Energizer Holdings, Inc.

ENR Industrials Electrical Equipment & Parts

Energizer Holdings, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $3.0 billion, up 2.28% from fiscal 2024.

Revenue
+1.21%
EPS
−73.2%
Free cash flow
−111.4%
Total debt
+2.40%

Quarter to June 2026, against a year earlier

24.06 0.41 −1.68%
Market cap
$1.7B
P/E
20.5×
Fwd P/E
0.0×
Dividend yield
4.92%
F-score
7/9
Altman Z
1.48
Beneish M
−2.46
Dividend safety
66/100

Insider Decisions last twelve months

Bought, $m 20.21
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 3 — 1 — 3 2 4 7 — — — —
Sell — — — — — — — — — — — —
Insider Ownership 12.99%

Capital & Financial Ratios $m

Size
Market Cap 1,680.00
Revenue ttm 2,989.10
Net income ttm 81.50
Free cash flow ttm 151.70
Net debt Q 3,130.10
Valuation
P/E 20.50
Forward P/E 0.00
Price / sales 0.56
Forward P/S Powerpack
Price / FCF 11.02
Price / book 8.23 (above 6: high)
Financial health
Current ratio Q 2.07 (at or above 1.5: strong)
Debt / equity Q 16.26 (above 2: weak)
Interest coverage Q 2.26
Growth
Revenue growth Q +1.21% (above 0%: growing)
Operating income growth Q −56.27% (below 0%: shrinking)
EPS, this year −6.35% (below 0%: weak)
EPS, next year A +1.54%
Revenue, next year A −0.02% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A −0.36% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 42.65%
10-year low 10-year high
P/S against its own 10 years 10.34%
10-year low 10-year high
P/B against its own 10 years 31.76%
10-year low 10-year high
EV/Sales against its own 10 years 11.07%
10-year low 10-year high
EV/FCF against its own 10 years 76.20%
10-year low 10-year high

Dividends

Yield
4.92%
Annual rate
1.20
Payout ratio
101.7%
Growth, 2017–25
+0.92%/yr
  1. 1.12 ’17
  2. 1.17 ’18 +5
  3. 1.20 ’19 +3
  4. 1.20 ’20 +0
  5. 1.20 ’21 +0
  6. 1.20 ’22 +0
  7. 1.20 ’23 +0
  8. 1.20 ’24 +0
  9. 1.20 ’25 +0
  10. 1.25 ’26e +4
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 223 217 236 173
Receivables 512 441 404 367
Inventory 650 657 781 748
Other 172 163 258 312
1,557 1,479 1,679 1,600
2023 2024 2025 Q'26
Payables 371 433 402 404
ST’ Debt 12 12 9 9
Other 326 354 353 315
734 820 795 772

Compound Annual Growth %

10y 5y 3y
Sales 6.11% 1.47% (1.08%)
Cash Flow (0.95%) (17.13%) 427.88%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% (11.28%) 9.16%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Dec Mar Jun Sep Year
’26 (0.05) 0.15 0.58 — —
’25 0.30 0.39 2.13 0.50 3.32
’24 0.03 0.45 (0.61) 0.65 0.52
’23 0.68 0.55 0.44 0.27 1.94
’22 0.83 0.27 0.73 (5.09) (3.37)
’21 0.91 (0.21) 0.24 1.14 2.11
’20 0.60 (1.75) 0.38 (0.81) (1.58)
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 779 643 734 — —
’25 732 663 725 833 2,953
’24 717 663 701 806 2,887
’23 765 684 699 811 2,960
’22 846 685 728 790 3,050
’21 849 685 722 766 3,022
’20 737 587 658 763 2,745
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 150 (2) 8 — —
’25 77 (13) 21 62 147
’24 178 37 46 169 430
’23 161 49 86 99 395
’22 (55) (54) 3 107 1
’21 76 (64) 5 162 180
’20 124 (37) 133 157 376
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 124 (18) (1) — —
’25 42 (34) 8 47 63
’24 153 10 32 144 339
’23 152 40 69 78 339
’22 (79) (75) (32) 95 (91)
’21 68 (75) (18) 146 121
’20 113 (53) 116 141 318
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,634 1,756 1,798 2,495 2,745 3,022 3,050 2,960 2,887 2,953 2,989 +6.8% 2,952 2,930 2,961 +0.1%
Gross margin, % 43.59 46.21 46.22 40.24 39.42 38.44 36.70 37.98 38.25 41.75 36.81 (1.8) pt
EBT 166 273 175 73 68 154 (305) 176 54 284 120 +6.2%
EBT margin, % 10.14 15.57 9.75 2.93 2.47 5.10 (10.02) 5.94 1.86 9.62 4.02 (0.5) pt
Net income 128 202 94 51 (93) 161 (231) 141 38 239 82 +7.2%
Per share, $
Per share, $ Revenue 26.40 28.46 30.06 37.57 39.90 44.30 43.64 41.39 40.21 41.65 43.64 +5.2%
Earnings 2.06 3.27 1.56 0.59 (1.59) 2.12 (3.37) 1.97 0.53 3.37 1.19 +5.6%
Cash flow 3.13 3.20 3.82 2.25 5.47 2.63 0.01 5.53 5.98 2.07 3.18 (4.5%)
Capex (0.44) 0.03 (0.30) (0.83) (0.86) (0.87) (1.31) (0.78) (1.26) (1.18) (0.96) +11.6%
Free cash flow 2.69 3.23 3.52 1.42 4.61 1.77 (1.30) 4.74 4.72 0.89 2.21 (11.6%)
Book value (0.48) 1.38 0.41 8.19 4.49 5.22 1.87 2.95 1.89 2.40 2.97 n/m
Shares, m 62 62 60 66 69 68 70 72 72 71 69 +1.5%
Valuation, ×
Valuation, × P/E 24.14 14.23 36.79 62.26 0.00 18.33 0.00 15.85 59.92 7.39 20.50 23.9
P/S 1.89 1.64 1.91 1.16 0.98 0.88 0.58 0.75 0.79 0.60 0.56 1.1
P/B 0.00 33.74 140.10 5.32 8.71 7.49 13.46 10.60 16.79 10.39 8.23 24.7
EV/Sales 2.32 1.98 2.16 2.45 2.04 1.91 1.66 1.81 1.82 1.67 1.61 2.0
EV/FCF 22.74 17.45 18.47 64.55 17.61 47.88 (66.45) 15.79 15.54 78.24 31.65 23.2
Cash, $m
Cash, $m Operating cash flow 194 197 229 150 376 180 1 395 430 147 218 (3.0%)
Capex (27) 2 (18) (55) (59) (59) (92) (56) (91) (84) (66) +13.3%
Free cash flow 167 199 211 95 318 121 (91) 339 339 63 152 (10.2%)
Balance, $m
Balance, $m Working capital 356 438 420 968 563 493 892 822 659 884 828 +10.6%
Net debt 698 605 458 3,237 2,898 3,107 3,306 3,121 2,988 3,180 3,130 +18.3%
Shareholders’ equity (30) 85 25 544 309 356 131 211 136 170 203 n/m
Returns, %
Returns, % ROA 7.62 11.34 3.74 0.91 (1.96) 2.70 (4.92) 3.09 0.86 5.37 1.81 (2.3) pt
ROIC 19.72 27.60 33.99 4.71 7.01 7.52 (2.54) 7.50 4.68 8.42 5.95 (11.3) pt
ROE (283.46) 731.40 170.62 13.76 (25.68) 43.53 (96.85) 82.33 21.99 156.36 42.18 +439.8 pt
People
People Employees 4,800 4,400 4,000 7,500 5,900 6,000 5,500 5,080 5,600 6,050 — +2.6%
Revenue/emp, $m 0.34 0.40 0.45 0.33 0.47 0.50 0.55 0.58 0.52 0.49 — +4.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Energizer Holdings, Inc. vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HAYW Hayward Holdings, Inc. $3.4B 20.5× 22.2× +6.47% (above 0%: growing) +38.91% (above 0%: growing) −51.02% (below 0%: shrinking) 47.92% 19.30% Compare
PLUG Plug Power, Inc. $1.9B — (loss-making) — (loss-making) +2.49% (above 0%: growing) n/m +56.89% (above 0%: growing) (0.94%) (35.96%) Compare
ENR Energizer Holdings, Inc. $1.7B 20.5× — (loss-making) +1.21% (above 0%: growing) −73.15% (below 0%: shrinking) −111.39% (below 0%: shrinking) 38.22% 12.22%
PLPC Preformed Line Products Company $1.2B 21.2× 21.9× +17.64% (above 0%: growing) +575.53% (above 0%: growing) +19.45% (above 0%: growing) 33.41% 11.88% Compare
AMPX Amprius Technologies, Inc. $1.1B — (loss-making) — (loss-making) +125.87% (above 0%: growing) n/m +6.24% (above 0%: growing) 27.27% (12.63%) Compare
FOIL Londian Wason New Energy Tech Inc. - Sponsored ADR $977.8M — — — — — — — Compare
FCEL FuelCell Energy, Inc. $714.0M — (loss-making) — (loss-making) −29.40% (below 0%: shrinking) n/m +45.78% (above 0%: growing) (74.25%) (141.39%) Compare
EOSE Eos Energy Enterprises, Inc. $684.6M 1.8× 1.2× +171.14% (above 0%: growing) n/m −27.19% (below 0%: shrinking) (53.43%) (95.88%) Compare
TE T1 Energy Inc $682.9M — (loss-making) — (loss-making) +88.40% (above 0%: growing) n/m −1,334.38% (below 0%: shrinking) 19.63% (9.11%) Compare
Median of peers $1.0B 20.5× 21.9× +17.64% — +6.24% 19.63% (12.63%)

All 55 Electrical Equipment & Parts stocks →

Pay and ownership Proxy statement filed 12 December 2025

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 13.80%
The Vanguard Group 13.70%
Aqua Capital, Ltd.Wickhams Cay 10.20%
FMR LLC245 Summer StreetBoston, MA 8.60%
Clarkston Capital Partners, LLC91 West Long Lake RoadBloomfield Hills, MI 6.00%
Fuller & Thaler Asset Management, Inc.411 Borel AvenueSuite 5.70%
The Goldman Sachs Group, Inc.200 West StreetNew York, NY 5.20%
LSV Asset Management155 North Wacker DriveSuite 5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Energizer Holdings, Inc. (ENR) Latest News

29 Oct

Impact 3 · · StockStory

5 Aug

Impact 3 · · MarketBeat transcript

14 May

13 May

9 May

4 May

stockrow.com/ENR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com