Bloom Energy (BE) Gross Margin (2017 - 2026)
Bloom Energy (BE) reported Gross Margin of 30.03% for Q1 2026, up 282.0% on a YoY basis from 7.86% in Q1 2025, and down 2.65% quarter-over-quarter from 30.85% in Q4 2025.
Bloom Energy (BE) Gross Margin (2017 - 2026) Analysis & Trends
Bloom Energy has reported Gross Margin for 10 years, with the latest figure at 30.03% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 282.0% year-over-year to 30.03%; the trailing twelve-month figure through Mar 2026 stood at 29.57% (up 47.0% YoY), and the FY2025 full-year result was 29.02%, up 157.0% from the prior year.
- Gross Margin for Q1 2026 stood at 30.03%, down from 30.85% in the prior quarter.
- The five-year high for Gross Margin was 38.32% in Q4 2024, with the low at 1.3% in Q3 2023.
- Historically, Gross Margin has averaged 20.69% across 5 years, with a median of 20.41% in 2024.
- Annual changes were most pronounced in 2023 — Gross Margin sank 1873 bps — and 2024, when it jumped 2513 bps.
- Bloom Energy's Gross Margin stood at 15.43% in 2022, then soared by 68 bps to 25.89% in 2023, then soared by 48 bps to 38.32% in 2024, then dropped by 19 bps to 30.85% in 2025, then slipped by 3 bps to 30.03% in 2026.
- The last three Gross Margin figures came in at 30.03% (Q1 2026), 30.85% (Q4 2025), and 29.22% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 37.73% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 30.03% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 35.88% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 33.32% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 39.32% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 29.65% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 16.77% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 49.29% |
| 10 | EnerSys | 8.53 Bn | 8.10 Bn | 290.87 Mn | 29.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.03% |
| Dec 31, 2025 | 30.85% |
| Sep 30, 2025 | 29.22% |
| Jun 30, 2025 | 26.70% |
| Mar 31, 2025 | 27.21% |
| Dec 31, 2024 | 38.32% |
| Sep 30, 2024 | 23.83% |
| Jun 30, 2024 | 20.41% |
| Mar 31, 2024 | 16.18% |
| Dec 31, 2023 | 25.89% |
| Sep 30, 2023 | -1.30% |
| Jun 30, 2023 | 18.72% |
| Mar 31, 2023 | 19.72% |
| Dec 31, 2022 | 15.43% |
| Sep 30, 2022 | 17.43% |
| Jun 30, 2022 | -0.81% |
| Mar 31, 2022 | 13.90% |
| Dec 31, 2021 | 20.06% |
| Sep 30, 2021 | 17.80% |
| Jun 30, 2021 | 16.35% |