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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
ENERGIZER HOLDINGS, INC. is the larger business by last-quarter revenue ($778.9M vs $517.5M, roughly 1.5× WOLVERINE WORLD WIDE INC). WOLVERINE WORLD WIDE INC runs the higher net margin — 6.1% vs -0.4%, a 6.6% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 6.5%). WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $124.2M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% 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.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
ENR vs WWW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $517.5M |
| Net Profit | $-3.4M | $31.8M |
| Gross Margin | 32.9% | 47.3% |
| Operating Margin | -0.6% | 9.7% |
| Net Margin | -0.4% | 6.1% |
| Revenue YoY | 6.5% | 25.5% |
| Net Profit YoY | -115.2% | 162.8% |
| EPS (diluted) | — | $0.37 |
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 | — | $517.5M | ||
| Q4 25 | $778.9M | — | ||
| Q3 25 | $832.8M | $470.3M | ||
| Q2 25 | $725.3M | $474.2M | ||
| Q1 25 | $662.9M | $412.3M | ||
| Q4 24 | $731.7M | $494.7M | ||
| Q3 24 | $805.7M | $440.2M | ||
| Q2 24 | $701.4M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $-3.4M | — | ||
| Q3 25 | $34.9M | $25.1M | ||
| Q2 25 | $153.5M | $26.8M | ||
| Q1 25 | $28.3M | $12.1M | ||
| Q4 24 | $22.3M | $23.1M | ||
| Q3 24 | $47.6M | $23.2M | ||
| Q2 24 | $-43.8M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 32.9% | — | ||
| Q3 25 | 36.6% | 47.5% | ||
| Q2 25 | 55.1% | 47.2% | ||
| Q1 25 | 39.1% | 47.2% | ||
| Q4 24 | 36.8% | 43.4% | ||
| Q3 24 | 38.1% | 45.1% | ||
| Q2 24 | 39.5% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | -0.6% | — | ||
| Q3 25 | 6.4% | 8.4% | ||
| Q2 25 | 22.6% | 8.6% | ||
| Q1 25 | 5.5% | 4.8% | ||
| Q4 24 | 4.1% | 7.4% | ||
| Q3 24 | 7.4% | 7.9% | ||
| Q2 24 | -8.2% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | -0.4% | — | ||
| Q3 25 | 4.2% | 5.3% | ||
| Q2 25 | 21.2% | 5.7% | ||
| Q1 25 | 4.3% | 2.9% | ||
| Q4 24 | 3.0% | 4.7% | ||
| Q3 24 | 5.9% | 5.3% | ||
| Q2 24 | -6.2% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | — | $0.32 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | — | $0.29 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.17 |
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 | — |
| Total DebtLower is stronger | — | $621.7M |
| Stockholders' EquityBook value | $141.3M | $408.0M |
| Total Assets | $4.4B | $1.7B |
| Debt / EquityLower = less leverage | — | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $214.8M | — | ||
| Q3 25 | $236.2M | — | ||
| Q2 25 | $171.1M | — | ||
| Q1 25 | $139.3M | — | ||
| Q4 24 | $195.9M | — | ||
| Q3 24 | $216.9M | — | ||
| Q2 24 | $146.7M | — |
| Q1 26 | — | $621.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | $3.4B | $676.4M | ||
| Q2 25 | $3.2B | $708.5M | ||
| Q1 25 | $3.2B | $710.8M | ||
| Q4 24 | $3.1B | $648.0M | ||
| Q3 24 | $3.2B | $702.8M | ||
| Q2 24 | $3.2B | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $141.3M | — | ||
| Q3 25 | $169.9M | $376.7M | ||
| Q2 25 | $183.2M | $344.0M | ||
| Q1 25 | $133.9M | $310.6M | ||
| Q4 24 | $140.6M | $312.9M | ||
| Q3 24 | $135.8M | $295.2M | ||
| Q2 24 | $123.4M | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.6B | $1.7B | ||
| Q2 25 | $4.5B | $1.8B | ||
| Q1 25 | $4.2B | $1.7B | ||
| Q4 24 | $4.2B | $1.7B | ||
| Q3 24 | $4.3B | $1.8B | ||
| Q2 24 | $4.2B | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | — | — | ||
| Q3 25 | 20.28× | 1.80× | ||
| Q2 25 | 17.57× | 2.06× | ||
| Q1 25 | 23.56× | 2.29× | ||
| Q4 24 | 22.17× | 2.07× | ||
| Q3 24 | 23.51× | 2.38× | ||
| Q2 24 | 26.04× | 3.11× |
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 | $146.2M |
| Free Cash FlowOCF − Capex | $124.2M | $145.6M |
| FCF MarginFCF / Revenue | 15.9% | 28.1% |
| Capex IntensityCapex / Revenue | 3.2% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $145.0M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $149.5M | — | ||
| Q3 25 | $61.5M | $33.0M | ||
| Q2 25 | $21.4M | $44.6M | ||
| Q1 25 | $-12.8M | $-83.8M | ||
| Q4 24 | $77.0M | $82.4M | ||
| Q3 24 | $168.9M | $108.2M | ||
| Q2 24 | $45.8M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $124.2M | — | ||
| Q3 25 | $46.7M | $30.1M | ||
| Q2 25 | $7.9M | $41.2M | ||
| Q1 25 | $-33.8M | $-91.4M | ||
| Q4 24 | $42.4M | $74.4M | ||
| Q3 24 | $141.5M | $104.1M | ||
| Q2 24 | $27.3M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 15.9% | — | ||
| Q3 25 | 5.6% | 6.4% | ||
| Q2 25 | 1.1% | 8.7% | ||
| Q1 25 | -5.1% | -22.2% | ||
| Q4 24 | 5.8% | 15.0% | ||
| Q3 24 | 17.6% | 23.6% | ||
| Q2 24 | 3.9% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 3.2% | — | ||
| Q3 25 | 1.8% | 0.6% | ||
| Q2 25 | 1.9% | 0.7% | ||
| Q1 25 | 3.2% | 1.8% | ||
| Q4 24 | 4.7% | 1.6% | ||
| Q3 24 | 3.4% | 0.9% | ||
| Q2 24 | 2.6% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.76× | 1.31× | ||
| Q2 25 | 0.14× | 1.66× | ||
| Q1 25 | -0.45× | -6.93× | ||
| Q4 24 | 3.45× | 3.57× | ||
| Q3 24 | 3.55× | 4.66× | ||
| Q2 24 | — | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
