Fluence Energy, Inc. (FLNC) vs ReNew Energy Global Plc (RNW)
A side-by-side comparison of Fluence Energy, Inc. and ReNew Energy Global Plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
FLNC
Fluence Energy, Inc.
$8.03UtilitiesDelayed quote: Oct 6, 2026, 4:00 PM EDT
RNW
ReNew Energy Global Plc
$6.87UtilitiesDelayed quote: Oct 6, 2026, 4:00 PM EDT
Total return — FLNC vs RNW
growth of $100 · dividends reinvested · last 5yFLNC -78.3% (-26.3%/yr)RNW -30.5% (-7.0%/yr)RNW compounded faster over this window
FLNC RNW
FLNC vs RNW: by the numbers
- •RNW is the larger company ($2.50B vs $1.48B market cap).
- •RNW is profitable (8.09% net margin) while FLNC runs a net loss (-3.07%).
- •FLNC grew revenue faster over the past five years (29.17% vs 17.39% CAGR).
Metrics side by side
Valuation
| Metric | FLNC | RNW |
|---|---|---|
| P/E ratio | N/A | 20.96 |
| P/S ratio | 0.56 | 1.66 |
| P/B ratio | 3.97 | 1.80 |
| EV / EBITDA | N/A | 10.82 |
Profitability
| Metric | FLNC | RNW |
|---|---|---|
| Gross margin | 9.18% | 62.17% |
| Operating margin | -4.05% | 42.15% |
| Net margin | -3.07% | 8.09% |
| ROE | -21.67% | 8.80% |
| ROIC | -12.09% | 4.63% |
Growth (annualized)
| Metric | FLNC | RNW |
|---|---|---|
| Revenue CAGR (5Y) | 29.17% | 17.39% |
| Total return CAGR (5Y) | N/A | -7.23% |
Frequently asked
- Which has grown faster, FLNC or RNW?
- Over the past five years, FLNC grew revenue faster — FLNC at a 29.17% CAGR versus RNW at 17.39%.
- Is FLNC or RNW more profitable?
- RNW runs the higher net margin — FLNC at -3.07% versus RNW at 8.09%.
Go deeper
Dig into the metrics
ReNew Energy Global P/E ratioFluence Energy ROEReNew Energy Global ROEFluence Energy operating marginReNew Energy Global operating marginFluence Energy revenue growthReNew Energy Global revenue growthFluence Energy free cash flowReNew Energy Global free cash flow
Fluence Energy & ReNew Energy Global appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.