Energy Vault Holdings (NRGV) Operating Margin (2022 - 2026)
Energy Vault Holdings (NRGV) reported Operating Margin of -141.97% for Q2 2026, up 188.71 percentage points from -330.69% a year earlier but down 31.36 percentage points from the prior quarter.
Energy Vault Holdings (NRGV) Operating Margin (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Energy Vault Holdings' Operating Margin came in at -32.84%, up 211.81 percentage points year-over-year; for FY2025, it came in at -36.51%, up 244.87 percentage points from FY2024.
- Operating Margin has a three-year change of +6.73 percentage points (FY2022 to FY2025).
- By year, Operating Margin came in at -281.38% in FY2024 (-250.13 pp), -31.25% in FY2023 (+11.99 pp) and -43.24% in FY2022.
- Five-year quarterly Operating Margin spans a low of -2258.13% in Q3 2024 and a high of 48.59% in Q1 2022.
- Year over year, Operating Margin has now increased in each of the last six quarters, with an average year-over-year change of +97.43 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q3 2025 (a gain of 2205.36 percentage points); the low point was Q3 2024 (a drop of 2245.80 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -110.61% (Q1 2026), -5.05% (Q4 2025) and -52.77% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 5.88% |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 17.11% |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | 42.64% |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 12.66% |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 17.93% |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | 20.41% |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | 16.18% |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 17.65% |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 6.71% |
| 10 | Energy Vault Holdings | 728.76 Mn | 515.32 Mn | 5.38 Mn | -141.97% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -141.97% |
| 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% |
Energy Vault Holdings Operating 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=operating-margin&ticker=NRGV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=NRGV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();