Electrovaya (ELVA) Gross Margin (2022 - 2026)
Electrovaya's (ELVA) quarterly Gross Margin came in at 34.93% in Q2 2026, up 413.0% year-over-year from 6.81% in Q2 2025, and up 4.43% quarter-over-quarter from 33.45% in Q1 2026.
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Electrovaya (ELVA) Gross Margin (2022 - 2026) Analysis & Trends
Electrovaya (ELVA) has reported Gross Margin for 5 consecutive years, with 34.93% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 413.0% year-over-year to 34.93% in Q2 2026; TTM through Jun 2026 was 33.0%, a 178.0% increase from a year earlier, with the FY2025 full-year figure at 30.9%, up 21.0% from the prior year.
- Gross Margin was 34.93% for Q2 2026 at Electrovaya, up from 33.45% in the prior quarter.
- Over five years, Gross Margin peaked at 34.93% in Q2 2026 and troughed at 20.84% in Q3 2022.
- A 5-year average of 30.21% and a median of 31.05% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin soared 928 bps in 2024 and tumbled 371 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 20.84% in 2022, then soared by 40 bps to 29.19% in 2023, then advanced by 6 bps to 31.07% in 2024, then increased by 6 bps to 32.88% in 2025, then rose by 6 bps to 34.93% in 2026.
- The last three Gross Margin figures came in at 34.93% (Q2 2026), 33.45% (Q1 2026), and 32.88% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.60 Bn | 6.08 Bn | 313.36 Mn | 33.49% |
| 2 | QuantumScape | 3.38 Bn | 3.38 Bn | - | - |
| 3 | Fluence Energy | 1.91 Bn | 1.40 Bn | 33.24 Mn | 5.12% |
| 4 | Eos Energy Enterprises | 1.32 Bn | 972.43 Mn | -48.80 Mn | -70.96% |
| 5 | Enovix | 727.73 Mn | 729.77 Mn | 1.30 Mn | 14.43% |
| 6 | Energy Vault Holdings | 690.97 Mn | 609.42 Mn | 5.38 Mn | 30.95% |
| 7 | Amprius Technologies | 467.46 Mn | 392.94 Mn | 9.28 Mn | 27.27% |
| 8 | Electrovaya | 290.55 Mn | 277.47 Mn | 6.19 Mn | 34.93% |
| 9 | Microvast Holdings | 265.33 Mn | 122.20 Mn | 25.78 Mn | 29.54% |
| 10 | Ses Ai | 166.91 Mn | 166.91 Mn | 1.15 Mn | 22.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.93% |
| Mar 31, 2026 | 33.45% |
| Dec 31, 2025 | 32.88% |
| Sep 30, 2025 | 31.03% |
| Jun 30, 2025 | 30.80% |
| Mar 31, 2025 | 31.12% |
| Dec 13, 2024 | 31.07% |
| Sep 30, 2024 | 32.64% |
| Jun 30, 2024 | 33.67% |
| Mar 31, 2024 | 34.83% |
| Dec 31, 2023 | 29.19% |
| Sep 30, 2023 | 27.97% |
| Jun 30, 2023 | 28.13% |
| Mar 31, 2023 | 25.55% |
| Sep 30, 2022 | 20.84% |
| Jun 30, 2022 | 25.25% |