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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $778.9M, roughly 1.8× ENERGIZER HOLDINGS, INC.). ENERGIZER HOLDINGS, INC. runs the higher net margin — -0.4% vs -7.3%, a 6.8% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs 3.1%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($124.2M vs $35.0M).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
ENR vs LINE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $1.4B |
| Net Profit | $-3.4M | $-100.0M |
| Gross Margin | 32.9% | 32.3% |
| Operating Margin | -0.6% | 2.5% |
| Net Margin | -0.4% | -7.3% |
| Revenue YoY | 6.5% | 3.1% |
| Net Profit YoY | -115.2% | 79.4% |
| EPS (diluted) | — | $-0.44 |
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 | — | ||
| Q3 25 | $832.8M | $1.4B | ||
| Q2 25 | $725.3M | $1.4B | ||
| Q1 25 | $662.9M | $1.3B | ||
| Q4 24 | $731.7M | $1.3B | ||
| Q3 24 | $805.7M | $1.3B | ||
| Q2 24 | $701.4M | $1.3B | ||
| Q1 24 | $663.3M | $1.3B |
| Q4 25 | $-3.4M | — | ||
| Q3 25 | $34.9M | $-100.0M | ||
| Q2 25 | $153.5M | $-6.0M | ||
| Q1 25 | $28.3M | $0 | ||
| Q4 24 | $22.3M | $-71.0M | ||
| Q3 24 | $47.6M | $-485.0M | ||
| Q2 24 | $-43.8M | $-68.0M | ||
| Q1 24 | $32.4M | $-40.0M |
| Q4 25 | 32.9% | — | ||
| Q3 25 | 36.6% | 32.3% | ||
| Q2 25 | 55.1% | 31.9% | ||
| Q1 25 | 39.1% | 32.2% | ||
| Q4 24 | 36.8% | 32.3% | ||
| Q3 24 | 38.1% | 32.8% | ||
| Q2 24 | 39.5% | 33.4% | ||
| Q1 24 | 38.2% | 33.4% |
| Q4 25 | -0.6% | — | ||
| Q3 25 | 6.4% | 2.5% | ||
| Q2 25 | 22.6% | 1.7% | ||
| Q1 25 | 5.5% | 4.3% | ||
| Q4 24 | 4.1% | -1.6% | ||
| Q3 24 | 7.4% | -38.6% | ||
| Q2 24 | -8.2% | 5.5% | ||
| Q1 24 | 6.4% | 7.6% |
| Q4 25 | -0.4% | — | ||
| Q3 25 | 4.2% | -7.3% | ||
| Q2 25 | 21.2% | -0.4% | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 3.0% | -5.3% | ||
| Q3 24 | 5.9% | -36.3% | ||
| Q2 24 | -6.2% | -5.1% | ||
| Q1 24 | 4.9% | -3.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.44 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $0.01 | ||
| Q4 24 | — | $-0.52 | ||
| Q3 24 | — | $-2.44 | ||
| Q2 24 | — | $-0.46 | ||
| Q1 24 | — | $-0.28 |
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 | — | — |
| Stockholders' EquityBook value | $141.3M | $8.4B |
| Total Assets | $4.4B | $19.2B |
| Debt / EquityLower = less leverage | — | — |
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 | $173.0M | ||
| Q3 24 | $216.9M | $409.0M | ||
| Q2 24 | $146.7M | $73.0M | ||
| Q1 24 | $158.1M | — |
| 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 | — | ||
| Q3 25 | $169.9M | $8.4B | ||
| Q2 25 | $183.2M | $8.6B | ||
| Q1 25 | $133.9M | $8.6B | ||
| Q4 24 | $140.6M | $8.6B | ||
| Q3 24 | $135.8M | $9.0B | ||
| Q2 24 | $123.4M | $4.9B | ||
| Q1 24 | $191.3M | $5.6B |
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.6B | $19.2B | ||
| Q2 25 | $4.5B | $19.4B | ||
| Q1 25 | $4.2B | $18.8B | ||
| Q4 24 | $4.2B | $18.7B | ||
| Q3 24 | $4.3B | $19.3B | ||
| Q2 24 | $4.2B | $18.8B | ||
| Q1 24 | $4.3B | — |
| 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 | $230.0M |
| Free Cash FlowOCF − Capex | $124.2M | $35.0M |
| FCF MarginFCF / Revenue | 15.9% | 2.5% |
| Capex IntensityCapex / Revenue | 3.2% | 14.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | — | ||
| Q3 25 | $61.5M | $230.0M | ||
| Q2 25 | $21.4M | $258.0M | ||
| Q1 25 | $-12.8M | $139.0M | ||
| Q4 24 | $77.0M | — | ||
| Q3 24 | $168.9M | $186.0M | ||
| Q2 24 | $45.8M | $155.0M | ||
| Q1 24 | $36.8M | $105.0M |
| Q4 25 | $124.2M | — | ||
| Q3 25 | $46.7M | $35.0M | ||
| Q2 25 | $7.9M | $95.0M | ||
| Q1 25 | $-33.8M | $-12.0M | ||
| Q4 24 | $42.4M | — | ||
| Q3 24 | $141.5M | $33.0M | ||
| Q2 24 | $27.3M | $-31.0M | ||
| Q1 24 | $10.3M | $-42.0M |
| Q4 25 | 15.9% | — | ||
| Q3 25 | 5.6% | 2.5% | ||
| Q2 25 | 1.1% | 7.0% | ||
| Q1 25 | -5.1% | -0.9% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 17.6% | 2.5% | ||
| Q2 24 | 3.9% | -2.3% | ||
| Q1 24 | 1.6% | -3.2% |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 1.8% | 14.2% | ||
| Q2 25 | 1.9% | 12.1% | ||
| Q1 25 | 3.2% | 11.7% | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 3.4% | 11.5% | ||
| Q2 24 | 2.6% | 13.9% | ||
| Q1 24 | 4.0% | 11.1% |
| Q4 25 | — | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | -0.45× | — | ||
| Q4 24 | 3.45× | — | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.14× | — |
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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
