olivLaw · US equity research
Enerpac Tool Group Corp. EPAC
Misc Industrial & Commercial Machinery & Equipment · SIC 3590 · Vertical: Misc Industrial & Commercial Machinery & Equipment (SIC 3590)
Enerpac Tool Group designs, manufactures and distributes high-pressure hydraulic and mechanical tools, plus maintenance and rental services for refineries, petrochemicals, general industry and infrastructure, in more than 100 countries. For fiscal 2025 the company reported net sales of 617 million USD, and in the third quarter of fiscal 2026 sales rose 6% while the service business remained under pressure.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Enerpac Tool Group Corp. (EPAC) stock was 42.21 USD (+0.00% on the day), with market capitalisation 2.2 bn USD, P/E 24.5 on diluted EPS of 1.72 USD over the last 12 months, dividend yield 0.09%, beta 0.97, 52-week range 32.93–43.45 USD. Latest reported quarter (Q4 2026): revenue of 185.7 m USD (+10.9% YoY), net income of 24.5 m USD (−12.7% YoY), diluted EPS 0.47 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 76.0
- overbought (≥ 70)
- Bollinger (20, 2)
- 31.21 – 42.50
- in the upper half of the band · %B 0.97 · band width 30.7%
- SMA 50 / 200
- 36.33 / 36.63
- mixed trend
- MACD (12, 26, 9)
- 1.58 / 0.72
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +17.2% | −1.1% | +18.3 pp | — |
| 3 months | +14.2% | −0.5% | +14.6 pp | — |
| 6 months | +18.0% | +4.4% | +13.6 pp | — |
| Year to date | +10.4% | +12.3% | −1.9 pp | — |
| 1 year | +4.4% | +13.5% | −9.1 pp | −49.2% |
| 3 years | +50.4% | +76.4% | −26.0 pp | −17.7% |
| 5 years | +85.8% | +63.7% | +22.1 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2026 · 31 Aug 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 145.2 m | 145.5 m | 158.7 m | 167.5 m | 144.2 m | 154.8 m | 167.6 m | 185.7 m |
| Cost of revenue | 70.5 m | 72.1 m | 78.8 m | 83.7 m | 71.0 m | 83.0 m | 78.8 m | 98.3 m |
| Gross profit | 74.7 m | 73.4 m | 79.9 m | 83.8 m | 73.2 m | 71.8 m | 88.8 m | 87.4 m |
| SG&A | 42.3 m | 41.4 m | 41.1 m | 41.9 m | 43.1 m | 42.0 m | 45.8 m | 51.4 m |
| Operating income | 31.1 m | 30.8 m | 31.7 m | 39.9 m | 28.5 m | 25.0 m | 41.4 m | 34.3 m |
| Depreciation & amortisation | 3.5 m | 3.5 m ≈ | 3.7 m ≈ | 5.0 m | 4.4 m | 4.3 m ≈ | 4.3 m ≈ | 4.4 m |
| Pre-tax income | 27.9 m | 27.7 m | 28.3 m | 36.8 m | 25.6 m | 22.1 m | 38.7 m | 31.1 m |
| Income tax | 6.2 m | 6.8 m | 6.3 m | 8.8 m | 6.4 m | 5.8 m | 8.9 m | 6.7 m |
| Net income | 21.7 m | 20.9 m | 22.0 m | 28.0 m | 19.1 m | 16.3 m | 29.8 m | 24.5 m |
| Diluted EPS | 0.40 | 0.38 | 0.41 | 0.52 ≈ | 0.36 | 0.31 | 0.58 | 0.47 ≈ |
| Operating cash flow | 8.6 m | 7.5 m ≈ | 39.9 m ≈ | 55.3 m | 16.0 m | 13.1 m ≈ | 40.2 m ≈ | 60.9 m |
| Capex | 5.9 m | 5.7 m | 4.8 m ≈ | 2.9 m | 2.7 m | 3.1 m | 3.5 m ≈ | 1.4 m |
| Dividends paid | 2.2 m | 0 ≈ | 0 ≈ | 33.0 k | 2.1 m | 0 ≈ | 0 ≈ | -19.0 k |
| Share repurchases | 4.4 m | 10.2 m ≈ | 14.0 m ≈ | 40.1 m | 14.9 m | 51.0 m ≈ | 15.2 m ≈ | -34.0 k |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 11 percentile of its own 27-quarter history (min 18.9, median 31.4, max 1,487.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 654.8 m | 493.3 m | 528.7 m | 571.2 m | 598.2 m | 589.5 m | 616.9 m | 652.3 m |
| Revenue YoY | +2.1% | −24.7% | +7.2% | +8.1% | +4.7% | −1.5% | +4.6% | +5.7% |
| Net income | -249.1 m | 723.0 k | 38.1 m | 15.7 m | 46.6 m | 85.7 m | 92.7 m | 89.7 m |
| Net income YoY | unavailable | unavailable | +5,166.5% | −58.8% | +196.8% | +84.1% | +8.2% | −3.2% |
| Diluted EPS | -4.04 | 0.01 | 0.63 | 0.26 | 0.82 | 1.56 | 1.70 | 1.72 |
| Diluted EPS YoY | unavailable | unavailable | +6,200.0% | −58.7% | +215.4% | +90.2% | +9.0% | +1.2% |
| net % | -38.1% | 0.1% | 7.2% | 2.7% | 7.8% | 14.5% | 15.0% | 13.8% |
| Free cash flow | 38.9 m | -15.2 m | 42.2 m | 43.3 m | 68.2 m | 69.9 m | 92.0 m | 119.6 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 31 Aug 2026
- Cash
- 174.7 m USD
- Financial debt
- 182.3 m USD
- Net debt
- 7.6 m USD
- Equity
- 453.1 m USD
- Total assets
- 858.6 m USD
- Debt / equity
- 0.40x
- Current ratio
- 2.73x
- ROE
- 20.2%
- ROA
- 10.6%
- FCF margin
- 18.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 528.7 m | 571.2 m | 598.2 m | 589.5 m | 616.9 m | 652.3 m | SEC (XBRL)· 29 Oct 2026verified |
| Cost of revenue | 285.5 m | 305.8 m | 303.2 m | 288.5 m | 305.1 m | 331.1 m | SEC (XBRL)· 29 Oct 2026verified |
| Gross profit | 243.2 m | 265.4 m | 295.0 m | 301.0 m | 311.8 m | 321.2 m | SEC (XBRL)· 29 Oct 2026verified |
| Research & development | 7.4 m | 7.3 m | 9.0 m | 12.4 m | 14.5 m | 15.4 m | SEC (XBRL)· 29 Oct 2026verified |
| SG&A | 175.3 m | 216.9 m | 205.1 m | 168.6 m | 166.8 m | 182.4 m | SEC (XBRL)· 29 Oct 2026verified |
| Operating income | 51.1 m | 30.7 m | 83.9 m | 121.6 m | 133.5 m | 129.2 m | SEC (XBRL)· 29 Oct 2026verified |
| Depreciation & amortisation | 21.6 m | 19.6 m | 16.3 m | 13.3 m | 15.7 m | 17.5 m | SEC (XBRL)· 29 Oct 2026verified |
| EBITDA | 72.7 m ≈ | 50.3 m ≈ | 100.2 m ≈ | 134.9 m ≈ | 149.2 m ≈ | 146.7 m ≈ | SEC (XBRL)· 29 Oct 2026derived |
| Pre-tax income | 44.0 m | 24.0 m | 68.9 m | 105.5 m | 120.7 m | 117.5 m | SEC (XBRL)· 29 Oct 2026verified |
| Income tax | 3.8 m | 4.4 m | 15.2 m | 23.3 m | 28.0 m | 27.8 m | SEC (XBRL)· 29 Oct 2026verified |
| Net income | 38.1 m | 15.7 m | 46.6 m | 85.7 m | 92.7 m | 89.7 m | SEC (XBRL)· 29 Oct 2026verified |
| Diluted EPS | 0.63 | 0.26 | 0.82 | 1.56 | 1.70 | 1.72 | SEC (XBRL)· 29 Oct 2026verified |
| Weighted average diluted shares | 60.4 m | 59.9 m | 57.1 m | 54.9 m | 54.5 m | 52.2 m | SEC (XBRL)· 29 Oct 2026verified |
| Dividend per share | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | SEC (XBRL)· 29 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 140.4 m | 120.7 m | 154.4 m | 167.1 m | 151.6 m | 174.7 m | SEC (XBRL)· 29 Oct 2026verified |
| Receivables | 103.2 m | 106.7 m | 97.6 m | 104.3 m | 106.1 m | 113.0 m | SEC (XBRL)· 29 Oct 2026verified |
| Inventories | 75.3 m | 83.7 m | 74.8 m | 72.9 m | 78.8 m | 70.7 m | SEC (XBRL)· 29 Oct 2026verified |
| Current assets | 357.4 m | 342.4 m | 355.6 m | 372.3 m | 376.1 m | 406.9 m | SEC (XBRL)· 29 Oct 2026verified |
| Property, plant & equipment, net | 48.6 m | 41.4 m | 39.0 m | 40.3 m | 53.3 m | 54.4 m | SEC (XBRL)· 29 Oct 2026verified |
| Goodwill | 277.6 m | 257.9 m | 266.5 m | 269.6 m | 289.8 m | 289.7 m | SEC (XBRL)· 29 Oct 2026verified |
| Intangibles (excl. goodwill) | 54.5 m | 41.5 m | 37.3 m | 36.1 m | 46.9 m | 43.0 m | SEC (XBRL)· 29 Oct 2026verified |
| Total assets | 820.2 m | 757.3 m | 762.6 m | 777.3 m | 827.9 m | 858.6 m | SEC (XBRL)· 29 Oct 2026verified |
| Accounts payable | 62.0 m | 72.5 m | 50.5 m | 43.4 m | 42.9 m | 42.8 m | SEC (XBRL)· 29 Oct 2026verified |
| Short-term debt | 0 | 4.0 m | 0 | 5.0 m | 7.5 m | 10.0 m | SEC (XBRL)· 29 Oct 2026verified |
| Long-term debt | 175.0 m | 200.0 m | 210.3 m | 189.5 m | 182.2 m | 172.3 m | SEC (XBRL)· 29 Oct 2026verified |
| Current liabilities | 134.8 m | 153.2 m | 148.1 m | 129.4 m | 137.1 m | 148.9 m | SEC (XBRL)· 29 Oct 2026verified |
| Total liabilities | 408.0 m | 438.7 m | 436.0 m | 385.3 m | 394.2 m | 405.5 m | SEC (XBRL)· 29 Oct 2026verified |
| Equity | 412.2 m | 318.6 m | 326.6 m | 392.0 m | 433.7 m | 453.1 m | SEC (XBRL)· 29 Oct 2026verified |
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 54.2 m | 51.7 m | 77.6 m | 81.3 m | 111.3 m | 130.2 m | SEC (XBRL)· 29 Oct 2026verified |
| Capex | 12.0 m | 8.4 m | 9.4 m | 11.4 m | 19.3 m | 10.6 m | SEC (XBRL)· 29 Oct 2026verified |
| Free cash flow | 42.2 m ≈ | 43.3 m ≈ | 68.2 m ≈ | 69.9 m ≈ | 92.0 m ≈ | 119.6 m ≈ | SEC (XBRL)· 29 Oct 2026derived |
| Investing cash flow | 13.3 m | -7.2 m | 11.3 m | -13.9 m | -46.0 m | -12.6 m | SEC (XBRL)· 29 Oct 2026verified |
| Financing cash flow | -81.5 m | -52.2 m | -53.1 m | -56.3 m | -81.4 m | -95.3 m | SEC (XBRL)· 29 Oct 2026verified |
| Dividends paid | 2.4 m | 2.4 m | 2.3 m | 2.2 m | 2.2 m | 2.1 m | SEC (XBRL)· 29 Oct 2026verified |
| Share repurchases | 0 | 75.1 m | 57.7 m | 38.3 m | 68.7 m | 81.1 m | SEC (XBRL)· 29 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 67 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 2.2 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet100
- Valuation29
- Quality97
- Growth62
- Returns73
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 50.60 – 57.12 USD.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · not enough peers
- Peers: P/E50.60 – 57.12 (Mid 53.54)3 companies used · median multiple 31.1x · quartiles 29.4x – 33.2xCW, ETN, MOG-A
- Dividend discount (DDM)outside the aggregate0.53 – 0.71 (Mid 0.60)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 67/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 21.2% | 100 (on a fixed band) | 11% |
| Net margin · Quality | 13.8% | 88 (vs peers) | 7% |
| FCF conversion · Quality | 133.3% | 100 (on a fixed band) | 7% |
| Revenue CAGR 3Y · Growth | 2.9% | 24 (on a fixed band) | 9% |
| EPS CAGR 3Y · Growth | 28.0% | 100 (on a fixed band) | 9% |
| Net debt / EBITDA · Balance sheet | 0.1x | 100 (on a fixed band) | 11% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 2.7x | 100 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 24.5x | 25 (on a fixed band) | 11% |
| EV/EBITDA · Valuation | 14.8x | 2 (on a fixed band) | 11% |
| FCF yield · Valuation | 5.5% | 69 (on a fixed band) | 9% |
| Shareholder yield (distributions) · Returns | 3.8% | 55 (on a fixed band) | 7% |
| Payout ratio (FCF) · Returns | 1.8% | 100 (on a fixed band) | 4% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet100/100 · 2/3 factors with a value
- Growth62/100 · 2/2 factors with a value
- Quality97/100 · 3/3 factors with a value
- Returns73/100 · 2/2 factors with a value
- Valuation29/100 · 3/3 factors with a value
Memo
ENERPAC TOOL GROUP CORP. (EPAC). Latest full fiscal year: 2026; data up to 2026-08-31.
Figures computed from the financial statements: revenue 652.3 m USD in 2026; YoY growth 5.7%; net margin 13.8%; ROE 20.2%; net debt/EBITDA 0.1x.
The estimated value range is 50.60–57.12 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 53.54 USD, the price of 42.21 USD leaves a potential of 26.8% (value / price − 1) and a margin of safety of 21.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 67/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 21.2%
- Net margin: 13.8%
- FCF conversion: 133.3%
- EPS CAGR 3Y: 28.0%
- Net debt / EBITDA: 0.1x
- Current ratio: 2.7x
- Payout ratio (FCF): 1.8%
- The price is below the estimated value range
What contradicts it
- Revenue CAGR 3Y: 2.9%
- P/E (TTM): 24.5x
- EV/EBITDA: 14.8x
Not assessed (insufficient data or a ratio without meaning): Interest coverage.
Versus the vertical median
Misc Industrial & Commercial Machinery & Equipment (SIC 3590) · same industry (4-digit SIC) · compared with 10 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ETNEATON CORPORATION plc | 137.2 bn | 35.3 | 19.6% | 12.2% | +10.3% | +2% / +55% |
| CWCurtiss-Wright Corporation | 16.7 bn | 31.1 | 19.7% | 14.8% | +12.1% | −20% / +111% |
| EPACEnerpac Tool Group Corp. | 2.2 bn | 24.5 | 20.2% | 13.8% | +5.7% | +4% / +50% |
| ZOOZZOOZ Strategy Ltd. | 972.0 m | — | -88.3% | -22,505.7% | −76.3% | −49% / unavailable |
| VHUBVenhub Global, Inc. | 21.4 m | — | — | -11,799.2% | unavailable | unavailable / unavailable |
| LIQTLiqtech International, Inc. | 10.4 m | — | -48.9% | -63.2% | +13.0% | −83% / −91% |
| SMXSMX (Security Matters) Public Limited Company | 2.1 m | — | -2,287.2% | — | unavailable | −100% / −100% |
| HTOOFusion Fuel Green PLC | — | — | -204.5% | -855.5% | −61.3% | −53% / −97% |
| MOG-AMOOG Inc. | — | 27.7 | 18.2% | 8.7% | +7.0% | +42% / +133% |
| SHMDSCHMID Group N.V. | — | — | — | -138.3% | −32.6% | −47% / unavailable |
| RAINRain Enhancement Technologies Holdco, Inc. | — | — | — | — | unavailable | −89% / unavailable |
1- and 3-year price returns: for EPAC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 24.96 Total return -41% · Per year -41% | 44.16 Total return 5% · Per year 5% | 66.57 Total return 58% · Per year 58% |
| 3 years | 23.46 Total return -44% · Per year -18% | 46.79 Total return 11% · Per year 4% | 77.54 Total return 84% · Per year 23% |
| 5 years | 22.06 Total return -47% · Per year -12% | 49.57 Total return 18% · Per year 3% | 90.32 Total return 115% · Per year 17% |
- Exit P/E± 11.70
- Net margin± 8.19
- Annual revenue growth± 6.82
- Annual dilution± 0.69
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 09 Jul 2026; since then the company filed 10-K (29 Oct 2026), 8-K (28 Oct 2026 · results).
In brief
Enerpac Tool Group designs, manufactures and distributes high-pressure hydraulic and mechanical tools, plus maintenance and rental services for refineries, petrochemicals, general industry and infrastructure, in more than 100 countries 1. For fiscal 2025 the company reported net sales of 617 million USD 1, and in the third quarter of fiscal 2026 sales rose 6% while the service business remained under pressure 23.
SWOT
Strengths
- Established brands and an extensive global distribution network, recognized in the industry for safety and quality 1.
- High gross margin and strong cost discipline, supported by operational efficiency programs 1.
- Low leverage and cash generation capacity that allow investment, acquisitions and share repurchases 3.
Weaknesses
- Dependence on a declining service business, especially in EMEA, which weighs on segment results 2.
- Exposure to concentrated suppliers and components from Asia, which increases the risk of supply interruptions 1.
- Organic growth has been modest in recent periods, and fiscal 2026 guidance was narrowed downward 3.
Opportunities
Risks
- Supply chain disruptionhigh
Reliance on single or limited suppliers and on components from China could lead to delays and extra costs if political tensions or transport disruptions arise 1.
- Oil and gas customer demandhigh
Part of revenue comes from oil and gas customers, a sector sensitive to oil prices and conflicts, which can lead to deferred investment 13.
- Uncertain tariffs and refundsmedium
Costs and margins can be affected by tariffs, and the timing and amount of IEEPA refunds are not assured, which could change quarterly profitability 13.
- SFE Group integrationmedium
Completing the deal depends on regulatory approvals, and integration could be delayed or reduce the anticipated benefits 3.
- Foreign receivables risklow
Sales through foreign distributors and agents can have longer collection periods, and a partner's difficulties could affect results 1.
Investment thesis
What would need to be true (bull case)
- If IT&S product growth holds and services recover after restructuring, operating margin could keep improving 23.
- A solid financial position with low leverage and rising operating cash flow gives flexibility for acquisitions such as SFE Group 3.
- Geographic and industry diversification reduces reliance on any single market and could cushion local shocks 1.
What would break the thesis
- The reduced adjusted EBITDA guidance points to pressure on coming quarters, especially if services stay weak 3.
- Exposure to cyclical sectors and Middle East tensions could limit demand and organic growth 12.
- The SFE Group acquisition brings integration risks, unexpected costs and approval delays that could reduce the anticipated benefits 3.
What to watch
- Completion of the SFE Group acquisition and its effect on guidanceNext quarter
- Evolution of service sales in the EMEA regionQ4 2026
- Timing and amount of IEEPA tariff refundsQ4 2026
- Fiscal 2027 guidance and the next annual reportNext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 09 Jul 2026; since then the company filed 10-K (29 Oct 2026), 8-K (28 Oct 2026 · results).
The business
Enerpac Tool Group Corp., headquartered in Milwaukee, Wisconsin and founded in 1910, is a global supplier of hydraulic and mechanical tools, services and solutions for mission-critical applications 1. The company has one reportable segment, Industrial Tools & Services (IT&S), while Cortland Biomedical is reported as the Other operating segment 1. The business model targets above-market organic growth, margin expansion through Lean and 80/20, strong cash generation, and disciplined capital allocation including M&A and shareholder returns 1.
The core market is high-pressure tools used in maintenance, repair and operations, where safety and reliability are key differentiators 1. Products reach customers mainly through a global network of distributors, complemented by direct sales to OEMs and select end users 1. Manufacturing consists mainly of light assembly of components bought from global suppliers, with many components sourced from Asia 1.
In the third quarter of fiscal 2026 the company announced a definitive agreement to acquire Specialized Fabrication Equipment Group LLC (SFE Group), a provider of fabrication, welding, portable machining and material-handling equipment 3. In the same quarter the company returned approximately 15 million USD to shareholders through share repurchases 3.
Segments
Industrial Tools & Services (IT&S)
The IT&S segment covers branded hydraulic and mechanical tools, cylinders, pumps, hydraulic torque wrenches and heavy lifting solutions, plus maintenance and rental services under the ENERPAC, HYDRATIGHT, LARZEP, SIMPLEX and DTA brands 1. In fiscal 2025 the segment generated net sales of 596 million USD and an operating margin of 27.5% 1.
Cortland Biomedical (Other)
Cortland Biomedical is a biomedical textile product developer reported as the Other operating segment because it does not meet reportable segment thresholds 1. Its organic sales grew strongly in the third quarter of fiscal 2026, but its contribution remains small relative to IT&S 3.
Market context
Demand depends on industrial, oil and gas, power generation, infrastructure and mining end markets, which are cyclical and sensitive to economic downturns and oil prices 1. Conflicts in the Middle East and shipping disruptions have raised freight costs and delayed deliveries 12. International markets are important, with Europe, the Middle East and Asia as principal markets outside the United States 1.
In the first nine months of fiscal 2026, product sales growth contrasted with a decline in services, particularly in EMEA, showing differentiated demand across business lines 2. Tariffs and trade uncertainty affect costs and competitiveness, and the company indicated that IEEPA tariff refunds could affect results 13.
Trends
- Growth in product salestailwind
IT&S product sales grew organically, supported by growth in the Americas and APAC regions, suggesting solid demand for core tools 23. If this momentum holds, it could support revenue over the medium term.
- Weakness in EMEA servicesheadwind
Service sales declined on lower activity in EMEA, and the company has announced service improvement plans whose effects remain uncertain 23. Continued pressure could limit margin expansion.
- Tariffs and refundsmixed
US tariffs raised costs and created supply chain risks, while IEEPA tariff refunds, invalidated by the Supreme Court, contributed to margin in the latest quarter 13. The timing and final amount of refunds remain uncertain.
- SFE Group acquisitionmixed
The agreement to acquire SFE Group could broaden the premium product portfolio and presence in faster-growing markets if the deal closes and integration succeeds 3. Integration and regulatory approval risks remain.
Competitive position
Markets for hydraulic tools are highly competitive and fragmented, with larger competitors in some served markets and smaller firms that may lack global footprint or resources 1. The company competes on customer service, product quality and availability, and engineering and R&D expertise 1.
Stated advantages include cost structure, strategic global sourcing, global distribution and well-established brands 1. Reliance on independent agents and distributors is also a competitive vulnerability, since losing key partners could affect sales 1.
- Large industrial equipment groups with tool divisions
Larger competitors in certain served markets, referred to generically in the annual report without naming them.
- Smaller hydraulic tool and service providers
Smaller companies that may lack the global footprint or financial resources needed for international customers.
- Regional maintenance service providers
Local competitors in services and rental, most relevant where the company's service activity is declining.
- Fabrication and welding equipment manufacturers
Relevant mainly to the portfolio that the SFE Group acquisition would add, as described in the press release.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report04 Nov 2026Regulation FD disclosure · Financial statements and exhibits
- Annual report29 Oct 2026
- Current report28 Oct 2026Results of operations · Financial statements and exhibits
- Current report28 Oct 2026Acquisition or disposition of assets · Regulation FD disclosure · Other events · Financial statements and exhibits
- Current report28 Oct 2026Material agreement · Financial statements and exhibits
- Current report27 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Current report19 Oct 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report15 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Current report09 Oct 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report23 Jul 2026Departure or appointment of officers
Sources
- [1] Form 10-K, fiscal year ended 2025-08-31 · SEC / Enerpac Tool Group Corp. · 17 Oct 2025
- [2] Form 10-Q, quarter ended 2026-05-31 · SEC / Enerpac Tool Group Corp. · 09 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Enerpac Tool Group Corp. · 08 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.