Energy Vault Holdings (NRGV) Gross Margin (2022 - 2026)
Energy Vault Holdings' (NRGV) quarterly Gross Margin came in at 21.88% in Q1 2026, down 3525.0% YoY from 0.64% in Q1 2025, and up 6.21% on a QoQ basis from 20.6% in Q4 2025.
Energy Vault Holdings (NRGV) Gross Margin (2022 - 2026) Analysis & Trends
Energy Vault Holdings (NRGV) has 5 years of Gross Margin data on file, last reported at 21.88% in Q1 2026.
- Quarterly Gross Margin fell 3525.0% year-over-year to 21.88% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 22.07% (up 292.0% YoY) and the FY2025 annual result came in at 23.56%, up 1017.0% from the prior year.
- Gross Margin rose to 21.88% in Q1 2026, from 20.6% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 100.0% in Q1 2022 to a low of 3.4% in Q4 2023.
- A 5-year average of 27.0% and a median of 21.88% in 2026 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin plunged 7882 bps — and 2024, when it surged 3613 bps.
- Tracing NRGV's Gross Margin over 5 years: stood at 15.88% in 2022, then sank by 79 bps to 3.4% in 2023, then jumped by 127 bps to 7.73% in 2024, then soared by 167 bps to 20.6% in 2025, then increased 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 11.89 Bn | 10.73 Bn | 117.49 Mn | 70.78% |
| 2 | Ormat Technologies | 6.93 Bn | 6.28 Bn | 68.70 Mn | 26.55% |
| 3 | Brookfield Renewable Partners | 4.63 Bn | 2.13 Bn | 623.00 Mn | 57.90% |
| 4 | Clearway Energy | 3.76 Bn | 3.42 Bn | 332.00 Mn | 69.02% |
| 5 | ReNew Energy Global | 2.47 Bn | 2.06 Bn | 269.00 Mn | 79.35% |
| 6 | Fluence Energy | 1.83 Bn | 1.27 Bn | 33.24 Mn | 5.12% |
| 7 | XPLR Infrastructure | 1.08 Bn | 581.62 Mn | - | - |
| 8 | Energy Vault Holdings | 683.17 Mn | 614.42 Mn | 4.79 Mn | 21.88% |
| 9 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | 59.62% |
| 10 | Eco Wave Power Global AB (publ) | 342.25 Mn | 342.25 Mn | - | - |
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 | 100.00% |