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Stock Comparison

NRGV vs FLNC

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
NRGV
Energy Vault Holdings, Inc.

Renewable Utilities

UtilitiesNYSE • US
Market Cap$870M
5Y Perf.-57.9%
FLNC
Fluence Energy, Inc.

Renewable Utilities

UtilitiesNASDAQ • US
Market Cap$654M
5Y Perf.-61.9%

NRGV vs FLNC — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
NRGV logoNRGV
FLNC logoFLNC
IndustryRenewable UtilitiesRenewable Utilities
Market Cap$870M$654M
Revenue (TTM)$217M$2.55B
Net Income (TTM)$-115M$-52M
Gross Margin22.1%11.7%
Operating Margin-35.8%-1.6%
Total Debt$95M$391M
Cash & Equiv.$58M$691M

NRGV vs FLNCLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

NRGV
FLNC
StockOct 21May 26Return
Energy Vault Holdin… (NRGV)10042.1-57.9%
Fluence Energy, Inc. (FLNC)10038.1-61.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: NRGV vs FLNC

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: NRGV leads in 3 of 6 categories, making it the strongest pick for growth and revenue expansion and capital preservation and lower volatility. Fluence Energy, Inc. is the stronger pick specifically for profitability and margin quality and operational efficiency and capital deployment. As sector peers, any of these can serve as alternatives in the same allocation.
NRGV
Energy Vault Holdings, Inc.
The Income Pick

NRGV carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • beta 3.08
  • Rev growth 340.9%, EPS growth 28.6%, 3Y rev CAGR 11.8%
  • -47.9% 10Y total return vs FLNC's -63.7%
Best for: income & stability and growth exposure
FLNC
Fluence Energy, Inc.
The Quality Compounder

FLNC is the clearest fit if your priority is quality and efficiency.

  • -2.0% margin vs NRGV's -53.0%
  • -2.3% ROA vs NRGV's -40.3%, ROIC -12.0% vs -49.5%
Best for: quality and efficiency
See the full category breakdown
CategoryWinnerWhy
GrowthNRGV logoNRGV340.9% revenue growth vs FLNC's -16.1%
Quality / MarginsFLNC logoFLNC-2.0% margin vs NRGV's -53.0%
Stability / SafetyNRGV logoNRGVBeta 3.08 vs FLNC's 3.55
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)NRGV logoNRGV+6.2% vs FLNC's +197.9%
Efficiency (ROA)FLNC logoFLNC-2.3% ROA vs NRGV's -40.3%, ROIC -12.0% vs -49.5%

NRGV vs FLNC — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

NRGVEnergy Vault Holdings, Inc.
FY 2025
Intellectual Property Licensing
86.0%$3M
Software Licensing
14.0%$540,000
FLNCFluence Energy, Inc.
FY 2025
Product
96.3%$2.2B
Service
3.7%$84M

NRGV vs FLNC — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLFLNCLAGGINGNRGV

Income & Cash Flow (Last 12 Months)

FLNC leads this category, winning 4 of 6 comparable metrics.

FLNC is the larger business by revenue, generating $2.6B annually — 11.8x NRGV's $217M. FLNC is the more profitable business, keeping -2.0% of every revenue dollar as net income compared to NRGV's -53.0%.

MetricNRGV logoNRGVEnergy Vault Hold…FLNC logoFLNCFluence Energy, I…
RevenueTrailing 12 months$217M$2.6B
EBITDAEarnings before interest/tax-$72M-$12M
Net IncomeAfter-tax profit-$115M-$52M
Free Cash FlowCash after capex-$98M-$195M
Gross MarginGross profit ÷ Revenue+22.1%+11.7%
Operating MarginEBIT ÷ Revenue-35.8%-1.6%
Net MarginNet income ÷ Revenue-53.0%-2.0%
FCF MarginFCF ÷ Revenue-45.2%-7.6%
Rev. Growth (YoY)Latest quarter vs prior year+156.4%+154.4%
EPS Growth (YoY)Latest quarter vs prior year-42.9%-6.3%
FLNC leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

FLNC leads this category, winning 3 of 3 comparable metrics.
MetricNRGV logoNRGVEnergy Vault Hold…FLNC logoFLNCFluence Energy, I…
Market CapShares × price$870M$654M
Enterprise ValueMkt cap + debt − cash$906M$354M
Trailing P/EPrice ÷ TTM EPS-7.74x-34.30x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue4.27x0.29x
Price / BookPrice ÷ Book value/share9.11x3.01x
Price / FCFMarket cap ÷ FCF
FLNC leads this category, winning 3 of 3 comparable metrics.

Profitability & Efficiency

FLNC leads this category, winning 7 of 9 comparable metrics.

FLNC delivers a -10.6% return on equity — every $100 of shareholder capital generates $-11 in annual profit, vs $-147 for NRGV. FLNC carries lower financial leverage with a 0.71x debt-to-equity ratio, signaling a more conservative balance sheet compared to NRGV's 1.07x. On the Piotroski fundamental quality scale (0–9), NRGV scores 4/9 vs FLNC's 3/9, reflecting mixed financial health.

MetricNRGV logoNRGVEnergy Vault Hold…FLNC logoFLNCFluence Energy, I…
ROE (TTM)Return on equity-146.8%-10.6%
ROA (TTM)Return on assets-40.3%-2.3%
ROICReturn on invested capital-49.5%-12.0%
ROCEReturn on capital employed-53.7%-4.3%
Piotroski ScoreFundamental quality 0–943
Debt / EquityFinancial leverage1.07x0.71x
Net DebtTotal debt minus cash$36M-$300M
Cash & Equiv.Liquid assets$58M$691M
Total DebtShort + long-term debt$95M$391M
Interest CoverageEBIT ÷ Interest expense-8.65x-8.49x
FLNC leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

NRGV leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in NRGV five years ago would be worth $5,138 today (with dividends reinvested), compared to $3,626 for FLNC. Over the past 12 months, NRGV leads with a +618.6% total return vs FLNC's +197.9%. The 3-year compound annual growth rate (CAGR) favors NRGV at 40.9% vs FLNC's -10.9% — a key indicator of consistent wealth creation.

MetricNRGV logoNRGVEnergy Vault Hold…FLNC logoFLNCFluence Energy, I…
YTD ReturnYear-to-date+2.9%-44.9%
1-Year ReturnPast 12 months+618.6%+197.9%
3-Year ReturnCumulative with dividends+179.4%-29.2%
5-Year ReturnCumulative with dividends-48.6%-63.7%
10-Year ReturnCumulative with dividends-47.9%-63.7%
CAGR (3Y)Annualised 3-year return+40.9%-10.9%
NRGV leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

NRGV leads this category, winning 2 of 2 comparable metrics.

NRGV is the less volatile stock with a 3.08 beta — it tends to amplify market swings less than FLNC's 3.55 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NRGV currently trades 79.2% from its 52-week high vs FLNC's 37.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricNRGV logoNRGVEnergy Vault Hold…FLNC logoFLNCFluence Energy, I…
Beta (5Y)Sensitivity to S&P 5003.08x3.55x
52-Week HighHighest price in past year$6.35$33.51
52-Week LowLowest price in past year$0.65$3.93
% of 52W HighCurrent price vs 52-week peak+79.2%+37.9%
RSI (14)Momentum oscillator 0–10062.838.8
Avg Volume (50D)Average daily shares traded3.6M4.2M
NRGV leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates NRGV as "Buy" and FLNC as "Hold". Consensus price targets imply 50.9% upside for FLNC (target: $19) vs -45.3% for NRGV (target: $3).

MetricNRGV logoNRGVEnergy Vault Hold…FLNC logoFLNCFluence Energy, I…
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$2.75$19.15
# AnalystsCovering analysts727
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

FLNC leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). NRGV leads in 2 (Total Returns, Risk & Volatility).

Best OverallFluence Energy, Inc. (FLNC)Leads 3 of 6 categories
Loading custom metrics...

NRGV vs FLNC: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is NRGV or FLNC a better buy right now?

For growth investors, Energy Vault Holdings, Inc.

(NRGV) is the stronger pick with 340. 9% revenue growth year-over-year, versus -16. 1% for Fluence Energy, Inc. (FLNC). Analysts rate Energy Vault Holdings, Inc. (NRGV) a "Buy" — based on 7 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — NRGV or FLNC?

Over the past 5 years, Energy Vault Holdings, Inc.

(NRGV) delivered a total return of -48. 6%, compared to -63. 7% for Fluence Energy, Inc. (FLNC). Over 10 years, the gap is even starker: NRGV returned -56. 4% versus FLNC's -61. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — NRGV or FLNC?

By beta (market sensitivity over 5 years), Energy Vault Holdings, Inc.

(NRGV) is the lower-risk stock at 3. 08β versus Fluence Energy, Inc. 's 3. 55β — meaning FLNC is approximately 15% more volatile than NRGV relative to the S&P 500. On balance sheet safety, Fluence Energy, Inc. (FLNC) carries a lower debt/equity ratio of 71% versus 107% for Energy Vault Holdings, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — NRGV or FLNC?

By revenue growth (latest reported year), Energy Vault Holdings, Inc.

(NRGV) is pulling ahead at 340. 9% versus -16. 1% for Fluence Energy, Inc. (FLNC). On earnings-per-share growth, the picture is similar: Energy Vault Holdings, Inc. grew EPS 28. 6% year-over-year, compared to -408. 3% for Fluence Energy, Inc.. Over a 3-year CAGR, FLNC leads at 23. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — NRGV or FLNC?

Fluence Energy, Inc.

(FLNC) is the more profitable company, earning -2. 1% net margin versus -50. 9% for Energy Vault Holdings, Inc. — meaning it keeps -2. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FLNC leads at -1. 5% versus -36. 5% for NRGV. At the gross margin level — before operating expenses — NRGV leads at 23. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Which pays a better dividend — NRGV or FLNC?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

07

Is NRGV or FLNC better for a retirement portfolio?

For long-horizon retirement investors, Energy Vault Holdings, Inc.

(NRGV) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Fluence Energy, Inc. (FLNC) carries a higher beta of 3. 55 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (NRGV: -56. 4%, FLNC: -61. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

08

What are the main differences between NRGV and FLNC?

Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: NRGV is a small-cap high-growth stock; FLNC is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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NRGV

High-Growth Disruptor

  • Sector: Utilities
  • Market Cap > $100B
  • Revenue Growth > 78%
  • Gross Margin > 13%
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FLNC

High-Growth Disruptor

  • Sector: Utilities
  • Market Cap > $100B
  • Revenue Growth > 77%
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