Growth Metrics

Energy Vault Holdings (NRGV) Operating Margin (2022 - 2026)

Energy Vault Holdings posted quarterly Operating Margin of 110.61% for Q1 2026, up 13421.0% year-on-year from N/an in Q1 2025, and down 2090.06% on a QoQ basis from 5.05% in Q4 2025.

Energy Vault Holdings (NRGV) has 5 years of Operating Margin data on file, last reported at 110.61% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin rose 13421.0% year-over-year to 110.61%; the trailing twelve-month figure through Mar 2026 stood at 35.79% (up 23300.0% YoY), and the FY2025 full-year result was 36.51%, up 24487.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 110.61%, down from 5.05% in the prior quarter.
  • Across five years, Operating Margin topped out at 48.59% in Q1 2022 and bottomed at 2258.13% in Q3 2024.
  • The 5-year median for Operating Margin is 150.61% (2024), against an average of 527.41%.
  • The widest annual swing landed in 2024, when Operating Margin sank 224580 bps; it then jumped 220536 bps in 2025.
  • A 5-year view of Operating Margin shows it stood at 25.66% in 2022, then advanced by 20 bps to 20.47% in 2023, then tumbled by 636 bps to 150.61% in 2024, then surged by 97 bps to 5.05% in 2025, then sank by 2090 bps to 110.61% in 2026.
  • The last three Operating Margin figures came in at 110.61% (Q1 2026), 5.05% (Q4 2025), and 52.77% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 AXIA Energia 193.97 Bn 191.26 Bn 1.44 Bn 77.20%
2 Enlight Renewable Energy 13.10 Bn 12.57 Bn 85.64 Mn 43.00%
3 Ormat Technologies 8.30 Bn 8.16 Bn 78.83 Mn 15.42%
4 Fluence Energy 3.60 Bn 3.28 Bn 46.63 Mn -2.51%
5 Clearway Energy 1.42 Bn 4.77 Bn 220.00 Mn 5.65%
6 XPLR Infrastructure 1.16 Bn 8.69 Bn 141.00 Mn -6.18%
7 Energy Vault Holdings 916.05 Mn 870.62 Mn 4.79 Mn -110.61%
8 Ellomay Capital 782.29 Mn 671.00 Mn 1.49 Mn 0.02%
9 ReNew Energy Global 342.92 Mn 58.95 Mn 269.00 Mn -41.00%
10 Nextnrg 90.54 Mn 87.86 Mn 1.71 Mn -47.93%

Historic Data

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DateValue
Mar 31, 2026 -110.61%
Dec 31, 2025 -5.05%
Sep 30, 2025 -52.77%
Jun 30, 2025 -330.69%
Mar 31, 2025 -244.82%
Dec 31, 2024 -150.61%
Sep 30, 2024 -2,258.13%
Jun 30, 2024 -739.66%
Mar 31, 2024 -317.40%
Dec 31, 2023 -20.47%
Sep 30, 2023 -12.33%
Jun 30, 2023 -71.47%
Mar 31, 2023 -288.41%
Dec 31, 2022 -25.66%
Sep 30, 2022 -2,137.31%
Jun 30, 2022 -2,249.13%
Mar 31, 2022 48.59%