# Energy Vault Holdings Inc. (NRGV) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Utilities / Electric Utilities. Price $3.21, market value $584 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Energy Vault Holdings Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 2.6×**. Each dollar of revenue is priced at 2.6×.
- **Price / book: 84.5×**. The shares trade at 84.5× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -24.8%** (5-yr avg -20.2%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 22.5%**. Energy Vault Holdings Inc. keeps 22.5% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -32.8%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -50.9%**. The company reported a net loss over the last twelve months.
- **Return on equity: -153.6%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -56.5%**. Return on all capital, debt included, is -56.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -35.1%**. Each dollar of assets produces -35.1% of profit.

## Growth
- **Revenue growth (1 yr): 340.9%** (3-yr 11.8%/yr). Revenue grew 340.9% over the last year.
- **EPS growth (1 yr): 28.6%**. Earnings per share rose 28.6%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.40**. Debt is 1.40 times equity, a leveraged balance sheet, which is normal for utilities.
- **Net debt / EBITDA: net cash**. Energy Vault Holdings Inc. holds more cash than debt.
- **Current ratio: 0.73** (quick 0.73). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.56**. A Z-score of 1.56 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Energy Vault Holdings Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (5 analysts). 5 analysts cover Energy Vault Holdings Inc.; the consensus is buy, with an average price target of $5.96 (+86% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -16.7%** (YTD -36.0%, 3-mo -3.3%). The shares are down 16.7% over twelve months including dividends.
- **From 52-week high: -51.7%** (30.5% above the low). Trading 52% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 3.18** (volatility 103%). Beta of 3.18 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NRGV · Page: https://foliofundamentals.com/stocks/nrgv

Not investment advice.