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Side-by-side financial comparison of EnerSys (ENS) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $919.1M, roughly 1.5× EnerSys). EnerSys runs the higher net margin — 9.8% vs 3.1%, a 6.7% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs 1.4%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $171.3M). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% 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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
ENS vs SEE — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $919.1M | $1.4B |
| Net Profit | $90.4M | $43.8M |
| Gross Margin | 30.1% | 28.6% |
| Operating Margin | 13.5% | 11.4% |
| Net Margin | 9.8% | 3.1% |
| Revenue YoY | 1.4% | 2.6% |
| Net Profit YoY | -21.3% | 700.0% |
| EPS (diluted) | $2.40 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $951.3M | $1.3B | ||
| Q2 25 | $893.0M | $1.3B | ||
| Q1 25 | $974.8M | $1.3B | ||
| Q4 24 | $906.2M | $1.4B | ||
| Q3 24 | $883.7M | $1.3B | ||
| Q2 24 | $852.9M | $1.3B | ||
| Q1 24 | $910.7M | $1.3B |
| Q4 25 | $90.4M | $43.8M | ||
| Q3 25 | $68.4M | $255.1M | ||
| Q2 25 | $57.5M | $93.1M | ||
| Q1 25 | $96.5M | $113.5M | ||
| Q4 24 | $114.8M | $-7.3M | ||
| Q3 24 | $82.3M | $91.7M | ||
| Q2 24 | $70.1M | $98.3M | ||
| Q1 24 | $60.9M | $82.0M |
| Q4 25 | 30.1% | 28.6% | ||
| Q3 25 | 29.1% | 29.8% | ||
| Q2 25 | 28.4% | 30.7% | ||
| Q1 25 | 31.2% | 30.9% | ||
| Q4 24 | 32.9% | 30.0% | ||
| Q3 24 | 28.5% | 30.1% | ||
| Q2 24 | 27.9% | 31.2% | ||
| Q1 24 | 27.9% | 30.3% |
| Q4 25 | 13.5% | 11.4% | ||
| Q3 25 | 9.7% | 13.8% | ||
| Q2 25 | 9.7% | 15.0% | ||
| Q1 25 | 13.5% | 14.5% | ||
| Q4 24 | 15.7% | 11.7% | ||
| Q3 24 | 11.2% | 13.9% | ||
| Q2 24 | 10.7% | 15.4% | ||
| Q1 24 | 8.9% | 14.0% |
| Q4 25 | 9.8% | 3.1% | ||
| Q3 25 | 7.2% | 19.0% | ||
| Q2 25 | 6.4% | 7.0% | ||
| Q1 25 | 9.9% | 9.0% | ||
| Q4 24 | 12.7% | -0.5% | ||
| Q3 24 | 9.3% | 6.9% | ||
| Q2 24 | 8.2% | 7.4% | ||
| Q1 24 | 6.7% | 6.2% |
| Q4 25 | $2.40 | $0.30 | ||
| Q3 25 | $1.80 | $1.73 | ||
| Q2 25 | $1.46 | $0.63 | ||
| Q1 25 | $2.39 | $0.77 | ||
| Q4 24 | $2.88 | $-0.05 | ||
| Q3 24 | $2.01 | $0.63 | ||
| Q2 24 | $1.71 | $0.67 | ||
| Q1 24 | $1.48 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $1.9B | $1.2B |
| Total Assets | $4.0B | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $450.1M | $344.0M | ||
| Q3 25 | $388.6M | $282.5M | ||
| Q2 25 | $346.7M | $354.4M | ||
| Q1 25 | $343.1M | $335.2M | ||
| Q4 24 | $463.2M | $371.8M | ||
| Q3 24 | $407.9M | $386.0M | ||
| Q2 24 | $344.1M | $388.6M | ||
| Q1 24 | $333.3M | $352.8M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | $1.1B | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | $802.0M | $4.5B |
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.9B | $953.1M | ||
| Q1 25 | $1.9B | $797.9M | ||
| Q4 24 | $1.8B | $624.5M | ||
| Q3 24 | $1.8B | $771.2M | ||
| Q2 24 | $1.8B | $650.1M | ||
| Q1 24 | $1.8B | $598.3M |
| Q4 25 | $4.0B | $7.0B | ||
| Q3 25 | $4.1B | $7.1B | ||
| Q2 25 | $4.1B | $7.2B | ||
| Q1 25 | $4.0B | $7.0B | ||
| Q4 24 | $4.0B | $7.0B | ||
| Q3 24 | $4.0B | $7.3B | ||
| Q2 24 | $3.6B | $7.3B | ||
| Q1 24 | $3.5B | $7.2B |
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | 0.57× | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | 0.46× | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $171.3M | $257.7M |
| FCF MarginFCF / Revenue | 18.6% | 18.5% |
| Capex IntensityCapex / Revenue | 1.4% | 2.6% |
| Cash ConversionOCF / Net Profit | 2.04× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $441.3M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.6M | $293.6M | ||
| Q3 25 | $218.0M | $165.9M | ||
| Q2 25 | $968.0K | $136.6M | ||
| Q1 25 | $135.2M | $31.9M | ||
| Q4 24 | $81.1M | $244.2M | ||
| Q3 24 | $33.6M | $170.5M | ||
| Q2 24 | $10.4M | $188.2M | ||
| Q1 24 | — | $125.1M |
| Q4 25 | $171.3M | $257.7M | ||
| Q3 25 | $197.1M | $119.6M | ||
| Q2 25 | $-32.1M | $93.2M | ||
| Q1 25 | $104.9M | $-12.0M | ||
| Q4 24 | $56.8M | $185.1M | ||
| Q3 24 | $3.3M | $115.2M | ||
| Q2 24 | $-25.7M | $129.5M | ||
| Q1 24 | — | $78.0M |
| Q4 25 | 18.6% | 18.5% | ||
| Q3 25 | 20.7% | 8.9% | ||
| Q2 25 | -3.6% | 7.0% | ||
| Q1 25 | 10.8% | -0.9% | ||
| Q4 24 | 6.3% | 13.6% | ||
| Q3 24 | 0.4% | 8.6% | ||
| Q2 24 | -3.0% | 9.7% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | 1.4% | 2.6% | ||
| Q3 25 | 2.2% | 3.4% | ||
| Q2 25 | 3.7% | 3.3% | ||
| Q1 25 | 3.1% | 3.5% | ||
| Q4 24 | 2.7% | 4.4% | ||
| Q3 24 | 3.4% | 4.1% | ||
| Q2 24 | 4.2% | 4.4% | ||
| Q1 24 | — | 3.6% |
| Q4 25 | 2.04× | 6.70× | ||
| Q3 25 | 3.19× | 0.65× | ||
| Q2 25 | 0.02× | 1.47× | ||
| Q1 25 | 1.40× | 0.28× | ||
| Q4 24 | 0.71× | — | ||
| Q3 24 | 0.41× | 1.86× | ||
| Q2 24 | 0.15× | 1.91× | ||
| Q1 24 | — | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
