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Maker of zinc-based, non-lithium battery storage systems designed for long-duration grid and utility storage.
Maker of zinc-based, non-lithium battery storage systems designed for long-duration grid and utility storage.
Sells battery systems project by project to developers and utilities, and revenue so far is small relative to the cost of building out production lines in Pennsylvania, so funding from lenders and investors matters as much as sales. A federal loan supports the factory expansion.
Moat: narrow (IP / patents). Non-flammable zinc chemistry avoids lithium supply-chain and fire risks, though production is still ramping.
Headquarters: Edison, New Jersey, US · Founded: 2008 · Employees: 787
Size Eos Energy Enterprises (EOSE) is a United States Industrials company (Electrical Products) with a market value of $634M, the 2554th largest of 3,117 United States companies the cockpit tracks. Shares closed at $1.74 on 6 Nov 2026.
Performance Over six months the shares fell 78.3%, against -36.5% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 533.9% over the last twelve months (peer median +15.6%); the operating margin is -158.8% (peer median 2.6%).
Valuation It trades at 7.7× enterprise value to sales against a peer median of 2.1× (4th most expensive of 21).
Capital Return on invested capital runs 95.7 points below its cost of capital (12.6% WACC).
Backlog Backlog (remaining performance obligations) was $27.3M at 30 Sep 2026, down 65% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $214M | $114M | $15.6M | $16.4M | $17.9M |
| Revenue growth | — | +632% | -5% | -9% | — |
| Gross profit | -$182M | -$144M | -$83.3M | -$73.4M | -$135M |
| EBITDA | -$318M | -$241M | -$157M | -$135M | -$207M |
| Net income | -$710M | -$1.74B | -$686M | -$230M | -$230M |
| Free cash flow | -$421M | -$265M | -$187M | -$174M | -$217M |
| Capital expenditure | $113M | $54.7M | $33.2M | $29.5M | $20.1M |
| Total debt | $641M | $835M | $320M | $209M | $181M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Eos Energy Enterprises EOSE | $634M | -78% | +534% | -159% | 7.7× | n/a |
| Fluence Energy FLNC | $973M | -78% | +7% | -4% | 0.4× | n/a |
| Tesla TSLA | $1.42T | -16% | +8% | 4% | 13.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EOSE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -37.1% | -13.0% | lowest of 21 |
| 6-month return | -78.3% | -36.5% | lowest of 21 |
| Distance from 52-week high | -91.2% | -55.4% | lowest of 21 |
| Revenue growth (TTM) | +533.9% | +15.6% | highest of 20 |
| Operating margin | -158.8% | 2.6% | 3rd lowest of 21 |
| EV / Sales | 7.7× | 2.1× | 4th most expensive of 21 |
| ROIC minus cost of capital | -95.7 pp | -3.7 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eos Energy Enterprises EOSE | United States | $634M | -78% | +534% | -159% | 7.7× | n/a | n/a |
| Zhejiang Founder Motor 002196.SZ | China | $634M | -35% | +26% | 0% | 1.8× | n/a | n/a |
| Zhejiang Sunflower Great Health 300111.SZ | China | $635M | -15% | -20% | -10% | 16.2× | n/a | n/a |
| Jiangsu Huachen Transformer 603097.SS | China | $629M | -4% | +13% | 2% | 2.3× | 27.8% | +27.0% |
| Powerica POWERICA.NS | India | $628M | -5% | +14% | 8% | 2.0× | n/a | n/a |
| Hubei Wanrun New Energy Technology 688275.SS | China | $648M | -67% | +146% | 4% | 0.6× | n/a | n/a |
| Sanbian Sci-Tech 002112.SZ | China | $617M | -37% | +7% | 1% | 2.1× | 59.0% | +13.2% |
| Wuxi New Hongtai Electrical Technology 603016.SS | China | $614M | -50% | -4% | 10% | 6.0× | 36.8% | +6.7% |
| Jiangsu SINOJIT Wind Energy Technology 601218.SS | China | $657M | -30% | +28% | 8% | 2.1× | 0.3% | -7.2% |
| Henan Carve Electronics Technology 301182.SZ | China | $657M | -34% | +32% | -17% | 5.1× | n/a | n/a |
| CyberPower Systems 3617.TW | Taiwan | $610M | +11% | 0% | 19% | 1.4× | -10.8% | +5.4% |
| Henan Tong-Da Cable 002560.SZ | China | $607M | -47% | +16% | 2% | 0.6× | 16.2% | +32.9% |
| Enovix ENVX | United States | $606M | -58% | +35% | -497% | 18.7× | n/a | n/a |
| Allis Electric 1514.TW | Taiwan | $665M | -32% | +24% | 10% | 2.0× | 8.9% | +15.6% |
| Shenzhen Bromake New Material 301387.SZ | China | $602M | -45% | +25% | -1% | 2.1× | n/a | n/a |
| Guangdong Greenway Technology 688345.SS | China | $668M | -17% | +39% | 3% | 1.5× | n/a | n/a |
| Nano Nuclear Energy NNE | United States | $597M | -60% | n/a | -24,545% | 88.0× | n/a | n/a |
| Jiangsu Yangdian Science & Technology 301012.SZ | China | $596M | -43% | 0% | 5% | 3.3× | 14.5% | +23.9% |
| Suzhou Huazhijie Telecom 603400.SS | China | $675M | -36% | +14% | 8% | 3.1× | n/a | n/a |
| VITZROCELL 082920.KS | South Korea | $675M | -64% | +21% | 28% | 2.8× | -7.9% | +16.5% |
| Chongqing Wangbian Electric (Group) 603191.SS | China | $594M | -42% | +5% | -1% | 1.6× | n/a | n/a |
Eos Energy Enterprises reported $27.3M of remaining performance obligations at 30 Sep 2026, down 65% from a year earlier and down 20% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.92.