ESS Tech (GWH-WT) Operating Margin (2022 - 2026)
ESS Tech (GWH-WT) recorded quarterly Operating Margin of 10765.62% in Q1 2026, down 1055.45% quarter-over-quarter from 1126.76% in Q4 2025, and down 773624.0% on a YoY basis from N/an in Q1 2025.
ESS Tech (GWH-WT) Operating Margin (2022 - 2026) Analysis & Trends
ESS Tech's Operating Margin history runs 5 years deep, the most recent figure standing at 10765.62% for Q1 2026.
- In Q1 2026, Operating Margin fell 773624.0% year-over-year to 10765.62%; the TTM figure through Mar 2026 stood at 4769.87% (down 264163.0% YoY), while the FY2025 annual figure was 3626.47%, down 219997.0% from the prior year.
- Operating Margin was 10765.62% for Q1 2026 at ESS Tech, down from 1126.76% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 1126.76% in Q4 2025 to a low of 196225.0% in Q4 2022.
- Historically, Operating Margin has averaged 16000.7% across 5 years, with a median of 3276.79% in 2022.
- The sharpest annual moves came in 2023 and 2026: Operating Margin jumped 19554313 bps in 2023, then sank 773624 bps in 2026.
- A 5-year view of Operating Margin shows it stood at 196225.0% in 2022, then surged by 100 bps to 681.87% in 2023, then fell by 21 bps to 824.46% in 2024, then soared by 237 bps to 1126.76% in 2025, then tumbled by 1055 bps to 10765.62% in 2026.
- The last three Operating Margin figures came in at 10765.62% (Q1 2026), 1126.76% (Q4 2025), and 4584.58% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 472.68 Bn | 472.63 Bn | - | - |
| 2 | Vertiv Holdings | 115.80 Bn | 113.29 Bn | 999.70 Mn | 16.61% |
| 3 | Bloom Energy | 73.20 Bn | 70.74 Bn | 225.54 Mn | 9.61% |
| 4 | nVent Electric | 26.87 Bn | 26.68 Bn | 445.60 Mn | 15.76% |
| 5 | Hubbell | 25.27 Bn | 24.77 Bn | 505.30 Mn | 17.39% |
| 6 | Advanced Energy Industries | 13.35 Bn | 13.35 Bn | 200.90 Mn | 13.37% |
| 7 | Powell Industries | 10.72 Bn | 10.17 Bn | 87.94 Mn | 19.41% |
| 8 | Ballard Power Systems | 10.33 Bn | 9.80 Bn | 5.64 Mn | -33.48% |
| 9 | Acuity Inc. (De) | 9.04 Bn | 8.77 Bn | 520.40 Mn | 12.60% |
| 10 | ESS Tech | - | - | -7.04 Mn | -10,765.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -10,765.63% |
| Dec 31, 2025 | 1,126.76% |
| Sep 30, 2025 | -4,584.58% |
| Jun 30, 2025 | -490.12% |
| Mar 31, 2025 | -3,029.38% |
| Dec 31, 2024 | -824.46% |
| Sep 30, 2024 | -6,596.66% |
| Jun 30, 2024 | -6,645.11% |
| Mar 31, 2024 | -711.98% |
| Dec 31, 2023 | -681.87% |
| Sep 30, 2023 | -1,173.72% |
| Jun 30, 2023 | -856.28% |
| Mar 31, 2023 | -6,585.75% |
| Dec 31, 2022 | -196,225.00% |
| Sep 30, 2022 | -14,443.23% |
| Jun 30, 2022 | -3,524.20% |