Dragonfly Energy Holdings (DFLI) FCF Margin (2022 - 2025)
Dragonfly Energy Holdings' FCF Margin came in at -113.82% for Q4 2025, down 85.18 percentage points from -28.64% a year earlier and down 91.48 percentage points from the prior quarter.
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Analysis
Dragonfly Energy Holdings (DFLI) FCF Margin (2022 - 2025) Analysis & Trends
For FY2025, Dragonfly Energy Holdings' FCF Margin was -47.62%, down 28.12 percentage points from FY2024.
- FCF Margin carries a four-year change of -26.41 percentage points (FY2021 to FY2025).
- Going back by year, FCF Margin was -19.50% in FY2024 (+18.69 pp), -38.19% in FY2023 (+22.75 pp), -60.94% in FY2022 (-39.73 pp) and -21.21% in FY2021.
- The Q4 2025 figure represents the lowest quarterly FCF Margin in data going back to Q1 2022.
- Year-over-year, FCF Margin increased in two of the last eight quarters, with an average year-over-year change of -6.36 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q3 2024 (a gain of 113.10 percentage points), and the weakest in Q4 2025 (a drop of 85.18 percentage points).
- Business Quant data shows DFLI's FCF Margin at -22.34% (Q3 2025), -25.83% (Q2 2025) and -39.60% (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 45.98% |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 16.41% |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | -28.99% |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 12.75% |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 5.36% |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | 11.25% |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | 23.27% |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 8.88% |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 18.03% |
| 10 | Dragonfly Energy Holdings | 4.11 Mn | -23.53 Mn | 2.38 Mn | -113.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -113.82% |
| Sep 30, 2025 | -22.34% |
| Jun 30, 2025 | -25.83% |
| Mar 31, 2025 | -39.60% |
| Dec 31, 2024 | -28.64% |
| Sep 30, 2024 | 18.55% |
| Jun 30, 2024 | -34.24% |
| Mar 31, 2024 | -33.68% |
| Dec 31, 2023 | -13.00% |
| Sep 30, 2023 | -94.56% |
| Jun 30, 2023 | -19.63% |
| Mar 31, 2023 | -23.56% |
| Dec 31, 2022 | -107.78% |
| Sep 30, 2022 | -23.15% |
| Jun 30, 2022 | -42.07% |
| Mar 31, 2022 | -85.42% |
API Access
Dragonfly Energy Holdings FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=DFLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "DFLI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=DFLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();