Enovix Corporation
$745.90M- Market cap
- $728.57M
- Debt
- +$529.37M
- Cash
- −$512.04M
Capital structure 58% equity / 42% debt · EV / Revenue 23.44x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: ENVX stock price at discount vs PANW $3.32 current versus $4.27 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at PANW's multiple
Implied fair value · at ENVX's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ENVX FY 2025 (ended Dec 28, 2025) · PANW FY 2025 (ended Jul 31, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 58% equity / 42% debt · EV / Revenue 23.44x
Capital structure 100% equity / -0% debt · EV / Revenue 29.10x · EV / EBITDA 139.55x
PANW carries the larger enterprise value at $268.34B against $745.90M; ENVX trades on the lower EV / Revenue multiple (23.44x vs 29.10x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Enovix Corporation · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
PALO ALTO NETWORKS, INC · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.95x
-0.05x
Net debt / EBITDA
Leverage against operating earnings
-0.15x
-1.70x
Cash and equivalents
Liquid reserves on the balance sheet
$512.04M
$2.90B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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