Fluence Energy, Inc. (FLNC) vs XPLR Infrastructure, LP (XIFR)

Fluence Energy, Inc. and XPLR Infrastructure, LP are both Utilities Renewable companies. XPLR Infrastructure, LP is the larger, with a market value of $2.0B against $1.4B — 1.5× the size. Fluence Energy, Inc. has negative trailing earnings, so its P/E is not meaningful; XPLR Infrastructure, LP trades at 16.2×. Fluence Energy, Inc. grew revenue faster over the last twelve months: 7.46% against −2.83%. XPLR Infrastructure, LP has the higher net margin (5.16% vs −3.07%) and the higher return on invested capital (0.00% vs −15.2%). Across the 18 metrics below, XPLR Infrastructure, LP leads on 11 and Fluence Energy, Inc. on 7.

Valuation

Metric FLNC XIFR Utilities Renewable median
P/E n/m 16.23 18.99
P/S 0.41 0.83 2.58
P/B 2.51 0.09 1.38
Price to free cash flow n/m n/m 5.71
EV/EBITDA n/m 9.99 16.32
EV/Sales 0.43 5.43 5.43
Earnings yield (7.64%) 6.16% (12.46%)
Free cash flow yield (12.16%) (41.11%) (21.58%)

Profitability

Metric FLNC XIFR Utilities Renewable median
Gross margin 9.34% 100.00% 41.45%
Operating margin (4.23%) 0.00% 0.00%
Net margin (3.07%) 5.16% (0.87%)
Free cash flow margin (5.01%) (34.03%) (9.23%)
Return on equity (16.99%) 0.57% 0.00%
Return on assets (3.45%) 0.31% (2.61%)
Return on invested capital (15.19%) 0.00% 0.00%

Growth

Metric FLNC XIFR Utilities Renewable median
Revenue growth (TTM) 7.46% (2.83%) 10.25%
EPS growth (last fiscal year) (384.62%) (172.73%) —
Revenue growth, 5-year CAGR 32.16% 5.31% 6.29%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FLNC XIFR Utilities Renewable median
Debt to equity 0.91 0.57 0.59
Current ratio 1.34 1.27 1.16
Net debt to EBITDA 25.34 11.37 2.66

Dividend

Metric FLNC XIFR Utilities Renewable median
Dividend yield — 12.82% 5.61%
Payout ratio 0.00 1.92 0.00

Size

Metric FLNC XIFR Utilities Renewable median
Market cap 1.39b 2.02b 239.67m

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