Energizer Holdings Inc. (ENR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.83	$0.75	-9.6%	—	$734.1M	—
Q2 26	$0.47	$0.94	+100.0%	—	$643.3M	—
Q1 26	$0.26	$0.31	+19.2%	—	$778.9M	—
Q4 25	$1.16	$1.05	-9.5%	—	$832.8M	—
Q3 25	$0.62	$1.13	+82.3%	—	$725.3M	—
Q2 25	$0.68	$0.67	-1.5%	—	$662.9M	—
Q1 25	$0.65	$0.67	+3.1%	—	$731.7M	—
Q4 24	$1.17	$1.22	+4.3%	—	$805.7M	—
Q3 24	$0.68	$0.79	+16.2%	—	$701.4M	—
Q2 24	$0.67	$0.72	+7.5%	—	$663.3M	—
Q1 24	$0.57	$0.59	+3.5%	—	$716.6M	—
Q4 23	$1.13	$1.2	+6.2%	—	$811.1M	—
Q3 23	$0.67	$0.54	-19.4%	—	$699.4M	—
Q2 23	$0.52	$0.64	+23.1%	—	$684.1M	—
Q1 23	$0.76	$0.72	-5.3%	—	$765.1M	—
Q4 22	$0.79	$0.82	+3.8%	—	$790.4M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.37	—	—	$3B	—
FY24	—	$0.53	—	—	$2.9B	—
FY23	—	$1.97	—	—	$3B	—
FY22	—	-$3.37	—	—	$3.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.6B	$1.8B	$1.8B	$2.5B	$2.7B	$3B	$3.1B	$3B	$2.9B	$3B
YoY change	+0.16%	+7.43%	+2.39%	+38.8%	+10%	+10.1%	+0.95%	-2.96%	-2.46%	+2.28%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.6B	1.8B	1.8B	2.5B	2.7B	3B	3.1B	3B	2.9B	3B
Cost of revenue	921.8M	944.4M	966.8M	1.5B	1.7B	1.9B	1.9B	1.8B	1.8B	1.7B
Gross profit	712.4M	811.3M	830.9M	1B	1.1B	1.2B	1.1B	1.1B	1.1B	1.2B
Gross margin	43.6%	46.2%	46.2%	40.2%	39.4%	38.4%	36.7%	38%	38.3%	41.7%
Research & development	26.6M	22M	22.4M	32.8M	35.4M	34.5M	34.7M	32.9M	31.6M	32.6M
Selling, general & administrative	463.8M	477.4M	534.6M	643M	630.4M	647.4M	617.5M	634.4M	670M	684.1M
Operating expenses	490.4M	499.4M	557M	675.8M	665.8M	681.9M	652.2M	667.3M	701.6M	716.7M
Operating income	219.2M	300.7M	262.4M	284.8M	359.6M	418.3M	406.2M	397.3M	344.5M	457.3M
Operating margin	13.4%	17.1%	14.6%	11.4%	13.1%	13.8%	13.3%	13.4%	11.9%	15.5%
Non-operating income, net	-1.5M	23.7M	11.2M	800K	-97.5M	-103M	-554.3M	-61.8M	-145.7M	-22.1M
Pretax income	165.7M	273.3M	175.2M	73.1M	67.7M	154.2M	-305.5M	175.7M	53.8M	284.1M
Income tax	38M	71.8M	81.7M	8.4M	20.9M	-6.7M	-74M	35.2M	15.7M	45.1M
Net income	127.7M	201.5M	93.5M	51.1M	-93.3M	160.9M	-231.5M	140.5M	38.1M	239M
Net margin	7.81%	11.5%	5.2%	2.05%	-3.4%	5.33%	-7.59%	4.75%	1.32%	8.09%
EBITDA	253.9M	352.2M	314.1M	386.4M	472.8M	540M	527.2M	533.1M	471.7M	584.9M
EPS	2.06	3.27	1.56	0.59	-1.59	2.12	-3.37	1.97	0.53	3.37
Diluted EPS	2.04	3.22	1.52	0.58	-1.59	2.11	-3.37	1.94	0.52	3.32

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	811.1M	716.6M	663.3M	701.4M	805.7M	731.7M	662.9M	725.3M	832.8M	778.9M	643.3M	734.1M
Cost of revenue	503.8M	449.6M	410M	424.2M	498.9M	462.1M	403.9M	325.6M	528.4M	522.3M	384.5M	453.5M
Gross profit	307.3M	267M	253.3M	277.2M	306.8M	269.6M	259M	399.7M	304.4M	256.6M	258.8M	280.6M
Gross margin	37.9%	37.3%	38.2%	39.5%	38.1%	36.8%	39.1%	55.1%	36.6%	32.9%	40.2%	38.2%
Research & development	8.5M	7.8M	7.9M	7.4M	8.5M	8M	8.1M	8.2M	8.3M	7.8M	7.6M	7.4M
Selling, general & administrative	170.2M	176.1M	144.9M	167.5M	183.5M	184.7M	156.8M	171.7M	170.9M	198.5M	152.1M	171M
Operating expenses	178.7M	183.9M	152.8M	174.9M	192M	192.7M	164.9M	179.9M	179.2M	206.3M	159.7M	178.4M
Operating income	114.2M	68.6M	86M	87.8M	100.1M	62.2M	79.4M	205.1M	110.6M	36.3M	86.6M	89.7M
Operating margin	14.1%	9.57%	13%	12.5%	12.4%	8.5%	12%	28.3%	13.3%	4.66%	13.5%	12.2%
Non-operating income, net	-57.2M	-24.1M	-7.3M	-108.2M	-4.1M	3.7M	-5.6M	-2.1M	-18.1M	-2.7M	-28.1M	-1.3M
Pretax income	22.6M	9.4M	42.4M	-57.5M	59.5M	30.1M	36.4M	164.2M	53.4M	-4.8M	21.7M	49.8M
Income tax	2.9M	7.5M	10M	-13.7M	11.9M	7.8M	8.1M	10.7M	18.5M	-1.4M	11.6M	9.9M
Net income	19.7M	1.9M	32.4M	-43.8M	47.6M	22.3M	28.3M	153.5M	34.9M	-3.4M	10.1M	39.9M
Net margin	2.43%	0.27%	4.88%	-6.24%	5.91%	3.05%	4.27%	21.2%	4.19%	-0.44%	1.57%	5.44%
EBITDA	151M	104.3M	117.3M	119.5M	130.6M	95.2M	110.9M	237.1M	141.7M	68.1M	120M	120.8M
EPS	0.28	0.03	0.45	-0.61	0.66	0.31	0.39	2.16	0.51	-0.05	0.15	0.58
Diluted EPS	0.27	0.03	0.45	-0.61	0.65	0.3	0.39	2.13	0.5	-0.05	0.15	0.58

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.1B	2.8B	3.5B	—	2.7B	2.7B	1.8B	2.3B	2.3B	1.8B	1.5B
Enterprise value	3.8B	3.5B	5.4B	—	6.5B	6B	5.2B	5.5B	5.4B	5.1B	4.8B
Shares outstanding	61.9M	61.7M	59.8M	66.4M	68.8M	68.2M	69.9M	71.5M	71.8M	70.9M	70.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	24.2	14.1	37.5	—	—	16.6	—	16.3	59.9	7.38	18.7
P/S	1.89	1.62	1.95	—	0.98	0.88	0.58	0.77	0.79	0.6	0.51
P/B	-103.1	33.4	143.2	—	8.71	7.49	13.5	10.9	16.8	10.4	7.51
EV/EBITDA	15.2	10.1	17.3	—	13.8	11.1	9.81	10.4	11.4	8.65	10.6
EV/Sales	2.35	2.02	3.03	—	2.37	1.98	1.7	1.87	1.86	1.71	1.59
Earnings yield	4.13%	7.09%	2.67%	—	—	6.04%	—	6.13%	1.67%	13.5%	5.34%
FCF yield	5.34%	6.05%	5.83%	—	11.6%	4.31%	-5.21%	14.8%	14.5%	3.58%	12.7%
PEG	—	—	—	—	—	—	—	—	—	—	-0.26

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	43.6%	46.2%	46.2%	40.2%	39.4%	38.4%	36.7%	38%	38.3%	41.7%	38.2%
Operating margin	13.4%	17.1%	14.6%	11.4%	13.1%	13.8%	13.3%	13.4%	11.9%	15.5%	12%
Net margin	7.81%	11.5%	5.2%	2.05%	-3.4%	5.33%	-7.59%	4.75%	1.32%	8.09%	2.73%
ROE	-425.7%	236.8%	381.6%	9.4%	-30.2%	45.2%	-177.3%	66.7%	28.1%	140.7%	42.2%
ROA	7.38%	11%	2.94%	0.94%	-1.63%	3.21%	-5.06%	3.12%	0.88%	5.25%	5.05%
ROIC	23.3%	27.9%	7.14%	6.67%	6.02%	11.3%	11.5%	9.23%	7.56%	11.1%	6.34%
Return on tangible assets	15.9%	22%	4.2%	-10.7%	76.7%	-19.1%	900.8%	7.8K%	35.1%	53.9%	18.7%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.67	1.75	1.56	1.91	1.34	1.52	2.28	2.12	1.8	2.11	2.07
Quick ratio	1.13	1.21	1.13	1.47	1.03	0.75	1.17	1.24	1	1.13	1.1
Debt / equity	-34.8	12.8	100.3	6.43	13.8	10	27.7	16.4	24.4	20.8	16.9
Debt / assets	0.6	0.6	0.77	0.64	0.75	0.71	0.79	0.77	0.76	0.78	0.77
Net debt / EBITDA	2.98	2.01	6.16	8.38	8.08	6.17	6.48	6.06	6.55	5.64	7.23
Interest coverage	4.05	6.15	2.78	1.32	1.35	1.95	-0.93	2.04	1.35	2.84	1.76
Effective tax rate	22.9%	26.3%	46.6%	11.5%	30.9%	0%	0%	20%	29.2%	15.9%	32.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	26.4	28.5	30.1	37.6	39.9	44.3	43.6	41.4	40.2	41.6	43.7
EPS (basic)	2.06	3.27	1.56	0.59	-1.59	2.12	-3.37	1.97	0.53	3.37	3.37
EPS (diluted)	2.04	3.22	1.52	0.58	-1.59	2.11	-3.37	1.94	0.52	3.32	1.19
Book value per share	-0.48	1.38	0.41	8.19	4.49	5.22	1.87	2.95	1.89	2.4	2.97
FCF per share	2.67	2.79	3.42	1.42	4.52	1.68	-1.31	4.73	4.62	0.89	2.18
Cash per share	4.64	6.13	8.73	3.89	6.68	3.5	2.94	3.12	3.02	3.33	2.53
Capex per share	—	—	—	—	—	—	—	—	—	1.18	0.97

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	2.84%	2.24%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	57%	30.8%
Payout ratio	49.1%	34.3%	74.9%	178.1%	-108.9%	62.2%	-40.2%	61.4%	229.4%	36.4%	100.8%
Dividend yield	2.03%	2.43%	2%	—	3.77%	3.76%	5.29%	3.77%	3.83%	4.94%	5.38%

Yield

5.38%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.30

ex-dividend Aug 19, 2026

Payout ratio

101%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 19, 2026	$0.30
May 20, 2026	$0.30
Feb 18, 2026	$0.30
Nov 25, 2025	$0.30
Aug 21, 2025	$0.30
May 21, 2025	$0.30
Feb 20, 2025

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$811.1M	$716.6M	$663.3M	$701.4M	$805.7M	$731.7M	$662.9M	$725.3M	$832.8M	$778.9M	$643.3M	$734.1M
YoY change	+2.62%	-6.34%	-3.04%	+0.29%	-0.67%	+2.11%	-0.06%	+3.41%	+3.36%	+6.45%	-2.96%	+1.21%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	287.3M	378M	522.1M	258.5M	459.8M	238.9M	205.3M	223.3M	216.9M	236.2M
Receivables	190.9M	230.2M	230.4M	340.2M	292M	292.9M	421.7M	511.6M	441.3M	404.2M
Inventory	289.2M	317.1M	323.1M	469.3M	511.3M	728.3M	771.6M	649.7M	657.3M	781.2M
Total current assets	889.5M	1B	1.2B	2B	2.2B	1.4B	1.6B	1.6B	1.5B	1.7B
Property, plant & equipment	63.5M	54.1M	55.9M	242.1M	352.1M	373.8M	341.5M	326.9M	335.6M	364.6M
Goodwill & intangibles	928.8M	907.6M	953.8M	5.9B	5.8B	5.9B	4.6B	4.5B	4.2B	4.1B
Total assets	1.7B	1.8B	3.2B	5.4B	5.7B	5B	4.6B	4.5B	4.3B	4.6B
Accounts payable	217M	219.3M	228.9M	299M	378.1M	454.8M	329.4M	370.8M	433.1M	402.2M
Short-term debt	61.4M	108.1M	251.3M	33.5M	861.6M	134.8M	34.6M	37.8M	32.9M	40M
Total current liabilities	533.1M	582M	751.2M	1.1B	1.6B	946.4M	697.9M	734.2M	819.8M	795M
Long-term debt	981.7M	978.5M	2.2B	3.5B	3.4B	3.4B	3.6B	3.4B	3.3B	3.5B
Total liabilities	1.8B	1.7B	3.2B	4.9B	5.4B	4.7B	4.4B	4.3B	4.2B	4.4B
Shareholders' equity	-30M	85.1M	24.5M	543.8M	309.1M	355.7M	130.6M	210.7M	135.8M	169.9M
Total debt	1B	1.1B	2.5B	3.5B	4.3B	3.6B	3.6B	3.5B	3.3B	3.5B
Net debt	755.8M	708.6M	1.9B	3.2B	3.8B	3.3B	3.4B	3.2B	3.1B	3.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	223.3M	241.7M	158.1M	146.7M	216.9M	195.9M	139.3M	171.1M	236.2M	214.8M	172.5M	173.4M
Receivables	511.6M	376.4M	333.9M	368.9M	441.3M	349.7M	305.1M	323.7M	404.2M	372.8M	309.6M	366.9M
Inventory	649.7M	640.6M	666.1M	686.7M	657.3M	666.7M	748.6M	870.1M	781.2M	720.7M	743.6M	747.8M
Total current assets	1.6B	1.5B	1.4B	1.4B	1.5B	1.4B	1.4B	1.6B	1.7B	1.6B	1.5B	1.6B
Property, plant & equipment	326.9M	342.9M	339.8M	324.4M	335.6M	333.7M	329M	359.9M	364.6M	376.8M	348.8M	344.9M
Goodwill & intangibles	4.5B	4.5B	4.5B	4.2B	4.2B	4.2B	4.2B	4.2B	4.1B	4.1B	4.1B	4B
Total assets	4.5B	4.4B	4.3B	4.2B	4.3B	4.2B	4.2B	4.5B	4.6B	4.4B	4.4B	4.5B
Accounts payable	370.8M	374.6M	362M	381.1M	433.1M	436M	416.2M	425.2M	402.2M	408.3M	393.4M	404.2M
Short-term debt	37.8M	32.4M	31.2M	31.7M	32.9M	32.3M	25.9M	160.4M	40M	24.8M	22.9M	53.3M
Total current liabilities	734.2M	724.4M	668.1M	700.6M	819.8M	783.3M	749.5M	924.3M	795M	783.9M	732M	772.2M
Long-term debt	3.4B	3.4B	3.3B	3.3B	3.3B	3.2B	3.2B	3.3B	3.5B	3.4B	3.4B	3.4B
Total liabilities	4.3B	4.3B	4.1B	4.1B	4.2B	4.1B	4.1B	4.3B	4.4B	4.3B	4.2B	4.3B
Shareholders' equity	210.7M	170.6M	191.3M	123.4M	135.8M	140.6M	133.9M	183.2M	169.9M	141.3M	173.2M	203.2M
Total debt	3.5B	3.4B	3.3B	3.3B	3.3B	3.2B	3.3B	3.5B	3.5B	3.4B	3.4B	3.4B
Net debt	3.2B	3.2B	3.2B	3.2B	3.1B	3B	3.1B	3.3B	3.3B	3.2B	3.2B	3.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	127.7M	201.5M	93.5M	64.7M	46.8M	160.9M	-231.5M	140.5M	38.1M	239M
Depreciation & amortization	34.3M	50.2M	45.1M	92.8M	111.9M	118.5M	121.6M	122.7M	120.5M	126.7M
Stock-based compensation	20.4M	24.3M	28.2M	27.1M	24.5M	10.2M	13.2M	21.8M	23.1M	25.6M
Change in working capital	11.3M	-32.5M	14.4M	-69.6M	112.2M	-169.3M	-334.2M	63.1M	121.9M	-140.2M
Operating cash flow	193.9M	214.1M	219.2M	138.4M	294.4M	79.7M	-561.3M	329.2M	288.9M	147.1M
Capital expenditure	—	—	—	—	—	—	—	—	—	-83.9M
Investing cash flow	-342.5M	27.2M	-32M	-2.5B	1.3M	-61.5M	1.6M	700K	-16.1M	-98.2M
Dividends paid	-62.7M	-69.1M	-70M	-91M	-101.6M	-100.1M	-93M	-86.3M	-87.4M	-87.1M
Share repurchases	-31.8M	-59.5M	-70M	-45M	-45M	-96.3M	0	0	—	-89.7M
Financing cash flow	-45.4M	-106.9M	1.2B	1.3B	394.2M	-1.1B	79.1M	-309.4M	-300.3M	-29.1M
Net change in cash	-194M	134.4M	1.4B	-1B	689.9M	-1.1B	-480.6M	20.5M	-27.5M	19.8M
Free cash flow	165.2M	172M	204.5M	94.4M	311.1M	114.8M	-91.5M	338.4M	331.7M	63.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	19.7M	1.9M	32.4M	-43.8M	47.6M	22.3M	28.3M	153.5M	34.9M	-3.4M	10.1M	39.9M
Depreciation & amortization	29.7M	30M	28.9M	30.7M	30.9M	31.8M	30.9M	31.9M	32.1M	31.6M	31.1M	29.9M
Stock-based compensation	4.6M	6.3M	7M	5.8M	4M	6.2M	7.2M	6.3M	5.9M	8.7M	7.3M	4.4M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	29.5M	50.3M	66.2M	-29.1M	79.6M	69M	63.2M	21.4M	61.5M	149.5M	-1.7M	8.2M
Capital expenditure	—	—	—	—	—	—	—	-13.5M	-14.8M	-25.3M	-17.7M	-9.1M
Investing cash flow	0	-11.6M	0	-10.8M	2.4M	-100K	0	-26.2M	-16.3M	-25.3M	-17.7M	-9.1M
Dividends paid	-21.5M	-22.7M	-21.5M	-21.6M	-21.6M	-23.6M	-21.7M	-21.3M	-20.5M	-23.3M	-20.6M	-20.6M
Share repurchases	—	—	—	—	—	—	—	-62.6M	-27.1M	-4.5M	-900K	0
Financing cash flow	-48.2M	-116M	-86.7M	-30M	-76.4M	-56.1M	-223.8M	31.9M	20.7M	-145.8M	-23.2M	1.5M
Net change in cash	-18.7M	-77.3M	-20.5M	-69.9M	5.6M	12.8M	-160.6M	27.1M	65.9M	-21.6M	-42.6M	600K
Free cash flow	77.5M	152.6M	10.3M	27.3M	141.5M	42.4M	-33.8M	7.9M	46.7M	124.2M	-19.4M	-900K

Energizer Holdings Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement