7 years of historical data (2019–2025) · Utilities · Renewable Utilities
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Fluence Energy, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $800M | $1.4B | $4.2B | $2.7B | $1.0B | — | — | — |
| Enterprise Value | $500M | $1.1B | $3.8B | $2.4B | $663M | — | — | — |
| P/E Ratio → | -42.00 | — | 189.25 | — | — | — | — | — |
| P/S Ratio | 0.35 | 0.62 | 1.55 | 1.21 | 0.85 | — | — | — |
| P/B Ratio | 3.69 | 2.56 | 6.88 | 4.81 | 1.62 | — | — | — |
| P/FCF | — | — | 68.84 | — | — | — | — | — |
| P/OCF | — | — | 58.68 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.49 | 1.39 | 1.07 | 0.55 | — | — | — |
| EV / EBITDA | — | — | 91.50 | — | — | — | — | — |
| EV / EBIT | — | — | 141.28 | — | — | — | — | — |
| EV / FCF | — | — | 61.95 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Fluence Energy, Inc. earns an operating margin of -1.5%, below the Utilities sector average of 21.0%. Operating margins have expanded from -4.6% to -1.5% over the past 3 years, signaling improving operational efficiency. A negative ROE of -8.4% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.1% | 13.1% | 12.6% | 6.4% | -5.2% | -10.2% | 1.4% | -8.6% |
| Operating Margin | -1.5% | -1.5% | 1.0% | -4.6% | -23.8% | -23.3% | -7.3% | -51.8% |
| Net Profit Margin | -2.1% | -2.1% | 0.8% | -3.1% | -24.1% | -23.8% | -8.3% | -51.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -8.4% | -8.4% | 3.9% | -11.7% | -165.4% | — | — | — |
| ROA | -2.3% | -2.3% | 1.4% | -4.5% | -23.5% | -30.0% | -16.9% | -24.9% |
| ROIC | -12.0% | -12.0% | 8.9% | -28.8% | -736.1% | — | — | — |
| ROCE | -4.3% | -4.3% | 4.3% | -16.5% | -98.2% | — | -588.3% | -170.0% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $691M exceeds total debt of $391M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.71 | 0.71 | 0.05 | 0.09 | 0.00 | — | — | — |
| Debt / EBITDA | — | — | 0.74 | — | — | — | — | — |
| Net Debt / Equity | — | -0.55 | -0.69 | -0.53 | -0.56 | — | — | — |
| Net Debt / EBITDA | — | — | -10.18 | — | — | — | — | — |
| Debt / FCF | — | — | -6.89 | — | — | — | -22.32 | -17.01 |
| Interest Coverage | -8.49 | -8.49 | — | — | — | -110.62 | -318.82 | -6821.71 |
Net cash position: cash ($691M) exceeds total debt ($391M)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.51x means Fluence Energy, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.17x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.60x to 1.51x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.51 | 1.51 | 1.33 | 1.60 | 1.44 | 0.86 | 0.87 | 0.92 |
| Quick Ratio | 1.17 | 1.17 | 1.19 | 1.30 | 0.86 | 0.35 | 0.77 | 0.86 |
| Cash Ratio | 0.50 | 0.50 | 0.36 | 0.46 | 0.42 | 0.05 | 0.25 | 0.65 |
| Asset Turnover | — | 0.96 | 1.42 | 1.64 | 0.69 | 0.95 | 1.54 | 0.49 |
| Inventory Turnover | 4.32 | 4.32 | 12.91 | 9.24 | 1.93 | 1.92 | 14.83 | 9.37 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Fluence Energy, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.5% | — | — | — | — | — |
| FCF Yield | — | — | 1.5% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.5% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.5% | — | — | — |
| Shares Outstanding | — | $130M | $184M | $116M | $70M | $54M | $49M | $49M |
Compare FLNC with 6 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| FLNCYou | $800M | -42.0 | — | — | 13.1% | -1.5% | -8.4% | -12.0% | — |
| GEV | $235B | 49.4 | 101.1 | 63.4 | 19.8% | 3.6% | 42.7% | 27.9% | — |
| NRGV | $460M | -3.3 | — | — | 13.4% | -281.4% | -77.6% | -90.2% | — |
| SMR | $249M | -5.9 | — | — | — | — | -45.4% | -314.7% | — |
| BNRG | $10M | -1.0 | — | — | — | — | -183.9% | -150.7% | — |
| CREG | $3M | -0.6 | — | 11.0 | — | — | -1.5% | -0.7% | — |
| RAIN | $3685 | -1.1 | — | — | — | — | — | — | — |
| Utilities Median | — | 21.0 | 9.4 | 8.1 | 46.6% | 21.0% | 9.4% | 5.0% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonFluence Energy, Inc.'s current P/E ratio is -42.0x. The historical average is 189.3x.
Fluence Energy, Inc.'s return on equity (ROE) is -8.4%. The historical average is -45.4%.
Based on historical data, Fluence Energy, Inc. is trading at a P/E of -42.0x. Compare with industry peers and growth rates for a complete picture.
Fluence Energy, Inc. has 13.1% gross margin and -1.5% operating margin.