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Energizer Holdings, Inc.

ENR

Energizer Holdings, Inc. • NYSE
$18.23 ▲ 0.72% (+0.13)
Market Cap $1.25 B
52w High $39.52
52w Low $17.13
Dividend Yield 1.20%
P/E 5.49
Volume 731.26K
Outstanding Shares 68.42M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $832.8M ▲ $167.3M ▼ $34.9M ▼ 4.191% ▼ $0.51 ▼ $131M ▼
Q3-2025 $725.3M ▲ $168.7M ▲ $153.5M ▲ 21.164% ▲ $2.16 ▲ $240.2M ▲
Q2-2025 $662.9M ▼ $152.7M ▼ $28.3M ▲ 4.269% ▲ $0.39 ▲ $110.4M ▲
Q1-2025 $731.7M ▼ $179.9M ▲ $22.3M ▼ 3.048% ▼ $0.31 ▲ $105.6M ▼
Q4-2024 $805.7M $168.9M $47.6M 5.908% $0.13 $128.2M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $236.2M ▲ $4.557B ▲ $4.387B ▲ $169.9M ▼
Q3-2025 $171.1M ▲ $4.516B ▲ $4.333B ▲ $183.2M ▲
Q2-2025 $139.3M ▼ $4.212B ▼ $4.078B ▼ $133.9M ▼
Q1-2025 $195.9M ▼ $4.23B ▼ $4.09B ▼ $140.6M ▲
Q4-2024 $216.9M $4.342B $4.207B $135.8M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $34.9M ▼ $61.5M ▲ $-16.3M ▲ $20.7M ▼ $65.1M ▲ $46.7M ▲
Q3-2025 $153.5M ▲ $21.4M ▲ $-26.2M ▼ $31.9M ▲ $31.8M ▲ $7.9M ▲
Q2-2025 $28.3M ▲ $-12.8M ▼ $-21M ▲ $-25.6M ▲ $-56.6M ▼ $-33.8M ▼
Q1-2025 $22.3M ▼ $77M ▼ $-34.7M ▼ $-56.1M ▲ $-21M ▼ $42.4M ▼
Q4-2024 $47.6M $168.9M $-25M $-76.4M $70.2M $141.5M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Alkaline Batteries
Alkaline Batteries
 $610.00M ▲$470.00M ▼$520.00M ▲$650.00M ▲
Auto Care
Auto Care
 $100.00M ▲$170.00M ▲$190.00M ▲$160.00M ▼
Other Batteries and Lighting Products
Other Batteries and Lighting Products
 $30.00M ▲$20.00M ▼$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Energizer’s sales have been roughly flat in recent years, with a slight downward drift rather than clear growth. Profitability has been volatile: the company moved from solid profits to a loss, then back to profit, but with earnings now quite thin. Operating performance shows that cost pressures and restructuring or one‑off items have meaningfully affected results over time. Overall, the business is still profitable, but with tight margins and limited room for error, and not yet showing a strong, sustained growth trend in earnings.

Balance Sheet

Balance Sheet The balance sheet is heavily tilted toward debt, with a relatively small equity base and only a modest cash cushion. This means the company is quite leveraged, which increases financial risk, especially if earnings weaken. Total assets have edged down, suggesting limited expansion and some balance-sheet cleanup, but the main story is still high debt and a thin capital buffer. This structure makes disciplined cash management and steady profitability particularly important.

Cash Flow

Cash Flow Despite choppy earnings, cash generation has been a relative bright spot. Operating cash flow has improved from a weak patch and free cash flow has been consistently positive in recent years after capital spending, which itself remains moderate and controlled. This indicates the core business can produce cash, helping to support debt service and ongoing investment, but the cushion is not so large that it eliminates the pressure created by the high leverage.

Competitive Edge

Competitive Edge Energizer holds well-known global brands in batteries and auto care, backed by deep retail relationships and broad distribution. Its lithium battery line and premium alkaline offerings give it a strong position in higher-performance segments, while the auto care portfolio diversifies it beyond traditional batteries. However, it operates in mature, highly competitive categories with powerful rivals and private-label pressure, so brand strength and execution at the shelf are critical to maintaining share rather than dramatically expanding it.

Innovation and R&D

Innovation and R&D Innovation is focused on better battery performance, sustainability, and extending the brand into adjacent areas like smart home devices and auto care solutions. Initiatives such as advanced lithium technology, child-safe packaging, and plastic-free or recycled-content packaging help differentiate the products and align with environmental and safety trends. The “Project Momentum” efficiency program also reflects process innovation on the cost side. The main question is whether these efforts can do more than defend the current position and instead drive meaningful new growth in relatively mature markets.

Summary

Energizer is a branded consumer and auto care company with recognizable products, stable but slightly declining sales, and profitability that has been inconsistent and currently quite slim. Its heavy reliance on debt increases financial risk and puts a premium on steady cash generation, which it has managed reasonably well so far. Strong brands, global reach, and category leadership offer clear advantages, while innovation in lithium batteries, sustainability, and smart home products aims to keep the portfolio relevant. The key watch points are improving margins, managing leverage, and proving that new initiatives can create more durable, growing earnings in competitive, mature markets.

NEWS

November 18, 2025 · 6:50 AM UTC

Energizer Holdings, Inc. Announces Fiscal 2025 Fourth Quarter and Full Year Results and Financial Outlook for Fiscal 2026

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November 10, 2025 · 6:30 PM UTC

ENERGIZER HOLDINGS, INC. DECLARES QUARTERLY DIVIDEND ON ITS COMMON STOCK

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October 29, 2025 · 8:31 PM UTC

ENERGIZER HOLDINGS, INC. TO WEBCAST A DISCUSSION OF FOURTH QUARTER AND FISCAL YEAR 2025 RESULTS ON NOVEMBER 18

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September 22, 2025 · 8:30 AM UTC

ENR Ranks Granite Number One in Highways for the Fifth Consecutive Year

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September 9, 2025 · 10:30 PM UTC

ENERGIZER HOLDINGS, INC. Announces Debt Refinancing Activity, Extending Maturity Profile

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