ESS Tech (GWH-WT) Asset Utilization Ratio (2022 - 2026)
ESS Tech (GWH-WT) recorded quarterly Asset Utilization Ratio of 0.02 in Q1 2026, down 38.51% quarter-over-quarter from 0.04 in Q4 2025, and down 66.36% on a YoY basis from 0.07 in Q1 2025.
ESS Tech (GWH-WT) Asset Utilization Ratio (2022 - 2026) Analysis & Trends
ESS Tech's Asset Utilization Ratio history runs 5 years deep, the most recent figure standing at 0.02 for Q1 2026.
- In Q1 2026, Asset Utilization Ratio fell 66.36% year-over-year to 0.02; the TTM figure through Mar 2026 stood at 0.02 (down 66.36% YoY), while the FY2025 annual figure was 0.03, down 56.03% from the prior year.
- Asset Utilization Ratio was 0.02 for Q1 2026 at ESS Tech, down from 0.04 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 0.16 in Q3 2025 to a low of 0.0 in Q2 2022.
- Historically, Asset Utilization Ratio has averaged 0.05 across 5 years, with a median of 0.04 in 2023.
- The sharpest annual moves came in 2023 and 2026: Asset Utilization Ratio jumped 920.87% in 2023, then slumped 66.36% in 2026.
- A 5-year view of Asset Utilization Ratio shows it stood at 0.0 in 2022, then jumped by 920.87% to 0.05 in 2023, then soared by 49.57% to 0.07 in 2024, then slumped by 51.47% to 0.04 in 2025, then slumped by 38.51% to 0.02 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.02 (Q1 2026), 0.04 (Q4 2025), and 0.16 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 472.68 Bn | 472.63 Bn | - | - |
| 2 | Vertiv Holdings | 115.80 Bn | 113.29 Bn | 999.70 Mn | 0.85 |
| 3 | Bloom Energy | 73.20 Bn | 70.74 Bn | 225.54 Mn | 0.54 |
| 4 | nVent Electric | 26.87 Bn | 26.68 Bn | 445.60 Mn | 0.63 |
| 5 | Hubbell | 25.27 Bn | 24.77 Bn | 505.30 Mn | 0.72 |
| 6 | Advanced Energy Industries | 13.35 Bn | 13.35 Bn | 200.90 Mn | 0.74 |
| 7 | Powell Industries | 10.72 Bn | 10.17 Bn | 87.94 Mn | 1.00 |
| 8 | Ballard Power Systems | 10.33 Bn | 9.80 Bn | 5.64 Mn | 0.14 |
| 9 | Acuity Inc. (De) | 9.04 Bn | 8.77 Bn | 520.40 Mn | 1.00 |
| 10 | ESS Tech | - | - | -7.04 Mn | 0.02 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.02 |
| Dec 31, 2025 | 0.04 |
| Sep 30, 2025 | 0.16 |
| Jun 30, 2025 | 0.13 |
| Mar 31, 2025 | 0.07 |
| Dec 31, 2024 | 0.07 |
| Sep 30, 2024 | 0.06 |
| Jun 30, 2024 | 0.06 |
| Mar 31, 2024 | 0.07 |
| Dec 31, 2023 | 0.05 |
| Sep 30, 2023 | 0.03 |
| Jun 30, 2023 | 0.02 |
| Mar 31, 2023 | 0.01 |
| Dec 31, 2022 | 0.00 |
| Sep 30, 2022 | 0.00 |
| Jun 30, 2022 | 0.00 |