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Fluence Energy Valuation Multiples
Discover revenue and EBITDA valuation multiples for Fluence Energy and similar public comparables like Expro, Enerya, Nofar Energy, Aker Solutions and more.
Fluence Energy Overview
About Fluence Energy
Fluence Energy Inc provides intelligent energy storage and optimization software for renewables and storage. Its energy storage solutions and operational services support a more resilient grid and help unlock the potential of renewable portfolios. The company’s offerings include energy storage solutions, recurring operational and maintenance services, and Software-as-a-Service (SaaS) products designed to meet customer business needs, performance requirements, in-house capabilities, and risk profiles. Its service plans offer varying levels of training, maintenance, guarantees, warranties, and support for active system management. The company operates in the Americas, APAC and EMEA, with the majority of revenue coming from the Americas.
Founded
2021
HQ
Employees
1.7K
Website
Financials (LTM)
EV
$2B
Fluence Energy Financials
Fluence Energy reported last 12-month revenue of $3B and EBITDA of $33M.
In the same LTM period, Fluence Energy generated $342M in gross profit, $33M in EBITDA, and had net loss of ($33M).
Revenue (LTM)
Fluence Energy P&L
In the most recent fiscal year, Fluence Energy reported revenue of $2B and EBITDA of $19M.
Fluence Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $342M | XXX | $296M | XXX | XXX | XXX |
| Gross Margin | 12% | XXX | 13% | XXX | XXX | XXX |
| EBITDA | $33M | XXX | $19M | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| EBIT Margin | (1%) | XXX | (2%) | XXX | XXX | XXX |
| Net Profit | ($33M) | XXX | ($48M) | XXX | XXX | XXX |
| Net Margin | (1%) | XXX | (2%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Fluence Energy Stock Performance
Fluence Energy has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Fluence Energy's stock price is $15.12.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 0.0% | XXX | XXX | XXX | $-0.36 |
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Start Free TrialFluence Energy Valuation Multiples
Fluence Energy trades at 0.7x EV/Revenue multiple, and 58.6x EV/EBITDA.
EV / Revenue (LTM)
Fluence Energy Financial Valuation Multiples
As of March 19, 2026, Fluence Energy has market cap of $2B and EV of $2B.
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 (61.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | 58.6x | XXX | 99.8x | XXX | XXX | XXX |
| EV/EBIT | (65.1x) | XXX | (42.2x) | XXX | XXX | XXX |
| EV/Gross Profit | 5.7x | XXX | 6.6x | XXX | XXX | XXX |
| P/E | (61.5x) | XXX | (41.4x) | XXX | XXX | XXX |
| EV/FCF | (11.7x) | XXX | (11.8x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Fluence Energy 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.
Fluence Energy Margins & Growth Rates
Fluence Energy's revenue in the last 12 month grew by 33%.
Fluence Energy's revenue per employee in the last FY averaged $1.7M.
Fluence Energy's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Fluence Energy's rule of X is 84% (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).
Fluence Energy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 33% | XXX | 49% | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Growth | 157% | XXX | 151% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 84% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 7% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Fluence Energy Public Comps
See public comps and valuation multiples for other Energy Services and Energy Storage comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Expro | XXX | XXX | XXX | XXX | XXX | XXX |
| Enerya | XXX | XXX | XXX | XXX | XXX | XXX |
| Nofar Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Aker Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Viva Energy Australia | 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.
Fluence Energy M&A Activity
Fluence Energy acquired XXX companies to date.
Last acquisition by Fluence Energy was on XXXXXXXX, XXXXX. Fluence Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Fluence Energy
| 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 TrialFluence Energy Investment Activity
Fluence Energy invested in XXX companies to date.
Fluence Energy made its latest investment on XXXXXXXX, XXXXX. Fluence Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Fluence Energy
| 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 Fluence Energy
| When was Fluence Energy founded? | Fluence Energy was founded in 2021. |
| Where is Fluence Energy headquartered? | Fluence Energy is headquartered in United States. |
| How many employees does Fluence Energy have? | As of today, Fluence Energy has over 1K employees. |
| Who is the CEO of Fluence Energy? | Fluence Energy's CEO is Julian Nebreda. |
| Is Fluence Energy publicly listed? | Yes, Fluence Energy is a public company listed on Nasdaq. |
| What is the stock symbol of Fluence Energy? | Fluence Energy trades under FLNC ticker. |
| When did Fluence Energy go public? | Fluence Energy went public in 2021. |
| Who are competitors of Fluence Energy? | Fluence Energy main competitors are Expro, Enerya, Nofar Energy, Aker Solutions. |
| What is the current market cap of Fluence Energy? | Fluence Energy's current market cap is $2B. |
| What is the current revenue of Fluence Energy? | Fluence Energy's last 12 months revenue is $3B. |
| What is the current revenue growth of Fluence Energy? | Fluence Energy revenue growth (NTM/LTM) is 33%. |
| What is the current EV/Revenue multiple of Fluence Energy? | Current revenue multiple of Fluence Energy is 0.7x. |
| Is Fluence Energy profitable? | Yes, Fluence Energy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Fluence Energy? | Fluence Energy's last 12 months EBITDA is $33M. |
| What is Fluence Energy's EBITDA margin? | Fluence Energy's last 12 months EBITDA margin is 1%. |
| What is the current EV/EBITDA multiple of Fluence Energy? | Current EBITDA multiple of Fluence Energy is 58.6x. |
| What is the current FCF of Fluence Energy? | Fluence Energy's last 12 months FCF is ($166M). |
| What is Fluence Energy's FCF margin? | Fluence Energy's last 12 months FCF margin is (6%). |
| What is the current EV/FCF multiple of Fluence Energy? | Current FCF multiple of Fluence Energy is (11.7x). |
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