vs
Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and EnerSys (ENS). Click either name above to swap in a different company.
EnerSys is the larger business by last-quarter revenue ($919.1M vs $487.7M, roughly 1.9× CLOVER HEALTH INVESTMENTS, CORP.). EnerSys runs the higher net margin — 9.8% vs -10.1%, a 19.9% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 1.4%). EnerSys produced more free cash flow last quarter ($171.3M vs $-69.0M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 0.5%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
CLOV vs ENS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $919.1M |
| Net Profit | $-49.3M | $90.4M |
| Gross Margin | — | 30.1% |
| Operating Margin | -10.1% | 13.5% |
| Net Margin | -10.1% | 9.8% |
| Revenue YoY | 44.7% | 1.4% |
| Net Profit YoY | -123.2% | -21.3% |
| EPS (diluted) | — | $2.40 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $487.7M | $919.1M | ||
| Q3 25 | $496.6M | $951.3M | ||
| Q2 25 | $477.6M | $893.0M | ||
| Q1 25 | $462.3M | $974.8M | ||
| Q4 24 | $337.0M | $906.2M | ||
| Q3 24 | $331.0M | $883.7M | ||
| Q2 24 | $356.3M | $852.9M | ||
| Q1 24 | $346.9M | $910.7M |
| Q4 25 | $-49.3M | $90.4M | ||
| Q3 25 | $-24.4M | $68.4M | ||
| Q2 25 | $-10.6M | $57.5M | ||
| Q1 25 | $-1.3M | $96.5M | ||
| Q4 24 | $-22.1M | $114.8M | ||
| Q3 24 | $-9.2M | $82.3M | ||
| Q2 24 | $7.4M | $70.1M | ||
| Q1 24 | $-19.2M | $60.9M |
| Q4 25 | — | 30.1% | ||
| Q3 25 | — | 29.1% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 31.2% | ||
| Q4 24 | — | 32.9% | ||
| Q3 24 | 24.5% | 28.5% | ||
| Q2 24 | 30.3% | 27.9% | ||
| Q1 24 | 23.6% | 27.9% |
| Q4 25 | -10.1% | 13.5% | ||
| Q3 25 | -4.9% | 9.7% | ||
| Q2 25 | -2.2% | 9.7% | ||
| Q1 25 | -0.3% | 13.5% | ||
| Q4 24 | -6.4% | 15.7% | ||
| Q3 24 | -2.7% | 11.2% | ||
| Q2 24 | 2.0% | 10.7% | ||
| Q1 24 | -6.5% | 8.9% |
| Q4 25 | -10.1% | 9.8% | ||
| Q3 25 | -4.9% | 7.2% | ||
| Q2 25 | -2.2% | 6.4% | ||
| Q1 25 | -0.3% | 9.9% | ||
| Q4 24 | -6.6% | 12.7% | ||
| Q3 24 | -2.8% | 9.3% | ||
| Q2 24 | 2.1% | 8.2% | ||
| Q1 24 | -5.5% | 6.7% |
| Q4 25 | — | $2.40 | ||
| Q3 25 | — | $1.80 | ||
| Q2 25 | — | $1.46 | ||
| Q1 25 | — | $2.39 | ||
| Q4 24 | — | $2.88 | ||
| Q3 24 | — | $2.01 | ||
| Q2 24 | — | $1.71 | ||
| Q1 24 | — | $1.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.3M | $450.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.7M | $1.9B |
| Total Assets | $541.0M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.3M | $450.1M | ||
| Q3 25 | — | $388.6M | ||
| Q2 25 | — | $346.7M | ||
| Q1 25 | — | $343.1M | ||
| Q4 24 | $194.5M | $463.2M | ||
| Q3 24 | $288.0M | $407.9M | ||
| Q2 24 | $254.8M | $344.1M | ||
| Q1 24 | $208.3M | $333.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $802.0M |
| Q4 25 | $308.7M | $1.9B | ||
| Q3 25 | $340.9M | $1.9B | ||
| Q2 25 | $344.2M | $1.9B | ||
| Q1 25 | $336.1M | $1.9B | ||
| Q4 24 | $341.1M | $1.8B | ||
| Q3 24 | $342.2M | $1.8B | ||
| Q2 24 | $324.9M | $1.8B | ||
| Q1 24 | $292.5M | $1.8B |
| Q4 25 | $541.0M | $4.0B | ||
| Q3 25 | $559.7M | $4.1B | ||
| Q2 25 | $575.0M | $4.1B | ||
| Q1 25 | $583.7M | $4.0B | ||
| Q4 24 | $580.7M | $4.0B | ||
| Q3 24 | $653.0M | $4.0B | ||
| Q2 24 | $674.2M | $3.6B | ||
| Q1 24 | $671.8M | $3.5B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.46× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-66.9M | $184.6M |
| Free Cash FlowOCF − Capex | $-69.0M | $171.3M |
| FCF MarginFCF / Revenue | -14.1% | 18.6% |
| Capex IntensityCapex / Revenue | 0.4% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | $441.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-66.9M | $184.6M | ||
| Q3 25 | $12.1M | $218.0M | ||
| Q2 25 | $5.4M | $968.0K | ||
| Q1 25 | $-16.3M | $135.2M | ||
| Q4 24 | $34.8M | $81.1M | ||
| Q3 24 | $50.0M | $33.6M | ||
| Q2 24 | $44.8M | $10.4M | ||
| Q1 24 | $25.9M | — |
| Q4 25 | $-69.0M | $171.3M | ||
| Q3 25 | $11.4M | $197.1M | ||
| Q2 25 | $4.8M | $-32.1M | ||
| Q1 25 | $-16.5M | $104.9M | ||
| Q4 24 | $33.3M | $56.8M | ||
| Q3 24 | $49.6M | $3.3M | ||
| Q2 24 | $44.4M | $-25.7M | ||
| Q1 24 | $25.5M | — |
| Q4 25 | -14.1% | 18.6% | ||
| Q3 25 | 2.3% | 20.7% | ||
| Q2 25 | 1.0% | -3.6% | ||
| Q1 25 | -3.6% | 10.8% | ||
| Q4 24 | 9.9% | 6.3% | ||
| Q3 24 | 15.0% | 0.4% | ||
| Q2 24 | 12.5% | -3.0% | ||
| Q1 24 | 7.3% | — |
| Q4 25 | 0.4% | 1.4% | ||
| Q3 25 | 0.1% | 2.2% | ||
| Q2 25 | 0.1% | 3.7% | ||
| Q1 25 | 0.0% | 3.1% | ||
| Q4 24 | 0.5% | 2.7% | ||
| Q3 24 | 0.1% | 3.4% | ||
| Q2 24 | 0.1% | 4.2% | ||
| Q1 24 | 0.1% | — |
| Q4 25 | — | 2.04× | ||
| Q3 25 | — | 3.19× | ||
| Q2 25 | — | 0.02× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | 6.04× | 0.15× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLOV
Segment breakdown not available.
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
