What is Energy Vault Holdings's EV / sales?

Energy Vault Holdings (NRGV) reported EV / sales of 3.1× in Q1 2026.

How has Energy Vault Holdings's EV / sales changed year-over-year?

Energy Vault Holdings's EV / sales increased by 63.9% year-over-year, from 1.9× to 3.1×.

What is the long-term trend for Energy Vault Holdings's EV / sales?

Over 3 years (2022 to 2025), Energy Vault Holdings's EV / sales has grown at a 54.4% compound annual growth rate (CAGR), from 1× to 3.8×.

What does EV / sales mean?

Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.

Energy Vault Holdings NRGV EV / sales

EV / sales at other companies

Tesla, Inc.TSLA

14.1×+5.5×

Eos Energy Enterprises, Inc.EOSE

11.5×-43.7×

Fluence Energy, Inc.FLNC

0.6×+0.5×

Microvast Holdings, Inc.MVST

1.3×0.0×

XPLR Infrastructure, LPXIFR

5.4×—

Shoals Technologies Group, Inc.SHLS

2.1×+0.4×

Other financials

Income statement

See full

Revenue$21.9M+156%

Gross profit$4.8M-1.8%

Operating income-$24.2M-15.8%

Net income-$32.5M-53.7%

EPS (diluted)-$0.20-42.9%

Balance sheet

See full

Cash & equivalents$117.1M+148%

Total debt$211.4M+643%

Total equity$30.5M-73.5%

Total assets$298.0M+37.1%

Cash flow

See full

Operating cash flow-$53.8M-1,871%

CapEx$7.1M+4.1%

Free cash flow-$60.9M-540%

Valuation

See full

Market cap$759.33M+502%

Enterprise value$853.62M+695%

P/S3.5×+0.8×

Profitability

See full

Gross margin22.1%+2.9pp

Operating margin-35.8%-16.6pp

Net margin-53%-23.8pp

FCF margin-247.8%—

Returns & leverage

See full

Return on equity-158.2%+1,524pp

Debt / equity6.9×+6.7×

Current ratio1.4×+0.6×

Where this comes from

Calculated from Energy Vault Holdings’s reported figures.

enterprise value/total revenue=3.1×

Based on the most recent quarter.

The official record: Energy Vault Holdings’s 10-Q, filed May 19, 2026, on SEC EDGAR. View the filing →

Ask your AI about Energy Vault Holdings's ev / sales.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Energy Vault Holdings's EV / sales?: Energy Vault Holdings (NRGV) reported EV / sales of 3.1× in Q1 2026.
How has Energy Vault Holdings's EV / sales changed year-over-year?: Energy Vault Holdings's EV / sales increased by 63.9% year-over-year, from 1.9× to 3.1×.
What is the long-term trend for Energy Vault Holdings's EV / sales?: Over 3 years (2022 to 2025), Energy Vault Holdings's EV / sales has grown at a 54.4% compound annual growth rate (CAGR), from 1× to 3.8×.
What does EV / sales mean?: Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.