Energizer Hldgs Inc Financials

ENR

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE September

This page shows Energizer Hldgs Inc (ENR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 42/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Energizer Hldgs Inc's revenue grew a modest 2.3% year-over-year to $3.0B. This slow but positive growth earns a score of 35/100.

Leverage

Energizer Hldgs Inc has elevated debt relative to equity (D/E of 20.06), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Energizer Hldgs Inc's current ratio of 2.11 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Energizer Hldgs Inc's free cash flow margin of 2.1% results in a low score of 11/100. Capital expenditures of $83.9M absorb a large share of operating cash flow.

Returns

100

Energizer Hldgs Inc earns a strong 140.7% return on equity (ROE), meaning it generates $141 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 28.1% the prior year.

Piotroski F-Score Neutral

5/9

Energizer Hldgs Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.62x

For every $1 of reported earnings, Energizer Hldgs Inc generates $0.62 in operating cash flow ($147.1M OCF vs $239.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$3.0B

YoY+2.3%

5Y CAGR+1.5%

10Y CAGR+6.1%

Energizer Hldgs Inc generated $3.0B in revenue in fiscal year 2025. This represents an increase of 2.3% from the prior year.

EBITDA

N/A

Free Cash Flow

$63.2M

YoY-80.9%

5Y CAGR-27.3%

10Y CAGR-6.3%

Energizer Hldgs Inc generated $63.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 80.9% from the prior year.

Net Income

$239.0M

YoY+527.3%

Energizer Hldgs Inc reported $239.0M in net income in fiscal year 2025. This represents an increase of 527.3% from the prior year.

EPS (Diluted)

$3.32

YoY+538.5%

Energizer Hldgs Inc earned $3.32 per diluted share (EPS) in fiscal year 2025. This represents an increase of 538.5% from the prior year.

Cash & Debt

$236.2M

YoY+8.9%

5Y CAGR-12.5%

10Y CAGR-7.3%

Energizer Hldgs Inc held $236.2M in cash against $3.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.20

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+17.0%

Energizer Hldgs Inc paid $1.20 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

68M

5Y CAGR-0.0%

10Y CAGR+1.0%

Energizer Hldgs Inc had 68M shares outstanding in fiscal year 2025.

Gross Margin

41.8%

YoY+3.5pp

5Y CAGR+2.3pp

10Y CAGR-4.6pp

Energizer Hldgs Inc's gross margin was 41.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.5 percentage points from the prior year.

Operating Margin

N/A

Net Margin

8.1%

YoY+6.8pp

5Y CAGR+11.5pp

10Y CAGR+8.3pp

Energizer Hldgs Inc's net profit margin was 8.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.8 percentage points from the prior year.

Return on Equity

140.7%

YoY+112.6pp

Energizer Hldgs Inc's ROE was 140.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 112.6 percentage points from the prior year.

R&D Spending

$32.6M

YoY+3.2%

5Y CAGR-1.6%

10Y CAGR+2.7%

Energizer Hldgs Inc invested $32.6M in research and development in fiscal year 2025. This represents an increase of 3.2% from the prior year.

Share Buybacks

$89.7M

5Y CAGR+14.8%

Energizer Hldgs Inc spent $89.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$83.9M

YoY-14.3%

5Y CAGR+5.1%

10Y CAGR+7.6%

Energizer Hldgs Inc invested $83.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 14.3% from the prior year.

ENR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.0B+2.3%	$2.9B-2.5%	$3.0B-3.0%	$3.1B+0.9%	$3.0B+10.1%	$2.7B
Cost of Revenue	$1.7B-3.5%	$1.8B-2.9%	$1.8B-4.9%	$1.9B+3.8%	$1.9B+11.9%	$1.7B
Gross Profit	$1.2B+11.6%	$1.1B-1.8%	$1.1B+0.4%	$1.1B-3.6%	$1.2B+7.3%	$1.1B
R&D Expenses	$32.6M+3.2%	$31.6M-4.0%	$32.9M-5.2%	$34.7M+0.6%	$34.5M-2.5%	$35.4M
SG&A Expenses	$532.4M+1.2%	$526.3M+7.5%	$489.4M+1.0%	$484.5M-0.6%	$487.2M+0.8%	$483.3M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$154.3M-0.9%	$155.7M-7.7%	$168.7M+6.5%	$158.4M-2.1%	$161.8M-17.0%	$195.0M
Income Tax	$45.1M+187.3%	$15.7M-55.4%	$35.2M+147.6%	-$74.0M-1004.5%	-$6.7M-132.1%	$20.9M
Net Income	$239.0M+527.3%	$38.1M-72.9%	$140.5M+160.7%	-$231.5M-243.9%	$160.9M+272.5%	-$93.3M
EPS (Diluted)	$3.32+538.5%	$0.52-73.2%	$1.94+157.6%	$-3.37-259.7%	$2.11+233.5%	$-1.58

Metric	Q1'25	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q1'23	Q3'23
Revenue	$778.9M+7.4%	$725.3M+9.4%	$662.9M-9.4%	$731.7M+4.3%	$701.4M+5.7%	$663.3M-7.4%	$716.6M+2.5%	$699.4M
Cost of Revenue	$522.3M+60.4%	$325.6M-19.4%	$403.9M-12.6%	$462.1M+8.9%	$424.2M+3.5%	$410.0M-8.8%	$449.6M+3.5%	$434.3M
Gross Profit	$256.6M-35.8%	$399.7M+54.3%	$259.0M-3.9%	$269.6M-2.7%	$277.2M+9.4%	$253.3M-5.1%	$267.0M+0.7%	$265.1M
R&D Expenses	$7.8M-4.9%	$8.2M+1.2%	$8.1M+1.3%	$8.0M+8.1%	$7.4M-6.3%	$7.9M+1.3%	$7.8M-11.4%	$8.8M
SG&A Expenses	$149.3M+16.4%	$128.3M-5.7%	$136.0M+3.6%	$131.3M+1.3%	$129.6M+5.8%	$122.5M-4.4%	$128.1M+10.3%	$116.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$39.1M+0.3%	$39.0M+2.6%	$38.0M+2.7%	$37.0M-3.9%	$38.5M-0.5%	$38.7M-4.9%	$40.7M-3.6%	$42.2M
Income Tax	-$1.4M-113.1%	$10.7M+32.1%	$8.1M+3.8%	$7.8M+156.9%	-$13.7M-237.0%	$10.0M+33.3%	$7.5M-12.8%	$8.6M
Net Income	-$3.4M-102.2%	$153.5M+442.4%	$28.3M+26.9%	$22.3M+150.9%	-$43.8M-235.2%	$32.4M+1605.3%	$1.9M-94.0%	$31.8M
EPS (Diluted)	$-0.05-102.3%	$2.13+446.2%	$0.39+30.0%	$0.30+149.2%	$-0.61-235.6%	$0.45+1400.0%	$0.03-93.2%	$0.44

ENR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.6B+4.9%	$4.3B-3.7%	$4.5B-1.4%	$4.6B-8.7%	$5.0B-12.6%	$5.7B
Current Assets	$1.7B+13.5%	$1.5B-5.0%	$1.6B-2.1%	$1.6B+10.5%	$1.4B-34.9%	$2.2B
Cash & Equivalents	$236.2M+8.9%	$216.9M-2.9%	$223.3M+8.8%	$205.3M-14.1%	$238.9M-48.0%	$459.8M
Inventory	$781.2M+18.8%	$657.3M+1.2%	$649.7M-15.8%	$771.6M+5.9%	$728.3M+42.4%	$511.3M
Accounts Receivable	$404.2M-8.4%	$441.3M-13.7%	$511.6M+21.3%	$421.7M+44.0%	$292.9M+0.3%	$292.0M
Goodwill	$1.1B+0.5%	$1.0B+2.9%	$1.0B+1.3%	$1.0B-4.8%	$1.1B0.0%	$1.1B
Total Liabilities	$4.4B+4.3%	$4.2B-2.1%	$4.3B-3.2%	$4.4B-4.5%	$4.7B-14.2%	$5.4B
Current Liabilities	$795.0M-3.0%	$819.8M+11.7%	$734.2M+5.2%	$697.9M-26.3%	$946.4M-42.6%	$1.6B
Long-Term Debt	$3.4B+6.7%	$3.2B-4.2%	$3.3B-4.8%	$3.5B+5.0%	$3.3B+0.8%	$3.3B
Total Equity	$169.9M+25.1%	$135.8M-35.5%	$210.7M+61.3%	$130.6M-63.3%	$355.7M+15.1%	$309.1M
Retained Earnings	$87.0M+167.8%	-$128.4M+22.1%	-$164.8M+45.9%	-$304.7M-5994.0%	-$5.0M+92.4%	-$66.2M

Metric	Q1'25	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q1'23	Q3'23
Total Assets	$4.4B-1.6%	$4.5B+7.2%	$4.2B-0.4%	$4.2B-2.6%	$4.3B+1.3%	$4.3B-3.1%	$4.4B-1.9%	$4.5B
Current Assets	$1.6B-4.9%	$1.6B+17.8%	$1.4B-0.8%	$1.4B-4.9%	$1.5B+8.9%	$1.4B-7.7%	$1.5B-5.5%	$1.6B
Cash & Equivalents	$214.8M+25.5%	$171.1M+22.8%	$139.3M-28.9%	$195.9M-9.7%	$216.9M+37.2%	$158.1M-34.6%	$241.7M+8.2%	$223.3M
Inventory	$720.7M-17.2%	$870.1M+16.2%	$748.6M+12.3%	$666.7M+1.4%	$657.3M-1.3%	$666.1M+4.0%	$640.6M-1.4%	$649.7M
Accounts Receivable	$372.8M+15.2%	$323.7M+6.1%	$305.1M-12.8%	$349.7M-20.8%	$441.3M+32.2%	$333.9M-11.3%	$376.4M-26.4%	$511.6M
Goodwill	$1.1B+0.1%	$1.1B+1.2%	$1.0B+0.6%	$1.0B-1.4%	$1.0B+2.3%	$1.0B-0.1%	$1.0B+0.7%	$1.0B
Total Liabilities	$4.3B-0.7%	$4.3B+6.2%	$4.1B-0.3%	$4.1B-2.8%	$4.2B+2.7%	$4.1B-3.7%	$4.3B-1.1%	$4.3B
Current Liabilities	$783.9M-15.2%	$924.3M+23.3%	$749.5M-4.3%	$783.3M-4.5%	$819.8M+22.7%	$668.1M-7.8%	$724.4M-1.3%	$734.2M
Long-Term Debt	$3.3B+3.1%	$3.2B+2.0%	$3.2B+1.2%	$3.1B-2.4%	$3.2B-1.0%	$3.2B-2.3%	$3.3B-0.9%	$3.3B
Total Equity	$141.3M-22.9%	$183.2M+36.8%	$133.9M-4.8%	$140.6M+3.5%	$135.8M-29.0%	$191.3M+12.1%	$170.6M-19.0%	$210.7M
Retained Earnings	$59.2M-19.3%	$73.4M+191.9%	-$79.9M+26.1%	-$108.1M+15.8%	-$128.4M+2.7%	-$131.9M+19.7%	-$164.3M+0.3%	-$164.8M

ENR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$147.1M-65.8%	$429.6M+8.7%	$395.2M+39420.0%	$1.0M-99.4%	$179.7M-52.3%	$376.4M
Capital Expenditures	$83.9M-14.3%	$97.9M+72.4%	$56.8M-27.0%	$77.8M+19.9%	$64.9M-0.6%	$65.3M
Free Cash Flow	$63.2M-80.9%	$331.7M-2.0%	$338.4M+540.6%	-$76.8M-166.9%	$114.8M-63.1%	$311.1M
Investing Cash Flow	-$98.2M+13.9%	-$114.0M-103.2%	-$56.1M+38.3%	-$90.9M+28.1%	-$126.4M-158.3%	$216.9M
Financing Cash Flow	-$29.1M+90.3%	-$300.3M+2.9%	-$309.4M-491.2%	$79.1M+107.4%	-$1.1B-372.0%	$393.1M
Dividends Paid	$87.1M-0.3%	$87.4M+1.3%	$86.3M+1.6%	$84.9M+1.2%	$83.9M-1.8%	$85.4M
Share Buybacks	$89.7M	$0	$0	$0-100.0%	$96.3M+114.0%	$45.0M

Metric	Q1'25	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q1'23	Q3'23
Operating Cash Flow	$149.5M+598.6%	$21.4M+267.2%	-$12.8M-116.6%	$77.0M-54.4%	$168.9M+359.0%	$36.8M-79.3%	$178.1M+80.1%	$98.9M
Capital Expenditures	$25.3M+87.4%	$13.5M-35.7%	$21.0M-39.3%	$34.6M+26.3%	$27.4M+3.4%	$26.5M+3.9%	$25.5M+19.2%	$21.4M
Free Cash Flow	$124.2M+1472.2%	$7.9M+123.4%	-$33.8M-179.7%	$42.4M-70.0%	$141.5M+1273.8%	$10.3M-93.3%	$152.6M+96.9%	$77.5M
Investing Cash Flow	-$25.3M+3.4%	-$26.2M-24.8%	-$21.0M+39.5%	-$34.7M-38.8%	-$25.0M+9.1%	-$27.5M+25.9%	-$37.1M-73.4%	-$21.4M
Financing Cash Flow	-$145.8M-557.1%	$31.9M+224.6%	-$25.6M+54.4%	-$56.1M+26.6%	-$76.4M+8.1%	-$83.1M+25.0%	-$110.8M-129.9%	-$48.2M
Dividends Paid	$23.3M+9.4%	$21.3M-1.8%	$21.7M-8.1%	$23.6M+9.3%	$21.6M+0.5%	$21.5M-5.3%	$22.7M+5.6%	$21.5M
Share Buybacks	$4.5M	N/A	N/A	$0	$0	N/A	N/A	N/A

ENR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	41.8%+3.5pp	38.3%+0.3pp	38.0%+1.3pp	36.7%-1.7pp	38.4%-1.0pp	39.4%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.1%+6.8pp	1.3%-3.4pp	4.8%+12.3pp	-7.6%-12.9pp	5.3%+8.7pp	-3.4%
Return on Equity	140.7%+112.6pp	28.1%-38.6pp	66.7%	N/A	45.2%	N/A
Return on Assets	5.3%+4.4pp	0.9%-2.2pp	3.1%+8.2pp	-5.1%-8.3pp	3.2%+4.8pp	-1.6%
Current Ratio	2.11+0.3	1.80-0.3	2.12-0.2	2.28+0.8	1.52+0.2	1.34
Debt-to-Equity	20.06-3.5	23.51+7.7	15.81-11.0	26.79+17.4	9.37-1.3	10.70
FCF Margin	2.1%-9.3pp	11.5%+0.1pp	11.4%+14.0pp	-2.5%-6.3pp	3.8%-7.5pp	11.3%

Metric	Q1'25	Q3'25	Q2'25	Q1'24	Q3'24	Q2'24	Q1'23	Q3'23
Gross Margin	32.9%-22.2pp	55.1%+16.0pp	39.1%+2.2pp	36.9%-2.7pp	39.5%+1.3pp	38.2%+0.9pp	37.3%-0.6pp	37.9%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-0.4%-21.6pp	21.2%+16.9pp	4.3%+1.2pp	3.0%+9.3pp	-6.2%-11.1pp	4.9%+4.6pp	0.3%-4.3pp	4.5%
Return on Equity	N/A	83.8%+62.6pp	21.1%+5.3pp	15.9%	N/A	16.9%+15.8pp	1.1%-17.9pp	19.1%
Return on Assets	-0.1%-3.5pp	3.4%+2.7pp	0.7%+0.1pp	0.5%+1.6pp	-1.0%-1.8pp	0.8%+0.7pp	0.0%-0.7pp	0.7%
Current Ratio	1.99+0.2	1.78-0.1	1.86+0.1	1.800.0	1.80-0.2	2.030.0	2.03-0.1	2.12
Debt-to-Equity	23.49+5.9	17.57-6.0	23.56+1.4	22.17-1.3	23.51+6.6	16.86-2.5	19.36+3.5	15.81
FCF Margin	16.0%+14.9pp	1.1%+6.2pp	-5.1%-10.9pp	5.8%+1.9pp	3.9%+2.3pp	1.6%-19.8pp	21.3%+11.4pp	9.9%

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Frequently Asked Questions

What is Energizer Hldgs Inc's annual revenue?

Energizer Hldgs Inc (ENR) reported $3.0B in total revenue for fiscal year 2025. This represents a 2.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Energizer Hldgs Inc's revenue growing?

Energizer Hldgs Inc (ENR) revenue grew by 2.3% year-over-year, from $2.9B to $3.0B in fiscal year 2025.

Is Energizer Hldgs Inc profitable?

Yes, Energizer Hldgs Inc (ENR) reported a net income of $239.0M in fiscal year 2025, with a net profit margin of 8.1%.

What is Energizer Hldgs Inc's earnings per share (EPS)?

Energizer Hldgs Inc (ENR) reported diluted earnings per share of $3.32 for fiscal year 2025. This represents a 538.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Energizer Hldgs Inc have?

As of fiscal year 2025, Energizer Hldgs Inc (ENR) had $236.2M in cash and equivalents against $3.4B in long-term debt.

What is Energizer Hldgs Inc's gross margin?

Energizer Hldgs Inc (ENR) had a gross margin of 41.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Energizer Hldgs Inc's net profit margin?

Energizer Hldgs Inc (ENR) had a net profit margin of 8.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Energizer Hldgs Inc pay dividends?

Yes, Energizer Hldgs Inc (ENR) paid $1.20 per share in dividends during fiscal year 2025.

What is Energizer Hldgs Inc's return on equity (ROE)?

Energizer Hldgs Inc (ENR) has a return on equity of 140.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Energizer Hldgs Inc's free cash flow?

Energizer Hldgs Inc (ENR) generated $63.2M in free cash flow during fiscal year 2025. This represents a -80.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Energizer Hldgs Inc's operating cash flow?

Energizer Hldgs Inc (ENR) generated $147.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Energizer Hldgs Inc's total assets?

Energizer Hldgs Inc (ENR) had $4.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Energizer Hldgs Inc's capital expenditures?

Energizer Hldgs Inc (ENR) invested $83.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Energizer Hldgs Inc spend on research and development?

Energizer Hldgs Inc (ENR) invested $32.6M in research and development during fiscal year 2025.

Does Energizer Hldgs Inc buy back shares?

Yes, Energizer Hldgs Inc (ENR) spent $89.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Energizer Hldgs Inc have outstanding?

Energizer Hldgs Inc (ENR) had 68M shares outstanding as of fiscal year 2025.

What is Energizer Hldgs Inc's current ratio?

Energizer Hldgs Inc (ENR) had a current ratio of 2.11 as of fiscal year 2025, which is generally considered healthy.

What is Energizer Hldgs Inc's debt-to-equity ratio?

Energizer Hldgs Inc (ENR) had a debt-to-equity ratio of 20.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Energizer Hldgs Inc's return on assets (ROA)?

Energizer Hldgs Inc (ENR) had a return on assets of 5.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Energizer Hldgs Inc's Piotroski F-Score?

Energizer Hldgs Inc (ENR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Energizer Hldgs Inc's earnings high quality?

Energizer Hldgs Inc (ENR) has an earnings quality ratio of 0.62x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Energizer Hldgs Inc?

Energizer Hldgs Inc (ENR) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.