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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.

ENERGIZER HOLDINGS, INC. is the larger business by last-quarter revenue ($778.9M vs $692.4M, roughly 1.1× OCEANEERING INTERNATIONAL INC). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs -0.4%, a 5.7% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs 3.6%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($124.2M vs $-76.5M). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs 1.8%).

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.

Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.

ENR vs OII — Head-to-Head

Bigger by revenue
ENR
ENR
1.1× larger
ENR
$778.9M
$692.4M
OII
Growing faster (revenue YoY)
ENR
ENR
+2.9% gap
ENR
6.5%
3.6%
OII
Higher net margin
OII
OII
5.7% more per $
OII
5.2%
-0.4%
ENR
More free cash flow
ENR
ENR
$200.7M more FCF
ENR
$124.2M
$-76.5M
OII
Faster 2-yr revenue CAGR
ENR
ENR
Annualised
ENR
8.4%
1.8%
OII

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ENR
ENR
OII
OII
Revenue
$778.9M
$692.4M
Net Profit
$-3.4M
$36.1M
Gross Margin
32.9%
Operating Margin
-0.6%
Net Margin
-0.4%
5.2%
Revenue YoY
6.5%
3.6%
Net Profit YoY
-115.2%
-28.3%
EPS (diluted)
$0.36

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.

Revenue
ENR
ENR
OII
OII
Q1 26
$692.4M
Q4 25
$778.9M
$668.6M
Q3 25
$832.8M
$742.9M
Q2 25
$725.3M
$698.2M
Q1 25
$662.9M
$674.5M
Q4 24
$731.7M
$713.5M
Q3 24
$805.7M
$679.8M
Q2 24
$701.4M
$668.8M
Net Profit
ENR
ENR
OII
OII
Q1 26
$36.1M
Q4 25
$-3.4M
$177.7M
Q3 25
$34.9M
$71.3M
Q2 25
$153.5M
$54.4M
Q1 25
$28.3M
$50.4M
Q4 24
$22.3M
$56.1M
Q3 24
$47.6M
$41.2M
Q2 24
$-43.8M
$35.0M
Gross Margin
ENR
ENR
OII
OII
Q1 26
Q4 25
32.9%
19.8%
Q3 25
36.6%
20.6%
Q2 25
55.1%
21.3%
Q1 25
39.1%
20.0%
Q4 24
36.8%
19.9%
Q3 24
38.1%
19.3%
Q2 24
39.5%
18.0%
Operating Margin
ENR
ENR
OII
OII
Q1 26
Q4 25
-0.6%
9.8%
Q3 25
6.4%
11.6%
Q2 25
22.6%
11.3%
Q1 25
5.5%
10.9%
Q4 24
4.1%
10.9%
Q3 24
7.4%
10.5%
Q2 24
-8.2%
9.0%
Net Margin
ENR
ENR
OII
OII
Q1 26
5.2%
Q4 25
-0.4%
26.6%
Q3 25
4.2%
9.6%
Q2 25
21.2%
7.8%
Q1 25
4.3%
7.5%
Q4 24
3.0%
7.9%
Q3 24
5.9%
6.1%
Q2 24
-6.2%
5.2%
EPS (diluted)
ENR
ENR
OII
OII
Q1 26
$0.36
Q4 25
$1.75
Q3 25
$0.71
Q2 25
$0.54
Q1 25
$0.49
Q4 24
$0.55
Q3 24
$0.40
Q2 24
$0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ENR
ENR
OII
OII
Cash + ST InvestmentsLiquidity on hand
$214.8M
Total DebtLower is stronger
$488.8M
Stockholders' EquityBook value
$141.3M
$1.1B
Total Assets
$4.4B
$2.6B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENR
ENR
OII
OII
Q1 26
Q4 25
$214.8M
$695.9M
Q3 25
$236.2M
$7.0M
Q2 25
$171.1M
$7.0M
Q1 25
$139.3M
$7.0M
Q4 24
$195.9M
$504.5M
Q3 24
$216.9M
Q2 24
$146.7M
Total Debt
ENR
ENR
OII
OII
Q1 26
$488.8M
Q4 25
$487.4M
Q3 25
$3.4B
Q2 25
$3.2B
Q1 25
$3.2B
Q4 24
$3.1B
$482.0M
Q3 24
$3.2B
Q2 24
$3.2B
Stockholders' Equity
ENR
ENR
OII
OII
Q1 26
$1.1B
Q4 25
$141.3M
$1.1B
Q3 25
$169.9M
$907.7M
Q2 25
$183.2M
$842.1M
Q1 25
$133.9M
$773.1M
Q4 24
$140.6M
$714.3M
Q3 24
$135.8M
$698.0M
Q2 24
$123.4M
$651.0M
Total Assets
ENR
ENR
OII
OII
Q1 26
$2.6B
Q4 25
$4.4B
$2.7B
Q3 25
$4.6B
$2.5B
Q2 25
$4.5B
$2.3B
Q1 25
$4.2B
$2.3B
Q4 24
$4.2B
$2.3B
Q3 24
$4.3B
$2.4B
Q2 24
$4.2B
$2.3B
Debt / Equity
ENR
ENR
OII
OII
Q1 26
0.44×
Q4 25
0.46×
Q3 25
20.28×
Q2 25
17.57×
Q1 25
23.56×
Q4 24
22.17×
0.67×
Q3 24
23.51×
Q2 24
26.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ENR
ENR
OII
OII
Operating Cash FlowLast quarter
$149.5M
Free Cash FlowOCF − Capex
$124.2M
$-76.5M
FCF MarginFCF / Revenue
15.9%
-11.1%
Capex IntensityCapex / Revenue
3.2%
2.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$145.0M
$238.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENR
ENR
OII
OII
Q1 26
Q4 25
$149.5M
$221.1M
Q3 25
$61.5M
$101.3M
Q2 25
$21.4M
$77.2M
Q1 25
$-12.8M
$-80.7M
Q4 24
$77.0M
$128.4M
Q3 24
$168.9M
$91.9M
Q2 24
$45.8M
$52.6M
Free Cash Flow
ENR
ENR
OII
OII
Q1 26
$-76.5M
Q4 25
$124.2M
$190.7M
Q3 25
$46.7M
$77.0M
Q2 25
$7.9M
$46.9M
Q1 25
$-33.8M
$-106.8M
Q4 24
$42.4M
$94.5M
Q3 24
$141.5M
$67.0M
Q2 24
$27.3M
$29.8M
FCF Margin
ENR
ENR
OII
OII
Q1 26
-11.1%
Q4 25
15.9%
28.5%
Q3 25
5.6%
10.4%
Q2 25
1.1%
6.7%
Q1 25
-5.1%
-15.8%
Q4 24
5.8%
13.2%
Q3 24
17.6%
9.9%
Q2 24
3.9%
4.5%
Capex Intensity
ENR
ENR
OII
OII
Q1 26
2.5%
Q4 25
3.2%
4.6%
Q3 25
1.8%
3.3%
Q2 25
1.9%
4.3%
Q1 25
3.2%
3.9%
Q4 24
4.7%
4.7%
Q3 24
3.4%
3.7%
Q2 24
2.6%
3.4%
Cash Conversion
ENR
ENR
OII
OII
Q1 26
Q4 25
1.24×
Q3 25
1.76×
1.42×
Q2 25
0.14×
1.42×
Q1 25
-0.45×
-1.60×
Q4 24
3.45×
2.29×
Q3 24
3.55×
2.23×
Q2 24
1.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ENR
ENR

Alkaline Batteries$666.5M86%
Auto Care$93.7M12%
Lights$18.7M2%

OII
OII

Segment breakdown not available.

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