Bloom Energy (BE) Net Margin (2017 - 2026)
Bloom Energy (BE) recorded Net Margin of 20.25% in Q3 2026, up 24.70 percentage points from -4.45% a year earlier and up 1.83 percentage points from the prior quarter.
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Analysis
Bloom Energy (BE) Net Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Bloom Energy's Net Margin came in at 13.53% as of Sep 30, 2026, up 12.69 percentage points year-over-year; for FY2025, it was -4.37%, down 2.39 percentage points from FY2024.
- Annual Net Margin has a five-year change of +15.47 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at -1.98% in FY2024 (+20.67 pp), -22.66% in FY2023 (+2.50 pp), -25.16% in FY2022 (-8.25 pp) and -16.92% in FY2021 (+2.92 pp).
- The Q3 2026 figure is the highest quarterly Net Margin in data going back to Q1 2017.
- On a year-over-year basis, Net Margin has increased for three consecutive quarters, with an average year-over-year change of +11.78 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 37.77 percentage points in Q3 2024, against a drop of 26.30 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 18.42% (Q2 2026), 9.41% (Q1 2026) and 0.14% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn | 10.21% |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn | 20.25% |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn | 46.39% |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn | 14.92% |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 10.67% |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn | 8.44% |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn | 9.50% |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn | 12.45% |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn | 2.66% |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn | 7.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.25% |
| Jun 30, 2026 | 18.42% |
| Mar 31, 2026 | 9.41% |
| Dec 31, 2025 | 0.14% |
| Sep 30, 2025 | -4.45% |
| Jun 30, 2025 | -10.62% |
| Mar 31, 2025 | -7.30% |
| Dec 31, 2024 | 18.31% |
| Sep 30, 2024 | -4.45% |
| Jun 30, 2024 | -18.40% |
| Mar 31, 2024 | -24.45% |
| Dec 31, 2023 | 1.26% |
| Sep 30, 2023 | -42.22% |
| Jun 30, 2023 | -21.94% |
| Mar 31, 2023 | -26.01% |
| Dec 31, 2022 | -10.20% |
| Sep 30, 2022 | -19.53% |
| Jun 30, 2022 | -48.84% |
| Mar 31, 2022 | -39.13% |
| Dec 31, 2021 | -9.74% |
API Access
Bloom Energy Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=BE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "BE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=BE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();