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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
OPEN TEXT CORP is the larger business by last-quarter revenue ($1.3B vs $778.9M, roughly 1.7× ENERGIZER HOLDINGS, INC.). OPEN TEXT CORP runs the higher net margin — 12.7% vs -0.4%, a 13.1% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs -0.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $124.2M). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs -4.3%).
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.
Open Text Corporation is a global software company that develops and sells information management software.
ENR vs OTEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $1.3B |
| Net Profit | $-3.4M | $168.1M |
| Gross Margin | 32.9% | 74.0% |
| Operating Margin | -0.6% | 22.0% |
| Net Margin | -0.4% | 12.7% |
| Revenue YoY | 6.5% | -0.6% |
| Net Profit YoY | -115.2% | -26.9% |
| EPS (diluted) | — | $0.66 |
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 | $1.3B | ||
| Q3 25 | $832.8M | $1.3B | ||
| Q2 25 | $725.3M | $1.3B | ||
| Q1 25 | $662.9M | $1.3B | ||
| Q4 24 | $731.7M | $1.3B | ||
| Q3 24 | $805.7M | $1.3B | ||
| Q2 24 | $701.4M | $1.4B | ||
| Q1 24 | $663.3M | $1.4B |
| Q4 25 | $-3.4M | $168.1M | ||
| Q3 25 | $34.9M | $146.6M | ||
| Q2 25 | $153.5M | $28.8M | ||
| Q1 25 | $28.3M | $92.8M | ||
| Q4 24 | $22.3M | $229.9M | ||
| Q3 24 | $47.6M | $84.4M | ||
| Q2 24 | $-43.8M | $248.2M | ||
| Q1 24 | $32.4M | $98.3M |
| Q4 25 | 32.9% | 74.0% | ||
| Q3 25 | 36.6% | 72.8% | ||
| Q2 25 | 55.1% | 72.3% | ||
| Q1 25 | 39.1% | 71.6% | ||
| Q4 24 | 36.8% | 73.3% | ||
| Q3 24 | 38.1% | 71.7% | ||
| Q2 24 | 39.5% | 72.5% | ||
| Q1 24 | 38.2% | 73.0% |
| Q4 25 | -0.6% | 22.0% | ||
| Q3 25 | 6.4% | 21.0% | ||
| Q2 25 | 22.6% | 13.9% | ||
| Q1 25 | 5.5% | 16.7% | ||
| Q4 24 | 4.1% | 22.2% | ||
| Q3 24 | 7.4% | 16.3% | ||
| Q2 24 | -8.2% | 14.2% | ||
| Q1 24 | 6.4% | 15.7% |
| Q4 25 | -0.4% | 12.7% | ||
| Q3 25 | 4.2% | 11.4% | ||
| Q2 25 | 21.2% | 2.2% | ||
| Q1 25 | 4.3% | 7.4% | ||
| Q4 24 | 3.0% | 17.2% | ||
| Q3 24 | 5.9% | 6.6% | ||
| Q2 24 | -6.2% | 18.2% | ||
| Q1 24 | 4.9% | 6.8% |
| Q4 25 | — | $0.66 | ||
| Q3 25 | — | $0.58 | ||
| Q2 25 | — | $0.11 | ||
| Q1 25 | — | $0.35 | ||
| Q4 24 | — | $0.87 | ||
| Q3 24 | — | $0.32 | ||
| Q2 24 | — | $0.91 | ||
| Q1 24 | — | $0.36 |
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 | $1.3B |
| Total DebtLower is stronger | — | $6.4B |
| Stockholders' EquityBook value | $141.3M | $4.0B |
| Total Assets | $4.4B | $13.6B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | $1.3B | ||
| Q3 25 | $236.2M | $1.1B | ||
| Q2 25 | $171.1M | $1.2B | ||
| Q1 25 | $139.3M | $1.3B | ||
| Q4 24 | $195.9M | $1.1B | ||
| Q3 24 | $216.9M | $1.0B | ||
| Q2 24 | $146.7M | $1.3B | ||
| Q1 24 | $158.1M | $1.1B |
| Q4 25 | — | $6.4B | ||
| Q3 25 | $3.4B | $6.4B | ||
| Q2 25 | $3.2B | $6.4B | ||
| Q1 25 | $3.2B | $6.4B | ||
| Q4 24 | $3.1B | $6.4B | ||
| Q3 24 | $3.2B | $6.4B | ||
| Q2 24 | $3.2B | $6.4B | ||
| Q1 24 | $3.2B | $8.4B |
| Q4 25 | $141.3M | $4.0B | ||
| Q3 25 | $169.9M | $4.0B | ||
| Q2 25 | $183.2M | $3.9B | ||
| Q1 25 | $133.9M | $4.1B | ||
| Q4 24 | $140.6M | $4.2B | ||
| Q3 24 | $135.8M | $4.1B | ||
| Q2 24 | $123.4M | $4.2B | ||
| Q1 24 | $191.3M | $4.1B |
| Q4 25 | $4.4B | $13.6B | ||
| Q3 25 | $4.6B | $13.5B | ||
| Q2 25 | $4.5B | $13.8B | ||
| Q1 25 | $4.2B | $13.8B | ||
| Q4 24 | $4.2B | $13.7B | ||
| Q3 24 | $4.3B | $13.8B | ||
| Q2 24 | $4.2B | $14.2B | ||
| Q1 24 | $4.3B | $16.4B |
| Q4 25 | — | 1.58× | ||
| Q3 25 | 20.28× | 1.61× | ||
| Q2 25 | 17.57× | 1.62× | ||
| Q1 25 | 23.56× | 1.55× | ||
| Q4 24 | 22.17× | 1.51× | ||
| Q3 24 | 23.51× | 1.55× | ||
| Q2 24 | 26.04× | 1.52× | ||
| Q1 24 | 16.86× | 2.02× |
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 | $318.7M |
| Free Cash FlowOCF − Capex | $124.2M | $279.4M |
| FCF MarginFCF / Revenue | 15.9% | 21.1% |
| Capex IntensityCapex / Revenue | 3.2% | 3.0% |
| Cash ConversionOCF / Net Profit | — | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $318.7M | ||
| Q3 25 | $61.5M | $147.8M | ||
| Q2 25 | $21.4M | $158.2M | ||
| Q1 25 | $-12.8M | $402.2M | ||
| Q4 24 | $77.0M | $348.0M | ||
| Q3 24 | $168.9M | $-77.8M | ||
| Q2 24 | $45.8M | $185.2M | ||
| Q1 24 | $36.8M | $384.7M |
| Q4 25 | $124.2M | $279.4M | ||
| Q3 25 | $46.7M | $101.2M | ||
| Q2 25 | $7.9M | $124.0M | ||
| Q1 25 | $-33.8M | $373.8M | ||
| Q4 24 | $42.4M | $306.7M | ||
| Q3 24 | $141.5M | $-117.1M | ||
| Q2 24 | $27.3M | $145.2M | ||
| Q1 24 | $10.3M | $348.2M |
| Q4 25 | 15.9% | 21.1% | ||
| Q3 25 | 5.6% | 7.9% | ||
| Q2 25 | 1.1% | 9.5% | ||
| Q1 25 | -5.1% | 29.8% | ||
| Q4 24 | 5.8% | 23.0% | ||
| Q3 24 | 17.6% | -9.2% | ||
| Q2 24 | 3.9% | 10.7% | ||
| Q1 24 | 1.6% | 24.1% |
| Q4 25 | 3.2% | 3.0% | ||
| Q3 25 | 1.8% | 3.6% | ||
| Q2 25 | 1.9% | 2.6% | ||
| Q1 25 | 3.2% | 2.3% | ||
| Q4 24 | 4.7% | 3.1% | ||
| Q3 24 | 3.4% | 3.1% | ||
| Q2 24 | 2.6% | 2.9% | ||
| Q1 24 | 4.0% | 2.5% |
| Q4 25 | — | 1.90× | ||
| Q3 25 | 1.76× | 1.01× | ||
| Q2 25 | 0.14× | 5.49× | ||
| Q1 25 | -0.45× | 4.33× | ||
| Q4 24 | 3.45× | 1.51× | ||
| Q3 24 | 3.55× | -0.92× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | 1.14× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
