ESS Tech (GWH) Operating Margin (2022 - 2026)
ESS Tech's Operating Margin was -20731.51% in Q2 2026, down 20241.39 percentage points from -490.12% a year earlier and down 9965.88 percentage points from the prior quarter.
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Analysis
ESS Tech (GWH) Operating Margin (2022 - 2026) Analysis & Trends
For FY2025, Operating Margin at ESS Tech came in at -3626.47%, down 2199.97 percentage points from FY2024.
- Operating Margin shows a three-year change of +8173.53 percentage points (FY2022 to FY2025).
- In earlier years, Operating Margin was -1426.50% in FY2024 (-287.17 pp), -1139.32% in FY2023 (+10660.68 pp) and -11800.00% in FY2022.
- The Q2 2026 figure marks the lowest quarterly Operating Margin since Q4 2022.
- Compared with a year earlier, Operating Margin was higher in two of the last seven quarters, with an average year-over-year change of -3956.21 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q4 2023 (a gain of 195543.13 percentage points); the worst was Q2 2026 (a drop of 20241.39 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 5.88% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 17.11% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 42.64% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 12.66% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 17.93% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 20.41% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 16.18% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 17.65% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 6.71% |
| 10 | ESS Tech | 5.59 Mn | 5.59 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% |
| 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% |
API Access
ESS Tech Operating 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=operating-margin&ticker=GWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=GWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();