ESS Tech (GWH-WT) Equity Ratio (2020 - 2026)

ESS Tech (GWH-WT) recorded quarterly Equity Ratio of 0.19 in Q1 2026, up 15.47% quarter-over-quarter from 0.17 in Q4 2025, and down 13.73% on a YoY basis from 0.23 in Q1 2025.

ESS Tech (GWH-WT) Equity Ratio (2020 - 2026) Analysis & Trends

ESS Tech's Equity Ratio history runs 7 years deep, the most recent figure standing at 0.19 for Q1 2026.

  • In Q1 2026, Equity Ratio fell 13.73% year-over-year to 0.19; the TTM figure through Mar 2026 stood at 0.19 (down 13.73% YoY), while the FY2025 annual figure was 0.17, down 58.13% from the prior year.
  • Equity Ratio was 0.19 for Q1 2026 at ESS Tech, up from 0.17 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.86 in Q2 2022 to a low of 0.05 in Q3 2025.
  • Historically, Equity Ratio has averaged 0.54 across 5 years, with a median of 0.71 in 2024.
  • The sharpest annual moves came in 2022 and 2025: Equity Ratio soared 239.41% in 2022, then sank 109.61% in 2025.
  • A 5-year view of Equity Ratio shows it stood at 0.79 in 2022, then fell by 8.57% to 0.72 in 2023, then tumbled by 44.26% to 0.4 in 2024, then slumped by 58.13% to 0.17 in 2025, then rose by 15.47% to 0.19 in 2026.
  • The last three Equity Ratio figures came in at 0.19 (Q1 2026), 0.17 (Q4 2025), and 0.05 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Novonix 472.68 Bn 472.63 Bn - 0.57
2 Vertiv Holdings 115.80 Bn 113.29 Bn 999.70 Mn 0.32
3 Bloom Energy 73.20 Bn 70.74 Bn 225.54 Mn 0.20
4 nVent Electric 26.87 Bn 26.68 Bn 445.60 Mn 0.55
5 Hubbell 25.27 Bn 24.77 Bn 505.30 Mn 0.45
6 Advanced Energy Industries 13.35 Bn 13.35 Bn 200.90 Mn 0.53
7 Powell Industries 10.72 Bn 10.17 Bn 87.94 Mn 0.60
8 Ballard Power Systems 10.33 Bn 9.80 Bn 5.64 Mn -
9 Acuity Inc. (De) 9.04 Bn 8.77 Bn 520.40 Mn 0.62
10 ESS Tech - - -7.04 Mn 0.19

Historic Data

Download Data
DateValue
Mar 31, 2026 0.19
Dec 31, 2025 0.17
Sep 30, 2025 -0.05
Jun 30, 2025 0.08
Mar 31, 2025 0.23
Dec 31, 2024 0.40
Sep 30, 2024 0.51
Jun 30, 2024 0.62
Mar 31, 2024 0.71
Dec 31, 2023 0.72
Sep 30, 2023 0.73
Jun 30, 2023 0.76
Mar 31, 2023 0.80
Dec 31, 2022 0.79
Sep 30, 2022 0.82
Jun 30, 2022 0.86
Mar 31, 2022 0.85
Dec 31, 2021 0.82
Sep 30, 2021 -1.07
Jun 30, 2021 -0.97