FLNC vs EOSE vs ELVA Stock Comparison

Fluence Energy, Eos Energy Enterprises and Electrovaya Prices as of Oct 28, 2026 Peers: Industry group
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FLNC Fluence Energy, Inc.
$6.19 -17.5% 1M -65.8% 1Y
Market cap
$1.14B
P/E
–
Revenue (TTM)
$2.63B
Div. yield
–
Energy Storage Industrials
1 win
ELVA Electrovaya Inc.
$5.75 -6.2% 1M -6.5% 1Y
Market cap
$242.13M
P/E
51.0x
Revenue (TTM)
$71.82M
Div. yield
–
Energy Storage Industrials
5 wins

Head to Head

8 decided of 12

Electrovaya leads on 5 of the 12 questions below (Electrovaya 5, Eos Energy Enterprises 2, Fluence Energy 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFLNCEOSEELVALeader
Larger companyMarket capitalisation $1.14B $664.15M $242.13M FLNC
Cheaper on earningsLower P/E, profitable companies only -10.6x -0.6x 51.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 63.9x –
Faster revenue growthRevenue growth, trailing twelve months +7.5% +533.9% +30.9% EOSE
More profitableNet margin, trailing twelve months -3.1% -546.5% 6.1% ELVA
Better return on capitalReturn on invested capital — — 3.4% –
Less leveragedLower net debt / EBITDA — -1.1x 4.9x EOSE
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -65.8% -87.0% -6.5% ELVA
Better 5-year returnAnnualised price return, 5 years -29.5%/yr -28.7%/yr +3.2%/yr ELVA
Less volatileAnnualised volatility, 1 year 115.0% 120.0% 94.8% ELVA
Higher overall scoreMean of the five percentile scores vs peers 54/100 15/100 76/100 ELVA

Percentile Scorecard

FLNCEOSEELVA

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

AxisFLNCEOSEELVA
Valuation 65 #22 of 61 3 #59 of 61 70 #19 of 61
Growth 56 #26 of 58 26 #43 of 58 95 #4 of 58
Profitability 69 #18 of 55 17 #46 of 55 76 #14 of 55
Financial Health 27 #52 of 71 29 #51 of 71 56 #32 of 71
Shareholder Returns 54 #14 of 29 0 #29 of 29 86 #5 of 29
Overall 54 15 76
  • FLNC ranked among 71 companies in Clean Energy Equipment
  • EOSE ranked among 71 companies in Clean Energy Equipment
  • ELVA ranked among 71 companies in Clean Energy Equipment

Price Performance

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

Returns

PeriodFLNCEOSEELVASPY
1 month -17.5%-36.5%-6.2% +0.9%
3 months -47.9%-37.9%-25.0% +5.9%
6 months -47.7%-69.2%-36.1% +8.5%
Year to date -68.7%-83.0%-27.2% +13.3%
1 year -65.8%-87.0%-6.5% +12.4%
3 years -64.1%+25.8%+102.6% +88.1%
3 years, per year -29.0%+8.0%+26.6% +23.5%
5 years -82.6%-81.5%+17.3% +68.2%
5 years, per year -29.5%-28.7%+3.2% +11.0%
10 years ——-49.6% +263.4%
10 years, per year ——-6.6% +13.8%

Risk

MeasureFLNCEOSEELVASPY
Volatility, 1Y 115.0%120.0%94.8% 12.7%
Downside volatility, 1Y 113.2%124.5%91.2% 12.7%
Beta vs S&P 500, 1Y 4.134.133.46 1.00
Return / volatility, 1Y -0.57-0.73-0.07 0.98
Max drawdown, 5Y -90.4%-94.6%-64.2% -25.4%
From 52-week high -80.8%-89.8%-53.1% -0.9%
52-week high $32.23$19.19$12.26 $779.14
52-week low $5.50$1.62$4.23 $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.

MultipleFLNCEOSEELVA
P/E now vs peer median -10.6xmedian 29.4x -0.6xmedian 29.4x 51.0xmedian 29.4x
P/S now vs peer median 0.4xmedian 2.6x 3.1xmedian 2.6x 3.4xmedian 2.6x
EV/EBITDA now vs peer median 19.4xmedian 18.4x -3.4xmedian 18.4x 52.1xmedian 18.4x
P/FCF now vs peer median -9.9xmedian 24.4x -1.6xmedian 24.4x 64.0xmedian 24.4x
P/B now vs peer median 2.6xmedian 1.8x -0.6xmedian 1.8x 3.6xmedian 1.8x
PEG now vs peer median -0.73median 1.07 0.08median 1.07 —median 1.07

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 monthsFLNCEOSEELVA
Revenue $2.63B $214.25M $71.82M
Gross profit $245.82M -$181.57M $23.70M
Operating income -$4.58M -$305.61M $6.72M
Net income -$112.04M -$528.67M $4.41M
Free cash flow -$115.33M -$420.19M $3.78M
R&D $84.24M $35.73M $4.26M
EPS (diluted) $-0.59 $-3.45 –
Cash & equivalents $339.33M $305.49M $13.08M
Total debt – $617.12M $38.27M
Shares (diluted) 138.13M 339.80M –
Enterprise value -$669.46M -$678.72M $179.63M

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
MetricFLNCEOSEELVA
P/E -10.6x -0.6x 51.0x
P/FCF -9.9x -1.6x 64.0x
P/Operating cash flow -11.3x -2.2x -29.0x
P/S 0.4x 3.1x 3.4x
P/B 2.6x -0.6x 3.6x
P/Tangible book 3.1x -0.6x 3.6x
EV/EBITDA 19.4x -3.4x 52.1x
EV/EBIT -175.6x -3.2x 39.8x
EV/Revenue 0.3x 4.6x 3.7x
EV/FCF -7.0x -2.3x 70.6x
EV/Operating cash flow -8.0x -3.2x -32.1x
PEG (3Y EPS CAGR) -0.73 0.08 –

Growth

14 metrics
MetricFLNCEOSEELVA
Revenue growth (1Y) 7.5% 533.9% 30.9%
Revenue CAGR (3Y) 9.8% 129.1% 31.3%
Gross profit growth (1Y) -20.8% -74.8% 45.1%
Gross profit CAGR (3Y) 48.3% -21.5% 43.3%
Operating income growth (1Y) -106.8% -37.8% 159.9%
Operating income CAGR (3Y) 67.1% -18.2% 52.9%
Net income growth (1Y) -360.6% 35.4% 267.2%
Net income CAGR (3Y) 12.2% -16.9% 38.9%
EPS growth (1Y) -483.8% 19.6% –
EPS CAGR (3Y) 14.5% -6.9% –
Operating cash flow growth (1Y) 74.8% -69.0% -26.6%
Operating cash flow CAGR (3Y) 35.9% -18.4% –
Free cash flow growth (1Y) 72.1% -93.6% 145.4%
Free cash flow CAGR (3Y) 33.3% -27.2% –

Profitability

14 metrics
MetricFLNCEOSEELVA
Gross margin 9.3% -84.7% 33.0%
EBITDA margin 1.6% -133.3% 7.1%
Operating margin -0.2% -142.6% 9.3%
Pretax margin -3.6% -246.7% 9.3%
Net margin -3.1% -546.5% 6.1%
FCF margin -4.4% -196.1% 5.3%
Operating cash flow margin -3.8% -143.7% -11.6%
Return on equity -25.2% – 9.8%
Return on assets -4.5% -62.0% 5.7%
Return on invested capital – – 3.4%
Return on capital employed -0.6% -44.0% 6.6%
Asset turnover 1.1x 0.3x 0.6x
Cash conversion (OCF / net income) 0.9x 0.6x -1.9x
Stock comp / revenue 0.7% 10.4% 4.6%

Financial Health

11 metrics
MetricFLNCEOSEELVA
Debt / assets – 68.1% 32.3%
Debt / equity – -0.6x 0.6x
Net debt / EBITDA – -1.1x 4.9x
Debt / FCF – -1.5x 10.1x
Liabilities / assets 83.5% 213.7% 43.3%
Equity / assets 16.5% -113.7% 56.7%
Interest coverage – -7.9x 18.8x
Current ratio 1.3x 3.3x 7.5x
Quick ratio 0.6x 2.1x 4.3x
Cash ratio 0.2x 1.9x 1.3x
Altman Z-score 1.43 -3.75 2.83

Shareholder Returns

7 metrics
MetricFLNCEOSEELVA
Dividend yield – – –
Net buyback yield -0.3% -86.1% 1.7%
Shareholder yield -0.3% -86.1% 1.7%
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.

ConsensusFLNCEOSEELVA
Forward P/E – – 63.9xFY2026
EPS, next fiscal year $-1.18FY2026 $-1.29FY2026 $0.09FY2026
EPS growth, next FY – – 0.0%FY2026
EPS growth, the year after – – +133.3%
Revenue, next fiscal year $2.49BFY2026 $317.26MFY2026 $74.36MFY2026
Revenue growth, next FY +10.0%FY2026 +177.8%FY2026 +16.5%FY2026
Revenue growth, the year after +17.1% +87.9% +44.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFLNCEOSEELVA
Held by institutions 90.9% 67.1% 37.1%
Institutions holding 302 350 94
Change in shares held, QoQ +0.9% +11.3% +4.8%
Institutions buying 188 214 52
Institutions selling 84 101 26
Buyers to sellers 2.24 2.12 2.00

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.

FLNCEOSEELVA
FLNC 1.00 0.47 0.33
EOSE 0.47 1.00 0.40
ELVA 0.33 0.40 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, FLNC, EOSE and ELVA?

Fluence Energy (FLNC) is the largest by market capitalisation: Fluence Energy (FLNC) $1.14B, Eos Energy Enterprises (EOSE) $664.15M, Electrovaya (ELVA) $242.13M.

Which company is growing faster?

Eos Energy Enterprises (EOSE) grew revenue fastest over the trailing twelve months: Fluence Energy (FLNC) +7.5%, Eos Energy Enterprises (EOSE) +533.9%, Electrovaya (ELVA) +30.9%.

Which company is more profitable?

Electrovaya (ELVA) has the highest net margin (Fluence Energy (FLNC) -3.1%, Eos Energy Enterprises (EOSE) -546.5%, Electrovaya (ELVA) 6.1%).

Which stock has performed better?

Over the past year Electrovaya (ELVA) returned the most: Fluence Energy (FLNC) -65.8%, Eos Energy Enterprises (EOSE) -87.0%, Electrovaya (ELVA) -6.5%. Over five years, Electrovaya (ELVA) compounded fastest (Fluence Energy (FLNC) -29.5%/yr, Eos Energy Enterprises (EOSE) -28.7%/yr, Electrovaya (ELVA) +3.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Electrovaya (ELVA) has been the steadiest (Fluence Energy (FLNC) 115.0%, Eos Energy Enterprises (EOSE) 120.0%, Electrovaya (ELVA) 94.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FLNC, EOSE and ELVA?

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 5. 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.