6 years of historical data (2019–2024) · 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
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $460M | $342M | $333M | $385M | $1.1B | — | — |
| Enterprise Value | $434M | $316M | $225M | $183M | $958M | — | — |
| P/E Ratio → | -3.30 | — | — | — | — | — | — |
| P/S Ratio | 9.95 | 7.40 | 0.97 | 2.64 | — | — | — |
| P/B Ratio | 3.56 | 2.71 | 1.49 | 1.34 | — | — | — |
| P/FCF | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.84 | 0.66 | 1.25 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Energy Vault Holdings, Inc. earns an operating margin of -281.4%, below the Utilities sector average of 21.0%. Operating margins have compressed from -41.3% to -281.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -77.6% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 13.4% | 13.4% | 5.1% | 40.6% | — | — | — |
| Operating Margin | -281.4% | -281.4% | -31.3% | -41.3% | — | — | — |
| Net Profit Margin | -293.8% | -293.8% | -28.8% | -53.7% | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | -77.6% | -77.6% | -38.5% | -71.5% | — | -577.9% | — |
| ROA | -51.7% | -51.7% | -26.0% | -28.9% | -40.3% | -70.0% | -26.2% |
| ROIC | -90.2% | -90.2% | -79.3% | -52.4% | — | -74.9% | — |
| ROCE | -72.6% | -72.6% | -41.0% | -29.4% | -37.1% | -46.6% | 28.0% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $27M exceeds total debt of $1M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | — | 0.10 | — |
| Debt / EBITDA | — | — | — | — | — | — | 0.16 |
| Net Debt / Equity | — | -0.20 | -0.48 | -0.70 | — | -0.35 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | -1.30 |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | -1056.88 | -1056.88 | -3049.60 | — | -3830.43 | -113.21 | 8.40 |
Net cash position: cash ($27M) exceeds total debt ($1M)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.26x means Energy Vault Holdings, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 3.11x to 1.26x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.26 | 1.26 | 2.50 | 3.11 | 15.07 | 2.77 | 5.20 |
| Quick Ratio | 1.26 | 1.26 | 2.50 | 3.08 | 15.07 | 2.77 | 5.20 |
| Cash Ratio | 0.55 | 0.55 | 0.98 | 1.62 | 14.32 | 2.58 | 5.05 |
| Asset Turnover | — | 0.25 | 1.00 | 0.35 | — | — | — |
| Inventory Turnover | 373.94 | 373.94 | 780.75 | 19.78 | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Energy Vault Holdings, Inc. returns 0.1% to shareholders annually primarily through share buybacks.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $150M | $143M | $123M | $107M | $68M | $1M |
Compare NRGV 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 |
|---|---|---|---|---|---|---|---|---|---|
| NRGVYou | $460M | -3.3 | — | — | 13.4% | -281.4% | -77.6% | -90.2% | — |
| GEV | $235B | 49.4 | 101.1 | 63.4 | 19.8% | 3.6% | 42.7% | 27.9% | — |
| FLNC | $800M | -42.0 | — | — | 13.1% | -1.5% | -8.4% | -12.0% | — |
| 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 · 6 years · Updated daily
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Start ComparisonEnergy Vault Holdings, Inc.'s current P/E ratio is -3.3x. This places it at the 50th percentile of its historical range.
Energy Vault Holdings, Inc.'s return on equity (ROE) is -77.6%. The historical average is -62.5%.
Based on historical data, Energy Vault Holdings, Inc. is trading at a P/E of -3.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Energy Vault Holdings, Inc. has 13.4% gross margin and -281.4% operating margin.