ESS Tech (GWH) Return on Capital Employed (2021 - 2026)
ESS Tech (GWH) posted quarterly Return on Capital Employed of 197.48% for Q1 2026, up 2118.0% year-over-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.
- In Q1 2026, Return on Capital Employed rose 2118.0% year-over-year to 197.48%; the TTM figure through Mar 2026 stood at 197.48% (up 2118.0% YoY), while the FY2025 annual figure 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.
- The 5-year median for Return on Capital Employed is 87.35% (2024), against an average of 145.36%.
- The sharpest annual moves came in 2025 and 2026: Return on Capital Employed sank 32875 bps in 2025, then jumped 2118 bps in 2026.
- ESS Tech's Return on Capital Employed stood at 68.18% in 2022, then advanced 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 jumped by 37 bps to 197.48% in 2026.
- Business Quant data shows GWH's Return on Capital Employed at 197.48% in Q1 2026, 312.56% in Q4 2025, and 447.58% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 29.36% |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 8.69% |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 15.18% |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 33.42% |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 11.34% |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 17.52% |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 34.05% |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 15.27% |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | -71.96% |
| 10 | ESS Tech | 13.23 Mn | 13.23 Mn | -7.42 Mn | -275.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -275.86% |
| 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% |