ESS Tech (GWH) Gross Margin (2022 - 2026)
ESS Tech (GWH) posted quarterly Gross Margin of 5498.44% for Q1 2026, down 413834.0% year-over-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.
- In Q1 2026, Gross Margin fell 413834.0% year-over-year to 5498.44%; the TTM figure through Mar 2026 stood at 2388.76% (down 130317.0% YoY), while the FY2025 annual figure was 1748.07%, down 102753.0% from the prior year.
- Gross Margin for Q1 2026 stood at 5498.44%, down from 610.77% in the prior quarter.
- The five-year high for Gross Margin was 610.77% in Q4 2025, with the low at 5498.44% in Q1 2026.
- The 5-year median for Gross Margin is 306.36% (2024), against an average of 1106.26%.
- The sharpest annual moves came in 2025 and 2026: Gross Margin soared 305953 bps in 2025, then slumped 413834 bps in 2026.
- ESS Tech's Gross Margin stood at 100.0% in 2022, then tumbled by 369 bps to 268.81% in 2023, then sank by 72 bps to 462.74% in 2024, then jumped by 232 bps to 610.77% in 2025, then sank by 1000 bps to 5498.44% in 2026.
- Business Quant data shows GWH's Gross Margin at 5498.44% in Q1 2026, 610.77% in Q4 2025, and 2207.94% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 37.71% |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 33.38% |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 37.93% |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 35.81% |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 41.13% |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 50.62% |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 30.57% |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 33.49% |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 48.70% |
| 10 | ESS Tech | 13.14 Mn | 13.14 Mn | -7.42 Mn | -10,165.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -10,165.75% |
| 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% |