Energy Vault Holdings, Inc. (NRGV) Financial Ratios
7 years of historical data (2019–2025) · Utilities · Renewable Utilities
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↑
7.63
↑+120% vs avg
5yr avg: 3.47
30Y Low1.3·High8.4
ROE
↓
-96.4%
↑-36% vs avg
5yr avg: -71.0%
30Y Low-96%·High-38%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low0.2·High0.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NRGV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Energy Vault Holdings, 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 | $728M | $740M | $342M | $333M | $385M | $1.1B | — | — |
| Enterprise Value | $765M | $776M | $316M | $225M | $183M | $958M | — | — |
| P/E Ratio → | -6.48 | — | — | — | — | — | — | — |
| P/S Ratio | 3.58 | 3.63 | 7.40 | 0.97 | 2.64 | — | — | — |
| P/B Ratio | 7.63 | 8.35 | 2.71 | 1.49 | 1.34 | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
NRGV 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 | — | 3.81 | 6.84 | 0.66 | 1.25 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
NRGV Profitability
Margins and return-on-capital ratios measuring operating efficiency
Energy Vault Holdings, Inc. earns an operating margin of -36.5%, below the Utilities sector average of 19.8%. Operating margins have compressed from -31.3% to -36.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -96.4% 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 | 23.6% | 23.6% | 13.4% | 5.1% | 40.6% | — | — | — |
| Operating Margin | -36.5% | -36.5% | -281.4% | -31.3% | -41.3% | — | — | — |
| Net Profit Margin | -50.9% | -50.9% | -293.8% | -28.8% | -53.7% | — | — | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -96.4% | -96.4% | -77.6% | -38.5% | -71.5% | — | -577.9% | — |
| ROA | -41.7% | -41.7% | -51.7% | -26.0% | -28.9% | -40.3% | -70.0% | -26.2% |
| ROIC | -49.5% | -49.5% | -90.2% | -79.3% | -52.4% | — | -74.9% | — |
| ROCE | -53.7% | -53.7% | -72.6% | -41.0% | -29.4% | -37.1% | -46.6% | 28.0% |
NRGV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $36M ($95M total debt minus $58M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.07 | 1.07 | 0.01 | 0.01 | 0.01 | — | 0.10 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | 0.16 |
| Net Debt / Equity | — | 0.41 | -0.20 | -0.48 | -0.70 | — | -0.35 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | -1.30 |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | -10.33 | -10.33 | -1102.63 | -2821.63 | — | -4475.71 | -113.21 | -8.40 |
NRGV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.73x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 2.50x to 0.73x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.73 | 0.73 | 1.26 | 2.50 | 3.11 | 15.07 | 2.77 | 5.20 |
| Quick Ratio | 0.73 | 0.73 | 1.26 | 2.50 | 3.08 | 15.07 | 2.77 | 5.20 |
| Cash Ratio | 0.35 | 0.35 | 0.55 | 0.98 | 1.62 | 14.32 | 2.58 | 5.05 |
| Asset Turnover | — | 0.65 | 0.25 | 1.00 | 0.35 | — | — | — |
| Inventory Turnover | 1120.01 | 1120.01 | 373.94 | 780.75 | 19.78 | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
NRGV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Energy Vault Holdings, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $161M | $150M | $143M | $123M | $107M | $68M | $1M |
Peer Comparison
Compare NRGV 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 |
|---|---|---|---|---|---|---|---|---|---|
 NRGVYou | $728M | -6.5 | — | — | 23.6% | -36.5% | -96.4% | -49.5% | — |
 FLNC | $2B | -36.6 | — | — | 13.1% | -2.0% | -8.4% | -15.9% | — |
 STEM | $91M | -1.2 | — | 13.3 | 35.3% | -38.7% | — | -57.1% | — |
 GRRR | $344M | -2.5 | — | — | 50.0% | -89.6% | -101.8% | -64.6% | — |
 BE | $69B | -771.5 | 560.7 | 1200.0 | 29.0% | 3.6% | -12.8% | 4.1% | 24.3 |
 HYPR | $163M | -4.0 | — | — | 49.8% | -273.4% | -79.0% | -316.4% | — |
 MVST | $633M | -21.8 | 102.3 | 11.3 | 28.6% | 1.6% | -7.3% | 0.9% | 26.6 |
 NEE | $199B | 29.0 | 19.0 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
 AES | $10B | 11.4 | 11.2 | — | 18.1% | 16.1% | 9.7% | 3.9% | 8.8 |
 BEP | $11B | -511.7 | 13.2 | — | 16.8% | 13.4% | -0.1% | 0.9% | 10.7 |
 ENPH | $5B | 27.8 | 22.4 | 49.2 | 46.6% | 11.2% | 17.9% | 6.8% | 5.1 |
| Utilities Median | — | 19.7 | 11.5 | 15.4 | 40.7% | 19.8% | 9.4% | 4.9% | 5.0 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonNRGV — Frequently Asked Questions
Quick answers to the most common questions about buying NRGV stock.
What is Energy Vault Holdings, Inc.'s P/E ratio?
Energy Vault Holdings, Inc.'s current P/E ratio is -6.5x. This places it at the 50th percentile of its historical range.
What is Energy Vault Holdings, Inc.'s ROE?
Energy Vault Holdings, Inc.'s return on equity (ROE) is -96.4%. The historical average is -71.0%.
Is NRGV stock overvalued?
Based on historical data, Energy Vault Holdings, Inc. is trading at a P/E of -6.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Energy Vault Holdings, Inc.'s profit margins?
Energy Vault Holdings, Inc. has 23.6% gross margin and -36.5% operating margin.