# Energy Vault Holdings Inc. (NRGV) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Utilities / Electric Utilities. Price $3.84, market value $698 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: 3.1×**. Each dollar of revenue is priced at 3.1×.
- **Price / book: 101.1×**. The shares trade at 101.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -20.7%** (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.
- **Altman Z-score: 2.04**. A Z-score of 2.04 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

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

## Price and momentum
- **Total return (1 yr): 85.5%** (YTD -16.7%, 3-mo -29.8%). The shares are up 85.5% over twelve months including dividends.
- **From 52-week high: -42.2%** (122.0% above the low). Trading 42% 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): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 2.90** (volatility 106%). Beta of 2.90 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.