Last 22 quarters of trend data · Utilities · Renewable Utilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -67.03 | — | — | 27.81 | 49.34 | — | — | 21.84 | 1008.14 | — | — | 326.56 | — |
| — | — | — | +27.3% | -95.1% | — | — | -93.3% | — | — | — | — | — | |
| P/S Ratio | 1.44 | 0.98 | 1.37 | 0.48 | 0.51 | 0.37 | 2.75 | 0.85 | 1.65 | 0.88 | 1.98 | 1.57 | 1.46 |
| — | +167.5% | -50.3% | -43.7% | -69.1% | -58.6% | +38.7% | -45.8% | +13.3% | +4.7% | +24.5% | +66.1% | +164.4% | |
| P/B Ratio | 5.89 | 3.96 | 5.33 | 3.64 | 2.37 | 1.26 | 3.88 | 6.88 | 5.94 | 4.14 | 5.36 | 7.59 | 5.74 |
| — | +213.9% | +37.2% | -47.2% | -60.1% | -69.5% | -27.5% | -9.3% | +3.5% | -0.2% | +62.2% | +186.0% | +630.0% | |
| P/FCF | — | — | — | 1.95 | — | — | — | 209.06 | — | 8.33 | 43.07 | 23.21 | 12.05 |
| — | — | — | -99.1% | — | — | — | +800.9% | — | — | — | — | +351.8% | |
| EV / EBITDA | — | — | — | 7.21 | 24.13 | — | — | 13.11 | 79.53 | — | — | 48.67 | — |
| — | — | — | -45.0% | -69.7% | — | — | -73.1% | — | — | — | — | — | |
| EV / EBIT | — | — | — | 8.76 | 73.50 | — | — | 13.91 | 156.58 | — | — | 55.48 | — |
| — | — | — | -37.0% | -53.1% | — | — | -74.9% | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Fluence Energy, Inc.'s operating margin was -7.5% in Q2 2026, up 5.8 pp QoQ and up 2.9 pp YoY. The trailing four-quarter average of -3.9% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.1% | 10.0% | 4.9% | 13.7% | 14.8% | 9.9% | 11.4% | 12.8% | 17.2% | 10.3% | 10.0% | 11.8% | 4.0% |
| — | +1.7% | -57.3% | +7.0% | -13.9% | -4.2% | +13.5% | +8.8% | +333.6% | +133.4% | +157.8% | +385.0% | +282.2% | |
| Operating Margin | -2.0% | -7.5% | -13.3% | 4.6% | 0.7% | -10.4% | -28.8% | 5.5% | 0.9% | -2.5% | -8.2% | 2.6% | -6.9% |
| — | +28.1% | +53.8% | -15.6% | -29.1% | -317.5% | -249.2% | +109.3% | +113.7% | +52.3% | +48.5% | +122.4% | +73.0% | |
| Net Margin | -2.1% | -4.5% | -9.5% | 1.7% | 1.0% | -7.2% | -22.2% | 3.9% | 0.2% | -1.5% | -4.6% | 0.5% | -4.4% |
| — | +37.4% | +57.3% | -55.8% | +538.9% | -388.8% | -382.6% | +702.2% | +103.7% | +58.7% | +61.6% | +103.8% | +46.1% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -8.4% | -4.4% | -8.7% | 3.4% | 1.2% | -6.0% | -7.3% | 8.4% | 0.1% | -1.7% | -3.1% | 0.6% | -4.2% |
| — | +26.8% | -19.1% | -59.8% | +735.7% | -252.6% | -138.7% | +1308.4% | +103.5% | +59.8% | +49.5% | +106.9% | -51.6% | |
| ROA | -2.3% | -0.9% | -1.9% | 0.8% | 0.3% | -1.4% | -2.0% | 2.7% | 0.0% | -0.5% | -1.1% | 0.2% | -1.3% |
| — | +34.5% | +3.3% | -69.6% | +489.3% | -152.4% | -90.6% | +1088.7% | +103.7% | +54.8% | +44.6% | +106.8% | -9.2% | |
| ROIC | -15.9% | -5.9% | -14.0% | 10.0% | 0.8% | -10.7% | -16.1% | 25.8% | 1.8% | -5.2% | -8.4% | 4.7% | -7.9% |
| — | +45.0% | +13.1% | -61.2% | -58.2% | -104.2% | -91.5% | +446.8% | +123.0% | +29.8% | +31.0% | +116.3% | +94.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.71 | 0.85 | 0.80 | 0.71 | 0.75 | 0.78 | 0.74 | 0.05 | 0.10 | 0.10 | 0.10 | 0.09 | 0.10 |
| — | +9.4% | +9.0% | +1323.9% | +650.9% | +688.8% | +667.8% | -45.0% | +2.7% | +125.2% | +144.6% | +1985.0% | — | |
| Debt / EBITDA | — | — | — | 6.64 | 31.76 | — | — | 0.42 | 5.97 | — | — | 2.51 | — |
| — | — | — | +1468.6% | +431.6% | — | — | -83.1% | — | — | — | — | — | |
| Current Ratio | 1.51 | 1.43 | 1.48 | 1.51 | 1.64 | 1.51 | 1.57 | 1.33 | 1.34 | 1.36 | 1.33 | 1.60 | 1.46 |
| — | -5.0% | -5.7% | +12.8% | +23.0% | +11.1% | +18.2% | -16.7% | -8.2% | +1.1% | +1.0% | +11.0% | -6.7% | |
| Quick Ratio | 1.17 | 0.91 | 1.08 | 1.17 | 1.06 | 0.99 | 1.14 | 1.19 | 0.92 | 1.04 | 0.88 | 1.30 | 0.92 |
| — | -8.3% | -5.4% | -1.3% | +15.6% | -4.9% | +29.8% | -8.5% | +0.2% | +34.0% | +44.9% | +52.1% | -16.8% | |
| Interest Coverage | — | -8.45 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying FLNC stock.
Fluence Energy, Inc.'s current P/E is -67.0x. The average P/E over the last 2 quarters is 38.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Fluence Energy, Inc.'s current operating margin is -2.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Fluence Energy, Inc.'s business trajectory between earnings reports.