ESS Tech (GWHT) Asset Utilization Ratio (2021 - 2026)
ESS Tech's Asset Utilization Ratio was -0.03 in Q2 2026, compared with 0.13 a year earlier.
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Analysis
ESS Tech (GWHT) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at ESS Tech came in at 0.03, down 56.0% from FY2024.
- In earlier years, Asset Utilization Ratio was 0.06 in FY2024 (+23.0%), 0.05 in FY2023 and 0.00 in FY2022.
- The Q2 2026 figure marks the lowest quarterly Asset Utilization Ratio in data going back to Q2 2022.
- Compared with a year earlier, Asset Utilization Ratio was higher in four of the last seven quarters, with growth averaging 39.4%.
- The best year-over-year quarter for Asset Utilization Ratio over five years was Q4 2023 (growth of 920.9%); the worst was Q1 2026 (a decline of 66.4%).
- Per Business Quant data, GWHT's Asset Utilization Ratio in the three quarters before Q2 2026 was 0.02 (Q1 2026), 0.04 (Q4 2025) and 0.16 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 0.53 |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 0.63 |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 0.37 |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 0.86 |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 0.78 |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 0.78 |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 0.59 |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 0.99 |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 0.31 |
| 10 | ESS Tech | 2.30 Mn | -55.62 Mn | -7.42 Mn | -0.03 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.03 |
| Mar 31, 2026 | 0.02 |
| Dec 31, 2025 | 0.04 |
| Sep 30, 2025 | 0.16 |
| Jun 30, 2025 | 0.13 |
| Mar 31, 2025 | 0.07 |
| Dec 31, 2024 | 0.07 |
| Sep 30, 2024 | 0.06 |
| Jun 30, 2024 | 0.06 |
| Mar 31, 2024 | 0.07 |
| Dec 31, 2023 | 0.05 |
| Sep 30, 2023 | 0.03 |
| Jun 30, 2023 | 0.02 |
| Mar 31, 2023 | 0.01 |
| Dec 31, 2022 | 0.00 |
| Sep 30, 2022 | 0.00 |
| Jun 30, 2022 | 0.00 |
| Dec 31, 2021 | 0.00 |
API Access
ESS Tech Asset Utilization Ratio 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=asset-utilization-ratio&ticker=GWHT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "GWHT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=GWHT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();