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Energy Vault Holdings NRGV Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin22.5%+2.2pp22.1%+2.9pp23.6%+10.2pp22.7%+16.8pp20.2%+15.5pp
Operating margin-32.8%+212pp-35.8%+233pp-36.5%+245pp-139.6%-60.4pp-244.7%-212pp
Net margin-48.6%+231pp-53%+236pp-50.9%+243pp-172.6%-99.2pp-279.4%-250pp
Returns
Return on equity-225.9%-125pp-158.2%-75.2pp-107%-29.4pp-111.5%-65.4pp-101.1%-61.2pp
Return on invested capital-74.5%+66.6pp-70.3%+75.5pp-94%+52.4pp-105.5%-7.2pp-141.2%-24.5pp
Efficiency
Asset turnover0.7×+0.5×0.8×+0.7×0.8×+0.6×0.3×-0.2×0.2×-0.8×
Liquidity
Current ratio1.2×+0.5×1.4×+0.6×0.7×-0.5×0.6×-1.2×0.7×-2.2×
Leverage
Debt-to-equity35.7×+35.0×6.9×+6.7×1.4×+1.4×1.2×+1.2×0.7×+0.7×
Per Share
Book value per share$0.04-93.3%$0.18-76.3%$0.42-50.1%$0.49-58.5%$0.58-56.1%
Valuation
Market capitalization$632.53M+185%$570.82M+436%$773.51M+123%$480.71M+236%$120.31M-13.8%
Price / sales2.8×-1.5×2.6×+0.4×3.8×-3.7×5.7×+4.6×2.3×+1.9×
Price / book92.2×+89.8×18.7×+17.8×11.5×+8.7×+5.2×1.3×+0.6×

FAQ

What are Energy Vault Holdings's profit margins?
Energy Vault Holdings (NRGV) runs a 22.5% gross margin and a -32.8% operating margin, with a -48.6% net margin.
Where do Energy Vault Holdings's ratios come from?
Every ratio is computed from Energy Vault Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.