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.
11.37% operating margin is respectable but not wide. ROIC at 11.99%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 3.7%, steady but not accelerating.
ROIC dropped from 14.58% to 11.99%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$3.75B
▲ +3.7% YoY
Net Income (TTM)
$294M
▼ -19.3% YoY
Op. Margin
11.37%
▼ -1.5pp YoY
ROIC
11.99%
▼ -2.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$468M
▲ +235.7% YoY
Op. Cash Flow (TTM)
$548M
▲ +110.4% YoY
Net Debt
$751M
Cash & Equiv.
$439M
5Y CAGR: +4.7%
5Y CAGR: +10.1%
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