Energy Vault Holdings, Inc.

NRGV Utilities Utilities Renewable

Energy Vault Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $203.7 million, up 340.9% from fiscal 2024.

Revenue
+104.1%
EPS
+22.7%
Free cash flow
−671.6%
Total debt
+628.7%

Quarter to June 2026, against a year earlier

3.10 0.30 +10.71%
Market cap
$509.2M
P/E
0.0×
Fwd P/E
−6.2×
Dividend yield
—
F-score
4/9
Altman Z
−0.67
Beneish M
−1.02
Dividend safety
n/a

Energy Vault Holdings, Inc. (NRGV) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, Energy Vault Holdings, Inc. (NRGV) trades at a EV/Sales of 2.8×. Over the past ten years it has ranged from −0.3× (March 2023) to 10.9× (December 2025); the current reading is higher than 76% of that period. That is below the Utilities Renewable industry median of 3.7× and below the Utilities sector median of 4.4×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 3.8× (44.39%)
FY2024 6.8× 1,235.90%
FY2023 0.5× (22.65%)
FY2022 0.7× —
FY2022 0.0× —

Quarterly newest first

Period EV/Sales Change
Jun 2026 4.3× 39.73%
Mar 2026 3.1× (18.50%)
Dec 2025 3.8× (37.73%)
Sep 2025 6.1× 245.17%
14 more quarters

Against its own ten years

Low −0.3× High 10.9×
Ten-year median 0.6×
Current reading's percentile 64

EV/Sales against peers

Company EV/Sales
FRVO Fervo Energy Company compare n/m
FLNC Fluence Energy, Inc. compare 0.3×
MWH SOLV Energy Inc. compare 1.0×
SAFX XCF Global Capital, Inc. compare 2.4×
NRGV Energy Vault Holdings, Inc. 2.8×
XIFR XPLR Infrastructure, LP compare 5.2×
RNW ReNew Energy Global PLC compare 5.7×
ORA Ormat Technologies, Inc. compare 6.9×
ELLO Ellomay Capital Ltd. compare 15.5×
Utilities Renewable industry median 3.7×
Utilities sector median 4.4×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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