Is ESS Tech, Inc. (GWH) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 4.2% / 30% | 79.3% / 30% | 6.1% / 30% | 56.78% / 5% | ✗ NOT HALAL |
| DJIM | 4.2% / 33% | 79.3% / 33% | 6.1% / 33% | 56.78% / 5% | ✗ NOT HALAL |
| MSCI | 2.4% / 33% | 44.0% / 33% | 3.4% / 33% | 56.78% / 5% | ✗ NOT HALAL |
| S&P | 4.2% / 33% | 79.3% / 33% | 6.1% / 33% | 56.78% / 5% | ✗ NOT HALAL |
| FTSE | 2.4% / 33% | 44.0% / 33% | 3.4% / 50% | 56.78% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 1019.7% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -338.3% | |
| Return on Assets (ROA) | -56.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$50M |
| Free Cash Flow | -$54M |
| Total Debt | $12M |
| Debt-to-Equity | 245.8 |
| Current Ratio | 1.0 |
| Total Assets | $51M |
Price & Trading
| Last Close | $1.20 |
| 50-Day MA | $1.50 |
| 200-Day MA | $2.07 |
| Avg Volume | 570K |
| Beta | 1.5 |
|
52-Week Range
$0.76
| |
About ESS Tech, Inc. (GWH)
ESS Tech, Inc., an energy storage company, engages in the design and production of iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and the gigawatt-hour energy base storage product, a fully configurable layout that integrates with any site location and that allows the power to be decoupled from the capacity. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.
Related Halal Stocks in Industrials
Frequently Asked Questions
Is ESS Tech, Inc. (GWH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ESS Tech, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is ESS Tech, Inc.'s debt ratio?
ESS Tech, Inc.'s debt ratio is 4.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 2.4%.
What are ESS Tech, Inc.'s key financial metrics?
ESS Tech, Inc. has a market capitalization of $35M, and revenue of $2M. Return on equity stands at -338.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.