Electrovaya vs E-power
Electrovaya is the larger business, with $63.8m of revenue in fiscal 2025 against $46.4m for E-power (1.4 times as much). Electrovaya grew faster (43.1% against -28.6%). Electrovaya kept more of each dollar of sales as profit: a net margin of 5.3% against -35.8%.
| Latest fiscal year | ElectrovayaELVA, 2025 | E-powerEPOW, 2025 |
|---|---|---|
| Revenue | $63.8m | $46.4m |
| Revenue growth | 43.1% | -28.6% |
| Net income | $3.4m | −$16.6m |
| Operating margin | — | — |
| Net margin | 5.3% | -35.8% |
| Return on equity | 16.9% | — |
| Free cash flow | — | −$31.6m |
| Cash | — | $21.8m |
| Total debt | $23,000 | $74.8m |
| Debt to equity | 0.1% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $222m | $119m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |