vs
Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $778.9M, roughly 1.1× ENERGIZER HOLDINGS, INC.). MSCI Inc. runs the higher net margin — 34.6% vs -0.4%, a 35.0% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 6.5%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $124.2M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% 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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
ENR vs MSCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $822.5M |
| Net Profit | $-3.4M | $284.7M |
| Gross Margin | 32.9% | — |
| Operating Margin | -0.6% | 56.4% |
| Net Margin | -0.4% | 34.6% |
| Revenue YoY | 6.5% | 10.6% |
| Net Profit YoY | -115.2% | -6.8% |
| EPS (diluted) | — | $3.81 |
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 | $822.5M | ||
| Q3 25 | $832.8M | $793.4M | ||
| Q2 25 | $725.3M | $772.7M | ||
| Q1 25 | $662.9M | $745.8M | ||
| Q4 24 | $731.7M | $743.5M | ||
| Q3 24 | $805.7M | $724.7M | ||
| Q2 24 | $701.4M | $707.9M | ||
| Q1 24 | $663.3M | $680.0M |
| Q4 25 | $-3.4M | $284.7M | ||
| Q3 25 | $34.9M | $325.4M | ||
| Q2 25 | $153.5M | $303.6M | ||
| Q1 25 | $28.3M | $288.6M | ||
| Q4 24 | $22.3M | $305.5M | ||
| Q3 24 | $47.6M | $280.9M | ||
| Q2 24 | $-43.8M | $266.8M | ||
| Q1 24 | $32.4M | $256.0M |
| Q4 25 | 32.9% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 55.1% | — | ||
| Q1 25 | 39.1% | — | ||
| Q4 24 | 36.8% | — | ||
| Q3 24 | 38.1% | — | ||
| Q2 24 | 39.5% | — | ||
| Q1 24 | 38.2% | — |
| Q4 25 | -0.6% | 56.4% | ||
| Q3 25 | 6.4% | 56.4% | ||
| Q2 25 | 22.6% | 55.0% | ||
| Q1 25 | 5.5% | 50.6% | ||
| Q4 24 | 4.1% | 54.5% | ||
| Q3 24 | 7.4% | 55.4% | ||
| Q2 24 | -8.2% | 54.0% | ||
| Q1 24 | 6.4% | 49.9% |
| Q4 25 | -0.4% | 34.6% | ||
| Q3 25 | 4.2% | 41.0% | ||
| Q2 25 | 21.2% | 39.3% | ||
| Q1 25 | 4.3% | 38.7% | ||
| Q4 24 | 3.0% | 41.1% | ||
| Q3 24 | 5.9% | 38.8% | ||
| Q2 24 | -6.2% | 37.7% | ||
| Q1 24 | 4.9% | 37.6% |
| Q4 25 | — | $3.81 | ||
| Q3 25 | — | $4.25 | ||
| Q2 25 | — | $3.92 | ||
| Q1 25 | — | $3.71 | ||
| Q4 24 | — | $3.89 | ||
| Q3 24 | — | $3.57 | ||
| Q2 24 | — | $3.37 | ||
| Q1 24 | — | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $141.3M | $-2.7B |
| Total Assets | $4.4B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | $515.3M | ||
| Q3 25 | $236.2M | $400.1M | ||
| Q2 25 | $171.1M | $347.3M | ||
| Q1 25 | $139.3M | $360.7M | ||
| Q4 24 | $195.9M | $409.4M | ||
| Q3 24 | $216.9M | $501.0M | ||
| Q2 24 | $146.7M | $451.4M | ||
| Q1 24 | $158.1M | $519.3M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | $3.4B | $5.5B | ||
| Q2 25 | $3.2B | $4.5B | ||
| Q1 25 | $3.2B | $4.5B | ||
| Q4 24 | $3.1B | $4.5B | ||
| Q3 24 | $3.2B | $4.5B | ||
| Q2 24 | $3.2B | $4.5B | ||
| Q1 24 | $3.2B | $4.5B |
| Q4 25 | $141.3M | $-2.7B | ||
| Q3 25 | $169.9M | $-1.9B | ||
| Q2 25 | $183.2M | $-886.2M | ||
| Q1 25 | $133.9M | $-958.6M | ||
| Q4 24 | $140.6M | $-940.0M | ||
| Q3 24 | $135.8M | $-751.0M | ||
| Q2 24 | $123.4M | $-734.5M | ||
| Q1 24 | $191.3M | $-650.5M |
| Q4 25 | $4.4B | $5.7B | ||
| Q3 25 | $4.6B | $5.4B | ||
| Q2 25 | $4.5B | $5.4B | ||
| Q1 25 | $4.2B | $5.3B | ||
| Q4 24 | $4.2B | $5.4B | ||
| Q3 24 | $4.3B | $5.4B | ||
| Q2 24 | $4.2B | $5.5B | ||
| Q1 24 | $4.3B | $5.5B |
| 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 | $501.1M |
| Free Cash FlowOCF − Capex | $124.2M | $488.7M |
| FCF MarginFCF / Revenue | 15.9% | 59.4% |
| Capex IntensityCapex / Revenue | 3.2% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $501.1M | ||
| Q3 25 | $61.5M | $449.4M | ||
| Q2 25 | $21.4M | $336.1M | ||
| Q1 25 | $-12.8M | $301.7M | ||
| Q4 24 | $77.0M | $430.6M | ||
| Q3 24 | $168.9M | $421.6M | ||
| Q2 24 | $45.8M | $349.2M | ||
| Q1 24 | $36.8M | $300.1M |
| Q4 25 | $124.2M | $488.7M | ||
| Q3 25 | $46.7M | $445.5M | ||
| Q2 25 | $7.9M | $324.7M | ||
| Q1 25 | $-33.8M | $290.2M | ||
| Q4 24 | $42.4M | $416.4M | ||
| Q3 24 | $141.5M | $415.0M | ||
| Q2 24 | $27.3M | $340.6M | ||
| Q1 24 | $10.3M | $295.9M |
| Q4 25 | 15.9% | 59.4% | ||
| Q3 25 | 5.6% | 56.2% | ||
| Q2 25 | 1.1% | 42.0% | ||
| Q1 25 | -5.1% | 38.9% | ||
| Q4 24 | 5.8% | 56.0% | ||
| Q3 24 | 17.6% | 57.3% | ||
| Q2 24 | 3.9% | 48.1% | ||
| Q1 24 | 1.6% | 43.5% |
| Q4 25 | 3.2% | 1.5% | ||
| Q3 25 | 1.8% | 0.5% | ||
| Q2 25 | 1.9% | 1.5% | ||
| Q1 25 | 3.2% | 1.5% | ||
| Q4 24 | 4.7% | 1.9% | ||
| Q3 24 | 3.4% | 0.9% | ||
| Q2 24 | 2.6% | 1.2% | ||
| Q1 24 | 4.0% | 0.6% |
| Q4 25 | — | 1.76× | ||
| Q3 25 | 1.76× | 1.38× | ||
| Q2 25 | 0.14× | 1.11× | ||
| Q1 25 | -0.45× | 1.05× | ||
| Q4 24 | 3.45× | 1.41× | ||
| Q3 24 | 3.55× | 1.50× | ||
| Q2 24 | — | 1.31× | ||
| Q1 24 | 1.14× | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
