vs
Side-by-side financial comparison of ENERGIZER HOLDINGS, INC. (ENR) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
Zscaler, Inc. is the larger business by last-quarter revenue ($788.1M vs $778.9M, roughly 1.0× ENERGIZER HOLDINGS, INC.). ENERGIZER HOLDINGS, INC. runs the higher net margin — 1.3% vs -1.5%, a 2.8% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs -3.0%). ENERGIZER HOLDINGS, INC. produced more free cash flow last quarter ($2.0B vs $431.0M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% 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.
Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.
ENR vs ZS — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $778.9M | $788.1M |
| Net Profit | $10.1M | $-11.6M |
| Gross Margin | 33.2% | 76.6% |
| Operating Margin | — | -4.6% |
| Net Margin | 1.3% | -1.5% |
| Revenue YoY | -3.0% | 25.5% |
| Net Profit YoY | -64.3% | 3.6% |
| EPS (diluted) | $0.15 | $-0.07 |
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 | $788.1M | ||
| Q3 25 | $832.8M | $719.2M | ||
| Q2 25 | $725.3M | $678.0M | ||
| Q1 25 | $662.9M | $647.9M | ||
| Q4 24 | $731.7M | $628.0M | ||
| Q3 24 | $805.7M | $592.9M | ||
| Q2 24 | $701.4M | $553.2M |
| Q1 26 | $10.1M | — | ||
| Q4 25 | $-3.4M | $-11.6M | ||
| Q3 25 | $34.9M | $-17.6M | ||
| Q2 25 | $153.5M | $-4.1M | ||
| Q1 25 | $28.3M | $-7.7M | ||
| Q4 24 | $22.3M | $-12.1M | ||
| Q3 24 | $47.6M | $-14.9M | ||
| Q2 24 | $-43.8M | $19.1M |
| Q1 26 | 33.2% | — | ||
| Q4 25 | 32.9% | 76.6% | ||
| Q3 25 | 36.6% | 76.1% | ||
| Q2 25 | 55.1% | 77.0% | ||
| Q1 25 | 39.1% | 77.1% | ||
| Q4 24 | 36.8% | 77.5% | ||
| Q3 24 | 38.1% | 78.0% | ||
| Q2 24 | 39.5% | 78.6% |
| Q1 26 | — | — | ||
| Q4 25 | -0.6% | -4.6% | ||
| Q3 25 | 6.4% | -4.5% | ||
| Q2 25 | 22.6% | -3.7% | ||
| Q1 25 | 5.5% | -6.2% | ||
| Q4 24 | 4.1% | -4.9% | ||
| Q3 24 | 7.4% | -4.5% | ||
| Q2 24 | -8.2% | -0.5% |
| Q1 26 | 1.3% | — | ||
| Q4 25 | -0.4% | -1.5% | ||
| Q3 25 | 4.2% | -2.4% | ||
| Q2 25 | 21.2% | -0.6% | ||
| Q1 25 | 4.3% | -1.2% | ||
| Q4 24 | 3.0% | -1.9% | ||
| Q3 24 | 5.9% | -2.5% | ||
| Q2 24 | -6.2% | 3.5% |
| Q1 26 | $0.15 | — | ||
| Q4 25 | — | $-0.07 | ||
| Q3 25 | — | $-0.11 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | $-0.08 | ||
| Q3 24 | — | $-0.09 | ||
| Q2 24 | — | $0.12 |
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 | — |
| Stockholders' EquityBook value | $173.2M | $2.0B |
| Total Assets | $4.4B | $6.5B |
| Debt / EquityLower = less leverage | 19.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $172.5M | — | ||
| Q4 25 | $214.8M | $1.3B | ||
| Q3 25 | $236.2M | $2.4B | ||
| Q2 25 | $171.1M | $2.0B | ||
| Q1 25 | $139.3M | $1.8B | ||
| Q4 24 | $195.9M | $1.6B | ||
| Q3 24 | $216.9M | $1.4B | ||
| Q2 24 | $146.7M | $1.3B |
| Q1 26 | $3.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.2B | $1.1B | ||
| Q1 25 | $3.2B | $1.1B | ||
| Q4 24 | $3.1B | $1.1B | ||
| Q3 24 | $3.2B | $1.1B | ||
| Q2 24 | $3.2B | $1.1B |
| Q1 26 | $173.2M | — | ||
| Q4 25 | $141.3M | $2.0B | ||
| Q3 25 | $169.9M | $1.8B | ||
| Q2 25 | $183.2M | $1.8B | ||
| Q1 25 | $133.9M | $1.6B | ||
| Q4 24 | $140.6M | $1.4B | ||
| Q3 24 | $135.8M | $1.3B | ||
| Q2 24 | $123.4M | $1.1B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.4B | $6.5B | ||
| Q3 25 | $4.6B | $6.4B | ||
| Q2 25 | $4.5B | $5.3B | ||
| Q1 25 | $4.2B | $5.0B | ||
| Q4 24 | $4.2B | $4.7B | ||
| Q3 24 | $4.3B | $4.7B | ||
| Q2 24 | $4.2B | $4.2B |
| Q1 26 | 19.13× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 20.28× | — | ||
| Q2 25 | 17.57× | 0.64× | ||
| Q1 25 | 23.56× | 0.71× | ||
| Q4 24 | 22.17× | 0.80× | ||
| Q3 24 | 23.51× | 0.90× | ||
| Q2 24 | 26.04× | 1.04× |
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 | — | $448.3M |
| Free Cash FlowOCF − Capex | $2.0B | $431.0M |
| FCF MarginFCF / Revenue | 260.1% | 54.7% |
| Capex IntensityCapex / Revenue | 5.5% | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.2B | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $448.3M | ||
| Q3 25 | $61.5M | $250.6M | ||
| Q2 25 | $21.4M | $211.1M | ||
| Q1 25 | $-12.8M | $179.4M | ||
| Q4 24 | $77.0M | $331.3M | ||
| Q3 24 | $168.9M | $203.6M | ||
| Q2 24 | $45.8M | $173.4M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $124.2M | $431.0M | ||
| Q3 25 | $46.7M | $190.6M | ||
| Q2 25 | $7.9M | $138.9M | ||
| Q1 25 | $-33.8M | $164.4M | ||
| Q4 24 | $42.4M | $314.3M | ||
| Q3 24 | $141.5M | $154.2M | ||
| Q2 24 | $27.3M | $137.8M |
| Q1 26 | 260.1% | — | ||
| Q4 25 | 15.9% | 54.7% | ||
| Q3 25 | 5.6% | 26.5% | ||
| Q2 25 | 1.1% | 20.5% | ||
| Q1 25 | -5.1% | 25.4% | ||
| Q4 24 | 5.8% | 50.1% | ||
| Q3 24 | 17.6% | 26.0% | ||
| Q2 24 | 3.9% | 24.9% |
| Q1 26 | 5.5% | — | ||
| Q4 25 | 3.2% | 2.2% | ||
| Q3 25 | 1.8% | 8.3% | ||
| Q2 25 | 1.9% | 10.6% | ||
| Q1 25 | 3.2% | 2.3% | ||
| Q4 24 | 4.7% | 2.7% | ||
| Q3 24 | 3.4% | 8.3% | ||
| Q2 24 | 2.6% | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | -0.45× | — | ||
| Q4 24 | 3.45× | — | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | — | 9.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
