Espey Manufacturing & Electronics (ESP)
Market Price (11/13/2026): $47.85 | Market Cap: $145.4 MilSector: Industrials | Industry: Electrical Components & Equipment
Espey Manufacturing & Electronics (ESP)
Market Price (11/13/2026): $47.85Market Cap: $145.4 MilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 3.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.2% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -34% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% Low stock price volatilityVol 12M is 47% Megatrend and thematic driversMegatrends include Advanced Aviation & Space, and Automation & Robotics. Themes include Advanced Air Mobility, Drone Technology, Show more. | Key risksESP key risks include [1] a heavy dependence on U.S. Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 3.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.2% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -34% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% |
| Low stock price volatilityVol 12M is 47% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, and Automation & Robotics. Themes include Advanced Air Mobility, Drone Technology, Show more. |
| Key risksESP key risks include [1] a heavy dependence on U.S. Show more. |
Qualitative Assessment
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Prices as of 11/12/2026
Nov 5: down 8.7% in one day (S&P 500 down 4.4%)
The stock declined without company news as the broad market fell sharply, with widespread concerns about AI and chip stocks.
Down 30.8% from its Jun 30 high to Nov 5, up 4.4% since (S&P 500 down 1.8%)
The stock experienced a significant decline without company news, largely outpacing the broader market's modest fall. Its largest drops were on July 7 and July 13 without specific news, and November 5, which saw a market-driven decline.
Nov 5: down 8.7% in one day (S&P 500 down 4.4%)
The stock declined without company news as the broad market fell sharply, with widespread concerns about AI and chip stocks.
Down 30.8% from its Jun 30 high to Nov 5, up 4.4% since (S&P 500 down 1.8%)
The stock experienced a significant decline without company news, largely outpacing the broader market's modest fall. Its largest drops were on July 7 and July 13 without specific news, and November 5, which saw a market-driven decline.
Prices as of 11/12/2026
Nov 5: down 8.7% in one day (S&P 500 down 4.4%)
The stock declined without company news as the broad market fell sharply, with widespread concerns about AI and chip stocks.
Down 30.8% from its Jun 30 high to Nov 5, up 4.4% since (S&P 500 down 1.8%)
The stock experienced a significant decline without company news, largely outpacing the broader market's modest fall. Its largest drops were on July 7 and July 13 without specific news, and November 5, which saw a market-driven decline.
Show less
Nov 5: down 8.7% in one day (S&P 500 down 4.4%)
The stock declined without company news as the broad market fell sharply, with widespread concerns about AI and chip stocks.
Down 30.8% from its Jun 30 high to Nov 5, up 4.4% since (S&P 500 down 1.8%)
The stock experienced a significant decline without company news, largely outpacing the broader market's modest fall. Its largest drops were on July 7 and July 13 without specific news, and November 5, which saw a market-driven decline.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -17.8% change in ESP stock from 7/31/2026 to 11/12/2026 was primarily driven by a -19.7% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11122026 | Change |
|---|---|---|---|
| Stock Price ($) | 58.26 | 47.90 | -17.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 42 | 46 | 9.2% |
| Net Income Margin (%) | 25.5% | 24.2% | -4.9% |
| P/E Multiple | 15.1 | 12.1 | -19.7% |
| Shares Outstanding (Mil) | 3 | 3 | -1.3% |
| Cumulative Contribution | -17.8% |
Market Drivers
7/31/2026 to 11/12/2026| Return | Correlation | |
|---|---|---|
| ESP | -17.8% | |
| Market (SPY) | 1.4% | 59.2% |
| Sector (XLI) | -5.8% | 63.7% |
Fundamental Drivers
The -31.1% change in ESP stock from 4/30/2026 to 11/12/2026 was primarily driven by a -39.2% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11122026 | Change |
|---|---|---|---|
| Stock Price ($) | 69.51 | 47.90 | -31.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 41 | 46 | 12.1% |
| Net Income Margin (%) | 23.4% | 24.2% | 3.7% |
| P/E Multiple | 19.9 | 12.1 | -39.2% |
| Shares Outstanding (Mil) | 3 | 3 | -2.6% |
| Cumulative Contribution | -31.1% |
Market Drivers
4/30/2026 to 11/12/2026| Return | Correlation | |
|---|---|---|
| ESP | -31.1% | |
| Market (SPY) | 5.6% | 40.4% |
| Sector (XLI) | -2.7% | 43.7% |
Fundamental Drivers
The 31.6% change in ESP stock from 10/31/2025 to 11/12/2026 was primarily driven by a 30.8% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 11122026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.41 | 47.90 | 31.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 44 | 46 | 4.9% |
| Net Income Margin (%) | 18.5% | 24.2% | 30.8% |
| P/E Multiple | 11.9 | 12.1 | 1.9% |
| Shares Outstanding (Mil) | 3 | 3 | -6.0% |
| Cumulative Contribution | 31.6% |
Market Drivers
10/31/2025 to 11/12/2026| Return | Correlation | |
|---|---|---|
| ESP | 31.6% | |
| Market (SPY) | 11.9% | 28.8% |
| Sector (XLI) | 10.2% | 35.5% |
Fundamental Drivers
The 235.2% change in ESP stock from 10/31/2023 to 11/12/2026 was primarily driven by a 134.6% change in the company's Net Income Margin (%).| (LTM values as of) | 10312023 | 11122026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.29 | 47.90 | 235.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 36 | 46 | 29.6% |
| Net Income Margin (%) | 10.3% | 24.2% | 134.6% |
| P/E Multiple | 9.6 | 12.1 | 26.4% |
| Shares Outstanding (Mil) | 2 | 3 | -12.8% |
| Cumulative Contribution | 235.2% |
Market Drivers
10/31/2023 to 11/12/2026| Return | Correlation | |
|---|---|---|
| ESP | 235.2% | |
| Market (SPY) | 87.3% | 23.3% |
| Sector (XLI) | 79.1% | 27.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ESP Return | -25% | -0% | 35% | 67% | 63% | 4% | 189% |
| Peers Return | 18% | -0% | 23% | 24% | 33% | 7% | 157% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 103% |
Monthly Win Rates [3] | |||||||
| ESP Win Rate | 50% | 50% | 58% | 83% | 58% | 45% | |
| Peers Win Rate | 58% | 40% | 52% | 68% | 62% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| ESP Max Drawdown | -38% | -17% | -34% | -23% | -29% | -35% | |
| Peers Max Drawdown | -15% | -26% | -17% | -16% | -19% | -28% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LHX, HEI, TDY, CW, ITT. See ESP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/12/2026 (YTD)
How Low Can It Go
| Event | ESP | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -11.0% | -18.8% |
| % Gain to Breakeven | 12.3% | 23.1% |
| Time to Breakeven | 3 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -22.5% | -33.7% |
| % Gain to Breakeven | 29.1% | 50.9% |
| Time to Breakeven | 256 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -18.6% | -19.2% |
| % Gain to Breakeven | 22.8% | 23.8% |
| Time to Breakeven | 1875 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -12.6% | -3.7% |
| % Gain to Breakeven | 14.5% | 3.9% |
| Time to Breakeven | 253 days | 6 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -28.2% | -6.8% |
| % Gain to Breakeven | 39.2% | 7.3% |
| Time to Breakeven | 30 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -19.0% | -17.9% |
| % Gain to Breakeven | 23.5% | 21.8% |
| Time to Breakeven | 23 days | 123 days |
In The Past
Espey Manufacturing & Electronics's stock fell -11.0% during the 2025 US Tariff Shock. Such a loss loss requires a 12.3% gain to breakeven.
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| Event | ESP | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -22.5% | -33.7% |
| % Gain to Breakeven | 29.1% | 50.9% |
| Time to Breakeven | 256 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -28.2% | -6.8% |
| % Gain to Breakeven | 39.2% | 7.3% |
| Time to Breakeven | 30 days | 15 days |
In The Past
Espey Manufacturing & Electronics's stock fell -11.0% during the 2025 US Tariff Shock. Such a loss loss requires a 12.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Espey Manufacturing & Electronics (ESP)
Espey Manufacturing & Electronics Corp. (ESP) is a specialized power electronics company operating as a designer and original equipment manufacturer (OEM). The company focuses on the design, manufacturing, and testing of complex electronic equipment primarily for demanding military and industrial applications. Based in Saratoga Springs, New York, Espey has been serving these sectors since its incorporation in 1928, establishing itself as a critical supplier for high-reliability systems.
Espey's diverse product portfolio includes essential components and systems such as power supplies, power converters, filters, power transformers, magnetic components, and power distribution equipment. They also produce UPS systems, antennas, and high-power radar systems. These products are integral to a wide array of applications, including AC and DC locomotives, various shipboard power and radar systems, airborne power, and both ground-based and ground mobile power applications. Beyond products, Espey offers comprehensive services like design and development to specification, build-to-print manufacturing, environmental testing, metal fabrication, and the development of automatic testing equipment.
The company primarily serves a robust customer base that includes industrial manufacturers, defense companies, the United States government, foreign governments, and foreign electronic equipment companies. Espey leverages both a direct sales organization and outside sales representatives to reach these critical markets, providing essential electronic solutions for both defense and commercial industrial needs across domestic and international fronts.
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Here are a few analogies for Espey Manufacturing & Electronics:
- Like an "Intel Inside" for specialized, rugged power electronics and radar systems used in military and heavy industrial equipment.
- Think of them as a highly specialized, behind-the-scenes engineering firm, akin to a focused L3Harris or Honeywell division, providing critical power components for defense and industrial applications.
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- Power Supplies: Devices that convert electrical power to the correct voltage and current for electronic loads.
- Power Converters: Electronic circuits that change electrical energy from one form to another.
- Filters: Components used to remove unwanted frequencies or noise from an electrical signal.
- Power Transformers: Static electrical devices that transfer electrical energy between circuits through electromagnetic induction.
- Magnetic Components: Devices that use magnetic fields for energy storage, conversion, or filtering in electronic circuits.
- Power Distribution Equipment: Apparatus used to manage and distribute electrical power throughout a system.
- UPS Systems: Systems providing emergency power to a load when the input power source fails.
- Antennas: Transducers designed to transmit or receive electromagnetic waves.
- High-Power Radar Systems: Electronic systems that use radio waves to determine the range, angle, or velocity of objects.
- Design and Development to Specification: Custom engineering and creation of electronic equipment based on specific client requirements.
- Build to Print: Manufacturing products according to existing design plans and specifications provided by a client.
- Design Services: Providing expert engineering and conceptualization for electronic and power systems.
- Design Studies: Conducting detailed investigations and analyses to evaluate potential designs and solutions.
- Environmental Testing Services: Assessing product performance and durability under various environmental conditions.
- Metal Fabrication: The process of creating metal structures by cutting, bending, and assembling metal components.
- Painting Services: Applying protective and decorative coatings to manufactured products and components.
- Development of Automatic Testing Equipment: Creating specialized machinery to automate the testing process for electronic components and systems.
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Major Customers of Espey Manufacturing & Electronics (ESP)
- Industrial manufacturers
- Defense companies
- The government of the United States
- Foreign governments
- Foreign electronic equipment companies
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Here is the management team of Espey Manufacturing & Electronics:
David O'Neil, President and Chief Executive Officer
David O'Neil assumed the role of President and Chief Executive Officer of Espey Manufacturing & Electronics Corp. on January 1, 2022. He has a long tenure with the company, having previously served as Chief Financial Officer and Treasurer starting in 2000, and as Executive Vice President from 2016. O'Neil also held the position of Interim Chief Executive Officer from June 2014 to January 2015. Before joining Espey, he worked as a Senior Manager at KPMG LLP and is a Certified Public Accountant.
Kaitlyn O'Neil, Principal Financial Officer and Treasurer
Kaitlyn O'Neil was appointed as Espey Manufacturing & Electronics Corp.'s Principal Financial Officer and Treasurer, effective February 15, 2025. She is a Certified Public Accountant with over a decade of financial leadership experience across the service, manufacturing, and consulting sectors. Prior to her role at Espey, O'Neil was the Finance Director at Octo Telematics North America, LLC from September 2021 to January 2025. Her previous experience also includes various finance positions at Precisely Holdings, LLC from April 2017 to September 2021 and a Senior Audit Associate role at KPMG LLP from January 2015 to April 2017.
Alan Winslow, Chief Technical Officer
Alan Winslow serves as the Chief Technical Officer for Espey Manufacturing & Electronics Corp.
Jennifer Michele Pickering, Chief Human Resources Officer & Corporate Secretary
Jennifer Michele Pickering holds the position of Chief Human Resources Officer and Corporate Secretary at Espey Manufacturing & Electronics Corp.
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The key risks to Espey Manufacturing & Electronics (ESP) are primarily driven by its significant involvement in the defense sector and the complex nature of electronics manufacturing.
- Supply Chain Vulnerabilities and Reliance on Foreign Sources: Espey Manufacturing & Electronics, like many defense electronics manufacturers, faces substantial risks related to its supply chain. The modern defense electronics supply chain is intricate and globalized, involving numerous suppliers and subcontractors, which introduces vulnerabilities such as intellectual property theft, counterfeit components, and disruptions due to geopolitical tensions or natural disasters. There is a dangerous reliance on foreign sources for key raw materials and components, with many being difficult or impossible to source from U.S. suppliers. Counterfeit electronic components pose a widespread challenge in the defense industry, compromising product quality and reliability. The U.S. is also experiencing a growing gap in advanced manufacturing capabilities and a chronic shortage of skilled workers in the defense electronics supply chain, further exacerbating these vulnerabilities.
- Dependence on Defense Spending: A significant portion of Espey's revenue comes from the defense sector, making the company highly susceptible to fluctuations in government defense budgets. There is a risk that defense budget growth might stall or be adjusted in the future, especially if political priorities shift towards other areas like social services over national security. Such changes could directly impact demand for Espey's specialized electronic components and systems.
- Cybersecurity and Hardware Security Threats: As defense systems become increasingly digitized, the integrity of the supply chain and the products themselves face notable cybersecurity threats. Malicious actors, including state-sponsored hackers and cybercriminal organizations, target defense electronics suppliers to gain access to sensitive information, compromise data integrity, or disrupt operations through cyberattacks. Furthermore, hardware security vulnerabilities, including the risk of tampering or interference with critical components, pose additional threats to defense applications.
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Espey Manufacturing & Electronics (ESP) operates within several addressable markets, primarily focusing on military and industrial applications for its power electronics and electronic equipment. The key markets for its main products and services are substantial on a global scale, with significant segments in North America.
Addressable Markets for Espey Manufacturing & Electronics:
Defense Electronics (encompassing power supplies, converters, filters, transformers, magnetic components, and various electronic equipment for military use):
- The global defense electronics market was valued at approximately USD 150.2 billion in 2022 and is projected to reach USD 254 billion by 2032.
- Another estimate places the global defense electronics market size at USD 176.0 billion in 2024, with a projection to reach USD 278.2 billion by 2033.
- In 2024, the global defense electronics market was valued at USD 175.2 billion and is estimated to grow to USD 302.8 billion by 2034.
- North America is a significant region within this market, with one source indicating a market size of USD 46.36 billion in 2026 and a projection to exceed USD 125 billion by 2034.
Rugged Power Supplies (a specialized segment of power supplies for harsh environments, including military and industrial):
- The global rugged power supply market is currently valued at over USD 4.5 billion and is projected to exceed USD 5 billion by the end of the forecast period.
- Other data suggests the global rugged power supply market was USD 17.608 billion in 2025, expected to increase to USD 26.828 billion by 2032.
- The military and aerospace sectors contribute nearly 30% of the total demand for rugged power supplies, with the military sector alone accounting for 39.09% of market revenue in 2022.
- North America is noted as holding a dominant position in the global rugged power supply market.
Military Radar Systems (high-power radar systems):
- The global military radar market was valued at USD 17.5 billion in 2025 and is estimated to reach USD 24.1 billion by 2034.
- Another assessment indicates the global military radar market was USD 14.8 billion in 2024 and is projected to reach USD 25.1 billion by 2034.
- North America is a leading region in the military radar market, holding over 30.4% market share in 2025. In 2024, North America dominated with a 39.5% revenue share.
Military Antennas:
- The global military antenna market was valued at USD 4.3 billion in 2024 and is expected to reach approximately USD 7.1 billion by 2034.
- Another report estimates the global military antenna market size at USD 4.33 billion in 2024, projected to reach USD 7.56 billion by 2033.
- North America dominated the global military antenna market with the largest revenue share of 42.6% in 2024. The U.S. military antenna market alone was worth over USD 1.3 billion in 2024.
Industrial UPS Systems:
- The global industrial UPS market is expected to be worth around USD 6.6 billion in 2024, with a projection to reach USD 12.2 billion by 2034.
- North America dominates the global industrial UPS market with a market share of 42.3%, valued at USD 2.7 billion in 2024.
- The European Industrial UPS Systems Market is projected to grow from USD 12.6 billion in 2025 to USD 21.4 billion by 2032.
Broader Power Electronics Market (includes power supplies, converters, filters, transformers, magnetic components):
- The global power electronics market size is projected to grow from USD 29.64 billion in 2022 to USD 47.37 billion by 2032.
- Another report indicates the global power electronics market was valued at USD 45.33 billion in 2024 and is projected to grow to USD 102.49 billion by 2032.
- The industrial segment held the largest market share in the power electronics market in 2022 due to the widespread use of power electronics devices in industrial applications.
Industrial Electronics Market (encompassing various electronic components and systems for industrial use, relevant to Espey's services like metal fabrication and automatic testing equipment development):
- The global industrial electronics market is estimated to be valued at approximately USD 237.73 billion in 2026 and is projected to reach USD 340.58 billion by 2035.
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Espey Manufacturing & Electronics (ESP) is anticipated to experience future revenue growth over the next 2-3 years, primarily driven by several key factors:
- Growth in Order Backlog and New Contract Wins: A significant driver of future revenue for Espey is its expanding order backlog. The company's order backlog surged to a record $139.7 million at the end of 2025, representing a 43.74% year-over-year increase. New orders for the fiscal year 2025 also saw a substantial rise of 64.89%, reaching $86.4 million. This robust increase in secured orders and new contracts directly translates to future revenue generation.
- Increased Defense Spending and Military Modernization Efforts: Espey Manufacturing & Electronics primarily serves military and industrial applications, a sector currently experiencing heightened demand due to global geopolitical tensions and expanding defense budgets. Analysts highlight the positive impact of U.S. military modernization initiatives, such as the Navy's push for advanced power systems and a broader rearmament wave. The projected 13% growth in the proposed FY26 National Defense Budget, exceeding $1 trillion, is expected to benefit niche players like Espey.
- Sustained Demand for Niche, High-Reliability Power Electronics: The company's specialization in designing and manufacturing custom, rugged power electronics components for defense and aerospace applications positions it favorably within a market with consistent and critical needs. Espey's expertise in this niche market, including products like power supplies, converters, and high-power radar systems, allows it to achieve growth rates that can exceed the broader market.
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Share Repurchases
- As of June 30, 2025, management is authorized to purchase an additional $783,460 of Company stock.
- The Company did not repurchase any shares held by the ESOP during the fiscal years ended June 30, 2025, 2024, and 2023.
Share Issuance
- During fiscal year 2024, the Company did not sell any of its common stock.
Inbound Investments
- Espey was awarded $3.4 million in funding in March 2025 for capital equipment and facility upgrades as part of a U.S. Navy initiative.
- The Company received an additional $7.4 million in February 2023 for the construction of a new manufacturing facility and power infrastructure enhancements.
- A one-time Capital Investment Grant of $300,000 was received in fiscal 2025 related to the completion of a new building.
Capital Expenditures
- Capital expenditures were -$5.43 million in the last 12 months as of October 2025.
- Year-to-date capital expenditures through the first nine months of FY2025 were $2.5 million, a decrease from $4.5 million in the prior year's comparable period.
- The company anticipated spending the remaining $2.3 million from a funding award in fiscal 2025, for property, plant, and equipment.
Peer Outperformance in Electrical Components & Equipment
ESP has outperformed 87% of its 38 Electrical Components & Equipment peers over 5Y. Electrical Components & Equipment ranks 12th of 23 industries in Industrials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Electrical Components & Equipment constituents that ESP has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
85%
of 46 industry peers · 30.7% return
3Y
89%
of 44 industry peers · 210.6% return
5Y
87%
of 38 industry peers · 252.1% return
No Electrical Components & Equipment peer with a comparable growth profile has beaten ESP by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Electrical Components & Equipment is ESP's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 28 | -13.1% | 102.0% | 110.3% | FIX 1052% · STRL 943% · AGX 661% |
| Construction Machinery & Heavy Transportation Equipment | 14 | 12.3% | 66.8% | 100.8% | ALSN 273% · WAB 218% · CAT 214% |
| Marine Transportation | 5 | 17.8% | 34.2% | 94.4% | MATX 141% · KEX 120% |
| Aerospace & Defense | 54 | 2.3% | 56.3% | 60.0% | ATI 1004% · FTAI 897% · HWM 608% |
| Industrial Machinery & Supplies & Components | 71 | 5.6% | 52.1% | 34.6% | CRS 827% · MLI 285% · SYM 255% |
| Rail Transportation | 7 | 33.7% | 77.8% | 34.3% | CSX 59% · UNP 40% · NSC 34% |
| Diversified Support Services | 34 | 18.4% | 42.6% | 32.8% | CXW 176% · OPLN 131% · CACI 128% |
| Trading Companies & Distributors | 19 | 14.8% | 37.2% | 29.1% | DXPE 336% · URI 210% · AIT 195% |
| Building Products | 34 | -2.3% | 10.6% | 16.1% | MOD 833% · GFF 343% · TT 134% |
| Industrial Conglomerates | 17 | 15.4% | 8.4% | 3.7% | CSW 102% · DD 76% · CSL 73% |
| Cargo Ground Transportation | 16 | 35.2% | 17.0% | 3.5% | XPO 288% · R 258% · ARCB 24% |
| Electrical Components & Equipment ← | 39 | -1.7% | 62.3% | 2.5% | POWL 1567% · VRT 689% · BE 491% |
| Office Services & Supplies | 10 | 16.3% | 21.5% | 0.6% | PBI 138% · HNI 39% · MSA 21% |
| Data Processing & Outsourced Services | 6 | -8.7% | 1.7% | -13.2% | EXLS 58% · BR 19% · G -9% |
| Agricultural & Farm Machinery | 16 | 12.0% | -3.0% | -25.0% | DE 102% · TTC 13% · AGCO 1% |
| Research & Consulting Services | 13 | 1.0% | -11.0% | -26.2% | HURN 219% · FCN 36% · BAH 6% |
| Passenger Airlines | 11 | 3.7% | 75.1% | -29.8% | LTM 3143% · UAL 123% · DAL 113% |
| Environmental & Facilities Services | 29 | -16.5% | 27.5% | -33.6% | GEO 237% · CLH 177% · RSG 99% |
| Human Resource & Employment Services | 22 | 20.7% | -14.4% | -41.4% | ADP 49% · FA 18% · PAYX 8% |
| Air Freight & Logistics | 12 | -31.2% | -6.3% | -42.6% | FDX 74% · EXPD 62% · CHRW 60% |
| Security & Alarm Services | 9 | -47.7% | 42.1% | -45.7% | BCO 87% |
| Passenger Ground Transportation | 3 | -26.1% | 32.3% | -50.5% | UBER 53% · CAR -50% · LYFT -69% |
| Airport Services | 4 | -40.6% | -60.2% | -83.3% | JOBY -41% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 305.98 |
| Mkt Cap | 24.6 |
| Rev LTM | 5,178 |
| Op Inc LTM | 986 |
| FCF LTM | 838 |
| FCF 3Y Avg | 659 |
| CFO LTM | 941 |
| CFO 3Y Avg | 752 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.6% |
| Rev Chg 3Y Avg | 9.5% |
| Rev Chg Q | 16.4% |
| QoQ Delta Rev Chg LTM | 3.8% |
| Op Inc Chg LTM | 16.4% |
| Op Inc Chg 3Y Avg | 13.0% |
| Op Mgn LTM | 19.5% |
| Op Mgn 3Y Avg | 18.6% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 18.4% |
| CFO/Rev 3Y Avg | 18.4% |
| FCF/Rev LTM | 15.7% |
| FCF/Rev 3Y Avg | 16.3% |
Price Behavior
Price Behavior
| Market Price | $47.90 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 03/17/1992 | |
| Distance from 52W High | -32.4% | |
| 50 Days | 200 Days | |
| DMA Price | $57.77 | $59.14 |
| DMA Trend | down | up |
| Distance from DMA | -17.1% | -19.0% |
| 3M | 1YR | |
| Volatility | 37.4% | 47.2% |
| Downside Capture | 216.42 | 113.53 |
| Upside Capture | 93.35 | 129.35 |
| Correlation (S&P 500) | 62.4% | 29.2% |
ESP Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.05 | 1.51 | 1.38 | 1.09 | 0.87 | 0.65 |
| Up Beta | 1.60 | 0.10 | 0.30 | 0.63 | -0.16 | 0.47 |
| Down Beta | 2.21 | 2.23 | 2.29 | 0.84 | 0.80 | 0.19 |
| Up Capture | 86% | 104% | 116% | 90% | 167% | 164% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 10 | 20 | 33 | 67 | 147 | 399 |
| Down Capture | 269% | 192% | 167% | 158% | 107% | 97% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 12 | 23 | 31 | 59 | 104 | 345 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ESP | |
|---|---|---|---|---|
| ESP | 30.4% | 47.2% | 0.70 | - |
| Sector ETF (XLI) | 10.9% | 18.3% | 0.41 | 35.9% |
| Equity (SPY) | 11.8% | 13.7% | 0.55 | 28.8% |
| Gold (GLD) | -6.6% | 28.9% | -0.24 | 21.8% |
| Commodities (DBC) | 32.8% | 21.3% | 1.22 | -3.5% |
| Real Estate (VNQ) | 9.8% | 14.2% | 0.41 | 13.1% |
| Bitcoin (BTCUSD) | -28.5% | 43.4% | -0.66 | 10.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ESP | |
|---|---|---|---|---|
| ESP | 28.9% | 43.7% | 0.72 | - |
| Sector ETF (XLI) | 11.6% | 17.8% | 0.49 | 20.9% |
| Equity (SPY) | 11.6% | 17.3% | 0.50 | 16.7% |
| Gold (GLD) | 16.2% | 19.2% | 0.68 | 9.8% |
| Commodities (DBC) | 8.2% | 19.6% | 0.30 | 2.3% |
| Real Estate (VNQ) | 1.4% | 18.9% | -0.04 | 11.6% |
| Bitcoin (BTCUSD) | 3.7% | 51.5% | 0.25 | 6.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ESP | |
|---|---|---|---|---|
| ESP | 10.3% | 38.6% | 0.37 | - |
| Sector ETF (XLI) | 13.5% | 20.2% | 0.58 | 20.4% |
| Equity (SPY) | 15.5% | 18.0% | 0.73 | 18.9% |
| Gold (GLD) | 11.1% | 16.6% | 0.54 | 6.0% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 5.5% |
| Real Estate (VNQ) | 6.2% | 20.7% | 0.25 | 15.1% |
| Bitcoin (BTCUSD) | 58.4% | 66.3% | 0.98 | 7.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 09/23/2026 | 10-K |
| 03/31/2026 | 05/12/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-Q |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 09/16/2025 | 10-K |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-Q |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 09/27/2024 | 10-K |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 02/12/2024 | 10-Q |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 09/21/2023 | 10-K |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/13/2023 | 10-Q |
| 09/30/2022 | 11/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 09/23/2026 | 10-K |
| 03/31/2026 | 05/12/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-Q |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 09/16/2025 | 10-K |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-Q |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 09/27/2024 | 10-K |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 02/12/2024 | 10-Q |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 09/21/2023 | 10-K |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/13/2023 | 10-Q |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 09/22/2022 | 10-K |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 02/14/2022 | 10-Q |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 09/24/2021 | 10-K |
| 03/31/2021 | 05/17/2021 | 10-Q |
| 12/31/2020 | 02/16/2021 | 10-Q |
| 09/30/2020 | 11/16/2020 | 10-Q |
| 06/30/2020 | 09/21/2020 | 10-K |
| 03/31/2020 | 05/14/2020 | 10-Q |
| 12/31/2019 | 02/13/2020 | 10-Q |
| 09/30/2019 | 11/14/2019 | 10-Q |
Insider Activity
Updated 9/28/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Corr, Paul J | Direct | Sell | 9252026 | 64.19 | 211 | 13,545 | 1,312,030 | Form | |
| 2 | Corr, Paul J | Direct | Sell | 9252026 | 65.67 | 2,089 | 137,178 | 1,356,022 | Form | |
| 3 | Helmetag, Carl | Direct | Sell | 6242026 | 63.66 | 1,000 | 63,662 | 1,474,979 | Form | |
| 4 | Pickering, Jennifer Michele | CHRO & Corporate Secretary | Direct | Sell | 6232026 | 63.00 | 2,500 | Form | ||
| 5 | Oneil, David A | President & CEO | Direct | Sell | 6222026 | 67.71 | 2,500 | 169,275 | 931,012 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Corr, Paul J | Direct | Sell | 9252026 | 64.19 | 211 | 13,545 | 1,312,030 | Form | |
| 2 | Corr, Paul J | Direct | Sell | 9252026 | 65.67 | 2,089 | 137,178 | 1,356,022 | Form | |
| 3 | Helmetag, Carl | Direct | Sell | 6242026 | 63.66 | 1,000 | 63,662 | 1,474,979 | Form | |
| 4 | Pickering, Jennifer Michele | CHRO & Corporate Secretary | Direct | Sell | 6232026 | 63.00 | 2,500 | Form | ||
| 5 | Oneil, David A | President & CEO | Direct | Sell | 6222026 | 67.71 | 2,500 | 169,275 | 931,012 | Form |
| 6 | Corr, Paul J | Direct | Sell | 5192026 | 67.06 | 293 | 19,649 | 1,370,673 | Form | |
| 7 | Corr, Paul J | Direct | Sell | 5192026 | 66.27 | 2,257 | 149,569 | 1,373,887 | Form | |
| 8 | Wool, Michael W | Direct | Sell | 2232026 | 57.90 | 1,000 | 57,900 | 1,007,460 | Form | |
| 9 | Corr, Paul J | Direct | Sell | 2192026 | 57.90 | 2,400 | 138,963 | 1,183,443 | Form | |
| 10 | Corr, Paul J | Direct | Sell | 2192026 | 58.23 | 2,242 | 130,562 | 1,330,023 | Form | |
| 11 | Oneil, David A | President & CEO | Direct | Sell | 2172026 | 50.00 | 8,856 | 442,800 | 812,500 | Form |
| 12 | Oneil, David A | President & CEO | Direct | Sell | 12292025 | 45.76 | 1,000 | 45,760 | 797,643 | Form |
| 13 | Oneil, David A | President & CEO | Direct | Sell | 12292025 | 46.78 | 1,000 | 46,780 | 862,202 | Form |
| 14 | Oneil, David A | President & CEO | Direct | Sell | 12192025 | 44.00 | 1,000 | 44,000 | 854,964 | Form |
| 15 | Oneil, David A | President & CEO | Direct | Sell | 12192025 | 43.50 | 1,000 | 43,500 | 888,748 | Form |
| 16 | Helmetag, Carl | Direct | Sell | 12162025 | 44.99 | 1,000 | 44,990 | 925,399 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Electrical Components & Equipment Resources |
| EC&M (Electrical Construction & Maintenance) |
| Electrical Contracting News (ECN) |
| EE Times |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 11/12/2026