Eos Energy Enterprises, Inc.
$1.66B- Market cap
- $1.41B
- Debt
- +$813.64M
- Cash
- −$567.99M
Capital structure 63% equity / 37% debt · EV / Revenue 14.52x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: EOSE stock price at premium vs ILMN $3.88 current versus $2.38 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ILMN's multiple
Implied fair value · at EOSE's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: EOSE FY 2025 (ended Dec 31, 2025) · ILMN FY 2025 (ended Dec 28, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 63% equity / 37% debt · EV / Revenue 14.52x
Capital structure 99% equity / 1% debt · EV / Revenue 7.65x · EV / EBITDA 22.91x
ILMN carries the larger enterprise value at $33.24B against $1.66B; ILMN trades on the lower EV / Revenue multiple (7.65x vs 14.52x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Eos Energy Enterprises, Inc. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
ILLUMINA, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
-0.36x
0.18x
Net debt / EBITDA
Leverage against operating earnings
-0.26x
0.20x
Cash and equivalents
Liquid reserves on the balance sheet
$567.99M
$215.00M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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EOSE vs NTRA
$813.64M
$499.00M
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe EOSE can convert its 631.8% revenue growth into sustained positive gross and operating margins, then a tactical long position may be justified despite the valuation gap, because the current market price is well above ILMN-implied P/S value but still within the historical trading band.
EOSE’s current price of $6.21 sits 69.1% above the $1.92 ILMN-implied price from the P/S framework, indicating a large relative valuation premium. Even though the stock is within its historical band of $5.59 to $6.83, the gap versus ILMN multiple is driven by EOSE’s much weaker margin profile and lack of earnings power versus ILMN.
Supporting Metrics