Friday 6 November 2026
Export ENS’s income statement to Excel — free account
Enersys
ENS Industrials Electrical Equipment & Parts
Enersys' revenue for fiscal 2026 (year ended March 2026) was $3.8 billion, up 3.70% from fiscal 2025.
- Revenue
- +4.77%
- EPS
- +115.5%
- Free cash flow
- +881.1%
- Total debt
- −20.0%
Quarter to June 2026, against a year earlier
142.95
13.05
−8.37%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jun ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 2,367 | 2,582 | 2,808 | 3,088 | 2,978 | 3,357 | 3,709 | 3,582 | 3,618 | 3,751 | 3,794 | +5.2% | 3,890 | 4,078 | 4,199 | +3.8% | |
| Gross margin, % | 27.54 | 25.50 | 24.68 | 25.42 | 24.82 | 22.34 | 22.65 | 27.44 | 30.20 | 29.26 | 30.51 | +1.7 pt | ||||||
| EBT | 213 | 238 | 182 | 147 | 170 | 174 | 211 | 292 | 407 | 347 | 417 | +5.6% | ||||||
| EBT margin, % | 8.99 | 9.23 | 6.49 | 4.76 | 5.71 | 5.18 | 5.68 | 8.16 | 11.24 | 9.26 | 10.98 | +0.3 pt | ||||||
| Net income | 158 | 120 | 161 | 137 | 143 | 144 | 176 | 269 | 364 | 294 | 353 | +7.1% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 54.56 | 60.59 | 66.33 | 72.81 | 69.99 | 79.73 | 90.88 | 88.07 | 90.98 | 100.20 | 104.04 | +7.0% | |||||
| Earnings | 3.69 | 2.81 | 3.79 | 3.23 | 3.37 | 3.42 | 4.31 | 6.62 | 9.15 | 7.84 | 9.58 | +8.7% | ||||||
| Cash flow | 5.67 | 4.95 | 4.67 | 5.97 | 8.42 | (1.56) | 6.86 | 11.24 | 6.55 | 14.63 | 21.30 | +11.1% | ||||||
| Capex | (1.14) | (1.63) | (1.64) | (2.34) | (1.64) | (1.72) | (2.16) | (2.07) | (3.00) | (2.01) | (1.61) | +6.5% | ||||||
| Free cash flow | 4.53 | 3.32 | 3.04 | 3.63 | 6.78 | (3.28) | 4.70 | 9.17 | 3.55 | 12.62 | 19.69 | +12.1% | ||||||
| Book value | 25.54 | 28.19 | 30.38 | 30.75 | 36.28 | 35.46 | 39.30 | 43.20 | 48.28 | 50.98 | 54.12 | +8.0% | ||||||
| Shares, m | 43 | 43 | 42 | 42 | 43 | 42 | 41 | 41 | 40 | 37 | 37 | (1.6%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 21.39 | 23.83 | 17.50 | 15.33 | 26.94 | 21.80 | 20.16 | 14.07 | 10.00 | 22.07 | 14.92 | 19.3 | |||||
| P/S | 1.45 | 1.10 | 1.00 | 0.68 | 1.30 | 0.94 | 0.96 | 1.06 | 1.01 | 1.73 | 1.37 | 1.1 | ||||||
| P/B | 3.09 | 2.37 | 2.18 | 1.61 | 2.50 | 2.10 | 2.21 | 2.15 | 1.90 | 3.41 | 2.64 | 2.4 | ||||||
| EV/Sales | 1.49 | 1.13 | 1.26 | 0.95 | 1.48 | 1.20 | 1.15 | 1.20 | 1.22 | 1.91 | 1.51 | 1.3 | ||||||
| EV/FCF | 17.96 | 20.60 | 27.49 | 18.99 | 15.30 | (29.23) | 22.28 | 11.49 | 31.25 | 15.19 | 7.97 | 15.1 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 246 | 211 | 198 | 253 | 358 | (66) | 280 | 457 | 260 | 548 | 777 | +9.3% | |||||
| Capex | (49) | (69) | (69) | (99) | (70) | (73) | (88) | (84) | (119) | (75) | (59) | +4.8% | ||||||
| Free cash flow | 197 | 142 | 129 | 154 | 289 | (138) | 192 | 373 | 141 | 472 | 718 | +10.2% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 951 | 1,048 | 924 | 963 | 1,014 | 1,255 | 1,178 | 1,059 | 1,315 | 1,338 | 1,368 | +3.9% | |||||
| Net debt | 106 | 76 | 727 | 825 | 552 | 896 | 726 | 500 | 770 | 673 | 508 | +22.8% | ||||||
| Shareholders’ equity | 1,108 | 1,201 | 1,286 | 1,304 | 1,544 | 1,493 | 1,604 | 1,757 | 1,919 | 1,909 | 1,974 | +6.2% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 7.11 | 5.00 | 5.72 | 4.27 | 4.24 | 4.00 | 4.78 | 7.60 | 9.78 | 7.36 | 8.74 | +0.3 pt | |||||
| ROIC | 12.21 | 13.26 | 6.60 | 5.58 | 6.45 | 5.40 | 7.47 | 9.74 | 10.80 | 10.32 | 12.37 | (1.9) pt | ||||||
| ROE | 15.07 | 10.36 | 12.89 | 10.59 | 10.07 | 9.48 | 11.35 | 16.01 | 19.79 | 15.34 | 18.36 | +0.3 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 9,400 | 9,600 | 11,000 | 11,400 | 11,400 | 11,400 | 11,350 | 10,797 | 10,858 | 9,682 | — | +0.3% | |||||
| Revenue/emp, $m | 0.25 | 0.27 | 0.26 | 0.27 | 0.26 | 0.29 | 0.33 | 0.33 | 0.33 | 0.39 | — | +4.9% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2026 · latest quarter Jun 2026
Business profile
Where the money comes from and where it goes Fiscal 2026
| Product | 3,380 | 90.11% |
|---|---|---|
| Service | 371 | 9.89% |
| Gross margin | 29.26% | |
| Operating margin | 11.37% | |
| Pre-tax margin | 9.26% |
Enersys vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NVT nVent Electric PLC | $15.9B | 23.5× | 28.0× | +43.73% (above 0%: growing) | +66.67% (above 0%: growing) | +33.08% (above 0%: growing) | 35.84% | 18.63% | Compare |
| AYI Acuity, Inc. | $9.6B | 18.4× | 18.4× | +2.92% (above 0%: growing) | +55.53% (above 0%: growing) | +61.06% (above 0%: growing) | 53.85% | 18.24% | Compare |
| AEIS Advanced Energy Industries, Inc. | $7.5B | 25.4× | 26.9× | +50.31% (above 0%: growing) | +134.96% (above 0%: growing) | −33.07% (below 0%: shrinking) | 41.51% | 20.56% | Compare |
| FPS Forgent Power Solutions, Inc. | $5.5B | — | — | +94.30% (above 0%: growing) | — | +188.32% (above 0%: growing) | 36.11% | 19.91% | Compare |
| ENS Enersys | $5.1B | 14.9× | 14.3× | +4.77% (above 0%: growing) | +115.54% (above 0%: growing) | +881.05% (above 0%: growing) | 33.49% | 16.18% | |
| POWL Powell Industries, Inc. | $4.6B | 24.1× | 29.1× | +8.90% (above 0%: growing) | +7.25% (above 0%: growing) | +121.73% (above 0%: growing) | 30.57% | 20.55% | Compare |
| HAYW Hayward Holdings, Inc. | $3.4B | 20.5× | 22.2× | +6.47% (above 0%: growing) | +38.91% (above 0%: growing) | −51.02% (below 0%: shrinking) | 47.92% | 19.30% | Compare |
| PLUG Plug Power, Inc. | $1.9B | — (loss-making) | — (loss-making) | +2.49% (above 0%: growing) | n/m | +56.89% (above 0%: growing) | (0.94%) | (35.96%) | Compare |
| ENR Energizer Holdings, Inc. | $1.7B | 20.5× | — (loss-making) | +1.21% (above 0%: growing) | −73.15% (below 0%: shrinking) | −111.39% (below 0%: shrinking) | 38.22% | 12.22% | Compare |
| Median of peers | $5.1B | 22.0× | 26.9× | +7.69% | +47.22% | +44.98% | 37.17% | 18.96% |
From the latest earnings call
- CEO Shawn O’Connell said first-quarter data center orders rose more than 80% year over year, while material handling orders fell by high single digits.
- O’Connell said EnerSys plans a defense-focused lithium plant in South Carolina, with its approximately $500 million net investment funded through operating cash flow.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
100.01%
Held by the ten largest
50.89%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| BlackRock | 5.22m | 14.39% | +147.71k |
| Vanguard | 4.33m | 11.91% | −8.83k |
| State Street | 1.51m | 4.17% | +43.54k |
| T. Rowe Price | 1.24m | 3.41% | +573.22k |
| Dimensional Fund Advisors | 1.23m | 3.40% | −277.60k |
| Invesco | 1.21m | 3.32% | +48.72k |
| Geode Capital Management | 1.12m | 3.08% | +154.87k |
| EARNEST PARTNERS LLC | 896.98k | 2.47% | −48.58k |
| AQR Capital Management | 895.90k | 2.47% | +13.63k |
| First Trust | 827.15k | 2.28% | −60.26k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Enersys (ENS) Latest News
28 Oct
27 Oct
5 Oct
29 Sep
19 Aug
13 Aug
12 Aug
ENS metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
EnerSys designs, manufactures and distributes batteries, power equipment and energy storage systems for industrial customers. Founded in 2000 and headquartered in Reading, the company is led by President and Chief Executive Officer Shawn M. O’Connell.
Its Energy Systems business combines equipment that converts and distributes electricity with batteries and protective enclosures. Customers use these systems to keep telecommunications networks, data centers, utilities and other operations running when power is interrupted. The company also supplies outdoor cabinets that protect electronic equipment and batteries.