Fluence Energy (FLNC) Invested Capital (2021 - 2025)
Fluence Energy (FLNC) recorded Invested Capital of $548.85 million in fiscal Q4 2025 (quarter ended Sep 30, 2025), down 13.9% from $637.5 million a year earlier but up 5.4% from the prior quarter.
Powered by 
Analysis
Fluence Energy (FLNC) Invested Capital (2021 - 2025) Analysis & Trends
Starting with fiscal Q4 2021, Fluence Energy's Invested Capital history includes 17 quarters.
- Across earlier fiscal years, Invested Capital came in at $637.5 million in FY2024 (+5.0%), $606.89 million in FY2023 (-3.5%), $629.21 million in FY2022 and -$73.43 million in FY2021.
- Quarterly Invested Capital has ranged from -$73.43 million in fiscal Q4 2021 to $778.1 million in fiscal Q1 2022 over the past five years.
- On a year-over-year basis, Invested Capital has declined for four consecutive quarters, with an average decline of 6.5% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 5.0% in fiscal Q4 2024, against a decline of 20.3% in fiscal Q1 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $520.84 million (Q3 2025), $499.06 million (Q2 2025) and $529.3 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 15.91 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 1.64 Bn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 10.36 Bn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 3.35 Bn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 4.21 Bn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | - |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 3.01 Bn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 1.75 Bn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 2.32 Bn |
| 10 | Fluence Energy | 1.42 Bn | -394.45 Mn | 33.24 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 548.85 Mn |
| Jun 30, 2025 | 520.84 Mn |
| Mar 31, 2025 | 499.06 Mn |
| Dec 31, 2024 | 529.30 Mn |
| Sep 30, 2024 | 637.50 Mn |
| Jun 30, 2024 | 591.89 Mn |
| Mar 31, 2024 | 590.78 Mn |
| Dec 31, 2023 | 590.78 Mn |
| Sep 30, 2023 | 606.89 Mn |
| Jun 30, 2023 | 594.95 Mn |
| Mar 31, 2023 | 589.60 Mn |
| Dec 31, 2022 | 620.16 Mn |
| Sep 30, 2022 | 629.21 Mn |
| Jun 30, 2022 | 671.08 Mn |
| Mar 31, 2022 | 725.46 Mn |
| Dec 31, 2021 | 778.10 Mn |
| Sep 30, 2021 | -73.43 Mn |
API Access
Fluence Energy Invested Capital 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=invested-capital&ticker=FLNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "FLNC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=FLNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();