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Energy Vault Valuation Multiples
Discover revenue and EBITDA valuation multiples for Energy Vault and similar public comparables like Akfen Yenilenebilir Enerji, ITM Power, Sterling and Wilson, Girisim Elektrik and more.
Energy Vault Overview
About Energy Vault
Energy Vault Holdings Inc is a grid-scale energy storage company that is driving a faster transition to renewable power by solving the intermittence issues that are inherent to the prevalent sources of renewable energy, solar and wind. Geographical presence in United States, China and Other. Majority of its revenue comes from U.S.
Founded
2020
HQ
Employees
163
Website
Financials (LTM)
EV
$575M
Energy Vault Financials
Energy Vault reported last 12-month revenue of $209M and negative EBITDA of ($26M).
In the same LTM period, Energy Vault generated $46M in gross profit, ($26M) in EBITDA losses, and had net loss of ($74M).
Revenue (LTM)
Energy Vault P&L
In the most recent fiscal year, Energy Vault reported revenue of $46M and EBITDA of ($60M).
Energy Vault expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $209M | XXX | $46M | XXX | XXX | XXX |
| Gross Profit | $46M | XXX | $6M | XXX | XXX | XXX |
| Gross Margin | 22% | XXX | 13% | XXX | XXX | XXX |
| EBITDA | ($26M) | XXX | ($60M) | XXX | XXX | XXX |
| EBITDA Margin | (12%) | XXX | (130%) | XXX | XXX | XXX |
| EBIT Margin | (33%) | XXX | (281%) | XXX | XXX | XXX |
| Net Profit | ($74M) | XXX | ($136M) | XXX | XXX | XXX |
| Net Margin | (36%) | XXX | (294%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Energy Vault Stock Performance
Energy Vault has current market cap of $545M, and enterprise value of $575M.
Market Cap Evolution
Energy Vault's stock price is $3.25.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $575M | $545M | 0.0% | XXX | XXX | XXX | $-0.81 |
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Start Free TrialEnergy Vault Valuation Multiples
Energy Vault trades at 2.8x EV/Revenue multiple, and (22.3x) EV/EBITDA.
EV / Revenue (LTM)
Energy Vault Financial Valuation Multiples
As of March 17, 2026, Energy Vault has market cap of $545M and EV of $575M.
Equity research analysts estimate Energy Vault's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Energy Vault has a P/E ratio of (7.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $545M | XXX | $545M | XXX | XXX | XXX |
| EV (current) | $575M | XXX | $575M | XXX | XXX | XXX |
| EV/Revenue | 2.8x | XXX | 12.4x | XXX | XXX | XXX |
| EV/EBITDA | (22.3x) | XXX | (9.6x) | XXX | XXX | XXX |
| EV/EBIT | (8.5x) | XXX | (4.4x) | XXX | XXX | XXX |
| EV/Gross Profit | 12.5x | XXX | 93.0x | XXX | XXX | XXX |
| P/E | (7.4x) | XXX | (4.0x) | XXX | XXX | XXX |
| EV/FCF | 34.9x | XXX | (5.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Energy Vault Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Energy Vault Margins & Growth Rates
Energy Vault's revenue in the last 12 month grew by 28%.
Energy Vault's revenue per employee in the last FY averaged $1.3M.
Energy Vault's rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Energy Vault's rule of X is 57% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Energy Vault Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 28% | XXX | 330% | XXX | XXX | XXX |
| EBITDA Margin | (12%) | XXX | (130%) | XXX | XXX | XXX |
| EBITDA Growth | (74%) | XXX | (51%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 15% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 57% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | 34% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 28% | XXX | 136% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | 56% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 294% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Energy Vault Public Comps
See public comps and valuation multiples for other Energy Equipment and Energy Storage comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Akfen Yenilenebilir Enerji | XXX | XXX | XXX | XXX | XXX | XXX |
| ITM Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Sterling and Wilson | XXX | XXX | XXX | XXX | XXX | XXX |
| Girisim Elektrik | XXX | XXX | XXX | XXX | XXX | XXX |
| Kalyon Güneş Teknolojileri | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Energy Vault M&A Activity
Energy Vault acquired XXX companies to date.
Last acquisition by Energy Vault was on XXXXXXXX, XXXXX. Energy Vault acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Energy Vault
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialEnergy Vault Investment Activity
Energy Vault invested in XXX companies to date.
Energy Vault made its latest investment on XXXXXXXX, XXXXX. Energy Vault invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Energy Vault
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Energy Vault
| When was Energy Vault founded? | Energy Vault was founded in 2020. |
| Where is Energy Vault headquartered? | Energy Vault is headquartered in United States. |
| How many employees does Energy Vault have? | As of today, Energy Vault has over 163 employees. |
| Who is the CEO of Energy Vault? | Energy Vault's CEO is Robert Piconi. |
| Is Energy Vault publicly listed? | Yes, Energy Vault is a public company listed on NYSE. |
| What is the stock symbol of Energy Vault? | Energy Vault trades under NRGV ticker. |
| When did Energy Vault go public? | Energy Vault went public in 2022. |
| Who are competitors of Energy Vault? | Energy Vault main competitors are Akfen Yenilenebilir Enerji, ITM Power, Sterling and Wilson, Girisim Elektrik. |
| What is the current market cap of Energy Vault? | Energy Vault's current market cap is $545M. |
| What is the current revenue of Energy Vault? | Energy Vault's last 12 months revenue is $209M. |
| What is the current revenue growth of Energy Vault? | Energy Vault revenue growth (NTM/LTM) is 28%. |
| What is the current EV/Revenue multiple of Energy Vault? | Current revenue multiple of Energy Vault is 2.8x. |
| Is Energy Vault profitable? | No, Energy Vault is not profitable. |
| What is the current EBITDA of Energy Vault? | Energy Vault has negative EBITDA and is not profitable. |
| What is Energy Vault's EBITDA margin? | Energy Vault's last 12 months EBITDA margin is (12%). |
| What is the current EV/EBITDA multiple of Energy Vault? | Current EBITDA multiple of Energy Vault is (22.3x). |
| What is the current FCF of Energy Vault? | Energy Vault's last 12 months FCF is $16M. |
| What is Energy Vault's FCF margin? | Energy Vault's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Energy Vault? | Current FCF multiple of Energy Vault is 34.9x. |
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