ESS Tech (GWH) Gross Margin (2022 - 2026)
ESS Tech's Gross Margin was -10165.75% in Q2 2026, down 9949.43 percentage points from -216.33% a year earlier and down 4667.32 percentage points from the prior quarter.
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Analysis
ESS Tech (GWH) Gross Margin (2022 - 2026) Analysis & Trends
For FY2025, Gross Margin at ESS Tech came in at -1748.07%, down 1027.53 percentage points from FY2024.
- Gross Margin has now declined for three consecutive years, with a three-year change of -1848.07 percentage points (FY2022 to FY2025).
- In earlier years, Gross Margin was -720.54% in FY2024 (-548.72 pp), -171.82% in FY2023 (-271.82 pp) and 100.00% in FY2022.
- The Q2 2026 figure marks the lowest quarterly Gross Margin in data going back to Q3 2022.
- Compared with a year earlier, Gross Margin was higher in two of the last seven quarters, with an average year-over-year change of -1989.25 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q2 2025 (a gain of 3059.53 percentage points); the worst was Q2 2026 (a drop of 9949.43 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 262.99 Bn | 224.06 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 81.45 Bn | 73.27 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 18.50 Bn | 9.45 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.53 Bn | 10.83 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.26 Bn | 11.09 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 12.05 Bn | 7.95 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.88 Bn | 5.08 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.34 Bn | -522.59 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 49.89% |
| 10 | ESS Tech | 5.26 Mn | 5.26 Mn | -7.42 Mn | -10,165.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10,165.75% |
| Mar 31, 2026 | -5,498.44% |
| 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% |
API Access
ESS Tech Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=GWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "GWH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=GWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();