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ESS Tech, Inc.

GWH

$0.64 ▼ -0.03 (-4.81%) at close

7 Visible periods

27 Metrics

Absolute Benchmarks

Price Chart

Health

Poor

Bearish Absolute basis

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Analytical Summary

On an absolute basis, ESS Tech, Inc. shows weak fundamentals, weighed down by Return on Invested Capital and Interest Coverage. These readings use fixed quality thresholds rather than peer benchmarks, because too few comparable companies are available to rank against.

Market Cap $9.3M

Dividend Yield —

Revenue Growth -74.9% ↘

Op. Margin —

ROIC -526.2% ↘

FCF / Share None

Trailing P/E —

Price / Book 1.7x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

7-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.58M

↓ -74.9% —

Net Income Profit after all expenses

$-63.44M

↑ +26.4% —

Long-Term Debt Long-term obligations

$0.00

↓ -100.0% —

info Signals below are graded against fixed quality thresholds, not peers — peer ranking needs more comparable companies.

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Bullish Indicators

No bullish signals detected.

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Bearish Risks

Return on Invested CapitalReturn on Invested Capital of -526.2% is weak on an absolute basis (target > 10%)
Interest CoverageInterest Coverage of -110.40x is weak on an absolute basis (target > 5x)

Health Breakdown

Financial Health ↑

Financial view

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Revenue Growth YoY (%)	-74.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-2595%)	-16.5% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-650%)	743.4% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+24680%)	—	—	—	—
EPS Growth YoY (%)	40.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-1.7% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	5.9% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	91.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-1001.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	26.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-11.1% Weak ↑ Weak Improving Year-over-year change in net income	0.5% Caution ↑ Caution Improving Year-over-year change in net income	83.7% Excellent Excellent Year-over-year change in net income	-1468.5% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	21.0% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—

💰 Are margins durable? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Return on Invested Capital (%)	-526.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-245.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-65.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-60.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-22.9% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	61.9% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-112.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-125.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-60.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-60.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-24.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	-192.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	—	-298.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-3085%)	-75.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-851%)	-56.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-669%)	-232.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-2426%)	109.1% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+991%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Debt to Equity (x)	—	—	0.00x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.01x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	0.02x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	-0.20x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-116%)	—
Interest Coverage (x)	-110.40x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	-685.01x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-33.69x Weak Weak Operating income divided by interest expense Optimal: > 5x	-131.76x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-14.48M	$-13.34M	$-20.16M	$-32.85M	$-235.17M	$796.00K	—
Debt / EBITDA (x)	—	—	0.00x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.02x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.06x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.34x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Revenue per Share (USD)	$0.11	$0.53	$0.71	$0.09	$0.00	$0.00	—
Basic EPS, GAAP (USD)	$-4.34	$-7.32	$-7.20	$-7.65	$-85.91	$-7.80	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Book Value per Share (USD)	$0.39	$2.41	$8.89	$13.35	$22.75	$-7.10	—
Tangible Book Value per Share (USD)	$0.27	$2.02	$8.47	$13.35	$22.75	$-7.10	—
Basic Weighted Avg Shares (shares)	14.60M	11.77M	10.67M	10.18M	5.55M	3.93M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Working Capital (USD)	$955.00K	$15.76M	$98.33M	$123.64M	$231.90M	$-1.53M	—
LT Debt (USD)	—	—	$0.00	$1.92M	$3.77M	$5.70M	—
Total Equity (USD)	$8.62M	$28.88M	$103.36M	$136.97M	$205.16M	$-27.89M	$2.21M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Sales/Revenue/Turnover (USD)	$1.58M	$6.29M	$7.54M	$894.00K	$0.00	$0.00	—
Depreciation Expense (USD)	$5.74M	$4.72M	$6.51M	$1.52M	$572.00K	$436.00K	—
Net Income, GAAP (USD)	$-63.44M	$-86.22M	$-77.58M	$-77.97M	$-477.12M	$-30.42M	—
Operating Cash Flow (USD)	$-50.28M	$-72.22M	$-54.90M	$-81.62M	$-51.85M	$-16.64M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 7 years · 25 quarters

ESS Tech, Inc.

Analytical Summary

7-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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