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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and Fabrinet (FN). Click either name above to swap in a different company.

Fabrinet is the larger business by last-quarter revenue ($1.1B vs $778.9M, roughly 1.5× ENERGIZER HOLDINGS, INC.). Fabrinet runs the higher net margin — 9.9% vs -0.4%, a 10.4% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 6.5%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($124.2M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% 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.

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

ENR vs FN — Head-to-Head

Bigger by revenue
FN
FN
1.5× larger
FN
$1.1B
$778.9M
ENR
Growing faster (revenue YoY)
FN
FN
+29.5% gap
FN
35.9%
6.5%
ENR
Higher net margin
FN
FN
10.4% more per $
FN
9.9%
-0.4%
ENR
More free cash flow
ENR
ENR
$129.5M more FCF
ENR
$124.2M
$-5.3M
FN
Faster 2-yr revenue CAGR
FN
FN
Annualised
FN
24.4%
8.4%
ENR

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
ENR
ENR
FN
FN
Revenue
$778.9M
$1.1B
Net Profit
$-3.4M
$112.6M
Gross Margin
32.9%
12.2%
Operating Margin
-0.6%
10.1%
Net Margin
-0.4%
9.9%
Revenue YoY
6.5%
35.9%
Net Profit YoY
-115.2%
30.0%
EPS (diluted)
$3.11

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.

Revenue
ENR
ENR
FN
FN
Q4 25
$778.9M
$1.1B
Q3 25
$832.8M
$978.1M
Q2 25
$725.3M
$909.7M
Q1 25
$662.9M
$871.8M
Q4 24
$731.7M
$833.6M
Q3 24
$805.7M
$804.2M
Q2 24
$701.4M
$753.3M
Q1 24
$663.3M
$731.5M
Net Profit
ENR
ENR
FN
FN
Q4 25
$-3.4M
$112.6M
Q3 25
$34.9M
$95.9M
Q2 25
$153.5M
$87.2M
Q1 25
$28.3M
$81.3M
Q4 24
$22.3M
$86.6M
Q3 24
$47.6M
$77.4M
Q2 24
$-43.8M
$81.1M
Q1 24
$32.4M
$80.9M
Gross Margin
ENR
ENR
FN
FN
Q4 25
32.9%
12.2%
Q3 25
36.6%
11.9%
Q2 25
55.1%
12.2%
Q1 25
39.1%
11.7%
Q4 24
36.8%
12.1%
Q3 24
38.1%
12.3%
Q2 24
39.5%
12.3%
Q1 24
38.2%
12.4%
Operating Margin
ENR
ENR
FN
FN
Q4 25
-0.6%
10.1%
Q3 25
6.4%
9.6%
Q2 25
22.6%
9.8%
Q1 25
5.5%
9.0%
Q4 24
4.1%
9.5%
Q3 24
7.4%
9.6%
Q2 24
-8.2%
9.7%
Q1 24
6.4%
9.7%
Net Margin
ENR
ENR
FN
FN
Q4 25
-0.4%
9.9%
Q3 25
4.2%
9.8%
Q2 25
21.2%
9.6%
Q1 25
4.3%
9.3%
Q4 24
3.0%
10.4%
Q3 24
5.9%
9.6%
Q2 24
-6.2%
10.8%
Q1 24
4.9%
11.1%
EPS (diluted)
ENR
ENR
FN
FN
Q4 25
$3.11
Q3 25
$2.66
Q2 25
$2.41
Q1 25
$2.25
Q4 24
$2.38
Q3 24
$2.13
Q2 24
$2.22
Q1 24
$2.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ENR
ENR
FN
FN
Cash + ST InvestmentsLiquidity on hand
$214.8M
$960.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$141.3M
$2.2B
Total Assets
$4.4B
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENR
ENR
FN
FN
Q4 25
$214.8M
$960.8M
Q3 25
$236.2M
$968.8M
Q2 25
$171.1M
$934.2M
Q1 25
$139.3M
$950.7M
Q4 24
$195.9M
$934.6M
Q3 24
$216.9M
$908.9M
Q2 24
$146.7M
$858.6M
Q1 24
$158.1M
$794.0M
Total Debt
ENR
ENR
FN
FN
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
Stockholders' Equity
ENR
ENR
FN
FN
Q4 25
$141.3M
$2.2B
Q3 25
$169.9M
$2.1B
Q2 25
$183.2M
$2.0B
Q1 25
$133.9M
$1.9B
Q4 24
$140.6M
$1.8B
Q3 24
$135.8M
$1.8B
Q2 24
$123.4M
$1.7B
Q1 24
$191.3M
$1.7B
Total Assets
ENR
ENR
FN
FN
Q4 25
$4.4B
$3.3B
Q3 25
$4.6B
$3.0B
Q2 25
$4.5B
$2.8B
Q1 25
$4.2B
$2.6B
Q4 24
$4.2B
$2.5B
Q3 24
$4.3B
$2.4B
Q2 24
$4.2B
$2.3B
Q1 24
$4.3B
$2.2B
Debt / Equity
ENR
ENR
FN
FN
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
ENR
ENR
FN
FN
Operating Cash FlowLast quarter
$149.5M
$46.3M
Free Cash FlowOCF − Capex
$124.2M
$-5.3M
FCF MarginFCF / Revenue
15.9%
-0.5%
Capex IntensityCapex / Revenue
3.2%
4.6%
Cash ConversionOCF / Net Profit
0.41×
TTM Free Cash FlowTrailing 4 quarters
$145.0M
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENR
ENR
FN
FN
Q4 25
$149.5M
$46.3M
Q3 25
$61.5M
$102.6M
Q2 25
$21.4M
$55.1M
Q1 25
$-12.8M
$74.2M
Q4 24
$77.0M
$115.9M
Q3 24
$168.9M
$83.2M
Q2 24
$45.8M
$83.1M
Q1 24
$36.8M
$100.9M
Free Cash Flow
ENR
ENR
FN
FN
Q4 25
$124.2M
$-5.3M
Q3 25
$46.7M
$57.3M
Q2 25
$7.9M
$4.7M
Q1 25
$-33.8M
$45.7M
Q4 24
$42.4M
$94.0M
Q3 24
$141.5M
$62.9M
Q2 24
$27.3M
$70.4M
Q1 24
$10.3M
$87.3M
FCF Margin
ENR
ENR
FN
FN
Q4 25
15.9%
-0.5%
Q3 25
5.6%
5.9%
Q2 25
1.1%
0.5%
Q1 25
-5.1%
5.2%
Q4 24
5.8%
11.3%
Q3 24
17.6%
7.8%
Q2 24
3.9%
9.3%
Q1 24
1.6%
11.9%
Capex Intensity
ENR
ENR
FN
FN
Q4 25
3.2%
4.6%
Q3 25
1.8%
4.6%
Q2 25
1.9%
5.5%
Q1 25
3.2%
3.3%
Q4 24
4.7%
2.6%
Q3 24
3.4%
2.5%
Q2 24
2.6%
1.7%
Q1 24
4.0%
1.9%
Cash Conversion
ENR
ENR
FN
FN
Q4 25
0.41×
Q3 25
1.76×
1.07×
Q2 25
0.14×
0.63×
Q1 25
-0.45×
0.91×
Q4 24
3.45×
1.34×
Q3 24
3.55×
1.07×
Q2 24
1.02×
Q1 24
1.14×
1.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ENR
ENR

Alkaline Batteries$666.5M86%
Auto Care$93.7M12%
Lights$18.7M2%

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

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