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Energizer Holdings, Inc (ENR) Financials

ENR
Trailing 12 months to June 30, 2026
Revenue $3.0B +2.2% YoY
Net Income $81.5M -67.6% YoY
EPS (Diluted) $3.32 FY2025 annual
Free Cash Flow $150.6M -4.7% YoY
Market Cap $1.5B as of Oct 13, 2026
Price / Sales 0.5x on $3.0B revenue, trailing 12 months to June 30, 2026
Price / Earnings 18.4x on $81.5M net income, trailing 12 months to June 30, 2026
Price / Book 7.4x on $203.2M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ENR SEC filings page.

Energizer Holdings, Inc (ENR) reported $3.0B in revenue over the twelve months to Jun 30, 2026, up 2.2% from the prior twelve months. This page shows its 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).

Rhea AI ENR FY2025

Energizer’s 2025 rebound came from a wider product-level spread, but cash generation remained far weaker than reported profit.

Gross margin rose from 38.0% in FY2024 to 41.8% in FY2025 while revenue was nearly flat, so the improvement reflects lower product costs or mix rather than simply more volume. Yet net income of $239M exceeded operating cash flow of $147M, and free cash flow fell to $63.2M from $331.7M, showing that the accounting rebound did not translate proportionally into cash.

The company operates with a thin equity cushion: liabilities were $4.39B against assets of $4.56B in FY2025. Debt-to-equity was 20.1x, while the 2.1x current ratio indicates better near-term coverage than the capital structure suggests, not low leverage.

Capital spending rose to $83.9M and inventory reached $781.2M in FY2025. That combination helps explain why cash available after investment was only $63.2M despite positive earnings, making cash conversion the key operating constraint.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 25 / 100
Financial Health Score 25/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Energizer Holdings, Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
0

Not available for Energizer Holdings, Inc, and counted as zero in the overall score.

Growth
30

Energizer Holdings, Inc's revenue grew a modest 2.3% year-over-year to $3.0B. This slow but positive growth earns a score of 30/100.

Leverage
2

Energizer Holdings, 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 2/100, reflecting increased financial risk.

Liquidity
62

Energizer Holdings, Inc's current ratio of 2.11 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
53

Energizer Holdings, Inc has a free cash flow margin of 2.1%, earning a moderate score of 53/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
0

Not available for Energizer Holdings, Inc, and counted as zero in the overall score.

Piotroski F-Score Neutral
6/9

Energizer Holdings, Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
0.62x

For every $1 of reported earnings, Energizer Holdings, 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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Earnings & Revenue

Revenue
$734.1M
YoY+1.2%
QoQ+14.1%
5Y CAGR+0.3%
10Y CAGR+7.4%

Energizer Holdings, Inc generated $734.1M in revenue in Q3 2026. This represents an increase of 1.2% from the same quarter a year earlier. Against the prior quarter it is up 14.1%.

Net Income
$39.9M
YoY-74.0%
QoQ+295.0%
5Y CAGR+13.9%
10Y CAGR+5.1%

Energizer Holdings, Inc reported $39.9M in net income in Q3 2026. This represents a decrease of 74.0% from the same quarter a year earlier. Against the prior quarter it is up 295.0%.

EPS (Diluted)
$0.58
YoY-72.8%
QoQ+286.7%

Energizer Holdings, Inc earned $0.58 per diluted share (EPS) in Q3 2026. This represents a decrease of 72.8% from the same quarter a year earlier. Against the prior quarter it is up 286.7%.

EBITDA

Not reported for Q3 2026.

Cash & Balance Sheet

Free Cash Flow
-$900K
YoY-111.4%
QoQ+95.4%

Energizer Holdings, Inc recorded an outflow of $900K in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 111.4% from the same quarter a year earlier. Against the prior quarter it is up 95.4%.

Cash & Debt
$173.4M
YoY+1.3%
QoQ+0.5%
5Y CAGR-3.5%

Energizer Holdings, Inc held $173.4M in cash against $3.3B in long-term debt as of Q3 2026.

Dividends Per Share
$0.30
YoY0.0%
QoQ0.0%

Energizer Holdings, Inc paid $0.30 per share in dividends in Q3 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
68M
YoY+0.3%
QoQ0.0%
5Y CAGR0.0%
10Y CAGR+1.0%

Energizer Holdings, Inc had 68M shares outstanding in Q3 2026. This represents an increase of 0.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin
38.2%
YoY-16.9pp
QoQ-2.0pp
5Y change+0.4pp
10Y change-4.4pp

Energizer Holdings, Inc's gross margin was 38.2% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 16.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.0 percentage points.

Net Margin
5.4%
YoY-15.7pp
QoQ+3.9pp
5Y change+2.6pp
10Y change-1.3pp

Energizer Holdings, Inc's net profit margin was 5.4% in Q3 2026, showing the share of revenue converted to profit. This is down 15.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.9 percentage points.

Return on Equity
19.6%
YoY-64.1pp
QoQ+13.8pp
5Y change+13.5pp

Energizer Holdings, Inc's ROE was 19.6% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 64.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.8 percentage points.

Operating Margin

Not reported for Q3 2026.

Capital Allocation

R&D Spending
$7.4M
YoY-9.8%
QoQ-2.6%
5Y CAGR-2.0%

Energizer Holdings, Inc invested $7.4M in research and development in Q3 2026. This represents a decrease of 9.8% from the same quarter a year earlier. Against the prior quarter it is down 2.6%.

Share Buybacks
$0
YoY-100.0%
QoQ-100.0%

Energizer Holdings, Inc repurchased no shares in Q3 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

Capital Expenditures
$9.1M
YoY-32.6%
QoQ-48.6%
5Y CAGR-17.3%
10Y CAGR+9.7%

Energizer Holdings, Inc invested $9.1M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 32.6% from the same quarter a year earlier. Against the prior quarter it is down 48.6%.

ENR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ENR quarterly income statement
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Revenue$734.1M+1.2%$643.3M-3.0%$778.9M+6.5%$832.8M+3.4%$725.3M+3.4%$662.9M-0.1%$731.7M+2.1%$805.7M-0.7%
Cost of Revenue$453.5M+39.3%$384.5M-4.8%$522.3M+13.0%$528.4M+5.9%$325.6M-23.2%$403.9M-1.5%$462.1M+2.8%$498.9M-1.0%
Gross Profit$280.6M-29.8%$258.8M-0.1%$256.6M-4.8%$304.4M-0.8%$399.7M+44.2%$259.0M+2.3%$269.6M+1.0%$306.8M-0.2%
R&D Expenses$7.4M-9.8%$7.6M-6.2%$7.8M-2.5%$8.3M-2.4%$8.2M+10.8%$8.1M+2.5%$8.0M+2.6%$8.5M0.0%
SG&A Expenses$129.3M+0.8%$133.1M-2.1%$149.3M+13.7%$136.8M-6.4%$128.3M-1.0%$136.0M+11.0%$131.3M+2.5%$146.1M+8.5%
Interest Expense$39.7M+1.8%$39.3M+3.4%$39.1M+5.7%$40.3M+6.6%$39.0M+1.3%$38.0M-1.8%$37.0M-9.1%$37.8M-9.1%
Income Tax$9.9M-7.5%$11.6M+43.2%-$1.4M-117.9%$18.5M+55.5%$10.7M+178.1%$8.1M-19.0%$7.8M+4.0%$11.9M+310.3%
Net Income$39.9M-74.0%$10.1M-64.3%-$3.4M-115.2%$34.9M-26.7%$153.5M+450.5%$28.3M-12.7%$22.3M+1073.7%$47.6M+141.6%
EPS (Basic)$0.58-73.1%$0.15-61.5%-$0.05-116.1%$0.53-19.7%$2.16+454.1%$0.39-13.3%$0.31+933.3%$0.66+135.7%
EPS (Diluted)$0.58-72.8%$0.15-61.5%-$0.05-116.7%N/A$2.13+449.2%$0.39-13.3%$0.30+900.0%N/A
Diluted Shares (Avg)69M-4.0%69M-5.7%68M-6.6%N/A72M+0.4%73M+1.0%73M+0.8%N/A

Not reported in any period shown, so not listed: Operating Income, EBITDA.

ENR Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ENR quarterly balance sheet
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Total Assets$4.5B-1.1%$4.4B+4.4%$4.4B+5.0%$4.6B+4.9%$4.5B+6.5%$4.2B-1.7%$4.2B-4.4%$4.3B-3.7%
Current Assets$1.6B-2.6%$1.5B+7.5%$1.6B+11.1%$1.7B+13.5%$1.6B+17.9%$1.4B+2.7%$1.4B-4.4%$1.5B-5.0%
Cash & Equivalents$173.4M+1.3%$172.5M+23.8%$214.8M+9.6%$236.2M+8.9%$171.1M+16.6%$139.3M-11.9%$195.9M-18.9%$216.9M-2.9%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$747.8M-14.1%$743.6M-0.7%$720.7M+8.1%$781.2M+18.8%$870.1M+26.7%$748.6M+12.4%$666.7M+4.1%$657.3M+1.2%
Accounts Receivable$366.9M+13.3%$309.6M+1.5%$372.8M+6.6%$404.2M-8.4%$323.7M-12.3%$305.1M-8.6%$349.7M-7.1%$441.3M-13.7%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$1.0B-0.2%$1.0B+1.0%$1.1B+1.9%$1.1B+0.5%$1.1B+1.4%$1.0B+1.5%$1.0B+0.8%$1.0B+2.9%
Total Liabilities$4.3B-1.6%$4.2B+3.6%$4.3B+5.2%$4.4B+4.3%$4.3B+5.2%$4.1B-0.4%$4.1B-3.8%$4.2B-2.1%
Current Liabilities$772.2M-16.5%$732.0M-2.3%$783.9M+0.1%$795.0M-3.0%$924.3M+31.9%$749.5M+12.2%$783.3M+8.1%$819.8M+11.7%
Non-Current Liabilities$3.5B+2.4%$3.5B+5.0%$3.5B+6.4%$3.6B+6.1%$3.4B-0.3%$3.3B-2.9%$3.3B-6.3%$3.4B-5.0%
Long-Term Debt$3.3B+2.4%$3.3B+4.7%$3.3B+6.5%$3.4B+6.7%$3.2B+0.2%$3.2B-2.2%$3.1B-5.6%$3.2B-4.2%
Total Equity$203.2M+10.9%$173.2M+29.4%$141.3M+0.5%$169.9M+25.1%$183.2M+48.5%$133.9M-30.0%$140.6M-17.6%$135.8M-35.5%
Retained Earnings$66.5M-9.4%$47.9M+159.9%$59.2M+154.8%$87.0M+167.8%$73.4M+141.7%-$79.9M+39.4%-$108.1M+34.2%-$128.4M+22.1%

ENR Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ENR quarterly cash flow statement
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Operating Cash Flow$8.2M-61.7%-$1.7M+86.7%$149.5M+94.2%$61.5M-63.6%$21.4M-53.3%-$12.8M-134.8%$77.0M-56.8%$168.9M+70.8%
Depreciation & Amortization$29.9M-6.3%$31.1M+0.6%$31.6M-0.6%$32.1M+3.9%$31.9M+3.9%$30.9M+6.9%$31.8M+6.0%$30.9M+4.0%
Stock-Based CompensationN/AN/A$8.7M+40.3%N/AN/AN/A$6.2M-1.6%N/A
Capital Expenditures$9.1M-32.6%$17.7M-15.7%$25.3M-26.9%$14.8M-46.0%$13.5M-27.0%$21.0M-20.8%$34.6M+35.7%$27.4M+28.0%
Free Cash Flow-$900K-111.4%-$19.4M+42.6%$124.2M+192.9%$46.7M-67.0%$7.9M-71.1%-$33.8M-428.2%$42.4M-72.2%$141.5M+82.6%
Investing Cash Flow-$9.1M+65.3%-$16.6M+21.0%-$25.3M+27.1%-$16.3M+34.8%-$26.2M-7.4%-$21.0M+23.6%-$34.7M+6.5%-$25.0M-16.8%
Financing Cash Flow$1.5M-95.3%-$23.2M+9.4%-$145.8M-159.9%$20.7M+127.1%$31.9M+206.3%-$25.6M+69.2%-$56.1M+49.4%-$76.4M-58.5%
Dividends Paid$20.6M-3.3%$20.6M-5.1%$23.3M-1.3%$20.5M-5.1%$21.3M-1.4%$21.7M+0.9%$23.6M+4.0%$21.6M+0.5%
Share Buybacks$0-100.0%$900K$4.5M$27.1M$62.6M$0$0$0

ENR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ENR quarterly financial ratios
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Gross Margin38.2%-16.9pp40.2%+1.2pp32.9%-3.9pp36.5%-1.5pp55.1%+15.6pp39.1%+0.9pp36.9%-0.4pp38.1%+0.2pp
Net Margin5.4%-15.7pp1.6%-2.7pp-0.4%-3.5pp4.2%-1.7pp21.2%+27.4pp4.3%-0.6pp3.0%+2.8pp5.9%+3.5pp
Return on Equity19.6%-64.1pp5.8%-15.3pp-2.4%-18.3pp20.5%-14.5pp83.8%+119.3pp21.1%+4.2pp15.9%+14.8pp35.0%+25.7pp
Return on Assets0.9%-2.5pp0.2%-0.4pp-0.1%-0.6pp0.8%-0.3pp3.4%+4.4pp0.7%-0.1pp0.5%+0.5pp1.1%+0.7pp
Current Ratio2.07+0.3x2.05+0.2x1.99+0.2x2.11+0.3x1.78-0.2x1.86-0.2x1.80-0.2x1.80-0.3x
Debt-to-Equity16.22-1.4x19.08-4.5x23.49+1.3x20.06-3.5x17.57-8.5x23.56+6.7x22.17+2.8x23.51+7.7x
Asset Turnover0.160.0x0.150.0x0.180.0x0.180.0x0.160.0x0.160.0x0.170.0x0.190.0x
FCF Margin-0.1%-1.2pp-3.0%+2.1pp16.0%+10.2pp5.6%-12.0pp1.1%-2.8pp-5.1%-6.7pp5.8%-15.5pp17.6%+8.0pp

Not reported in any period shown, so not listed: Operating Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Energizer Holdings, Inc ENR FY2025 $3.0B $239.0M 8.1% $1.5B 25/100
Atkore Inc. ATKR FY2025 $2.9B -$15.2M -0.5% $3.2B 55/100
Preformed Line Products Co PLPC FY2025 $669.3M $35.3M 5.3% $1.9B 68/100
Eos Energy Enterprises, Inc. EOSE FY2025 $114.2M -$969.6M N/A $870.4M 43/100
Amprius Technologies, Inc. AMPX FY2025 $73.0M -$44.0M -60.3% $1.3B 53/100
Enovix Corporation ENVX FY2025 $31.8M -$156.7M N/A $568.4M 65/100

Frequently Asked Questions

What is Energizer Holdings, Inc's annual revenue?

Energizer Holdings, 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 Holdings, Inc's revenue growing?

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

Is Energizer Holdings, Inc profitable?

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

Energizer Holdings, 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.

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

Energizer Holdings, 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.

Energizer Holdings, 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.

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

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

Energizer Holdings, 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.

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

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

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

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

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

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

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

Energizer Holdings, 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.

Energizer Holdings, 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.

Energizer Holdings, Inc (ENR) trades at 18.4x earnings, its market capitalization divided by net income of $81.5M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.5B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Energizer Holdings, Inc (ENR) trades at 0.5x sales, its market capitalization divided by revenue of $3.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.5B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Energizer Holdings, Inc (ENR) has a Piotroski F-Score of 6 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Energizer Holdings, 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.

Energizer Holdings, Inc (ENR) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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