NVRI · Enviri Corp
5 customers — 54% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company's top five customers in Rail accounted for approximately 54% of revenues in that Segment and 6% of the Company's consolidated revenues.”
5 customers — 37% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company's top five customers in HE accounted for approximately 37% of revenues in that Segment and 17% of the Company's consolidated revenues.”
5 customers — 27% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company's top five customers in CE accounted for approximately 27% of the revenues in that Segment and 12% of the Company's consolidated revenues.”
5 customers — 17% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company's top five customers in HE accounted for approximately 37% of revenues in that Segment and 17% of the Company's consolidated revenues.”
5 customers — 12% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company's top five customers in CE accounted for approximately 27% of the revenues in that Segment and 12% of the Company's consolidated revenues.”
One customer — 10% of revenue (2025, 2024, and 2023)
“In 2025, 2024, and 2023, CE had one customer that provided in excess of 10% of its revenue.”
2 customers — 10% of revenue (2025 and 2024)
“In 2025 and 2024, Rail had two customers that provided more than 10% of the segment total revenues and, in 2023, Rail had one customer that provided more than 10% of the segment total revenues.”
One customer — 10% of revenue (2025, 2024 and 2023)
“In 2025, 2024 and 2023, HE had one customer that provided in excess of 10% of its revenues under multiple long-term contracts at several mill sites.”
5 customers — 6% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company's top five customers in Rail accounted for approximately 54% of revenues in that Segment and 6% of the Company's consolidated revenues.”
One customer — 10% of revenue (each of the past three years)
“HE had one customer in each of the past three years that provided more than 10% of this segment's revenues, again under many long-term contracts at multiple sites.”
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.11B | $2.24B | $2.34B | $2.37B | $2.13B | $1.85B | $1.53B | $1.2B | $1.35B | $1.31B | $1.45B | $1.72B | $2.07B | $2.9B | $3.05B | $3.3B | $3.04B | $2.99B | $3.97B | |
| — | — | — | $1.63B | $1.55B | $1.49B | $1.24B | — | — | $453.64M | $411.34M | $446.37M | $494.51M | $467.82M | $487.78M | $407.68M | $342.24M | $354.73M | $441.45M | |
| — | — | — | $732.53M | $580.65M | $357.84M | $291.74M | — | — | $853.83M | $1.04B | $1.28B | $1.57B | $2.43B | $2.56B | $2.9B | $2.7B | $2.64B | $3.53B | |
| — | — | — | 30.96% | 27.21% | 19.36% | 19.02% | — | — | 65.3% | 71.66% | 74.1% | 76.07% | 83.85% | 83.99% | 87.66% | 88.74% | 88.14% | 88.87% | |
| $2.93M | $3.05M | $3.96M | $3.46M | $2.86M | $956K | $534K | $886K | $3.93M | $2.74M | $4.28M | $4.51M | $5.47M | $10.17M | $9.14M | $6.04M | $4.27M | $3.15M | $5.3M | |
| $379.64M | $382.01M | $359.39M | $353.99M | $304.87M | $272.23M | $284.44M | $205.18M | $202.71M | $194.91M | $196.87M | $242.11M | $284.74M | $482.12M | $503.34M | $535.68M | $532.62M | $509.07M | $602.17M | |
| — | $26.6M | $27.3M | $28.9M | $31.4M | $32.2M | $30.6M | $15.2M | $5.9M | $3.3M | $7.9M | $8.8M | $9.9M | $13.8M | $17.6M | $31.5M | $33M | — | — | |
| $140.15M | — | — | — | — | — | — | $135.09M | $125.06M | $122.58M | $141.49M | $156.48M | $176.33M | $237.04M | $272.12M | $310.44M | $315.24M | $311.53M | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $43.16M | — | — | |
| $2.35B | $2.24B | $2.31B | $2.28B | $2.23B | $1.76B | $1.54B | $1.13B | $1.22B | $1.2B | $1.39B | $1.63B | $2B | $3.04B | $3.22B | $3.22B | $2.96B | $2.77B | $3.56B | |
| -$237.06M | $4.25M | $30.71M | $87.51M | -$100.9M | $88.38M | -$3.31M | $76.4M | $130.7M | $104.66M | $64.88M | $88.54M | $69.29M | -$142.64M | -$174.79M | $87.65M | $78.43M | $218.66M | $411.99M | |
| — | 0.19% | 1.31% | 3.7% | -4.73% | 4.78% | -0.22% | 6.34% | 9.7% | 8% | 4.47% | 5.14% | 3.35% | -4.93% | -5.74% | 2.65% | 2.58% | 7.31% | 10.38% | |
| $199.61M | — | — | — | — | — | — | $211.5M | $255.75M | $227.23M | $206.37M | $245.01M | $245.61M | $94.4M | $97.33M | $398.09M | $393.67M | $530.19M | — | |
| $111.72M | $110.96M | $112.22M | $107.08M | $76.81M | $63.24M | $58.2M | $34.02M | $21.53M | $26.86M | $51.58M | $46.8M | $47.11M | $49.65M | $47.38M | $48.74M | $60.62M | $62.75M | $73.16M | |
| $2.38M | $2.19M | $6.8M | $6.81M | $3.83M | $2.23M | $2.13M | $1.95M | $2.16M | $2.47M | $2.48M | $1.57M | $1.7M | $2.09M | $3.68M | $2.75M | $2.67M | $2.93M | $3.61M | |
| $156K | $155K | -$10K | -$761K | -$178K | -$302K | $186K | $273K | $384K | $0 | $5.69M | $175K | -$1.56M | $1.55M | $564K | $690K | $390K | $504K | $901K | |
| -$375.65M | -$136.82M | -$103.58M | -$45.85M | -$167.9M | $37.51M | -$54.22M | $31.07M | $113.65M | $75.4M | -$79.47M | $34.82M | $14.14M | -$191.18M | -$218.5M | $41.67M | $20.48M | $158.84M | $342.44M | |
| $38.05M | $22.99M | $16.83M | $34.53M | $4.86M | $9.09M | -$8.67M | $12.73M | $5.5M | $78.19M | $6.64M | $27.68M | $30.37M | $31.98M | $35.25M | $49.85M | $4.28M | $18.51M | $91.82M | |
| -$518.64M | -$167.6M | -$129.65M | -$82.96M | -$180.07M | -$3.25M | -$26.34M | $503.92M | $137.06M | $7.82M | -$85.67M | $6.19M | -$22.17M | -$232.85M | -$254.61M | -$11.51M | $6.75M | $118.78M | $240.95M | |
| — | -7.48% | -5.53% | -3.51% | -8.44% | -0.18% | -1.72% | 41.84% | 10.17% | 0.6% | -5.9% | 0.36% | -1.07% | -8.04% | -8.36% | -0.35% | 0.22% | 3.97% | 6.07% | |
| $4.25M | $3.89M | $5.31M | -$1.98M | $3.64M | $5.98M | $4.37M | $8.3M | $7.96M | $4.02M | $5.91M | $144K | $4.5M | $9.75M | $511K | $1.95M | $5.71M | $7M | $5.89M | |
| -$491.24M | -$144.7M | -$125.04M | -$57.32M | -$187.57M | $82.35M | -$84.46M | $504.83M | $118.05M | $67.96M | -$176.7M | $22.76M | -$183.81M | -$192.3M | -$301.59M | -$189.77M | $22.51M | $125.39M | $32.78M | |
| USD/shares | — | -$2.08 | -$1.62 | -$1.04 | -$2.27 | -$0.04 | -$0.33 | $6.33 | $1.70 | $0.10 | -$1.07 | $0.08 | -$0.27 | -$2.88 | -$3.16 | -$0.14 | $0.08 | $1.48 | $2.88 |
| USD/shares | — | -$2.08G | -$1.62 | -$1.04 | -$2.27 | -$0.04 | -$0.33 | $6.19 | $1.64 | $0.10 | -$1.07 | $0.08 | -$0.27 | -$2.88 | -$3.16 | -$0.14 | $0.08 | $1.47 | $2.87 |
| shares | — | 80.71M | 80.12M | 79.8M | 79.49M | 79.23M | 78.94M | 79.63M | 80.72M | 80.55M | 80.33M | 80.23M | 80.88M | 80.76M | 80.63M | 80.74M | 80.57M | 80.3M | 83.6M |
| shares | — | 80.71M | 80.12M | 79.8M | 79.49M | 80.29M | 78.94M | 81.38M | 83.6M | 80.55M | 80.33M | 80.37M | 80.88M | 80.76M | 80.63M | 80.74M | 80.76M | 80.59M | 84.03M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2021: $209.3M in buybacks, $530M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 8 similar-size Waste Management companies (of 22 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Harsco Environmental Segment | $1,019,411,000 | $1,111,512,000 | $1,141,935,000 | $1,061,239,000 | — | — | — | — |
| Clean Earth | $973,853,000 | $940,337,000 | $927,457,000 | $827,826,000 | — | — | — | — |
| Harsco Rail | $247,094,000 | $291,288,000 | $296,795,000 | $244,916,000 | — | — | — | — |
| Clean Earth | — | — | — | — | $780,316,000 | $619,588,000 | $169,522,000 | $0 |
| Harsco Environmental Segment | — | — | — | — | $1,068,083,000 | $914,445,000 | $1,034,847,000 | $1,068,304,000 |
| Harsco Metals and Minerals | — | — | — | — | — | — | — | $0 |
| Harsco Rail | — | — | — | — | — | $329,831,000 | $299,373,000 | $279,294,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| North America | $1,344,071,000 | $1,406,035,000 | $1,460,924,000 | $1,289,368,000 | $1,061,441,000 | $869,492,000 | $463,889,000 | $507,524,000 |
| Western Europe | $483,488,000 | $510,173,000 | $489,194,000 | $435,220,000 | $442,286,000 | — | — | — |
| Latin America | $151,544,000 | $160,262,000 | $173,765,000 | $156,791,000 | $132,349,000 | $119,457,000 | $146,040,000 | $155,863,000 |
| Asia Pacific | $139,419,000 | $145,411,000 | $135,861,000 | $153,288,000 | $110,790,000 | $87,608,000 | $128,949,000 | $167,850,000 |
| Middle East and Africa | $102,808,000 | $103,957,000 | $86,867,000 | $79,562,000 | $81,337,000 | — | — | — |
| Eastern Europe | $19,028,000 | $17,299,000 | $19,576,000 | $19,752,000 | $20,196,000 | — | — | — |
| United Kingdom | — | — | — | — | $117,529,000 | $116,425,000 | — | — |
| United States | — | — | — | $1,239,345,000 | $1,008,689,000 | $830,699,000 | — | — |
| Eastern Europe | — | — | — | $19,752,000 | $20,196,000 | $16,983,000 | $18,496,000 | $27,576,000 |
| Middle East and Africa | — | — | — | $79,562,000 | $81,337,000 | $63,427,000 | $60,402,000 | $50,003,000 |
| Other Countries | — | — | — | $813,710,000 | $839,710,000 | $703,334,000 | — | — |
| Western Europe | — | — | — | $389,713,000 | $442,286,000 | $377,066,000 | $386,593,000 | $438,856,000 |
| Other Countries | — | — | — | $894,636,000 | $839,710,000 | — | — | — |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Products And Services Onsite Services And Material Logistics Product Quality Improvement And Resource Recovery | $950,829,000 | $974,284,000 | $951,992,000 | $900,426,000 | $920,580,000 | — | — | — |
| Waste Processing and Reuse Solutions | $824,244,000 | $778,894,000 | $766,474,000 | $681,804,000 | $639,233,000 | — | — | — |
| Soil and Dredged Material | $149,609,000 | $161,443,000 | $160,983,000 | $146,022,000 | $141,083,000 | — | — | — |
| After Market Parts And Services Safety And Diagnostic Technology | $101,516,000 | $117,327,000 | $121,039,000 | $118,829,000 | — | — | — | — |
| Railway Track Maintenance Equipment | $83,882,000 | $113,039,000 | $128,155,000 | $100,032,000 | — | — | — | — |
| Railway Contracting Services | $61,696,000 | $60,922,000 | $47,601,000 | $26,055,000 | — | — | — | — |
| Applied Products | $50,816,000 | $113,800,000 | $162,291,000 | $145,911,000 | $132,389,000 | — | — | — |
| Aluminum Dross and Scrap Processing Systems | $17,766,000 | $23,428,000 | $27,652,000 | $14,902,000 | $15,114,000 | — | — | — |
| Aftermarket Partsand Services Safetyand Diagnostic Technology Domain | — | — | — | — | — | — | $132,249,000 | $139,020,000 |
| After Market Parts And Services Safety And Diagnostic Technology | — | — | — | — | — | — | $132,249,000 | $139,020,000 |
| Aluminum Dross and Scrap Processing Systems Domain | — | — | — | — | — | — | $25,276,000 | $15,050,000 |
| Aluminum Dross and Scrap Processing Systems | — | — | — | $14,902,000 | — | $12,953,000 | $18,122,000 | $11,847,000 |
| Applied Products Domain | — | — | — | — | — | — | $127,875,000 | $128,488,000 |
| Applied Products | — | — | — | $145,911,000 | — | $120,432,000 | $127,874,000 | $128,488,000 |
| Products and Services General Corporate | — | — | — | — | — | — | $0 | $74,000 |
| Products And Services Onsite Services And Material Logistics Product Quality Improvement And Resource Recovery | — | — | — | $900,426,000 | — | $781,060,000 | $888,851,000 | $927,969,000 |
| Railway Contracting Services Domain | — | — | — | — | — | — | $21,156,000 | $27,727,000 |
| Railway Contracting Services | — | — | — | — | — | — | $21,156,000 | $27,727,000 |
| Railway Track Maintenance Equipment Domain | — | — | — | — | — | — | $145,968,000 | $112,547,000 |
| Railway Track Maintenance Equipment | — | — | — | — | — | — | $145,968,000 | $112,547,000 |
| Soil and Dredged Material | — | — | — | $146,022,000 | — | $146,957,000 | — | — |
| Waste Processing and Reuse Solutions Domain | — | — | — | — | — | — | $169,522,000 | $0 |
| Waste Processing and Reuse Solutions | — | — | — | $681,804,000 | — | $472,631,000 | $169,522,000 | — |
| Product | — | — | — | $376,398,000 | — | — | $145,996,000 | $389,005,000 |
| Service | — | — | — | $1,757,583,000 | — | — | $1,058,373,000 | $958,667,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Clean Earth | $91,662,000 | $92,648,000 | $76,702,000 | -$81,785,000 | $25,639,000 | — | — | — |
| Harsco Environmental Segment | $42,177,000 | $32,013,000 | $78,666,000 | $59,559,000 | $103,402,000 | — | — | — |
| Harsco Rail | -$57,377,000 | -$59,555,000 | -$24,855,000 | -$43,681,000 | — | — | — | — |
| Clean Earth | — | — | — | -$81,785,000 | $25,639,000 | $16,096,000 | $20,009,000 | $0 |
| Harsco Environmental Segment | — | — | — | $59,559,000 | $103,402,000 | $59,006,000 | $112,298,000 | $121,195,000 |
| Harsco Rail | — | — | — | — | — | $20,219,000 | $23,708,000 | $37,341,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Harsco Environmental Segment | 4.1% | 2.9% | 6.9% | 5.6% | — | — | — | — |
| Clean Earth | 9.4% | 9.9% | 8.3% | -9.9% | — | — | — | — |
| Harsco Rail | -23.2% | -20.4% | -8.4% | -17.8% | — | — | — | — |
| Clean Earth | — | — | — | — | 3.3% | 2.6% | 11.8% | — |
| Harsco Environmental Segment | — | — | — | — | 9.7% | 6.5% | 10.9% | 11.3% |
| Harsco Rail | — | — | — | — | — | 6.1% | 7.9% | 13.4% |