ESS Tech (GWH) Operating Margin (2022 - 2026)
ESS Tech (GWH) posted Operating Margin of 20731.51% for Q2 2026, down 92.57% on a QoQ basis from 10765.62% in Q1 2026, and down 2024139.0% year-over-year from N/an in Q2 2025.
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ESS Tech (GWH) Operating Margin (2022 - 2026) Analysis & Trends
ESS Tech has reported Operating Margin for 5 years, with the latest figure at 20731.51% in Q2 2026.
- On a quarterly basis, Operating Margin fell 2024139.0% year-over-year to 20731.51% in Q2 2026; TTM through Jun 2026 was 4826.77%, a 607364.0% increase from a year earlier, with the FY2025 full-year figure at 3626.47%, down 219997.0% from the prior year.
- Operating Margin was 20731.51% for Q2 2026 at ESS Tech, down from 10765.62% in the prior quarter.
- The five-year high for Operating Margin was 1126.76% in Q4 2025, with the low at 196225.0% in Q4 2022.
- Average Operating Margin over 5 years is 16278.98%, with a median of 3524.2% recorded in 2022.
- The sharpest annual moves came in 2023 and 2026: Operating Margin surged 19554313 bps in 2023, then plunged 2024139 bps in 2026.
- Over 5 years, Operating Margin stood at 196225.0% in 2022, then soared by 100 bps to 681.87% in 2023, then retreated by 21 bps to 824.46% in 2024, then jumped by 237 bps to 1126.76% in 2025, then sank by 1940 bps to 20731.51% in 2026.
- The last three Operating Margin figures came in at 20731.51% (Q2 2026), 10765.62% (Q1 2026), and 1126.76% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 16.18% |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | - |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | -121.86% |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | -4.58% |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | -141.97% |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | -479.79% |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | -12.63% |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | 4.45% |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | -1.97% |
| 10 | ESS Tech | 12.59 Mn | 12.59 Mn | -7.42 Mn | -20,731.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -20,731.51% |
| Mar 31, 2026 | -10,765.63% |
| Dec 31, 2025 | 1,126.76% |
| Sep 30, 2025 | -4,584.58% |
| Jun 30, 2025 | -490.12% |
| Mar 31, 2025 | -3,029.38% |
| Dec 31, 2024 | -824.46% |
| Sep 30, 2024 | -6,596.66% |
| Jun 30, 2024 | -6,645.11% |
| Mar 31, 2024 | -711.98% |
| Dec 31, 2023 | -681.87% |
| Sep 30, 2023 | -1,173.72% |
| Jun 30, 2023 | -856.28% |
| Mar 31, 2023 | -6,585.75% |
| Dec 31, 2022 | -196,225.00% |
| Sep 30, 2022 | -14,443.23% |
| Jun 30, 2022 | -3,524.20% |