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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $778.9M, roughly 1.8× ENERGIZER HOLDINGS, INC.). SEALED AIR CORP runs the higher net margin — 3.1% vs -0.4%, a 3.6% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $124.2M). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
ENR vs SEE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $1.4B |
| Net Profit | $-3.4M | $43.8M |
| Gross Margin | 32.9% | 28.6% |
| Operating Margin | -0.6% | 11.4% |
| Net Margin | -0.4% | 3.1% |
| Revenue YoY | 6.5% | 2.6% |
| Net Profit YoY | -115.2% | 700.0% |
| EPS (diluted) | — | $0.30 |
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 | $1.4B | ||
| Q3 25 | $832.8M | $1.3B | ||
| Q2 25 | $725.3M | $1.3B | ||
| Q1 25 | $662.9M | $1.3B | ||
| Q4 24 | $731.7M | $1.4B | ||
| Q3 24 | $805.7M | $1.3B | ||
| Q2 24 | $701.4M | $1.3B | ||
| Q1 24 | $663.3M | $1.3B |
| Q4 25 | $-3.4M | $43.8M | ||
| Q3 25 | $34.9M | $255.1M | ||
| Q2 25 | $153.5M | $93.1M | ||
| Q1 25 | $28.3M | $113.5M | ||
| Q4 24 | $22.3M | $-7.3M | ||
| Q3 24 | $47.6M | $91.7M | ||
| Q2 24 | $-43.8M | $98.3M | ||
| Q1 24 | $32.4M | $82.0M |
| Q4 25 | 32.9% | 28.6% | ||
| Q3 25 | 36.6% | 29.8% | ||
| Q2 25 | 55.1% | 30.7% | ||
| Q1 25 | 39.1% | 30.9% | ||
| Q4 24 | 36.8% | 30.0% | ||
| Q3 24 | 38.1% | 30.1% | ||
| Q2 24 | 39.5% | 31.2% | ||
| Q1 24 | 38.2% | 30.3% |
| Q4 25 | -0.6% | 11.4% | ||
| Q3 25 | 6.4% | 13.8% | ||
| Q2 25 | 22.6% | 15.0% | ||
| Q1 25 | 5.5% | 14.5% | ||
| Q4 24 | 4.1% | 11.7% | ||
| Q3 24 | 7.4% | 13.9% | ||
| Q2 24 | -8.2% | 15.4% | ||
| Q1 24 | 6.4% | 14.0% |
| Q4 25 | -0.4% | 3.1% | ||
| Q3 25 | 4.2% | 19.0% | ||
| Q2 25 | 21.2% | 7.0% | ||
| Q1 25 | 4.3% | 9.0% | ||
| Q4 24 | 3.0% | -0.5% | ||
| Q3 24 | 5.9% | 6.9% | ||
| Q2 24 | -6.2% | 7.4% | ||
| Q1 24 | 4.9% | 6.2% |
| Q4 25 | — | $0.30 | ||
| Q3 25 | — | $1.73 | ||
| Q2 25 | — | $0.63 | ||
| Q1 25 | — | $0.77 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | — | $0.63 | ||
| Q2 24 | — | $0.67 | ||
| Q1 24 | — | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $141.3M | $1.2B |
| Total Assets | $4.4B | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | $344.0M | ||
| Q3 25 | $236.2M | $282.5M | ||
| Q2 25 | $171.1M | $354.4M | ||
| Q1 25 | $139.3M | $335.2M | ||
| Q4 24 | $195.9M | $371.8M | ||
| Q3 24 | $216.9M | $386.0M | ||
| Q2 24 | $146.7M | $388.6M | ||
| Q1 24 | $158.1M | $352.8M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | $3.4B | $4.0B | ||
| Q2 25 | $3.2B | $4.0B | ||
| Q1 25 | $3.2B | $4.2B | ||
| Q4 24 | $3.1B | $4.2B | ||
| Q3 24 | $3.2B | $4.3B | ||
| Q2 24 | $3.2B | $4.4B | ||
| Q1 24 | $3.2B | $4.5B |
| Q4 25 | $141.3M | $1.2B | ||
| Q3 25 | $169.9M | $1.2B | ||
| Q2 25 | $183.2M | $953.1M | ||
| Q1 25 | $133.9M | $797.9M | ||
| Q4 24 | $140.6M | $624.5M | ||
| Q3 24 | $135.8M | $771.2M | ||
| Q2 24 | $123.4M | $650.1M | ||
| Q1 24 | $191.3M | $598.3M |
| Q4 25 | $4.4B | $7.0B | ||
| Q3 25 | $4.6B | $7.1B | ||
| Q2 25 | $4.5B | $7.2B | ||
| Q1 25 | $4.2B | $7.0B | ||
| Q4 24 | $4.2B | $7.0B | ||
| Q3 24 | $4.3B | $7.3B | ||
| Q2 24 | $4.2B | $7.3B | ||
| Q1 24 | $4.3B | $7.2B |
| Q4 25 | — | 2.65× | ||
| Q3 25 | 20.28× | 3.34× | ||
| Q2 25 | 17.57× | 4.18× | ||
| Q1 25 | 23.56× | 5.26× | ||
| Q4 24 | 22.17× | 6.72× | ||
| Q3 24 | 23.51× | 5.62× | ||
| Q2 24 | 26.04× | 6.81× | ||
| Q1 24 | 16.86× | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $124.2M | $257.7M |
| FCF MarginFCF / Revenue | 15.9% | 18.5% |
| Capex IntensityCapex / Revenue | 3.2% | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $293.6M | ||
| Q3 25 | $61.5M | $165.9M | ||
| Q2 25 | $21.4M | $136.6M | ||
| Q1 25 | $-12.8M | $31.9M | ||
| Q4 24 | $77.0M | $244.2M | ||
| Q3 24 | $168.9M | $170.5M | ||
| Q2 24 | $45.8M | $188.2M | ||
| Q1 24 | $36.8M | $125.1M |
| Q4 25 | $124.2M | $257.7M | ||
| Q3 25 | $46.7M | $119.6M | ||
| Q2 25 | $7.9M | $93.2M | ||
| Q1 25 | $-33.8M | $-12.0M | ||
| Q4 24 | $42.4M | $185.1M | ||
| Q3 24 | $141.5M | $115.2M | ||
| Q2 24 | $27.3M | $129.5M | ||
| Q1 24 | $10.3M | $78.0M |
| Q4 25 | 15.9% | 18.5% | ||
| Q3 25 | 5.6% | 8.9% | ||
| Q2 25 | 1.1% | 7.0% | ||
| Q1 25 | -5.1% | -0.9% | ||
| Q4 24 | 5.8% | 13.6% | ||
| Q3 24 | 17.6% | 8.6% | ||
| Q2 24 | 3.9% | 9.7% | ||
| Q1 24 | 1.6% | 5.9% |
| Q4 25 | 3.2% | 2.6% | ||
| Q3 25 | 1.8% | 3.4% | ||
| Q2 25 | 1.9% | 3.3% | ||
| Q1 25 | 3.2% | 3.5% | ||
| Q4 24 | 4.7% | 4.4% | ||
| Q3 24 | 3.4% | 4.1% | ||
| Q2 24 | 2.6% | 4.4% | ||
| Q1 24 | 4.0% | 3.6% |
| Q4 25 | — | 6.70× | ||
| Q3 25 | 1.76× | 0.65× | ||
| Q2 25 | 0.14× | 1.47× | ||
| Q1 25 | -0.45× | 0.28× | ||
| Q4 24 | 3.45× | — | ||
| Q3 24 | 3.55× | 1.86× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | 1.14× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
