F

EnerSys — Earnings Quality Grade F

ENS · Industrials

Major red flags

Revenue
$3.6B
2025
Net Income
$364M
2025
Gross Margin
30.2%
Free Cash Flow
$139M
01

Screening Summary

10
Passed
3
Watch
2
Failed
M-Score

Management Signals

No recent CEO, CFO, board, or accounting leadership signals found in SEC 8-K filings.
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 60 days, change +7 days YoY

!
A2AR vs Revenue Growth

AR growth 14.0% exceeds revenue growth 1.0%

A3Revenue vs CFFO

Revenue 1.0%, CFFO -43.0%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 6.1% vs COGS -2.8%. Normal

!
B2CapEx vs Revenue

CapEx growth 40.0% is >2x revenue growth 1.0%

B3SG&A Ratio

Insufficient data

B4Gross Margin

Gross margin 30.2%, change +2.8pp. Stable

03

Cash Flow Quality

!
C1CFFO vs Net Income

CFFO/NI = 0.72. Below 1.0

C2Free Cash Flow

FCF $0.1B, FCF/NI = 0.38

C3Accruals Ratio

Accruals ratio = 2.6%. Low accruals

C4Cash vs Debt

Cash $0.3B covers only 29% of debt $1.2B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $1.1B = 57% of equity. Over 50%

D2Leverage

Debt/EBITDA = 2.2x. Healthy

D3Soft Asset Growth

Other assets 19.2% vs revenue 1.0%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change 9% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

Insufficient data

Portfolio monitoring

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05

Altman Z-Score

5.97
Safe Zone
0 Distress1.102.605.0+ Safe
0.3311
Liquidity
0.6268
Cumulative profit
0.1153
Operating efficiency
0.9339
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25