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Energy Vault Holdings NRGV Return on invested capital

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-111.4%
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Enphase EnergyENPH
6%-1.8pp

Other financials

Income statement

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Revenue$17.4M+104%
Gross profit$5.4M+114%
Operating income-$24.7M+12.4%
Net income-$29.7M+15.0%
EPS (diluted)-$0.18+18.2%

Balance sheet

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Cash & equivalents$148.0M+155%
Total debt$244.9M+288%
Total equity$6.9M-92.4%
Total assets$370.5M+48.9%

Cash flow

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Operating cash flow-$30.6M-299%
CapEx$9.1M+8.8%
Free cash flow-$39.7M

Valuation

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Market cap$632.53M+185%
Enterprise value$729.44M+221%
P/S2.8×-1.5×

Profitability

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Gross margin22.5%+2.2pp
Operating margin-32.8%-15.2pp
Net margin-48.6%-22.0pp
FCF margin-64.1%

Returns & leverage

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Return on equity-225.9%-1,190pp
Debt / equity35.7×+35.0×
Current ratio1.2×+0.5×

Where this comes from

Calculated from Energy Vault Holdings’s reported figures.

Based on trailing twelve months.

The source filing: Energy Vault Holdings’s 10-Q, filed August 11, 2026. Open the filing →

Filed
Aug 11, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001828536-26-000101

FAQ

What is Energy Vault Holdings's return on invested capital?
Energy Vault Holdings (NRGV) reported return on invested capital of -74.5% in Q2 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 47.2% year-over-year, from -141.2% to -74.5%.
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.

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