ESS Tech (GWHT) Return on Capital Employed [ROCE] (2021 - 2026)
ESS Tech's Return on Capital Employed [ROCE] was -275.86% in Q2 2026, up 63.69 percentage points from -339.55% a year earlier but down 78.38 percentage points from the prior quarter.
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Analysis
ESS Tech (GWHT) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at ESS Tech came in at -158.58%, down 46.22 percentage points from FY2024.
- Return on Capital Employed [ROCE] has now declined for four consecutive years, with a four-year change of -106.33 percentage points (FY2021 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was -112.36% in FY2024 (-50.39 pp), -61.97% in FY2023 (-4.60 pp), -57.37% in FY2022 (-5.12 pp) and -52.25% in FY2021.
- Quarterly Return on Capital Employed [ROCE] has moved between -447.58% (Q3 2025) and -11.90% (Q3 2021) over five years.
- Compared with a year earlier, Return on Capital Employed [ROCE] was higher in two of the last eight quarters, with an average year-over-year change of -116.32 percentage points.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q2 2026 (a gain of 63.69 percentage points); the worst was Q3 2025 (a drop of 328.75 percentage points).
- Per Business Quant data, GWHT's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was -197.48% (Q1 2026), -312.56% (Q4 2025) and -447.58% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 13.43% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 12.05% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 16.24% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 23.66% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 12.27% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 10.55% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 10.44% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 16.98% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 2.00% |
| 10 | ESS Tech | 2.30 Mn | -55.62 Mn | -7.42 Mn | -275.86% |
Historic Data
Download Data
Historic 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% |
API Access
ESS Tech Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=GWHT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=GWHT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();