ENSNYSEMiscellaneous Electrical Machinery, Equipment & SuppliesFiscal year ends March 31
EnerSys
Financials through Q1 FY2027, quarter ended Jul 5, 2026Last filing: 10-Q on Aug 12, 2026
$169.05+0.33 (+0.20%)
Close on Oct 19, 2026
- Market cap
- $6.36B
- P/E (TTM)
- 18.1
- Dividend yield
- 0.61%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
29.3%+4.4 pts over 5 years
Operating margin
11.4%+4.1 pts over 5 years
Net margin
7.8%+3.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.7% | +0.4% | +4.7% | +39.4% | |
| Gross profit | +0.5% | +9.3% | +8.2% | +6.0% | |
| Operating income | -8.2% | +15.3% | +14.5% | +7.3% | |
| Net income | -19.3% | +18.6% | +15.4% | +8.0% | |
| EPS, diluted | -14.3% | +21.9% | +18.3% | +9.9% | |
| Free cash flow | +235.7% | +34.7% | +10.1% | +6.4% | |
| Dividend per share | +8.4% | +13.7% | +8.0% | +3.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 15.1% | 10.1% | 15.4% | |
| Return on assets | 7.1% | 4.2% | 7.4% | |
| Current ratio | 3.04 | 2.50 | 2.66 | |
| Debt to equity | 0.55 | 0.65 | 0.58 | |
| Net debt to EBITDA | 0.36× | 1.78× | 1.24× | |
| Interest coverage | 10.7× | 5.6× | 8.4× | |
| Inventory turnover | -1.5× | 4.3× | 3.6× | |
| Capex to revenue | 35.3% | 2.4% | 2.1% | |
| Diluted shares | 44M | 43M | 38M |
Where the cash went
Fiscal 2022 to 2026, five years combined
EnerSys generated $1.61B from operations and spent $1.42B on capital expenditure, dividends and share buybacks. 32% of that went back into the business.
Generated
$1.61B
Used
$1.42B
Capital expenditure$450.36M32%Dividends$167.98M12%Share buybacks$799.61M56%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.8%
×Asset turnover0.94×
×Equity multiplier2.09×
=Return on equity, FY202615.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 7.8% | 0.94× | 2.09× | 15.4% |
| FY2025 | 10.1% | 0.97× | 2.03× | 19.8% |
| FY2024 | 7.5% | 1.01× | 2.11× | 16.0% |
| FY2023 | 4.7% | 1.01× | 2.38× | 11.4% |
| FY2022 | 4.3% | 0.93× | 2.38× | 9.5% |
| FY2021 | 4.8% | 0.88× | 2.38× | 10.1% |
| FY2020 | 4.4% | 0.96× | 2.49× | 10.6% |
| FY2019 | 5.7% | 1.00× | 2.26× | 12.9% |
| FY2018 | 64.3% | 0.08× | 2.08× | 10.4% |
| FY2017 | 113.0% | 0.06× | 2.13× | 15.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
5of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$293.56M
- Cash generatingOperating cash flow above zero$547.60M
- Return on assets improvedROA up on the prior year10.5% → 7.4%
- Earnings backed by cashOperating cash flow above net income$547.60M vs $293.56M
- Less leverageLong-term debt to assets fell27.3% → 27.0%
- Better liquidityCurrent ratio rose2.70 → 2.66
- No dilutionShare count did not rise40M → 38M
- Gross margin improvedGross margin up on the prior year30.20% → 29.26%
- More efficientAsset turnover rose1.04 → 0.94