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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and Under Armour, Inc. (UAA). Click either name above to swap in a different company.
Under Armour, Inc. is the larger business by last-quarter revenue ($1.3B vs $778.9M, roughly 1.7× ENERGIZER HOLDINGS, INC.). ENERGIZER HOLDINGS, INC. runs the higher net margin — -0.4% vs -32.4%, a 32.0% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs -5.2%). Under Armour, Inc. produced more free cash flow last quarter ($261.9M vs $124.2M). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs -0.2%).
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.
Under Armour, Inc. is an American sportswear company that manufactures footwear and apparel headquartered in Baltimore, Maryland, United States.
ENR vs UAA — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $1.3B |
| Net Profit | $-3.4M | $-430.8M |
| Gross Margin | 32.9% | 44.4% |
| Operating Margin | -0.6% | -11.3% |
| Net Margin | -0.4% | -32.4% |
| Revenue YoY | 6.5% | -5.2% |
| Net Profit YoY | -115.2% | -35013.0% |
| EPS (diluted) | — | $-1.01 |
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 | $1.3B | ||
| Q3 25 | $832.8M | $1.3B | ||
| Q2 25 | $725.3M | $1.1B | ||
| Q1 25 | $662.9M | $1.2B | ||
| Q4 24 | $731.7M | $1.4B | ||
| Q3 24 | $805.7M | $1.4B | ||
| Q2 24 | $701.4M | $1.2B | ||
| Q1 24 | $663.3M | $1.3B |
| Q4 25 | $-3.4M | $-430.8M | ||
| Q3 25 | $34.9M | $-18.8M | ||
| Q2 25 | $153.5M | $-2.6M | ||
| Q1 25 | $28.3M | $-67.5M | ||
| Q4 24 | $22.3M | $1.2M | ||
| Q3 24 | $47.6M | $170.4M | ||
| Q2 24 | $-43.8M | $-305.4M | ||
| Q1 24 | $32.4M | $6.6M |
| Q4 25 | 32.9% | 44.4% | ||
| Q3 25 | 36.6% | 47.3% | ||
| Q2 25 | 55.1% | 48.2% | ||
| Q1 25 | 39.1% | 46.7% | ||
| Q4 24 | 36.8% | 47.5% | ||
| Q3 24 | 38.1% | 49.8% | ||
| Q2 24 | 39.5% | 47.5% | ||
| Q1 24 | 38.2% | 45.0% |
| Q4 25 | -0.6% | -11.3% | ||
| Q3 25 | 6.4% | 1.3% | ||
| Q2 25 | 22.6% | 0.3% | ||
| Q1 25 | 5.5% | -6.1% | ||
| Q4 24 | 4.1% | 1.0% | ||
| Q3 24 | 7.4% | 12.4% | ||
| Q2 24 | -8.2% | -25.3% | ||
| Q1 24 | 6.4% | -0.3% |
| Q4 25 | -0.4% | -32.4% | ||
| Q3 25 | 4.2% | -1.4% | ||
| Q2 25 | 21.2% | -0.2% | ||
| Q1 25 | 4.3% | -5.7% | ||
| Q4 24 | 3.0% | 0.1% | ||
| Q3 24 | 5.9% | 12.2% | ||
| Q2 24 | -6.2% | -25.8% | ||
| Q1 24 | 4.9% | 0.5% |
| Q4 25 | — | $-1.01 | ||
| Q3 25 | — | $-0.04 | ||
| Q2 25 | — | $-0.01 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | — | $0.00 | ||
| Q3 24 | — | $0.39 | ||
| Q2 24 | — | $-0.70 | ||
| Q1 24 | — | $0.02 |
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 | $464.6M |
| Total DebtLower is stronger | — | $989.7M |
| Stockholders' EquityBook value | $141.3M | $1.4B |
| Total Assets | $4.4B | $4.6B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.8M | $464.6M | ||
| Q3 25 | $236.2M | $396.0M | ||
| Q2 25 | $171.1M | $911.0M | ||
| Q1 25 | $139.3M | $501.4M | ||
| Q4 24 | $195.9M | $726.9M | ||
| Q3 24 | $216.9M | $530.7M | ||
| Q2 24 | $146.7M | $884.6M | ||
| Q1 24 | $158.1M | $858.7M |
| Q4 25 | — | $989.7M | ||
| Q3 25 | $3.4B | $1.2B | ||
| Q2 25 | $3.2B | $989.2M | ||
| Q1 25 | $3.2B | $595.1M | ||
| Q4 24 | $3.1B | $595.2M | ||
| Q3 24 | $3.2B | $594.6M | ||
| Q2 24 | $3.2B | $595.4M | ||
| Q1 24 | $3.2B | $675.8M |
| Q4 25 | $141.3M | $1.4B | ||
| Q3 25 | $169.9M | $1.9B | ||
| Q2 25 | $183.2M | $1.9B | ||
| Q1 25 | $133.9M | $1.9B | ||
| Q4 24 | $140.6M | $2.0B | ||
| Q3 24 | $135.8M | $2.0B | ||
| Q2 24 | $123.4M | $1.8B | ||
| Q1 24 | $191.3M | $2.2B |
| Q4 25 | $4.4B | $4.6B | ||
| Q3 25 | $4.6B | $4.9B | ||
| Q2 25 | $4.5B | $4.9B | ||
| Q1 25 | $4.2B | $4.3B | ||
| Q4 24 | $4.2B | $4.6B | ||
| Q3 24 | $4.3B | $4.5B | ||
| Q2 24 | $4.2B | $4.9B | ||
| Q1 24 | $4.3B | $4.8B |
| Q4 25 | — | 0.69× | ||
| Q3 25 | 20.28× | 0.64× | ||
| Q2 25 | 17.57× | 0.53× | ||
| Q1 25 | 23.56× | 0.31× | ||
| Q4 24 | 22.17× | 0.30× | ||
| Q3 24 | 23.51× | 0.30× | ||
| Q2 24 | 26.04× | 0.33× | ||
| Q1 24 | 16.86× | 0.31× |
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 | $278.1M |
| Free Cash FlowOCF − Capex | $124.2M | $261.9M |
| FCF MarginFCF / Revenue | 15.9% | 19.7% |
| Capex IntensityCapex / Revenue | 3.2% | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $-45.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $149.5M | $278.1M | ||
| Q3 25 | $61.5M | $-69.8M | ||
| Q2 25 | $21.4M | $48.9M | ||
| Q1 25 | $-12.8M | $-202.2M | ||
| Q4 24 | $77.0M | $311.3M | ||
| Q3 24 | $168.9M | $-321.4M | ||
| Q2 24 | $45.8M | $153.0M | ||
| Q1 24 | $36.8M | $-122.9M |
| Q4 25 | $124.2M | $261.9M | ||
| Q3 25 | $46.7M | $-90.3M | ||
| Q2 25 | $7.9M | $13.5M | ||
| Q1 25 | $-33.8M | $-231.0M | ||
| Q4 24 | $42.4M | $262.9M | ||
| Q3 24 | $141.5M | $-367.2M | ||
| Q2 24 | $27.3M | $107.3M | ||
| Q1 24 | $10.3M | $-156.7M |
| Q4 25 | 15.9% | 19.7% | ||
| Q3 25 | 5.6% | -6.8% | ||
| Q2 25 | 1.1% | 1.2% | ||
| Q1 25 | -5.1% | -19.6% | ||
| Q4 24 | 5.8% | 18.8% | ||
| Q3 24 | 17.6% | -26.2% | ||
| Q2 24 | 3.9% | 9.1% | ||
| Q1 24 | 1.6% | -11.8% |
| Q4 25 | 3.2% | 1.2% | ||
| Q3 25 | 1.8% | 1.5% | ||
| Q2 25 | 1.9% | 3.1% | ||
| Q1 25 | 3.2% | 2.4% | ||
| Q4 24 | 4.7% | 3.5% | ||
| Q3 24 | 3.4% | 3.3% | ||
| Q2 24 | 2.6% | 3.9% | ||
| Q1 24 | 4.0% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | -0.45× | — | ||
| Q4 24 | 3.45× | 252.26× | ||
| Q3 24 | 3.55× | -1.89× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.14× | -18.71× |
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% |
UAA
| Apparel | $934.0M | 70% |
| Footwear | $265.1M | 20% |
| Accessories | $107.7M | 8% |
| License | $27.2M | 2% |
