
$294.3M
Q2 25
$203.7M
$31.9M
Q1 25
$235.1M
Q4 24
$246.7M
Q3 24
$167.6M
Q2 24
$170.3M
$34.9M
Q1 24
$229.3M
Total Assets
ENVX
ENVX
SLGL
SLGL
Q4 25
$879.0M
Q3 25
$913.7M
Q2 25
$469.1M
$39.3M
Q1 25
$499.0M
Q4 24
$527.2M
Q3 24
$448.0M
Q2 24
$489.0M
$42.0M
Q1 24
$508.9M
Debt / Equity
ENVX
ENVX
SLGL
SLGL
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
SLGL
SLGL
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
SLGL
SLGL
Q4 25
$-27.0M
Q3 25
$-25.5M
Q2 25
$-25.9M
Q1 25
$-16.9M
Q4 24
$-16.0M
Q3 24
$-30.7M
Q2 24
$-26.9M
Q1 24
$-35.0M
Free Cash Flow
ENVX
ENVX
SLGL
SLGL
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
SLGL
SLGL
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
SLGL
SLGL
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.

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