Fluence Energy (FLNC) Return on Invested Capital [ROIC] (2021 - 2025)
Fluence Energy (FLNC) posted Return on Invested Capital [ROIC] of 8.69% for fiscal Q4 2025 (quarter ended Sep 30, 2025), down 4.04 percentage points from 12.73% a year earlier and down 4.42 percentage points from the prior quarter.
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Analysis
Fluence Energy (FLNC) Return on Invested Capital [ROIC] (2021 - 2025) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Fluence Energy's Return on Invested Capital [ROIC] came in at 5.93%, down 5.94 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a three-year change of +92.88 percentage points (FY2022 to FY2025).
- In prior fiscal years, Fluence Energy's Return on Invested Capital [ROIC] was 11.88% in FY2024 (+22.55 pp), -10.67% in FY2023 (+76.27 pp) and -86.94% in FY2022.
- Quarterly Return on Invested Capital [ROIC] has run from a low of -62.38% in fiscal Q1 2022 to a high of 13.11% in fiscal Q3 2025 over five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in seven of the last eight quarters, with an average year-over-year change of +15.03 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was fiscal Q1 2023, with a gain of 33.16 percentage points; the weakest was fiscal Q4 2025, with a drop of 4.04 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior fiscal quarters was 13.11% (Q3 2025), 12.12% (Q2 2025) and 0.00% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 10.65% |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 26.62% |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 16.76% |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 7.88% |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | - |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | 10.63% |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 13.79% |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | 5.27% |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 1.97% |
| 10 | Fluence Energy | 1.40 Bn | -407.37 Mn | 33.24 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 8.69% |
| Jun 30, 2025 | 13.11% |
| Mar 31, 2025 | 12.12% |
| Dec 31, 2024 | 0.00% |
| Sep 30, 2024 | 12.73% |
| Jun 30, 2024 | 5.98% |
| Mar 31, 2024 | -2.34% |
| Dec 31, 2023 | -6.69% |
| Sep 30, 2023 | -10.26% |
| Jun 30, 2023 | -21.63% |
| Mar 31, 2023 | -25.24% |
| Dec 31, 2022 | -29.21% |
| Sep 30, 2022 | -36.79% |
| Jun 30, 2022 | -39.79% |
| Mar 31, 2022 | -34.25% |
| Dec 31, 2021 | -62.38% |
API Access
Fluence Energy Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=FLNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=FLNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();