ESS Tech (GWH) Asset Utilization Ratio (2022 - 2026)
ESS Tech (GWH) posted Asset Utilization Ratio of 0.03 for Q2 2026, down 229.82% on a QoQ basis from 0.02 in Q1 2026, and down 121.88% year-over-year from 0.13 in Q2 2025.
Analysis
ESS Tech (GWH) Asset Utilization Ratio (2022 - 2026) Analysis & Trends
ESS Tech has reported Asset Utilization Ratio for 5 years, with the latest figure at 0.03 in Q2 2026.
- On a quarterly basis, Asset Utilization Ratio fell 121.88% year-over-year to 0.03 in Q2 2026; TTM through Jun 2026 was 0.03, a 121.88% decrease from a year earlier, with the FY2025 full-year figure at 0.03, down 56.03% from the prior year.
- Asset Utilization Ratio was 0.03 for Q2 2026 at ESS Tech, down from 0.02 in the prior quarter.
- The five-year high for Asset Utilization Ratio was 0.16 in Q3 2025, with the low at 0.03 in Q2 2026.
- Average Asset Utilization Ratio over 5 years is 0.05, with a median of 0.04 recorded in 2025.
- The sharpest annual moves came in 2023 and 2026: Asset Utilization Ratio surged 920.87% in 2023, then plunged 121.88% in 2026.
- Over 5 years, Asset Utilization Ratio 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 plunged by 179.83% to 0.03 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.03 (Q2 2026), 0.02 (Q1 2026), and 0.04 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 0.95 |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | - |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | 0.25 |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | 1.06 |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | 0.68 |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | 0.04 |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | 0.78 |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | 0.64 |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | 0.38 |
| 10 | ESS Tech | 12.59 Mn | 12.59 Mn | -7.42 Mn | -0.03 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.03 |
| 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 |