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

Talen Energy Corp is the larger business by last-quarter revenue ($758.0M vs $555.0M, roughly 1.4× ENVIRI Corp). ENVIRI Corp runs the higher net margin — -15.2% vs -47.9%, a 32.7% gap on every dollar of revenue. On growth, Talen Energy Corp posted the faster year-over-year revenue change (114.7% vs -0.8%). Talen Energy Corp produced more free cash flow last quarter ($254.0M vs $-10.5M). Over the past eight quarters, Talen Energy Corp's revenue compounded faster (35.0% 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.

PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange as NYSE: PPL and is part of the S&P 500. As of 2022, the company had $7.9 billion in revenue, 6,500 employees, over $37 billion in assets, and serves 3.6 million customers.

NVRI vs TLN — Head-to-Head

Bigger by revenue
TLN
TLN
1.4× larger
TLN
$758.0M
$555.0M
NVRI
Growing faster (revenue YoY)
TLN
TLN
+115.5% gap
TLN
114.7%
-0.8%
NVRI
Higher net margin
NVRI
NVRI
32.7% more per $
NVRI
-15.2%
-47.9%
TLN
More free cash flow
TLN
TLN
$264.5M more FCF
TLN
$254.0M
$-10.5M
NVRI
Faster 2-yr revenue CAGR
TLN
TLN
Annualised
TLN
35.0%
-3.8%
NVRI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVRI
NVRI
TLN
TLN
Revenue
$555.0M
$758.0M
Net Profit
$-84.3M
$-363.0M
Gross Margin
Operating Margin
-6.4%
-41.3%
Net Margin
-15.2%
-47.9%
Revenue YoY
-0.8%
114.7%
Net Profit YoY
0.7%
-542.7%
EPS (diluted)
$-1.04
$-7.60

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
TLN
TLN
Q4 25
$555.0M
$758.0M
Q3 25
$574.8M
$697.0M
Q2 25
$562.3M
$409.0M
Q1 25
$548.3M
$654.0M
Q4 24
$559.2M
$353.0M
Q3 24
$573.6M
$459.0M
Q2 24
$610.0M
$346.0M
Q1 24
$600.3M
$416.0M
Net Profit
NVRI
NVRI
TLN
TLN
Q4 25
$-84.3M
$-363.0M
Q3 25
$-22.3M
$207.0M
Q2 25
$-47.6M
$72.0M
Q1 25
$-13.4M
$-135.0M
Q4 24
$-84.9M
$82.0M
Q3 24
$-13.2M
$168.0M
Q2 24
$-13.6M
$454.0M
Q1 24
$-18.0M
$294.0M
Operating Margin
NVRI
NVRI
TLN
TLN
Q4 25
-6.4%
-41.3%
Q3 25
2.9%
37.7%
Q2 25
-1.3%
16.1%
Q1 25
5.6%
-16.2%
Q4 24
-11.4%
4.5%
Q3 24
6.5%
34.4%
Q2 24
5.1%
7.8%
Q1 24
4.3%
6.0%
Net Margin
NVRI
NVRI
TLN
TLN
Q4 25
-15.2%
-47.9%
Q3 25
-3.9%
29.7%
Q2 25
-8.5%
17.6%
Q1 25
-2.4%
-20.6%
Q4 24
-15.2%
23.2%
Q3 24
-2.3%
36.6%
Q2 24
-2.2%
131.2%
Q1 24
-3.0%
70.7%
EPS (diluted)
NVRI
NVRI
TLN
TLN
Q4 25
$-1.04
$-7.60
Q3 25
$-0.28
$4.25
Q2 25
$-0.59
$1.50
Q1 25
$-0.17
$-2.94
Q4 24
$-1.07
$2.07
Q3 24
$-0.16
$3.16
Q2 24
$-0.17
$7.60
Q1 24
$-0.22
$4.84

Balance Sheet & Financial Strength

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

Metric
NVRI
NVRI
TLN
TLN
Cash + ST InvestmentsLiquidity on hand
$103.7M
$689.0M
Total DebtLower is stronger
$1.6B
$6.8B
Stockholders' EquityBook value
$255.1M
$1.1B
Total Assets
$2.7B
$10.9B
Debt / EquityLower = less leverage
6.10×
6.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVRI
NVRI
TLN
TLN
Q4 25
$103.7M
$689.0M
Q3 25
$115.4M
$497.0M
Q2 25
$97.8M
$122.0M
Q1 25
$102.5M
$295.0M
Q4 24
$88.4M
$328.0M
Q3 24
$110.2M
$648.0M
Q2 24
$104.0M
$632.0M
Q1 24
$103.9M
Total Debt
NVRI
NVRI
TLN
TLN
Q4 25
$1.6B
$6.8B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$1.4B
$3.0B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
Stockholders' Equity
NVRI
NVRI
TLN
TLN
Q4 25
$255.1M
$1.1B
Q3 25
$361.1M
$1.5B
Q2 25
$376.3M
$1.2B
Q1 25
$409.0M
$1.2B
Q4 24
$391.5M
$1.4B
Q3 24
$484.0M
$2.4B
Q2 24
$485.7M
$2.5B
Q1 24
$500.9M
$2.8B
Total Assets
NVRI
NVRI
TLN
TLN
Q4 25
$2.7B
$10.9B
Q3 25
$2.8B
$6.1B
Q2 25
$2.8B
$5.8B
Q1 25
$2.7B
$5.9B
Q4 24
$2.6B
$6.1B
Q3 24
$2.8B
$6.8B
Q2 24
$2.8B
$7.1B
Q1 24
$2.8B
Debt / Equity
NVRI
NVRI
TLN
TLN
Q4 25
6.10×
6.23×
Q3 25
2.03×
Q2 25
2.40×
Q1 25
2.54×
Q4 24
3.66×
2.17×
Q3 24
1.10×
Q2 24
1.05×
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
TLN
TLN
Operating Cash FlowLast quarter
$38.4M
$280.0M
Free Cash FlowOCF − Capex
$-10.5M
$254.0M
FCF MarginFCF / Revenue
-1.9%
33.5%
Capex IntensityCapex / Revenue
8.8%
3.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-39.9M
$606.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVRI
NVRI
TLN
TLN
Q4 25
$38.4M
$280.0M
Q3 25
$34.4M
$489.0M
Q2 25
$22.0M
$-184.0M
Q1 25
$6.6M
$119.0M
Q4 24
$36.3M
Q3 24
$1.4M
$96.0M
Q2 24
$39.0M
$-23.0M
Q1 24
$1.3M
$173.0M
Free Cash Flow
NVRI
NVRI
TLN
TLN
Q4 25
$-10.5M
$254.0M
Q3 25
$2.7M
$468.0M
Q2 25
$-17.1M
$-217.0M
Q1 25
$-15.0M
$101.0M
Q4 24
$1.8M
Q3 24
$-40.2M
$83.0M
Q2 24
$5.4M
$-43.0M
Q1 24
$-25.5M
$148.0M
FCF Margin
NVRI
NVRI
TLN
TLN
Q4 25
-1.9%
33.5%
Q3 25
0.5%
67.1%
Q2 25
-3.0%
-53.1%
Q1 25
-2.7%
15.4%
Q4 24
0.3%
Q3 24
-7.0%
18.1%
Q2 24
0.9%
-12.4%
Q1 24
-4.3%
35.6%
Capex Intensity
NVRI
NVRI
TLN
TLN
Q4 25
8.8%
3.4%
Q3 25
5.5%
3.0%
Q2 25
6.9%
8.1%
Q1 25
3.9%
2.8%
Q4 24
6.2%
Q3 24
7.2%
2.8%
Q2 24
5.5%
5.8%
Q1 24
4.5%
6.0%
Cash Conversion
NVRI
NVRI
TLN
TLN
Q4 25
Q3 25
2.36×
Q2 25
-2.56×
Q1 25
Q4 24
Q3 24
0.57×
Q2 24
-0.05×
Q1 24
0.59×

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%

TLN
TLN

Electricity Sales And Ancillary Services$555.0M73%
Operating Revenue Capacity$182.0M24%
Physical Electricity Sales Bilateral Contracts Other$21.0M3%

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