ESS Tech (GWH) Invested Capital (2020 - 2026)

ESS Tech's quarterly Invested Capital came in at $19.5 million in Q1 2026, up 61.82% year-on-year from $12.1 million in Q1 2025, and up 2.78% quarter-over-quarter from $19.0 million in Q4 2025.

ESS Tech has reported Invested Capital for 7 years, with the latest figure at $19.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Invested Capital rose 61.82% year-over-year to $19.5 million; the trailing twelve-month figure through Mar 2026 stood at $19.5 million (up 61.82% YoY), and the FY2025 full-year result was $19.0 million, down 34.16% from the prior year.
  • Invested Capital for Q1 2026 stood at $19.5 million, up from $19.0 million in the prior quarter.
  • The five-year high for Invested Capital was $202.7 million in Q1 2022, with the low at $3.3 million in Q2 2025.
  • Average Invested Capital over 5 years is $83.9 million, with a median of $87.8 million recorded in 2024.
  • Year-over-year, Invested Capital jumped 233.14% in 2022 and tumbled 95.21% in 2025.
  • Tracing GWH's Invested Capital over 5 years: stood at $138.9 million in 2022, then slipped by 25.58% to $103.4 million in 2023, then slumped by 72.05% to $28.9 million in 2024, then sank by 34.16% to $19.0 million in 2025, then advanced by 2.78% to $19.5 million in 2026.
  • The last three Invested Capital figures came in at $19.5 million (Q1 2026), $19.0 million (Q4 2025), and $8.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn 7.17 Bn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn 921.47 Mn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn 5.35 Bn
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn 4.32 Bn
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn 1.95 Bn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn 709.07 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn 3.04 Bn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn 1.91 Bn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn 846.18 Mn
10 ESS Tech 28.05 Mn 28.05 Mn -7.04 Mn 19.55 Mn

Historic Data

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DateValue
Mar 31, 2026 19.55 Mn
Dec 31, 2025 19.02 Mn
Sep 30, 2025 8.73 Mn
Jun 30, 2025 3.30 Mn
Mar 31, 2025 12.08 Mn
Dec 31, 2024 28.88 Mn
Sep 30, 2024 49.20 Mn
Jun 30, 2024 69.04 Mn
Mar 31, 2024 87.82 Mn
Dec 31, 2023 103.36 Mn
Sep 30, 2023 116.46 Mn
Jun 30, 2023 98.43 Mn
Mar 31, 2023 118.76 Mn
Dec 31, 2022 138.89 Mn
Sep 30, 2022 160.57 Mn
Jun 30, 2022 189.68 Mn
Mar 31, 2022 202.75 Mn
Dec 31, 2021 208.93 Mn
Sep 30, 2021 -267.59 Mn
Jun 30, 2021 -242.35 Mn
Mar 31, 2021 -152.29 Mn
Dec 31, 2020 -22.19 Mn
Sep 30, 2020 -26.90 Mn