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. In the quarter to June 2026, revenue grew 104.1%, EPS grew 22.7%, free cash flow fell 671.6% and total debt rose 628.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Energy Vault Holdings, Inc. (NRGV) EV/Sales
As of 16 October 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 5.1× 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 | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| FLNC Fluence Energy, Inc. compare | 0.4× |
| NRGV Energy Vault Holdings, Inc. | 2.8× |
| BEPC Brookfield Renewable Corporation compare | 3.5× |
| SAFX XCF Global Capital, Inc. compare | 3.6× |
| EBR.B Eletrobras compare | 3.8× |
| XIFR XPLR Infrastructure, LP compare | 5.4× |
| RNW ReNew Energy Global PLC compare | 6.0× |
| ORA Ormat Technologies, Inc. compare | 6.7× |
| ELLO Ellomay Capital Ltd. compare | 16.6× |
| Utilities Renewable industry median | 5.1× |
| 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)