Novonix (NVX) Invested Capital (2020 - 2025)

Novonix posted quarterly Invested Capital of $141.2 million for Q4 2025, up 29.91% year-on-year from $108.7 million in Q4 2024, and up 29.91% on a QoQ basis from $108.7 million in Q4 2024.

Novonix (NVX) has 6 years of Invested Capital data on file, last reported 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 FY2025 full-year result was $141.2 million, up 29.91% from the prior year.
  • Invested Capital for Q4 2025 stood at $141.2 million, up from $108.7 million in the prior quarter.
  • Across five years, Invested Capital topped out at $365.3 million in Q2 2022 and bottomed at $108.7 million in Q4 2024.
  • The 5-year median for Invested Capital is $214.9 million (2021), against an average of $221.5 million.
  • The widest annual swing landed in 2021, when Invested Capital surged 429.13%; it then sank 43.76% in 2024.
  • A 5-year view of Invested Capital shows it stood at $236.6 million in 2021, then advanced by 19.92% to $283.8 million in 2022, then plunged by 31.89% to $193.3 million in 2023, then plunged by 43.76% to $108.7 million in 2024, then advanced by 29.91% to $141.2 million in 2025.
  • The last three Invested Capital figures came in at $141.2 million (Q4 2025), $108.7 million (Q4 2024), and $193.3 million (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn 7.17 Bn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn 921.47 Mn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn 5.35 Bn
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn 4.32 Bn
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn 1.95 Bn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn 709.07 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn 3.04 Bn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn 1.91 Bn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn 846.18 Mn
10 Novonix 335.32 Mn 255.45 Mn - 141.20 Mn

Historic Data

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DateValue
Dec 31, 2025 141.20 Mn
Dec 31, 2024 108.69 Mn
Dec 31, 2023 193.26 Mn
Dec 31, 2022 283.75 Mn
Jun 30, 2022 365.33 Mn
Jun 30, 2021 236.61 Mn
Jun 30, 2020 44.72 Mn