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EnerSys vs Novanta: revenue, profit, margins and growth compared

EnerSys brought in $3.8B of revenue in fiscal 2026, Novanta $980.6M in fiscal 2025. Revenue changed by +3.7% at EnerSys and +3.3% at Novanta on the year before, so EnerSys grew faster. EnerSys kept 7.8% of its revenue as net profit, Novanta 5.5%. Free cash flow was $467.5M at EnerSys and $48.4M at Novanta.

Side by side, latest fiscal year

ENSNOVT
Fiscal year endedFY2026 (March 31, 2026)FY2025 (December 31, 2025)
Revenue$3.8B$980.6M
Revenue growth+3.7%+3.3%
Net income$293.6M$53.8M
Net margin7.8%5.5%
Free cash flow$467.5M$48.4M
Free cash flow margin12.5%4.9%
Earnings per share (diluted)$7.70$1.47
Cash$438.7M$380.9M
Debt$1.1B$250.8M
Price to earnings23.297.9
Market value$6.5B$5.4B
Dividend yield0.58%n/a
Rank by revenue in sector#4 of 34 · Other#12 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: $3.8BNOVT FY2018: $614.3MNOVT FY2019: $626.1MNOVT FY2020: $590.6MNOVT FY2021: $706.8MNOVT FY2022: $860.9MNOVT FY2023: $881.7MNOVT FY2024: $949.2MNOVT FY2025: $980.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ENS $3.8BNOVT $980.6M
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: $293.6MNOVT FY2018: $49.1MNOVT FY2019: $40.8MNOVT FY2020: $44.5MNOVT FY2021: $50.3MNOVT FY2022: $74.1MNOVT FY2023: $72.9MNOVT FY2024: $64.1MNOVT FY2025: $53.8MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ENS $293.6MNOVT $53.8M
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%NOVT FY2018: 8.0%NOVT FY2019: 6.5%NOVT FY2020: 7.5%NOVT FY2021: 7.1%NOVT FY2022: 8.6%NOVT FY2023: 8.3%NOVT FY2024: 6.8%NOVT FY2025: 5.5%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ENS 7.8%NOVT 5.5%
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%NOVT FY2019: +1.9%NOVT FY2020: -5.7%NOVT FY2021: +19.7%NOVT FY2022: +21.8%NOVT FY2023: +2.4%NOVT FY2024: +7.7%NOVT FY2025: +3.3%FY19FY20FY21FY22FY23FY24FY25FY26
ENS +3.7%NOVT +3.3%
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: $467.5MNOVT FY2018: $75MNOVT FY2019: $52.5MNOVT FY2020: $129.7MNOVT FY2021: $74.6MNOVT FY2022: $71.1MNOVT FY2023: $100.1MNOVT FY2024: $141.4MNOVT FY2025: $48.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ENS $467.5MNOVT $48.4M

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

Questions about EnerSys and Novanta

Which is bigger by revenue, EnerSys or Novanta?

EnerSys is bigger by revenue: $3.8B in fiscal 2026, against $980.6M for Novanta in fiscal 2025.

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

EnerSys had a net margin of 7.8% in fiscal 2026; Novanta had 5.5% in fiscal 2025.

Which grew revenue faster, EnerSys or Novanta?

In their latest fiscal years revenue changed by +3.7% at EnerSys and +3.3% at Novanta.

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.

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