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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and Nextpower Inc. (NXT). Click either name above to swap in a different company.
Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $778.9M, roughly 1.2× ENERGIZER HOLDINGS, INC.). Nextpower Inc. runs the higher net margin — 14.4% vs -0.4%, a 14.9% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 6.5%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($124.2M vs $118.5M). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% 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.
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
ENR vs NXT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $909.4M |
| Net Profit | $-3.4M | $131.2M |
| Gross Margin | 32.9% | 31.7% |
| Operating Margin | -0.6% | 19.4% |
| Net Margin | -0.4% | 14.4% |
| Revenue YoY | 6.5% | 33.9% |
| Net Profit YoY | -115.2% | 13.8% |
| EPS (diluted) | — | $0.85 |
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 | $909.4M | ||
| Q3 25 | $832.8M | $905.3M | ||
| Q2 25 | $725.3M | $864.3M | ||
| Q1 25 | $662.9M | $924.3M | ||
| Q4 24 | $731.7M | $679.4M | ||
| Q3 24 | $805.7M | $635.6M | ||
| Q2 24 | $701.4M | $719.9M | ||
| Q1 24 | $663.3M | $736.5M |
| Q4 25 | $-3.4M | $131.2M | ||
| Q3 25 | $34.9M | $146.9M | ||
| Q2 25 | $153.5M | $157.2M | ||
| Q1 25 | $28.3M | $156.8M | ||
| Q4 24 | $22.3M | $115.3M | ||
| Q3 24 | $47.6M | $115.4M | ||
| Q2 24 | $-43.8M | $121.7M | ||
| Q1 24 | $32.4M | $205.2M |
| Q4 25 | 32.9% | 31.7% | ||
| Q3 25 | 36.6% | 32.4% | ||
| Q2 25 | 55.1% | 32.6% | ||
| Q1 25 | 39.1% | 33.1% | ||
| Q4 24 | 36.8% | 35.5% | ||
| Q3 24 | 38.1% | 35.4% | ||
| Q2 24 | 39.5% | 33.0% | ||
| Q1 24 | 38.2% | 46.2% |
| Q4 25 | -0.6% | 19.4% | ||
| Q3 25 | 6.4% | 20.0% | ||
| Q2 25 | 22.6% | 21.5% | ||
| Q1 25 | 5.5% | 21.1% | ||
| Q4 24 | 4.1% | 22.1% | ||
| Q3 24 | 7.4% | 21.0% | ||
| Q2 24 | -8.2% | 22.2% | ||
| Q1 24 | 6.4% | 36.8% |
| Q4 25 | -0.4% | 14.4% | ||
| Q3 25 | 4.2% | 16.2% | ||
| Q2 25 | 21.2% | 18.2% | ||
| Q1 25 | 4.3% | 17.0% | ||
| Q4 24 | 3.0% | 17.0% | ||
| Q3 24 | 5.9% | 18.2% | ||
| Q2 24 | -6.2% | 16.9% | ||
| Q1 24 | 4.9% | 27.9% |
| Q4 25 | — | $0.85 | ||
| Q3 25 | — | $0.97 | ||
| Q2 25 | — | $1.04 | ||
| Q1 25 | — | $1.05 | ||
| Q4 24 | — | $0.79 | ||
| Q3 24 | — | $0.79 | ||
| Q2 24 | — | $0.84 | ||
| Q1 24 | — | $1.52 |
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 | $952.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $141.3M | $2.2B |
| Total Assets | $4.4B | $3.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | $952.6M | ||
| Q3 25 | $236.2M | $845.3M | ||
| Q2 25 | $171.1M | $743.4M | ||
| Q1 25 | $139.3M | $766.1M | ||
| Q4 24 | $195.9M | $693.5M | ||
| Q3 24 | $216.9M | $561.9M | ||
| Q2 24 | $146.7M | $471.9M | ||
| Q1 24 | $158.1M | $474.1M |
| 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 | $2.2B | ||
| Q3 25 | $169.9M | $2.0B | ||
| Q2 25 | $183.2M | $1.8B | ||
| Q1 25 | $133.9M | $1.6B | ||
| Q4 24 | $140.6M | $1.4B | ||
| Q3 24 | $135.8M | $1.3B | ||
| Q2 24 | $123.4M | $1.1B | ||
| Q1 24 | $191.3M | $961.0M |
| Q4 25 | $4.4B | $3.8B | ||
| Q3 25 | $4.6B | $3.7B | ||
| Q2 25 | $4.5B | $3.4B | ||
| Q1 25 | $4.2B | $3.2B | ||
| Q4 24 | $4.2B | $3.0B | ||
| Q3 24 | $4.3B | $2.8B | ||
| Q2 24 | $4.2B | $2.6B | ||
| Q1 24 | $4.3B | $2.5B |
| 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 | $123.3M |
| Free Cash FlowOCF − Capex | $124.2M | $118.5M |
| FCF MarginFCF / Revenue | 15.9% | 13.0% |
| Capex IntensityCapex / Revenue | 3.2% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.94× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $587.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $123.3M | ||
| Q3 25 | $61.5M | $186.9M | ||
| Q2 25 | $21.4M | $81.3M | ||
| Q1 25 | $-12.8M | $237.3M | ||
| Q4 24 | $77.0M | $143.8M | ||
| Q3 24 | $168.9M | $153.8M | ||
| Q2 24 | $45.8M | $120.8M | ||
| Q1 24 | $36.8M | $111.5M |
| Q4 25 | $124.2M | $118.5M | ||
| Q3 25 | $46.7M | $171.4M | ||
| Q2 25 | $7.9M | $70.1M | ||
| Q1 25 | $-33.8M | $227.2M | ||
| Q4 24 | $42.4M | $134.9M | ||
| Q3 24 | $141.5M | $141.8M | ||
| Q2 24 | $27.3M | $118.0M | ||
| Q1 24 | $10.3M | $109.2M |
| Q4 25 | 15.9% | 13.0% | ||
| Q3 25 | 5.6% | 18.9% | ||
| Q2 25 | 1.1% | 8.1% | ||
| Q1 25 | -5.1% | 24.6% | ||
| Q4 24 | 5.8% | 19.9% | ||
| Q3 24 | 17.6% | 22.3% | ||
| Q2 24 | 3.9% | 16.4% | ||
| Q1 24 | 1.6% | 14.8% |
| Q4 25 | 3.2% | 0.5% | ||
| Q3 25 | 1.8% | 1.7% | ||
| Q2 25 | 1.9% | 1.3% | ||
| Q1 25 | 3.2% | 1.1% | ||
| Q4 24 | 4.7% | 1.3% | ||
| Q3 24 | 3.4% | 1.9% | ||
| Q2 24 | 2.6% | 0.4% | ||
| Q1 24 | 4.0% | 0.3% |
| Q4 25 | — | 0.94× | ||
| Q3 25 | 1.76× | 1.27× | ||
| Q2 25 | 0.14× | 0.52× | ||
| Q1 25 | -0.45× | 1.51× | ||
| Q4 24 | 3.45× | 1.25× | ||
| Q3 24 | 3.55× | 1.33× | ||
| Q2 24 | — | 0.99× | ||
| Q1 24 | 1.14× | 0.54× |
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% |
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
