Energy Vault Holdings (NRGV) Gross Margin (2022 - 2026)
Energy Vault Holdings' Gross Margin came in at 30.95% for Q2 2026, up 1.39 percentage points from 29.56% a year earlier and up 9.07 percentage points from the prior quarter.
Powered by 
Analysis
Energy Vault Holdings (NRGV) Gross Margin (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Energy Vault Holdings reported Gross Margin of 22.47%, up 2.24 percentage points year-over-year; for FY2025, it came in at 23.56%, up 10.17 percentage points from FY2024.
- Gross Margin carries a three-year change of -17.09 percentage points (FY2022 to FY2025).
- Going back by year, Gross Margin was 13.39% in FY2024 (+8.26 pp), 5.13% in FY2023 (-35.52 pp) and 40.65% in FY2022.
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q1 2025.
- Year-over-year, Gross Margin increased in six of the last eight quarters, with an average year-over-year change of +4.81 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q3 2024 (a gain of 36.13 percentage points), and the weakest in Q1 2023 (a drop of 78.82 percentage points).
- Business Quant data shows NRGV's Gross Margin at 21.88% (Q1 2026), 20.60% (Q4 2025) and 27.04% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 49.89% |
| 10 | Energy Vault Holdings | 714.36 Mn | 500.92 Mn | 5.38 Mn | 30.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.95% |
| 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% |
API Access
Energy Vault Holdings Gross 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=gross-margin&ticker=NRGV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NRGV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NRGV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();