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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
ENERGIZER HOLDINGS, INC. is the larger business by last-quarter revenue ($778.9M vs $420.0M, roughly 1.9× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -0.4%, a 57.4% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs 6.3%). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs 5.0%).
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.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
ENR vs GLPI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $420.0M |
| Net Profit | $-3.4M | $239.4M |
| Gross Margin | 32.9% | — |
| Operating Margin | -0.6% | 79.4% |
| Net Margin | -0.4% | 57.0% |
| Revenue YoY | 6.5% | 6.3% |
| Net Profit YoY | -115.2% | 40.5% |
| EPS (diluted) | — | — |
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 | — | $420.0M | ||
| Q4 25 | $778.9M | $407.0M | ||
| Q3 25 | $832.8M | $397.6M | ||
| Q2 25 | $725.3M | $394.9M | ||
| Q1 25 | $662.9M | $395.2M | ||
| Q4 24 | $731.7M | $389.6M | ||
| Q3 24 | $805.7M | $385.3M | ||
| Q2 24 | $701.4M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $-3.4M | $275.4M | ||
| Q3 25 | $34.9M | $241.2M | ||
| Q2 25 | $153.5M | $151.4M | ||
| Q1 25 | $28.3M | $165.2M | ||
| Q4 24 | $22.3M | $223.6M | ||
| Q3 24 | $47.6M | $184.7M | ||
| Q2 24 | $-43.8M | $208.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 79.4% | ||
| Q4 25 | -0.6% | 89.3% | ||
| Q3 25 | 6.4% | 84.8% | ||
| Q2 25 | 22.6% | 61.3% | ||
| Q1 25 | 5.5% | 65.5% | ||
| Q4 24 | 4.1% | 79.1% | ||
| Q3 24 | 7.4% | 70.4% | ||
| Q2 24 | -8.2% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | -0.4% | 67.6% | ||
| Q3 25 | 4.2% | 60.7% | ||
| Q2 25 | 21.2% | 38.4% | ||
| Q1 25 | 4.3% | 41.8% | ||
| Q4 24 | 3.0% | 57.4% | ||
| Q3 24 | 5.9% | 47.9% | ||
| Q2 24 | -6.2% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.96 | ||
| Q3 25 | — | $0.85 | ||
| Q2 25 | — | $0.54 | ||
| Q1 25 | — | $0.60 | ||
| Q4 24 | — | $0.79 | ||
| Q3 24 | — | $0.67 | ||
| Q2 24 | — | $0.77 |
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 | $274.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $141.3M | $5.0B |
| Total Assets | $4.4B | $13.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $214.8M | — | ||
| Q3 25 | $236.2M | — | ||
| Q2 25 | $171.1M | — | ||
| Q1 25 | $139.3M | — | ||
| Q4 24 | $195.9M | $560.8M | ||
| Q3 24 | $216.9M | $560.8M | ||
| Q2 24 | $146.7M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | $3.4B | $7.2B | ||
| Q2 25 | $3.2B | $6.9B | ||
| Q1 25 | $3.2B | $6.9B | ||
| Q4 24 | $3.1B | $7.7B | ||
| Q3 24 | $3.2B | $7.4B | ||
| Q2 24 | $3.2B | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $141.3M | $4.6B | ||
| Q3 25 | $169.9M | $4.6B | ||
| Q2 25 | $183.2M | $4.6B | ||
| Q1 25 | $133.9M | $4.2B | ||
| Q4 24 | $140.6M | $4.3B | ||
| Q3 24 | $135.8M | $4.3B | ||
| Q2 24 | $123.4M | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $4.4B | $12.9B | ||
| Q3 25 | $4.6B | $12.8B | ||
| Q2 25 | $4.5B | $12.5B | ||
| Q1 25 | $4.2B | $12.1B | ||
| Q4 24 | $4.2B | $13.1B | ||
| Q3 24 | $4.3B | $12.7B | ||
| Q2 24 | $4.2B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.56× | ||
| Q3 25 | 20.28× | 1.57× | ||
| Q2 25 | 17.57× | 1.51× | ||
| Q1 25 | 23.56× | 1.63× | ||
| Q4 24 | 22.17× | 1.81× | ||
| Q3 24 | 23.51× | 1.74× | ||
| Q2 24 | 26.04× | 1.60× |
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 | — |
| Free Cash FlowOCF − Capex | $124.2M | — |
| FCF MarginFCF / Revenue | 15.9% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $1.1B | ||
| Q3 25 | $61.5M | $240.3M | ||
| Q2 25 | $21.4M | $293.4M | ||
| Q1 25 | $-12.8M | $252.5M | ||
| Q4 24 | $77.0M | $1.1B | ||
| Q3 24 | $168.9M | $270.4M | ||
| Q2 24 | $45.8M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $124.2M | — | ||
| Q3 25 | $46.7M | $183.0M | ||
| Q2 25 | $7.9M | $272.3M | ||
| Q1 25 | $-33.8M | $239.6M | ||
| Q4 24 | $42.4M | $1.1B | ||
| Q3 24 | $141.5M | $261.5M | ||
| Q2 24 | $27.3M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 15.9% | — | ||
| Q3 25 | 5.6% | 46.0% | ||
| Q2 25 | 1.1% | 69.0% | ||
| Q1 25 | -5.1% | 60.6% | ||
| Q4 24 | 5.8% | 275.3% | ||
| Q3 24 | 17.6% | 67.9% | ||
| Q2 24 | 3.9% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | — | ||
| Q3 25 | 1.8% | 14.4% | ||
| Q2 25 | 1.9% | 5.3% | ||
| Q1 25 | 3.2% | 3.3% | ||
| Q4 24 | 4.7% | 0.0% | ||
| Q3 24 | 3.4% | 2.3% | ||
| Q2 24 | 2.6% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.10× | ||
| Q3 25 | 1.76× | 1.00× | ||
| Q2 25 | 0.14× | 1.94× | ||
| Q1 25 | -0.45× | 1.53× | ||
| Q4 24 | 3.45× | 4.80× | ||
| Q3 24 | 3.55× | 1.46× | ||
| Q2 24 | — | 1.21× |
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% |
GLPI
Segment breakdown not available.
