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

Teradyne is the larger business by last-quarter revenue ($1.1B vs $555.0M, roughly 2.0× ENVIRI Corp). Teradyne runs the higher net margin — 23.7% vs -15.2%, a 38.9% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (43.9% vs -0.8%). Teradyne produced more free cash flow last quarter ($218.8M vs $-10.5M). Over the past eight quarters, Teradyne's revenue compounded faster (34.4% CAGR vs -3.8%).

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.

Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.

NVRI vs TER — Head-to-Head

Bigger by revenue
TER
TER
2.0× larger
TER
$1.1B
$555.0M
NVRI
Growing faster (revenue YoY)
TER
TER
+44.6% gap
TER
43.9%
-0.8%
NVRI
Higher net margin
TER
TER
38.9% more per $
TER
23.7%
-15.2%
NVRI
More free cash flow
TER
TER
$229.2M more FCF
TER
$218.8M
$-10.5M
NVRI
Faster 2-yr revenue CAGR
TER
TER
Annualised
TER
34.4%
-3.8%
NVRI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVRI
NVRI
TER
TER
Revenue
$555.0M
$1.1B
Net Profit
$-84.3M
$257.2M
Gross Margin
57.2%
Operating Margin
-6.4%
27.1%
Net Margin
-15.2%
23.7%
Revenue YoY
-0.8%
43.9%
Net Profit YoY
0.7%
75.9%
EPS (diluted)
$-1.04
$1.62

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
NVRI
NVRI
TER
TER
Q4 25
$555.0M
$1.1B
Q3 25
$574.8M
$769.2M
Q2 25
$562.3M
$651.8M
Q1 25
$548.3M
$685.7M
Q4 24
$559.2M
$752.9M
Q3 24
$573.6M
$737.3M
Q2 24
$610.0M
$729.9M
Q1 24
$600.3M
$599.8M
Net Profit
NVRI
NVRI
TER
TER
Q4 25
$-84.3M
$257.2M
Q3 25
$-22.3M
$119.6M
Q2 25
$-47.6M
$78.4M
Q1 25
$-13.4M
$98.9M
Q4 24
$-84.9M
$146.3M
Q3 24
$-13.2M
$145.6M
Q2 24
$-13.6M
$186.3M
Q1 24
$-18.0M
$64.2M
Gross Margin
NVRI
NVRI
TER
TER
Q4 25
57.2%
Q3 25
58.4%
Q2 25
57.2%
Q1 25
60.6%
Q4 24
59.4%
Q3 24
59.2%
Q2 24
58.3%
Q1 24
56.6%
Operating Margin
NVRI
NVRI
TER
TER
Q4 25
-6.4%
27.1%
Q3 25
2.9%
18.9%
Q2 25
-1.3%
13.9%
Q1 25
5.6%
17.6%
Q4 24
-11.4%
20.4%
Q3 24
6.5%
20.6%
Q2 24
5.1%
28.8%
Q1 24
4.3%
13.0%
Net Margin
NVRI
NVRI
TER
TER
Q4 25
-15.2%
23.7%
Q3 25
-3.9%
15.5%
Q2 25
-8.5%
12.0%
Q1 25
-2.4%
14.4%
Q4 24
-15.2%
19.4%
Q3 24
-2.3%
19.8%
Q2 24
-2.2%
25.5%
Q1 24
-3.0%
10.7%
EPS (diluted)
NVRI
NVRI
TER
TER
Q4 25
$-1.04
$1.62
Q3 25
$-0.28
$0.75
Q2 25
$-0.59
$0.49
Q1 25
$-0.17
$0.61
Q4 24
$-1.07
$0.89
Q3 24
$-0.16
$0.89
Q2 24
$-0.17
$1.14
Q1 24
$-0.22
$0.40

Balance Sheet & Financial Strength

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

Metric
NVRI
NVRI
TER
TER
Cash + ST InvestmentsLiquidity on hand
$103.7M
$293.8M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$255.1M
$2.8B
Total Assets
$2.7B
$4.2B
Debt / EquityLower = less leverage
6.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVRI
NVRI
TER
TER
Q4 25
$103.7M
$293.8M
Q3 25
$115.4M
$272.7M
Q2 25
$97.8M
$339.3M
Q1 25
$102.5M
$475.6M
Q4 24
$88.4M
$553.4M
Q3 24
$110.2M
$510.0M
Q2 24
$104.0M
$421.9M
Q1 24
$103.9M
$707.4M
Total Debt
NVRI
NVRI
TER
TER
Q4 25
$1.6B
Q3 25
Q2 25
Q1 25
Q4 24
$1.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NVRI
NVRI
TER
TER
Q4 25
$255.1M
$2.8B
Q3 25
$361.1M
$2.7B
Q2 25
$376.3M
$2.8B
Q1 25
$409.0M
$2.8B
Q4 24
$391.5M
$2.8B
Q3 24
$484.0M
$2.9B
Q2 24
$485.7M
$2.7B
Q1 24
$500.9M
$2.6B
Total Assets
NVRI
NVRI
TER
TER
Q4 25
$2.7B
$4.2B
Q3 25
$2.8B
$4.0B
Q2 25
$2.8B
$3.8B
Q1 25
$2.7B
$3.7B
Q4 24
$2.6B
$3.7B
Q3 24
$2.8B
$3.8B
Q2 24
$2.8B
$3.6B
Q1 24
$2.8B
$3.4B
Debt / Equity
NVRI
NVRI
TER
TER
Q4 25
6.10×
Q3 25
Q2 25
Q1 25
Q4 24
3.66×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
NVRI
NVRI
TER
TER
Operating Cash FlowLast quarter
$38.4M
$281.6M
Free Cash FlowOCF − Capex
$-10.5M
$218.8M
FCF MarginFCF / Revenue
-1.9%
20.2%
Capex IntensityCapex / Revenue
8.8%
5.8%
Cash ConversionOCF / Net Profit
1.09×
TTM Free Cash FlowTrailing 4 quarters
$-39.9M
$450.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVRI
NVRI
TER
TER
Q4 25
$38.4M
$281.6M
Q3 25
$34.4M
$49.0M
Q2 25
$22.0M
$182.1M
Q1 25
$6.6M
$161.6M
Q4 24
$36.3M
$282.6M
Q3 24
$1.4M
$166.3M
Q2 24
$39.0M
$216.1M
Q1 24
$1.3M
$7.3M
Free Cash Flow
NVRI
NVRI
TER
TER
Q4 25
$-10.5M
$218.8M
Q3 25
$2.7M
$2.4M
Q2 25
$-17.1M
$131.7M
Q1 25
$-15.0M
$97.6M
Q4 24
$1.8M
$225.2M
Q3 24
$-40.2M
$114.4M
Q2 24
$5.4M
$171.2M
Q1 24
$-25.5M
$-36.7M
FCF Margin
NVRI
NVRI
TER
TER
Q4 25
-1.9%
20.2%
Q3 25
0.5%
0.3%
Q2 25
-3.0%
20.2%
Q1 25
-2.7%
14.2%
Q4 24
0.3%
29.9%
Q3 24
-7.0%
15.5%
Q2 24
0.9%
23.5%
Q1 24
-4.3%
-6.1%
Capex Intensity
NVRI
NVRI
TER
TER
Q4 25
8.8%
5.8%
Q3 25
5.5%
6.1%
Q2 25
6.9%
7.7%
Q1 25
3.9%
9.3%
Q4 24
6.2%
7.6%
Q3 24
7.2%
7.0%
Q2 24
5.5%
6.1%
Q1 24
4.5%
7.3%
Cash Conversion
NVRI
NVRI
TER
TER
Q4 25
1.09×
Q3 25
0.41×
Q2 25
2.32×
Q1 25
1.63×
Q4 24
1.93×
Q3 24
1.14×
Q2 24
1.16×
Q1 24
0.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

TER
TER

Soc$646.5M60%
Memory$206.5M19%
Transferred At Point In Time$90.0M8%
Universal Robots$89.4M8%
IST$30.5M3%
Transferred Over Time$20.5M2%

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