Energy Vault Holdings (NRGV) Return on Capital Employed [ROCE] (2021 - 2026)
Energy Vault Holdings' Return on Capital Employed [ROCE] was -40.74% in Q2 2026, up 100.93 percentage points from -141.67% a year earlier but down 7.47 percentage points from the prior quarter.
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Analysis
Energy Vault Holdings (NRGV) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Energy Vault Holdings came in at -89.21%, down 26.61 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a four-year change of -35.90 percentage points (FY2021 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was -62.60% in FY2024 (-22.60 pp), -39.99% in FY2023 (+3.31 pp), -43.30% in FY2022 (+10.00 pp) and -53.31% in FY2021.
- Quarterly Return on Capital Employed [ROCE] has moved between -141.67% (Q2 2025) and -2.46% (Q1 2022) over five years.
- Compared with a year earlier, Return on Capital Employed [ROCE] has increased for three straight quarters, with an average year-over-year change of -8.76 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q2 2026 (a gain of 100.93 percentage points); the worst was Q2 2025 (a drop of 95.96 percentage points).
- Per Business Quant data, NRGV's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was -33.28% (Q1 2026), -56.18% (Q4 2025) and -115.97% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 8.04% |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 8.69% |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 16.07% |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 9.38% |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | 23.08% |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | 11.64% |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 15.27% |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | 4.90% |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 1.68% |
| 10 | Energy Vault Holdings | 708.96 Mn | 495.52 Mn | 5.38 Mn | -40.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -40.74% |
| Mar 31, 2026 | -33.28% |
| Dec 31, 2025 | -56.18% |
| Sep 30, 2025 | -115.97% |
| Jun 30, 2025 | -141.67% |
| Mar 31, 2025 | -110.35% |
| Dec 31, 2024 | -79.40% |
| Sep 30, 2024 | -56.47% |
| Jun 30, 2024 | -45.71% |
| Mar 31, 2024 | -40.42% |
| Dec 31, 2023 | -51.12% |
| Sep 30, 2023 | -38.81% |
| Jun 30, 2023 | -48.42% |
| Mar 31, 2023 | -41.03% |
| Dec 31, 2022 | -25.00% |
| Sep 30, 2022 | -16.32% |
| Jun 30, 2022 | -5.74% |
| Mar 31, 2022 | -2.46% |
| Dec 31, 2021 | -14.80% |
API Access
Energy Vault Holdings Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=NRGV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=NRGV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();