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

LEGGETT & PLATT INC is the larger business by last-quarter revenue ($938.6M vs $778.9M, roughly 1.2× ENERGIZER HOLDINGS, INC.). LEGGETT & PLATT INC runs the higher net margin — 2.7% vs -0.4%, a 3.1% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs -11.2%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($124.2M vs $101.9M). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs -7.5%).

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.

Leggett & Platt (L&P), based in Carthage, Missouri, is an American diversified manufacturer that designs and produces various engineered components and products that can be found in homes and automobiles. The firm was founded in 1883, and consists of 15 business units, 20,000 employee-partners, and 135 manufacturing facilities located in 18 countries.

ENR vs LEG — Head-to-Head

Bigger by revenue
LEG
LEG
1.2× larger
LEG
$938.6M
$778.9M
ENR
Growing faster (revenue YoY)
ENR
ENR
+17.6% gap
ENR
6.5%
-11.2%
LEG
Higher net margin
LEG
LEG
3.1% more per $
LEG
2.7%
-0.4%
ENR
More free cash flow
ENR
ENR
$22.3M more FCF
ENR
$124.2M
$101.9M
LEG
Faster 2-yr revenue CAGR
ENR
ENR
Annualised
ENR
8.4%
-7.5%
LEG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ENR
ENR
LEG
LEG
Revenue
$778.9M
$938.6M
Net Profit
$-3.4M
$25.1M
Gross Margin
32.9%
17.9%
Operating Margin
-0.6%
2.0%
Net Margin
-0.4%
2.7%
Revenue YoY
6.5%
-11.2%
Net Profit YoY
-115.2%
76.8%
EPS (diluted)
$0.18

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
LEG
LEG
Q4 25
$778.9M
$938.6M
Q3 25
$832.8M
$1.0B
Q2 25
$725.3M
$1.1B
Q1 25
$662.9M
$1.0B
Q4 24
$731.7M
$1.1B
Q3 24
$805.7M
$1.1B
Q2 24
$701.4M
$1.1B
Q1 24
$663.3M
$1.1B
Net Profit
ENR
ENR
LEG
LEG
Q4 25
$-3.4M
$25.1M
Q3 25
$34.9M
$127.1M
Q2 25
$153.5M
$52.5M
Q1 25
$28.3M
$30.6M
Q4 24
$22.3M
$14.2M
Q3 24
$47.6M
$44.9M
Q2 24
$-43.8M
$-602.2M
Q1 24
$32.4M
$31.6M
Gross Margin
ENR
ENR
LEG
LEG
Q4 25
32.9%
17.9%
Q3 25
36.6%
18.7%
Q2 25
55.1%
18.2%
Q1 25
39.1%
18.6%
Q4 24
36.8%
16.6%
Q3 24
38.1%
18.2%
Q2 24
39.5%
16.5%
Q1 24
38.2%
17.0%
Operating Margin
ENR
ENR
LEG
LEG
Q4 25
-0.6%
2.0%
Q3 25
6.4%
14.9%
Q2 25
22.6%
6.8%
Q1 25
5.5%
4.4%
Q4 24
4.1%
2.4%
Q3 24
7.4%
5.2%
Q2 24
-8.2%
-56.2%
Q1 24
6.4%
3.9%
Net Margin
ENR
ENR
LEG
LEG
Q4 25
-0.4%
2.7%
Q3 25
4.2%
12.3%
Q2 25
21.2%
5.0%
Q1 25
4.3%
3.0%
Q4 24
3.0%
1.3%
Q3 24
5.9%
4.1%
Q2 24
-6.2%
-53.4%
Q1 24
4.9%
2.9%
EPS (diluted)
ENR
ENR
LEG
LEG
Q4 25
$0.18
Q3 25
$0.91
Q2 25
$0.38
Q1 25
$0.22
Q4 24
$0.10
Q3 24
$0.33
Q2 24
$-4.39
Q1 24
$0.23

Balance Sheet & Financial Strength

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

Metric
ENR
ENR
LEG
LEG
Cash + ST InvestmentsLiquidity on hand
$214.8M
$587.4M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$141.3M
$1.0B
Total Assets
$4.4B
$3.5B
Debt / EquityLower = less leverage
1.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENR
ENR
LEG
LEG
Q4 25
$214.8M
$587.4M
Q3 25
$236.2M
$460.7M
Q2 25
$171.1M
$368.8M
Q1 25
$139.3M
$412.6M
Q4 24
$195.9M
$350.2M
Q3 24
$216.9M
$277.2M
Q2 24
$146.7M
$307.0M
Q1 24
$158.1M
$361.3M
Total Debt
ENR
ENR
LEG
LEG
Q4 25
$1.5B
Q3 25
$3.4B
$1.5B
Q2 25
$3.2B
$1.8B
Q1 25
$3.2B
$1.9B
Q4 24
$3.1B
$1.9B
Q3 24
$3.2B
$1.6B
Q2 24
$3.2B
$1.7B
Q1 24
$3.2B
$1.8B
Stockholders' Equity
ENR
ENR
LEG
LEG
Q4 25
$141.3M
$1.0B
Q3 25
$169.9M
$971.8M
Q2 25
$183.2M
$855.0M
Q1 25
$133.9M
$746.8M
Q4 24
$140.6M
$689.4M
Q3 24
$135.8M
$741.0M
Q2 24
$123.4M
$667.6M
Q1 24
$191.3M
$1.3B
Total Assets
ENR
ENR
LEG
LEG
Q4 25
$4.4B
$3.5B
Q3 25
$4.6B
$3.5B
Q2 25
$4.5B
$3.7B
Q1 25
$4.2B
$3.7B
Q4 24
$4.2B
$3.7B
Q3 24
$4.3B
$3.8B
Q2 24
$4.2B
$3.8B
Q1 24
$4.3B
$4.6B
Debt / Equity
ENR
ENR
LEG
LEG
Q4 25
1.46×
Q3 25
20.28×
1.54×
Q2 25
17.57×
2.10×
Q1 25
23.56×
2.59×
Q4 24
22.17×
2.70×
Q3 24
23.51×
2.13×
Q2 24
26.04×
2.55×
Q1 24
16.86×
1.38×

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
LEG
LEG
Operating Cash FlowLast quarter
$149.5M
$121.5M
Free Cash FlowOCF − Capex
$124.2M
$101.9M
FCF MarginFCF / Revenue
15.9%
10.9%
Capex IntensityCapex / Revenue
3.2%
2.1%
Cash ConversionOCF / Net Profit
4.84×
TTM Free Cash FlowTrailing 4 quarters
$145.0M
$281.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENR
ENR
LEG
LEG
Q4 25
$149.5M
$121.5M
Q3 25
$61.5M
$125.9M
Q2 25
$21.4M
$84.0M
Q1 25
$-12.8M
$6.8M
Q4 24
$77.0M
$122.3M
Q3 24
$168.9M
$95.5M
Q2 24
$45.8M
$94.0M
Q1 24
$36.8M
$-6.1M
Free Cash Flow
ENR
ENR
LEG
LEG
Q4 25
$124.2M
$101.9M
Q3 25
$46.7M
$110.1M
Q2 25
$7.9M
$75.5M
Q1 25
$-33.8M
$-6.5M
Q4 24
$42.4M
$100.5M
Q3 24
$141.5M
$77.1M
Q2 24
$27.3M
$78.5M
Q1 24
$10.3M
$-32.0M
FCF Margin
ENR
ENR
LEG
LEG
Q4 25
15.9%
10.9%
Q3 25
5.6%
10.6%
Q2 25
1.1%
7.1%
Q1 25
-5.1%
-0.6%
Q4 24
5.8%
9.5%
Q3 24
17.6%
7.0%
Q2 24
3.9%
7.0%
Q1 24
1.6%
-2.9%
Capex Intensity
ENR
ENR
LEG
LEG
Q4 25
3.2%
2.1%
Q3 25
1.8%
1.5%
Q2 25
1.9%
0.8%
Q1 25
3.2%
1.3%
Q4 24
4.7%
2.1%
Q3 24
3.4%
1.7%
Q2 24
2.6%
1.4%
Q1 24
4.0%
2.4%
Cash Conversion
ENR
ENR
LEG
LEG
Q4 25
4.84×
Q3 25
1.76×
0.99×
Q2 25
0.14×
1.60×
Q1 25
-0.45×
0.22×
Q4 24
3.45×
8.61×
Q3 24
3.55×
2.13×
Q2 24
Q1 24
1.14×
-0.19×

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%

LEG
LEG

Bedding Products$373.8M40%
Flooring And Textile Products Group$196.9M21%
Automotive Group$194.9M21%
Work Furniture Group$66.2M7%
Home Furniture Group$61.0M6%
Hydraulic Cylinders$45.8M5%

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