Energy Vault Holdings, Inc. (NRGV) intrinsic value & 10-year financials
Energy Vault Holdings, Inc. (NRGV) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 6 fiscal years revenue grew 11.8% a year to $203.7M, with an average return on invested capital of -95.8%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.84
- Market cap
- $455.9M
- Revenue (FY2025)
- $203.7M
- Revenue growth (6-yr CAGR)
- 11.8%
- ROIC (10-yr avg)
- -95.8%
- Free cash flow (FY2025)
- -$46.7M
NRGV 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $203.7M | -$103.6M | -$0.65 | -$46.7M | -36.5% | -72.4% |
| FY2024 | $46.2M | -$135.8M | -$0.91 | -$114.7M | -281.4% | -120.9% |
| FY2023 | $341.5M | -$98.4M | -$0.69 | -$123.1M | -31.3% | -106.1% |
| FY2022 | $145.9M | -$78.3M | -$0.64 | -$25.7M | -43.2% | -186.7% |
| FY2021 | $0 | -$3.3M | -$0.25 | -$1.3M | — | 7.0% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Energy Vault Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Energy Vault Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -58.9% ROIC.
Energy Vault Holdings, 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, Energy Vault Holdings, Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-13.74 per share.