Novonix (NVNXF) Invested Capital (2020 - 2025)

Novonix (NVNXF) reported Invested Capital of $141.2 million for Q4 2025, up 29.91% on a YoY basis from $108.7 million in Q4 2024, and down 45.31% quarter-over-quarter from $258.2 million in Q2 2025.

Novonix (NVNXF) Invested Capital (2020 - 2025) Analysis & Trends

Novonix has reported Invested Capital for 6 years, with the latest figure at $141.2 million in Q4 2025.

  • For the quarter ending Q4 2025, Invested Capital rose 29.91% year-over-year to $141.2 million; the trailing twelve-month figure through Dec 2025 stood at $141.2 million (up 29.91% YoY), and the FY2023 full-year result was $193.3 million, down 31.89% from the prior year.
  • Invested Capital for Q4 2025 stood at $141.2 million, down from $258.2 million in the prior quarter.
  • The five-year high for Invested Capital was $365.3 million in Q2 2022, with the low at $30.9 million in Q2 2024.
  • Historically, Invested Capital has averaged $185.2 million across 5 years, with a median of $196.3 million in 2023.
  • Annual changes were most pronounced in 2024 — Invested Capital plunged 84.52% — and 2025, when it surged 736.76%.
  • Novonix's Invested Capital stood at $35.2 million in 2021, then surged by 706.76% to $283.8 million in 2022, then sank by 31.89% to $193.3 million in 2023, then sank by 43.76% to $108.7 million in 2024, then gained by 29.91% to $141.2 million in 2025.
  • The last three Invested Capital figures came in at $141.2 million (Q4 2025), $258.2 million (Q2 2025), and $108.7 million (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - 141.20 Mn
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 7.17 Bn
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 921.47 Mn
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 5.35 Bn
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 4.32 Bn
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 1.95 Bn
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn -
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn 709.07 Mn
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 3.04 Bn
10 Novonix - - - 141.20 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 141.20 Mn
Jun 30, 2025 258.19 Mn
Dec 31, 2024 108.69 Mn
Jun 30, 2024 30.86 Mn
Dec 31, 2023 193.26 Mn
Jun 30, 2023 199.29 Mn
Dec 31, 2022 283.75 Mn
Jun 30, 2022 365.33 Mn
Dec 31, 2021 35.17 Mn
Jun 30, 2021 236.61 Mn
Jun 30, 2020 44.72 Mn