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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and Enovix Corp (ENVX). Click either name above to swap in a different company.
ENERGIZER HOLDINGS, INC. is the larger business by last-quarter revenue ($778.9M vs $11.3M, roughly 69.1× Enovix Corp). ENERGIZER HOLDINGS, INC. runs the higher net margin — -0.4% vs -310.6%, a 310.2% gap on every dollar of revenue. On growth, Enovix Corp posted the faster year-over-year revenue change (15.9% vs 6.5%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($124.2M vs $-28.0M). Over the past eight quarters, Enovix Corp's revenue compounded faster (46.2% CAGR vs 8.4%).
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.
Enovix Corp is an advanced battery technology company that designs, develops and manufactures high-energy-density 3D silicon anode lithium-ion batteries. Its products serve consumer electronics, wearable devices, electric vehicles, and renewable energy storage segments, with customers and operations across North America, Asia and Europe.
ENR vs ENVX — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $11.3M |
| Net Profit | $-3.4M | $-35.0M |
| Gross Margin | 32.9% | 22.2% |
| Operating Margin | -0.6% | -390.5% |
| Net Margin | -0.4% | -310.6% |
| Revenue YoY | 6.5% | 15.9% |
| Net Profit YoY | -115.2% | 6.6% |
| EPS (diluted) | — | $-0.14 |
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 | $11.3M | ||
| Q3 25 | $832.8M | $8.0M | ||
| Q2 25 | $725.3M | $7.5M | ||
| Q1 25 | $662.9M | $5.1M | ||
| Q4 24 | $731.7M | $9.7M | ||
| Q3 24 | $805.7M | $4.3M | ||
| Q2 24 | $701.4M | $3.8M | ||
| Q1 24 | $663.3M | $5.3M |
| Q4 25 | $-3.4M | $-35.0M | ||
| Q3 25 | $34.9M | $-53.7M | ||
| Q2 25 | $153.5M | $-44.5M | ||
| Q1 25 | $28.3M | $-23.5M | ||
| Q4 24 | $22.3M | $-37.5M | ||
| Q3 24 | $47.6M | $-22.5M | ||
| Q2 24 | $-43.8M | $-115.9M | ||
| Q1 24 | $32.4M | $-46.4M |
| Q4 25 | 32.9% | 22.2% | ||
| Q3 25 | 36.6% | 17.5% | ||
| Q2 25 | 55.1% | 26.0% | ||
| Q1 25 | 39.1% | 5.1% | ||
| Q4 24 | 36.8% | 10.8% | ||
| Q3 24 | 38.1% | -14.9% | ||
| Q2 24 | 39.5% | -17.4% | ||
| Q1 24 | 38.2% | -34.1% |
| Q4 25 | -0.6% | -390.5% | ||
| Q3 25 | 6.4% | -587.9% | ||
| Q2 25 | 22.6% | -585.6% | ||
| Q1 25 | 5.5% | -834.8% | ||
| Q4 24 | 4.1% | -355.2% | ||
| Q3 24 | 7.4% | -1141.2% | ||
| Q2 24 | -8.2% | -2355.4% | ||
| Q1 24 | 6.4% | -1330.3% |
| Q4 25 | -0.4% | -310.6% | ||
| Q3 25 | 4.2% | -672.3% | ||
| Q2 25 | 21.2% | -596.3% | ||
| Q1 25 | 4.3% | -461.2% | ||
| Q4 24 | 3.0% | -385.6% | ||
| Q3 24 | 5.9% | -522.0% | ||
| Q2 24 | -6.2% | -3075.2% | ||
| Q1 24 | 4.9% | -879.5% |
| Q4 25 | — | $-0.14 | ||
| Q3 25 | — | $-0.27 | ||
| Q2 25 | — | $-0.22 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $0.00 | ||
| Q3 24 | — | $-0.28 | ||
| Q2 24 | — | $-0.63 | ||
| Q1 24 | — | $-0.28 |
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 | $512.0M |
| Total DebtLower is stronger | — | $519.5M |
| Stockholders' EquityBook value | $141.3M | $271.2M |
| Total Assets | $4.4B | $879.0M |
| Debt / EquityLower = less leverage | — | 1.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | $512.0M | ||
| Q3 25 | $236.2M | $558.8M | ||
| Q2 25 | $171.1M | $203.4M | ||
| Q1 25 | $139.3M | $248.2M | ||
| Q4 24 | $195.9M | $272.9M | ||
| Q3 24 | $216.9M | $200.9M | ||
| Q2 24 | $146.7M | $249.9M | ||
| Q1 24 | $158.1M | $262.4M |
| Q4 25 | — | $519.5M | ||
| Q3 25 | $3.4B | $518.6M | ||
| Q2 25 | $3.2B | $169.7M | ||
| Q1 25 | $3.2B | $169.4M | ||
| Q4 24 | $3.1B | $170.0M | ||
| Q3 24 | $3.2B | $168.9M | ||
| Q2 24 | $3.2B | $170.1M | ||
| Q1 24 | $3.2B | $169.8M |
| Q4 25 | $141.3M | $271.2M | ||
| Q3 25 | $169.9M | $294.3M | ||
| Q2 25 | $183.2M | $203.7M | ||
| Q1 25 | $133.9M | $235.1M | ||
| Q4 24 | $140.6M | $246.7M | ||
| Q3 24 | $135.8M | $167.6M | ||
| Q2 24 | $123.4M | $170.3M | ||
| Q1 24 | $191.3M | $229.3M |
| Q4 25 | $4.4B | $879.0M | ||
| Q3 25 | $4.6B | $913.7M | ||
| Q2 25 | $4.5B | $469.1M | ||
| Q1 25 | $4.2B | $499.0M | ||
| Q4 24 | $4.2B | $527.2M | ||
| Q3 24 | $4.3B | $448.0M | ||
| Q2 24 | $4.2B | $489.0M | ||
| Q1 24 | $4.3B | $508.9M |
| Q4 25 | — | 1.92× | ||
| Q3 25 | 20.28× | 1.76× | ||
| Q2 25 | 17.57× | 0.83× | ||
| Q1 25 | 23.56× | 0.72× | ||
| Q4 24 | 22.17× | 0.69× | ||
| Q3 24 | 23.51× | 1.01× | ||
| Q2 24 | 26.04× | 1.00× | ||
| Q1 24 | 16.86× | 0.74× |
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 | $-27.0M |
| Free Cash FlowOCF − Capex | $124.2M | $-28.0M |
| FCF MarginFCF / Revenue | 15.9% | -248.6% |
| Capex IntensityCapex / Revenue | 3.2% | 8.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $-113.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $-27.0M | ||
| Q3 25 | $61.5M | $-25.5M | ||
| Q2 25 | $21.4M | $-25.9M | ||
| Q1 25 | $-12.8M | $-16.9M | ||
| Q4 24 | $77.0M | $-16.0M | ||
| Q3 24 | $168.9M | $-30.7M | ||
| Q2 24 | $45.8M | $-26.9M | ||
| Q1 24 | $36.8M | $-35.0M |
| Q4 25 | $124.2M | $-28.0M | ||
| Q3 25 | $46.7M | $-28.5M | ||
| Q2 25 | $7.9M | $-33.8M | ||
| Q1 25 | $-33.8M | $-23.2M | ||
| Q4 24 | $42.4M | $-32.3M | ||
| Q3 24 | $141.5M | $-50.2M | ||
| Q2 24 | $27.3M | $-52.2M | ||
| Q1 24 | $10.3M | $-50.1M |
| Q4 25 | 15.9% | -248.6% | ||
| Q3 25 | 5.6% | -356.7% | ||
| Q2 25 | 1.1% | -453.0% | ||
| Q1 25 | -5.1% | -454.7% | ||
| Q4 24 | 5.8% | -332.6% | ||
| Q3 24 | 17.6% | -1163.2% | ||
| Q2 24 | 3.9% | -1384.2% | ||
| Q1 24 | 1.6% | -950.9% |
| Q4 25 | 3.2% | 8.9% | ||
| Q3 25 | 1.8% | 37.2% | ||
| Q2 25 | 1.9% | 106.7% | ||
| Q1 25 | 3.2% | 123.0% | ||
| Q4 24 | 4.7% | 168.3% | ||
| Q3 24 | 3.4% | 452.5% | ||
| Q2 24 | 2.6% | 669.0% | ||
| Q1 24 | 4.0% | 286.2% |
| Q4 25 | — | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | -0.45× | — | ||
| Q4 24 | 3.45× | — | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | — | — | ||
| 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% |
ENVX
Segment breakdown not available.
