CluenexEnerSys ENS
EnerSys scores average on business quality (5.2 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What EnerSys does
EnerSys manufactures industrial energy storage solutions, including motive power batteries and chargers for material handling equipment. Customers pay for dependable warehouse and grid infrastructure hardware.
- What it does best
The company turns free cash flow into a reliable weapon, generating $718M recently while keeping capital intensity low. Its FCF margin ranks in the 86th percentile of its sector, crushing peers like GNRC at 8.5% and RRX at 7.7% through tight working capital control.
- The main risk
Growth is dragging at just 3.7% revenue expansion, leaving the top line largely stagnant around $3.8B. If industrial demand for material handling equipment rolls over, the lack of organic volume leaves little cushion to maintain pricing power.
Quality, check by check
Scored against its own industry, from company filings.
Operating margins hold at 14.5% while net income reached $353M, pointing to stable operational efficiency. This business converts scale into decent cash flow, but margin expansion remains capped by input costs.
A low gross margin of 30.6% places EnerSys in the bottom quartile of its sector, reflecting limited pricing power over industrial buyers. Rivals can easily replicate its standard battery tech within a short window.
Revenue grew 3.7% to $3.8B, marking a sluggish pace that sits right in the middle of its sector at the 45th percentile. Top-line expansion remains muted compared to history, showing limited organic momentum.
Interest coverage sits at 11x, meaning debt costs are easily managed by operating income. Free cash flow surged to $718M, and the balance sheet is getting stronger as net debt slowly ticks down.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on ENS
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
EnerSys scores average on the Cluenex quality check (5.2 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health fair.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Nov 3, 2026.
See ENS today
- Today's verdict on ENS, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “EnerSys (ENS)”, https://cluenex.com/stocks/ens/, data as of Oct 10, 2026.