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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
ENERGIZER HOLDINGS, INC. is the larger business by last-quarter revenue ($778.9M vs $440.9M, roughly 1.8× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs -0.4%, a 28.2% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs 6.5%). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs 0.9%).
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.
New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
ENR vs NJR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $440.9M |
| Net Profit | $-3.4M | $122.5M |
| Gross Margin | 32.9% | — |
| Operating Margin | -0.6% | 40.6% |
| Net Margin | -0.4% | 27.8% |
| Revenue YoY | 6.5% | 22.8% |
| Net Profit YoY | -115.2% | -6.7% |
| EPS (diluted) | — | $1.21 |
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 | $440.9M | ||
| Q3 25 | $832.8M | $188.3M | ||
| Q2 25 | $725.3M | $234.8M | ||
| Q1 25 | $662.9M | $569.2M | ||
| Q4 24 | $731.7M | $359.0M | ||
| Q3 24 | $805.7M | $265.7M | ||
| Q2 24 | $701.4M | $209.9M | ||
| Q1 24 | $663.3M | $433.2M |
| Q4 25 | $-3.4M | $122.5M | ||
| Q3 25 | $34.9M | $15.1M | ||
| Q2 25 | $153.5M | $-15.1M | ||
| Q1 25 | $28.3M | $204.3M | ||
| Q4 24 | $22.3M | $131.3M | ||
| Q3 24 | $47.6M | $91.1M | ||
| Q2 24 | $-43.8M | $-11.6M | ||
| Q1 24 | $32.4M | $120.8M |
| 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% | 40.6% | ||
| Q3 25 | 6.4% | 21.5% | ||
| Q2 25 | 22.6% | -0.5% | ||
| Q1 25 | 5.5% | 49.2% | ||
| Q4 24 | 4.1% | 52.8% | ||
| Q3 24 | 7.4% | 55.0% | ||
| Q2 24 | -8.2% | 2.8% | ||
| Q1 24 | 6.4% | 39.3% |
| Q4 25 | -0.4% | 27.8% | ||
| Q3 25 | 4.2% | 8.0% | ||
| Q2 25 | 21.2% | -6.4% | ||
| Q1 25 | 4.3% | 35.9% | ||
| Q4 24 | 3.0% | 36.6% | ||
| Q3 24 | 5.9% | 34.3% | ||
| Q2 24 | -6.2% | -5.5% | ||
| Q1 24 | 4.9% | 27.9% |
| Q4 25 | — | $1.21 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $-0.15 | ||
| Q1 25 | — | $2.02 | ||
| Q4 24 | — | $1.31 | ||
| Q3 24 | — | $0.91 | ||
| Q2 24 | — | $-0.12 | ||
| Q1 24 | — | $1.22 |
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 | $2.4M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $141.3M | $2.5B |
| Total Assets | $4.4B | $7.9B |
| Debt / EquityLower = less leverage | — | 1.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | $2.4M | ||
| Q3 25 | $236.2M | $591.0K | ||
| Q2 25 | $171.1M | $931.0K | ||
| Q1 25 | $139.3M | $83.7M | ||
| Q4 24 | $195.9M | $1.9M | ||
| Q3 24 | $216.9M | $1.0M | ||
| Q2 24 | $146.7M | $22.4M | ||
| Q1 24 | $158.1M | $5.0M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | $3.4B | $3.3B | ||
| Q2 25 | $3.2B | $3.0B | ||
| Q1 25 | $3.2B | $3.0B | ||
| Q4 24 | $3.1B | $3.0B | ||
| Q3 24 | $3.2B | $2.9B | ||
| Q2 24 | $3.2B | $2.8B | ||
| Q1 24 | $3.2B | $2.7B |
| Q4 25 | $141.3M | $2.5B | ||
| Q3 25 | $169.9M | $2.4B | ||
| Q2 25 | $183.2M | $2.4B | ||
| Q1 25 | $133.9M | $2.5B | ||
| Q4 24 | $140.6M | $2.3B | ||
| Q3 24 | $135.8M | $2.2B | ||
| Q2 24 | $123.4M | $2.1B | ||
| Q1 24 | $191.3M | $2.2B |
| Q4 25 | $4.4B | $7.9B | ||
| Q3 25 | $4.6B | $7.6B | ||
| Q2 25 | $4.5B | $7.3B | ||
| Q1 25 | $4.2B | $7.3B | ||
| Q4 24 | $4.2B | $7.2B | ||
| Q3 24 | $4.3B | $7.0B | ||
| Q2 24 | $4.2B | $6.8B | ||
| Q1 24 | $4.3B | $6.6B |
| Q4 25 | — | 1.32× | ||
| Q3 25 | 20.28× | 1.36× | ||
| Q2 25 | 17.57× | 1.25× | ||
| Q1 25 | 23.56× | 1.20× | ||
| Q4 24 | 22.17× | 1.29× | ||
| Q3 24 | 23.51× | 1.31× | ||
| Q2 24 | 26.04× | 1.30× | ||
| Q1 24 | 16.86× | 1.25× |
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 | $26.7M |
| Free Cash FlowOCF − Capex | $124.2M | — |
| FCF MarginFCF / Revenue | 15.9% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | — | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $26.7M | ||
| Q3 25 | $61.5M | $81.2M | ||
| Q2 25 | $21.4M | $-28.9M | ||
| Q1 25 | $-12.8M | $423.0M | ||
| Q4 24 | $77.0M | $-9.0M | ||
| Q3 24 | $168.9M | $64.5M | ||
| Q2 24 | $45.8M | $24.3M | ||
| Q1 24 | $36.8M | $292.2M |
| Q4 25 | $124.2M | — | ||
| Q3 25 | $46.7M | — | ||
| Q2 25 | $7.9M | — | ||
| Q1 25 | $-33.8M | — | ||
| Q4 24 | $42.4M | — | ||
| Q3 24 | $141.5M | — | ||
| Q2 24 | $27.3M | — | ||
| Q1 24 | $10.3M | — |
| Q4 25 | 15.9% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 17.6% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 1.6% | — |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 4.0% | — |
| Q4 25 | — | 0.22× | ||
| Q3 25 | 1.76× | 5.39× | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | -0.45× | 2.07× | ||
| Q4 24 | 3.45× | -0.07× | ||
| Q3 24 | 3.55× | 0.71× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.14× | 2.42× |
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% |
NJR
| Residential | $284.1M | 64% |
| Commercialand Industrial | $53.4M | 12% |
| Firm Transportation | $34.7M | 8% |
| Storage And Transportation ST Segment | $28.1M | 6% |
| Home Services And Other HSO | $16.0M | 4% |
| Energy Services ES Segment | $12.8M | 3% |
| Installationand Maintenance | $6.6M | 1% |
| Electricity | $5.6M | 1% |
| Renewable Energy Certificates | $3.7M | 1% |
| Interruptibleand Offtariff | $2.4M | 1% |
