ESS Tech (GWH-WT) FCF Margin (2022 - 2026)

ESS Tech (GWH-WT) recorded quarterly FCF Margin of 10529.69% in Q1 2026, down 1542.1% quarter-over-quarter from 730.16% in Q4 2025, and down 735773.0% on a YoY basis from N/an in Q1 2025.

ESS Tech (GWH-WT) FCF Margin (2022 - 2026) Analysis & Trends

ESS Tech's FCF Margin history runs 5 years deep, the most recent figure standing at 10529.69% for Q1 2026.

  • In Q1 2026, FCF Margin fell 735773.0% year-over-year to 10529.69%; the TTM figure through Mar 2026 stood at 4029.32% (down 226372.0% YoY), while the FY2025 annual figure was 3179.28%, down 200684.0% from the prior year.
  • FCF Margin was 10529.69% for Q1 2026 at ESS Tech, down from 730.16% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 730.16% in Q4 2025 to a low of 154000.0% in Q4 2022.
  • Historically, FCF Margin has averaged 12586.75% across 5 years, with a median of 1752.51% in 2022.
  • The sharpest annual moves came in 2023 and 2026: FCF Margin soared 15354793 bps in 2023, then slumped 735773 bps in 2026.
  • A 5-year view of FCF Margin shows it stood at 154000.0% in 2022, then surged by 100 bps to 452.07% in 2023, then sank by 42 bps to 639.96% in 2024, then surged by 214 bps to 730.16% in 2025, then plunged by 1542 bps to 10529.69% in 2026.
  • The last three FCF Margin figures came in at 10529.69% (Q1 2026), 730.16% (Q4 2025), and 1803.27% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Novonix 472.68 Bn 472.63 Bn - -
2 Vertiv Holdings 115.80 Bn 113.29 Bn 999.70 Mn 28.89%
3 Bloom Energy 73.20 Bn 70.74 Bn 225.54 Mn 6.31%
4 nVent Electric 26.87 Bn 26.68 Bn 445.60 Mn 3.95%
5 Hubbell 25.27 Bn 24.77 Bn 505.30 Mn 3.03%
6 Advanced Energy Industries 13.35 Bn 13.35 Bn 200.90 Mn -8.26%
7 Powell Industries 10.72 Bn 10.17 Bn 87.94 Mn 16.63%
8 Ballard Power Systems 10.33 Bn 9.80 Bn 5.64 Mn -13.40%
9 Acuity Inc. (De) 9.04 Bn 8.77 Bn 520.40 Mn 6.94%
10 ESS Tech - - -7.04 Mn -10,529.69%

Historic Data

Download Data
DateValue
Mar 31, 2026 -10,529.69%
Dec 31, 2025 730.16%
Sep 30, 2025 -1,803.27%
Jun 30, 2025 -673.20%
Mar 31, 2025 -3,171.95%
Dec 31, 2024 -639.96%
Sep 30, 2024 -5,534.82%
Jun 30, 2024 -4,675.00%
Mar 31, 2024 -709.53%
Dec 31, 2023 -452.07%
Sep 30, 2023 -291.07%
Jun 30, 2023 -683.76%
Mar 31, 2023 -5,143.28%
Dec 31, 2022 -154,000.00%
Sep 30, 2022 -12,108.85%
Jun 30, 2022 -1,701.75%