ELVA vs NRGV vs AMRC Stock Comparison

Electrovaya, Energy Vault Holdings and Ameresco Prices as of Oct 29, 2026 Peers: Industry group
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ELVA Electrovaya Inc.
$5.63 -11.3% 1M -13.3% 1Y
Market cap
$208.67M
P/E
47.3x
Revenue (TTM)
$71.82M
Div. yield
–
Energy Storage Industrials
4 wins
AMRC Ameresco, Inc.
$21.03 0.0% 1M -46.8% 1Y
Market cap
$1.06B
P/E
–
Revenue (TTM)
—
Div. yield
–
Engineering and Construction Industrials
3 wins

Head to Head

10 decided of 12

Electrovaya leads on 4 of the 12 questions below (Electrovaya 4, Ameresco 3, Energy Vault Holdings 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionELVANRGVAMRCLeader
Larger companyMarket capitalisation $208.67M $546.78M $1.06B AMRC
Cheaper on earningsLower P/E, profitable companies only 47.3x -5.0x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 62.6x — 15.9x AMRC
Faster revenue growthRevenue growth, trailing twelve months +30.9% +336.8% — NRGV
More profitableNet margin, trailing twelve months 6.1% -48.6% — ELVA
Better return on capitalReturn on invested capital 3.4% -32.8% — ELVA
Less leveragedLower net debt / EBITDA 4.9x -2.2x — NRGV
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -13.3% +0.6% -46.8% NRGV
Better 5-year returnAnnualised price return, 5 years +2.8%/yr -20.0%/yr -23.9%/yr ELVA
Less volatileAnnualised volatility, 1 year 94.7% 103.3% 68.4% AMRC
Higher overall scoreMean of the five percentile scores vs peers 77/100 34/100 — ELVA

Percentile Scorecard

ELVANRGVAMRC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisELVANRGVAMRC
Valuation 72 #18 of 62 28 #45 of 62 –
Growth 97 #3 of 59 53 #28 of 59 –
Profitability 76 #14 of 55 37 #35 of 55 –
Financial Health 56 #32 of 72 18 #59 of 72 25 #43 of 57
Shareholder Returns 86 #5 of 29 36 #19 of 29 –
Overall 77 34 –
  • ELVA ranked among 72 companies in Clean Energy Equipment
  • NRGV ranked among 72 companies in Clean Energy Equipment
  • AMRC ranked among 57 companies in Construction Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodELVANRGVAMRCSPY
1 month -11.3%-17.4%0.0% +0.7%
3 months -34.2%+15.9%+1.8% +3.7%
6 months -39.2%-28.9%-28.9% +7.1%
Year to date -28.7%-28.9%-28.2% +12.8%
1 year -13.3%+0.6%-46.8% +11.9%
3 years +101.9%+75.4%-23.9% +85.2%
3 years, per year +26.4%+20.6%-8.7% +22.8%
5 years +14.8%-67.2%-74.4% +67.6%
5 years, per year +2.8%-20.0%-23.9% +10.9%
10 years -50.6%—+324.8% +262.0%
10 years, per year -6.8%—+15.6% +13.7%

Risk

MeasureELVANRGVAMRCSPY
Volatility, 1Y 94.7%103.3%68.4% 12.7%
Downside volatility, 1Y 90.9%108.0%69.6% 12.6%
Beta vs S&P 500, 1Y 3.473.293.11 1.00
Return / volatility, 1Y -0.140.01-0.68 0.94
Max drawdown, 5Y -64.2%-97.1%-91.1% -25.4%
From 52-week high -54.1%-49.5%-47.4% -1.2%
52-week high $12.26$6.49$40.00 $779.14
52-week low $4.23$2.51$18.32 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleELVANRGVAMRC
P/E now vs peer median 49.9xmedian 26.6x -5.3xmedian 26.6x —median 28.1x
P/S now vs peer median 3.3xmedian 2.6x 2.6xmedian 2.6x —median 0.8x
EV/EBITDA now vs peer median 51.1xmedian 18.9x -11.0xmedian 18.9x —median 12.7x
P/FCF now vs peer median 62.7xmedian 30.1x -4.1xmedian 30.1x —median 25.0x
P/B now vs peer median 3.5xmedian 1.9x 86.1xmedian 1.9x 1.0xmedian 2.5x
PEG now vs peer median —median 0.97 -0.75median 0.97 —median 0.60

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsELVANRGVAMRC
Revenue $71.82M $225.87M –
Gross profit $23.70M $50.76M –
Operating income $6.72M -$74.19M –
Net income $4.41M -$109.74M –
Free cash flow $3.78M -$144.74M –
R&D $4.26M $11.87M –
EPS (diluted) – $-0.62 –
Cash & equivalents $13.08M $93.04M $71.79M
Total debt $38.27M $243.01M $6.70B
Shares (diluted) – 178.39M 53.37M
Enterprise value $146.18M $307.53M $741.08M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricELVANRGVAMRC
P/E 49.9x -5.3x –
P/FCF 62.7x -4.1x –
P/Operating cash flow -28.4x -5.8x –
P/S 3.3x 2.6x –
P/B 3.5x 86.1x 1.0x
P/Tangible book 3.5x -1,746x 1.0x
EV/EBITDA 51.1x -11.0x –
EV/EBIT 39.1x -10.0x –
EV/Revenue 3.7x 3.3x –
EV/FCF 69.3x -5.1x –
EV/Operating cash flow -31.5x -7.2x –
PEG (3Y EPS CAGR) – -0.75 –

Growth

14 metrics
MetricELVANRGVAMRC
Revenue growth (1Y) 30.9% 336.8% –
Revenue CAGR (3Y) 31.3% 13.8% –
Gross profit growth (1Y) 45.1% 385.2% –
Gross profit CAGR (3Y) 43.3% 31.4% –
Operating income growth (1Y) 159.9% 41.4% –
Operating income CAGR (3Y) 52.9% 15.6% –
Net income growth (1Y) 267.2% 24.1% –
Net income CAGR (3Y) 38.9% -0.1% –
EPS growth (1Y) – 33.2% –
EPS CAGR (3Y) – 7.1% –
Operating cash flow growth (1Y) -26.6% -227.0% –
Operating cash flow CAGR (3Y) – -5.1% –
Free cash flow growth (1Y) 145.4% -71.5% –
Free cash flow CAGR (3Y) – -9.9% –

Profitability

14 metrics
MetricELVANRGVAMRC
Gross margin 33.0% 22.5% –
EBITDA margin 7.1% -29.8% –
Operating margin 9.3% -32.8% –
Pretax margin 9.3% -45.9% –
Net margin 6.1% -48.6% –
FCF margin 5.3% -64.1% –
Operating cash flow margin -11.6% -45.4% –
Return on equity 9.8% -588.1% –
Return on assets 5.7% -32.8% –
Return on invested capital 3.4% -32.8% –
Return on capital employed 6.6% -40.7% –
Asset turnover 0.6x 0.7x –
Cash conversion (OCF / net income) -1.9x 0.9x –
Stock comp / revenue 4.6% 13.2% –

Financial Health

11 metrics
MetricELVANRGVAMRC
Debt / assets 32.3% 65.6% 41.5%
Debt / equity 0.6x 35.4x 1.7x
Net debt / EBITDA 4.9x -2.2x –
Debt / FCF 10.1x -1.7x –
Liabilities / assets 43.3% 98.1% 75.3%
Equity / assets 56.7% 1.9% 24.7%
Interest coverage 18.8x -5.5x –
Current ratio 7.5x 1.2x 1.5x
Quick ratio 4.3x 0.8x 1.1x
Cash ratio 1.3x 0.6x 0.1x
Altman Z-score 2.77 -1.06 –

Shareholder Returns

7 metrics
MetricELVANRGVAMRC
Dividend yield – – –
Net buyback yield 1.7% -1.9% –
Shareholder yield 1.7% -1.9% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusELVANRGVAMRC
Forward P/E 62.6xFY2026 – 15.9xFY2026
EPS, next fiscal year $0.09FY2026 $-0.37FY2026 $1.32FY2026
EPS growth, next FY 0.0%FY2026 – +46.7%FY2026
EPS growth, the year after +133.3% – +24.2%
Revenue, next fiscal year $74.36MFY2026 $309.42MFY2026 $2.04BFY2026
Revenue growth, next FY +16.5%FY2026 +51.9%FY2026 +5.9%FY2026
Revenue growth, the year after +44.3% +54.4% +7.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELVANRGVAMRC
Held by institutions 37.1% 58.6% 65.5%
Institutions holding 95 174 184
Change in shares held, QoQ +4.8% +31.6% +13.3%
Institutions buying 52 120 103
Institutions selling 26 30 56
Buyers to sellers 2.00 4.00 1.84

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ELVANRGVAMRC
ELVA 1.00 0.37 0.43
NRGV 0.37 1.00 0.45
AMRC 0.43 0.45 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ELVA, NRGV and AMRC?

Ameresco (AMRC) is the largest by market capitalisation: Electrovaya (ELVA) $208.67M, Energy Vault Holdings (NRGV) $546.78M, Ameresco (AMRC) $1.06B.

Which company is growing faster?

Energy Vault Holdings (NRGV) grew revenue fastest over the trailing twelve months: Electrovaya (ELVA) +30.9%, Energy Vault Holdings (NRGV) +336.8%.

Which company is more profitable?

Electrovaya (ELVA) has the highest net margin (Electrovaya (ELVA) 6.1%, Energy Vault Holdings (NRGV) -48.6%). On return on invested capital, Electrovaya (ELVA) leads (Electrovaya (ELVA) 3.4%, Energy Vault Holdings (NRGV) -32.8%).

Which stock has performed better?

Over the past year Energy Vault Holdings (NRGV) returned the most: Electrovaya (ELVA) -13.3%, Energy Vault Holdings (NRGV) +0.6%, Ameresco (AMRC) -46.8%. Over five years, Electrovaya (ELVA) compounded fastest (Electrovaya (ELVA) +2.8%/yr, Energy Vault Holdings (NRGV) -20.0%/yr, Ameresco (AMRC) -23.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ameresco (AMRC) has been the steadiest (Electrovaya (ELVA) 94.7%, Energy Vault Holdings (NRGV) 103.3%, Ameresco (AMRC) 68.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ELVA, NRGV and AMRC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Electrovaya (ELVA) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.