ESS Tech (GWH) Return on Capital Employed (2021 - 2026)
ESS Tech's quarterly Return on Capital Employed came in at 197.48% in Q1 2026, up 2118.0% year-on-year from 8.9% in Q1 2025, and up 36.82% quarter-over-quarter from 312.56% in Q4 2025.
ESS Tech has reported Return on Capital Employed for 6 years, with the latest figure at 197.48% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed rose 2118.0% year-over-year to 197.48%; the trailing twelve-month figure through Mar 2026 stood at 197.48% (up 2118.0% YoY), and the FY2025 full-year result was 158.58%, down 4622.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 197.48%, up from 312.56% in the prior quarter.
- The five-year high for Return on Capital Employed was 33.19% in Q1 2022, with the low at 447.58% in Q3 2025.
- Average Return on Capital Employed over 5 years is 145.36%, with a median of 87.35% recorded in 2024.
- Year-over-year, Return on Capital Employed slumped 32875 bps in 2025 and jumped 2118 bps in 2026.
- Tracing GWH's Return on Capital Employed over 5 years: stood at 68.18% in 2022, then grew by 4 bps to 65.49% in 2023, then tumbled by 142 bps to 158.51% in 2024, then slumped by 97 bps to 312.56% in 2025, then soared by 37 bps to 197.48% in 2026.
- The last three Return on Capital Employed figures came in at 197.48% (Q1 2026), 312.56% (Q4 2025), and 447.58% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 26.52% |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 4.38% |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 11.66% |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 18.97% |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 13.11% |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 32.43% |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 15.83% |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 13.24% |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -72.06% |
| 10 | ESS Tech | 28.05 Mn | 28.05 Mn | -7.04 Mn | -197.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -197.48% |
| Dec 31, 2025 | -312.56% |
| Sep 30, 2025 | -447.58% |
| Jun 30, 2025 | -339.55% |
| Mar 31, 2025 | -218.66% |
| Dec 31, 2024 | -158.51% |
| Sep 30, 2024 | -118.83% |
| Jun 30, 2024 | -87.35% |
| Mar 31, 2024 | -71.25% |
| Dec 31, 2023 | -65.49% |
| Sep 30, 2023 | -78.86% |
| Jun 30, 2023 | -93.85% |
| Mar 31, 2023 | -78.41% |
| Dec 31, 2022 | -68.18% |
| Sep 30, 2022 | -57.86% |
| Jun 30, 2022 | -43.44% |
| Mar 31, 2022 | -33.19% |
| Dec 31, 2021 | -25.62% |
| Sep 30, 2021 | -12.16% |
| Jun 30, 2021 | -7.68% |