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Side-by-side financial comparison of FMC CORP (FMC) and ENVIRI Corp (NVRI). Click either name above to swap in a different company.

FMC CORP is the larger business by last-quarter revenue ($1.1B vs $555.0M, roughly 2.0× ENVIRI Corp). ENVIRI Corp runs the higher net margin — -15.2% vs -158.8%, a 143.7% gap on every dollar of revenue. On growth, ENVIRI Corp posted the faster year-over-year revenue change (-0.8% vs -11.5%). FMC CORP produced more free cash flow last quarter ($631.1M vs $-10.5M). Over the past eight quarters, FMC CORP's revenue compounded faster (8.6% CAGR vs -3.8%).

FMC Corporation is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania, which originated as an insecticide producer in 1883 and later diversified into other industries. In 1941 at the beginning of US involvement in WWII, the company received a contract to design and build amphibious tracked landing vehicles for the United States Department of War, and afterwards the company continued to diversify its products. FMC employs 7,000 people worldwide, and had gros...

Enviri Corporation is an environmental company based in Philadelphia, Pennsylvania. It operates in over 30 countries and employs approximately 12,000 people worldwide. The company addresses complex environmental issues for large industries, including steel, railways, and energy.

FMC vs NVRI — Head-to-Head

Bigger by revenue
FMC
FMC
2.0× larger
FMC
$1.1B
$555.0M
NVRI
Growing faster (revenue YoY)
NVRI
NVRI
+10.8% gap
NVRI
-0.8%
-11.5%
FMC
Higher net margin
NVRI
NVRI
143.7% more per $
NVRI
-15.2%
-158.8%
FMC
More free cash flow
FMC
FMC
$641.6M more FCF
FMC
$631.1M
$-10.5M
NVRI
Faster 2-yr revenue CAGR
FMC
FMC
Annualised
FMC
8.6%
-3.8%
NVRI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMC
FMC
NVRI
NVRI
Revenue
$1.1B
$555.0M
Net Profit
$-1.7B
$-84.3M
Gross Margin
39.8%
Operating Margin
-130.8%
-6.4%
Net Margin
-158.8%
-15.2%
Revenue YoY
-11.5%
-0.8%
Net Profit YoY
-10457.1%
0.7%
EPS (diluted)
$-13.77
$-1.04

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
FMC
FMC
NVRI
NVRI
Q4 25
$1.1B
$555.0M
Q3 25
$542.2M
$574.8M
Q2 25
$1.1B
$562.3M
Q1 25
$791.4M
$548.3M
Q4 24
$1.2B
$559.2M
Q3 24
$1.1B
$573.6M
Q2 24
$1.0B
$610.0M
Q1 24
$918.0M
$600.3M
Net Profit
FMC
FMC
NVRI
NVRI
Q4 25
$-1.7B
$-84.3M
Q3 25
$-569.3M
$-22.3M
Q2 25
$66.7M
$-47.6M
Q1 25
$-15.5M
$-13.4M
Q4 24
$-16.3M
$-84.9M
Q3 24
$65.0M
$-13.2M
Q2 24
$295.1M
$-13.6M
Q1 24
$-2.7M
$-18.0M
Gross Margin
FMC
FMC
NVRI
NVRI
Q4 25
39.8%
Q3 25
23.8%
Q2 25
38.7%
Q1 25
40.0%
Q4 24
42.9%
Q3 24
36.3%
Q2 24
38.3%
Q1 24
37.0%
Operating Margin
FMC
FMC
NVRI
NVRI
Q4 25
-130.8%
-6.4%
Q3 25
-73.1%
2.9%
Q2 25
12.0%
-1.3%
Q1 25
7.4%
5.6%
Q4 24
19.2%
-11.4%
Q3 24
12.7%
6.5%
Q2 24
6.0%
5.1%
Q1 24
8.1%
4.3%
Net Margin
FMC
FMC
NVRI
NVRI
Q4 25
-158.8%
-15.2%
Q3 25
-105.0%
-3.9%
Q2 25
6.3%
-8.5%
Q1 25
-2.0%
-2.4%
Q4 24
-1.3%
-15.2%
Q3 24
6.1%
-2.3%
Q2 24
28.4%
-2.2%
Q1 24
-0.3%
-3.0%
EPS (diluted)
FMC
FMC
NVRI
NVRI
Q4 25
$-13.77
$-1.04
Q3 25
$-4.52
$-0.28
Q2 25
$0.53
$-0.59
Q1 25
$-0.12
$-0.17
Q4 24
$-0.13
$-1.07
Q3 24
$0.52
$-0.16
Q2 24
$2.35
$-0.17
Q1 24
$-0.02
$-0.22

Balance Sheet & Financial Strength

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

Metric
FMC
FMC
NVRI
NVRI
Cash + ST InvestmentsLiquidity on hand
$584.5M
$103.7M
Total DebtLower is stronger
$3.4B
$1.6B
Stockholders' EquityBook value
$2.1B
$255.1M
Total Assets
$9.7B
$2.7B
Debt / EquityLower = less leverage
1.62×
6.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMC
FMC
NVRI
NVRI
Q4 25
$584.5M
$103.7M
Q3 25
$497.7M
$115.4M
Q2 25
$438.2M
$97.8M
Q1 25
$315.3M
$102.5M
Q4 24
$357.3M
$88.4M
Q3 24
$416.7M
$110.2M
Q2 24
$471.5M
$104.0M
Q1 24
$417.8M
$103.9M
Total Debt
FMC
FMC
NVRI
NVRI
Q4 25
$3.4B
$1.6B
Q3 25
$3.4B
Q2 25
$3.4B
Q1 25
$3.1B
Q4 24
$3.1B
$1.4B
Q3 24
$3.1B
Q2 24
$3.1B
Q1 24
$3.1B
Stockholders' Equity
FMC
FMC
NVRI
NVRI
Q4 25
$2.1B
$255.1M
Q3 25
$3.8B
$361.1M
Q2 25
$4.4B
$376.3M
Q1 25
$4.4B
$409.0M
Q4 24
$4.5B
$391.5M
Q3 24
$4.6B
$484.0M
Q2 24
$4.6B
$485.7M
Q1 24
$4.3B
$500.9M
Total Assets
FMC
FMC
NVRI
NVRI
Q4 25
$9.7B
$2.7B
Q3 25
$12.1B
$2.8B
Q2 25
$12.3B
$2.8B
Q1 25
$11.8B
$2.7B
Q4 24
$11.7B
$2.6B
Q3 24
$12.2B
$2.8B
Q2 24
$12.1B
$2.8B
Q1 24
$12.0B
$2.8B
Debt / Equity
FMC
FMC
NVRI
NVRI
Q4 25
1.62×
6.10×
Q3 25
0.89×
Q2 25
0.76×
Q1 25
0.71×
Q4 24
0.69×
3.66×
Q3 24
0.68×
Q2 24
0.68×
Q1 24
0.72×

Cash Flow & Capital Efficiency

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

Metric
FMC
FMC
NVRI
NVRI
Operating Cash FlowLast quarter
$657.1M
$38.4M
Free Cash FlowOCF − Capex
$631.1M
$-10.5M
FCF MarginFCF / Revenue
58.3%
-1.9%
Capex IntensityCapex / Revenue
2.4%
8.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-102.5M
$-39.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMC
FMC
NVRI
NVRI
Q4 25
$657.1M
$38.4M
Q3 25
$-184.2M
$34.4M
Q2 25
$65.9M
$22.0M
Q1 25
$-545.0M
$6.6M
Q4 24
$427.9M
$36.3M
Q3 24
$159.5M
$1.4M
Q2 24
$292.2M
$39.0M
Q1 24
$-142.9M
$1.3M
Free Cash Flow
FMC
FMC
NVRI
NVRI
Q4 25
$631.1M
$-10.5M
Q3 25
$-207.9M
$2.7M
Q2 25
$50.9M
$-17.1M
Q1 25
$-576.6M
$-15.0M
Q4 24
$406.3M
$1.8M
Q3 24
$143.8M
$-40.2M
Q2 24
$282.3M
$5.4M
Q1 24
$-163.6M
$-25.5M
FCF Margin
FMC
FMC
NVRI
NVRI
Q4 25
58.3%
-1.9%
Q3 25
-38.3%
0.5%
Q2 25
4.8%
-3.0%
Q1 25
-72.9%
-2.7%
Q4 24
33.2%
0.3%
Q3 24
13.5%
-7.0%
Q2 24
27.2%
0.9%
Q1 24
-17.8%
-4.3%
Capex Intensity
FMC
FMC
NVRI
NVRI
Q4 25
2.4%
8.8%
Q3 25
4.4%
5.5%
Q2 25
1.4%
6.9%
Q1 25
4.0%
3.9%
Q4 24
1.8%
6.2%
Q3 24
1.5%
7.2%
Q2 24
1.0%
5.5%
Q1 24
2.3%
4.5%
Cash Conversion
FMC
FMC
NVRI
NVRI
Q4 25
Q3 25
Q2 25
0.99×
Q1 25
Q4 24
Q3 24
2.45×
Q2 24
0.99×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FMC
FMC

Insecticides$440.3M41%
Herbicides$378.8M35%
Fungicides$140.4M13%
Plant Health$65.6M6%
Other$45.0M4%

NVRI
NVRI

Products And Services Service Revenue$500.2M90%
After Market Parts And Services Safety And Diagnostic Technology$23.0M4%
Railway Track Maintenance Equipment$16.6M3%
Railway Contracting Services$15.9M3%
Aluminum Dross And Scrap Processing Systems$3.1M1%

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