Invesaro

Stocks Comparison

EnerSys vs Fluence Energy: revenue, profit, margins and growth compared

EnerSys brought in $3.8B of revenue in fiscal 2026, Fluence Energy $2.3B in fiscal 2025. Revenue changed by +3.7% at EnerSys and -16.1% at Fluence Energy on the year before, so EnerSys grew faster. EnerSys kept 7.8% of its revenue as net profit, Fluence Energy -2.1%. Free cash flow was $467.5M at EnerSys and -$160.4M at Fluence Energy.

Side by side, latest fiscal year

ENSFLNC
Fiscal year endedFY2026 (March 31, 2026)FY2025 (September 30, 2025)
Revenue$3.8B$2.3B
Revenue growth+3.7%-16.1%
Net income$293.6M-$48.3M
Net margin7.8%-2.1%
Free cash flow$467.5M-$160.4M
Free cash flow margin12.5%-7.1%
Earnings per share (diluted)$7.70-$0.37
Cash$438.7M$690.8M
Debt$1.1B$0
Price to earnings23.2n/a
Market value$6.5B$1.4B
Dividend yield0.58%n/a
Rank by revenue in sector#4 of 34 · Other#9 of 34 · Other

Over the years

Revenue
ENS FY2019: $2.8BENS FY2020: $3.1BENS FY2021: $3BENS FY2022: $3.4BENS FY2023: $3.7BENS FY2024: $3.6BENS FY2025: $3.6BENS FY2026: $3.8BFLNC FY2020: $561.3MFLNC FY2022: $680.8MFLNC FY2022: $1.2BFLNC FY2023: $2.2BFLNC FY2024: $2.7BFLNC FY2025: $2.3BFY19FY20FY21FY22FY23FY24FY25FY26
ENS $3.8BFLNC $2.3B
Net income
ENS FY2019: $160.2MENS FY2020: $137.1MENS FY2021: $143.4MENS FY2022: $143.9MENS FY2023: $175.8MENS FY2024: $269.1MENS FY2025: $363.7MENS FY2026: $293.6MFLNC FY2020: -$46.7MFLNC FY2022: -$162MFLNC FY2022: -$104.5MFLNC FY2023: -$69.6MFLNC FY2024: $22.7MFLNC FY2025: -$48.3MFY19FY20FY21FY22FY23FY24FY25FY26
ENS $293.6MFLNC -$48.3M
Net margin
ENS FY2019: 5.7%ENS FY2020: 4.4%ENS FY2021: 4.8%ENS FY2022: 4.3%ENS FY2023: 4.7%ENS FY2024: 7.5%ENS FY2025: 10.1%ENS FY2026: 7.8%FLNC FY2020: -8.3%FLNC FY2022: -23.8%FLNC FY2022: -8.7%FLNC FY2023: -3.1%FLNC FY2024: 0.8%FLNC FY2025: -2.1%FY19FY20FY21FY22FY23FY24FY25FY26
ENS 7.8%FLNC -2.1%
Revenue growth
ENS FY2020: +10.0%ENS FY2021: -3.6%ENS FY2022: +12.7%ENS FY2023: +10.5%ENS FY2024: -3.4%ENS FY2025: +1.0%ENS FY2026: +3.7%FLNC FY2022: +21.3%FLNC FY2022: +76.1%FLNC FY2023: +85.0%FLNC FY2024: +21.7%FLNC FY2025: -16.1%FY20FY21FY22FY23FY24FY25FY26
ENS +3.7%FLNC -16.1%
Free cash flow
ENS FY2019: $127.5MENS FY2020: $152MENS FY2021: $288.4MENS FY2022: -$139.6MENS FY2023: $191.2MENS FY2024: $370.6MENS FY2025: $139.3MENS FY2026: $467.5MFLNC FY2020: -$15.8MFLNC FY2022: -$269.6MFLNC FY2022: -$290.3MFLNC FY2023: -$114.9MFLNC FY2024: $71.6MFLNC FY2025: -$160.4MFY19FY20FY21FY22FY23FY24FY25FY26
ENS $467.5MFLNC -$160.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about EnerSys and Fluence Energy

Which is bigger by revenue, EnerSys or Fluence Energy?

EnerSys is bigger by revenue: $3.8B in fiscal 2026, against $2.3B for Fluence Energy in fiscal 2025.

Which keeps more of its revenue as profit, EnerSys or Fluence Energy?

EnerSys had a net margin of 7.8% in fiscal 2026; Fluence Energy had -2.1% in fiscal 2025.

Which grew revenue faster, EnerSys or Fluence Energy?

In their latest fiscal years revenue changed by +3.7% at EnerSys and -16.1% at Fluence Energy.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies