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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

Bigger by revenue
ZION
ZION
1.1× larger
ZION
$891.0M
$778.9M
ENR
Growing faster (revenue YoY)
ZION
ZION
+11.6% gap
ZION
8.7%
-3.0%
ENR
Higher net margin
ZION
ZION
28.2% more per $
ZION
29.5%
1.3%
ENR
More free cash flow
ENR
ENR
$1.1B more FCF
ENR
$2.0B
$952.0M
ZION
Faster 2-yr revenue CAGR
ZION
ZION
Annualised
ZION
9.6%
5.4%
ENR

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
ENR
ENR
ZION
ZION
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.

Revenue
ENR
ENR
ZION
ZION
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
Net Profit
ENR
ENR
ZION
ZION
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
Gross Margin
ENR
ENR
ZION
ZION
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%
Operating Margin
ENR
ENR
ZION
ZION
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%
Net Margin
ENR
ENR
ZION
ZION
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%
EPS (diluted)
ENR
ENR
ZION
ZION
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
ENR
ENR
ZION
ZION
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.

Cash + ST Investments
ENR
ENR
ZION
ZION
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
Total Debt
ENR
ENR
ZION
ZION
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
Stockholders' Equity
ENR
ENR
ZION
ZION
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
Total Assets
ENR
ENR
ZION
ZION
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
Debt / Equity
ENR
ENR
ZION
ZION
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
ENR
ENR
ZION
ZION
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.

Operating Cash Flow
ENR
ENR
ZION
ZION
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
Free Cash Flow
ENR
ENR
ZION
ZION
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
FCF Margin
ENR
ENR
ZION
ZION
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%
Capex Intensity
ENR
ENR
ZION
ZION
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%
Cash Conversion
ENR
ENR
ZION
ZION
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.

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