ENR
Energizer Holdings, Inc.
ENR's fundamentals are mixed: it turned 5% of its revenue into free cash flow, but its operating margin fell 6 points to 4%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
ENR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Weak |
ENR's revenue, profitability and cash flow are currently stable, but its balance sheet is weak.
ENR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.2x | $24.17 | — |
| Cheap | 7.9x | $9.35 | -61% |
| Fair | 20x | $23.35 | -3.4% |
| Current | 20x | $24.17 | — |
| Expensive | 112x | $132 | +448% |
Historical ranges are pointers, not guarantees.
ENR's PE is 20x, but its earnings don't support one, so it isn't a reliable read right now.
ENR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect ENR's earnings to grow and its profitability to improve, with its revenue holding steady.
ENR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.34 | +183% |
| Q2 2026 | $1.18 | -66% |
| Q1 2026 | $2.73 | +274% |
| Q4 2025 | $2.97 | +276% |
| Q3 2025 | $3.32 | +538% |
| Q2 2025 | $3.47 | +2379% |
| Q1 2025 | $0.73 | -39% |
| Q4 2024 | $0.79 | -39% |
| Q3 2024 | $0.52 | -73% |
ENR's earnings per share have fallen from their peak: $1.18 over the past year, against $3.47 in mid-2025. Its recent earnings include one-off gains.
ENR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $734.1M | +1.2% |
| Q1 2026 | $643.3M | -3% |
| Q4 2025 | $778.9M | +6.5% |
| Q3 2025 | $832.8M | +3.4% |
| Q2 2025 | $725.3M | +3.4% |
| Q1 2025 | $662.9M | -0.1% |
| Q4 2024 | $731.7M | +2.1% |
| Q3 2024 | $805.7M | -0.7% |
ENR's revenue grew through 2020 and has held roughly level since: $734M last quarter, up 1.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.8% | -16 points |
| Q1 2026 | 3.4% | -2.1 points |
| Q4 2025 | -0.6% | -4.7 points |
| Q3 2025 | 6.4% | -1 points |
| Q2 2025 | 23% | +31 points |
| Q1 2025 | 5.5% | -0.9 points |
| Q4 2024 | 4.1% | +2.8 points |
| Q3 2024 | 7.4% | +4.6 points |
ENR's operating margin was 6.8% last quarter, down 16 points from the same quarter a year ago.
ENR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$900K | -111% |
| Q1 2026 | -$19.4M | +$14.4M |
| Q4 2025 | $124.2M | +193% |
| Q3 2025 | $46.7M | -67% |
| Q2 2025 | $7.9M | -71% |
| Q1 2025 | -$33.8M | -428% |
| Q4 2024 | $42.4M | -72% |
| Q3 2024 | $141.5M | +83% |
ENR usually generates cash, though not every quarter: the latest was −$900,000, but it generated $151M over the past year.
ENR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +100K shares |
| 1 year | -4% | -2.9M shares |
| 3 years | -4.6% | -3.3M shares |
| 5 years | +0.9% | +600K shares |
| Available history | +2.8% | +1.9M shares |
ENR has 69M diluted shares, down 4% from a year ago, with $33M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $900,000 |
| Q4 2025 | $4.5M |
| Q3 2025 | $27.1M |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
ENR spent $33M buying back its own shares over the past year.
ENR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 12.8x | High |
| Q1 2026 | 8.7x | High |
| Q4 2025 | 8.3x | High |
| Q3 2025 | 7.7x | High |
| Q2 2025 | 7.4x | High |
| Q1 2025 | 15.7x | High |
| Q4 2024 | 14.9x | High |
| Q3 2024 | 17.1x | High |
ENR's net debt is about 13 years of its operating earnings (EBITDA), up from 7.3 years a year ago.
ENR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.4 | Neutral |
| Stochastic | 78.0 | Neutral |
ENR's weekly RSI is 62 (neutral) and its Stochastic is 78 (neutral).
ENR PE vs Industrials Sector
| Metric | ENR | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 24x | 15% below |
| PE % | 50 | 58 | 8 pts below |
ENR is trading at 20x earnings, a 15% discount to the Industrials sector's median of 24x, though its earnings don't support one.
ENR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.6 | 6.9% above |
| 20 week MA | $21.9 | 10% above |
| 50 week MA | $20.6 | 17% above |
| 100 week MA | $23.8 | 1.8% above |
| 200 week MA | $28.0 | 14% below |
ENR has bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 14% below its 200-week average.
ENR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $50.9 | $43.6 | -14% |
| 2021 | $43.6 | $38.5 | -12% |
| 2022 | $38.5 | $33.6 | -13% |
| 2023 | $33.6 | $31.7 | -5.7% |
| 2024 | $31.7 | $35.4 | +12% |
| 2025 | $35.4 | $20.3 | -43% |
| 2026 YTD | $20.3 | $24.2 | +19% |
ENR has finished lower in five of the last six years. It's up 19% so far in 2026.