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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and Element Solutions Inc (ESI). Click either name above to swap in a different company.
Element Solutions Inc is the larger business by last-quarter revenue ($840.0M vs $778.9M, roughly 1.1× ENERGIZER HOLDINGS, INC.). Element Solutions Inc runs the higher net margin — 6.7% vs -0.4%, a 7.1% gap on every dollar of revenue. On growth, Element Solutions Inc posted the faster year-over-year revenue change (41.0% vs 6.5%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($124.2M vs $-74.2M). Over the past eight quarters, Element Solutions Inc's revenue compounded faster (17.1% 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.
Element Solutions Inc is an American specialty chemicals production corporation listed on the New York Stock Exchange.
ENR vs ESI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $840.0M |
| Net Profit | $-3.4M | $56.0M |
| Gross Margin | 32.9% | 38.4% |
| Operating Margin | -0.6% | 13.3% |
| Net Margin | -0.4% | 6.7% |
| Revenue YoY | 6.5% | 41.0% |
| Net Profit YoY | -115.2% | -43.0% |
| EPS (diluted) | — | $0.23 |
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.
| Q1 26 | — | $840.0M | ||
| Q4 25 | $778.9M | $676.2M | ||
| Q3 25 | $832.8M | $656.1M | ||
| Q2 25 | $725.3M | $625.2M | ||
| Q1 25 | $662.9M | $593.7M | ||
| Q4 24 | $731.7M | $624.2M | ||
| Q3 24 | $805.7M | $645.0M | ||
| Q2 24 | $701.4M | $612.7M |
| Q1 26 | — | $56.0M | ||
| Q4 25 | $-3.4M | $6.2M | ||
| Q3 25 | $34.9M | $39.3M | ||
| Q2 25 | $153.5M | $47.4M | ||
| Q1 25 | $28.3M | $98.0M | ||
| Q4 24 | $22.3M | $54.7M | ||
| Q3 24 | $47.6M | $40.3M | ||
| Q2 24 | $-43.8M | $93.2M |
| Q1 26 | — | 38.4% | ||
| Q4 25 | 32.9% | 40.9% | ||
| Q3 25 | 36.6% | 42.2% | ||
| Q2 25 | 55.1% | 42.6% | ||
| Q1 25 | 39.1% | 42.2% | ||
| Q4 24 | 36.8% | 41.0% | ||
| Q3 24 | 38.1% | 41.5% | ||
| Q2 24 | 39.5% | 43.6% |
| Q1 26 | — | 13.3% | ||
| Q4 25 | -0.6% | 10.3% | ||
| Q3 25 | 6.4% | 15.4% | ||
| Q2 25 | 22.6% | 15.1% | ||
| Q1 25 | 5.5% | 13.0% | ||
| Q4 24 | 4.1% | 12.0% | ||
| Q3 24 | 7.4% | 14.7% | ||
| Q2 24 | -8.2% | 15.7% |
| Q1 26 | — | 6.7% | ||
| Q4 25 | -0.4% | 0.9% | ||
| Q3 25 | 4.2% | 6.0% | ||
| Q2 25 | 21.2% | 7.6% | ||
| Q1 25 | 4.3% | 16.5% | ||
| Q4 24 | 3.0% | 8.8% | ||
| Q3 24 | 5.9% | 6.2% | ||
| Q2 24 | -6.2% | 15.2% |
| Q1 26 | — | $0.23 | ||
| Q4 25 | — | $0.03 | ||
| Q3 25 | — | $0.16 | ||
| Q2 25 | — | $0.20 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $0.22 | ||
| Q3 24 | — | $0.17 | ||
| Q2 24 | — | $0.39 |
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 | $177.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $141.3M | $2.7B |
| Total Assets | $4.4B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $177.3M | ||
| Q4 25 | $214.8M | $626.5M | ||
| Q3 25 | $236.2M | $594.3M | ||
| Q2 25 | $171.1M | $529.9M | ||
| Q1 25 | $139.3M | $499.2M | ||
| Q4 24 | $195.9M | $359.4M | ||
| Q3 24 | $216.9M | $376.0M | ||
| Q2 24 | $146.7M | $309.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $3.4B | $1.6B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.2B | $1.6B | ||
| Q4 24 | $3.1B | $1.8B | ||
| Q3 24 | $3.2B | $1.9B | ||
| Q2 24 | $3.2B | $1.9B |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $141.3M | $2.7B | ||
| Q3 25 | $169.9M | $2.7B | ||
| Q2 25 | $183.2M | $2.6B | ||
| Q1 25 | $133.9M | $2.5B | ||
| Q4 24 | $140.6M | $2.4B | ||
| Q3 24 | $135.8M | $2.4B | ||
| Q2 24 | $123.4M | $2.4B |
| Q1 26 | — | $5.7B | ||
| Q4 25 | $4.4B | $5.1B | ||
| Q3 25 | $4.6B | $5.0B | ||
| Q2 25 | $4.5B | $5.0B | ||
| Q1 25 | $4.2B | $4.8B | ||
| Q4 24 | $4.2B | $4.9B | ||
| Q3 24 | $4.3B | $5.1B | ||
| Q2 24 | $4.2B | $5.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | 20.28× | 0.61× | ||
| Q2 25 | 17.57× | 0.62× | ||
| Q1 25 | 23.56× | 0.64× | ||
| Q4 24 | 22.17× | 0.76× | ||
| Q3 24 | 23.51× | 0.78× | ||
| Q2 24 | 26.04× | 0.81× |
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 | — |
| Free Cash FlowOCF − Capex | $124.2M | $-74.2M |
| FCF MarginFCF / Revenue | 15.9% | -8.8% |
| Capex IntensityCapex / Revenue | 3.2% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | — | ||
| Q3 25 | $61.5M | $100.1M | ||
| Q2 25 | $21.4M | — | ||
| Q1 25 | $-12.8M | $26.0M | ||
| Q4 24 | $77.0M | — | ||
| Q3 24 | $168.9M | $98.5M | ||
| Q2 24 | $45.8M | — |
| Q1 26 | — | $-74.2M | ||
| Q4 25 | $124.2M | — | ||
| Q3 25 | $46.7M | $83.6M | ||
| Q2 25 | $7.9M | — | ||
| Q1 25 | $-33.8M | $15.0M | ||
| Q4 24 | $42.4M | — | ||
| Q3 24 | $141.5M | $85.9M | ||
| Q2 24 | $27.3M | — |
| Q1 26 | — | -8.8% | ||
| Q4 25 | 15.9% | — | ||
| Q3 25 | 5.6% | 12.7% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | -5.1% | 2.5% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 17.6% | 13.3% | ||
| Q2 24 | 3.9% | — |
| Q1 26 | — | 3.0% | ||
| Q4 25 | 3.2% | 2.5% | ||
| Q3 25 | 1.8% | 2.5% | ||
| Q2 25 | 1.9% | 2.8% | ||
| Q1 25 | 3.2% | 1.9% | ||
| Q4 24 | 4.7% | 3.6% | ||
| Q3 24 | 3.4% | 2.0% | ||
| Q2 24 | 2.6% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.76× | 2.55× | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | -0.45× | 0.27× | ||
| Q4 24 | 3.45× | — | ||
| Q3 24 | 3.55× | 2.44× | ||
| Q2 24 | — | — |
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% |
ESI
| Electronics ex-Metals | $377.8M | 45% |
| Pass-through Metals | $255.7M | 30% |
| Other | $206.5M | 25% |
