Enerpac Tool Group

EPAC · NYSE · Industrials · Financials, fiscal 2017 to 2026

EPAC · Last close · November 6, 2026

$38.83

Enerpac Tool Group's revenue rose 5.7% to $652 million in fiscal 2026. Its operating margin was 19.8%, down from 21.6% a year earlier. Free cash flow was $120 million, up 30.0%. It paid out $83 million in dividends and buybacks, 70% of free cash flow. The diluted share count fell 4.2%.

ENERPAC TOOL GROUP CORP. Latest fiscal year ended August 31, 2026 10-K filed October 29, 2026 · 0000006955-26-000109 Updated November 5, 2026

Revenue

$652M

5.7%

Operating margin

19.8%

1.8 pts

Net income

$90M

3.2%

Free cash flow

$120M

30.0%

Return on capital

21.1%

1.8 pts

Market cap

$2.0B

Nov 6 close

P/E

22.6x

On $1.72 EPS, FY26

Operating margin is operating income as a share of revenue. Free cash flow is cash from operations minus capital spending. Return on capital is after-tax operating income as a share of the money invested in the business: debt plus equity, minus cash. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

What Enerpac Tool Group does

Enerpac Tool Group makes high pressure hydraulic tools and controlled force products, and equipment for positioning heavy loads precisely. It also offers services and tool rental. It was founded in 1910, is based in Milwaukee, Wisconsin, and sells in more than 100 countries.

Its one reportable segment, Industrial Tools & Services, designs, makes and distributes branded hydraulic and mechanical tools. Its customers are in general industry, refining and petrochemicals, industrial maintenance, machining and manufacturing, power generation, infrastructure, mining and other markets. It relies on agents and distributors to market its products and services.

Shortly before the filing, on October 28, 2026, the company completed the purchase of Specialized Fabrication Equipment Group (SFE Group). The report describes SFE Group separately from the rest of the business, which it describes as it stood at the end of fiscal 2026.

Its biggest risks, as it describes them

Supply chain problems, parts shortages and freight delays could raise its costs or delay deliveries.
Weak economies and tough end-market conditions could cut demand for its tools.
Disruptions in global oil markets have hurt its business before and could again.
Tariffs and trade uncertainty may raise costs and hurt results.
It could lose the agents and distributors it relies on to sell its products.

From Enerpac Tool Group's annual report on Form 10-K, filed October 29, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new annual report.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both.

Revenue (left axis)Net income (right axis)

Gross profit, R&D and operating income

US$ billions, fiscal years. Gross profit is revenue minus the cost of what was sold; research and development is one of the costs paid from it; what remains after all operating costs is operating income. Losses in red.

Gross profitResearch and developmentOperating income

Margins

Percent of revenue

GrossOperatingNetFree cash flow

From fiscal 2020 to 2026, earnings per share grew 135.8% a year and net income 124.5% a year, as buybacks cut the share count by 13%.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Returns on capital

Return on capital and on equity

Percent. Return on capital is after-tax operating income over the money invested in the business (debt plus equity, minus cash); return on equity is net income over shareholders' equity. Both use the average of opening and closing balances.

Return on capitalReturn on equity

Balance sheet

Cash and debt

US$ billions, at each fiscal year end. Debt includes finance leases.

Cash and short-term investmentsDebt

Assets, liabilities and equity

US$ billions, at each fiscal year end. Assets equal liabilities plus equity; negative equity in red.

Total assetsTotal liabilitiesShareholders' equity

Debt and liquidity ratios

Times. Debt to equity, current assets over current liabilities, and net debt over EBITDA (a full year's).

Debt to equityCurrent ratioNet debt to EBITDA

Five years at a glance

Fiscal year end	FY22	FY23	FY24	FY25	FY26
Cash and short-term investments	121	154	167	152	175
Debt incl. finance leases	208	215	195	190	182
Net debt (negative means net cash)	87	60	28	38	8
Net debt to EBITDA	1.7x	0.6x	0.2x	0.3x	0.1x
Debt to equity	0.7x	0.7x	0.5x	0.4x	0.4x
Interest coverage	9.9x	7.9x	9.8x	15.2x	16.4x
Current ratio	2.2x	2.4x	2.9x	2.7x	2.7x
Quick ratio	1.7x	1.9x	2.3x	2.2x	2.3x

US$ millions unless stated, at each fiscal year end. Net debt to EBITDA is debt minus cash, divided by operating income before depreciation and amortization: roughly how many years of those earnings the net debt equals. Debt to equity is debt as a multiple of shareholders' equity. Interest coverage is operating income divided by interest expense. The current ratio is current assets over current liabilities; the quick ratio leaves out inventory.

Cash flow

Cash from operations, capital spending and free cash flow

US$ billions, fiscal years. Free cash flow is cash from operations minus capital spending; negative years in red.

Cash from operationsCapital spendingFree cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Enerpac Tool Group's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them, or value it with a discounted cash flow model. Every projected figure is yours: it is not a forecast of ours.

Open Enerpac Tool Group's projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, no insider bought Enerpac Tool Group shares on the open market, and 2 insiders sold $298,886, all of it under trading plans set up in advance.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Nov 2, 2026	Benjamin James TopercerEVP - Cpto	Sold plan	4,800	$41.30	$198,240	Form 4
Jul 23, 2026	Ferland E James JrDirector	Sold plan	2,930	$34.35	$100,646	Form 4

Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Indicators

Four widely used measures, worked out from the company's filings. The cutoffs are the ones their authors or users go by, not a verdict of ours.

Indicator	FY24	FY25	FY26
Piotroski F-score	7 of 9	7 of 9	5 of 9
Rule of 40	10.4%	19.6%	24.1%
Altman Z''	5.27	5.25	5.26
Accruals ratio	0.6%	−2.3%	−4.8%

Piotroski F-score: how many of nine simple tests of profitability, funding and efficiency the company passed in the year (Piotroski, 2000); 8 or 9 is strong, 0 to 2 weak. Rule of 40: revenue growth plus free cash flow margin; software investors treat 40% or more as the bar. Altman Z'': working capital, retained earnings, operating income and equity weighed against assets and liabilities (Altman, 1995); Altman puts above 2.6 in the safe zone and below 1.1 in the distress zone. Accruals ratio: net income minus cash from operations, over average total assets; lower means profit is backed by cash.

The nine F-score tests

Test	FY24	FY25	FY26
Net income is positive	Pass	Pass	Pass
Cash from operations is positive	Pass	Pass	Pass
Return on assets rose	Pass	Pass	Fail
Cash from operations exceeds net income	Fail	Pass	Pass
Debt fell relative to assets	Pass	Pass	Pass
Current ratio rose	Pass	Fail	Fail
Share count didn't rise	Pass	Pass	Pass
Gross margin rose	Pass	Fail	Fail
Revenue rose relative to assets	Fail	Pass	Fail
F-score	7 of 9	7 of 9	5 of 9

Companies that report no gross profit are scored on the other eight.

Compare

Put Enerpac Tool Group side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Operating margin	Free cash flow margin	Return on capital	Net debt to EBITDA	F-score	Compare
Enerpac Tool Group	FY26	5.7%	19.8%	18.3%	21.1%	0.1x	5
Protolabs	FY25	6.4%	4.7%	11.2%	—	—	—	Compare
Standex International	FY26	12.8%	21.7%	7.2%	13.6%	1.5x	5	Compare
Kadant	FY25	−0.1%	14.9%	14.7%	9.9%	1.2x	5	Compare
ESCO Technologies	FY25	19.2%	15.6%	18.8%	8.8%	0.4x	4	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly. Free cash flow margin is free cash flow as a share of revenue. Net debt to EBITDA is explained under the balance sheet, and the F-score under Indicators.

10 years of figures

Fiscal year	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Income statement
Revenue	617	641	655	493	529	571	598	590	617	652
Revenue growth	−46.4%	4.0%	2.1%	−24.7%	7.2%	8.1%	4.7%	−1.5%	4.7%	5.7%
Gross profit	260	283	293	217	243	265	295	301	312	321
Research and development	9	9	9	7	7	7	9	12	14	15
Operating income	−85	50	48	24	51	31	84	122	134	129
Net income	−66	−22	−249	1	38	16	47	86	93	90
Diluted EPS (US$)	−1.11	−0.35	−4.04	0.01	0.63	0.26	0.82	1.56	1.70	1.72
Diluted shares (millions)	59	61	62	60	60	60	57	55	54	52
Cash flow
Cash from operations	88	106	54	−3	54	52	78	81	111	130
Capital expenditure	17	11	15	12	12	8	9	11	19	11
Free cash flow	71	95	39	−15	42	43	68	70	92	120
Dividends paid	2	2	2	2	2	2	2	2	2	2
Share buybacks	0	0	22	28	0	75	58	38	69	81
Acquisitions	0	23	0	33	0	0	0	0	27	0
Stock-based compensation	15	11	11	10	9	14	9	11	13	12
Balance sheet at fiscal year end
Cash and short-term investments	230	250	211	152	140	121	154	167	152	175
Debt incl. finance leases	565	535	463	255	175	208	215	195	190	182
Total assets	1,517	1,485	1,124	824	820	757	763	777	828	859
Total liabilities	1,016	926	823	465	408	439	436	385	394	406
Shareholders' equity	500	559	301	359	412	319	327	392	434	453
Margins and ratios
Gross margin	42.2%	44.2%	44.7%	44.0%	46.0%	46.5%	49.3%	51.1%	50.5%	49.2%
Operating margin	−13.8%	7.8%	7.3%	4.9%	9.7%	5.4%	14.0%	20.6%	21.6%	19.8%
Net margin	−10.7%	−3.4%	−38.0%	0.1%	7.2%	2.8%	7.8%	14.5%	15.0%	13.8%
Free cash flow margin	11.6%	14.8%	5.9%	−3.1%	8.0%	7.6%	11.4%	11.9%	14.9%	18.3%
Rule of 40 (growth + FCF margin)	−34.8%	18.8%	8.0%	−27.7%	15.2%	15.6%	16.1%	10.4%	19.6%	24.1%
Return on capital	−7.6%	3.0%	3.4%	3.4%	10.3%	5.9%	16.5%	23.5%	23.0%	21.1%
Return on equity	−13.0%	−4.1%	−58.0%	0.2%	9.9%	4.3%	14.4%	23.9%	22.4%	20.2%
Return on assets	−4.5%	−1.4%	−19.1%	0.1%	4.6%	2.0%	6.1%	11.1%	11.6%	10.6%
Net debt to EBITDA	—	4.0x	3.7x	2.3x	0.5x	1.7x	0.6x	0.2x	0.3x	0.1x

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Enerpac Tool Group's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Enerpac Tool Group.