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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
ENERGIZER HOLDINGS, INC. is the larger business by last-quarter revenue ($778.9M vs $430.0M, roughly 1.8× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -0.4%, a 8.1% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $124.2M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
ENR vs PEGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $430.0M |
| Net Profit | $-3.4M | $32.8M |
| Gross Margin | 32.9% | 75.2% |
| Operating Margin | -0.6% | 8.6% |
| Net Margin | -0.4% | 7.6% |
| Revenue YoY | 6.5% | -9.6% |
| Net Profit YoY | -115.2% | — |
| EPS (diluted) | — | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $778.9M | $504.3M | ||
| Q3 25 | $832.8M | $381.4M | ||
| Q2 25 | $725.3M | $384.5M | ||
| Q1 25 | $662.9M | $475.6M | ||
| Q4 24 | $731.7M | $490.8M | ||
| Q3 24 | $805.7M | $325.1M | ||
| Q2 24 | $701.4M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-3.4M | $234.6M | ||
| Q3 25 | $34.9M | $43.4M | ||
| Q2 25 | $153.5M | $30.1M | ||
| Q1 25 | $28.3M | $85.4M | ||
| Q4 24 | $22.3M | $119.1M | ||
| Q3 24 | $47.6M | $-14.4M | ||
| Q2 24 | $-43.8M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 32.9% | 79.5% | ||
| Q3 25 | 36.6% | 72.2% | ||
| Q2 25 | 55.1% | 71.5% | ||
| Q1 25 | 39.1% | 78.5% | ||
| Q4 24 | 36.8% | 79.1% | ||
| Q3 24 | 38.1% | 70.2% | ||
| Q2 24 | 39.5% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | -0.6% | 20.7% | ||
| Q3 25 | 6.4% | 3.8% | ||
| Q2 25 | 22.6% | 4.5% | ||
| Q1 25 | 5.5% | 26.7% | ||
| Q4 24 | 4.1% | 29.1% | ||
| Q3 24 | 7.4% | -3.6% | ||
| Q2 24 | -8.2% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | -0.4% | 46.5% | ||
| Q3 25 | 4.2% | 11.4% | ||
| Q2 25 | 21.2% | 7.8% | ||
| Q1 25 | 4.3% | 18.0% | ||
| Q4 24 | 3.0% | 24.3% | ||
| Q3 24 | 5.9% | -4.4% | ||
| Q2 24 | -6.2% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | — | $0.81 | ||
| Q3 25 | — | $0.24 | ||
| Q2 25 | — | $0.17 | ||
| Q1 25 | — | $0.91 | ||
| Q4 24 | — | $1.35 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $141.3M | $705.9M |
| Total Assets | $4.4B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $214.8M | $425.8M | ||
| Q3 25 | $236.2M | $351.4M | ||
| Q2 25 | $171.1M | $411.6M | ||
| Q1 25 | $139.3M | $371.7M | ||
| Q4 24 | $195.9M | $740.0M | ||
| Q3 24 | $216.9M | $703.0M | ||
| Q2 24 | $146.7M | $665.1M |
| Q1 26 | — | — | ||
| 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 26 | — | $705.9M | ||
| Q4 25 | $141.3M | $787.4M | ||
| Q3 25 | $169.9M | $596.8M | ||
| Q2 25 | $183.2M | $624.5M | ||
| Q1 25 | $133.9M | $611.3M | ||
| Q4 24 | $140.6M | $585.5M | ||
| Q3 24 | $135.8M | $473.0M | ||
| Q2 24 | $123.4M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $4.4B | $1.6B | ||
| Q3 25 | $4.6B | $1.3B | ||
| Q2 25 | $4.5B | $1.3B | ||
| Q1 25 | $4.2B | $1.3B | ||
| Q4 24 | $4.2B | $1.8B | ||
| Q3 24 | $4.3B | $1.6B | ||
| Q2 24 | $4.2B | $1.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $124.2M | $206.5M |
| FCF MarginFCF / Revenue | 15.9% | 48.0% |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $158.4M | ||
| Q3 25 | $61.5M | $56.3M | ||
| Q2 25 | $21.4M | $86.3M | ||
| Q1 25 | $-12.8M | $204.2M | ||
| Q4 24 | $77.0M | $95.2M | ||
| Q3 24 | $168.9M | $30.5M | ||
| Q2 24 | $45.8M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $124.2M | $152.4M | ||
| Q3 25 | $46.7M | $51.8M | ||
| Q2 25 | $7.9M | $84.1M | ||
| Q1 25 | $-33.8M | $202.3M | ||
| Q4 24 | $42.4M | $92.4M | ||
| Q3 24 | $141.5M | $27.4M | ||
| Q2 24 | $27.3M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 15.9% | 30.2% | ||
| Q3 25 | 5.6% | 13.6% | ||
| Q2 25 | 1.1% | 21.9% | ||
| Q1 25 | -5.1% | 42.5% | ||
| Q4 24 | 5.8% | 18.8% | ||
| Q3 24 | 17.6% | 8.4% | ||
| Q2 24 | 3.9% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 1.2% | ||
| Q3 25 | 1.8% | 1.2% | ||
| Q2 25 | 1.9% | 0.6% | ||
| Q1 25 | 3.2% | 0.4% | ||
| Q4 24 | 4.7% | 0.6% | ||
| Q3 24 | 3.4% | 0.9% | ||
| Q2 24 | 2.6% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | 1.76× | 1.30× | ||
| Q2 25 | 0.14× | 2.87× | ||
| Q1 25 | -0.45× | 2.39× | ||
| Q4 24 | 3.45× | 0.80× | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | — | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
