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

ENVIRI Corp is the larger business by last-quarter revenue ($555.0M vs $453.2M, roughly 1.2× INNOSPEC INC.). INNOSPEC INC. runs the higher net margin — 6.8% vs -15.2%, a 22.0% gap on every dollar of revenue. On growth, INNOSPEC INC. posted the faster year-over-year revenue change (2.8% vs -0.8%). Over the past eight quarters, INNOSPEC INC.'s revenue compounded faster (2.1% CAGR vs -3.8%).

Innospec Inc., formerly known as Octel Corporation and Associated Octel Company, Ltd., is an American specialty chemical company. It comprises three business units:The Performance Chemicals business trades in the personal care, home care, agrochemical, mining and industrial markets. The Fuel Specialties business specializes in manufacturing and supplying fuel additives. The Oilfield Services business supplies drilling, completion and production chemicals.

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.

IOSP vs NVRI — Head-to-Head

Bigger by revenue
NVRI
NVRI
1.2× larger
NVRI
$555.0M
$453.2M
IOSP
Growing faster (revenue YoY)
IOSP
IOSP
+3.6% gap
IOSP
2.8%
-0.8%
NVRI
Higher net margin
IOSP
IOSP
22.0% more per $
IOSP
6.8%
-15.2%
NVRI
Faster 2-yr revenue CAGR
IOSP
IOSP
Annualised
IOSP
2.1%
-3.8%
NVRI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IOSP
IOSP
NVRI
NVRI
Revenue
$453.2M
$555.0M
Net Profit
$30.8M
$-84.3M
Gross Margin
27.3%
Operating Margin
8.1%
-6.4%
Net Margin
6.8%
-15.2%
Revenue YoY
2.8%
-0.8%
Net Profit YoY
-8.3%
0.7%
EPS (diluted)
$1.22
$-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
IOSP
IOSP
NVRI
NVRI
Q1 26
$453.2M
Q4 25
$455.6M
$555.0M
Q3 25
$441.9M
$574.8M
Q2 25
$439.7M
$562.3M
Q1 25
$440.8M
$548.3M
Q4 24
$466.8M
$559.2M
Q3 24
$443.4M
$573.6M
Q2 24
$435.0M
$610.0M
Net Profit
IOSP
IOSP
NVRI
NVRI
Q1 26
$30.8M
Q4 25
$47.4M
$-84.3M
Q3 25
$12.9M
$-22.3M
Q2 25
$23.5M
$-47.6M
Q1 25
$32.8M
$-13.4M
Q4 24
$-70.4M
$-84.9M
Q3 24
$33.4M
$-13.2M
Q2 24
$31.2M
$-13.6M
Gross Margin
IOSP
IOSP
NVRI
NVRI
Q1 26
27.3%
Q4 25
28.0%
Q3 25
26.4%
Q2 25
28.0%
Q1 25
28.4%
Q4 24
29.2%
Q3 24
28.0%
Q2 24
29.2%
Operating Margin
IOSP
IOSP
NVRI
NVRI
Q1 26
8.1%
Q4 25
10.3%
-6.4%
Q3 25
1.3%
2.9%
Q2 25
7.8%
-1.3%
Q1 25
9.6%
5.6%
Q4 24
8.8%
-11.4%
Q3 24
10.3%
6.5%
Q2 24
9.4%
5.1%
Net Margin
IOSP
IOSP
NVRI
NVRI
Q1 26
6.8%
Q4 25
10.4%
-15.2%
Q3 25
2.9%
-3.9%
Q2 25
5.3%
-8.5%
Q1 25
7.4%
-2.4%
Q4 24
-15.1%
-15.2%
Q3 24
7.5%
-2.3%
Q2 24
7.2%
-2.2%
EPS (diluted)
IOSP
IOSP
NVRI
NVRI
Q1 26
$1.22
Q4 25
$1.90
$-1.04
Q3 25
$0.52
$-0.28
Q2 25
$0.94
$-0.59
Q1 25
$1.31
$-0.17
Q4 24
$-2.80
$-1.07
Q3 24
$1.33
$-0.16
Q2 24
$1.24
$-0.17

Balance Sheet & Financial Strength

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

Metric
IOSP
IOSP
NVRI
NVRI
Cash + ST InvestmentsLiquidity on hand
$289.1M
$103.7M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$1.4B
$255.1M
Total Assets
$1.8B
$2.7B
Debt / EquityLower = less leverage
6.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOSP
IOSP
NVRI
NVRI
Q1 26
$289.1M
Q4 25
$292.5M
$103.7M
Q3 25
$270.8M
$115.4M
Q2 25
$266.6M
$97.8M
Q1 25
$299.8M
$102.5M
Q4 24
$289.2M
$88.4M
Q3 24
$303.8M
$110.2M
Q2 24
$240.2M
$104.0M
Total Debt
IOSP
IOSP
NVRI
NVRI
Q1 26
Q4 25
$1.6B
Q3 25
Q2 25
Q1 25
Q4 24
$1.4B
Q3 24
Q2 24
Stockholders' Equity
IOSP
IOSP
NVRI
NVRI
Q1 26
$1.4B
Q4 25
$1.3B
$255.1M
Q3 25
$1.3B
$361.1M
Q2 25
$1.3B
$376.3M
Q1 25
$1.3B
$409.0M
Q4 24
$1.2B
$391.5M
Q3 24
$1.2B
$484.0M
Q2 24
$1.2B
$485.7M
Total Assets
IOSP
IOSP
NVRI
NVRI
Q1 26
$1.8B
Q4 25
$1.8B
$2.7B
Q3 25
$1.8B
$2.8B
Q2 25
$1.8B
$2.8B
Q1 25
$1.8B
$2.7B
Q4 24
$1.7B
$2.6B
Q3 24
$1.8B
$2.8B
Q2 24
$1.7B
$2.8B
Debt / Equity
IOSP
IOSP
NVRI
NVRI
Q1 26
Q4 25
6.10×
Q3 25
Q2 25
Q1 25
Q4 24
3.66×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
IOSP
IOSP
NVRI
NVRI
Operating Cash FlowLast quarter
$17.6M
$38.4M
Free Cash FlowOCF − Capex
$-10.5M
FCF MarginFCF / Revenue
-1.9%
Capex IntensityCapex / Revenue
2.0%
8.8%
Cash ConversionOCF / Net Profit
0.57×
TTM Free Cash FlowTrailing 4 quarters
$-39.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOSP
IOSP
NVRI
NVRI
Q1 26
$17.6M
Q4 25
$61.4M
$38.4M
Q3 25
$39.3M
$34.4M
Q2 25
$9.3M
$22.0M
Q1 25
$28.3M
$6.6M
Q4 24
$25.7M
$36.3M
Q3 24
$73.5M
$1.4M
Q2 24
$4.7M
$39.0M
Free Cash Flow
IOSP
IOSP
NVRI
NVRI
Q1 26
Q4 25
$46.8M
$-10.5M
Q3 25
$25.0M
$2.7M
Q2 25
$-3.7M
$-17.1M
Q1 25
$19.9M
$-15.0M
Q4 24
$13.6M
$1.8M
Q3 24
$65.8M
$-40.2M
Q2 24
$-6.2M
$5.4M
FCF Margin
IOSP
IOSP
NVRI
NVRI
Q1 26
Q4 25
10.3%
-1.9%
Q3 25
5.7%
0.5%
Q2 25
-0.8%
-3.0%
Q1 25
4.5%
-2.7%
Q4 24
2.9%
0.3%
Q3 24
14.8%
-7.0%
Q2 24
-1.4%
0.9%
Capex Intensity
IOSP
IOSP
NVRI
NVRI
Q1 26
2.0%
Q4 25
3.2%
8.8%
Q3 25
3.2%
5.5%
Q2 25
3.0%
6.9%
Q1 25
1.9%
3.9%
Q4 24
2.6%
6.2%
Q3 24
1.7%
7.2%
Q2 24
2.5%
5.5%
Cash Conversion
IOSP
IOSP
NVRI
NVRI
Q1 26
0.57×
Q4 25
1.30×
Q3 25
3.05×
Q2 25
0.40×
Q1 25
0.86×
Q4 24
Q3 24
2.20×
Q2 24
0.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IOSP
IOSP

Segment breakdown not available.

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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