Enovix vs Flux Power Holdings
Flux Power Holdings is the larger business, with $42.1m of revenue in fiscal 2026 against $31.8m for Enovix (1.3 times as much). Enovix grew faster (37.9% against -36.6%). Flux Power Holdings kept more of each dollar of sales as profit: a net margin of -17.7% against -492.6%.
| Latest fiscal year | EnovixENVX, 2025 | Flux Power HoldingsFLUX, 2026 |
|---|---|---|
| Revenue | $31.8m | $42.1m |
| Revenue growth | 37.9% | -36.6% |
| Net income | −$157m | −$7.4m |
| Operating margin | — | — |
| Net margin | -492.6% | -17.7% |
| Return on equity | -60.5% | — |
| Free cash flow | −$114m | −$6.4m |
| Cash | $106m | $300,000 |
| Total debt | $533m | $6.3m |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $58.4m | — |
| Employees | 664 | 101 |
| Market value | $646m | $9.7m |
| Price vs our value range | — | — |
| Moat score | 12 (Weak) | 19 (Weak) |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 3 sales |