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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and VIASAT INC (VSAT). Click either name above to swap in a different company.
VIASAT INC is the larger business by last-quarter revenue ($1.2B vs $778.9M, roughly 1.5× ENERGIZER HOLDINGS, INC.). VIASAT INC runs the higher net margin — 2.2% vs 1.3%, a 0.9% gap on every dollar of revenue. On growth, VIASAT INC posted the faster year-over-year revenue change (3.0% vs -3.0%). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (5.4% CAGR vs 0.3%).
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.
Viasat, Inc. is an American communications company based in Carlsbad, California, with additional operations across the United States and worldwide. Viasat is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets.
ENR vs VSAT — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $1.2B |
| Net Profit | $10.1M | $25.0M |
| Gross Margin | 33.2% | — |
| Operating Margin | — | 2.3% |
| Net Margin | 1.3% | 2.2% |
| Revenue YoY | -3.0% | 3.0% |
| Net Profit YoY | -64.3% | 115.8% |
| EPS (diluted) | $0.15 | $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 | $778.9M | — | ||
| Q4 25 | $778.9M | $1.2B | ||
| Q3 25 | $832.8M | $1.1B | ||
| Q2 25 | $725.3M | $1.2B | ||
| Q1 25 | $662.9M | $1.1B | ||
| Q4 24 | $731.7M | $1.1B | ||
| Q3 24 | $805.7M | $1.1B | ||
| Q2 24 | $701.4M | $1.1B |
| Q1 26 | $10.1M | — | ||
| Q4 25 | $-3.4M | $25.0M | ||
| Q3 25 | $34.9M | $-61.4M | ||
| Q2 25 | $153.5M | $-56.4M | ||
| Q1 25 | $28.3M | $-246.1M | ||
| Q4 24 | $22.3M | $-158.4M | ||
| Q3 24 | $47.6M | $-137.6M | ||
| Q2 24 | $-43.8M | $-32.9M |
| Q1 26 | 33.2% | — | ||
| 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 26 | — | — | ||
| Q4 25 | -0.6% | 2.3% | ||
| Q3 25 | 6.4% | 3.1% | ||
| Q2 25 | 22.6% | 4.0% | ||
| Q1 25 | 5.5% | -13.4% | ||
| Q4 24 | 4.1% | 1.9% | ||
| Q3 24 | 7.4% | -2.2% | ||
| Q2 24 | -8.2% | 5.3% |
| Q1 26 | 1.3% | — | ||
| Q4 25 | -0.4% | 2.2% | ||
| Q3 25 | 4.2% | -5.4% | ||
| Q2 25 | 21.2% | -4.8% | ||
| Q1 25 | 4.3% | -21.5% | ||
| Q4 24 | 3.0% | -14.1% | ||
| Q3 24 | 5.9% | -12.3% | ||
| Q2 24 | -6.2% | -2.9% |
| Q1 26 | $0.15 | — | ||
| Q4 25 | — | $0.18 | ||
| Q3 25 | — | $-0.45 | ||
| Q2 25 | — | $-0.43 | ||
| Q1 25 | — | $-1.92 | ||
| Q4 24 | — | $-1.23 | ||
| Q3 24 | — | $-1.07 | ||
| Q2 24 | — | $-0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $172.5M | $1.3B |
| Total DebtLower is stronger | $3.3B | $6.2B |
| Stockholders' EquityBook value | $173.2M | $4.6B |
| Total Assets | $4.4B | $14.9B |
| Debt / EquityLower = less leverage | 19.13× | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $172.5M | — | ||
| Q4 25 | $214.8M | $1.3B | ||
| Q3 25 | $236.2M | $1.2B | ||
| Q2 25 | $171.1M | $1.2B | ||
| Q1 25 | $139.3M | $1.6B | ||
| Q4 24 | $195.9M | $1.6B | ||
| Q3 24 | $216.9M | $3.5B | ||
| Q2 24 | $146.7M | $1.8B |
| Q1 26 | $3.3B | — | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | $3.4B | $6.5B | ||
| Q2 25 | $3.2B | $6.5B | ||
| Q1 25 | $3.2B | $6.5B | ||
| Q4 24 | $3.1B | $6.5B | ||
| Q3 24 | $3.2B | $6.4B | ||
| Q2 24 | $3.2B | $7.1B |
| Q1 26 | $173.2M | — | ||
| Q4 25 | $141.3M | $4.6B | ||
| Q3 25 | $169.9M | $4.5B | ||
| Q2 25 | $183.2M | $4.6B | ||
| Q1 25 | $133.9M | $4.6B | ||
| Q4 24 | $140.6M | $4.8B | ||
| Q3 24 | $135.8M | $4.9B | ||
| Q2 24 | $123.4M | $5.0B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.4B | $14.9B | ||
| Q3 25 | $4.6B | $14.8B | ||
| Q2 25 | $4.5B | $14.9B | ||
| Q1 25 | $4.2B | $15.4B | ||
| Q4 24 | $4.2B | $15.6B | ||
| Q3 24 | $4.3B | $17.8B | ||
| Q2 24 | $4.2B | $16.1B |
| Q1 26 | 19.13× | — | ||
| Q4 25 | — | 1.37× | ||
| Q3 25 | 20.28× | 1.44× | ||
| Q2 25 | 17.57× | 1.43× | ||
| Q1 25 | 23.56× | 1.43× | ||
| Q4 24 | 22.17× | 1.37× | ||
| Q3 24 | 23.51× | 1.30× | ||
| Q2 24 | 26.04× | 1.42× |
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 | — | $726.9M |
| Free Cash FlowOCF − Capex | $2.0B | — |
| FCF MarginFCF / Revenue | 260.1% | — |
| Capex IntensityCapex / Revenue | 5.5% | — |
| Cash ConversionOCF / Net Profit | — | 29.11× |
| TTM Free Cash FlowTrailing 4 quarters | $2.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $726.9M | ||
| Q3 25 | $61.5M | $282.2M | ||
| Q2 25 | $21.4M | $258.5M | ||
| Q1 25 | $-12.8M | $298.4M | ||
| Q4 24 | $77.0M | $219.5M | ||
| Q3 24 | $168.9M | $239.2M | ||
| Q2 24 | $45.8M | $151.1M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $124.2M | — | ||
| Q3 25 | $46.7M | — | ||
| Q2 25 | $7.9M | — | ||
| Q1 25 | $-33.8M | — | ||
| Q4 24 | $42.4M | — | ||
| Q3 24 | $141.5M | — | ||
| Q2 24 | $27.3M | — |
| Q1 26 | 260.1% | — | ||
| Q4 25 | 15.9% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 17.6% | — | ||
| Q2 24 | 3.9% | — |
| Q1 26 | 5.5% | — | ||
| Q4 25 | 3.2% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 2.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 29.11× | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | -0.45× | — | ||
| Q4 24 | 3.45× | — | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENR
Segment breakdown not available.
VSAT
| Products | $334.2M | 29% |
| Aviation Services | $303.7M | 26% |
| Government Satcom Services | $202.4M | 17% |
| Maritime Services | $114.9M | 10% |
| Information Security And Cyber Defense Products | $97.0M | 8% |
| Tactical Networking Products | $93.9M | 8% |
| Navarino Uk And Jsat Mobile | $15.5M | 1% |
| Advanced Technologies And Other Products | $6.1M | 1% |
