Novonix (NVX) Free Cash Flow (2022 - 2024)

Novonix (NVX) reported Free Cash Flow of -$12.7 million for Q4 2024, down 59.62% on a YoY basis from -$31.4 million in Q1 2024, and down 59.62% quarter-over-quarter from -$7.9 million in Q4 2023.

Novonix (NVX) Free Cash Flow (2022 - 2024) Analysis & Trends

Novonix has reported Free Cash Flow for 3 years, with the latest figure at -$12.7 million in Q4 2024.

  • For the quarter ending Q4 2024, Free Cash Flow fell 59.62% year-over-year to -$12.7 million; the trailing twelve-month figure through Dec 2025 stood at -$12.7 million (up 38.52% YoY), and the FY2023 full-year result was -$17.0 million, down 202.74% from the prior year.
  • Free Cash Flow for Q4 2024 stood at -$12.7 million, down from -$7.9 million in the prior quarter.
  • The five-year high for Free Cash Flow was -$2.8 million in Q2 2022, with the low at -$12.7 million in Q4 2024.
  • Historically, Free Cash Flow has averaged -$7.8 million across 3 years, with a median of -$7.9 million in 2023.
  • The largest YoY upside for Free Cash Flow was 59.62% in 2024 against a maximum downside of 59.62% in 2024.
  • Novonix's Free Cash Flow stood at -$2.8 million in 2022, then plunged by 184.33% to -$7.9 million in 2023, then tumbled by 59.62% to -$12.7 million in 2024.
  • The last three Free Cash Flow figures came in at -$12.7 million (Q4 2024), -$7.9 million (Q4 2023), and -$2.8 million (Q2 2022), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - -
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 765.40 Mn
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 47.43 Mn
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 49.10 Mn
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 46.00 Mn
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn -42.20 Mn
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn -4.51 Mn
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn 49.34 Mn
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 73.30 Mn
10 EnerSys 8.48 Bn 8.04 Bn 290.87 Mn 131.16 Mn

Historic Data

Download Data
DateValue
Dec 31, 2024 -12.68 Mn
Dec 31, 2024 -12.68 Mn
Dec 31, 2023 -7.94 Mn
Dec 31, 2023 -7.94 Mn
Jun 30, 2022 -2.79 Mn
Jun 30, 2022 -2.79 Mn