ESS Tech (GWH-WT) Return on Capital Employed (2021 - 2026)
ESS Tech (GWH-WT) recorded quarterly Return on Capital Employed of 197.48% in Q1 2026, up 36.82% quarter-over-quarter from 312.56% in Q4 2025, and up 2118.0% on a YoY basis from 8.9% in Q1 2025.
ESS Tech (GWH-WT) Return on Capital Employed (2021 - 2026) Analysis & Trends
ESS Tech's Return on Capital Employed history runs 6 years deep, the most recent figure standing at 197.48% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 2118.0% year-over-year to 197.48%; the TTM figure through Mar 2026 stood at 197.48% (up 2118.0% YoY), while the FY2025 annual figure was 158.58%, down 4622.0% from the prior year.
- Return on Capital Employed was 197.48% for Q1 2026 at ESS Tech, up from 312.56% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 33.19% in Q1 2022 to a low of 447.58% in Q3 2025.
- Historically, Return on Capital Employed has averaged 145.36% across 5 years, with a median of 87.35% in 2024.
- The sharpest annual moves came in 2025 and 2026: Return on Capital Employed slumped 32875 bps in 2025, then surged 2118 bps in 2026.
- A 5-year view of Return on Capital Employed shows it stood at 68.18% in 2022, then climbed by 4 bps to 65.49% in 2023, then plunged by 142 bps to 158.51% in 2024, then tumbled by 97 bps to 312.56% in 2025, then surged by 37 bps to 197.48% in 2026.
- The last three Return on Capital Employed figures came in at 197.48% (Q1 2026), 312.56% (Q4 2025), and 447.58% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 472.68 Bn | 472.63 Bn | - | - |
| 2 | Vertiv Holdings | 115.80 Bn | 113.29 Bn | 999.70 Mn | 26.52% |
| 3 | Bloom Energy | 73.20 Bn | 70.74 Bn | 225.54 Mn | 4.38% |
| 4 | nVent Electric | 26.87 Bn | 26.68 Bn | 445.60 Mn | 11.66% |
| 5 | Hubbell | 25.27 Bn | 24.77 Bn | 505.30 Mn | 18.97% |
| 6 | Advanced Energy Industries | 13.35 Bn | 13.35 Bn | 200.90 Mn | 13.11% |
| 7 | Powell Industries | 10.72 Bn | 10.17 Bn | 87.94 Mn | 32.43% |
| 8 | Ballard Power Systems | 10.33 Bn | 9.80 Bn | 5.64 Mn | -16.28% |
| 9 | Acuity Inc. (De) | 9.04 Bn | 8.77 Bn | 520.40 Mn | 15.83% |
| 10 | ESS Tech | - | - | -7.04 Mn | -197.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -197.48% |
| Dec 31, 2025 | -312.56% |
| Sep 30, 2025 | -447.58% |
| Jun 30, 2025 | -339.55% |
| Mar 31, 2025 | -218.66% |
| Dec 31, 2024 | -158.51% |
| Sep 30, 2024 | -118.83% |
| Jun 30, 2024 | -87.35% |
| Mar 31, 2024 | -71.25% |
| Dec 31, 2023 | -65.49% |
| Sep 30, 2023 | -78.86% |
| Jun 30, 2023 | -93.85% |
| Mar 31, 2023 | -78.41% |
| Dec 31, 2022 | -68.18% |
| Sep 30, 2022 | -57.86% |
| Jun 30, 2022 | -43.44% |
| Mar 31, 2022 | -33.19% |
| Dec 31, 2021 | -25.62% |
| Sep 30, 2021 | -12.16% |
| Jun 30, 2021 | -7.68% |