Electrovaya (ELVA) Gross Margin (2022 - 2026)
Electrovaya's Gross Margin was 34.93% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 4.13 percentage points from 30.80% a year earlier and up 1.48 percentage points from the prior quarter.
Electrovaya (ELVA) Gross Margin (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, Electrovaya's Gross Margin was 33.00% through Jun 30, 2026, up 3.23 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 30.90%, up 0.21 percentage points from FY2024.
- Gross Margin has now increased for three consecutive fiscal years, with a three-year change of +7.09 percentage points (FY2022 to FY2025).
- In earlier fiscal years, Gross Margin was 30.68% in FY2024 (+3.77 pp), 26.91% in FY2023 (+3.10 pp) and 23.81% in FY2022.
- The fiscal Q3 2026 figure marks the highest quarterly Gross Margin in data going back to fiscal Q3 2022.
- Compared with a year earlier, Gross Margin has increased for four straight quarters, with an average year-over-year change of +0.83 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q2 2024 (a gain of 9.28 percentage points); the worst was fiscal Q2 2025 (a drop of 3.71 percentage points).
- Per Business Quant data, ELVA's Gross Margin in the three fiscal quarters before Q3 2026 was 33.45% (Q2 2026), 32.88% (Q1 2026) and 31.03% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 24.58% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 33.75% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 57.93% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 31.13% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 23.84% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 39.86% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 31.48% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 29.93% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 47.34% |
| 10 | Electrovaya | 185.70 Mn | 123.20 Mn | 6.19 Mn | 34.93% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.93% |
| Mar 31, 2026 | 33.45% |
| Dec 31, 2025 | 32.88% |
| Jun 30, 2025 | 30.80% |
| Mar 31, 2025 | 31.12% |
| Dec 31, 2024 | 30.51% |
| Jun 30, 2024 | 33.67% |
| Mar 31, 2024 | 34.83% |
| Dec 31, 2023 | 29.19% |
| Jun 30, 2023 | 28.13% |
| Mar 31, 2023 | 25.58% |
| Sep 30, 2022 | 20.84% |
| Jun 30, 2022 | 25.25% |
Electrovaya Gross 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=gross-margin&ticker=ELVA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ELVA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ELVA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();