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Fluence Energy vs Spectrum Brands: revenue, profit, margins and growth compared

Fluence Energy brought in $2.3B of revenue in fiscal 2025, Spectrum Brands $2.8B in fiscal 2025. Revenue changed by -16.1% at Fluence Energy and -5.2% at Spectrum Brands on the year before, so Spectrum Brands grew faster. Fluence Energy kept -2.1% of its revenue as net profit, Spectrum Brands 3.6%. Free cash flow was -$160.4M at Fluence Energy and $165.3M at Spectrum Brands.

Side by side, latest fiscal year

FLNCSPB
Fiscal year endedFY2025 (September 30, 2025)FY2025 (September 30, 2025)
Revenue$2.3B$2.8B
Revenue growth-16.1%-5.2%
Net income-$48.3M$99.9M
Net margin-2.1%3.6%
Free cash flow-$160.4M$165.3M
Free cash flow margin-7.1%5.9%
Earnings per share (diluted)-$0.37$3.86
Cash$690.8M$123.6M
Debt$0$496.1M
Price to earningsn/a22.0
Market value$1.4B$2B
Dividend yieldn/a2.21%
Rank by revenue in sector#9 of 34 · Other#8 of 34 · Other

Over the years

Revenue
FLNC FY2020: $561.3MFLNC FY2022: $680.8MFLNC FY2022: $1.2BFLNC FY2023: $2.2BFLNC FY2024: $2.7BFLNC FY2025: $2.3BSPB FY2018: $3.8BSPB FY2019: $3.8BSPB FY2020: $2.6BSPB FY2021: $3BSPB FY2022: $3.1BSPB FY2023: $2.9BSPB FY2024: $3BSPB FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
FLNC $2.3BSPB $2.8B
Net income
FLNC FY2020: -$46.7MFLNC FY2022: -$162MFLNC FY2022: -$104.5MFLNC FY2023: -$69.6MFLNC FY2024: $22.7MFLNC FY2025: -$48.3MSPB FY2018: $768.3MSPB FY2019: $494.5MSPB FY2020: $97.8MSPB FY2021: $189.6MSPB FY2022: $71.6MSPB FY2023: $1.8BSPB FY2024: $124.8MSPB FY2025: $99.9MFY18FY19FY20FY21FY22FY23FY24FY25
FLNC -$48.3MSPB $99.9M
Net margin
FLNC FY2020: -8.3%FLNC FY2022: -23.8%FLNC FY2022: -8.7%FLNC FY2023: -3.1%FLNC FY2024: 0.8%FLNC FY2025: -2.1%SPB FY2018: 20.2%SPB FY2019: 13.0%SPB FY2020: 3.7%SPB FY2021: 6.3%SPB FY2022: 2.3%SPB FY2023: 61.7%SPB FY2024: 4.2%SPB FY2025: 3.6%FY18FY19FY20FY21FY22FY23FY24FY25
FLNC -2.1%SPB 3.6%
Revenue growth
FLNC FY2022: +21.3%FLNC FY2022: +76.1%FLNC FY2023: +85.0%FLNC FY2024: +21.7%FLNC FY2025: -16.1%SPB FY2019: -0.2%SPB FY2020: -31.0%SPB FY2021: +14.3%SPB FY2022: +4.5%SPB FY2023: -6.8%SPB FY2024: +1.5%SPB FY2025: -5.2%FY19FY20FY21FY22FY23FY24FY25
FLNC -16.1%SPB -5.2%
Free cash flow
FLNC FY2020: -$15.8MFLNC FY2022: -$269.6MFLNC FY2022: -$290.3MFLNC FY2023: -$114.9MFLNC FY2024: $71.6MFLNC FY2025: -$160.4MSPB FY2018: $267.4MSPB FY2019: -$39.3MSPB FY2020: $246.2MSPB FY2021: $244.8MSPB FY2022: -$117.8MSPB FY2023: -$468.7MSPB FY2024: $118.6MSPB FY2025: $165.3MFY18FY19FY20FY21FY22FY23FY24FY25
FLNC -$160.4MSPB $165.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Fluence Energy and Spectrum Brands

Which is bigger by revenue, Fluence Energy or Spectrum Brands?

Spectrum Brands is bigger by revenue: $2.8B in fiscal 2025, against $2.3B for Fluence Energy in fiscal 2025.

Which keeps more of its revenue as profit, Fluence Energy or Spectrum Brands?

Fluence Energy had a net margin of -2.1% in fiscal 2025; Spectrum Brands had 3.6% in fiscal 2025.

Which grew revenue faster, Fluence Energy or Spectrum Brands?

In their latest fiscal years revenue changed by -16.1% at Fluence Energy and -5.2% at Spectrum Brands.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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