ESS Tech (GWH-WT) Invested Capital (2020 - 2026)

ESS Tech (GWH-WT) recorded quarterly Invested Capital of $19.5 million in Q1 2026, up 2.78% quarter-over-quarter from $19.0 million in Q4 2025, and up 61.82% on a YoY basis from $12.1 million in Q1 2025.

ESS Tech (GWH-WT) Invested Capital (2020 - 2026) Analysis & Trends

ESS Tech's Invested Capital history runs 7 years deep, the most recent figure standing at $19.5 million for Q1 2026.

  • In Q1 2026, Invested Capital rose 61.82% year-over-year to $19.5 million; the TTM figure through Mar 2026 stood at $19.5 million (up 61.82% YoY), while the FY2025 annual figure was $19.0 million, down 34.16% from the prior year.
  • Invested Capital was $19.5 million for Q1 2026 at ESS Tech, up from $19.0 million in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $202.7 million in Q1 2022 to a low of $3.3 million in Q2 2025.
  • Historically, Invested Capital has averaged $83.9 million across 5 years, with a median of $87.8 million in 2024.
  • The sharpest annual moves came in 2022 and 2025: Invested Capital surged 233.14% in 2022, then tumbled 95.21% in 2025.
  • A 5-year view of Invested Capital shows it stood at $138.9 million in 2022, then decreased by 25.58% to $103.4 million in 2023, then tumbled by 72.05% to $28.9 million in 2024, then slumped by 34.16% to $19.0 million in 2025, then gained by 2.78% to $19.5 million in 2026.
  • The last three Invested Capital figures came in at $19.5 million (Q1 2026), $19.0 million (Q4 2025), and $8.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - 141.20 Mn
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 7.17 Bn
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 921.47 Mn
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 5.35 Bn
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 4.32 Bn
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 1.95 Bn
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn -
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn 709.07 Mn
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 3.04 Bn
10 ESS Tech - - -7.04 Mn 19.55 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 19.55 Mn
Dec 31, 2025 19.02 Mn
Sep 30, 2025 8.73 Mn
Jun 30, 2025 3.30 Mn
Mar 31, 2025 12.08 Mn
Dec 31, 2024 28.88 Mn
Sep 30, 2024 49.20 Mn
Jun 30, 2024 69.04 Mn
Mar 31, 2024 87.82 Mn
Dec 31, 2023 103.36 Mn
Sep 30, 2023 116.46 Mn
Jun 30, 2023 98.43 Mn
Mar 31, 2023 118.76 Mn
Dec 31, 2022 138.89 Mn
Sep 30, 2022 160.57 Mn
Jun 30, 2022 189.68 Mn
Mar 31, 2022 202.75 Mn
Dec 31, 2021 208.93 Mn
Sep 30, 2021 -267.59 Mn
Jun 30, 2021 -242.35 Mn