EnerSys ENS
EnerSys (the "Company," "we," or "us") is a world leader in stored energy solutions for industrial applications. We design, manufacture, and distribute energy systems solutions, and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems, which combine power conversion, power distribution, energy storage, and enclosures, are used in the telecommunication, broadband, data center, and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive Power batteries and chargers are utilized in electric forklifts, automated guided vehicles ("AGVs"), and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, large over-the-road trucks, premium automotive, portable power solutions for soldiers in the field, medical and security systems applications. New Ventures provides energy storage and management systems for demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles. We also provide aftermarket and customer support services to over 10,000 customers in more than 100 countries through a network of distributors, independent representatives, and our internal sales force around the world.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.75B | $3.62B | $3.58B | $3.71B | $3.36B | $2.98B | $3.09B | $2.81B | $2.58B | $2.37B |
| Cost of revenue | — | — | — | — | $2.60B | $2.24B | $2.30B | $2.10B | $1.92B | $1.71B |
| Gross profit | $1.10B | $1.09B | $982.9M | $840.1M | $750.0M | $739.1M | $784.9M | $693.0M | $658.4M | $651.9M |
| Total operating expenses | — | — | — | — | — | — | $529.6M | $441.4M | $382.1M | $369.9M |
| Operating income | $426.5M | $464.7M | $351.6M | $278.4M | $206.3M | $216.4M | $190.2M | $212.5M | $270.8M | $237.1M |
| Interest expense | $50.5M | $51.1M | $50.0M | $59.5M | $37.8M | $38.4M | $43.7M | $30.9M | $25.0M | $22.2M |
| Pre-tax income | $347.4M | $406.6M | $292.2M | $210.6M | $173.9M | $170.1M | $146.9M | $182.2M | $238.3M | $212.7M |
| Income tax | $53.8M | $42.8M | $23.1M | $34.8M | $30.0M | $26.8M | $9.8M | $21.6M | $118.5M | $54.5M |
| Net income | $293.6M | $363.7M | $269.1M | $175.8M | $143.9M | $143.4M | $137.1M | $160.2M | $119.6M | $160.2M |
| EPS, basic | 7.84 | 9.15 | 6.62 | 4.31 | 3.42 | 3.37 | 3.23 | 3.79 | 2.81 | 3.69 |
| EPS, diluted | 7.70 | 8.99 | 6.50 | 4.25 | 3.36 | 3.32 | 3.20 | 3.73 | 2.77 | 3.64 |
| Shares, diluted (wtd. avg.) | $38.1M | $40.4M | $41.4M | $41.3M | $42.8M | $43.2M | $42.9M | $43.0M | $43.1M | $44.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $438.7M | $343.1M | $333.3M | $346.7M | $402.5M | $451.8M | $327.0M | $299.2M | $522.1M | $500.3M |
| Receivables | $506.1M | $597.9M | $524.7M | $637.8M | $719.4M | $603.6M | $595.9M | $624.1M | $546.3M | $486.6M |
| Inventory | $724.7M | $740.0M | $697.7M | $797.8M | $715.7M | $518.2M | $519.5M | $503.9M | $414.2M | $360.7M |
| Total current assets | $2.14B | $2.09B | $1.78B | $1.90B | $1.99B | $1.69B | $1.56B | $1.54B | $1.54B | $1.42B |
| Property, plant and equipment | — | — | — | — | — | — | — | $409.4M | $390.3M | $348.5M |
| Goodwill | $752.4M | $721.1M | $682.9M | $676.7M | $700.6M | $705.6M | $663.9M | $656.4M | $352.8M | $328.7M |
| Other intangibles | $342.9M | $375.4M | $319.4M | $360.4M | $396.2M | $430.9M | $455.7M | $462.3M | $147.1M | $154.0M |
| Total assets | $4.00B | $3.97B | $3.47B | $3.62B | $3.74B | $3.46B | $3.30B | $3.12B | $2.49B | $2.29B |
| Accounts payable | $354.2M | $405.7M | $369.5M | $378.6M | $393.1M | $323.9M | $281.9M | $292.4M | $259.0M | $222.5M |
| Short-term debt | $29.2M | $28.5M | $30.4M | $30.6M | $55.1M | $34.2M | $46.5M | $54.5M | $18.3M | $18.4M |
| Total current liabilities | $804.0M | $775.1M | $723.9M | $718.3M | $738.1M | $677.0M | $600.3M | $612.9M | $491.5M | $467.4M |
| Long-term debt | $1.08B | $1.08B | $802.0M | $1.04B | $1.24B | $969.6M | $1.10B | $971.8M | $579.5M | $587.6M |
| Total liabilities | $2.09B | $2.05B | $1.71B | $2.01B | $2.24B | $1.92B | $2.00B | $1.83B | $1.29B | $1.18B |
| Retained earnings | $2.74B | $2.49B | $2.16B | $1.93B | $1.78B | $1.67B | $1.56B | $1.45B | $1.32B | $1.23B |
| Total equity | $1.91B | $1.92B | $1.76B | $1.60B | $1.49B | $1.54B | $1.30B | $1.29B | $1.20B | $1.11B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $547.6M | $260.3M | $457.0M | $279.9M | -$65.6M | $358.4M | $253.4M | $197.9M | $211.0M | $246.0M |
| Depreciation and amortisation | $80.1M | $69.1M | $64.0M | $60.4M | $62.6M | $61.0M | $56.3M | $48.6M | $45.9M | $45.4M |
| Stock-based compensation | $37.6M | $27.8M | $30.6M | $26.4M | $24.3M | $19.8M | $20.8M | $22.6M | $19.5M | $19.2M |
| Capital expenditure | $80.1M | $121.0M | $86.4M | $88.8M | $74.0M | $70.0M | $101.4M | $70.4M | $69.8M | $50.1M |
| Investing cash flow | -$87.9M | -$336.4M | -$92.5M | -$44.8M | -$69.2M | -$65.0M | -$274.8M | -$723.9M | -$72.4M | -$61.8M |
| Financing cash flow | -$380.7M | $90.3M | -$370.6M | -$270.4M | $98.4M | -$188.7M | $62.7M | $346.6M | -$166.9M | -$62.5M |
| Dividends paid | $38.1M | $37.5M | $34.5M | $28.5M | $29.4M | $29.8M | $29.7M | $29.7M | $29.7M | $30.4M |
| Buybacks | $370.7M | $154.0M | $95.7M | $22.9M | $156.4M | $0 | $34.6M | $56.4M | $121.2M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-294512.
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