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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and Essex Property Trust (ESS). Click either name above to swap in a different company.
ENERGIZER HOLDINGS, INC. is the larger business by last-quarter revenue ($778.9M vs $479.6M, roughly 1.6× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs -0.4%, a 18.3% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs 5.5%). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs 6.0%).
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.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
ENR vs ESS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $479.6M |
| Net Profit | $-3.4M | $85.7M |
| Gross Margin | 32.9% | 70.0% |
| Operating Margin | -0.6% | 31.7% |
| Net Margin | -0.4% | 17.9% |
| Revenue YoY | 6.5% | 5.5% |
| Net Profit YoY | -115.2% | -71.6% |
| EPS (diluted) | — | $1.24 |
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 | $479.6M | ||
| Q3 25 | $832.8M | $473.3M | ||
| Q2 25 | $725.3M | $469.8M | ||
| Q1 25 | $662.9M | $464.6M | ||
| Q4 24 | $731.7M | $454.5M | ||
| Q3 24 | $805.7M | $450.7M | ||
| Q2 24 | $701.4M | $442.4M | ||
| Q1 24 | $663.3M | $426.9M |
| Q4 25 | $-3.4M | $85.7M | ||
| Q3 25 | $34.9M | $172.7M | ||
| Q2 25 | $153.5M | $231.5M | ||
| Q1 25 | $28.3M | $212.8M | ||
| Q4 24 | $22.3M | $301.7M | ||
| Q3 24 | $47.6M | $125.5M | ||
| Q2 24 | $-43.8M | $99.0M | ||
| Q1 24 | $32.4M | $285.1M |
| Q4 25 | 32.9% | 70.0% | ||
| Q3 25 | 36.6% | 69.2% | ||
| Q2 25 | 55.1% | 70.7% | ||
| Q1 25 | 39.1% | 69.6% | ||
| Q4 24 | 36.8% | 70.0% | ||
| Q3 24 | 38.1% | 69.5% | ||
| Q2 24 | 39.5% | 70.8% | ||
| Q1 24 | 38.2% | 69.7% |
| Q4 25 | -0.6% | 31.7% | ||
| Q3 25 | 6.4% | 44.5% | ||
| Q2 25 | 22.6% | 59.5% | ||
| Q1 25 | 5.5% | 55.3% | ||
| Q4 24 | 4.1% | 67.0% | ||
| Q3 24 | 7.4% | 28.6% | ||
| Q2 24 | -8.2% | 31.1% | ||
| Q1 24 | 6.4% | 31.0% |
| Q4 25 | -0.4% | 17.9% | ||
| Q3 25 | 4.2% | 36.5% | ||
| Q2 25 | 21.2% | 49.3% | ||
| Q1 25 | 4.3% | 45.8% | ||
| Q4 24 | 3.0% | 66.4% | ||
| Q3 24 | 5.9% | 27.8% | ||
| Q2 24 | -6.2% | 22.4% | ||
| Q1 24 | 4.9% | 66.8% |
| Q4 25 | — | $1.24 | ||
| Q3 25 | — | $2.56 | ||
| Q2 25 | — | $3.44 | ||
| Q1 25 | — | $3.16 | ||
| Q4 24 | — | $4.00 | ||
| Q3 24 | — | $1.84 | ||
| Q2 24 | — | $1.45 | ||
| Q1 24 | — | $4.25 |
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 | $76.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $141.3M | $5.5B |
| Total Assets | $4.4B | $13.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | $76.2M | ||
| Q3 25 | $236.2M | $66.0M | ||
| Q2 25 | $171.1M | $58.7M | ||
| Q1 25 | $139.3M | $98.7M | ||
| Q4 24 | $195.9M | $66.8M | ||
| Q3 24 | $216.9M | $71.3M | ||
| Q2 24 | $146.7M | $55.2M | ||
| Q1 24 | $158.1M | $499.0M |
| Q4 25 | — | — | ||
| Q3 25 | $3.4B | $6.4B | ||
| Q2 25 | $3.2B | $6.4B | ||
| Q1 25 | $3.2B | $6.8B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | $6.4B | ||
| Q2 24 | $3.2B | $6.2B | ||
| Q1 24 | $3.2B | $6.6B |
| Q4 25 | $141.3M | $5.5B | ||
| Q3 25 | $169.9M | $5.6B | ||
| Q2 25 | $183.2M | $5.6B | ||
| Q1 25 | $133.9M | $5.6B | ||
| Q4 24 | $140.6M | $5.5B | ||
| Q3 24 | $135.8M | $5.4B | ||
| Q2 24 | $123.4M | $5.5B | ||
| Q1 24 | $191.3M | $5.5B |
| Q4 25 | $4.4B | $13.2B | ||
| Q3 25 | $4.6B | $13.2B | ||
| Q2 25 | $4.5B | $13.2B | ||
| Q1 25 | $4.2B | $13.2B | ||
| Q4 24 | $4.2B | $12.9B | ||
| Q3 24 | $4.3B | $12.6B | ||
| Q2 24 | $4.2B | $12.5B | ||
| Q1 24 | $4.3B | $12.9B |
| Q4 25 | — | — | ||
| Q3 25 | 20.28× | 1.15× | ||
| Q2 25 | 17.57× | 1.14× | ||
| Q1 25 | 23.56× | 1.22× | ||
| Q4 24 | 22.17× | — | ||
| Q3 24 | 23.51× | 1.18× | ||
| Q2 24 | 26.04× | 1.13× | ||
| Q1 24 | 16.86× | 1.19× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $124.2M | — |
| FCF MarginFCF / Revenue | 15.9% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | — | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $1.1B | ||
| Q3 25 | $61.5M | $342.6M | ||
| Q2 25 | $21.4M | $216.1M | ||
| Q1 25 | $-12.8M | $281.5M | ||
| Q4 24 | $77.0M | $1.1B | ||
| Q3 24 | $168.9M | $316.2M | ||
| Q2 24 | $45.8M | $218.9M | ||
| Q1 24 | $36.8M | $314.9M |
| Q4 25 | $124.2M | — | ||
| Q3 25 | $46.7M | — | ||
| Q2 25 | $7.9M | — | ||
| Q1 25 | $-33.8M | — | ||
| Q4 24 | $42.4M | — | ||
| Q3 24 | $141.5M | — | ||
| Q2 24 | $27.3M | — | ||
| Q1 24 | $10.3M | — |
| Q4 25 | 15.9% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 17.6% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 1.6% | — |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 4.0% | — |
| Q4 25 | — | 12.53× | ||
| Q3 25 | 1.76× | 1.98× | ||
| Q2 25 | 0.14× | 0.93× | ||
| Q1 25 | -0.45× | 1.32× | ||
| Q4 24 | 3.45× | 3.54× | ||
| Q3 24 | 3.55× | 2.52× | ||
| Q2 24 | — | 2.21× | ||
| Q1 24 | 1.14× | 1.10× |
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% |
ESS
Segment breakdown not available.
