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

Teradyne is the larger business by last-quarter revenue ($1.3B vs $778.9M, roughly 1.6× ENERGIZER HOLDINGS, INC.). Teradyne runs the higher net margin — 31.1% vs -0.4%, a 31.5% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 6.5%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% 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.

Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.

ENR vs TER — Head-to-Head

Bigger by revenue
TER
TER
1.6× larger
TER
$1.3B
$778.9M
ENR
Growing faster (revenue YoY)
TER
TER
+80.6% gap
TER
87.0%
6.5%
ENR
Higher net margin
TER
TER
31.5% more per $
TER
31.1%
-0.4%
ENR
Faster 2-yr revenue CAGR
TER
TER
Annualised
TER
32.6%
8.4%
ENR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ENR
ENR
TER
TER
Revenue
$778.9M
$1.3B
Net Profit
$-3.4M
$398.9M
Gross Margin
32.9%
60.9%
Operating Margin
-0.6%
36.9%
Net Margin
-0.4%
31.1%
Revenue YoY
6.5%
87.0%
Net Profit YoY
-115.2%
EPS (diluted)
$2.53

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
TER
TER
Q1 26
$1.3B
Q4 25
$778.9M
$1.1B
Q3 25
$832.8M
$769.2M
Q2 25
$725.3M
$651.8M
Q1 25
$662.9M
$685.7M
Q4 24
$731.7M
$752.9M
Q3 24
$805.7M
$737.3M
Q2 24
$701.4M
$729.9M
Net Profit
ENR
ENR
TER
TER
Q1 26
$398.9M
Q4 25
$-3.4M
$257.2M
Q3 25
$34.9M
$119.6M
Q2 25
$153.5M
$78.4M
Q1 25
$28.3M
$98.9M
Q4 24
$22.3M
$146.3M
Q3 24
$47.6M
$145.6M
Q2 24
$-43.8M
$186.3M
Gross Margin
ENR
ENR
TER
TER
Q1 26
60.9%
Q4 25
32.9%
57.2%
Q3 25
36.6%
58.4%
Q2 25
55.1%
57.2%
Q1 25
39.1%
60.6%
Q4 24
36.8%
59.4%
Q3 24
38.1%
59.2%
Q2 24
39.5%
58.3%
Operating Margin
ENR
ENR
TER
TER
Q1 26
36.9%
Q4 25
-0.6%
27.1%
Q3 25
6.4%
18.9%
Q2 25
22.6%
13.9%
Q1 25
5.5%
17.6%
Q4 24
4.1%
20.4%
Q3 24
7.4%
20.6%
Q2 24
-8.2%
28.8%
Net Margin
ENR
ENR
TER
TER
Q1 26
31.1%
Q4 25
-0.4%
23.7%
Q3 25
4.2%
15.5%
Q2 25
21.2%
12.0%
Q1 25
4.3%
14.4%
Q4 24
3.0%
19.4%
Q3 24
5.9%
19.8%
Q2 24
-6.2%
25.5%
EPS (diluted)
ENR
ENR
TER
TER
Q1 26
$2.53
Q4 25
$1.62
Q3 25
$0.75
Q2 25
$0.49
Q1 25
$0.61
Q4 24
$0.89
Q3 24
$0.89
Q2 24
$1.14

Balance Sheet & Financial Strength

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

Metric
ENR
ENR
TER
TER
Cash + ST InvestmentsLiquidity on hand
$214.8M
$241.9M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$141.3M
Total Assets
$4.4B
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENR
ENR
TER
TER
Q1 26
$241.9M
Q4 25
$214.8M
$293.8M
Q3 25
$236.2M
$272.7M
Q2 25
$171.1M
$339.3M
Q1 25
$139.3M
$475.6M
Q4 24
$195.9M
$553.4M
Q3 24
$216.9M
$510.0M
Q2 24
$146.7M
$421.9M
Total Debt
ENR
ENR
TER
TER
Q1 26
$0
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
Stockholders' Equity
ENR
ENR
TER
TER
Q1 26
Q4 25
$141.3M
$2.8B
Q3 25
$169.9M
$2.7B
Q2 25
$183.2M
$2.8B
Q1 25
$133.9M
$2.8B
Q4 24
$140.6M
$2.8B
Q3 24
$135.8M
$2.9B
Q2 24
$123.4M
$2.7B
Total Assets
ENR
ENR
TER
TER
Q1 26
$4.4B
Q4 25
$4.4B
$4.2B
Q3 25
$4.6B
$4.0B
Q2 25
$4.5B
$3.8B
Q1 25
$4.2B
$3.7B
Q4 24
$4.2B
$3.7B
Q3 24
$4.3B
$3.8B
Q2 24
$4.2B
$3.6B
Debt / Equity
ENR
ENR
TER
TER
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
ENR
ENR
TER
TER
Operating Cash FlowLast quarter
$149.5M
$265.1M
Free Cash FlowOCF − Capex
$124.2M
FCF MarginFCF / Revenue
15.9%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
0.66×
TTM Free Cash FlowTrailing 4 quarters
$145.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENR
ENR
TER
TER
Q1 26
$265.1M
Q4 25
$149.5M
$281.6M
Q3 25
$61.5M
$49.0M
Q2 25
$21.4M
$182.1M
Q1 25
$-12.8M
$161.6M
Q4 24
$77.0M
$282.6M
Q3 24
$168.9M
$166.3M
Q2 24
$45.8M
$216.1M
Free Cash Flow
ENR
ENR
TER
TER
Q1 26
Q4 25
$124.2M
$218.8M
Q3 25
$46.7M
$2.4M
Q2 25
$7.9M
$131.7M
Q1 25
$-33.8M
$97.6M
Q4 24
$42.4M
$225.2M
Q3 24
$141.5M
$114.4M
Q2 24
$27.3M
$171.2M
FCF Margin
ENR
ENR
TER
TER
Q1 26
Q4 25
15.9%
20.2%
Q3 25
5.6%
0.3%
Q2 25
1.1%
20.2%
Q1 25
-5.1%
14.2%
Q4 24
5.8%
29.9%
Q3 24
17.6%
15.5%
Q2 24
3.9%
23.5%
Capex Intensity
ENR
ENR
TER
TER
Q1 26
Q4 25
3.2%
5.8%
Q3 25
1.8%
6.1%
Q2 25
1.9%
7.7%
Q1 25
3.2%
9.3%
Q4 24
4.7%
7.6%
Q3 24
3.4%
7.0%
Q2 24
2.6%
6.1%
Cash Conversion
ENR
ENR
TER
TER
Q1 26
0.66×
Q4 25
1.09×
Q3 25
1.76×
0.41×
Q2 25
0.14×
2.32×
Q1 25
-0.45×
1.63×
Q4 24
3.45×
1.93×
Q3 24
3.55×
1.14×
Q2 24
1.16×

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%

TER
TER

Segment breakdown not available.

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