Electrovaya (ELVA) Return on Assets [ROA] (2023 - 2026)
Electrovaya's Return on Assets [ROA] came in at 5.69% for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 1.67 percentage points from 4.03% a year earlier but down 0.63 percentage points from the prior quarter.
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Analysis
Electrovaya (ELVA) Return on Assets [ROA] (2023 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Electrovaya's Return on Assets [ROA] was 6.50%, up 10.41 percentage points from FY2024.
- Return on Assets [ROA] has increased in each of the last three fiscal years, with a three-year change of +89.42 percentage points (FY2022 to FY2025).
- Going back by fiscal year, Return on Assets [ROA] was -3.91% in FY2024 (+1.13 pp), -5.04% in FY2023 (+77.87 pp) and -82.91% in FY2022.
- The five-year range for quarterly Return on Assets [ROA] is -15.30% (fiscal Q4 2023) to 7.06% (fiscal Q4 2025).
- Year-over-year, Return on Assets [ROA] has increased for three consecutive quarters.
- Business Quant data shows ELVA's Return on Assets [ROA] at 6.32% (Q2 2026), 6.98% (Q1 2026) and 7.06% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 12.40% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 8.57% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 13.58% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 13.76% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 8.19% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 5.07% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 1.49% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 9.76% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 0.86% |
| 10 | Electrovaya | 185.70 Mn | 123.20 Mn | 6.19 Mn | 4.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.68% |
| Mar 31, 2026 | 5.69% |
| Dec 31, 2025 | 4.25% |
| Jun 30, 2025 | 5.34% |
| Mar 31, 2025 | 3.14% |
| Dec 31, 2024 | 1.68% |
| Sep 30, 2023 | -15.80% |
API Access
Electrovaya Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=ELVA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=ELVA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();