Enersys vs Fluence Energy
Enersys is the larger business, with $3.75bn of revenue in fiscal 2026 against $2.26bn for Fluence Energy (1.7 times as much). Enersys grew faster (3.7% against -16.1%). Enersys kept more of each dollar of sales as profit: a net margin of 7.8% against -2.1%.
| Latest fiscal year | EnersysENS, 2026 | Fluence EnergyFLNC, 2025 |
|---|---|---|
| Revenue | $3.75bn | $2.26bn |
| Revenue growth | 3.7% | -16.1% |
| Net income | $294m | −$48.3m |
| Operating margin | 11.4% | — |
| Net margin | 7.8% | -2.1% |
| Return on equity | 15.4% | -10.7% |
| Free cash flow | $468m | −$160m |
| Cash | $439m | $691m |
| Total debt | $1.11bn | $391m |
| Debt to equity | 58.2% | — |
| Dividend per share | $1.03 | — |
| Dividend yield | 0.7% | — |
| Share buybacks | $371m | — |
| Employees | 9,682 | 1,670 |
| Market value | $6.11bn | $756m |
| Price vs our value range | Within our value range | — |
| Moat score | 58 (Moderate) | 15 (Weak) |
| Insider trades, 12 months | 1 buys, 2 sales | 2 buys, 8 sales |