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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and EnerSys (ENS). Click either name above to swap in a different company.
EnerSys is the larger business by last-quarter revenue ($919.1M vs $778.9M, roughly 1.2× ENERGIZER HOLDINGS, INC.). EnerSys runs the higher net margin — 9.8% vs -0.4%, a 10.3% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs 1.4%). EnerSys produced more free cash flow last quarter ($171.3M vs $124.2M). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs 0.5%).
Energizer Holdings, Inc. is an American manufacturer and one of the world's largest manufacturers of batteries, headquartered in Clayton, Missouri. It produces batteries under the Energizer, Ray-O-Vac, Varta, and Eveready brand names and formerly owned several personal care businesses until it separated that side of the business into a new company called Edgewell Personal Care in 2015.
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.
ENR vs ENS — Head-to-Head
Income Statement — Q1 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $919.1M |
| Net Profit | $-3.4M | $90.4M |
| Gross Margin | 32.9% | 30.1% |
| Operating Margin | -0.6% | 13.5% |
| Net Margin | -0.4% | 9.8% |
| Revenue YoY | 6.5% | 1.4% |
| Net Profit YoY | -115.2% | -21.3% |
| EPS (diluted) | — | $2.40 |
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 | $778.9M | $919.1M | ||
| Q3 25 | $832.8M | $951.3M | ||
| Q2 25 | $725.3M | $893.0M | ||
| Q1 25 | $662.9M | $974.8M | ||
| Q4 24 | $731.7M | $906.2M | ||
| Q3 24 | $805.7M | $883.7M | ||
| Q2 24 | $701.4M | $852.9M | ||
| Q1 24 | $663.3M | $910.7M |
| Q4 25 | $-3.4M | $90.4M | ||
| Q3 25 | $34.9M | $68.4M | ||
| Q2 25 | $153.5M | $57.5M | ||
| Q1 25 | $28.3M | $96.5M | ||
| Q4 24 | $22.3M | $114.8M | ||
| Q3 24 | $47.6M | $82.3M | ||
| Q2 24 | $-43.8M | $70.1M | ||
| Q1 24 | $32.4M | $60.9M |
| Q4 25 | 32.9% | 30.1% | ||
| Q3 25 | 36.6% | 29.1% | ||
| Q2 25 | 55.1% | 28.4% | ||
| Q1 25 | 39.1% | 31.2% | ||
| Q4 24 | 36.8% | 32.9% | ||
| Q3 24 | 38.1% | 28.5% | ||
| Q2 24 | 39.5% | 27.9% | ||
| Q1 24 | 38.2% | 27.9% |
| Q4 25 | -0.6% | 13.5% | ||
| Q3 25 | 6.4% | 9.7% | ||
| Q2 25 | 22.6% | 9.7% | ||
| Q1 25 | 5.5% | 13.5% | ||
| Q4 24 | 4.1% | 15.7% | ||
| Q3 24 | 7.4% | 11.2% | ||
| Q2 24 | -8.2% | 10.7% | ||
| Q1 24 | 6.4% | 8.9% |
| Q4 25 | -0.4% | 9.8% | ||
| Q3 25 | 4.2% | 7.2% | ||
| Q2 25 | 21.2% | 6.4% | ||
| Q1 25 | 4.3% | 9.9% | ||
| Q4 24 | 3.0% | 12.7% | ||
| Q3 24 | 5.9% | 9.3% | ||
| Q2 24 | -6.2% | 8.2% | ||
| Q1 24 | 4.9% | 6.7% |
| Q4 25 | — | $2.40 | ||
| Q3 25 | — | $1.80 | ||
| Q2 25 | — | $1.46 | ||
| Q1 25 | — | $2.39 | ||
| Q4 24 | — | $2.88 | ||
| Q3 24 | — | $2.01 | ||
| Q2 24 | — | $1.71 | ||
| Q1 24 | — | $1.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $214.8M | $450.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $141.3M | $1.9B |
| Total Assets | $4.4B | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | $450.1M | ||
| Q3 25 | $236.2M | $388.6M | ||
| Q2 25 | $171.1M | $346.7M | ||
| Q1 25 | $139.3M | $343.1M | ||
| Q4 24 | $195.9M | $463.2M | ||
| Q3 24 | $216.9M | $407.9M | ||
| Q2 24 | $146.7M | $344.1M | ||
| Q1 24 | $158.1M | $333.3M |
| Q4 25 | — | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | $1.1B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.2B | $802.0M |
| Q4 25 | $141.3M | $1.9B | ||
| Q3 25 | $169.9M | $1.9B | ||
| Q2 25 | $183.2M | $1.9B | ||
| Q1 25 | $133.9M | $1.9B | ||
| Q4 24 | $140.6M | $1.8B | ||
| Q3 24 | $135.8M | $1.8B | ||
| Q2 24 | $123.4M | $1.8B | ||
| Q1 24 | $191.3M | $1.8B |
| Q4 25 | $4.4B | $4.0B | ||
| Q3 25 | $4.6B | $4.1B | ||
| Q2 25 | $4.5B | $4.1B | ||
| Q1 25 | $4.2B | $4.0B | ||
| Q4 24 | $4.2B | $4.0B | ||
| Q3 24 | $4.3B | $4.0B | ||
| Q2 24 | $4.2B | $3.6B | ||
| Q1 24 | $4.3B | $3.5B |
| Q4 25 | — | — | ||
| Q3 25 | 20.28× | — | ||
| Q2 25 | 17.57× | — | ||
| Q1 25 | 23.56× | 0.57× | ||
| Q4 24 | 22.17× | — | ||
| Q3 24 | 23.51× | — | ||
| Q2 24 | 26.04× | — | ||
| Q1 24 | 16.86× | 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 | $149.5M | $184.6M |
| Free Cash FlowOCF − Capex | $124.2M | $171.3M |
| FCF MarginFCF / Revenue | 15.9% | 18.6% |
| Capex IntensityCapex / Revenue | 3.2% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $441.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $184.6M | ||
| Q3 25 | $61.5M | $218.0M | ||
| Q2 25 | $21.4M | $968.0K | ||
| Q1 25 | $-12.8M | $135.2M | ||
| Q4 24 | $77.0M | $81.1M | ||
| Q3 24 | $168.9M | $33.6M | ||
| Q2 24 | $45.8M | $10.4M | ||
| Q1 24 | $36.8M | — |
| Q4 25 | $124.2M | $171.3M | ||
| Q3 25 | $46.7M | $197.1M | ||
| Q2 25 | $7.9M | $-32.1M | ||
| Q1 25 | $-33.8M | $104.9M | ||
| Q4 24 | $42.4M | $56.8M | ||
| Q3 24 | $141.5M | $3.3M | ||
| Q2 24 | $27.3M | $-25.7M | ||
| Q1 24 | $10.3M | — |
| Q4 25 | 15.9% | 18.6% | ||
| Q3 25 | 5.6% | 20.7% | ||
| Q2 25 | 1.1% | -3.6% | ||
| Q1 25 | -5.1% | 10.8% | ||
| Q4 24 | 5.8% | 6.3% | ||
| Q3 24 | 17.6% | 0.4% | ||
| Q2 24 | 3.9% | -3.0% | ||
| Q1 24 | 1.6% | — |
| Q4 25 | 3.2% | 1.4% | ||
| Q3 25 | 1.8% | 2.2% | ||
| Q2 25 | 1.9% | 3.7% | ||
| Q1 25 | 3.2% | 3.1% | ||
| Q4 24 | 4.7% | 2.7% | ||
| Q3 24 | 3.4% | 3.4% | ||
| Q2 24 | 2.6% | 4.2% | ||
| Q1 24 | 4.0% | — |
| Q4 25 | — | 2.04× | ||
| Q3 25 | 1.76× | 3.19× | ||
| Q2 25 | 0.14× | 0.02× | ||
| Q1 25 | -0.45× | 1.40× | ||
| Q4 24 | 3.45× | 0.71× | ||
| Q3 24 | 3.55× | 0.41× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | 1.14× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENR
| Alkaline Batteries | $666.5M | 86% |
| Auto Care | $93.7M | 12% |
| Lights | $18.7M | 2% |
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% |
