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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and FIRST HORIZON CORP (FHN). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $778.9M, roughly 1.1× ENERGIZER HOLDINGS, INC.). FIRST HORIZON CORP runs the higher net margin — 29.4% vs -0.4%, a 29.8% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 6.5%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $124.2M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% 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.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
ENR vs FHN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $888.0M |
| Net Profit | $-3.4M | $261.0M |
| Gross Margin | 32.9% | — |
| Operating Margin | -0.6% | 38.5% |
| Net Margin | -0.4% | 29.4% |
| Revenue YoY | 6.5% | 21.8% |
| Net Profit YoY | -115.2% | 57.2% |
| EPS (diluted) | — | $0.51 |
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 | $888.0M | ||
| Q3 25 | $832.8M | $889.0M | ||
| Q2 25 | $725.3M | $830.0M | ||
| Q1 25 | $662.9M | $812.0M | ||
| Q4 24 | $731.7M | $729.0M | ||
| Q3 24 | $805.7M | $827.0M | ||
| Q2 24 | $701.4M | — | ||
| Q1 24 | $663.3M | $819.0M |
| Q4 25 | $-3.4M | $261.0M | ||
| Q3 25 | $34.9M | $262.0M | ||
| Q2 25 | $153.5M | $241.0M | ||
| Q1 25 | $28.3M | $218.0M | ||
| Q4 24 | $22.3M | $166.0M | ||
| Q3 24 | $47.6M | $218.0M | ||
| Q2 24 | $-43.8M | — | ||
| Q1 24 | $32.4M | $192.0M |
| Q4 25 | 32.9% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 55.1% | — | ||
| Q1 25 | 39.1% | — | ||
| Q4 24 | 36.8% | — | ||
| Q3 24 | 38.1% | — | ||
| Q2 24 | 39.5% | — | ||
| Q1 24 | 38.2% | — |
| Q4 25 | -0.6% | 38.5% | ||
| Q3 25 | 6.4% | 38.7% | ||
| Q2 25 | 22.6% | 37.2% | ||
| Q1 25 | 5.5% | 35.1% | ||
| Q4 24 | 4.1% | 28.8% | ||
| Q3 24 | 7.4% | 34.0% | ||
| Q2 24 | -8.2% | — | ||
| Q1 24 | 6.4% | 31.0% |
| Q4 25 | -0.4% | 29.4% | ||
| Q3 25 | 4.2% | 29.5% | ||
| Q2 25 | 21.2% | 29.0% | ||
| Q1 25 | 4.3% | 26.8% | ||
| Q4 24 | 3.0% | 22.8% | ||
| Q3 24 | 5.9% | 26.4% | ||
| Q2 24 | -6.2% | — | ||
| Q1 24 | 4.9% | 23.4% |
| Q4 25 | — | $0.51 | ||
| Q3 25 | — | $0.50 | ||
| Q2 25 | — | $0.45 | ||
| Q1 25 | — | $0.41 | ||
| Q4 24 | — | $0.29 | ||
| Q3 24 | — | $0.40 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $0.33 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $141.3M | $8.8B |
| Total Assets | $4.4B | $83.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | — | ||
| Q3 25 | $236.2M | — | ||
| Q2 25 | $171.1M | — | ||
| Q1 25 | $139.3M | — | ||
| Q4 24 | $195.9M | — | ||
| Q3 24 | $216.9M | — | ||
| Q2 24 | $146.7M | — | ||
| Q1 24 | $158.1M | — |
| 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 24 | $3.2B | — |
| Q4 25 | $141.3M | $8.8B | ||
| Q3 25 | $169.9M | $8.9B | ||
| Q2 25 | $183.2M | $9.0B | ||
| Q1 25 | $133.9M | $8.7B | ||
| Q4 24 | $140.6M | $8.8B | ||
| Q3 24 | $135.8M | $9.0B | ||
| Q2 24 | $123.4M | — | ||
| Q1 24 | $191.3M | $8.9B |
| Q4 25 | $4.4B | $83.9B | ||
| Q3 25 | $4.6B | $83.2B | ||
| Q2 25 | $4.5B | $82.1B | ||
| Q1 25 | $4.2B | $81.5B | ||
| Q4 24 | $4.2B | $82.2B | ||
| Q3 24 | $4.3B | $82.6B | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $4.3B | $81.8B |
| 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× | — | ||
| Q1 24 | 16.86× | — |
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 | $396.0M |
| Free Cash FlowOCF − Capex | $124.2M | $389.0M |
| FCF MarginFCF / Revenue | 15.9% | 43.8% |
| Capex IntensityCapex / Revenue | 3.2% | 0.8% |
| Cash ConversionOCF / Net Profit | — | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $396.0M | ||
| Q3 25 | $61.5M | $-200.0M | ||
| Q2 25 | $21.4M | $83.0M | ||
| Q1 25 | $-12.8M | $349.0M | ||
| Q4 24 | $77.0M | $191.0M | ||
| Q3 24 | $168.9M | $389.0M | ||
| Q2 24 | $45.8M | — | ||
| Q1 24 | $36.8M | $838.0M |
| Q4 25 | $124.2M | $389.0M | ||
| Q3 25 | $46.7M | $-208.0M | ||
| Q2 25 | $7.9M | $74.0M | ||
| Q1 25 | $-33.8M | $340.0M | ||
| Q4 24 | $42.4M | $174.0M | ||
| Q3 24 | $141.5M | $383.0M | ||
| Q2 24 | $27.3M | — | ||
| Q1 24 | $10.3M | $828.0M |
| Q4 25 | 15.9% | 43.8% | ||
| Q3 25 | 5.6% | -23.4% | ||
| Q2 25 | 1.1% | 8.9% | ||
| Q1 25 | -5.1% | 41.9% | ||
| Q4 24 | 5.8% | 23.9% | ||
| Q3 24 | 17.6% | 46.3% | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 1.6% | 101.1% |
| Q4 25 | 3.2% | 0.8% | ||
| Q3 25 | 1.8% | 0.9% | ||
| Q2 25 | 1.9% | 1.1% | ||
| Q1 25 | 3.2% | 1.1% | ||
| Q4 24 | 4.7% | 2.3% | ||
| Q3 24 | 3.4% | 0.7% | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 4.0% | 1.2% |
| Q4 25 | — | 1.52× | ||
| Q3 25 | 1.76× | -0.76× | ||
| Q2 25 | 0.14× | 0.34× | ||
| Q1 25 | -0.45× | 1.60× | ||
| Q4 24 | 3.45× | 1.15× | ||
| Q3 24 | 3.55× | 1.78× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.14× | 4.36× |
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% |
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
