Fluence Energy, Inc. (FLNC) Financial Ratios
7 years of historical data (2019–2025) · Utilities · Renewable Utilities
EV/EBITDA
N/A
—
5yr avg: 91.50
30Y Low91.5·High91.5
P/FCF
N/A
—
5yr avg: 68.84
30Y Low68.8·High68.8
P/B Ratio
↑
5.89
↑+48% vs avg
5yr avg: 3.97
30Y Low1.6·High6.9
ROE
↑
-8.4%
↓+71% vs avg
5yr avg: -29.3%
30Y Low-101%·High4%
Debt/EBITDA
N/A
—
5yr avg: 0.74
30Y Low0.7·High0.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FLNC Valuation Multiples
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 | $3.3B | $1.4B | $4.2B | $2.7B | $1.0B | — | — | — |
| Enterprise Value | $3.0B | $1.1B | $3.8B | $2.4B | $663M | — | — | — |
| P/E Ratio → | -67.03 | — | 189.25 | — | — | — | — | — |
| P/S Ratio | 1.44 | 0.62 | 1.55 | 1.21 | 0.85 | — | — | — |
| P/B Ratio | 5.89 | 2.56 | 6.88 | 4.81 | 1.62 | — | — | — |
| P/FCF | — | — | 68.84 | — | — | — | — | — |
| P/OCF | — | — | 52.45 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
FLNC EV Ratios
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 | — | — | — | — | — |
FLNC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Fluence Energy, Inc. earns an operating margin of -2.0%, below the Utilities sector average of 18.5%. Operating margins have expanded from -5.1% to -2.0% over the past 3 years, signaling improving operational efficiency. A negative ROE of -8.4% indicates the company is currently destroying shareholder equity.
Margins
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 | -2.0% | -2.0% | 1.0% | -5.1% | -23.7% | -23.3% | — | -53.8% |
| Net Profit Margin | -2.1% | -2.1% | 0.8% | -3.1% | -24.1% | -23.8% | -8.3% | -51.0% |
Return on Capital
| 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% | -100.9% | — | — | — |
| ROA | -2.3% | -2.3% | 1.4% | -4.5% | -23.5% | -30.0% | -16.9% | -24.9% |
| ROIC | -15.9% | -15.9% | 8.9% | -31.5% | -151.0% | -1704.7% | — | — |
| ROCE | -5.7% | -5.7% | 4.3% | -18.1% | -97.4% | — | — | -176.6% |
FLNC Leverage & Debt
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 | — | — | — | — | -140.50 | -110.62 | -313.76 | -6821.71 |
Net cash position: cash ($691M) exceeds total debt ($391M)
FLNC Liquidity & Efficiency
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 | — | — | — | — | — | — | — | — |
FLNC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Fluence Energy, Inc. returns 0.0% to shareholders annually primarily through share buybacks.
Dividends
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 | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| 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% | 0.1% | 0.0% | 0.1% | 0.5% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.1% | 0.0% | 0.1% | 0.5% | — | — | — |
| Shares Outstanding | — | $130M | $184M | $116M | $70M | $54M | $49M | $49M |
Peer Comparison
Compare FLNC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FLNCYou | $3B | -67.0 | — | — | 13.1% | -2.0% | -8.4% | -15.9% | — |
 STEM | $70M | -0.9 | — | 10.2 | 38.4% | -35.6% | — | -52.6% | — |
 NRGV | $709M | -6.3 | — | — | 23.6% | -36.5% | -96.4% | -49.5% | — |
 GNRC | $16B | 103.8 | 35.9 | 61.1 | 38.3% | 6.9% | 6.2% | 5.9% | 2.8 |
 BE | $79B | -888.9 | 645.3 | 1382.6 | 29.0% | 3.6% | -12.8% | 4.1% | 24.3 |
 FCEL | $1B | -3.2 | — | — | -16.7% | -76.6% | -25.8% | -13.6% | — |
 PLUG | $3B | -2.0 | — | — | -34.1% | -95.7% | -116.1% | -24.7% | — |
 ARRY | $1B | -11.0 | 13.3 | 15.4 | 21.2% | 6.6% | -19.0% | 9.0% | 5.8 |
 ENPH | $7B | 40.5 | 31.2 | 71.8 | 46.6% | 11.2% | 17.9% | 6.8% | 5.1 |
 SEDG | $4B | -8.4 | — | 43.7 | 15.3% | -24.1% | -74.7% | -29.5% | — |
 NEE | $181B | 26.4 | 17.8 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
| Utilities Median | — | 19.0 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
FLNC — Frequently Asked Questions
Quick answers to the most common questions about buying FLNC stock.
What is Fluence Energy, Inc.'s P/E ratio?
Fluence Energy, Inc.'s current P/E ratio is -67.0x. The historical average is 189.3x.
What is Fluence Energy, Inc.'s ROE?
Fluence Energy, Inc.'s return on equity (ROE) is -8.4%. The historical average is -29.3%.
Is FLNC stock overvalued?
Based on historical data, Fluence Energy, Inc. is trading at a P/E of -67.0x. Compare with industry peers and growth rates for a complete picture.
What are Fluence Energy, Inc.'s profit margins?
Fluence Energy, Inc. has 13.1% gross margin and -2.0% operating margin.