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

ENVIRI Corp is the larger business by last-quarter revenue ($555.0M vs $406.7M, roughly 1.4× ZIFF DAVIS, INC.). ZIFF DAVIS, INC. runs the higher net margin — 0.1% vs -15.2%, a 15.3% gap on every dollar of revenue. On growth, ENVIRI Corp posted the faster year-over-year revenue change (-0.8% vs -1.5%). ZIFF DAVIS, INC. produced more free cash flow last quarter ($157.8M vs $-10.5M). Over the past eight quarters, ZIFF DAVIS, INC.'s revenue compounded faster (13.7% 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.

Ziff Davis, Inc. is an American digital media and Internet company. Founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related services, Internet connectivity services, gaming and entertainment brands, and cybersecurity and martech tools. Previously, the company was predominantly a publisher of hobbyist magazines.

NVRI vs ZD — Head-to-Head

Bigger by revenue
NVRI
NVRI
1.4× larger
NVRI
$555.0M
$406.7M
ZD
Growing faster (revenue YoY)
NVRI
NVRI
+0.7% gap
NVRI
-0.8%
-1.5%
ZD
Higher net margin
ZD
ZD
15.3% more per $
ZD
0.1%
-15.2%
NVRI
More free cash flow
ZD
ZD
$168.2M more FCF
ZD
$157.8M
$-10.5M
NVRI
Faster 2-yr revenue CAGR
ZD
ZD
Annualised
ZD
13.7%
-3.8%
NVRI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVRI
NVRI
ZD
ZD
Revenue
$555.0M
$406.7M
Net Profit
$-84.3M
$370.0K
Gross Margin
85.9%
Operating Margin
-6.4%
21.2%
Net Margin
-15.2%
0.1%
Revenue YoY
-0.8%
-1.5%
Net Profit YoY
0.7%
-99.4%
EPS (diluted)
$-1.04
$0.06

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
ZD
ZD
Q4 25
$555.0M
$406.7M
Q3 25
$574.8M
$363.7M
Q2 25
$562.3M
$352.2M
Q1 25
$548.3M
$328.6M
Q4 24
$559.2M
$412.8M
Q3 24
$573.6M
$353.6M
Q2 24
$610.0M
$320.8M
Q1 24
$600.3M
$314.5M
Net Profit
NVRI
NVRI
ZD
ZD
Q4 25
$-84.3M
$370.0K
Q3 25
$-22.3M
$-3.6M
Q2 25
$-47.6M
$26.3M
Q1 25
$-13.4M
$24.2M
Q4 24
$-84.9M
$64.1M
Q3 24
$-13.2M
$-48.6M
Q2 24
$-13.6M
$36.9M
Q1 24
$-18.0M
$10.6M
Gross Margin
NVRI
NVRI
ZD
ZD
Q4 25
85.9%
Q3 25
85.4%
Q2 25
86.1%
Q1 25
85.6%
Q4 24
87.1%
Q3 24
85.5%
Q2 24
84.4%
Q1 24
85.4%
Operating Margin
NVRI
NVRI
ZD
ZD
Q4 25
-6.4%
21.2%
Q3 25
2.9%
7.8%
Q2 25
-1.3%
9.5%
Q1 25
5.6%
10.7%
Q4 24
-11.4%
19.0%
Q3 24
6.5%
-8.3%
Q2 24
5.1%
8.9%
Q1 24
4.3%
11.4%
Net Margin
NVRI
NVRI
ZD
ZD
Q4 25
-15.2%
0.1%
Q3 25
-3.9%
-1.0%
Q2 25
-8.5%
7.5%
Q1 25
-2.4%
7.4%
Q4 24
-15.2%
15.5%
Q3 24
-2.3%
-13.7%
Q2 24
-2.2%
11.5%
Q1 24
-3.0%
3.4%
EPS (diluted)
NVRI
NVRI
ZD
ZD
Q4 25
$-1.04
$0.06
Q3 25
$-0.28
$-0.09
Q2 25
$-0.59
$0.62
Q1 25
$-0.17
$0.56
Q4 24
$-1.07
$1.53
Q3 24
$-0.16
$-1.11
Q2 24
$-0.17
$0.77
Q1 24
$-0.22
$0.23

Balance Sheet & Financial Strength

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

Metric
NVRI
NVRI
ZD
ZD
Cash + ST InvestmentsLiquidity on hand
$103.7M
$607.0M
Total DebtLower is stronger
$1.6B
$866.5M
Stockholders' EquityBook value
$255.1M
$1.8B
Total Assets
$2.7B
$3.7B
Debt / EquityLower = less leverage
6.10×
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVRI
NVRI
ZD
ZD
Q4 25
$103.7M
$607.0M
Q3 25
$115.4M
$503.4M
Q2 25
$97.8M
$457.3M
Q1 25
$102.5M
$431.0M
Q4 24
$88.4M
$505.9M
Q3 24
$110.2M
$386.1M
Q2 24
$104.0M
$687.2M
Q1 24
$103.9M
$751.2M
Total Debt
NVRI
NVRI
ZD
ZD
Q4 25
$1.6B
$866.5M
Q3 25
Q2 25
Q1 25
Q4 24
$1.4B
$864.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NVRI
NVRI
ZD
ZD
Q4 25
$255.1M
$1.8B
Q3 25
$361.1M
$1.8B
Q2 25
$376.3M
$1.8B
Q1 25
$409.0M
$1.8B
Q4 24
$391.5M
$1.8B
Q3 24
$484.0M
$1.8B
Q2 24
$485.7M
$1.9B
Q1 24
$500.9M
$1.9B
Total Assets
NVRI
NVRI
ZD
ZD
Q4 25
$2.7B
$3.7B
Q3 25
$2.8B
$3.5B
Q2 25
$2.8B
$3.5B
Q1 25
$2.7B
$3.5B
Q4 24
$2.6B
$3.7B
Q3 24
$2.8B
$3.4B
Q2 24
$2.8B
$3.7B
Q1 24
$2.8B
$3.7B
Debt / Equity
NVRI
NVRI
ZD
ZD
Q4 25
6.10×
0.49×
Q3 25
Q2 25
Q1 25
Q4 24
3.66×
0.48×
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
ZD
ZD
Operating Cash FlowLast quarter
$38.4M
$191.1M
Free Cash FlowOCF − Capex
$-10.5M
$157.8M
FCF MarginFCF / Revenue
-1.9%
38.8%
Capex IntensityCapex / Revenue
8.8%
8.2%
Cash ConversionOCF / Net Profit
516.44×
TTM Free Cash FlowTrailing 4 quarters
$-39.9M
$287.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVRI
NVRI
ZD
ZD
Q4 25
$38.4M
$191.1M
Q3 25
$34.4M
$138.3M
Q2 25
$22.0M
$57.1M
Q1 25
$6.6M
$20.6M
Q4 24
$36.3M
$158.2M
Q3 24
$1.4M
$106.0M
Q2 24
$39.0M
$50.6M
Q1 24
$1.3M
$75.6M
Free Cash Flow
NVRI
NVRI
ZD
ZD
Q4 25
$-10.5M
$157.8M
Q3 25
$2.7M
$108.2M
Q2 25
$-17.1M
$26.9M
Q1 25
$-15.0M
$-5.0M
Q4 24
$1.8M
$131.1M
Q3 24
$-40.2M
$80.1M
Q2 24
$5.4M
$25.1M
Q1 24
$-25.5M
$47.4M
FCF Margin
NVRI
NVRI
ZD
ZD
Q4 25
-1.9%
38.8%
Q3 25
0.5%
29.7%
Q2 25
-3.0%
7.6%
Q1 25
-2.7%
-1.5%
Q4 24
0.3%
31.8%
Q3 24
-7.0%
22.7%
Q2 24
0.9%
7.8%
Q1 24
-4.3%
15.1%
Capex Intensity
NVRI
NVRI
ZD
ZD
Q4 25
8.8%
8.2%
Q3 25
5.5%
8.3%
Q2 25
6.9%
8.6%
Q1 25
3.9%
7.8%
Q4 24
6.2%
6.6%
Q3 24
7.2%
7.3%
Q2 24
5.5%
8.0%
Q1 24
4.5%
8.9%
Cash Conversion
NVRI
NVRI
ZD
ZD
Q4 25
516.44×
Q3 25
Q2 25
2.17×
Q1 25
0.85×
Q4 24
2.47×
Q3 24
Q2 24
1.37×
Q1 24
7.11×

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%

ZD
ZD

Health And Wellness$114.8M28%
Technology And Shopping$108.9M27%
Cybersecurity And Martech Segment$70.9M17%
Connectivity$60.3M15%
Gaming And Entertainment$51.7M13%
Subscription And Licensing$2.9M1%

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