ESS Tech (GWH) Return on Assets [ROA] (2021 - 2026)
ESS Tech (GWH) reported Return on Assets [ROA] of -139.71% for Q2 2026, up 25.27 percentage points from -164.99% a year earlier but down 33.36 percentage points from the prior quarter.
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Analysis
ESS Tech (GWH) Return on Assets [ROA] (2021 - 2026) Analysis & Trends
For FY2025, ESS Tech posted Return on Assets [ROA] of -93.36%, down 9.84 percentage points from FY2024.
- Return on Assets [ROA] has declined for four consecutive years, with a four-year change of -45.14 percentage points (FY2021 to FY2025).
- By year, Return on Assets [ROA] came in at -83.52% in FY2024 (-29.28 pp), -54.24% in FY2023 (-4.45 pp), -49.79% in FY2022 (-1.58 pp) and -48.21% in FY2021.
- Five-year quarterly Return on Assets [ROA] spans a low of -166.34% in Q3 2025 and a high of -11.82% in Q3 2021.
- Year over year, Return on Assets [ROA] gained in two of the last eight quarters, with an average year-over-year change of -36.22 percentage points.
- The high point for year-over-year Return on Assets [ROA] in five years was Q1 2026 (a gain of 34.72 percentage points); the low point was Q2 2025 (a drop of 96.99 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -106.35% (Q1 2026), -131.49% (Q4 2025) and -166.34% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 12.18% |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 4.88% |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 13.06% |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 4.56% |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | 14.25% |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | 8.14% |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 8.86% |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | 4.75% |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 0.73% |
| 10 | ESS Tech | 5.26 Mn | 5.26 Mn | -7.42 Mn | -139.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -139.71% |
| Mar 31, 2026 | -106.35% |
| Dec 31, 2025 | -131.49% |
| Sep 30, 2025 | -166.34% |
| Jun 30, 2025 | -164.99% |
| Mar 31, 2025 | -141.08% |
| Dec 31, 2024 | -106.58% |
| Sep 30, 2024 | -82.15% |
| Jun 30, 2024 | -68.00% |
| Mar 31, 2024 | -60.63% |
| Dec 31, 2023 | -56.91% |
| Sep 30, 2023 | -68.60% |
| Jun 30, 2023 | -78.37% |
| Mar 31, 2023 | -67.17% |
| Dec 31, 2022 | -57.75% |
| Sep 30, 2022 | -51.60% |
| Jun 30, 2022 | -39.22% |
| Mar 31, 2022 | -30.69% |
| Dec 31, 2021 | -24.24% |
| Sep 30, 2021 | -11.82% |
API Access
ESS Tech Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=GWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=GWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();