ESS Tech (GWH) Return on Capital Employed (2021 - 2026)
ESS Tech's (GWH) 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 (GWH) Return on Capital Employed (2021 - 2026) Analysis & Trends
ESS Tech's Return on Capital Employed history runs 6 years deep, the most recent figure standing at 197.48% for Q1 2026.
- On a quarterly basis, Return on Capital Employed rose 2118.0% year-over-year to 197.48% in Q1 2026; TTM through Mar 2026 was 197.48%, a 2118.0% increase from a year earlier, with the FY2025 full-year figure at 158.58%, down 4622.0% from the prior year.
- Return on Capital Employed improved to 197.48% in Q1 2026 per GWH's latest filing, from 312.56% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 33.19% in Q1 2022 and bottomed at 447.58% in Q3 2025.
- The 5-year median for Return on Capital Employed is 87.35% (2024), against an average of 145.36%.
- Across the five-year window, Return on Capital Employed slumped 32875 bps in 2025 and jumped 2118 bps in 2026, its largest moves.
- Year by year, Return on Capital Employed stood at 68.18% in 2022, then climbed by 4 bps to 65.49% in 2023, then slumped by 142 bps to 158.51% in 2024, then sank by 97 bps to 312.56% in 2025, then surged by 37 bps to 197.48% in 2026.
- Per Business Quant, the three latest GWH Return on Capital Employed figures stand at 197.48% (Q1 2026), 312.56% (Q4 2025), and 447.58% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 8.37% |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 26.52% |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 4.38% |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 18.97% |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 11.66% |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 13.11% |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 17.52% |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 32.43% |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 13.24% |
| 10 | ESS Tech | 22.34 Mn | 22.34 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% |