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. In the quarter to June 2026, revenue grew 1.21%, EPS fell 73.2%, free cash flow fell 111.4% and total debt rose 2.40%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

21.65 0.35 −1.59%
Market cap
$1.5B
P/E
18.2×
Fwd P/E
0.0×
Dividend yield
5.54%
F-score
7/9
Altman Z
1.48
Beneish M
−2.46
Dividend safety
66/100

Insider Decisions trades per month

Total buys 20.21
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 3 — 1 — 3 2 4 7 — — —
Sell — — — — — — — — — — — —
Insider Ownership 12.99%

Capital & Financial Ratios $m

Market Cap 1,510.00
Revenue 2,989.10
Net Income 81.50
Free Cash Flow 151.70
Net Debt 3,130.10
Current Ratio 2.07 (at or above 1.5: strong)
Debt/Equity 16.26 (above 2: weak)
P/E ratio 18.19
Fwd P/E 0.00
P/S ratio 0.50
P/B ratio 7.30 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth (6.42%) (below 0%: weak)
Next Y EPS Growth 2.20%
Next Y revenue growth 0.42%
Next 5Y EPS Growth (0.21%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 34.19%
10-year low 10-year high
P/S against its own 10 years 6.52%
10-year low 10-year high
P/B against its own 10 years 23.28%
10-year low 10-year high
EV/Sales against its own 10 years 6.89%
10-year low 10-year high
EV/FCF against its own 10 years 72.94%
10-year low 10-year high

Dividends

Payout Ratio 1.02
Annual Dividend Rate 1.20
Annual Dividend Yield 5.54%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.25
0.30
0.30
0.30
2025 1.20
0.30
0.30
0.30
0.30
2024 1.20
0.30
0.30
0.30
0.30
2023 1.20
0.30
0.30
0.30
0.30
2022 1.20
0.30
0.30
0.30
0.30
2021 1.20
0.30
0.30
0.30
0.30
2020 1.20
0.30
0.30
0.30
0.30
2019 1.20
0.30
0.30
0.30
0.30
2018 1.17
0.29
0.29
0.29
0.30
2017 1.12
0.28
0.28
0.28
0.29
2016 1.03
0.25
0.25
0.25
0.28
predictions special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 28.86 40.64 42.74 32.54 26.60 36.14 24.81 27.68 26.92 16.77

Analyst estimates 2026–2028

Powerpack
High 53.41 60.07 65.57 53.03 53.84 52.85 41.62 37.89 39.52 35.90
People
People Employees 4,800 4,400 4,000 7,500 5,900 6,000 5,500 5,080 5,600 6,050
Revenue/emp, $m 0.34 0.40 0.45 0.33 0.47 0.50 0.55 0.58 0.52 0.49
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
Gross margin, % 43.59 46.21 46.22 40.24 39.42 38.44 36.70 37.98 38.25 41.75
EBT 166 273 175 73 68 154 (305) 176 54 284
EBT margin, % 10.14 15.57 9.75 2.93 2.47 5.10 (10.02) 5.94 1.86 9.62
Net income 128 202 94 51 (93) 161 (231) 141 38 239
Depreciation 34 50 45 93 112 119 664 123 231 133
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
Earnings 2.06 3.27 1.56 0.59 (1.59) 2.12 (3.37) 1.97 0.53 3.37
Cash flow 3.13 3.20 3.82 2.25 5.47 2.63 0.01 5.53 5.98 2.07
Capex (0.44) 0.03 (0.30) (0.83) (0.86) (0.87) (1.31) (0.78) (1.26) (1.18)
Free cash flow 2.69 3.23 3.52 1.42 4.61 1.77 (1.30) 4.74 4.72 0.89
Book value (0.48) 1.38 0.41 8.19 4.49 5.22 1.87 2.95 1.89 2.40
Shares, m 62 62 60 66 69 68 70 72 72 71
Valuation, ×
Valuation, × P/E 24.14 14.23 36.79 62.26 0.00 18.33 0.00 15.85 59.92 7.39
P/S 1.89 1.64 1.91 1.16 0.98 0.88 0.58 0.75 0.79 0.60
P/B 0.00 33.74 140.10 5.32 8.71 7.49 13.46 10.60 16.79 10.39
EV/Sales 2.32 1.98 2.16 2.45 2.04 1.91 1.66 1.81 1.82 1.67
EV/FCF 22.74 17.45 18.47 64.55 17.61 47.88 (66.45) 15.79 15.54 78.24
Cash, $m
Cash, $m Operating cash flow 194 197 229 150 376 180 1 395 430 147
Capex (27) 2 (18) (55) (59) (59) (92) (56) (91) (84)
Free cash flow 167 199 211 95 318 121 (91) 339 339 63
Balance, $m
Balance, $m Working capital 356 438 420 968 563 493 892 822 659 884
Total debt 986 983 980 3,496 4,148 3,345 3,511 3,344 3,205 3,417
Net debt 698 605 458 3,237 2,898 3,107 3,306 3,121 2,988 3,180
Shareholders’ equity (30) 85 25 544 309 356 131 211 136 170
Returns, %
Returns, % ROA 7.62 11.34 3.74 0.91 (1.96) 2.70 (4.92) 3.09 0.86 5.37
ROIC 19.72 27.60 33.99 4.71 7.01 7.52 (2.54) 7.50 4.68 8.42
ROE (283.46) 731.40 170.62 13.76 (25.68) 43.53 (96.85) 82.33 21.99 156.36
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

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. $2.5B 15.7× 19.2× +6.27% (above 0%: growing) 0.00% +66.86% (above 0%: growing) 48.70% 23.87% Compare
PLUG Plug Power, Inc. $2.1B — (loss-making) — (loss-making) +2.49% (above 0%: growing) n/m +56.89% (above 0%: growing) (0.94%) (35.96%) Compare
PLPC Preformed Line Products Company $1.8B 39.6× 37.2× +25.40% (above 0%: growing) +74.81% (above 0%: growing) −1.41% (below 0%: shrinking) 34.33% 13.12% Compare
ENR Energizer Holdings, Inc. $1.5B 18.2× — (loss-making) +1.21% (above 0%: growing) −73.15% (below 0%: shrinking) −111.39% (below 0%: shrinking) 38.22% 12.22%
AMPX Amprius Technologies, Inc. $1.2B — (loss-making) — (loss-making) +125.87% (above 0%: growing) n/m +6.24% (above 0%: growing) 27.27% (12.63%) Compare
FCEL FuelCell Energy, Inc. $1.1B — (loss-making) — (loss-making) −29.40% (below 0%: shrinking) n/m +45.78% (above 0%: growing) (74.25%) (141.39%) Compare
TE T1 Energy Inc $877.5M — (loss-making) — (loss-making) +88.40% (above 0%: growing) n/m −1,334.38% (below 0%: shrinking) 19.63% (9.11%) Compare
EOSE Eos Energy Enterprises, Inc. $786.6M — (loss-making) 2.3× +351.40% (above 0%: growing) n/m −46.84% (below 0%: shrinking) (70.96%) (121.86%) Compare
ADSE ADS-TEC Energy PLC $751.9M — (loss-making) 12.6× — n/m −62.65% (below 0%: shrinking) (1.39%) 0.00% Compare
Median of peers $1.2B — 15.9× +25.40% — +2.41% 9.35% (10.87%)

All 52 Electrical Equipment & Parts stocks →

Energizer Holdings, Inc. (ENR) key facts

  • Strength: Energizer Holdings, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $3.0 billion, up 2.28% from fiscal 2024.
  • Energizer Holdings, Inc. (ENR) is an Electrical Equipment & Parts company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, ENR traded at $21.65, a market capitalization of $1.5 billion.
  • Energizer Holdings, Inc. pays an annual dividend of $1.20 per share, a yield of 5.54%, with a payout ratio of 101.7%.
  • Return on equity was 156.4% and debt-to-equity 16.26.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.48 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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