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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $778.9M, roughly 1.0× ENERGIZER HOLDINGS, INC.). ENERGIZER HOLDINGS, INC. runs the higher net margin — -0.4% vs -4.3%, a 3.9% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 6.5%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($124.2M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 8.4%).
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.
ENR vs MAGN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $792.0M |
| Net Profit | $-3.4M | $-34.0M |
| Gross Margin | 32.9% | 12.2% |
| Operating Margin | -0.6% | 1.8% |
| Net Margin | -0.4% | -4.3% |
| Revenue YoY | 6.5% | 12.8% |
| Net Profit YoY | -115.2% | 43.3% |
| EPS (diluted) | — | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $832.8M | — | ||
| Q2 25 | $725.3M | $839.0M | ||
| Q1 25 | $662.9M | $824.0M | ||
| Q4 24 | $731.7M | $702.0M | ||
| Q3 24 | $805.7M | $332.1M | ||
| Q2 24 | $701.4M | $556.0M | ||
| Q1 24 | $663.3M | $558.0M |
| Q4 25 | $-3.4M | $-34.0M | ||
| Q3 25 | $34.9M | — | ||
| Q2 25 | $153.5M | $-18.0M | ||
| Q1 25 | $28.3M | $-41.0M | ||
| Q4 24 | $22.3M | $-60.0M | ||
| Q3 24 | $47.6M | $-15.2M | ||
| Q2 24 | $-43.8M | $19.0M | ||
| Q1 24 | $32.4M | $14.0M |
| Q4 25 | 32.9% | 12.2% | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 55.1% | 10.7% | ||
| Q1 25 | 39.1% | 10.7% | ||
| Q4 24 | 36.8% | 10.1% | ||
| Q3 24 | 38.1% | 10.7% | ||
| Q2 24 | 39.5% | 6.6% | ||
| Q1 24 | 38.2% | 6.2% |
| Q4 25 | -0.6% | 1.8% | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 22.6% | 1.5% | ||
| Q1 25 | 5.5% | 0.5% | ||
| Q4 24 | 4.1% | -3.1% | ||
| Q3 24 | 7.4% | 0.9% | ||
| Q2 24 | -8.2% | 3.1% | ||
| Q1 24 | 6.4% | 3.8% |
| Q4 25 | -0.4% | -4.3% | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 21.2% | -2.1% | ||
| Q1 25 | 4.3% | -5.0% | ||
| Q4 24 | 3.0% | -8.5% | ||
| Q3 24 | 5.9% | -4.6% | ||
| Q2 24 | -6.2% | 3.4% | ||
| Q1 24 | 4.9% | 2.5% |
| Q4 25 | — | $-0.95 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-0.51 | ||
| Q1 25 | — | $-1.15 | ||
| Q4 24 | — | $-1.69 | ||
| Q3 24 | — | $-0.33 | ||
| Q2 24 | — | $0.60 | ||
| Q1 24 | — | $0.44 |
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 | $264.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $141.3M | $1.0B |
| Total Assets | $4.4B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | $264.0M | ||
| Q3 25 | $236.2M | — | ||
| Q2 25 | $171.1M | $276.0M | ||
| Q1 25 | $139.3M | $282.0M | ||
| Q4 24 | $195.9M | $215.0M | ||
| Q3 24 | $216.9M | $230.0M | ||
| Q2 24 | $146.7M | $33.9M | ||
| Q1 24 | $158.1M | $30.2M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.2B | $2.0B | ||
| Q1 25 | $3.2B | $2.0B | ||
| Q4 24 | $3.1B | $2.0B | ||
| Q3 24 | $3.2B | $2.0B | ||
| Q2 24 | $3.2B | $877.4M | ||
| Q1 24 | $3.2B | $884.7M |
| Q4 25 | $141.3M | $1.0B | ||
| Q3 25 | $169.9M | — | ||
| Q2 25 | $183.2M | $1.1B | ||
| Q1 25 | $133.9M | $1.1B | ||
| Q4 24 | $140.6M | $1.1B | ||
| Q3 24 | $135.8M | $2.1B | ||
| Q2 24 | $123.4M | $2.4B | ||
| Q1 24 | $191.3M | $2.4B |
| Q4 25 | $4.4B | $3.9B | ||
| Q3 25 | $4.6B | — | ||
| Q2 25 | $4.5B | $4.1B | ||
| Q1 25 | $4.2B | $4.1B | ||
| Q4 24 | $4.2B | $4.0B | ||
| Q3 24 | $4.3B | $2.8B | ||
| Q2 24 | $4.2B | $1.5B | ||
| Q1 24 | $4.3B | $1.5B |
| Q4 25 | — | 1.86× | ||
| Q3 25 | 20.28× | — | ||
| Q2 25 | 17.57× | 1.77× | ||
| Q1 25 | 23.56× | 1.83× | ||
| Q4 24 | 22.17× | 1.80× | ||
| Q3 24 | 23.51× | 0.91× | ||
| Q2 24 | 26.04× | 0.37× | ||
| Q1 24 | 16.86× | 0.36× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | $124.2M | $-13.0M |
| FCF MarginFCF / Revenue | 15.9% | -1.6% |
| Capex IntensityCapex / Revenue | 3.2% | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $2.0M | ||
| Q3 25 | $61.5M | — | ||
| Q2 25 | $21.4M | $0 | ||
| Q1 25 | $-12.8M | $65.0M | ||
| Q4 24 | $77.0M | $-58.0M | ||
| Q3 24 | $168.9M | $12.2M | ||
| Q2 24 | $45.8M | $38.0M | ||
| Q1 24 | $36.8M | $20.0M |
| Q4 25 | $124.2M | $-13.0M | ||
| Q3 25 | $46.7M | — | ||
| Q2 25 | $7.9M | — | ||
| Q1 25 | $-33.8M | $42.0M | ||
| Q4 24 | $42.4M | $-74.0M | ||
| Q3 24 | $141.5M | $3.6M | ||
| Q2 24 | $27.3M | $23.0M | ||
| Q1 24 | $10.3M | $12.5M |
| Q4 25 | 15.9% | -1.6% | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | -5.1% | 5.1% | ||
| Q4 24 | 5.8% | -10.5% | ||
| Q3 24 | 17.6% | 1.1% | ||
| Q2 24 | 3.9% | 4.1% | ||
| Q1 24 | 1.6% | 2.2% |
| Q4 25 | 3.2% | 1.9% | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.9% | 1.5% | ||
| Q1 25 | 3.2% | 2.8% | ||
| Q4 24 | 4.7% | 2.3% | ||
| Q3 24 | 3.4% | 2.6% | ||
| Q2 24 | 2.6% | 2.7% | ||
| Q1 24 | 4.0% | 1.3% |
| Q4 25 | — | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | -0.45× | — | ||
| Q4 24 | 3.45× | — | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | — | 2.00× | ||
| Q1 24 | 1.14× | 1.43× |
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% |
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
