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)
“In 2025, 2024, and 2023, CE had one customer that provided in excess of 10% of its revenue.”
2 customers — 10% of revenue (2025)
“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)
“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.”
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 11, 2026TL;DR. Enviri reported a Q2 GAAP loss from continuing operations of $297 million driven by a $207 million charge from exiting two legacy European Rail ETO contracts, while Adjusted EBITDA rose to $34 million from $27 million on Harsco Environmental strength, and 2026 Adjusted EBITDA guidance for both segments was reaffirmed with leverage at 1.9x.
- + Harsco Environmental Adjusted EBITDA jumped to $46M from $40M with margin expanding to 17.2% from 15.5%.
- + Strategic exit of two legacy European Rail ETO contracts eliminates future execution risk and cash outflow volatility.
- + Net leverage ratio at 1.9x under new capital structure post Clean Earth spin.
- + Company reaffirmed 2026 Adjusted EBITDA outlook for both Harsco Environmental and Harsco Rail.
- − Q2 GAAP loss from continuing operations of $297M and diluted loss per share of $10.70 driven by Rail contract exit charges.
- − Q2 operating cash usage of $297M, a swing from $22M provided last year.
- − Harsco Rail 2026 Adjusted EBITDA guided to a loss of $(26)M to $(19)M, below prior year.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted diluted earnings (loss) per share from continuing operations non-GAAP | -$1.41 | Six Months Ended June 30, 2026 | — |
| Adjusted EBITDA non-GAAP | $34M | Q2 2026 | — |
| Adjusted EBITDA margin non-GAAP | 9.6% | Six Months Ended June 30, 2026 | — |
| Adjusted revenues non-GAAP | $324M | Q2 2026 | — |
| Harsco Environmental Adjusted EBITDA non-GAAP | $46M | Q2 2026 | — |
| Harsco Environmental Adjusted EBITDA margin non-GAAP | 17.2% | Q2 2026 | — |
| Harsco Rail Adjusted EBITDA margin non-GAAP | -8% | Q2 2026 | — |
| Harsco Rail adjusted revenues non-GAAP | $58M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Waste Management — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NVRI
this stock
Enviri Corp
|
$539.84M | +11.3% | -4.4% | — | 11.7% |
|
WM
Waste Management Inc
|
$82.67B | -5.4% | +6.4% | 29.3 | 1.4% |
|
RSG
Republic Services, Inc.
|
$64.95B | +1.3% | +3.3% | 30.0 | 1.6% |
|
WCN
Waste Connections, Inc.
|
$39.21B | -11.8% | +6.1% | 37.5 | 1.4% |
|
CLH
Clean Harbors Inc
|
$16.41B | +35.6% | +6.9% | 42.1 | 2.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NVRI | +2.3% | -14.5% | +2.0% | +2.1% | +11.3% |
| SPY | +2.0% | +1.7% | +11.3% | +2.2% | +14.3% |
| vs SPY | +0.3% | -16.2% | -9.3% | -0.1% | -3.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.