Profits growing faster than sales. Since FY Mar 2023: revenue +1.2%, operating profit +53%.
Since FY Mar 2023, EnerSys's revenue grew 1.2% while operating profit grew 53%: each extra dollar of sales is adding more profit.
Share count shrinking. Shares outstanding down 12% from March 2023 to August 2026.
EnerSys had 12% fewer shares at August 2026 than at March 2023, mainly through buybacks, so each remaining share owns a larger slice of the business.
Cash flow well above reported profit. Free cash flow is 2.0× reported profit.
Free cash flow is 2.0× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 70 → 71
Share price -3.6%+2
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about EnerSys
Is EnerSys getting weaker?
Its latest SEC filing (Aug 12, 2026) showed no major changes. Its overall score is unchanged at 62/100 since Oct 28, 2026.
How is EnerSys valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 71/100 against 2,459 industrials peers.Free cash flow yield 11.8% vs a peer median of 3.7% (stronger than 86% of peers).Free cash flow yield 11.8% vs peers 3.7% (stronger than 86% of peers).
Is EnerSys growing?
At about the same pace as its peers. Growth scores 41/100 against 2,459 industrials peers.3-year revenue growth 0.7% vs a peer median of 4.2% (weaker than 66% of peers).3-year revenue growth 0.7% vs peers 4.2% (weaker than 66% of peers).
How profitable is EnerSys?
More profitable than most of its peers. Profitability scores 83/100 against 2,459 industrials peers.Return on assets 8.9% vs a peer median of 3.1% (stronger than 91% of peers).Return on assets 8.9% vs peers 3.1% (stronger than 91% of peers).
How risky is EnerSys?
Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings.Current ratio 2.80× vs a peer median of 1.62× (stronger than 82% of peers).Current ratio 2.80× vs peers 1.62× (stronger than 82% of peers).Beta 1.19 vs a peer median of 0.64 (weaker than 83% of peers).Beta 1.19 vs peers 0.64 (weaker than 83% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jul 5, 2026 · filed Aug 12, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
3.8B USD
3.8B USD
+1.1%
Net income (12 months)
293.6M USD
352.6M USD
+20.1%
Operating margin
11.4%
13.0%
+1.6 pts
Free cash flow (12 months)
467.5M USD
717.3M USD
+53.4%
Debt
1.1B USD
1.0B USD
−6.3%
Cash
438.7M USD
530.7M USD
+21.0%
Shares outstanding
36.5M
36.1M
−1.2%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Industrials · 318 companies
Valuations in Industrials are near the top of their range since 2016.
85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.
2016Shaded: most expensive fifth of its range2026
EnerSys looks cheaper than most of its peers on our valuation measures, while the Industrials sector as a whole is valued high by its own standards since 2016. Both can be true at once.
Shown for Industrials: too few Electrical Equipment & Parts companies have a long enough history of their own.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY Mar 2022
FY Mar 2023
FY Mar 2024
FY Mar 2025
FY Mar 2026
Change
Gross margin
22.3%
22.7%
27.4%
30.2%
29.3%
▼ 0.9 pts
Operating margin
6.1%
7.5%
9.8%
12.8%
11.4%
▼ 1.5 pts
Net margin
4.3%
4.7%
7.5%
10.1%
7.8%
▼ 2.2 pts
Return on assets (ROA)
3.9%
4.9%
7.8%
9.2%
7.3%
▼ 1.8 pts
Return on equity (ROE)
9.7%
11.0%
15.3%
19.0%
15.4%
▼ 3.6 pts
Free cash flow margin
-4.2%
5.2%
10.3%
3.8%
12.5%
▲ 8.6 pts
Current ratio
2.70×
2.64×
2.46×
2.70×
2.66×
▼ 1.2%
Quick ratio
1.73×
1.53×
1.50×
1.74×
1.76×
▲ 1.2%
Debt to equity
0.87×
0.67×
0.47×
0.58×
0.58×
▲ 0.3%
Interest coverage
5.46×
4.68×
7.04×
9.09×
8.44×
▼ 7.1%
ENS price history
Price history is added with the daily price update and will appear after the next one.