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

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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