Energy Vault Holdings (NRGV) Gross Margin (2022 - 2026)
Energy Vault Holdings posted quarterly Gross Margin of 21.88% for Q1 2026, down 3525.0% year-on-year from 0.64% in Q1 2025, and up 6.21% on a QoQ basis from 20.6% in Q4 2025.
Energy Vault Holdings (NRGV) has 5 years of Gross Margin data on file, last reported at 21.88% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 3525.0% year-over-year to 21.88%; the trailing twelve-month figure through Mar 2026 stood at 22.07% (up 292.0% YoY), and the FY2025 full-year result was 23.56%, up 1017.0% from the prior year.
- Gross Margin for Q1 2026 stood at 21.88%, up from 20.6% in the prior quarter.
- Across five years, Gross Margin topped out at 93.98% in Q1 2022 and bottomed at 3.4% in Q4 2023.
- The 5-year median for Gross Margin is 21.88% (2026), against an average of 26.65%.
- The widest annual swing landed in 2023, when Gross Margin tumbled 7281 bps; it then surged 3613 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 15.88% in 2022, then plunged by 79 bps to 3.4% in 2023, then surged by 127 bps to 7.73% in 2024, then jumped by 167 bps to 20.6% in 2025, then rose by 6 bps to 21.88% in 2026.
- The last three Gross Margin figures came in at 21.88% (Q1 2026), 20.6% (Q4 2025), and 27.04% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 193.97 Bn | 191.26 Bn | 1.44 Bn | 59.62% |
| 2 | Enlight Renewable Energy | 13.10 Bn | 12.57 Bn | 85.64 Mn | 68.96% |
| 3 | Ormat Technologies | 8.30 Bn | 8.16 Bn | 78.83 Mn | 28.56% |
| 4 | Fluence Energy | 3.60 Bn | 3.28 Bn | 46.63 Mn | 10.03% |
| 5 | Clearway Energy | 1.42 Bn | 4.77 Bn | 220.00 Mn | 62.15% |
| 6 | XPLR Infrastructure | 1.16 Bn | 8.69 Bn | 141.00 Mn | 51.27% |
| 7 | Energy Vault Holdings | 916.05 Mn | 870.62 Mn | 4.79 Mn | 21.88% |
| 8 | Ellomay Capital | 782.29 Mn | 671.00 Mn | 1.49 Mn | 12.89% |
| 9 | ReNew Energy Global | 342.92 Mn | 58.95 Mn | 269.00 Mn | 79.35% |
| 10 | Nextnrg | 90.54 Mn | 87.86 Mn | 1.71 Mn | 8.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.88% |
| Dec 31, 2025 | 20.60% |
| Sep 30, 2025 | 27.04% |
| Jun 30, 2025 | 29.56% |
| Mar 31, 2025 | 57.14% |
| Dec 31, 2024 | 7.73% |
| Sep 30, 2024 | 40.28% |
| Jun 30, 2024 | 27.82% |
| Mar 31, 2024 | 26.65% |
| Dec 31, 2023 | 3.40% |
| Sep 30, 2023 | 4.15% |
| Jun 30, 2023 | 9.95% |
| Mar 31, 2023 | 21.18% |
| Dec 31, 2022 | 15.88% |
| Sep 30, 2022 | 4.19% |
| Jun 30, 2022 | 41.56% |
| Mar 31, 2022 | 93.98% |