ESS Tech (GWH) Gross Margin (2022 - 2026)
ESS Tech's 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 has reported Gross Margin for 5 years, with the latest figure at 5498.44% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 413834.0% year-over-year to 5498.44%; the trailing twelve-month figure through Mar 2026 stood at 2388.76% (down 130317.0% YoY), and the FY2025 full-year result 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.
- Average Gross Margin over 5 years is 1048.18%, with a median of 287.58% recorded in 2023.
- Year-over-year, Gross Margin soared 305953 bps in 2025 and tumbled 413834 bps in 2026.
- Tracing GWH's Gross Margin over 5 years: 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 soared by 232 bps to 610.77% in 2025, then sank by 1000 bps to 5498.44% in 2026.
- The last three Gross Margin figures came in at 5498.44% (Q1 2026), 610.77% (Q4 2025), and 2207.94% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 37.73% |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 30.03% |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 35.88% |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 33.32% |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 39.32% |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 29.65% |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 49.29% |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 29.44% |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -13.21% |
| 10 | ESS Tech | 28.05 Mn | 28.05 Mn | -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% |
| Jun 30, 2022 | -176.97% |