Bloom Energy (BE) Gross Margin (2017 - 2026)
Bloom Energy posted quarterly Gross Margin of 30.03% for Q1 2026, up 282.0% year-on-year from 7.86% in Q1 2025, and down 2.65% on a QoQ basis from 30.85% in Q4 2025.
Bloom Energy (BE) has 10 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 38.32% in Q4 2024 and bottomed at 1.3% in Q3 2023.
- The 5-year median for Gross Margin is 20.41% (2024), against an average of 20.69%.
- The widest annual swing landed in 2023, when Gross Margin tumbled 1873 bps; it then jumped 2513 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 15.43% in 2022, then jumped by 68 bps to 25.89% in 2023, then jumped by 48 bps to 38.32% in 2024, then declined by 19 bps to 30.85% in 2025, then dropped 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 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 37.73% |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 30.03% |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 35.88% |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 33.32% |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 39.32% |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 29.65% |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 49.29% |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 29.44% |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -13.21% |
| 10 | Hayward Holdings | 3.01 Bn | 2.78 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% |
| Mar 31, 2021 | 28.17% |
| Dec 31, 2020 | 25.51% |
| Sep 30, 2020 | 27.95% |
| Jun 30, 2020 | 13.97% |
| Mar 31, 2020 | 12.72% |
| Dec 31, 2019 | 11.68% |
| Sep 30, 2019 | 19.05% |
| Jun 30, 2019 | 14.15% |
| Mar 31, 2019 | 1.06% |
| Dec 31, 2018 | 4.40% |
| Sep 30, 2018 | 16.26% |
| Jun 30, 2018 | 19.51% |
| Mar 31, 2018 | 26.36% |
| Dec 31, 2017 | 9.78% |
| Sep 30, 2017 | -16.09% |
| Jun 30, 2017 | -6.69% |
| Mar 31, 2017 | -12.74% |