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

ENERGIZER HOLDINGS, INC. is the larger business by last-quarter revenue ($778.9M vs $411.1M, roughly 1.9× UiPath, Inc.). UiPath, Inc. runs the higher net margin — 48.4% vs -0.4%, a 48.8% gap on every dollar of revenue. On growth, UiPath, Inc. posted the faster year-over-year revenue change (15.9% vs 6.5%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($124.2M vs $25.1M). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs 0.7%).

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.

UiPath Inc. is a global software company that develops artificial intelligence (AI) and agentic automation and orchestration software. The company's software enables the building and orchestration of AI agents to automate complex processes and workflows.

ENR vs PATH — Head-to-Head

Bigger by revenue
ENR
ENR
1.9× larger
ENR
$778.9M
$411.1M
PATH
Growing faster (revenue YoY)
PATH
PATH
+9.5% gap
PATH
15.9%
6.5%
ENR
Higher net margin
PATH
PATH
48.8% more per $
PATH
48.4%
-0.4%
ENR
More free cash flow
ENR
ENR
$99.1M more FCF
ENR
$124.2M
$25.1M
PATH
Faster 2-yr revenue CAGR
ENR
ENR
Annualised
ENR
8.4%
0.7%
PATH

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
ENR
ENR
PATH
PATH
Revenue
$778.9M
$411.1M
Net Profit
$-3.4M
$198.8M
Gross Margin
32.9%
83.3%
Operating Margin
-0.6%
3.2%
Net Margin
-0.4%
48.4%
Revenue YoY
6.5%
15.9%
Net Profit YoY
-115.2%
1966.2%
EPS (diluted)
$0.37

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
PATH
PATH
Q4 25
$778.9M
$411.1M
Q3 25
$832.8M
$361.7M
Q2 25
$725.3M
$356.6M
Q1 25
$662.9M
$423.6M
Q4 24
$731.7M
$354.7M
Q3 24
$805.7M
$316.3M
Q2 24
$701.4M
$335.1M
Q1 24
$663.3M
$405.3M
Net Profit
ENR
ENR
PATH
PATH
Q4 25
$-3.4M
$198.8M
Q3 25
$34.9M
$1.6M
Q2 25
$153.5M
$-22.6M
Q1 25
$28.3M
$51.8M
Q4 24
$22.3M
$-10.7M
Q3 24
$47.6M
$-86.1M
Q2 24
$-43.8M
$-28.7M
Q1 24
$32.4M
$33.9M
Gross Margin
ENR
ENR
PATH
PATH
Q4 25
32.9%
83.3%
Q3 25
36.6%
82.2%
Q2 25
55.1%
82.1%
Q1 25
39.1%
84.8%
Q4 24
36.8%
82.0%
Q3 24
38.1%
80.0%
Q2 24
39.5%
83.5%
Q1 24
38.2%
86.8%
Operating Margin
ENR
ENR
PATH
PATH
Q4 25
-0.6%
3.2%
Q3 25
6.4%
-5.6%
Q2 25
22.6%
-4.6%
Q1 25
5.5%
7.9%
Q4 24
4.1%
-12.2%
Q3 24
7.4%
-32.7%
Q2 24
-8.2%
-14.8%
Q1 24
6.4%
3.7%
Net Margin
ENR
ENR
PATH
PATH
Q4 25
-0.4%
48.4%
Q3 25
4.2%
0.4%
Q2 25
21.2%
-6.3%
Q1 25
4.3%
12.2%
Q4 24
3.0%
-3.0%
Q3 24
5.9%
-27.2%
Q2 24
-6.2%
-8.6%
Q1 24
4.9%
8.4%
EPS (diluted)
ENR
ENR
PATH
PATH
Q4 25
$0.37
Q3 25
$0.00
Q2 25
$-0.04
Q1 25
$0.09
Q4 24
$-0.02
Q3 24
$-0.15
Q2 24
$-0.05
Q1 24
$0.07

Balance Sheet & Financial Strength

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

Metric
ENR
ENR
PATH
PATH
Cash + ST InvestmentsLiquidity on hand
$214.8M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$141.3M
$1.9B
Total Assets
$4.4B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENR
ENR
PATH
PATH
Q4 25
$214.8M
$1.4B
Q3 25
$236.2M
$1.4B
Q2 25
$171.1M
$1.6B
Q1 25
$139.3M
$1.6B
Q4 24
$195.9M
$1.6B
Q3 24
$216.9M
$1.7B
Q2 24
$146.7M
$1.9B
Q1 24
$158.1M
$1.9B
Total Debt
ENR
ENR
PATH
PATH
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
Stockholders' Equity
ENR
ENR
PATH
PATH
Q4 25
$141.3M
$1.9B
Q3 25
$169.9M
$1.7B
Q2 25
$183.2M
$1.7B
Q1 25
$133.9M
$1.8B
Q4 24
$140.6M
$1.7B
Q3 24
$135.8M
$1.8B
Q2 24
$123.4M
$2.0B
Q1 24
$191.3M
$2.0B
Total Assets
ENR
ENR
PATH
PATH
Q4 25
$4.4B
$2.9B
Q3 25
$4.6B
$2.6B
Q2 25
$4.5B
$2.6B
Q1 25
$4.2B
$2.9B
Q4 24
$4.2B
$2.7B
Q3 24
$4.3B
$2.7B
Q2 24
$4.2B
$2.8B
Q1 24
$4.3B
$3.0B
Debt / Equity
ENR
ENR
PATH
PATH
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
ENR
ENR
PATH
PATH
Operating Cash FlowLast quarter
$149.5M
$28.3M
Free Cash FlowOCF − Capex
$124.2M
$25.1M
FCF MarginFCF / Revenue
15.9%
6.1%
Capex IntensityCapex / Revenue
3.2%
0.8%
Cash ConversionOCF / Net Profit
0.14×
TTM Free Cash FlowTrailing 4 quarters
$145.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENR
ENR
PATH
PATH
Q4 25
$149.5M
$28.3M
Q3 25
$61.5M
$41.6M
Q2 25
$21.4M
$119.0M
Q1 25
$-12.8M
$146.1M
Q4 24
$77.0M
$28.1M
Q3 24
$168.9M
$46.4M
Q2 24
$45.8M
$100.0M
Q1 24
$36.8M
$145.6M
Free Cash Flow
ENR
ENR
PATH
PATH
Q4 25
$124.2M
$25.1M
Q3 25
$46.7M
Q2 25
$7.9M
$106.2M
Q1 25
$-33.8M
$138.7M
Q4 24
$42.4M
$23.2M
Q3 24
$141.5M
$45.0M
Q2 24
$27.3M
$98.8M
Q1 24
$10.3M
$141.8M
FCF Margin
ENR
ENR
PATH
PATH
Q4 25
15.9%
6.1%
Q3 25
5.6%
Q2 25
1.1%
29.8%
Q1 25
-5.1%
32.7%
Q4 24
5.8%
6.5%
Q3 24
17.6%
14.2%
Q2 24
3.9%
29.5%
Q1 24
1.6%
35.0%
Capex Intensity
ENR
ENR
PATH
PATH
Q4 25
3.2%
0.8%
Q3 25
1.8%
0.0%
Q2 25
1.9%
3.6%
Q1 25
3.2%
1.7%
Q4 24
4.7%
1.4%
Q3 24
3.4%
0.4%
Q2 24
2.6%
0.4%
Q1 24
4.0%
0.9%
Cash Conversion
ENR
ENR
PATH
PATH
Q4 25
0.14×
Q3 25
1.76×
26.25×
Q2 25
0.14×
Q1 25
-0.45×
2.82×
Q4 24
3.45×
Q3 24
3.55×
Q2 24
Q1 24
1.14×
4.29×

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%

PATH
PATH

Subscription Services$247.6M60%
License$150.0M36%
Professional Services And Other$13.5M3%

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