ESS Tech (GWH) Asset Utilization Ratio (2022 - 2026)

ESS Tech's (GWH) quarterly Asset Utilization Ratio came in at 0.02 in Q1 2026, down 66.36% year-on-year from 0.07 in Q1 2025, and down 38.51% quarter-over-quarter from 0.04 in Q4 2025.

ESS Tech (GWH) Asset Utilization Ratio (2022 - 2026) Analysis & Trends

ESS Tech's Asset Utilization Ratio history runs 5 years deep, the most recent figure standing at 0.02 for Q1 2026.

  • On a quarterly basis, Asset Utilization Ratio fell 66.36% year-over-year to 0.02 in Q1 2026; TTM through Mar 2026 was 0.02, a 66.36% decrease from a year earlier, with the FY2025 full-year figure at 0.03, down 56.03% from the prior year.
  • Asset Utilization Ratio declined to 0.02 in Q1 2026 per GWH's latest filing, from 0.04 in the prior quarter.
  • Across five years, Asset Utilization Ratio topped out at 0.16 in Q3 2025 and bottomed at 0.0 in Q2 2022.
  • The 5-year median for Asset Utilization Ratio is 0.04 (2023), against an average of 0.05.
  • Across the five-year window, Asset Utilization Ratio soared 920.87% in 2023 and slumped 66.36% in 2026, its largest moves.
  • Year by year, Asset Utilization Ratio stood at 0.0 in 2022, then jumped by 920.87% to 0.05 in 2023, then soared by 49.57% to 0.07 in 2024, then plunged by 51.47% to 0.04 in 2025, then plunged by 38.51% to 0.02 in 2026.
  • Per Business Quant, the three latest GWH Asset Utilization Ratio figures stand at 0.02 (Q1 2026), 0.04 (Q4 2025), and 0.16 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 0.69
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 0.85
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 0.54
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 0.72
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 0.63
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 0.74
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 1.00
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 1.00
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 0.93
10 ESS Tech 22.34 Mn 22.34 Mn -7.04 Mn 0.02

Historic Data

Download Data
DateValue
Mar 31, 2026 0.02
Dec 31, 2025 0.04
Sep 30, 2025 0.16
Jun 30, 2025 0.13
Mar 31, 2025 0.07
Dec 31, 2024 0.07
Sep 30, 2024 0.06
Jun 30, 2024 0.06
Mar 31, 2024 0.07
Dec 31, 2023 0.05
Sep 30, 2023 0.03
Jun 30, 2023 0.02
Mar 31, 2023 0.01
Dec 31, 2022 0.00
Sep 30, 2022 0.00
Jun 30, 2022 0.00