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| 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 |