ESS Tech (GWH) Gross Margin (2022 - 2026)
ESS Tech's (GWH) quarterly Gross Margin came in at 5498.44% in Q1 2026, down 413834.0% year-on-year from N/an in Q1 2025, and down 1000.25% quarter-over-quarter from 610.77% in Q4 2025.
ESS Tech (GWH) Gross Margin (2022 - 2026) Analysis & Trends
ESS Tech's Gross Margin history runs 5 years deep, the most recent figure standing at 5498.44% for Q1 2026.
- On a quarterly basis, Gross Margin fell 413834.0% year-over-year to 5498.44% in Q1 2026; TTM through Mar 2026 was 2388.76%, a 130317.0% decrease from a year earlier, with the FY2025 full-year figure at 1748.07%, down 102753.0% from the prior year.
- Gross Margin retreated to 5498.44% in Q1 2026 per GWH's latest filing, from 610.77% in the prior quarter.
- Across five years, Gross Margin topped out at 610.77% in Q4 2025 and bottomed at 5498.44% in Q1 2026.
- The 5-year median for Gross Margin is 306.36% (2024), against an average of 1106.26%.
- Across the five-year window, Gross Margin soared 305953 bps in 2025 and tumbled 413834 bps in 2026, its largest moves.
- Year by year, Gross Margin stood at 100.0% in 2022, then slumped by 369 bps to 268.81% in 2023, then plunged by 72 bps to 462.74% in 2024, then surged by 232 bps to 610.77% in 2025, then plunged by 1000 bps to 5498.44% in 2026.
- Per Business Quant, the three latest GWH Gross Margin figures stand at 5498.44% (Q1 2026), 610.77% (Q4 2025), and 2207.94% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 406.66 Bn | 406.64 Bn | 6.04 Mn | 33.45% |
| 2 | Vertiv Holdings | 108.27 Bn | 105.77 Bn | 999.70 Mn | 37.73% |
| 3 | Bloom Energy | 52.18 Bn | 49.69 Bn | 225.54 Mn | 30.03% |
| 4 | Hubbell | 25.86 Bn | 25.34 Bn | 505.30 Mn | 33.32% |
| 5 | nVent Electric | 23.71 Bn | 23.52 Bn | 445.60 Mn | 35.88% |
| 6 | Advanced Energy Industries | 10.80 Bn | 10.10 Bn | 200.90 Mn | 39.32% |
| 7 | Acuity Inc. (De) | 10.07 Bn | 9.66 Bn | 606.40 Mn | 50.62% |
| 8 | Powell Industries | 7.95 Bn | 7.40 Bn | 87.94 Mn | 29.65% |
| 9 | EnerSys | 7.04 Bn | 6.60 Bn | 290.87 Mn | 29.44% |
| 10 | ESS Tech | 22.12 Mn | 654,153.46 | -7.04 Mn | -5,498.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5,498.44% |
| Dec 31, 2025 | 610.77% |
| Sep 30, 2025 | -2,207.94% |
| Jun 30, 2025 | -216.33% |
| Mar 31, 2025 | -1,360.10% |
| Dec 31, 2024 | -462.74% |
| Sep 30, 2024 | -3,449.03% |
| Jun 30, 2024 | -3,275.86% |
| Mar 31, 2024 | -306.36% |
| Dec 31, 2023 | -268.81% |
| Sep 30, 2023 | -559.09% |
| Jun 30, 2023 | 100.00% |
| Mar 31, 2023 | 100.00% |
| Dec 31, 2022 | 100.00% |
| Sep 30, 2022 | 100.00% |