Novonix (NVNXF) Inventory Average (2021 - 2025)
Novonix (NVNXF) reported Inventory Average of $2.0 million for Q4 2025, up 15.12% on a YoY basis from $1.7 million in Q4 2024, and up 25.46% quarter-over-quarter from $1.6 million in Q2 2025.
Novonix (NVNXF) Inventory Average (2021 - 2025) Analysis & Trends
Novonix has reported Inventory Average for 5 years, with the latest figure at $2.0 million in Q4 2025.
- For the quarter ending Q4 2025, Inventory Average rose 15.12% year-over-year to $2.0 million; the trailing twelve-month figure through Dec 2025 stood at $2.0 million (up 15.12% YoY), and the FY2025 full-year result was $1.8 million, up 5.41% from the prior year.
- Inventory Average for Q4 2025 stood at $2.0 million, up from $1.6 million in the prior quarter.
- The five-year high for Inventory Average was $2.9 million in Q2 2023, with the low at $1.5 million in Q2 2021.
- Historically, Inventory Average has averaged $2.1 million across 5 years, with a median of $2.2 million in 2023.
- Annual changes were most pronounced in 2022 — Inventory Average jumped 53.15% — and 2024, when it declined 29.47%.
- Novonix's Inventory Average stood at $2.5 million in 2021, then advanced by 4.01% to $2.6 million in 2022, then fell by 10.67% to $2.3 million in 2023, then slipped by 24.99% to $1.7 million in 2024, then increased by 15.12% to $2.0 million in 2025.
- The last three Inventory Average figures came in at $2.0 million (Q4 2025), $1.6 million (Q2 2025), and $1.7 million (Q4 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 472.68 Bn | 472.63 Bn | - | 1.97 Mn |
| 2 | Vertiv Holdings | 115.80 Bn | 113.29 Bn | 999.70 Mn | 1.65 Bn |
| 3 | Bloom Energy | 73.20 Bn | 70.74 Bn | 225.54 Mn | 687.92 Mn |
| 4 | nVent Electric | 26.87 Bn | 26.68 Bn | 445.60 Mn | 491.95 Mn |
| 5 | Hubbell | 25.27 Bn | 24.77 Bn | 505.30 Mn | 1.11 Bn |
| 6 | Advanced Energy Industries | 13.35 Bn | 13.35 Bn | 200.90 Mn | 434.95 Mn |
| 7 | Powell Industries | 10.72 Bn | 10.17 Bn | 87.94 Mn | 85.63 Mn |
| 8 | Ballard Power Systems | 10.33 Bn | 9.80 Bn | 5.64 Mn | 18.84 Mn |
| 9 | Acuity Inc. (De) | 9.04 Bn | 8.77 Bn | 520.40 Mn | 516.65 Mn |
| 10 | Novonix | - | - | - | 1.97 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.97 Mn |
| Jun 30, 2025 | 1.57 Mn |
| Dec 31, 2024 | 1.71 Mn |
| Jun 30, 2024 | 2.02 Mn |
| Dec 31, 2023 | 2.28 Mn |
| Jun 30, 2023 | 2.87 Mn |
| Dec 31, 2022 | 2.56 Mn |
| Jun 30, 2022 | 2.36 Mn |
| Dec 31, 2021 | 2.46 Mn |
| Jun 30, 2021 | 1.54 Mn |