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Energy Vault Holdings NRGV Return on invested capital

Return on invested capital at other companies

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Eos Energy Enterprises, Inc.EOSE
-1,243.6%
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Microvast Holdings, Inc.MVST
7.1%+4.0pp
XPLR Infrastructure, LP logo
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0.2%+0.1pp
Shoals Technologies Group, Inc. logo
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9.2%+2.8pp
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Enphase EnergyENPH
6.3%0.0pp

Other financials

Income statement

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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

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Cash & equivalents$117.1M+148%
Total debt$211.4M+643%
Total equity$30.5M-73.5%
Total assets$298.0M+37.1%

Cash flow

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Operating cash flow-$53.8M-1,871%
CapEx$7.1M+4.1%
Free cash flow-$60.9M-540%

Valuation

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Market cap$759.33M+502%
Enterprise value$853.62M+695%
P/S3.5×+0.8×

Profitability

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Gross margin22.1%+2.9pp
Operating margin-35.8%-16.6pp
Net margin-53%-23.8pp
FCF margin-247.8%

Returns & leverage

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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.

Based on trailing twelve months.

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

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Questions, answered.

What is Energy Vault Holdings's return on invested capital?
Energy Vault Holdings (NRGV) reported return on invested capital of -70.3% in Q1 2026.
How has Energy Vault Holdings's return on invested capital changed year-over-year?
Energy Vault Holdings's return on invested capital increased by 51.8% year-over-year, from -145.8% to -70.3%.
What is the long-term trend for Energy Vault Holdings's return on invested capital?
Over 2 years (2023 to 2025), Energy Vault Holdings's return on invested capital has grown at a -39.5% compound annual growth rate (CAGR), from -256.6% to -94%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.