Novonix (NVX) Profit After Tax (2022 - 2024)
Novonix (NVX) posted quarterly Profit After Tax of -$53.3 million for Q4 2024, down 13.05% year-on-year from -$61.3 million in Q1 2024, and down 13.05% on a QoQ basis from -$47.1 million in Q4 2023.
Novonix (NVX) Profit After Tax (2022 - 2024) Analysis & Trends
Novonix (NVX) has reported Profit After Tax for 3 consecutive years, with -$53.3 million the latest figure, recorded in Q4 2024.
- Quarterly Profit After Tax fell 13.05% year-over-year to -$53.3 million in Q4 2024, while the trailing twelve-month figure through Dec 2024 was -$53.3 million (down 13.05% YoY) and the FY2025 annual result came in at -$56.1 million, up 25.03% from the prior year.
- Profit After Tax retreated to -$53.3 million in Q4 2024 per NVX's latest filing, from -$47.1 million in the prior quarter.
- Over the last five years, Profit After Tax for NVX reached as high as -$27.2 million in Q4 2022 and fell as low as -$53.3 million in Q4 2024.
- A 3-year average of -$39.7 million and a median of -$39.1 million in 2022 frame the typical range for Profit After Tax.
- Annual changes were most pronounced in 2023 — Profit After Tax slumped 73.31% — and 2024, when it declined 13.05%.
- Year by year, Profit After Tax stood at -$27.2 million in 2022, then sank by 73.31% to -$47.1 million in 2023, then dropped by 13.05% to -$53.3 million in 2024.
- According to Business Quant data, Profit After Tax over the past three periods registered -$53.3 million, -$47.1 million, and -$27.2 million for Q4 2024, Q4 2023, and Q4 2022 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 1.02 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 390.10 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 73.69 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 181.80 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 145.60 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 67.30 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 130.10 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 45.89 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 77.30 Mn |
| 10 | Novonix | 286.30 Mn | 199.21 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -53.28 Mn |
| Dec 31, 2023 | -47.14 Mn |
| Dec 31, 2022 | -27.20 Mn |
| Jun 30, 2022 | -31.05 Mn |