ESS Tech (GWH) EBITDA Margin (2022 - 2026)

ESS Tech's (GWH) quarterly EBITDA Margin came in at 10765.62% in Q1 2026, down 773624.0% year-on-year from N/an in Q1 2025, and down 1055.45% quarter-over-quarter from 1126.76% in Q4 2025.

ESS Tech (GWH) EBITDA Margin (2022 - 2026) Analysis & Trends

ESS Tech's EBITDA Margin history runs 5 years deep, the most recent figure standing at 10765.62% for Q1 2026.

  • On a quarterly basis, EBITDA Margin fell 773624.0% year-over-year to 10765.62% in Q1 2026; TTM through Mar 2026 was 4769.87%, a 264163.0% decrease from a year earlier, with the FY2025 full-year figure at 3626.47%, down 219997.0% from the prior year.
  • EBITDA Margin slipped to 10765.62% in Q1 2026 per GWH's latest filing, from 1126.76% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 1126.76% in Q4 2025 and bottomed at 196225.0% in Q4 2022.
  • The 5-year median for EBITDA Margin is 3276.79% (2022), against an average of 16000.7%.
  • Across the five-year window, EBITDA Margin soared 19554313 bps in 2023 and sank 773624 bps in 2026, its largest moves.
  • Year by year, EBITDA Margin stood at 196225.0% in 2022, then surged by 100 bps to 681.87% in 2023, then fell by 21 bps to 824.46% in 2024, then soared by 237 bps to 1126.76% in 2025, then sank by 1055 bps to 10765.62% in 2026.
  • Per Business Quant, the three latest GWH EBITDA Margin figures stand at 10765.62% (Q1 2026), 1126.76% (Q4 2025), and 4584.58% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Electrovaya 406.66 Bn 406.64 Bn 6.04 Mn 12.10%
2 Vertiv Holdings 108.27 Bn 105.77 Bn 999.70 Mn 16.61%
3 Bloom Energy 52.18 Bn 49.69 Bn 225.54 Mn 9.61%
4 Hubbell 25.86 Bn 25.34 Bn 505.30 Mn 17.39%
5 nVent Electric 23.71 Bn 23.52 Bn 445.60 Mn 15.76%
6 Advanced Energy Industries 10.80 Bn 10.10 Bn 200.90 Mn 13.37%
7 Acuity Inc. (De) 10.07 Bn 9.66 Bn 606.40 Mn 16.14%
8 Powell Industries 7.95 Bn 7.40 Bn 87.94 Mn 19.41%
9 EnerSys 7.04 Bn 6.60 Bn 290.87 Mn 12.52%
10 ESS Tech 22.12 Mn 654,153.46 -7.04 Mn -10,765.63%

Historic Data

Download Data
DateValue
Mar 31, 2026 -10,765.63%
Dec 31, 2025 1,126.76%
Sep 30, 2025 -4,584.58%
Jun 30, 2025 -490.12%
Mar 31, 2025 -3,029.38%
Dec 31, 2024 -824.46%
Sep 30, 2024 -6,596.66%
Jun 30, 2024 -6,645.11%
Mar 31, 2024 -711.98%
Dec 31, 2023 -681.87%
Sep 30, 2023 -1,173.72%
Jun 30, 2023 -856.28%
Mar 31, 2023 -6,585.75%
Dec 31, 2022 -196,225.00%
Sep 30, 2022 -14,443.23%
Jun 30, 2022 -3,524.20%