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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $778.9M, roughly 2.0× ENERGIZER HOLDINGS, INC.). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs -0.4%, a 13.6% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 6.5%). MERCURY GENERAL CORP produced more free cash flow last quarter ($273.9M vs $124.2M). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% 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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
ENR vs MCY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $1.5B |
| Net Profit | $-3.4M | $202.5M |
| Gross Margin | 32.9% | 99.7% |
| Operating Margin | -0.6% | 16.2% |
| Net Margin | -0.4% | 13.2% |
| Revenue YoY | 6.5% | 12.4% |
| Net Profit YoY | -115.2% | 100.4% |
| EPS (diluted) | — | $3.66 |
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 | $1.5B | ||
| Q3 25 | $832.8M | $1.6B | ||
| Q2 25 | $725.3M | $1.5B | ||
| Q1 25 | $662.9M | $1.4B | ||
| Q4 24 | $731.7M | $1.4B | ||
| Q3 24 | $805.7M | $1.5B | ||
| Q2 24 | $701.4M | $1.3B | ||
| Q1 24 | $663.3M | $1.3B |
| Q4 25 | $-3.4M | $202.5M | ||
| Q3 25 | $34.9M | $280.4M | ||
| Q2 25 | $153.5M | $166.5M | ||
| Q1 25 | $28.3M | $-108.3M | ||
| Q4 24 | $22.3M | $101.1M | ||
| Q3 24 | $47.6M | $230.9M | ||
| Q2 24 | $-43.8M | $62.6M | ||
| Q1 24 | $32.4M | $73.5M |
| Q4 25 | 32.9% | 99.7% | ||
| Q3 25 | 36.6% | 99.8% | ||
| Q2 25 | 55.1% | 99.8% | ||
| Q1 25 | 39.1% | 99.7% | ||
| Q4 24 | 36.8% | 99.7% | ||
| Q3 24 | 38.1% | 99.8% | ||
| Q2 24 | 39.5% | 99.8% | ||
| Q1 24 | 38.2% | 99.7% |
| Q4 25 | -0.6% | 16.2% | ||
| Q3 25 | 6.4% | 22.1% | ||
| Q2 25 | 22.6% | 14.0% | ||
| Q1 25 | 5.5% | -10.2% | ||
| Q4 24 | 4.1% | 9.0% | ||
| Q3 24 | 7.4% | 18.8% | ||
| Q2 24 | -8.2% | 5.8% | ||
| Q1 24 | 6.4% | 7.0% |
| Q4 25 | -0.4% | 13.2% | ||
| Q3 25 | 4.2% | 17.7% | ||
| Q2 25 | 21.2% | 11.3% | ||
| Q1 25 | 4.3% | -7.8% | ||
| Q4 24 | 3.0% | 7.4% | ||
| Q3 24 | 5.9% | 15.1% | ||
| Q2 24 | -6.2% | 4.8% | ||
| Q1 24 | 4.9% | 5.8% |
| Q4 25 | — | $3.66 | ||
| Q3 25 | — | $5.06 | ||
| Q2 25 | — | $3.01 | ||
| Q1 25 | — | $-1.96 | ||
| Q4 24 | — | $1.82 | ||
| Q3 24 | — | $4.17 | ||
| Q2 24 | — | $1.13 | ||
| Q1 24 | — | $1.33 |
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 | — | $575.0M |
| Stockholders' EquityBook value | $141.3M | $2.4B |
| Total Assets | $4.4B | $9.6B |
| Debt / EquityLower = less leverage | — | 0.24× |
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 | — | $575.0M | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.1B | $575.0M | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.2B | — |
| Q4 25 | $141.3M | $2.4B | ||
| Q3 25 | $169.9M | $2.2B | ||
| Q2 25 | $183.2M | $2.0B | ||
| Q1 25 | $133.9M | $1.8B | ||
| Q4 24 | $140.6M | $1.9B | ||
| Q3 24 | $135.8M | $1.9B | ||
| Q2 24 | $123.4M | $1.6B | ||
| Q1 24 | $191.3M | $1.6B |
| Q4 25 | $4.4B | $9.6B | ||
| Q3 25 | $4.6B | $9.4B | ||
| Q2 25 | $4.5B | $9.1B | ||
| Q1 25 | $4.2B | $9.0B | ||
| Q4 24 | $4.2B | $8.3B | ||
| Q3 24 | $4.3B | $8.2B | ||
| Q2 24 | $4.2B | $7.7B | ||
| Q1 24 | $4.3B | $7.4B |
| Q4 25 | — | 0.24× | ||
| Q3 25 | 20.28× | — | ||
| Q2 25 | 17.57× | — | ||
| Q1 25 | 23.56× | — | ||
| Q4 24 | 22.17× | 0.30× | ||
| 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 | $287.9M |
| Free Cash FlowOCF − Capex | $124.2M | $273.9M |
| FCF MarginFCF / Revenue | 15.9% | 17.8% |
| Capex IntensityCapex / Revenue | 3.2% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $287.9M | ||
| Q3 25 | $61.5M | $496.4M | ||
| Q2 25 | $21.4M | $371.6M | ||
| Q1 25 | $-12.8M | $-68.7M | ||
| Q4 24 | $77.0M | $248.3M | ||
| Q3 24 | $168.9M | $318.1M | ||
| Q2 24 | $45.8M | $278.0M | ||
| Q1 24 | $36.8M | $192.6M |
| Q4 25 | $124.2M | $273.9M | ||
| Q3 25 | $46.7M | $479.5M | ||
| Q2 25 | $7.9M | $357.2M | ||
| Q1 25 | $-33.8M | $-81.9M | ||
| Q4 24 | $42.4M | $236.0M | ||
| Q3 24 | $141.5M | $306.2M | ||
| Q2 24 | $27.3M | $266.5M | ||
| Q1 24 | $10.3M | $182.4M |
| Q4 25 | 15.9% | 17.8% | ||
| Q3 25 | 5.6% | 30.3% | ||
| Q2 25 | 1.1% | 24.2% | ||
| Q1 25 | -5.1% | -5.9% | ||
| Q4 24 | 5.8% | 17.3% | ||
| Q3 24 | 17.6% | 20.0% | ||
| Q2 24 | 3.9% | 20.4% | ||
| Q1 24 | 1.6% | 14.3% |
| Q4 25 | 3.2% | 0.9% | ||
| Q3 25 | 1.8% | 1.1% | ||
| Q2 25 | 1.9% | 1.0% | ||
| Q1 25 | 3.2% | 0.9% | ||
| Q4 24 | 4.7% | 0.9% | ||
| Q3 24 | 3.4% | 0.8% | ||
| Q2 24 | 2.6% | 0.9% | ||
| Q1 24 | 4.0% | 0.8% |
| Q4 25 | — | 1.42× | ||
| Q3 25 | 1.76× | 1.77× | ||
| Q2 25 | 0.14× | 2.23× | ||
| Q1 25 | -0.45× | — | ||
| Q4 24 | 3.45× | 2.46× | ||
| Q3 24 | 3.55× | 1.38× | ||
| Q2 24 | — | 4.44× | ||
| Q1 24 | 1.14× | 2.62× |
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% |
MCY
Segment breakdown not available.
