KULR Technology (KULR) Stock Price, Financials & Analysis

Key Stats

Market Cap68.76 Mn

P/E-0.67

FCF (Yr)-47.87 Mn

ROA (Yr)-44.40

EV to EBIT-0.34

Net Income (Yr)-61.90 Mn

Enterprise Value14.40 Mn

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About

KULR Technology Group Inc is a technology company that focuses on energy storage systems and recycling thermal management solutions and rotary system vibration reduction. It develops and commercializes technologies that improve battery safety performance and efficiency for aerospace defense and industrial applications. It aims to support the global shift to sustainable energy through its integrated product and service offerings. KULR Technology Group Inc generates revenue…

KULR Technology Group Inc generates revenue primarily through the sale of its thermal management products battery solutions and vibration reduction technologies. Its product portfolio includes thermal interface materials thermal runaway shields internal short circuit devices and the KULR ONE family of battery packs. The company also provides engineering design services testing services and battery production services to customers. Licensing of its proprietary technology such as the KULR Xero Vibe fan design and CF cathode technology contributes additional income. In 2024 the company reported record annual revenues of ten point seven million dollars.

KULR Technology Group Inc occupies a niche position in the energy storage and thermal management markets where it differentiates itself through proprietary safety and performance technologies. Its thermal runaway shield and thermal interface material are recognized for providing superior heat containment and transfer compared with offerings from larger competitors such as Henkel Bergquist Fujipoly Laird 3M and Honeywell. In the battery pack arena the KULR ONE architecture competes with established providers like EaglePicher Technologies and Pumpkin Space Systems by offering higher safety ratings and modular scalability. For vibration reduction the KULR VIBE solution faces competition from GE Aerospace RADS Division but distinguishes itself by linking vibration data to maintenance cost savings. The company also benefits from its internal short circuit device which provides a reliable method for triggering battery failures and is valued by researchers and regulators. Overall KULR leverages its deep expertise in battery design testing and production to maintain a competitive edge in high demand sectors such as aerospace defense energy storage and urban mobility.

KULR Technology Group Inc serves a diverse set of customers that includes government agencies aerospace contractors defense prime contractors and commercial enterprises. Specific customers mentioned in the filing include the National Aeronautics and Space Administration Lockheed Martin and Leidos. The company also supplies its thermal management and battery safety products to electric vehicle manufacturers energy storage developers and data center operators. Its vibration reduction technology is used by industrial manufacturers wind farm operators and performance racing teams. Overall the customer base spans the aerospace defense energy storage transportation and industrial sectors.

How KULR Technology ranks

Ranked against the 72 companies in Clean Energy Equipment58 metrics · as of Nov 6, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last

P/ENegative earnings −0.65xMedian 25.0x 12^th
P/FCFNegative free cash flow −1.50xMedian 28.3x 13^th
P/Operating cash flowNegative operating cash flow −1.61xMedian 18.9x 14^th
P/S 3.97xMedian 2.28x 32^nd
P/B 0.91xMedian 1.84x 73^rd
P/Tangible book 7.65xMedian 1.99x 15^th
EV/EBITDANegative EBITDA −1.78xMedian 18.3x 19^th
EV/EBITNegative EBIT −1.72xMedian 23.1x 18^th
EV/Revenue 4.40xMedian 2.40x 26^th
EV/FCFNegative free cash flow −1.66xMedian 25.7x 15^th
EV/Operating cash flowNegative operating cash flow −1.78xMedian 18.5x 17^th
PEG (3Y EPS CAGR)Negative earnings 0.06Median 0.65 Not meaningful —

Growth

14 metrics · Year-on-year growth and three-year compound annual growth

Revenue growth (1Y) 31.7%Median 17.3% 65^th
Revenue CAGR (3Y) 29.6%Median 6.7% 81^st
Gross profit growth (1Y) −105%Median 20.7% 2^nd
Gross profit CAGR (3Y) −27.5%Median 11.2% 9^th
Operating income growth (1Y) −76.8%Median 10.5% 20^th
Operating income CAGR (3Y) −26.1%Median 8.2% 21^st
Net income growth (1Y) −491%Median 13.5% 2^nd
Net income CAGR (3Y) −64.5%Median 5.8% 11^th
EPS growth (1Y) −380%Median 34.9% 5^th
EPS CAGR (3Y) −11.5%Median 14.4% 29^th
Operating cash flow growth (1Y) −38.9%Median −11.6% 39^th
Operating cash flow CAGR (3Y) −31.2%Median 6.8% 16^th
Free cash flow growth (1Y) −45.4%Median −17.2% 37^th
Free cash flow CAGR (3Y) −28.2%Median 9.9% 22^nd

Profitability

14 metrics · Margins, returns on capital and the quality of earnings

Gross margin −1.6%Median 23.4% 9^th
EBITDA margin −248%Median −18.4% 21^st
Operating margin −256%Median −26.2% 22^nd
Pretax margin −256%Median −19.3% 24^th
Net margin −613%Median −16.1% 12^th
FCF margin −265%Median −14.4% 20^th
Operating cash flow margin −247%Median −10.2% 22^nd
Return on equity −51.4%Median −20.1% 29^th
Return on assets −41.8%Median −14.5% 25^th
Return on invested capital —Median −0.2% No data —
Return on capital employed −55.3%Median −15.0% 11^th
Asset turnover 0.16xMedian 0.53x 23^rd
Cash conversion (OCF / net income)Net income is not positive 0.40xMedian 1.10x Not meaningful —
Stock comp / revenue 34.0%Median 6.0% 21^st

Financial Health

11 metrics · Leverage, liquidity and solvency; less debt ranks higher

Debt / assets 20.0%Median 21.6% 57^th
Debt / equity 0.28xMedian 0.38x 55^th
Net debt / EBITDAEBITDA is not positive −0.17xMedian −0.23x Not meaningful —
Debt / FCFFree cash flow is not positive −0.45xMedian 3.22x Not meaningful —
Liabilities / assets 27.5%Median 56.8% 73^rd
Equity / assets 72.5%Median 44.2% 72^nd
Interest coverage −112xMedian −3.65x 12^th
Current ratio 3.38xMedian 2.19x 70^th
Quick ratio 0.61xMedian 1.19x 29^th
Cash ratio 0.51xMedian 0.61x 44^th
Altman Z-score −1.83Median 0.48 27^th

S.No.	Ticker	Company	Market Cap	P/E	P/S	Total Debt (Qtr)
1	GEV	GE Vernova Inc.	206.05 Bn	19.87	4.68	2.80 Bn
2	BE	Bloom Energy Corp	51.10 Bn	98.59	13.34	0.00 Bn
3	FSLR	First Solar, Inc.	21.63 Bn	11.62	4.31	0.11 Bn
4	NXT	Nextpower Inc.	15.87 Bn	25.90	4.14	-
5	BWXT	BWX Technologies, Inc.	10.96 Bn	29.25	3.04	2.02 Bn
6	GNRC	Generac Holdings Inc.	10.36 Bn	34.40	2.24	1.33 Bn
7	ENS	EnerSys	5.36 Bn	15.20	1.41	1.04 Bn
8	KULR	KULR Technology Group, Inc.	0.07 Bn	-0.67	4.12	0.02 Bn

S.No.

Ticker

Company

Market Cap

P/E

P/S

Total Debt (Qtr)

GEV

GE Vernova Inc.

206.05 Bn

19.87

4.68

2.80 Bn

Bloom Energy Corp

51.10 Bn

98.59

13.34

0.00 Bn

FSLR

First Solar, Inc.

21.63 Bn

11.62

4.31

0.11 Bn

NXT

Nextpower Inc.

15.87 Bn

25.90

4.14

BWXT

BWX Technologies, Inc.

10.96 Bn

29.25

3.04

2.02 Bn

GNRC

Generac Holdings Inc.

10.36 Bn

34.40

2.24

1.33 Bn

ENS

EnerSys

5.36 Bn

15.20

1.41

1.04 Bn

KULR

KULR Technology Group, Inc.

0.07 Bn

-0.67

4.12

0.02 Bn

KULR Technology KULR

About

Segments Breakdown of Revenue (2025)

Timing of Transfer of Good or Service Breakdown of Revenue (2025)

How KULR Technology ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

KULR Technology KULR

About

Segments Breakdown of Revenue (2025)

Timing of Transfer of Good or Service Breakdown of Revenue (2025)

How KULR Technology ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

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