Bloom Energy (BE) Operating Margin (2017 - 2026)
Bloom Energy (BE) recorded Operating Margin of 18.24% in Q3 2026, up 16.73 percentage points from 1.51% a year earlier and up 1.14 percentage points from the prior quarter.
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Analysis
Bloom Energy (BE) Operating Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Bloom Energy's Operating Margin came in at 14.82% as of Sep 30, 2026, up 9.87 percentage points year-over-year; for FY2025, it came in at 3.60%, up 2.04 percentage points from FY2024.
- Annual Operating Margin has increased for three straight years, with a five-year change of +13.77 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 1.55% in FY2024 (+17.22 pp), -15.67% in FY2023 (+6.10 pp), -21.77% in FY2022 (-9.99 pp) and -11.78% in FY2021 (-1.61 pp).
- The Q3 2026 figure is the highest quarterly Operating Margin since Q4 2024.
- On a year-over-year basis, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of +10.40 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 23.92 percentage points in Q2 2023, against a drop of 25.24 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 17.11% (Q2 2026), 9.61% (Q1 2026) and 11.26% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn | 11.03% |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn | 18.24% |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn | 44.37% |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn | 18.71% |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 13.86% |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn | 12.40% |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn | 16.58% |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn | 16.18% |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn | 6.19% |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn | 2.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.24% |
| Jun 30, 2026 | 17.11% |
| Mar 31, 2026 | 9.61% |
| Dec 31, 2025 | 11.26% |
| Sep 30, 2025 | 1.51% |
| Jun 30, 2025 | -0.87% |
| Mar 31, 2025 | -5.85% |
| Dec 31, 2024 | 18.29% |
| Sep 30, 2024 | -2.92% |
| Jun 30, 2024 | -6.89% |
| Mar 31, 2024 | -20.83% |
| Dec 31, 2023 | 3.62% |
| Sep 30, 2023 | -25.91% |
| Jun 30, 2023 | -18.09% |
| Mar 31, 2023 | -23.14% |
| Dec 31, 2022 | -8.77% |
| Sep 30, 2022 | -17.99% |
| Jun 30, 2022 | -42.01% |
| Mar 31, 2022 | -32.66% |
| Dec 31, 2021 | -3.94% |
API Access
Bloom Energy Operating 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=operating-margin&ticker=BE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=BE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();