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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.
ENERGIZER HOLDINGS, INC. is the larger business by last-quarter revenue ($778.9M vs $432.7M, roughly 1.8× Koppers Holdings Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -0.4%, a 7.3% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs -9.3%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($124.2M vs $28.5M). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs -6.7%).
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.
Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.
ENR vs KOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $432.7M |
| Net Profit | $-3.4M | $29.7M |
| Gross Margin | 32.9% | 25.6% |
| Operating Margin | -0.6% | 11.5% |
| Net Margin | -0.4% | 6.9% |
| Revenue YoY | 6.5% | -9.3% |
| Net Profit YoY | -115.2% | 391.2% |
| EPS (diluted) | — | $1.44 |
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 | $432.7M | ||
| Q3 25 | $832.8M | $485.3M | ||
| Q2 25 | $725.3M | $504.8M | ||
| Q1 25 | $662.9M | $456.5M | ||
| Q4 24 | $731.7M | $477.0M | ||
| Q3 24 | $805.7M | $554.3M | ||
| Q2 24 | $701.4M | $563.2M | ||
| Q1 24 | $663.3M | $497.6M |
| Q4 25 | $-3.4M | $29.7M | ||
| Q3 25 | $34.9M | $23.8M | ||
| Q2 25 | $153.5M | $16.4M | ||
| Q1 25 | $28.3M | $-13.9M | ||
| Q4 24 | $22.3M | $-10.2M | ||
| Q3 24 | $47.6M | $22.8M | ||
| Q2 24 | $-43.8M | $26.8M | ||
| Q1 24 | $32.4M | $13.0M |
| Q4 25 | 32.9% | 25.6% | ||
| Q3 25 | 36.6% | 24.1% | ||
| Q2 25 | 55.1% | 22.6% | ||
| Q1 25 | 39.1% | 23.2% | ||
| Q4 24 | 36.8% | 17.5% | ||
| Q3 24 | 38.1% | 21.9% | ||
| Q2 24 | 39.5% | 21.6% | ||
| Q1 24 | 38.2% | 19.3% |
| Q4 25 | -0.6% | 11.5% | ||
| Q3 25 | 6.4% | 10.7% | ||
| Q2 25 | 22.6% | 7.7% | ||
| Q1 25 | 5.5% | 5.9% | ||
| Q4 24 | 4.1% | 1.3% | ||
| Q3 24 | 7.4% | 9.0% | ||
| Q2 24 | -8.2% | 10.2% | ||
| Q1 24 | 6.4% | 7.0% |
| Q4 25 | -0.4% | 6.9% | ||
| Q3 25 | 4.2% | 4.9% | ||
| Q2 25 | 21.2% | 3.2% | ||
| Q1 25 | 4.3% | -3.0% | ||
| Q4 24 | 3.0% | -2.1% | ||
| Q3 24 | 5.9% | 4.1% | ||
| Q2 24 | -6.2% | 4.8% | ||
| Q1 24 | 4.9% | 2.6% |
| Q4 25 | — | $1.44 | ||
| Q3 25 | — | $1.17 | ||
| Q2 25 | — | $0.81 | ||
| Q1 25 | — | $-0.68 | ||
| Q4 24 | — | $-0.47 | ||
| Q3 24 | — | $1.09 | ||
| Q2 24 | — | $1.25 | ||
| Q1 24 | — | $0.59 |
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 | — | $928.3M |
| Stockholders' EquityBook value | $141.3M | $574.0M |
| Total Assets | $4.4B | $1.9B |
| Debt / EquityLower = less leverage | — | 1.62× |
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 | — | $928.3M | ||
| Q3 25 | $3.4B | $932.9M | ||
| Q2 25 | $3.2B | $977.5M | ||
| Q1 25 | $3.2B | $989.0M | ||
| Q4 24 | $3.1B | $939.5M | ||
| Q3 24 | $3.2B | $989.4M | ||
| Q2 24 | $3.2B | $1.0B | ||
| Q1 24 | $3.2B | $877.6M |
| Q4 25 | $141.3M | $574.0M | ||
| Q3 25 | $169.9M | $545.6M | ||
| Q2 25 | $183.2M | $526.8M | ||
| Q1 25 | $133.9M | $498.0M | ||
| Q4 24 | $140.6M | $488.7M | ||
| Q3 24 | $135.8M | $532.3M | ||
| Q2 24 | $123.4M | $509.2M | ||
| Q1 24 | $191.3M | $505.8M |
| Q4 25 | $4.4B | $1.9B | ||
| Q3 25 | $4.6B | $1.9B | ||
| Q2 25 | $4.5B | $1.9B | ||
| Q1 25 | $4.2B | $1.9B | ||
| Q4 24 | $4.2B | $1.9B | ||
| Q3 24 | $4.3B | $2.0B | ||
| Q2 24 | $4.2B | $1.9B | ||
| Q1 24 | $4.3B | $1.8B |
| Q4 25 | — | 1.62× | ||
| Q3 25 | 20.28× | 1.71× | ||
| Q2 25 | 17.57× | 1.86× | ||
| Q1 25 | 23.56× | 1.99× | ||
| Q4 24 | 22.17× | 1.92× | ||
| Q3 24 | 23.51× | 1.86× | ||
| Q2 24 | 26.04× | 1.97× | ||
| Q1 24 | 16.86× | 1.74× |
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 | $45.1M |
| Free Cash FlowOCF − Capex | $124.2M | $28.5M |
| FCF MarginFCF / Revenue | 15.9% | 6.6% |
| Capex IntensityCapex / Revenue | 3.2% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $45.1M | ||
| Q3 25 | $61.5M | $49.6M | ||
| Q2 25 | $21.4M | $50.5M | ||
| Q1 25 | $-12.8M | $-22.7M | ||
| Q4 24 | $77.0M | $74.7M | ||
| Q3 24 | $168.9M | $29.8M | ||
| Q2 24 | $45.8M | $27.2M | ||
| Q1 24 | $36.8M | $-12.3M |
| Q4 25 | $124.2M | $28.5M | ||
| Q3 25 | $46.7M | $37.6M | ||
| Q2 25 | $7.9M | $38.4M | ||
| Q1 25 | $-33.8M | $-37.0M | ||
| Q4 24 | $42.4M | $56.1M | ||
| Q3 24 | $141.5M | $14.4M | ||
| Q2 24 | $27.3M | $10.1M | ||
| Q1 24 | $10.3M | $-38.6M |
| Q4 25 | 15.9% | 6.6% | ||
| Q3 25 | 5.6% | 7.7% | ||
| Q2 25 | 1.1% | 7.6% | ||
| Q1 25 | -5.1% | -8.1% | ||
| Q4 24 | 5.8% | 11.8% | ||
| Q3 24 | 17.6% | 2.6% | ||
| Q2 24 | 3.9% | 1.8% | ||
| Q1 24 | 1.6% | -7.8% |
| Q4 25 | 3.2% | 3.8% | ||
| Q3 25 | 1.8% | 2.5% | ||
| Q2 25 | 1.9% | 2.4% | ||
| Q1 25 | 3.2% | 3.1% | ||
| Q4 24 | 4.7% | 3.9% | ||
| Q3 24 | 3.4% | 2.8% | ||
| Q2 24 | 2.6% | 3.0% | ||
| Q1 24 | 4.0% | 5.3% |
| Q4 25 | — | 1.52× | ||
| Q3 25 | 1.76× | 2.08× | ||
| Q2 25 | 0.14× | 3.08× | ||
| Q1 25 | -0.45× | — | ||
| Q4 24 | 3.45× | — | ||
| Q3 24 | 3.55× | 1.31× | ||
| Q2 24 | — | 1.01× | ||
| Q1 24 | 1.14× | -0.95× |
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% |
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
