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| Date | Value |
|---|---|
| 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 |