Electrovaya (ELVA) Gross Margin (2022 - 2026)
Electrovaya (ELVA) posted quarterly Gross Margin of 33.45% for Q1 2026, up 233.0% year-over-year from 10.04% in Q1 2025, and up 1.74% quarter-over-quarter from 32.88% in Q4 2025.
Electrovaya (ELVA) Gross Margin (2022 - 2026) Analysis & Trends
Electrovaya (ELVA) has reported Gross Margin for 5 consecutive years, with 33.45% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 233.0% year-over-year to 33.45%; the TTM figure through Mar 2026 stood at 31.99% (up 37.0% YoY), while the FY2025 annual figure was 30.9%, up 21.0% from the prior year.
- Gross Margin advanced to 33.45% in Q1 2026 per ELVA's latest filing, from 32.88% in the prior quarter.
- Across five years, Gross Margin topped out at 34.83% in Q1 2024 and bottomed at 20.84% in Q3 2022.
- Historically, Gross Margin has averaged 29.89% across 5 years, with a median of 31.03% in 2025.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 928 bps — and 2025, when it slumped 371 bps.
- Electrovaya's Gross Margin stood at 20.84% in 2022, then surged by 40 bps to 29.19% in 2023, then grew by 6 bps to 31.07% in 2024, then gained by 6 bps to 32.88% in 2025, then climbed by 2 bps to 33.45% in 2026.
- Business Quant data shows ELVA's Gross Margin at 33.45% in Q1 2026, 32.88% in Q4 2025, and 31.03% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 37.71% |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 33.38% |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 37.93% |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 35.81% |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 41.13% |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 50.62% |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 30.57% |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 33.49% |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 48.70% |
| 10 | Electrovaya | 328.13 Mn | 304.60 Mn | 6.04 Mn | 33.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |