Fluence Energy, Inc. (FLNC) vs Energy Vault Holdings, Inc. (NRGV)

Fluence Energy, Inc. and Energy Vault Holdings, Inc. are both Utilities Renewable companies. Fluence Energy, Inc. is the larger, with a market value of $1.4B against $781.9M — 1.8× the size. Energy Vault Holdings, Inc. grew revenue faster over the last twelve months: 336.8% against 7.46%. Fluence Energy, Inc. has the higher net margin (−3.07% vs −48.6%) and the higher return on invested capital (−15.2% vs −32.5%). Across the 17 metrics below, Fluence Energy, Inc. leads on 13 and Energy Vault Holdings, Inc. on 4.

Valuation

Metric FLNC NRGV Utilities Renewable median
P/E n/m n/m 18.99
P/S 0.41 3.47 2.58
P/B 2.51 114.29 1.38
Price to free cash flow n/m n/m 5.71
EV/EBITDA n/m n/m 16.32
EV/Sales 0.43 4.07 5.43
Earnings yield (7.64%) (15.00%) (12.46%)
Free cash flow yield (12.16%) (18.47%) (21.58%)

Profitability

Metric FLNC NRGV Utilities Renewable median
Gross margin 9.34% 22.47% 41.45%
Operating margin (4.23%) (32.84%) 0.00%
Net margin (3.07%) (48.58%) (0.87%)
Free cash flow margin (5.01%) (64.08%) (9.23%)
Return on equity (16.99%) (225.87%) 0.00%
Return on assets (3.45%) (35.43%) (2.61%)
Return on invested capital (15.19%) (32.53%) 0.00%

Growth

Metric FLNC NRGV Utilities Renewable median
Revenue growth (TTM) 7.46% 336.76% 10.25%
EPS growth (last fiscal year) (384.62%) 28.57% —
Revenue growth, 5-year CAGR 32.16% — 6.29%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FLNC NRGV Utilities Renewable median
Debt to equity 0.91 35.44 0.59
Current ratio 1.34 1.19 1.16
Net debt to EBITDA 25.34 (0.46) 2.66

Dividend

Metric FLNC NRGV Utilities Renewable median
Dividend yield — — 5.61%
Payout ratio 0.00 0.00 0.00

Size

Metric FLNC NRGV Utilities Renewable median
Market cap 1.39b 781.91m 239.67m

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