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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and ON Semiconductor (ON). Click either name above to swap in a different company.
ON Semiconductor is the larger business by last-quarter revenue ($1.6B vs $778.9M, roughly 2.0× ENERGIZER HOLDINGS, INC.). ON Semiconductor runs the higher net margin — 16.4% vs -0.4%, a 16.9% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs -10.0%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $124.2M). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs -12.3%).
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.
Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...
ENR vs ON — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $1.6B |
| Net Profit | $-3.4M | $255.0M |
| Gross Margin | 32.9% | 37.9% |
| Operating Margin | -0.6% | 17.0% |
| Net Margin | -0.4% | 16.4% |
| Revenue YoY | 6.5% | -10.0% |
| Net Profit YoY | -115.2% | -32.9% |
| EPS (diluted) | — | $0.63 |
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 | $1.6B | ||
| Q3 25 | $832.8M | $1.5B | ||
| Q2 25 | $725.3M | $1.4B | ||
| Q1 25 | $662.9M | — | ||
| Q4 24 | $731.7M | $1.7B | ||
| Q3 24 | $805.7M | $1.8B | ||
| Q2 24 | $701.4M | $1.7B | ||
| Q1 24 | $663.3M | $1.9B |
| Q4 25 | $-3.4M | $255.0M | ||
| Q3 25 | $34.9M | $170.3M | ||
| Q2 25 | $153.5M | $-486.1M | ||
| Q1 25 | $28.3M | — | ||
| Q4 24 | $22.3M | $379.9M | ||
| Q3 24 | $47.6M | $401.7M | ||
| Q2 24 | $-43.8M | $338.2M | ||
| Q1 24 | $32.4M | $453.0M |
| Q4 25 | 32.9% | 37.9% | ||
| Q3 25 | 36.6% | 37.6% | ||
| Q2 25 | 55.1% | 20.3% | ||
| Q1 25 | 39.1% | — | ||
| Q4 24 | 36.8% | 45.2% | ||
| Q3 24 | 38.1% | 45.4% | ||
| Q2 24 | 39.5% | 45.2% | ||
| Q1 24 | 38.2% | 45.8% |
| Q4 25 | -0.6% | 17.0% | ||
| Q3 25 | 6.4% | 13.2% | ||
| Q2 25 | 22.6% | -39.7% | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 4.1% | 23.7% | ||
| Q3 24 | 7.4% | 25.3% | ||
| Q2 24 | -8.2% | 22.4% | ||
| Q1 24 | 6.4% | 28.2% |
| Q4 25 | -0.4% | 16.4% | ||
| Q3 25 | 4.2% | 11.6% | ||
| Q2 25 | 21.2% | -33.6% | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 3.0% | 22.1% | ||
| Q3 24 | 5.9% | 22.8% | ||
| Q2 24 | -6.2% | 19.5% | ||
| Q1 24 | 4.9% | 24.3% |
| Q4 25 | — | $0.63 | ||
| Q3 25 | — | $0.41 | ||
| Q2 25 | — | $-1.15 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0.88 | ||
| Q3 24 | — | $0.93 | ||
| Q2 24 | — | $0.78 | ||
| Q1 24 | — | $1.04 |
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 | $2.9B |
| Total DebtLower is stronger | — | $3.4B |
| Stockholders' EquityBook value | $141.3M | $7.9B |
| Total Assets | $4.4B | $13.0B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | $2.9B | ||
| Q3 25 | $236.2M | $2.8B | ||
| Q2 25 | $171.1M | $3.0B | ||
| Q1 25 | $139.3M | — | ||
| Q4 24 | $195.9M | $3.0B | ||
| Q3 24 | $216.9M | $2.8B | ||
| Q2 24 | $146.7M | $2.7B | ||
| Q1 24 | $158.1M | $2.6B |
| Q4 25 | — | $3.4B | ||
| Q3 25 | $3.4B | $3.4B | ||
| Q2 25 | $3.2B | $3.4B | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.1B | $3.4B | ||
| Q3 24 | $3.2B | $3.4B | ||
| Q2 24 | $3.2B | $3.4B | ||
| Q1 24 | $3.2B | $3.4B |
| Q4 25 | $141.3M | $7.9B | ||
| Q3 25 | $169.9M | $7.9B | ||
| Q2 25 | $183.2M | $8.0B | ||
| Q1 25 | $133.9M | — | ||
| Q4 24 | $140.6M | $8.8B | ||
| Q3 24 | $135.8M | $8.6B | ||
| Q2 24 | $123.4M | $8.3B | ||
| Q1 24 | $191.3M | $8.1B |
| Q4 25 | $4.4B | $13.0B | ||
| Q3 25 | $4.6B | $13.1B | ||
| Q2 25 | $4.5B | $13.3B | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.2B | $14.1B | ||
| Q3 24 | $4.3B | $13.9B | ||
| Q2 24 | $4.2B | $13.7B | ||
| Q1 24 | $4.3B | $13.5B |
| Q4 25 | — | 0.43× | ||
| Q3 25 | 20.28× | 0.43× | ||
| Q2 25 | 17.57× | 0.42× | ||
| Q1 25 | 23.56× | — | ||
| Q4 24 | 22.17× | 0.38× | ||
| Q3 24 | 23.51× | 0.39× | ||
| Q2 24 | 26.04× | 0.41× | ||
| Q1 24 | 16.86× | 0.42× |
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 | $418.7M |
| Free Cash FlowOCF − Capex | $124.2M | $372.4M |
| FCF MarginFCF / Revenue | 15.9% | 24.0% |
| Capex IntensityCapex / Revenue | 3.2% | 3.0% |
| Cash ConversionOCF / Net Profit | — | 1.64× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $418.7M | ||
| Q3 25 | $61.5M | $184.3M | ||
| Q2 25 | $21.4M | $602.3M | ||
| Q1 25 | $-12.8M | — | ||
| Q4 24 | $77.0M | $579.7M | ||
| Q3 24 | $168.9M | $465.8M | ||
| Q2 24 | $45.8M | $362.2M | ||
| Q1 24 | $36.8M | $498.7M |
| Q4 25 | $124.2M | $372.4M | ||
| Q3 25 | $46.7M | $106.1M | ||
| Q2 25 | $7.9M | $454.7M | ||
| Q1 25 | $-33.8M | — | ||
| Q4 24 | $42.4M | $434.8M | ||
| Q3 24 | $141.5M | $293.6M | ||
| Q2 24 | $27.3M | $207.7M | ||
| Q1 24 | $10.3M | $276.3M |
| Q4 25 | 15.9% | 24.0% | ||
| Q3 25 | 5.6% | 7.2% | ||
| Q2 25 | 1.1% | 31.5% | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | 5.8% | 25.2% | ||
| Q3 24 | 17.6% | 16.7% | ||
| Q2 24 | 3.9% | 12.0% | ||
| Q1 24 | 1.6% | 14.8% |
| Q4 25 | 3.2% | 3.0% | ||
| Q3 25 | 1.8% | 5.3% | ||
| Q2 25 | 1.9% | 10.2% | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 4.7% | 8.4% | ||
| Q3 24 | 3.4% | 9.8% | ||
| Q2 24 | 2.6% | 8.9% | ||
| Q1 24 | 4.0% | 11.9% |
| Q4 25 | — | 1.64× | ||
| Q3 25 | 1.76× | 1.08× | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | -0.45× | — | ||
| Q4 24 | 3.45× | 1.53× | ||
| Q3 24 | 3.55× | 1.16× | ||
| Q2 24 | — | 1.07× | ||
| Q1 24 | 1.14× | 1.10× |
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% |
ON
| Industrial Segment | $426.3M | 27% |
| Other End Markets Segment | $337.3M | 22% |
| Intelligent Sensing Segments | $284.0M | 18% |
| Direct Customers | $282.4M | 18% |
| Intelligent Sensing Group | $230.0M | 15% |
