ESS Tech (GWH) Asset Utilization Ratio (2022 - 2026)
ESS Tech's 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 has reported Asset Utilization Ratio for 5 years, with the latest figure at 0.02 in Q1 2026.
- For the quarter ending Q1 2026, Asset Utilization Ratio fell 66.36% year-over-year to 0.02; the trailing twelve-month figure through Mar 2026 stood at 0.02 (down 66.36% YoY), and the FY2025 full-year result was 0.03, down 56.03% from the prior year.
- Asset Utilization Ratio for Q1 2026 stood at 0.02, down from 0.04 in the prior quarter.
- The five-year high for Asset Utilization Ratio was 0.16 in Q3 2025, with the low at 0.0 in Q2 2022.
- Average Asset Utilization Ratio over 5 years is 0.05, with a median of 0.04 recorded in 2023.
- Year-over-year, Asset Utilization Ratio soared 920.87% in 2023 and slumped 66.36% in 2026.
- Tracing GWH's Asset Utilization Ratio over 5 years: stood at 0.0 in 2022, then surged by 920.87% to 0.05 in 2023, then jumped by 49.57% to 0.07 in 2024, then sank by 51.47% to 0.04 in 2025, then sank by 38.51% to 0.02 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.02 (Q1 2026), 0.04 (Q4 2025), and 0.16 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 0.85 |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 0.54 |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 0.63 |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 0.72 |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 0.74 |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 1.00 |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 1.00 |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 0.93 |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 0.30 |
| 10 | ESS Tech | 28.05 Mn | 28.05 Mn | -7.04 Mn | 0.02 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |