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

Energizer Hldgs 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

Margin recovery was offset by weak cash conversion, leaving Energizer’s operations supported by a heavily debt-funded balance sheet.

Between FY2024 and FY2025, net margin improved while operating cash flow fell sharply, weakening the cash quality of the earnings rebound. Inventory rose materially to $781M while FCF margin dropped to 2.1%, linking the shortfall to working-capital absorption and reinvestment rather than reported profitability alone.

FY2025 revenue was $2.95B, essentially matching FY2023’s $2.96B, so volume was not the main driver. Gross margin expanded from 38.0% to 41.8% while cost of revenue fell despite similar sales, pointing to cost or mix improvement rather than scale-led growth.

FY2025 debt-to-equity stood at 20.1x, with long-term debt of $3.41B relative to a thin equity base; that structure magnifies how financing costs affect reported earnings. A 2.1x current ratio provides near-term asset coverage for current obligations but does not change the company’s long-term reliance on lenders.

[ 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 Hldgs 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 Hldgs Inc, and counted as zero in the overall score.

Growth
31

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 31/100.

Leverage
2

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 2/100, reflecting increased financial risk.

Liquidity
61

Energizer Hldgs Inc's current ratio of 2.11 indicates adequate short-term liquidity, earning a score of 61/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
55

Energizer Hldgs Inc has a free cash flow margin of 2.1%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
0

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

Piotroski F-Score Neutral
6/9

Energizer Hldgs 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 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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Earnings & Revenue

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.

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.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

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.

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
YoY0.0%
5Y CAGR0.0%
10Y CAGR+17.0%

Energizer Hldgs Inc paid $1.20 per share in dividends in fiscal year 2025. That is unchanged from the prior year.

Shares Outstanding
68M
YoY-4.9%
5Y CAGR0.0%
10Y CAGR+0.9%

Energizer Hldgs Inc had 68M shares outstanding in fiscal year 2025. This represents a decrease of 4.9% from the prior year.

Margins & Returns

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.

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
5Y CAGR+170.9pp

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.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

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

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ENR quarterly income statement
MetricQ3'26Q2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24
Revenue$734.1M+14.1%$643.3M-17.4%$778.9M-6.5%$832.8M+14.8%$725.3M+9.4%$662.9M-9.4%$731.7M-9.2%$805.7M
Cost of Revenue$453.5M+17.9%$384.5M-26.4%$522.3M-1.2%$528.4M+62.3%$325.6M-19.4%$403.9M-12.6%$462.1M-7.4%$498.9M
Gross Profit$280.6M+8.4%$258.8M+0.9%$256.6M-15.7%$304.4M-23.8%$399.7M+54.3%$259.0M-3.9%$269.6M-12.1%$306.8M
R&D Expenses$7.4M-2.6%$7.6M-2.6%$7.8M-6.0%$8.3M+1.2%$8.2M+1.2%$8.1M+1.3%$8.0M-5.9%$8.5M
SG&A Expenses$129.3M-2.9%$133.1M-10.9%$149.3M+9.1%$136.8M+6.6%$128.3M-5.7%$136.0M+3.6%$131.3M-10.1%$146.1M
Interest Expense$39.7M+1.0%$39.3M+0.5%$39.1M-3.0%$40.3M+3.3%$39.0M+2.6%$38.0M+2.7%$37.0M-2.1%$37.8M
Income Tax$9.9M-14.7%$11.6M+928.6%-$1.4M-107.6%$18.5M+72.9%$10.7M+32.1%$8.1M+3.8%$7.8M-34.5%$11.9M
Net Income$39.9M+295.0%$10.1M+397.1%-$3.4M-109.7%$34.9M-77.3%$153.5M+442.4%$28.3M+26.9%$22.3M-53.2%$47.6M
EPS (Diluted)$0.58+286.7%$0.15+400.0%-$0.05N/A$2.13+446.2%$0.39+30.0%$0.30N/A

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

ENR Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ENR quarterly balance sheet
MetricQ3'26Q2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24
Total Assets$4.5B+1.5%$4.4B-1.0%$4.4B-2.5%$4.6B+0.9%$4.5B+7.2%$4.2B-0.4%$4.2B-2.6%$4.3B
Current Assets$1.6B+6.7%$1.5B-4.0%$1.6B-6.9%$1.7B+2.2%$1.6B+17.8%$1.4B-0.8%$1.4B-4.9%$1.5B
Cash & Equivalents$173.4M+0.5%$172.5M-19.7%$214.8M-9.1%$236.2M+38.0%$171.1M+22.8%$139.3M-28.9%$195.9M-9.7%$216.9M
Inventory$747.8M+0.6%$743.6M+3.2%$720.7M-7.7%$781.2M-10.2%$870.1M+16.2%$748.6M+12.3%$666.7M+1.4%$657.3M
Accounts Receivable$366.9M+18.5%$309.6M-17.0%$372.8M-7.8%$404.2M+24.9%$323.7M+6.1%$305.1M-12.8%$349.7M-20.8%$441.3M
Goodwill$1.0B0.0%$1.0B-0.3%$1.1B0.0%$1.1B+0.1%$1.1B+1.2%$1.0B+0.6%$1.0B-1.4%$1.0B
Total Liabilities$4.3B+0.9%$4.2B-1.8%$4.3B-1.9%$4.4B+1.2%$4.3B+6.2%$4.1B-0.3%$4.1B-2.8%$4.2B
Current Liabilities$772.2M+5.5%$732.0M-6.6%$783.9M-1.4%$795.0M-14.0%$924.3M+23.3%$749.5M-4.3%$783.3M-4.5%$819.8M
Long-Term Debt$3.3B-0.3%$3.3B-0.4%$3.3B-2.6%$3.4B+5.9%$3.2B+2.0%$3.2B+1.2%$3.1B-2.4%$3.2B
Total Equity$203.2M+17.3%$173.2M+22.6%$141.3M-16.8%$169.9M-7.3%$183.2M+36.8%$133.9M-4.8%$140.6M+3.5%$135.8M
Retained Earnings$66.5M+38.8%$47.9M-19.1%$59.2M-32.0%$87.0M+18.5%$73.4M+191.9%-$79.9M+26.1%-$108.1M+15.8%-$128.4M

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.

ENR quarterly cash flow statement
MetricQ3'26Q2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24
Operating Cash Flow$8.2M+582.4%-$1.7M-101.1%$149.5M+143.1%$61.5M+187.4%$21.4M+267.2%-$12.8M-116.6%$77.0M-54.4%$168.9M
Capital Expenditures$9.1M-48.6%$17.7M-30.0%$25.3M+70.9%$14.8M+9.6%$13.5M-35.7%$21.0M-39.3%$34.6M+26.3%$27.4M
Free Cash Flow-$900K+95.4%-$19.4M-115.6%$124.2M+166.0%$46.7M+491.1%$7.9M+123.4%-$33.8M-179.7%$42.4M-70.0%$141.5M
Investing Cash Flow-$9.1M+45.2%-$16.6M+34.4%-$25.3M-55.2%-$16.3M+37.8%-$26.2M-24.8%-$21.0M+39.5%-$34.7M-38.8%-$25.0M
Financing Cash Flow$1.5M+106.5%-$23.2M+84.1%-$145.8M-804.3%$20.7M-35.1%$31.9M+224.6%-$25.6M+54.4%-$56.1M+26.6%-$76.4M
Dividends Paid$20.6M0.0%$20.6M-11.6%$23.3M+13.7%$20.5M-3.8%$21.3M-1.8%$21.7M-8.1%$23.6M+9.3%$21.6M
Share Buybacks$0-100.0%$900K-80.0%$4.5M-83.4%$27.1M-56.7%$62.6M$0$0$0

ENR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

ENR quarterly financial ratios
MetricQ3'26Q2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24
Gross Margin38.2%-2.0pp40.2%+7.3pp32.9%-3.6pp36.5%-18.6pp55.1%+16.0pp39.1%+2.2pp36.9%-1.2pp38.1%
Net Margin5.4%+3.9pp1.6%+2.0pp-0.4%-4.6pp4.2%-17.0pp21.2%+16.9pp4.3%+1.2pp3.0%-2.9pp5.9%
Return on Equity19.6%+13.8pp5.8%+8.2pp-2.4%-22.9pp20.5%-63.2pp83.8%+62.6pp21.1%+5.3pp15.9%-19.2pp35.0%
Return on Assets0.9%+0.7pp0.2%+0.3pp-0.1%-0.9pp0.8%-2.6pp3.4%+2.7pp0.7%+0.1pp0.5%-0.6pp1.1%
Current Ratio2.070.0x2.05+0.1x1.99-0.1x2.11+0.3x1.78-0.1x1.86+0.1x1.800.0x1.80
Debt-to-Equity16.22-2.9x19.08-4.4x23.49+3.4x20.06+2.5x17.57-6.0x23.56+1.4x22.17-1.3x23.51
FCF Margin-0.1%+2.9pp-3.0%-19.0pp16.0%+10.3pp5.6%+4.5pp1.1%+6.2pp-5.1%-10.9pp5.8%-11.8pp17.6%

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

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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%.

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.

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

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.

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.

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

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.

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.

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

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

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

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

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

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

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

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.

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.

Energizer Hldgs 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 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.

Energizer Hldgs 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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