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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $778.9M, roughly 1.6× ENERGIZER HOLDINGS, INC.). Graham Holdings Co runs the higher net margin — 8.7% vs -0.4%, a 9.1% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs 0.4%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($124.2M vs $5.0M). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs 4.2%).
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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
ENR vs GHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $1.3B |
| Net Profit | $-3.4M | $108.7M |
| Gross Margin | 32.9% | — |
| Operating Margin | -0.6% | 3.8% |
| Net Margin | -0.4% | 8.7% |
| Revenue YoY | 6.5% | 0.4% |
| Net Profit YoY | -115.2% | -80.2% |
| EPS (diluted) | — | $24.76 |
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 | $1.3B | ||
| Q3 25 | $832.8M | $1.3B | ||
| Q2 25 | $725.3M | $1.2B | ||
| Q1 25 | $662.9M | $1.2B | ||
| Q4 24 | $731.7M | $1.2B | ||
| Q3 24 | $805.7M | $1.2B | ||
| Q2 24 | $701.4M | $1.2B | ||
| Q1 24 | $663.3M | $1.2B |
| Q4 25 | $-3.4M | $108.7M | ||
| Q3 25 | $34.9M | $122.9M | ||
| Q2 25 | $153.5M | $36.7M | ||
| Q1 25 | $28.3M | $23.9M | ||
| Q4 24 | $22.3M | $548.8M | ||
| Q3 24 | $47.6M | $72.5M | ||
| Q2 24 | $-43.8M | $-21.0M | ||
| Q1 24 | $32.4M | $124.4M |
| 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% | 3.8% | ||
| Q3 25 | 6.4% | 5.2% | ||
| Q2 25 | 22.6% | 6.0% | ||
| Q1 25 | 5.5% | 4.1% | ||
| Q4 24 | 4.1% | 5.8% | ||
| Q3 24 | 7.4% | 6.8% | ||
| Q2 24 | -8.2% | 2.2% | ||
| Q1 24 | 6.4% | 3.1% |
| Q4 25 | -0.4% | 8.7% | ||
| Q3 25 | 4.2% | 9.6% | ||
| Q2 25 | 21.2% | 3.0% | ||
| Q1 25 | 4.3% | 2.0% | ||
| Q4 24 | 3.0% | 44.1% | ||
| Q3 24 | 5.9% | 6.0% | ||
| Q2 24 | -6.2% | -1.8% | ||
| Q1 24 | 4.9% | 10.8% |
| Q4 25 | — | $24.76 | ||
| Q3 25 | — | $27.91 | ||
| Q2 25 | — | $8.35 | ||
| Q1 25 | — | $5.45 | ||
| Q4 24 | — | $124.05 | ||
| Q3 24 | — | $16.42 | ||
| Q2 24 | — | $-4.79 | ||
| Q1 24 | — | $27.72 |
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 | $267.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $141.3M | $4.8B |
| Total Assets | $4.4B | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | $267.0M | ||
| Q3 25 | $236.2M | $190.8M | ||
| Q2 25 | $171.1M | $176.2M | ||
| Q1 25 | $139.3M | $156.7M | ||
| Q4 24 | $195.9M | $260.9M | ||
| Q3 24 | $216.9M | $244.4M | ||
| Q2 24 | $146.7M | $140.7M | ||
| Q1 24 | $158.1M | $130.9M |
| 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 | $4.8B | ||
| Q3 25 | $169.9M | $4.5B | ||
| Q2 25 | $183.2M | $4.4B | ||
| Q1 25 | $133.9M | $4.3B | ||
| Q4 24 | $140.6M | $4.3B | ||
| Q3 24 | $135.8M | $4.0B | ||
| Q2 24 | $123.4M | $4.0B | ||
| Q1 24 | $191.3M | $4.0B |
| Q4 25 | $4.4B | $8.4B | ||
| Q3 25 | $4.6B | $7.9B | ||
| Q2 25 | $4.5B | $7.6B | ||
| Q1 25 | $4.2B | $7.6B | ||
| Q4 24 | $4.2B | $7.7B | ||
| Q3 24 | $4.3B | $7.4B | ||
| Q2 24 | $4.2B | $7.2B | ||
| Q1 24 | $4.3B | $7.3B |
| 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 | $28.3M |
| Free Cash FlowOCF − Capex | $124.2M | $5.0M |
| FCF MarginFCF / Revenue | 15.9% | 0.4% |
| Capex IntensityCapex / Revenue | 3.2% | 1.9% |
| Cash ConversionOCF / Net Profit | — | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $28.3M | ||
| Q3 25 | $61.5M | $178.1M | ||
| Q2 25 | $21.4M | $94.8M | ||
| Q1 25 | $-12.8M | $46.0M | ||
| Q4 24 | $77.0M | $116.3M | ||
| Q3 24 | $168.9M | $237.6M | ||
| Q2 24 | $45.8M | $52.0M | ||
| Q1 24 | $36.8M | $1.1M |
| Q4 25 | $124.2M | $5.0M | ||
| Q3 25 | $46.7M | $161.8M | ||
| Q2 25 | $7.9M | $78.0M | ||
| Q1 25 | $-33.8M | $30.5M | ||
| Q4 24 | $42.4M | $91.1M | ||
| Q3 24 | $141.5M | $219.4M | ||
| Q2 24 | $27.3M | $33.7M | ||
| Q1 24 | $10.3M | $-20.2M |
| Q4 25 | 15.9% | 0.4% | ||
| Q3 25 | 5.6% | 12.6% | ||
| Q2 25 | 1.1% | 6.4% | ||
| Q1 25 | -5.1% | 2.6% | ||
| Q4 24 | 5.8% | 7.3% | ||
| Q3 24 | 17.6% | 18.2% | ||
| Q2 24 | 3.9% | 2.8% | ||
| Q1 24 | 1.6% | -1.8% |
| Q4 25 | 3.2% | 1.9% | ||
| Q3 25 | 1.8% | 1.3% | ||
| Q2 25 | 1.9% | 1.4% | ||
| Q1 25 | 3.2% | 1.3% | ||
| Q4 24 | 4.7% | 2.0% | ||
| Q3 24 | 3.4% | 1.5% | ||
| Q2 24 | 2.6% | 1.5% | ||
| Q1 24 | 4.0% | 1.8% |
| Q4 25 | — | 0.26× | ||
| Q3 25 | 1.76× | 1.45× | ||
| Q2 25 | 0.14× | 2.58× | ||
| Q1 25 | -0.45× | 1.93× | ||
| Q4 24 | 3.45× | 0.21× | ||
| Q3 24 | 3.55× | 3.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.14× | 0.01× |
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% |
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
