vs
Side-by-side financial comparison of EnerSys (ENS) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
EnerSys is the larger business by last-quarter revenue ($919.1M vs $822.5M, roughly 1.1× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 9.8%, a 24.8% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 1.4%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $171.3M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% 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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
ENS vs MSCI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $919.1M | $822.5M |
| Net Profit | $90.4M | $284.7M |
| Gross Margin | 30.1% | — |
| Operating Margin | 13.5% | 56.4% |
| Net Margin | 9.8% | 34.6% |
| Revenue YoY | 1.4% | 10.6% |
| Net Profit YoY | -21.3% | -6.8% |
| EPS (diluted) | $2.40 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $951.3M | $793.4M | ||
| Q2 25 | $893.0M | $772.7M | ||
| Q1 25 | $974.8M | $745.8M | ||
| Q4 24 | $906.2M | $743.5M | ||
| Q3 24 | $883.7M | $724.7M | ||
| Q2 24 | $852.9M | $707.9M | ||
| Q1 24 | $910.7M | $680.0M |
| Q4 25 | $90.4M | $284.7M | ||
| Q3 25 | $68.4M | $325.4M | ||
| Q2 25 | $57.5M | $303.6M | ||
| Q1 25 | $96.5M | $288.6M | ||
| Q4 24 | $114.8M | $305.5M | ||
| Q3 24 | $82.3M | $280.9M | ||
| Q2 24 | $70.1M | $266.8M | ||
| Q1 24 | $60.9M | $256.0M |
| 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% | 56.4% | ||
| Q3 25 | 9.7% | 56.4% | ||
| Q2 25 | 9.7% | 55.0% | ||
| Q1 25 | 13.5% | 50.6% | ||
| Q4 24 | 15.7% | 54.5% | ||
| Q3 24 | 11.2% | 55.4% | ||
| Q2 24 | 10.7% | 54.0% | ||
| Q1 24 | 8.9% | 49.9% |
| Q4 25 | 9.8% | 34.6% | ||
| Q3 25 | 7.2% | 41.0% | ||
| Q2 25 | 6.4% | 39.3% | ||
| Q1 25 | 9.9% | 38.7% | ||
| Q4 24 | 12.7% | 41.1% | ||
| Q3 24 | 9.3% | 38.8% | ||
| Q2 24 | 8.2% | 37.7% | ||
| Q1 24 | 6.7% | 37.6% |
| Q4 25 | $2.40 | $3.81 | ||
| Q3 25 | $1.80 | $4.25 | ||
| Q2 25 | $1.46 | $3.92 | ||
| Q1 25 | $2.39 | $3.71 | ||
| Q4 24 | $2.88 | $3.89 | ||
| Q3 24 | $2.01 | $3.57 | ||
| Q2 24 | $1.71 | $3.37 | ||
| Q1 24 | $1.48 | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $1.9B | $-2.7B |
| Total Assets | $4.0B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $450.1M | $515.3M | ||
| Q3 25 | $388.6M | $400.1M | ||
| Q2 25 | $346.7M | $347.3M | ||
| Q1 25 | $343.1M | $360.7M | ||
| Q4 24 | $463.2M | $409.4M | ||
| Q3 24 | $407.9M | $501.0M | ||
| Q2 24 | $344.1M | $451.4M | ||
| Q1 24 | $333.3M | $519.3M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | $1.1B | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.5B | ||
| Q1 24 | $802.0M | $4.5B |
| Q4 25 | $1.9B | $-2.7B | ||
| Q3 25 | $1.9B | $-1.9B | ||
| Q2 25 | $1.9B | $-886.2M | ||
| Q1 25 | $1.9B | $-958.6M | ||
| Q4 24 | $1.8B | $-940.0M | ||
| Q3 24 | $1.8B | $-751.0M | ||
| Q2 24 | $1.8B | $-734.5M | ||
| Q1 24 | $1.8B | $-650.5M |
| Q4 25 | $4.0B | $5.7B | ||
| Q3 25 | $4.1B | $5.4B | ||
| Q2 25 | $4.1B | $5.4B | ||
| Q1 25 | $4.0B | $5.3B | ||
| Q4 24 | $4.0B | $5.4B | ||
| Q3 24 | $4.0B | $5.4B | ||
| Q2 24 | $3.6B | $5.5B | ||
| Q1 24 | $3.5B | $5.5B |
| 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 | $184.6M | $501.1M |
| Free Cash FlowOCF − Capex | $171.3M | $488.7M |
| FCF MarginFCF / Revenue | 18.6% | 59.4% |
| Capex IntensityCapex / Revenue | 1.4% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.04× | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $441.3M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.6M | $501.1M | ||
| Q3 25 | $218.0M | $449.4M | ||
| Q2 25 | $968.0K | $336.1M | ||
| Q1 25 | $135.2M | $301.7M | ||
| Q4 24 | $81.1M | $430.6M | ||
| Q3 24 | $33.6M | $421.6M | ||
| Q2 24 | $10.4M | $349.2M | ||
| Q1 24 | — | $300.1M |
| Q4 25 | $171.3M | $488.7M | ||
| Q3 25 | $197.1M | $445.5M | ||
| Q2 25 | $-32.1M | $324.7M | ||
| Q1 25 | $104.9M | $290.2M | ||
| Q4 24 | $56.8M | $416.4M | ||
| Q3 24 | $3.3M | $415.0M | ||
| Q2 24 | $-25.7M | $340.6M | ||
| Q1 24 | — | $295.9M |
| Q4 25 | 18.6% | 59.4% | ||
| Q3 25 | 20.7% | 56.2% | ||
| Q2 25 | -3.6% | 42.0% | ||
| Q1 25 | 10.8% | 38.9% | ||
| Q4 24 | 6.3% | 56.0% | ||
| Q3 24 | 0.4% | 57.3% | ||
| Q2 24 | -3.0% | 48.1% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | 1.4% | 1.5% | ||
| Q3 25 | 2.2% | 0.5% | ||
| Q2 25 | 3.7% | 1.5% | ||
| Q1 25 | 3.1% | 1.5% | ||
| Q4 24 | 2.7% | 1.9% | ||
| Q3 24 | 3.4% | 0.9% | ||
| Q2 24 | 4.2% | 1.2% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 2.04× | 1.76× | ||
| Q3 25 | 3.19× | 1.38× | ||
| Q2 25 | 0.02× | 1.11× | ||
| Q1 25 | 1.40× | 1.05× | ||
| Q4 24 | 0.71× | 1.41× | ||
| Q3 24 | 0.41× | 1.50× | ||
| Q2 24 | 0.15× | 1.31× | ||
| Q1 24 | — | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
