Beyond Meat Inc vs Enovix Corporation — how do they compare? Beyond Meat Inc trades at $0.42 (market cap $215.41M), while Enovix Corporation trades at $4.89 (market cap $1.06B). The key difference: Enovix Corporation is far larger — about 4.9× Beyond Meat Inc's market cap, and Enovix Corporation is trading nearer its 52-week high, Beyond Meat Inc nearer its low. Which is the better fit depends on your goals.
| BYND | ENVX | |
|---|---|---|
Market Cap | $215.41M | $1.06B |
Sector | Consumer Staples | Technology |
52-Week High | $3.62 | $13.19 |
52-Week Low | $0.42 | $3.68 |
Enterprise Value | $455.69M | $1.07B |
Trailing returns across standard periods
Beyond Meat is a provider of plant-based meats, such as burgers, sausage, ground beef, and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat, is targeted to omnivores and vegetarians alike, and is sold in the meat case. The products are widely available across the U.S. and Canada and in 83 additional countries as well. International revenue represented 31% of 2021 sales. The firm's products are available in retail stores and the food-service channel. In 2019, before the pandemic struck, sales were evenly split between these two channels, although mix stood at 70% retail/30% food service in 2021. We think the recovery from the crisis and new deals with McDonald's and Yum Brands will return food-service sales to nearly 50% in time.
Read more on BYND →Enovix designs and manufactures advanced silicon-anode lithium-ion batteries. Its technology aims to provide high energy density and improved performance for mobile devices and consumer electronics.
Read more on ENVX →