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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and WATSCO INC (WSO). Click either name above to swap in a different company.
WATSCO INC is the larger business by last-quarter revenue ($1.5B vs $778.9M, roughly 2.0× ENERGIZER HOLDINGS, INC.). WATSCO INC runs the higher net margin — 6.1% vs -0.4%, a 6.5% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% vs 0.1%). Over the past eight quarters, ENERGIZER HOLDINGS, INC.'s revenue compounded faster (8.4% CAGR vs -15.3%).
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.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
ENR vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $1.5B |
| Net Profit | $-3.4M | $92.9M |
| Gross Margin | 32.9% | 27.9% |
| Operating Margin | -0.6% | 7.2% |
| Net Margin | -0.4% | 6.1% |
| Revenue YoY | 6.5% | 0.1% |
| Net Profit YoY | -115.2% | -1.7% |
| EPS (diluted) | — | — |
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 | — | $1.5B | ||
| Q4 25 | $778.9M | $1.6B | ||
| Q3 25 | $832.8M | $2.1B | ||
| Q2 25 | $725.3M | $2.1B | ||
| Q1 25 | $662.9M | $1.5B | ||
| Q4 24 | $731.7M | $1.8B | ||
| Q3 24 | $805.7M | $2.2B | ||
| Q2 24 | $701.4M | $2.1B |
| Q1 26 | — | $92.9M | ||
| Q4 25 | $-3.4M | $71.7M | ||
| Q3 25 | $34.9M | $161.6M | ||
| Q2 25 | $153.5M | $183.6M | ||
| Q1 25 | $28.3M | $80.1M | ||
| Q4 24 | $22.3M | $96.8M | ||
| Q3 24 | $47.6M | $171.0M | ||
| Q2 24 | $-43.8M | $181.4M |
| Q1 26 | — | 27.9% | ||
| Q4 25 | 32.9% | 27.1% | ||
| Q3 25 | 36.6% | 27.5% | ||
| Q2 25 | 55.1% | 29.3% | ||
| Q1 25 | 39.1% | 28.1% | ||
| Q4 24 | 36.8% | 26.7% | ||
| Q3 24 | 38.1% | 26.2% | ||
| Q2 24 | 39.5% | 27.1% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | -0.6% | 6.4% | ||
| Q3 25 | 6.4% | 11.4% | ||
| Q2 25 | 22.6% | 13.2% | ||
| Q1 25 | 5.5% | 7.3% | ||
| Q4 24 | 4.1% | 7.8% | ||
| Q3 24 | 7.4% | 11.6% | ||
| Q2 24 | -8.2% | 12.6% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | -0.4% | 4.5% | ||
| Q3 25 | 4.2% | 7.8% | ||
| Q2 25 | 21.2% | 8.9% | ||
| Q1 25 | 4.3% | 5.2% | ||
| Q4 24 | 3.0% | 5.5% | ||
| Q3 24 | 5.9% | 7.9% | ||
| Q2 24 | -6.2% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.82 | ||
| Q3 25 | — | $3.98 | ||
| Q2 25 | — | $4.52 | ||
| Q1 25 | — | $1.93 | ||
| Q4 24 | — | $2.42 | ||
| Q3 24 | — | $4.22 | ||
| Q2 24 | — | $4.49 |
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 | $392.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $141.3M | $3.2B |
| Total Assets | $4.4B | $4.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $392.7M | ||
| Q4 25 | $214.8M | $733.3M | ||
| Q3 25 | $236.2M | $524.3M | ||
| Q2 25 | $171.1M | $293.0M | ||
| Q1 25 | $139.3M | $431.8M | ||
| Q4 24 | $195.9M | $781.9M | ||
| Q3 24 | $216.9M | $550.0M | ||
| Q2 24 | $146.7M | $424.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $361.6M | ||
| Q3 25 | $3.4B | $340.8M | ||
| Q2 25 | $3.2B | $338.7M | ||
| Q1 25 | $3.2B | $346.4M | ||
| Q4 24 | $3.1B | $337.2M | ||
| Q3 24 | $3.2B | $321.0M | ||
| Q2 24 | $3.2B | $307.1M |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $141.3M | $2.8B | ||
| Q3 25 | $169.9M | $2.8B | ||
| Q2 25 | $183.2M | $2.8B | ||
| Q1 25 | $133.9M | $2.7B | ||
| Q4 24 | $140.6M | $2.7B | ||
| Q3 24 | $135.8M | $2.7B | ||
| Q2 24 | $123.4M | $2.6B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | $4.4B | $4.4B | ||
| Q3 25 | $4.6B | $4.6B | ||
| Q2 25 | $4.5B | $4.7B | ||
| Q1 25 | $4.2B | $4.5B | ||
| Q4 24 | $4.2B | $4.5B | ||
| Q3 24 | $4.3B | $4.5B | ||
| Q2 24 | $4.2B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | 20.28× | 0.12× | ||
| Q2 25 | 17.57× | 0.12× | ||
| Q1 25 | 23.56× | 0.13× | ||
| Q4 24 | 22.17× | 0.13× | ||
| Q3 24 | 23.51× | 0.12× | ||
| Q2 24 | 26.04× | 0.12× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $399.8M | ||
| Q3 25 | $61.5M | $354.9M | ||
| Q2 25 | $21.4M | $-7.4M | ||
| Q1 25 | $-12.8M | $-177.6M | ||
| Q4 24 | $77.0M | $378.9M | ||
| Q3 24 | $168.9M | $232.8M | ||
| Q2 24 | $45.8M | $57.7M |
| Q1 26 | — | — | ||
| Q4 25 | $124.2M | $388.5M | ||
| Q3 25 | $46.7M | $346.1M | ||
| Q2 25 | $7.9M | $-14.3M | ||
| Q1 25 | $-33.8M | $-185.2M | ||
| Q4 24 | $42.4M | $370.9M | ||
| Q3 24 | $141.5M | $223.0M | ||
| Q2 24 | $27.3M | $51.3M |
| Q1 26 | — | — | ||
| Q4 25 | 15.9% | 24.6% | ||
| Q3 25 | 5.6% | 16.7% | ||
| Q2 25 | 1.1% | -0.7% | ||
| Q1 25 | -5.1% | -12.1% | ||
| Q4 24 | 5.8% | 21.1% | ||
| Q3 24 | 17.6% | 10.3% | ||
| Q2 24 | 3.9% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 0.7% | ||
| Q3 25 | 1.8% | 0.4% | ||
| Q2 25 | 1.9% | 0.3% | ||
| Q1 25 | 3.2% | 0.5% | ||
| Q4 24 | 4.7% | 0.5% | ||
| Q3 24 | 3.4% | 0.5% | ||
| Q2 24 | 2.6% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.57× | ||
| Q3 25 | 1.76× | 2.20× | ||
| Q2 25 | 0.14× | -0.04× | ||
| Q1 25 | -0.45× | -2.22× | ||
| Q4 24 | 3.45× | 3.91× | ||
| Q3 24 | 3.55× | 1.36× | ||
| Q2 24 | — | 0.32× |
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% |
WSO
Segment breakdown not available.
