Energy Vault Holdings, Inc. (NRGV) Financial Ratio Screen

NYSE Utilities United States USD 609M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Energy Vault Holdings, Inc. (NRGV) is potentially non-compliant in the automated ratio model. The available impermissible-income proxy of 11.99% exceeds the 5% methodology threshold. Energy Vault Holdings, Inc. operates in the Utilities sector.

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MSCI new-inclusion financial-ratio snapshot

NRGV financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
0.7%
Pass vs 30%
Cash ratio
14.7%
Pass vs 30%
Receivables + cash
29.2%
Pass vs 30%
Impermissible income
12.0%
Fail vs 5%

Calculation date: 2026-08-31. Financial period used: December 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2024Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Utilities - Renewable) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Energy Vault Holdings, Inc. develops and deploys utility-scale energy storage solutions in the United States, Switzerland, United Kingdom, North America, Australia, and internationally. The company offers B-Vault, an electrochemical battery energy storage solution for short-duration energy storage needs; G-Vault, a gravity energy storage solution for long-duration energy storage needs; and H-Vault, a hydrogen or hybrid energy storage solution. It also provides software solutions, such as Vault-OS Energy Management System which provides real-time monitoring, operational control, and optimized dispatch across an array of generation and short to ultra-long duration energy storage assets; Vault-Bidder, which utilizes artificial intelligence to leverage diverse, live data from directly monitored assets and external drivers to provide dispatch and revenue optimization; and Vault-Manager, which converts diverse, real-time data into clear asset performance visibility and insights, facilitating improved decision-making regarding maintenance, augmentation, and expansion. Energy Vault Holdings, Inc. was founded in 2020 and is headquartered in Westlake Village, California.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 0.7%
/ 30%
14.7%
/ 30%
29.2%
/ 30%
11.99%
/ 5%
RATIOS FAIL*
FTSE 0.7%
/ 33%
14.7%
/ 33%
29.2%
/ 50%
11.99%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
$-0.65
P/B Ratio
8.8
EV/EBITDA
-9.8
EV: $669M
Revenue
$46M
Growth: 358.0%
Beta
1.0
Average volatility
Current Ratio
0.7

Profitability

Gross Margin 23.6%
Operating Margin -5.1%
Net Margin -50.9%
Return on Equity (ROE) -96.5%
Return on Assets (ROA) -18.4%

Cash Flow & Balance Sheet

Operating Cash Flow-$56M
Free Cash Flow-$115M
Total Debt$1M
Debt-to-Equity109.6
Current Ratio0.7
Total Assets$184M

Price & Trading

Last Close$3.52
50-Day MA$3.93
200-Day MA$3.03
Avg Volume3.7M
Beta1.0
52-Week Range
$0.60
$6.35

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2024. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Energy Vault Holdings, Inc. (NRGV)

CEO
Mr. Robert Allen Piconi
Employees
142
Sector
Utilities
Industry
Utilities - Renewable
Country
United States
Exchange
NYSE
Market Cap (listing currency)
USD 609M
Currency
USD

Energy Vault Holdings, Inc. develops and deploys utility-scale energy storage solutions in the United States, Switzerland, United Kingdom, North America, Australia, and internationally. The company offers B-Vault, an electrochemical battery energy storage solution for short-duration energy storage needs; G-Vault, a gravity energy storage solution for long-duration energy storage needs; and H-Vault, a hydrogen or hybrid energy storage solution. It also provides software solutions, such as Vault-OS Energy Management System which provides real-time monitoring, operational control, and optimized dispatch across an array of generation and short to ultra-long duration energy storage assets; Vault-Bidder, which utilizes artificial intelligence to leverage diverse, live data from directly monitored assets and external drivers to provide dispatch and revenue optimization; and Vault-Manager, which converts diverse, real-time data into clear asset performance visibility and insights, facilitating improved decision-making regarding maintenance, augmentation, and expansion. Energy Vault Holdings, Inc. was founded in 2020 and is headquartered in Westlake Village, California.

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Frequently Asked Questions

Is Energy Vault Holdings, Inc. (NRGV) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Energy Vault Holdings, Inc.'s debt ratio?

Energy Vault Holdings, Inc.'s debt ratio is 0.7% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Energy Vault Holdings, Inc.'s key financial metrics?

Energy Vault Holdings, Inc. has a market capitalization of USD 609M in its listing currency, and revenue of $46M. The company maintains a gross margin of 23.6% and a net margin of -50.9%. Return on equity stands at -96.5%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2024. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.