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Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $778.9M, roughly 1.1× ENERGIZER HOLDINGS, INC.). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 1.3%, a 28.2% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs -3.0%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($2.0B vs $952.0M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs 5.4%).
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.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
ENR vs ZION — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $778.9M | $891.0M |
| Net Profit | $10.1M | $263.0M |
| Gross Margin | 33.2% | — |
| Operating Margin | — | — |
| Net Margin | 1.3% | 29.5% |
| Revenue YoY | -3.0% | 8.7% |
| Net Profit YoY | -64.3% | 21.8% |
| EPS (diluted) | $0.15 | $1.77 |
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 | $891.0M | ||
| Q3 25 | $832.8M | $861.0M | ||
| Q2 25 | $725.3M | $838.0M | ||
| Q1 25 | $662.9M | $795.0M | ||
| Q4 24 | $731.7M | $820.0M | ||
| Q3 24 | $805.7M | $792.0M | ||
| Q2 24 | $701.4M | $777.0M |
| Q1 26 | $10.1M | — | ||
| Q4 25 | $-3.4M | $263.0M | ||
| Q3 25 | $34.9M | $222.0M | ||
| Q2 25 | $153.5M | $244.0M | ||
| Q1 25 | $28.3M | $170.0M | ||
| Q4 24 | $22.3M | $216.0M | ||
| Q3 24 | $47.6M | $214.0M | ||
| Q2 24 | $-43.8M | $201.0M |
| 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% | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 22.6% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 7.4% | — | ||
| Q2 24 | -8.2% | — |
| Q1 26 | 1.3% | — | ||
| Q4 25 | -0.4% | 29.5% | ||
| Q3 25 | 4.2% | 25.8% | ||
| Q2 25 | 21.2% | 29.1% | ||
| Q1 25 | 4.3% | 21.4% | ||
| Q4 24 | 3.0% | 26.3% | ||
| Q3 24 | 5.9% | 27.0% | ||
| Q2 24 | -6.2% | 25.9% |
| Q1 26 | $0.15 | — | ||
| Q4 25 | — | $1.77 | ||
| Q3 25 | — | $1.48 | ||
| Q2 25 | — | $1.63 | ||
| Q1 25 | — | $1.13 | ||
| Q4 24 | — | $1.34 | ||
| Q3 24 | — | $1.37 | ||
| Q2 24 | — | $1.28 |
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 | — |
| Total DebtLower is stronger | $3.3B | $1.5B |
| Stockholders' EquityBook value | $173.2M | $7.2B |
| Total Assets | $4.4B | $89.0B |
| Debt / EquityLower = less leverage | 19.13× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $172.5M | — | ||
| 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 | $3.3B | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | $3.4B | $1.5B | ||
| Q2 25 | $3.2B | $970.0M | ||
| Q1 25 | $3.2B | $964.0M | ||
| Q4 24 | $3.1B | $950.0M | ||
| Q3 24 | $3.2B | $548.0M | ||
| Q2 24 | $3.2B | $546.0M |
| Q1 26 | $173.2M | — | ||
| Q4 25 | $141.3M | $7.2B | ||
| Q3 25 | $169.9M | $6.9B | ||
| Q2 25 | $183.2M | $6.6B | ||
| Q1 25 | $133.9M | $6.3B | ||
| Q4 24 | $140.6M | $6.1B | ||
| Q3 24 | $135.8M | $6.4B | ||
| Q2 24 | $123.4M | $6.0B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.4B | $89.0B | ||
| Q3 25 | $4.6B | $88.5B | ||
| Q2 25 | $4.5B | $88.9B | ||
| Q1 25 | $4.2B | $88.0B | ||
| Q4 24 | $4.2B | $88.8B | ||
| Q3 24 | $4.3B | $87.0B | ||
| Q2 24 | $4.2B | $87.6B |
| Q1 26 | 19.13× | — | ||
| Q4 25 | — | 0.21× | ||
| Q3 25 | 20.28× | 0.21× | ||
| Q2 25 | 17.57× | 0.15× | ||
| Q1 25 | 23.56× | 0.15× | ||
| Q4 24 | 22.17× | 0.16× | ||
| Q3 24 | 23.51× | 0.09× | ||
| Q2 24 | 26.04× | 0.09× |
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 | — | $1.1B |
| Free Cash FlowOCF − Capex | $2.0B | $952.0M |
| FCF MarginFCF / Revenue | 260.1% | 106.8% |
| Capex IntensityCapex / Revenue | 5.5% | 13.6% |
| Cash ConversionOCF / Net Profit | — | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $2.2B | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $1.1B | ||
| Q3 25 | $61.5M | $438.0M | ||
| Q2 25 | $21.4M | $-62.0M | ||
| Q1 25 | $-12.8M | $179.0M | ||
| Q4 24 | $77.0M | $1.1B | ||
| Q3 24 | $168.9M | $119.0M | ||
| Q2 24 | $45.8M | $251.0M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $124.2M | $952.0M | ||
| Q3 25 | $46.7M | $413.0M | ||
| Q2 25 | $7.9M | $-93.0M | ||
| Q1 25 | $-33.8M | $152.0M | ||
| Q4 24 | $42.4M | $1.1B | ||
| Q3 24 | $141.5M | $97.0M | ||
| Q2 24 | $27.3M | $234.0M |
| Q1 26 | 260.1% | — | ||
| Q4 25 | 15.9% | 106.8% | ||
| Q3 25 | 5.6% | 48.0% | ||
| Q2 25 | 1.1% | -11.1% | ||
| Q1 25 | -5.1% | 19.1% | ||
| Q4 24 | 5.8% | 128.2% | ||
| Q3 24 | 17.6% | 12.2% | ||
| Q2 24 | 3.9% | 30.1% |
| Q1 26 | 5.5% | — | ||
| Q4 25 | 3.2% | 13.6% | ||
| Q3 25 | 1.8% | 2.9% | ||
| Q2 25 | 1.9% | 3.7% | ||
| Q1 25 | 3.2% | 3.4% | ||
| Q4 24 | 4.7% | 11.8% | ||
| Q3 24 | 3.4% | 2.8% | ||
| Q2 24 | 2.6% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.08× | ||
| Q3 25 | 1.76× | 1.97× | ||
| Q2 25 | 0.14× | -0.25× | ||
| Q1 25 | -0.45× | 1.05× | ||
| Q4 24 | 3.45× | 5.31× | ||
| Q3 24 | 3.55× | 0.56× | ||
| Q2 24 | — | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.