Fluence Energy, Inc. (FLNC) intrinsic value & 10-year financials
Fluence Energy, Inc. (FLNC) has a Graham intrinsic value of $4.32 per share. At $5.80 on Oct 17, 2026, the stock trades 34% above that value. Over the last 7 fiscal years revenue grew 32.2% a year to $2.3B, with an average return on invested capital of -32.3%.
- Graham intrinsic value
- $4.32
- Share price (Oct 17, 2026)
- $5.80
- Price vs Graham value
- 34% above
- Market cap
- $755.8M
- Revenue (FY2025)
- $2.3B
- Revenue growth (7-yr CAGR)
- 32.2%
- ROIC (10-yr avg)
- -32.3%
- Free cash flow (FY2025)
- -$160.4M
FLNC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.3B | -$48.3M | -$0.37 | -$160.4M | — | 49.1% |
| FY2024 | $2.7B | $22.7M | $0.13 | $71.6M | — | 27.1% |
| FY2023 | $2.2B | -$69.6M | -$0.60 | -$114.9M | — | -74.1% |
| FY2022 | $1.2B | -$104.5M | -$1.50 | -$290.3M | — | -131.4% |
| FY2021 | $680.8M | -$162.0M | — | -$269.6M | — | — |
| FY2020 | $561.3M | -$46.7M | — | -$15.8M | — | — |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Fluence Energy, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Fluence Energy, Inc. has historically struggled to out-earn its cost of capital, averaging just -32.3% ROIC.
Fluence Energy, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Fluence Energy, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.32 per share.