Fluence Energy - Public Comps and Valuation Multiples

Fluence Energy Overview

About Fluence Energy

Fluence Energy Inc is enabling the global clean energy transition with market-leading energy storage products and services, and digital applications for renewables and storage. Geographically, it derives a majority of its revenue from the Americas.

Founded

2021

HQ

Employees

1.6K+

Website

fluenceenergy.com

Sectors

Energy Services
Energy Storage

Financials

LTM Revenue $2.6B

LTM EBITDA $13.5M

EV

$2.6B

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Fluence Energy Financials

As of September 2025, Fluence Energy reported last 12-month revenue of $2.6B and EBITDA of $13.5M.

In the same period, Fluence Energy generated $275M in LTM gross profit and -$47.0M in net income.

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Fluence Energy P&L

In the most recent fiscal year, Fluence Energy reported revenue of $2.7B and EBITDA of $41.1M.

Fluence Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$2.6B	XXX	$2.7B	XXX	XXX	XXX
Gross Profit	$275M	XXX	$341M	XXX	XXX	XXX
Gross Margin	10%	XXX	13%	XXX	XXX	XXX
EBITDA	$13.5M	XXX	$41.1M	XXX	XXX	XXX
EBITDA Margin	1%	XXX	2%	XXX	XXX	XXX
EBIT	-$47.5M	XXX	$26.6M	XXX	XXX	XXX
EBIT Margin	-2%	XXX	1%	XXX	XXX	XXX
Net Profit	-$47.0M	XXX	$22.7M	XXX	XXX	XXX
Net Margin	-2%	XXX	1%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Fluence Energy including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $2.6B. EBITDA for the last twelve months was $13.5M. In the most recent fiscal year, Fluence Energy achieved $2.7B in revenue and $41.1M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$2.6B	Analyst estimates available to subscribers	$2.7B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$275M	Analyst estimates available to subscribers	$341M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	10.4% gross margin	Analyst estimates available to subscribers	12.6% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$13.5M	Analyst estimates available to subscribers	$41.1M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	0.5% EBITDA margin	Analyst estimates available to subscribers	1.5% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	-$47.5M	Analyst estimates available to subscribers	$26.6M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	-1.8% EBIT margin	Analyst estimates available to subscribers	1.0% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	-$47.0M	Analyst estimates available to subscribers	$22.7M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	-1.8% net profit margin	Analyst estimates available to subscribers	0.8% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Fluence Energy

This financial data table provides comprehensive performance metrics for Fluence Energy, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Fluence Energy generated $2.6B in revenue over the last twelve months.
The company achieved $13.5M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $275M.
Net income over the last twelve months reached -$47.0M.

Fiscal Year Performance

In the most recent fiscal year, Fluence Energy reported $2.7B in total revenue.
Fiscal year EBITDA was $41.1M.
The company maintained a gross profit margin of 12.6% in the most recent fiscal year.
EBITDA margin for the fiscal year was 1.5%.
Net profit margin reached 0.8% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Fluence Energy. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Fluence Energy Stock Performance

Fluence Energy has current market cap of $2.7B, and EV of $2.6B.

Market Cap Evolution

Fluence Energy Stock Data

As of October 30, 2025, Fluence Energy's stock price is $20.

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$2.6B	$2.7B	XXX	XXX	XXX	XXX	$-0.25

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Fluence Energy Valuation Multiples

Fluence Energy's trades at 1.0x EV/Revenue multiple, and 78.6x EV/EBITDA.

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Fluence Energy Financial Valuation Multiples

As of October 30, 2025, Fluence Energy has market cap of $2.7B and EV of $2.6B.

Equity research analysts estimate Fluence Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Fluence Energy has a P/E ratio of -56.6x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$2.7B	XXX	$2.7B	XXX	XXX	XXX
EV (current)	$2.6B	XXX	$2.6B	XXX	XXX	XXX
EV/Revenue	1.0x	XXX	1.0x	XXX	XXX	XXX
EV/EBITDA	193.8x	XXX	78.6x	XXX	XXX	XXX
EV/EBIT	-55.0x	XXX	367.7x	XXX	XXX	XXX
EV/Gross Profit	9.5x	XXX	n/a	XXX	XXX	XXX
P/E	-56.6x	XXX	609.9x	XXX	XXX	XXX
EV/FCF	-8.0x	XXX	-61.1x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Fluence Energy Margins & Growth Rates

Fluence Energy's last 12 month revenue growth is 23%

Fluence Energy's revenue per employee in the last FY averaged $1.7M, while opex per employee averaged $0.2M for the same period.

Fluence Energy's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Fluence Energy's rule of X is 57% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Fluence Energy Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	23%	XXX	12%	XXX	XXX	XXX
EBITDA Margin	1%	XXX	1%	XXX	XXX	XXX
EBITDA Growth	359%	XXX	n/a	XXX	XXX	XXX
Rule of 40	20%	XXX	24%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	57%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$1.7M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.2M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	2%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	2%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	12%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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