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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and F5, Inc. (FFIV). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $778.9M, roughly 1.0× ENERGIZER HOLDINGS, INC.). F5, Inc. runs the higher net margin — 18.2% vs -0.4%, a 18.7% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs 6.5%). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs 8.0%).
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.
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
ENR vs FFIV — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $811.7M |
| Net Profit | $-3.4M | $148.0M |
| Gross Margin | 32.9% | 81.4% |
| Operating Margin | -0.6% | 22.1% |
| Net Margin | -0.4% | 18.2% |
| Revenue YoY | 6.5% | 11.0% |
| Net Profit YoY | -115.2% | 1.5% |
| EPS (diluted) | — | $2.58 |
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 | — | $811.7M | ||
| Q4 25 | $778.9M | $822.5M | ||
| Q3 25 | $832.8M | $810.1M | ||
| Q2 25 | $725.3M | $780.4M | ||
| Q1 25 | $662.9M | $731.1M | ||
| Q4 24 | $731.7M | $766.5M | ||
| Q3 24 | $805.7M | $746.7M | ||
| Q2 24 | $701.4M | $695.5M |
| Q1 26 | — | $148.0M | ||
| Q4 25 | $-3.4M | $180.1M | ||
| Q3 25 | $34.9M | $190.5M | ||
| Q2 25 | $153.5M | $189.9M | ||
| Q1 25 | $28.3M | $145.5M | ||
| Q4 24 | $22.3M | $166.4M | ||
| Q3 24 | $47.6M | $165.3M | ||
| Q2 24 | $-43.8M | $144.1M |
| Q1 26 | — | 81.4% | ||
| Q4 25 | 32.9% | 81.5% | ||
| Q3 25 | 36.6% | 82.2% | ||
| Q2 25 | 55.1% | 81.0% | ||
| Q1 25 | 39.1% | 80.7% | ||
| Q4 24 | 36.8% | 81.7% | ||
| Q3 24 | 38.1% | 80.8% | ||
| Q2 24 | 39.5% | 80.4% |
| Q1 26 | — | 22.1% | ||
| Q4 25 | -0.6% | 26.0% | ||
| Q3 25 | 6.4% | 25.4% | ||
| Q2 25 | 22.6% | 25.2% | ||
| Q1 25 | 5.5% | 21.7% | ||
| Q4 24 | 4.1% | 26.8% | ||
| Q3 24 | 7.4% | 25.6% | ||
| Q2 24 | -8.2% | 23.4% |
| Q1 26 | — | 18.2% | ||
| Q4 25 | -0.4% | 21.9% | ||
| Q3 25 | 4.2% | 23.5% | ||
| Q2 25 | 21.2% | 24.3% | ||
| Q1 25 | 4.3% | 19.9% | ||
| Q4 24 | 3.0% | 21.7% | ||
| Q3 24 | 5.9% | 22.1% | ||
| Q2 24 | -6.2% | 20.7% |
| Q1 26 | — | $2.58 | ||
| Q4 25 | — | $3.10 | ||
| Q3 25 | — | $3.25 | ||
| Q2 25 | — | $3.25 | ||
| Q1 25 | — | $2.48 | ||
| Q4 24 | — | $2.82 | ||
| Q3 24 | — | $2.79 | ||
| Q2 24 | — | $2.44 |
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 | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $141.3M | $3.6B |
| Total Assets | $4.4B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $214.8M | $1.2B | ||
| Q3 25 | $236.2M | $1.3B | ||
| Q2 25 | $171.1M | $1.4B | ||
| Q1 25 | $139.3M | $1.3B | ||
| Q4 24 | $195.9M | $1.2B | ||
| Q3 24 | $216.9M | $1.1B | ||
| Q2 24 | $146.7M | $935.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $141.3M | $3.5B | ||
| Q3 25 | $169.9M | $3.6B | ||
| Q2 25 | $183.2M | $3.5B | ||
| Q1 25 | $133.9M | $3.3B | ||
| Q4 24 | $140.6M | $3.2B | ||
| Q3 24 | $135.8M | $3.1B | ||
| Q2 24 | $123.4M | $3.0B |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $4.4B | $6.3B | ||
| Q3 25 | $4.6B | $6.3B | ||
| Q2 25 | $4.5B | $6.1B | ||
| Q1 25 | $4.2B | $5.9B | ||
| Q4 24 | $4.2B | $5.9B | ||
| Q3 24 | $4.3B | $5.6B | ||
| Q2 24 | $4.2B | $5.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 20.28× | — | ||
| Q2 25 | 17.57× | — | ||
| Q1 25 | 23.56× | — | ||
| Q4 24 | 22.17× | — | ||
| Q3 24 | 23.51× | — | ||
| Q2 24 | 26.04× | — |
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 | $525.1M |
| Free Cash FlowOCF − Capex | $124.2M | — |
| FCF MarginFCF / Revenue | 15.9% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | — | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $525.1M | ||
| Q4 25 | $149.5M | $159.2M | ||
| Q3 25 | $61.5M | $208.1M | ||
| Q2 25 | $21.4M | $282.2M | ||
| Q1 25 | $-12.8M | $256.6M | ||
| Q4 24 | $77.0M | $202.8M | ||
| Q3 24 | $168.9M | $246.5M | ||
| Q2 24 | $45.8M | $159.0M |
| Q1 26 | — | — | ||
| Q4 25 | $124.2M | $149.5M | ||
| Q3 25 | $46.7M | $191.9M | ||
| Q2 25 | $7.9M | $273.7M | ||
| Q1 25 | $-33.8M | $246.1M | ||
| Q4 24 | $42.4M | $194.7M | ||
| Q3 24 | $141.5M | $240.4M | ||
| Q2 24 | $27.3M | $153.1M |
| Q1 26 | — | — | ||
| Q4 25 | 15.9% | 18.2% | ||
| Q3 25 | 5.6% | 23.7% | ||
| Q2 25 | 1.1% | 35.1% | ||
| Q1 25 | -5.1% | 33.7% | ||
| Q4 24 | 5.8% | 25.4% | ||
| Q3 24 | 17.6% | 32.2% | ||
| Q2 24 | 3.9% | 22.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 1.2% | ||
| Q3 25 | 1.8% | 2.0% | ||
| Q2 25 | 1.9% | 1.1% | ||
| Q1 25 | 3.2% | 1.4% | ||
| Q4 24 | 4.7% | 1.1% | ||
| Q3 24 | 3.4% | 0.8% | ||
| Q2 24 | 2.6% | 0.8% |
| Q1 26 | — | 3.55× | ||
| Q4 25 | — | 0.88× | ||
| Q3 25 | 1.76× | 1.09× | ||
| Q2 25 | 0.14× | 1.49× | ||
| Q1 25 | -0.45× | 1.76× | ||
| Q4 24 | 3.45× | 1.22× | ||
| Q3 24 | 3.55× | 1.49× | ||
| Q2 24 | — | 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% |
FFIV
Segment breakdown not available.
