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Side-by-side financial comparison of EnerSys (ENS) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $919.1M, roughly 1.4× EnerSys). EnerSys runs the higher net margin — 9.8% vs 8.7%, a 1.1% gap on every dollar of revenue. On growth, EnerSys posted the faster year-over-year revenue change (1.4% vs 0.4%). EnerSys produced more free cash flow last quarter ($171.3M vs $5.0M). Over the past eight quarters, Graham Holdings Co's revenue compounded faster (4.2% 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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
ENS vs GHC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $919.1M | $1.3B |
| Net Profit | $90.4M | $108.7M |
| Gross Margin | 30.1% | — |
| Operating Margin | 13.5% | 3.8% |
| Net Margin | 9.8% | 8.7% |
| Revenue YoY | 1.4% | 0.4% |
| Net Profit YoY | -21.3% | -80.2% |
| EPS (diluted) | $2.40 | $24.76 |
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 | $1.3B | ||
| Q3 25 | $951.3M | $1.3B | ||
| Q2 25 | $893.0M | $1.2B | ||
| Q1 25 | $974.8M | $1.2B | ||
| Q4 24 | $906.2M | $1.2B | ||
| Q3 24 | $883.7M | $1.2B | ||
| Q2 24 | $852.9M | $1.2B | ||
| Q1 24 | $910.7M | $1.2B |
| Q4 25 | $90.4M | $108.7M | ||
| Q3 25 | $68.4M | $122.9M | ||
| Q2 25 | $57.5M | $36.7M | ||
| Q1 25 | $96.5M | $23.9M | ||
| Q4 24 | $114.8M | $548.8M | ||
| Q3 24 | $82.3M | $72.5M | ||
| Q2 24 | $70.1M | $-21.0M | ||
| Q1 24 | $60.9M | $124.4M |
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 28.4% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 32.9% | — | ||
| Q3 24 | 28.5% | — | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 27.9% | — |
| Q4 25 | 13.5% | 3.8% | ||
| Q3 25 | 9.7% | 5.2% | ||
| Q2 25 | 9.7% | 6.0% | ||
| Q1 25 | 13.5% | 4.1% | ||
| Q4 24 | 15.7% | 5.8% | ||
| Q3 24 | 11.2% | 6.8% | ||
| Q2 24 | 10.7% | 2.2% | ||
| Q1 24 | 8.9% | 3.1% |
| Q4 25 | 9.8% | 8.7% | ||
| Q3 25 | 7.2% | 9.6% | ||
| Q2 25 | 6.4% | 3.0% | ||
| Q1 25 | 9.9% | 2.0% | ||
| Q4 24 | 12.7% | 44.1% | ||
| Q3 24 | 9.3% | 6.0% | ||
| Q2 24 | 8.2% | -1.8% | ||
| Q1 24 | 6.7% | 10.8% |
| Q4 25 | $2.40 | $24.76 | ||
| Q3 25 | $1.80 | $27.91 | ||
| Q2 25 | $1.46 | $8.35 | ||
| Q1 25 | $2.39 | $5.45 | ||
| Q4 24 | $2.88 | $124.05 | ||
| Q3 24 | $2.01 | $16.42 | ||
| Q2 24 | $1.71 | $-4.79 | ||
| Q1 24 | $1.48 | $27.72 |
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 | $267.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $4.8B |
| Total Assets | $4.0B | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $450.1M | $267.0M | ||
| Q3 25 | $388.6M | $190.8M | ||
| Q2 25 | $346.7M | $176.2M | ||
| Q1 25 | $343.1M | $156.7M | ||
| Q4 24 | $463.2M | $260.9M | ||
| Q3 24 | $407.9M | $244.4M | ||
| Q2 24 | $344.1M | $140.7M | ||
| Q1 24 | $333.3M | $130.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $802.0M | — |
| Q4 25 | $1.9B | $4.8B | ||
| Q3 25 | $1.9B | $4.5B | ||
| Q2 25 | $1.9B | $4.4B | ||
| Q1 25 | $1.9B | $4.3B | ||
| Q4 24 | $1.8B | $4.3B | ||
| Q3 24 | $1.8B | $4.0B | ||
| Q2 24 | $1.8B | $4.0B | ||
| Q1 24 | $1.8B | $4.0B |
| Q4 25 | $4.0B | $8.4B | ||
| Q3 25 | $4.1B | $7.9B | ||
| Q2 25 | $4.1B | $7.6B | ||
| Q1 25 | $4.0B | $7.6B | ||
| Q4 24 | $4.0B | $7.7B | ||
| Q3 24 | $4.0B | $7.4B | ||
| Q2 24 | $3.6B | $7.2B | ||
| Q1 24 | $3.5B | $7.3B |
| 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 | $28.3M |
| Free Cash FlowOCF − Capex | $171.3M | $5.0M |
| FCF MarginFCF / Revenue | 18.6% | 0.4% |
| Capex IntensityCapex / Revenue | 1.4% | 1.9% |
| Cash ConversionOCF / Net Profit | 2.04× | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | $441.3M | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.6M | $28.3M | ||
| Q3 25 | $218.0M | $178.1M | ||
| Q2 25 | $968.0K | $94.8M | ||
| Q1 25 | $135.2M | $46.0M | ||
| Q4 24 | $81.1M | $116.3M | ||
| Q3 24 | $33.6M | $237.6M | ||
| Q2 24 | $10.4M | $52.0M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | $171.3M | $5.0M | ||
| Q3 25 | $197.1M | $161.8M | ||
| Q2 25 | $-32.1M | $78.0M | ||
| Q1 25 | $104.9M | $30.5M | ||
| Q4 24 | $56.8M | $91.1M | ||
| Q3 24 | $3.3M | $219.4M | ||
| Q2 24 | $-25.7M | $33.7M | ||
| Q1 24 | — | $-20.2M |
| Q4 25 | 18.6% | 0.4% | ||
| Q3 25 | 20.7% | 12.6% | ||
| Q2 25 | -3.6% | 6.4% | ||
| Q1 25 | 10.8% | 2.6% | ||
| Q4 24 | 6.3% | 7.3% | ||
| Q3 24 | 0.4% | 18.2% | ||
| Q2 24 | -3.0% | 2.8% | ||
| Q1 24 | — | -1.8% |
| Q4 25 | 1.4% | 1.9% | ||
| Q3 25 | 2.2% | 1.3% | ||
| Q2 25 | 3.7% | 1.4% | ||
| Q1 25 | 3.1% | 1.3% | ||
| Q4 24 | 2.7% | 2.0% | ||
| Q3 24 | 3.4% | 1.5% | ||
| Q2 24 | 4.2% | 1.5% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 2.04× | 0.26× | ||
| Q3 25 | 3.19× | 1.45× | ||
| Q2 25 | 0.02× | 2.58× | ||
| Q1 25 | 1.40× | 1.93× | ||
| Q4 24 | 0.71× | 0.21× | ||
| Q3 24 | 0.41× | 3.28× | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | — | 0.01× |
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% |
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
