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Side-by-side financial comparison of EnerSys (ENS) and Fabrinet (FN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $919.1M, roughly 1.2× EnerSys). Fabrinet runs the higher net margin — 9.9% vs 9.8%, a 0.1% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 1.4%). EnerSys produced more free cash flow last quarter ($171.3M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 0.5%).
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.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
ENS vs FN — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $919.1M | $1.1B |
| Net Profit | $90.4M | $112.6M |
| Gross Margin | 30.1% | 12.2% |
| Operating Margin | 13.5% | 10.1% |
| Net Margin | 9.8% | 9.9% |
| Revenue YoY | 1.4% | 35.9% |
| Net Profit YoY | -21.3% | 30.0% |
| EPS (diluted) | $2.40 | $3.11 |
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 | $919.1M | $1.1B | ||
| Q3 25 | $951.3M | $978.1M | ||
| Q2 25 | $893.0M | $909.7M | ||
| Q1 25 | $974.8M | $871.8M | ||
| Q4 24 | $906.2M | $833.6M | ||
| Q3 24 | $883.7M | $804.2M | ||
| Q2 24 | $852.9M | $753.3M | ||
| Q1 24 | $910.7M | $731.5M |
| Q4 25 | $90.4M | $112.6M | ||
| Q3 25 | $68.4M | $95.9M | ||
| Q2 25 | $57.5M | $87.2M | ||
| Q1 25 | $96.5M | $81.3M | ||
| Q4 24 | $114.8M | $86.6M | ||
| Q3 24 | $82.3M | $77.4M | ||
| Q2 24 | $70.1M | $81.1M | ||
| Q1 24 | $60.9M | $80.9M |
| Q4 25 | 30.1% | 12.2% | ||
| Q3 25 | 29.1% | 11.9% | ||
| Q2 25 | 28.4% | 12.2% | ||
| Q1 25 | 31.2% | 11.7% | ||
| Q4 24 | 32.9% | 12.1% | ||
| Q3 24 | 28.5% | 12.3% | ||
| Q2 24 | 27.9% | 12.3% | ||
| Q1 24 | 27.9% | 12.4% |
| Q4 25 | 13.5% | 10.1% | ||
| Q3 25 | 9.7% | 9.6% | ||
| Q2 25 | 9.7% | 9.8% | ||
| Q1 25 | 13.5% | 9.0% | ||
| Q4 24 | 15.7% | 9.5% | ||
| Q3 24 | 11.2% | 9.6% | ||
| Q2 24 | 10.7% | 9.7% | ||
| Q1 24 | 8.9% | 9.7% |
| Q4 25 | 9.8% | 9.9% | ||
| Q3 25 | 7.2% | 9.8% | ||
| Q2 25 | 6.4% | 9.6% | ||
| Q1 25 | 9.9% | 9.3% | ||
| Q4 24 | 12.7% | 10.4% | ||
| Q3 24 | 9.3% | 9.6% | ||
| Q2 24 | 8.2% | 10.8% | ||
| Q1 24 | 6.7% | 11.1% |
| Q4 25 | $2.40 | $3.11 | ||
| Q3 25 | $1.80 | $2.66 | ||
| Q2 25 | $1.46 | $2.41 | ||
| Q1 25 | $2.39 | $2.25 | ||
| Q4 24 | $2.88 | $2.38 | ||
| Q3 24 | $2.01 | $2.13 | ||
| Q2 24 | $1.71 | $2.22 | ||
| Q1 24 | $1.48 | $2.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $450.1M | $960.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $2.2B |
| Total Assets | $4.0B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $450.1M | $960.8M | ||
| Q3 25 | $388.6M | $968.8M | ||
| Q2 25 | $346.7M | $934.2M | ||
| Q1 25 | $343.1M | $950.7M | ||
| Q4 24 | $463.2M | $934.6M | ||
| Q3 24 | $407.9M | $908.9M | ||
| Q2 24 | $344.1M | $858.6M | ||
| Q1 24 | $333.3M | $794.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $802.0M | — |
| Q4 25 | $1.9B | $2.2B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | $1.7B | ||
| Q1 24 | $1.8B | $1.7B |
| Q4 25 | $4.0B | $3.3B | ||
| Q3 25 | $4.1B | $3.0B | ||
| Q2 25 | $4.1B | $2.8B | ||
| Q1 25 | $4.0B | $2.6B | ||
| Q4 24 | $4.0B | $2.5B | ||
| Q3 24 | $4.0B | $2.4B | ||
| Q2 24 | $3.6B | $2.3B | ||
| Q1 24 | $3.5B | $2.2B |
| 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 | $184.6M | $46.3M |
| Free Cash FlowOCF − Capex | $171.3M | $-5.3M |
| FCF MarginFCF / Revenue | 18.6% | -0.5% |
| Capex IntensityCapex / Revenue | 1.4% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.04× | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $441.3M | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.6M | $46.3M | ||
| Q3 25 | $218.0M | $102.6M | ||
| Q2 25 | $968.0K | $55.1M | ||
| Q1 25 | $135.2M | $74.2M | ||
| Q4 24 | $81.1M | $115.9M | ||
| Q3 24 | $33.6M | $83.2M | ||
| Q2 24 | $10.4M | $83.1M | ||
| Q1 24 | — | $100.9M |
| Q4 25 | $171.3M | $-5.3M | ||
| Q3 25 | $197.1M | $57.3M | ||
| Q2 25 | $-32.1M | $4.7M | ||
| Q1 25 | $104.9M | $45.7M | ||
| Q4 24 | $56.8M | $94.0M | ||
| Q3 24 | $3.3M | $62.9M | ||
| Q2 24 | $-25.7M | $70.4M | ||
| Q1 24 | — | $87.3M |
| Q4 25 | 18.6% | -0.5% | ||
| Q3 25 | 20.7% | 5.9% | ||
| Q2 25 | -3.6% | 0.5% | ||
| Q1 25 | 10.8% | 5.2% | ||
| Q4 24 | 6.3% | 11.3% | ||
| Q3 24 | 0.4% | 7.8% | ||
| Q2 24 | -3.0% | 9.3% | ||
| Q1 24 | — | 11.9% |
| Q4 25 | 1.4% | 4.6% | ||
| Q3 25 | 2.2% | 4.6% | ||
| Q2 25 | 3.7% | 5.5% | ||
| Q1 25 | 3.1% | 3.3% | ||
| Q4 24 | 2.7% | 2.6% | ||
| Q3 24 | 3.4% | 2.5% | ||
| Q2 24 | 4.2% | 1.7% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | 2.04× | 0.41× | ||
| Q3 25 | 3.19× | 1.07× | ||
| Q2 25 | 0.02× | 0.63× | ||
| Q1 25 | 1.40× | 0.91× | ||
| Q4 24 | 0.71× | 1.34× | ||
| Q3 24 | 0.41× | 1.07× | ||
| Q2 24 | 0.15× | 1.02× | ||
| Q1 24 | — | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
