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
DateValue
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%