Fluence Energy, Inc.

FLNC

$10.20

-3.41%

N/A-$0.36

Utilities

Renewable Utilities

NASDAQ

Active Trading

Fluence Energy, Inc. (FLNC) is a global provider of sophisticated energy storage systems and AI-powered digital applications, specifically designed for renewable energy ...

Financial Highlights of FLNC

Profitability trend

Latest / TTM · 6 periods

Gross Margin

9.2%

Net Margin

-3.1%

P/E Ratio

-17.00x

n/a

Debt / Equity

1.05

n/a

Current Ratio

1.34

Dividend Yield

0.0%

Understanding

TTM —

Interest coverage is weak

Financial highlights

Latest / TTM · 6 periods

Snapshot

Latest / TTM: 2026-09-04

Gross Margin

9.2%

Net Margin

-3.1%

P/E Ratio

-17.00x

Debt / Equity

1.05

Profitability

Profitability table

Metric	2021	2022	2023	2024	2025	2026
Gross MarginGross profit as a percentage of revenue.	-10.2%	-5.2%	6.4%	12.6%	13.1%	—
Operating MarginOperating income as a percentage of revenue.	-23.3%	-23.1%	-5.1%	1.0%	-2.0%	—
Net MarginNet income as a percentage of revenue.	-23.8%	-8.7%	-3.1%	0.8%	-2.1%	—
EBITDA MarginEBITDA divided by revenue.	-22.6%	-23.8%	-4.6%	1.5%	-0.8%	—
Pre-tax MarginPre-tax profit as a percentage of revenue.	-23.5%	-24.0%	-4.5%	1.5%	-2.0%	—

Liquidity & leverage

Liquidity & leverage table

Metric	2021	2022	2023	2024	2025	2026
Current RatioCurrent assets divided by current liabilities.	0.86	1.44	1.60	1.33	1.51	—
Quick RatioLiquid assets divided by current liabilities.	0.35	0.86	1.30	1.19	1.17	—
Cash RatioCash and equivalents divided by current liabilities.	0.05	0.32	0.46	0.36	0.50	—
Debt / AssetsDebt as a share of total assets.	13.9%	0.2%	3.7%	1.6%	16.6%	—
Debt / EquityDebt compared with shareholder equity.	-1.78	0.01	0.13	0.06	0.91	—

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	2026
Receivables TurnoverHow often receivables are collected in a year.	3.30x	3.35x	5.92x	3.46x	3.07x	—
Inventory TurnoverHow often inventory is sold in a year.	1.92x	1.93x	9.24x	12.91x	4.32x	—
Payables TurnoverHow often payables are paid in a year.	4.74x	4.14x	31.77x	5.40x	6.13x	—
Asset TurnoverRevenue generated per dollar of assets.	0.95x	0.69x	1.64x	1.42x	0.96x	—
Working Capital TurnoverRevenue generated per dollar of working capital.	-8.47x	6.27x	4.71x	6.20x	4.06x	—

Valuation ratios

Valuation ratios table

Metric	2021	2022	2023	2024	2025	2026
P/E RatioPrice paid for each dollar of earnings.	-11.71x	-16.03x	-38.32x	126.17x	-29.19x	—
P/B RatioPrice paid for each dollar of book value.	-33.72x	3.85x	6.65x	6.07x	3.28x	—
P/S RatioPrice paid for each dollar of sales.	2.78x	1.40x	1.21x	1.06x	0.62x	—
P/FCF RatioPrice paid for each dollar of free cash flow.	-7.03x	-5.78x	-21.56x	47.20x	-8.03x	—
Dividend YieldAnnual dividend divided by current share price.	0.0%	0.0%	0.0%	0.0%	0.0%	—

Supply Chain of FLNC

RELATIONS

Upstream

Envision AESC (AESC Group)Contemporary Amperex Technology Co. Ltd. (CATL)SZSE:300750Samsung SDI Co., Ltd.KRX:006400BYD Company LimitedSZSE:002594Siemens AGXETRA:SIEABB Ltd.SWX:ABBNParker Hannifin CorporationNYSE:PH Albemarle CorporationNYSE:ALB Livent Corporation (now Arcadium Lithium)NYSE:ALTM Sociedad Química y Minera de Chile (SQM)NYSE:SQMGlencore plcLSE:GLENUmicore S.A.EBR:UMI

Downstream

The AES CorporationNYSE:AESCPS Energy (San Antonio, TX)American Electric Power Company, Inc.NASDAQ:AEP Duke Energy CorporationNYSE:DUK Southern CompanyNYSE:SO Hawaiian Electric Industries, Inc.NYSE:HEEDP Renováveis, S.A.EURONEXT:EDPRAmeresco, Inc.NYSE:AMRCCentrica plcLSE:CNABrookfield Renewable Partners L.P.NYSE:BEPSiemens AGXETRA:SIE

Proxies

The AES CorporationNYSE:AESContemporary Amperex Technology Co. Ltd.SZSE:300750Siemens AGXETRA:SIESolarEdge Technologies, Inc.NASDAQ:SEDG Enphase Energy, Inc.NASDAQ:ENPH

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