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

EnerSys brought in $3.8B of revenue in fiscal 2026, Sunrun $3B in fiscal 2025. Revenue changed by +3.7% at EnerSys and +45.1% at Sunrun on the year before, so Sunrun grew faster. EnerSys kept 7.8% of its revenue as net profit, Sunrun 15.2%.

Side by side, latest fiscal year

ENSRUN
Fiscal year endedFY2026 (March 31, 2026)FY2025 (December 31, 2025)
Revenue$3.8B$3B
Revenue growth+3.7%+45.1%
Net income$293.6M$449.9M
Net margin7.8%15.2%
Free cash flow$467.5Mn/a
Free cash flow margin12.5%n/a
Earnings per share (diluted)$7.70$1.71
Cash$438.7M$1.2B
Debt$1.1B$14.7B
Price to earnings23.24.7
Market value$6.5B$2B
Dividend yield0.58%n/a
Rank by revenue in sector#4 of 34 · Other#5 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: $3.8BRUN FY2018: $760MRUN FY2019: $858.6MRUN FY2020: $922.2MRUN FY2021: $1.6BRUN FY2022: $2.3BRUN FY2023: $2.3BRUN FY2024: $2BRUN FY2025: $3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ENS $3.8BRUN $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: $293.6MRUN FY2018: $26.7MRUN FY2019: $26.3MRUN FY2020: -$173.4MRUN FY2021: -$79.4MRUN FY2022: $173.4MRUN FY2023: -$1.6BRUN FY2024: -$2.8BRUN FY2025: $449.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ENS $293.6MRUN $449.9M
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%RUN FY2018: 3.5%RUN FY2019: 3.1%RUN FY2020: -18.8%RUN FY2021: -4.9%RUN FY2022: 7.5%RUN FY2023: -71.0%RUN FY2024: -139.7%RUN FY2025: 15.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ENS 7.8%RUN 15.2%
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%RUN FY2019: +13.0%RUN FY2020: +7.4%RUN FY2021: +74.6%RUN FY2022: +44.2%RUN FY2023: -2.7%RUN FY2024: -9.8%RUN FY2025: +45.1%FY19FY20FY21FY22FY23FY24FY25FY26
ENS +3.7%RUN +45.1%
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: $467.5MRUN FY2018: -$67.4MRUN FY2019: -$229.8MRUN FY2020: -$321.1MRUN FY2021: -$825.8MRUN FY2022: -$867MRUN FY2023: -$841.7MRUN FY2024: -$767.7MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ENS $467.5MRUN -$767.7M

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

Questions about EnerSys and Sunrun

Which is bigger by revenue, EnerSys or Sunrun?

EnerSys is bigger by revenue: $3.8B in fiscal 2026, against $3B for Sunrun in fiscal 2025.

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

EnerSys had a net margin of 7.8% in fiscal 2026; Sunrun had 15.2% in fiscal 2025.

Which grew revenue faster, EnerSys or Sunrun?

In their latest fiscal years revenue changed by +3.7% at EnerSys and +45.1% at Sunrun.

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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