Energy Vault Holdings vs Wallbox
Energy Vault Holdings is the larger business, with $204m of revenue in fiscal 2025 against $164m for Wallbox (1.2 times as much). Energy Vault Holdings grew faster (340.9% against -7.5%). Energy Vault Holdings kept more of each dollar of sales as profit: a net margin of -50.9% against -71.1%.
| Latest fiscal year | Energy Vault HoldingsNRGV, 2025 | WallboxWBX, 2025 |
|---|---|---|
| Revenue | $204m | $164m |
| Revenue growth | 340.9% | -7.5% |
| Net income | −$104m | −$117m |
| Operating margin | -36.5% | -68.4% |
| Net margin | -50.9% | -71.1% |
| Return on equity | -107.0% | — |
| Free cash flow | −$46.7m | $10.6m |
| Cash | $58.3m | $5.2m |
| Total debt | $99.6m | $197m |
| Debt to equity | 147.6% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 142 | — |
| Market value | $565m | $47.4m |
| Price vs our value range | — | — |
| Moat score | 17 (Weak) | — |
| Insider trades, 12 months | 11 buys, 5 sales | 4 buys, 0 sales |