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