Electrovaya (ELVA) Gross Margin (2022 - 2026)
Electrovaya's (ELVA) quarterly Gross Margin came in at 33.45% in Q1 2026, up 233.0% year-on-year from 10.04% in Q1 2025, and up 1.74% on a QoQ basis from 32.88% in Q4 2025.
Electrovaya (ELVA) Gross Margin (2022 - 2026) Analysis & Trends
Electrovaya (ELVA) has 5 years of Gross Margin data on file, last reported at 33.45% in Q1 2026.
- On a quarterly basis, Gross Margin rose 233.0% year-over-year to 33.45% in Q1 2026; TTM through Mar 2026 was 31.99%, a 37.0% increase from a year earlier, with the FY2025 full-year figure at 30.9%, up 21.0% from the prior year.
- Gross Margin for Q1 2026 stood at 33.45%, up from 32.88% in the prior quarter.
- Over the last five years, Gross Margin for ELVA reached as high as 34.83% in Q1 2024 and fell as low as 20.84% in Q3 2022.
- Historically, Gross Margin has averaged 29.89% across 5 years, with a median of 31.03% in 2025.
- Across the five-year window, Gross Margin surged 928 bps in 2024 and plunged 371 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 20.84% in 2022, then jumped by 40 bps to 29.19% in 2023, then rose by 6 bps to 31.07% in 2024, then climbed by 6 bps to 32.88% in 2025, then increased by 2 bps to 33.45% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 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 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 33.45% |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 37.73% |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 30.03% |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 33.32% |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 35.88% |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 39.32% |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 50.62% |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 29.65% |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 29.44% |
| 10 | Hayward Holdings | 3.13 Bn | 2.90 Bn | 118.70 Mn | 46.51% |
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% |