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 1.78 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 three straight quarters, with an average year-over-year change of +0.68 percentage points over the last seven quarters.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q4 2023 (a gain of 7.13 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 | 252.99 Bn | 214.06 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 49.89% |
| 10 | Electrovaya | 274.55 Mn | 212.05 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% |
| 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% |
| 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();