EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. The company operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries. The Motive Power segment provides power solutions for electric industrial forklifts, automated guided vehicles used in manufacturing, warehousing operations as well as equipment used in floor care, mining, rail and airport ground support applications. The Specialty offers starting, lighting, and ignition applications in transportation, energy solutions for satellites, spacecraft, commercial aircraft, military, aircraft, submarines, ships, other tactical vehicles, defense applications and portable power solutions for soldiers in the field, as well as medical devices and equipment. The New Venture segment provides energy storage and management systems for demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles. It also offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It sells its products through a network of distributors, independent representatives, and internal sales forces. The company was formerly known as Yuasa, Inc. and changed its name to EnerSys in January 2001. EnerSys was founded in 1991 and is headquartered in Reading, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.6B | $559M | $364M | $139M | 18.9% | 1.0% | 35.2% |
| 2024 | $3.6B | $434M | $269M | $371M | 15.3% | -3.4% | 53.1% |
| 2023 | $3.7B | $361M | $176M | $191M | 11.0% | 10.5% | 22.2% |
| 2022 | $3.4B | $308M | $144M | $-140M | 9.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 3,357.32 | 3,708.58 | 3,581.87 | 3,617.58 |
| Cost Of Revenue | 2,607.35 | 2,868.44 | 2,598.98 | 2,525.18 |
| Gross Profit | 749.97 | 840.14 | 982.89 | 1,092.40 |
| Operating Expense | 520.81 | 544.86 | 589.60 | 608.66 |
| Operating Income | 229.16 | 295.28 | 393.29 | 483.75 |
| EBITDA | 307.59 | 361.32 | 434.16 | 558.57 |
| EBIT | 211.72 | 270.17 | 342.14 | 457.69 |
| Pretax Income | 173.94 | 210.64 | 292.19 | 406.58 |
| Tax Provision | 30.03 | 34.83 | 23.09 | 42.84 |
| Net Income | 143.91 | 175.81 | 269.10 | 363.74 |
| Net Income Common Stockholders | 143.91 | 175.81 | 269.10 | 363.74 |
| Total Expenses | 3,128.16 | 3,413.30 | 3,188.58 | 3,133.83 |
| Interest Expense | 37.78 | 59.53 | 49.95 | 51.12 |
| Normalized EBITDA | 323.33 | 378.91 | 469.83 | 574.31 |
| Normalized Income | 156.93 | 190.50 | 301.95 | 377.82 |
| Basic EPS | 3.42 | 4.31 | 6.62 | 9.15 |
| Diluted EPS | 3.36 | 4.25 | 6.50 | 8.99 |
| Tax Effect Of Unusual Items | -2.72 | -2.90 | -2.82 | -1.65 |
| Tax Rate For Calcs | 0.17 | 0.17 | 0.08 | 0.10 |
| Total Unusual Items | -15.74 | -17.59 | -35.67 | -15.74 |
| Total Unusual Items Excluding Goodwill | -15.74 | -17.59 | -35.67 | -15.74 |
| Net Income From Continuing Operation Net Minority Interest | 143.91 | 175.81 | 269.10 | 363.74 |
| Reconciled Depreciation | 95.88 | 91.15 | 92.02 | 100.88 |
| Reconciled Cost Of Revenue | 2,607.35 | 2,868.44 | 2,598.98 | 2,525.18 |
| Net Interest Income | -37.78 | -59.53 | -49.95 | -51.12 |
| Net Income From Continuing And Discontinued Operation | 143.91 | 175.81 | 269.10 | 363.74 |
| Total Operating Income As Reported | 206.25 | 278.36 | 351.57 | 464.69 |
| Diluted Average Shares | 42.78 | 41.33 | 41.37 | 40.44 |
| Basic Average Shares | 42.11 | 40.81 | 40.67 | 39.76 |
| Diluted NI Availto Com Stockholders | 143.91 | 175.81 | 269.10 | 363.74 |
| Net Income Including Noncontrolling Interests | 143.91 | 175.81 | 269.10 | 363.74 |
| Net Income Continuous Operations | 143.91 | 175.81 | 269.10 | 363.74 |
| Other Income Expense | -17.44 | -25.11 | -51.15 | -26.05 |
| Other Non Operating Income Expenses | -1.70 | -7.52 | -15.48 | -10.32 |
| Special Income Charges | -22.91 | -16.92 | -41.72 | -19.06 |
| Gain On Sale Of Ppe | -2.97 | 0 | 0 | -4.63 |
| Impairment Of Capital Assets | 1.18 | 0.48 | 13.62 | 0 |
| Restructuring And Mergern Acquisition | 18.76 | 16.44 | 28.10 | 14.43 |
| Gain On Sale Of Security | 7.17 | -0.67 | 6.05 | 3.32 |
| Net Non Operating Interest Income Expense | -37.78 | -59.53 | -49.95 | -51.12 |
| Interest Expense Non Operating | 37.78 | 59.53 | 49.95 | 51.12 |
| Other Operating Expenses | 520.81 | 544.86 | 589.60 | 608.66 |
| Operating Revenue | 3,357.32 | 3,708.58 | 3,581.87 | 3,617.58 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| EnerSysthis co. | ENS | $7.6B | 25.52β premium | 3.99 | 18.9% | 14.10 |
| AeroVironment, Inc. | AVAV | $9.3B | - | 2.14 | 4.9% | 61.93 |
| Joby Aviation, Inc. | JOBY | $8.6B | - | 5.65 | -66.0% | -10.53 |
| Fluor Corporation | FLR | $7.4B | - | 2.43 | -1.6% | -24.46 |
| Commercial Metals Company | CMC | $7.4B | 14.91 | 1.68 |
| 2.0% |
| 9.91 |
| Terex Corporation | TEX | $6.9B | 18.23 | 1.88 | 10.5% | 14.04 |
| GATX Corporation | GATX | $6.9B | 21.23 | 2.49 | 9.2% | 19.80 |
| Construction Partners, Inc. | ROAD | $6.5B | 52.19 | 6.73 | 11.2% | 17.97 |
| Firefly Aerospace Inc. | FLY | $5.4B | - | 4.48 | -25.1% | -23.98 |
| Peer Median | - | 19.73 | 2.46 | 3.5% | 11.98 | |