Electrovaya (ELVA) Return on Assets [ROA] (2023 - 2026)
Electrovaya's Return on Assets [ROA] came in at 4.87% for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 0.69 percentage points from 5.56% a year earlier and down 0.93 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 fiscal Q3 2026 figure represents the lowest quarterly Return on Assets [ROA] since fiscal Q4 2023.
- Business Quant data shows ELVA's Return on Assets [ROA] at 5.79% (Q2 2026), 6.21% (Q1 2026) and 8.36% (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 | 252.99 Bn | 214.06 Bn | 2.36 Bn | 12.18% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 4.88% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 13.06% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 8.14% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 4.56% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 14.25% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 8.86% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 4.75% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 0.73% |
| 10 | Electrovaya | 274.55 Mn | 212.05 Mn | 6.19 Mn | 4.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.87% |
| Mar 31, 2026 | 5.79% |
| Dec 31, 2025 | 6.21% |
| Sep 30, 2025 | 8.36% |
| Jun 30, 2025 | 5.56% |
| Sep 30, 2023 | -13.90% |
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();