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Bloom Energy vs Fluence Energy

Bloom Energy and Fluence Energy are similar in size: $2.02bn and $2.26bn of revenue in their latest fiscal years. Bloom Energy grew faster (37.3% against -16.1%). Fluence Energy kept more of each dollar of sales as profit: a net margin of -2.1% against -4.3%.

Latest fiscal yearBloom EnergyBE, 2025Fluence EnergyFLNC, 2025
Revenue $2.02bn $2.26bn
Revenue growth 37.3% -16.1%
Net income −$87.1m −$48.3m
Operating margin 3.6% —
Net margin -4.3% -2.1%
Return on equity -13.1% -10.7%
Free cash flow $57.2m −$160m
Cash $2.45bn $691m
Total debt $2.68bn $391m
Debt to equity 348.5% —
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 2,214 1,670
Market value $63.22bn $756m
Price vs our value range — —
Moat score 18 (Weak) 15 (Weak)
Insider trades, 12 months 0 buys, 56 sales 2 buys, 8 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.