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

Texas Roadhouse, Inc. is the larger business by last-quarter revenue ($1.5B vs $778.9M, roughly 1.9× ENERGIZER HOLDINGS, INC.). Texas Roadhouse, Inc. runs the higher net margin — 5.8% vs -0.4%, a 6.3% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs 3.1%). Over the past eight quarters, Texas Roadhouse, Inc.'s revenue compounded faster (12.8% 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.

Texas Roadhouse is an American steakhouse chain that specializes in steaks in a Texan and Southwestern cuisine style. It is a subsidiary of Texas Roadhouse Inc, which has two other concepts and is headquartered in Louisville, Kentucky. As of August 2025, the chain operates about 800 locations in 49 U.S. states and 70 international locations in 11 countries.

ENR vs TXRH — Head-to-Head

Bigger by revenue
TXRH
TXRH
1.9× larger
TXRH
$1.5B
$778.9M
ENR
Growing faster (revenue YoY)
ENR
ENR
+3.4% gap
ENR
6.5%
3.1%
TXRH
Higher net margin
TXRH
TXRH
6.3% more per $
TXRH
5.8%
-0.4%
ENR
Faster 2-yr revenue CAGR
TXRH
TXRH
Annualised
TXRH
12.8%
8.4%
ENR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ENR
ENR
TXRH
TXRH
Revenue
$778.9M
$1.5B
Net Profit
$-3.4M
$86.7M
Gross Margin
32.9%
Operating Margin
-0.6%
6.5%
Net Margin
-0.4%
5.8%
Revenue YoY
6.5%
3.1%
Net Profit YoY
-115.2%
-26.9%
EPS (diluted)
$1.29

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
TXRH
TXRH
Q4 25
$778.9M
$1.5B
Q3 25
$832.8M
$1.4B
Q2 25
$725.3M
$1.4B
Q1 25
$662.9M
Q4 24
$731.7M
$1.4B
Q3 24
$805.7M
$1.3B
Q2 24
$701.4M
$1.3B
Q1 24
$663.3M
$1.3B
Net Profit
ENR
ENR
TXRH
TXRH
Q4 25
$-3.4M
$86.7M
Q3 25
$34.9M
$84.9M
Q2 25
$153.5M
$116.1M
Q1 25
$28.3M
Q4 24
$22.3M
$118.5M
Q3 24
$47.6M
$86.8M
Q2 24
$-43.8M
$123.1M
Q1 24
$32.4M
$116.0M
Gross Margin
ENR
ENR
TXRH
TXRH
Q4 25
32.9%
Q3 25
36.6%
Q2 25
55.1%
Q1 25
39.1%
Q4 24
36.8%
Q3 24
38.1%
Q2 24
39.5%
Q1 24
38.2%
Operating Margin
ENR
ENR
TXRH
TXRH
Q4 25
-0.6%
6.5%
Q3 25
6.4%
6.7%
Q2 25
22.6%
9.3%
Q1 25
5.5%
Q4 24
4.1%
9.6%
Q3 24
7.4%
8.0%
Q2 24
-8.2%
10.6%
Q1 24
6.4%
10.1%
Net Margin
ENR
ENR
TXRH
TXRH
Q4 25
-0.4%
5.8%
Q3 25
4.2%
5.9%
Q2 25
21.2%
8.0%
Q1 25
4.3%
Q4 24
3.0%
8.2%
Q3 24
5.9%
6.8%
Q2 24
-6.2%
9.2%
Q1 24
4.9%
8.8%
EPS (diluted)
ENR
ENR
TXRH
TXRH
Q4 25
$1.29
Q3 25
$1.25
Q2 25
$1.70
Q1 25
Q4 24
$1.73
Q3 24
$1.26
Q2 24
$1.79
Q1 24
$1.69

Balance Sheet & Financial Strength

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

Metric
ENR
ENR
TXRH
TXRH
Cash + ST InvestmentsLiquidity on hand
$214.8M
$134.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$141.3M
$1.5B
Total Assets
$4.4B
$3.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENR
ENR
TXRH
TXRH
Q4 25
$214.8M
$134.7M
Q3 25
$236.2M
$108.2M
Q2 25
$171.1M
$221.1M
Q1 25
$139.3M
Q4 24
$195.9M
$245.2M
Q3 24
$216.9M
$189.2M
Q2 24
$146.7M
$197.5M
Q1 24
$158.1M
$213.4M
Total Debt
ENR
ENR
TXRH
TXRH
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
TXRH
TXRH
Q4 25
$141.3M
$1.5B
Q3 25
$169.9M
$1.5B
Q2 25
$183.2M
$1.4B
Q1 25
$133.9M
Q4 24
$140.6M
$1.4B
Q3 24
$135.8M
$1.3B
Q2 24
$123.4M
$1.3B
Q1 24
$191.3M
$1.2B
Total Assets
ENR
ENR
TXRH
TXRH
Q4 25
$4.4B
$3.5B
Q3 25
$4.6B
$3.3B
Q2 25
$4.5B
$3.2B
Q1 25
$4.2B
Q4 24
$4.2B
$3.2B
Q3 24
$4.3B
$2.9B
Q2 24
$4.2B
$2.9B
Q1 24
$4.3B
$2.8B
Debt / Equity
ENR
ENR
TXRH
TXRH
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
TXRH
TXRH
Operating Cash FlowLast quarter
$149.5M
Free Cash FlowOCF − Capex
$124.2M
FCF MarginFCF / Revenue
15.9%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$145.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENR
ENR
TXRH
TXRH
Q4 25
$149.5M
Q3 25
$61.5M
$143.6M
Q2 25
$21.4M
$237.7M
Q1 25
$-12.8M
Q4 24
$77.0M
$237.5M
Q3 24
$168.9M
$138.7M
Q2 24
$45.8M
$133.9M
Q1 24
$36.8M
$243.4M
Free Cash Flow
ENR
ENR
TXRH
TXRH
Q4 25
$124.2M
Q3 25
$46.7M
$14.7M
Q2 25
$7.9M
$160.4M
Q1 25
$-33.8M
Q4 24
$42.4M
$129.7M
Q3 24
$141.5M
$47.7M
Q2 24
$27.3M
$56.1M
Q1 24
$10.3M
$165.8M
FCF Margin
ENR
ENR
TXRH
TXRH
Q4 25
15.9%
Q3 25
5.6%
1.0%
Q2 25
1.1%
11.1%
Q1 25
-5.1%
Q4 24
5.8%
9.0%
Q3 24
17.6%
3.7%
Q2 24
3.9%
4.2%
Q1 24
1.6%
12.5%
Capex Intensity
ENR
ENR
TXRH
TXRH
Q4 25
3.2%
Q3 25
1.8%
9.0%
Q2 25
1.9%
5.3%
Q1 25
3.2%
Q4 24
4.7%
7.5%
Q3 24
3.4%
7.2%
Q2 24
2.6%
5.8%
Q1 24
4.0%
5.9%
Cash Conversion
ENR
ENR
TXRH
TXRH
Q4 25
Q3 25
1.76×
1.69×
Q2 25
0.14×
2.05×
Q1 25
-0.45×
Q4 24
3.45×
2.00×
Q3 24
3.55×
1.60×
Q2 24
1.09×
Q1 24
1.14×
2.10×

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%

TXRH
TXRH

Food And Beverage$1.5B99%
Texas Roadhouse Segment$21.2M1%
Franchise$8.2M1%
Franchise Royalty$7.4M0%
Bubba S33Segment$2.3M0%

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