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
DateValue
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