Bloom Energy (BE) Gross Margin (2017 - 2026)
Bloom Energy (BE) posted Gross Margin of 30.03% for Q1 2026, down 2.65% on a QoQ basis from 30.85% in Q4 2025, and up 282.0% year-over-year from 7.86% in Q1 2025.
Bloom Energy (BE) Gross Margin (2017 - 2026) Analysis & Trends
Bloom Energy's Gross Margin history runs 10 years deep, the most recent figure standing at 30.03% for Q1 2026.
- Quarterly Gross Margin rose 282.0% year-over-year to 30.03% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 29.57% (up 47.0% YoY) and the FY2025 annual result came in at 29.02%, up 157.0% from the prior year.
- Gross Margin was 30.03% for Q1 2026 at Bloom Energy, down from 30.85% in the prior quarter.
- Across five years, Gross Margin topped out at 38.32% in Q4 2024 and bottomed at 1.3% in Q3 2023.
- A 5-year average of 20.69% and a median of 20.41% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin plunged 1873 bps — and 2024, when it jumped 2513 bps.
- Bloom Energy's Gross Margin stood at 15.43% in 2022, then surged by 68 bps to 25.89% in 2023, then surged by 48 bps to 38.32% in 2024, then fell by 19 bps to 30.85% in 2025, then declined by 3 bps to 30.03% in 2026.
- Business Quant data shows BE's Gross Margin at 30.03% in Q1 2026, 30.85% in Q4 2025, and 29.22% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 33.45% |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 37.73% |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 30.03% |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 33.32% |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 35.88% |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 39.32% |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 50.62% |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 29.65% |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 29.44% |
| 10 | Hayward Holdings | 3.13 Bn | 2.90 Bn | 118.70 Mn | 46.51% |
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% |