Energizer (ENR) Financials

$18.18 0.00 (-0.02%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$18.26 +0.09 (+0.48%)

As of 05/22/2026 07:45 PM Eastern

Annual Income Statements for Energizer

This table shows Energizer's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-	-	202	94	39	-110	145	-236	141	38	194
Consolidated Net Income / (Loss)	-	-	202	94	51	-93	161	-232	141	38	239
Net Income / (Loss) Continuing Operations	-	-	202	94	65	47	161	-232	141	38	239
Total Pre-Tax Income	-	-	273	175	73	68	154	-306	176	54	284
Total Operating Income	-	-	301	262	285	360	416	-140	400	234	451
Total Gross Profit	-	-	811	831	1,004	1,082	1,161	1,120	1,124	1,104	1,233
Total Revenue	-	-	1,756	1,798	2,495	2,745	3,022	3,050	2,960	2,887	2,953
Operating Revenue	-	-	1,756	1,798	2,495	2,745	3,022	3,050	2,960	2,887	2,953
Total Cost of Revenue	-	-	944	967	1,491	1,663	1,860	1,931	1,836	1,783	1,720
Operating Cost of Revenue	-	-	944	967	1,491	1,663	1,860	1,931	1,836	1,783	1,720
Total Operating Expenses	-	-	511	569	719	722	745	1,259	724	870	781
Selling, General & Admin Expense	-	-	361	422	516	483	487	485	489	526	532
Marketing Expense	-	-	116	113	127	147	162	137	142	144	152
Research & Development Expense	-	-	22	22	33	35	35	35	33	32	33
Amortization Expense	-	-	11	12	43	57	61	61	59	58	59
Impairment Charge	-	-	-	-	-	0.00	0.00	542	0.00	111	5.90
Total Other Income / (Expense), net	-	-	-27	-87	-212	-292	-262	-166	-224	-180	-168
Interest Expense	-	-	53	98	226	290	265	158	167	158	167
Other Income / (Expense), net	-	-	26	11	14	-2.00	2.90	-7.30	-57	-22	-0.90
Income Tax Expense	-	-	72	82	8.40	21	-6.70	-74	35	16	45
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-	-	-	-	-	-	-	32
Basic Earnings per Share	-	-	$3.27	$1.56	$0.59	($1.59)	$2.12	($3.37)	$1.97	$0.53	$3.37
Weighted Average Basic Shares Outstanding	62.40M	61.90M	61.70M	59.80M	66.40M	68.80M	68.20M	69.90M	71.50M	71.80M	70.90M
Diluted Earnings per Share	-	-	$3.22	$1.52	$0.58	($1.58)	$2.11	($3.37)	$1.94	$0.52	$3.32
Weighted Average Diluted Shares Outstanding	62.40M	61.90M	62.60M	61.40M	67.30M	69.50M	68.70M	69.90M	72.40M	72.70M	72M
Weighted Average Basic & Diluted Shares Outstanding	62.40M	61.90M	61.60M	59.90M	69.18M	137.04M	133.73M	142.58M	-	71.92M	68.43M
Cash Dividends to Common per Share	$0.25	$1.00	$1.10	$1.16	$1.20	$1.20	$1.20	$1.20	$1.20	$1.20	$1.20

This table shows Energizer's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	20	1.90	32	-44	56	22	28	154	-10	-3.40	10
Consolidated Net Income / (Loss)	19	1.90	32	-44	48	22	28	154	35	-3.40	10
Net Income / (Loss) Continuing Operations	19	1.90	32	-44	46	22	28	154	35	-3.40	10
Total Pre-Tax Income	23	9.40	42	-58	60	30	36	164	53	-4.80	22
Total Operating Income	117	70	87	-23	100	62	79	205	105	36	87
Total Gross Profit	307	267	253	277	307	270	259	400	304	257	259
Total Revenue	811	717	663	701	806	732	663	725	833	779	643
Operating Revenue	811	717	663	701	806	732	663	725	833	779	643
Total Cost of Revenue	504	450	410	424	499	462	404	326	528	522	385
Operating Cost of Revenue	504	450	410	424	499	462	404	326	528	522	385
Total Operating Expenses	190	197	166	300	207	207	180	195	200	220	172
Selling, General & Admin Expense	135	128	123	130	146	131	136	128	137	149	133
Marketing Expense	33	47	21	38	37	53	21	43	34	49	19
Research & Development Expense	8.50	7.80	7.90	7.40	8.50	8.00	8.10	8.20	8.30	7.80	7.60
Amortization Expense	14	15	15	15	15	15	15	15	15	14	13
Total Other Income / (Expense), net	-96	-60	-45	-35	-43	-32	-43	-41	-52	-41	-65
Interest Expense	43	41	39	39	40	37	38	39	48	40	39
Other Income / (Expense), net	-53	-19	-5.90	3.80	-2.50	5.00	-5.00	-1.90	-4.20	-1.10	-26
Income Tax Expense	2.90	7.50	10	-14	12	7.80	8.10	11	19	-1.40	12
Weighted Average Basic Shares Outstanding	71.50M	71.70M	71.80M	71.80M	71.80M	72M	72.20M	71.20M	70.90M	68.40M	68.50M
Weighted Average Diluted Shares Outstanding	72.40M	72.60M	72.60M	71.80M	72.70M	73.20M	73.30M	72.10M	72M	68.40M	69.10M
Weighted Average Basic & Diluted Shares Outstanding	0.00	71.78M	71.79M	143.59M	71.92M	72.19M	72.19M	68.27M	68.43M	68.47M	68.47M
Cash Dividends to Common per Share	$0.30	$0.30	$0.30	$0.30	$0.30	$0.30	$0.30	$0.30	$0.30	$0.30	$0.30

This table details how cash moves in and out of Energizer's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Change in Cash & Equivalents	413	-215	91	1,390	-1,510	991	-1,011	-34	18	-6.40	19
Net Cash From Operating Activities	162	194	197	229	150	376	180	1.00	395	430	147
Net Cash From Continuing Operating Activities	162	194	197	229	142	389	180	1.00	395	430	147
Net Income / (Loss) Continuing Operations	-4.00	128	202	94	65	47	161	-232	141	38	239
Consolidated Net Income / (Loss)	-4.00	128	202	94	51	-93	161	-232	141	38	239
Depreciation Expense	42	34	50	45	93	112	119	122	123	121	127
Non-Cash Adjustments To Reconcile Net Income	79	38	11	79	65	160	136	582	110	195	-53
Changes in Operating Assets and Liabilities, net	45	-6.50	-66	12	-81	70	-236	-471	22	76	-166
Net Cash From Investing Activities	-39	-371	2.00	-56	-2,922	217	-126	-91	-56	-114	-98
Net Cash From Continuing Investing Activities	-39	-371	2.00	-56	-2,515	-64	-126	-91	-56	-114	-98
Purchase of Property, Plant & Equipment	-40	-29	-25	-24	-55	-65	-65	-78	-57	-98	-84
Acquisitions	-12	-344	0.00	-38	-2,460	-5.10	-67	-14	0.00	-22	-14
Purchase of Investments	-	-	-	-	-	-	-	0.00	0.00	-5.20	0.00
Sale of Property, Plant & Equipment	14	1.50	27	6.10	0.20	6.40	5.70	0.60	0.70	7.30	0.00
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	0.00	0.00	4.20	0.00
Net Cash From Financing Activities	309	-45	-107	1,226	1,272	393	-1,069	79	-309	-300	-29
Net Cash From Continuing Financing Activities	309	-45	-107	1,226	1,277	394	-1,069	79	-309	-300	-29
Repayment of Debt	-26	-4.60	-4.80	-27	-784	-1,469	-2,842	-120	-221	-208	-542
Repurchase of Common Equity	0.00	-32	-60	-70	-45	-45	-96	-	0.00	0.00	-90
Payment of Dividends	-16	-63	-69	-70	-91	-102	-100	-93	-86	-87	-87
Issuance of Debt	999	59	37	1,403	1,800	2,021	1,983	300	0.00	0.00	698
Other Financing Activities, net	-649	-5.20	-10	-10	-8.30	-11	-14	-7.60	-2.20	-5.00	-8.20
Effect of Exchange Rate Changes	-20	7.90	-1.60	-8.50	-9.10	-	-	-23	-12	-22	-0.50

This table details how cash moves in and out of Energizer's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	21	18	-84	-11	70	-21	-57	32	65	-21	-42
Net Cash From Operating Activities	99	178	37	46	169	77	-13	21	62	150	-1.70
Net Cash From Continuing Operating Activities	99	178	37	46	169	77	-13	21	62	150	-1.70
Net Income / (Loss) Continuing Operations	20	1.90	32	-44	48	22	28	154	35	-3.40	10
Consolidated Net Income / (Loss)	20	1.90	32	-44	48	22	28	154	35	-3.40	10
Depreciation Expense	30	30	29	31	31	32	31	32	32	32	31
Non-Cash Adjustments To Reconcile Net Income	70	39	23	120	12	6.90	11	-99	24	53	-3.80
Changes in Operating Assets and Liabilities, net	-21	107	-48	-61	78	16	-83	-65	-30	68	-39
Net Cash From Investing Activities	-21	-37	-28	-24	-25	-35	-21	-26	-16	-25	-17
Net Cash From Continuing Investing Activities	-21	-37	-28	-24	-25	-35	-21	-26	-16	-25	-17
Purchase of Property, Plant & Equipment	-21	-26	-27	-19	-27	-35	-21	-14	-15	-25	-18
Net Cash From Financing Activities	-48	-111	-83	-30	-76	-56	-26	32	21	-146	-23
Net Cash From Continuing Financing Activities	-48	-111	-83	-30	-76	-56	-25	32	20	-146	-23
Repayment of Debt	-26	-83	-62	-8.30	-55	-25	-201	116	-432	-110	-1.00
Repurchase of Common Equity	-	-	-	-	-	0.00	-	-	-27	-4.50	-0.90
Payment of Dividends	-22	-23	-22	-22	-22	-24	-22	-21	-21	-23	-21
Effect of Exchange Rate Changes	-8.40	-12	-9.80	-2.80	2.70	-7.20	2.80	4.70	-0.80	0.20	-0.80

This table presents Energizer's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Total Assets	1,619	1,732	1,824	3,179	5,450	5,728	5,008	4,572	4,510	4,342	4,557
Total Current Assets	1,077	890	1,020	1,171	2,037	2,211	1,440	1,590	1,557	1,479	1,679
Cash & Equivalents	502	287	378	522	259	460	239	205	223	217	236
Accounts Receivable	156	191	230	230	340	292	293	422	512	441	404
Inventories, net	276	289	317	323	469	511	728	772	650	657	781
Prepaid Expenses	143	122	95	96	177	158	179	191	172	163	258
Plant, Property, & Equipment, net	206	202	177	167	362	0.00	383	362	364	380	403
Total Noncurrent Assets	336	640	627	1,841	3,051	3,517	3,185	2,620	2,589	2,483	2,475
Goodwill	38	230	230	244	1,005	1,016	1,054	1,003	1,016	1,046	1,051
Intangible Assets	76	235	224	233	1,959	1,909	1,871	1,296	1,238	1,071	1,006
Noncurrent Deferred & Refundable Income Taxes	163	64	48	37	23	24	22	62	88	146	167
Other Noncurrent Operating Assets	59	112	125	1,327	64	568	238	259	247	221	251
Total Liabilities & Shareholders' Equity	1,619	1,732	1,824	3,179	5,450	5,728	5,008	4,572	4,510	4,342	4,557
Total Liabilities	1,679	1,762	1,739	3,154	4,906	5,419	4,652	4,442	4,299	4,207	4,387
Total Current Liabilities	466	533	582	751	1,069	1,648	946	698	734	820	795
Short-Term Debt	8.20	61	108	251	34	845	117	18	20	14	8.60
Accounts Payable	167	217	219	229	299	378	455	329	371	433	402
Other Current Liabilities	291	255	255	271	334	425	375	350	343	373	384
Total Noncurrent Liabilities	1,212	1,228	1,157	2,403	3,837	3,771	3,705	3,744	3,565	3,387	3,592
Long-Term Debt	1,212	1,228	1,157	1,153	3,462	3,307	3,333	3,499	3,332	3,193	3,408
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	19	171	140	91	18	12	8.30	6.10
Other Noncurrent Operating Liabilities	-	-	0.00	1,231	205	324	281	226	220	186	178
Total Equity & Noncontrolling Interests	-60	-30	85	25	544	309	356	131	211	136	170
Total Preferred & Common Equity	-60	-30	85	25	544	309	356	131	211	136	170
Total Common Equity	-60	-30	85	25	544	309	356	131	211	136	170
Common Stock	182	195	197	218	871	860	833	830	751	668	604
Retained Earnings	6.90	71	199	177	130	-66	-5.00	-305	-165	-128	87
Accumulated Other Comprehensive Income / (Loss)	-249	-266	-239	-242	-298	-308	-230	-145	-138	-181	-226
Other Equity Adjustments	-	-	-	-	-	-	-	-249	-	-	-296

This table presents Energizer's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	12/31/2022	3/31/2023	6/30/2023	12/31/2023	3/31/2024	6/30/2024	12/31/2024	3/31/2025	6/30/2025	12/31/2025	3/31/2026
Total Assets	4,578	4,436	4,505	4,424	4,287	4,241	4,230	4,212	4,516	4,444	4,399
Total Current Assets	1,602	1,488	1,568	1,471	1,358	1,393	1,406	1,395	1,642	1,563	1,500
Cash & Equivalents	280	194	202	242	158	147	196	139	171	215	173
Accounts Receivable	364	357	385	376	334	369	350	305	324	373	310
Inventories, net	755	747	765	641	666	687	667	749	870	721	744
Prepaid Expenses	203	191	216	212	200	191	194	202	278	254	274
Plant, Property, & Equipment, net	354	350	352	384	387	375	385	385	394	421	393
Total Noncurrent Assets	2,622	2,598	2,585	2,569	2,542	2,473	2,439	2,432	2,480	2,460	2,507
Goodwill	1,016	1,020	1,023	1,024	1,022	1,035	1,032	1,038	1,050	1,051	1,048
Intangible Assets	1,282	1,267	1,253	1,224	1,209	1,085	1,054	1,040	1,026	992	979
Noncurrent Deferred & Refundable Income Taxes	62	67	66	92	92	119	139	143	147	165	166
Other Noncurrent Operating Assets	262	244	242	228	218	235	215	212	256	253	313
Total Liabilities & Shareholders' Equity	4,578	4,436	4,505	4,424	4,287	4,241	4,230	4,212	4,516	4,444	4,399
Total Liabilities	4,447	4,288	4,338	4,253	4,096	4,118	4,090	4,078	4,333	4,302	4,226
Total Current Liabilities	697	637	726	724	668	701	783	750	924	784	732
Short-Term Debt	12	14	17	14	13	14	14	7.50	7.60	8.60	8.60
Accounts Payable	353	329	381	375	362	381	436	416	425	408	393
Other Current Liabilities	332	294	328	336	293	306	334	326	492	367	330
Total Noncurrent Liabilities	3,750	3,651	3,612	3,529	3,428	3,417	3,306	3,329	3,409	3,518	3,494
Long-Term Debt	3,507	3,415	3,377	3,303	3,226	3,213	3,117	3,155	3,218	3,319	3,305
Noncurrent Deferred & Payable Income Tax Liabilities	16	16	16	11	11	11	9.70	8.80	6.80	9.40	9.60
Other Noncurrent Operating Liabilities	227	220	219	215	191	194	179	165	183	190	180
Total Equity & Noncontrolling Interests	131	148	167	171	191	123	141	134	183	141	173
Total Preferred & Common Equity	131	148	167	171	191	123	141	134	183	141	173
Total Common Equity	131	148	167	171	191	123	141	134	183	141	173
Common Stock	804	787	769	719	704	687	630	615	598	588	595
Retained Earnings	-256	-216	-184	-164	-132	-176	-108	-80	73	59	48
Accumulated Other Comprehensive Income / (Loss)	-175	-184	-179	-159	-156	-164	-175	-195	-221	-226	-190
Other Equity Adjustments	-242	-239	-239	-225	-225	-224	-206	-206	-268	-280	-280

This table displays calculated financial ratios and metrics derived from Energizer's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	2.39%	38.76%	10.03%	10.08%	0.95%	-2.96%	-2.46%	2.28%
EBITDA Growth	-96.52%	-17.94%	997.96%	-15.37%	22.97%	19.80%	14.55%	-104.74%	1,925.88%	-28.61%	73.65%
EBIT Growth	-100.00%	0.00%	0.00%	-16.18%	9.32%	19.56%	17.25%	-135.08%	333.11%	-38.20%	112.60%
NOPAT Growth	100.00%	0.00%	0.00%	-36.84%	80.01%	-1.38%	74.79%	-122.52%	426.86%	-48.21%	129.25%
Net Income Growth	0.00%	0.00%	0.00%	-53.60%	-45.35%	-282.58%	272.45%	-243.88%	160.69%	-72.88%	527.30%
EPS Growth	0.00%	0.00%	0.00%	-52.80%	-61.84%	-372.41%	233.54%	-259.72%	157.57%	-73.20%	538.46%
Operating Cash Flow Growth	-26.42%	19.84%	1.70%	15.97%	-34.63%	151.77%	-52.26%	-99.44%	39,420.00%	8.70%	-65.76%
Free Cash Flow Firm Growth	105.43%	-573.19%	170.82%	-7.89%	-1,189.47%	119.21%	-81.68%	-66.61%	1,513.05%	-10.38%	-62.61%
Invested Capital Growth	-9.16%	47.73%	-0.08%	-6.68%	274.02%	-5.32%	11.08%	-3.48%	-3.00%	-6.40%	7.61%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	1.63%	0.10%	0.81%	0.70%	0.00%	0.93%
EBITDA Q/Q Growth	0.00%	7.19%	665.45%	597.37%	377.34%	-0.36%	1.30%	-105.11%	1,705.52%	0.00%	0.44%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-2.00%	1.13%	-138.73%	321.80%	0.00%	0.29%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-17.16%	51.39%	-126.75%	414.27%	0.00%	-2.01%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-2,220.45%	514.12%	-207.88%	158.25%	0.00%	-5.05%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-532.00%	370.51%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	56.94%	-3.44%	-0.20%	-4.55%	213.42%	4.12%	2.74%	-98.21%	-2.06%	0.00%	-42.20%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	164.21%	87.16%	26.14%	-32.79%	-67.42%	-49.11%	-7.51%	144.58%	-59.83%
Invested Capital Q/Q Growth	0.00%	52.86%	-1.12%	3.85%	-12.95%	-9.75%	-1.02%	-12.13%	-0.57%	-2.43%	3.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	0.00%	46.21%	46.22%	40.24%	39.42%	38.44%	36.70%	37.98%	38.25%	41.75%
EBITDA Margin	0.00%	0.00%	21.45%	17.73%	15.71%	17.11%	17.80%	-0.84%	15.73%	11.51%	19.55%
Operating Margin	0.00%	0.00%	17.13%	14.60%	11.42%	13.10%	13.78%	-4.58%	13.51%	8.10%	15.29%
EBIT Margin	0.00%	0.00%	18.59%	15.22%	11.99%	13.03%	13.88%	-4.82%	11.59%	7.34%	15.26%
Profit (Net Income) Margin	0.00%	0.00%	11.48%	5.20%	2.05%	-3.40%	5.33%	-7.59%	4.75%	1.32%	8.09%
Tax Burden Percent	0.00%	0.00%	73.73%	53.37%	69.90%	-137.81%	104.35%	75.78%	79.97%	70.82%	84.13%
Interest Burden Percent	0.00%	0.00%	83.73%	64.04%	24.44%	18.93%	36.78%	207.68%	51.24%	25.39%	63.06%
Effective Tax Rate	0.00%	0.00%	26.27%	46.63%	11.49%	30.87%	-4.35%	0.00%	20.03%	29.18%	15.87%
Return on Invested Capital (ROIC)	0.00%	0.00%	22.81%	14.91%	11.73%	7.53%	12.82%	-2.79%	9.43%	5.12%	11.70%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	20.67%	9.65%	0.95%	-4.36%	3.87%	-6.89%	3.86%	0.96%	7.15%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	708.59%	155.71%	6.25%	-29.41%	35.59%	-92.42%	72.90%	16.87%	144.66%
Return on Equity (ROE)	0.00%	0.00%	731.40%	170.62%	17.98%	-21.88%	48.41%	-95.21%	82.33%	21.99%	156.36%
Cash Return on Invested Capital (CROIC)	9.60%	-38.53%	22.89%	21.82%	-103.89%	12.99%	2.32%	0.75%	12.48%	11.73%	4.37%
Operating Return on Assets (OROA)	0.00%	0.00%	18.36%	10.94%	6.93%	6.40%	7.81%	-3.07%	7.55%	4.79%	10.12%
Return on Assets (ROA)	0.00%	0.00%	11.34%	3.74%	1.18%	-1.67%	3.00%	-4.83%	3.09%	0.86%	5.37%
Return on Common Equity (ROCE)	0.00%	0.00%	731.40%	170.62%	17.98%	-21.88%	48.41%	-95.21%	82.33%	21.99%	156.36%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	236.78%	381.63%	9.40%	-30.18%	45.23%	-177.26%	66.68%	28.06%	0.00%
Net Operating Profit after Tax (NOPAT)	0.00	0.00	222	140	252	249	434	-98	320	166	380
NOPAT Margin	0.00%	0.00%	12.63%	7.79%	10.11%	9.06%	14.38%	-3.21%	10.81%	5.74%	12.86%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	2.14%	5.26%	10.78%	11.89%	8.95%	4.10%	5.57%	4.17%	4.55%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	10.55%
Cost of Revenue to Revenue	0.00%	0.00%	53.79%	53.78%	59.76%	60.58%	61.56%	63.30%	62.02%	61.75%	58.25%
SG&A Expenses to Revenue	0.00%	0.00%	20.58%	23.46%	20.67%	17.61%	16.12%	15.88%	16.54%	18.23%	18.03%
R&D to Revenue	0.00%	0.00%	1.25%	1.25%	1.31%	1.29%	1.14%	1.14%	1.11%	1.09%	1.10%
Operating Expenses to Revenue	0.00%	0.00%	29.08%	31.62%	28.82%	26.32%	24.66%	41.29%	24.46%	30.15%	26.46%
Earnings before Interest and Taxes (EBIT)	0.00	0.00	326	274	299	358	419	-147	343	212	451
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	42	34	377	319	392	470	538	-26	466	332	577
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	27.10	118.26	4.69	7.56	6.72	12.73	10.45	16.79	10.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	1.31	1.61	1.02	0.85	0.79	0.55	0.74	0.79	0.58
Price to Earnings (P/E)	0.00	0.00	11.44	30.99	65.26	0.00	16.53	0.00	15.67	59.85	8.76
Dividend Yield	5.86%	2.53%	2.95%	2.39%	3.24%	3.52%	3.43%	5.14%	3.90%	3.78%	4.82%
Earnings Yield	0.00%	0.00%	8.74%	3.23%	1.53%	0.00%	6.05%	0.00%	6.38%	1.67%	11.42%
Enterprise Value to Invested Capital (EV/IC)	3.91	3.54	3.29	4.17	1.71	1.63	1.57	1.45	1.60	1.69	1.45
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	1.82	2.10	2.32	1.91	1.85	1.63	1.80	1.83	1.66
Enterprise Value to EBITDA (EV/EBITDA)	61.60	100.48	8.48	11.86	14.77	11.16	10.42	0.00	11.45	15.86	8.48
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	9.78	13.81	19.35	14.65	13.36	0.00	15.55	24.87	10.86
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	14.40	26.99	22.96	21.08	12.90	0.00	16.67	31.82	12.89
Enterprise Value to Operating Cash Flow (EV/OCF)	15.92	17.77	16.19	16.53	38.72	13.92	31.18	4,975.53	13.49	12.27	33.26
Enterprise Value to Free Cash Flow (EV/FCFF)	38.78	0.00	14.35	18.44	0.00	12.22	71.30	189.62	12.59	13.89	34.50
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-20.31	-42.99	14.86	57.32	6.43	13.43	9.70	26.94	15.91	23.62	20.19
Long-Term Debt to Equity	-20.17	-40.95	13.59	47.07	6.37	10.70	9.37	26.79	15.81	23.51	20.06
Financial Leverage	1.08	-19.10	34.28	16.14	6.56	6.74	9.20	13.42	18.87	17.66	20.23
Leverage Ratio	4.23	-37.18	64.52	45.64	15.18	13.11	16.15	19.70	26.61	25.55	29.11
Compound Leverage Factor	0.00	0.00	54.02	29.23	3.71	2.48	5.94	40.91	13.63	6.49	18.36
Debt to Total Capital	105.18%	102.38%	93.69%	98.29%	86.54%	93.07%	90.65%	96.42%	94.09%	95.94%	95.28%
Short-Term Debt to Total Capital	0.71%	4.87%	8.01%	17.59%	0.83%	18.94%	3.07%	0.50%	0.57%	0.42%	0.62%
Long-Term Debt to Total Capital	104.47%	97.51%	85.69%	80.70%	85.71%	74.13%	87.58%	95.92%	93.52%	95.52%	94.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-5.18%	-2.38%	6.31%	1.71%	13.46%	6.93%	9.35%	3.58%	5.91%	4.06%	4.72%
Debt to EBITDA	29.20	37.60	3.36	4.41	8.92	8.84	6.42	-137.95	7.20	9.65	5.94
Net Debt to EBITDA	17.19	29.23	2.35	2.77	8.26	6.18	5.97	-129.90	6.72	9.00	5.53
Long-Term Debt to EBITDA	29.00	35.81	3.07	3.62	8.83	7.04	6.20	-137.23	7.16	9.61	5.90
Debt to NOPAT	0.00	0.00	5.70	10.03	13.87	16.70	7.94	-35.95	10.48	19.36	9.03
Net Debt to NOPAT	0.00	0.00	4.00	6.30	12.84	11.67	7.39	-33.85	9.78	18.05	8.41
Long-Term Debt to NOPAT	0.00	0.00	5.22	8.23	13.73	13.30	7.67	-35.76	10.42	19.28	8.97
Altman Z-Score	1.12	1.14	2.79	1.64	1.20	1.05	1.31	0.93	1.38	1.29	1.47
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.31	1.67	1.75	1.56	1.91	1.34	1.52	2.28	2.12	1.80	2.11
Quick Ratio	1.41	0.90	1.05	1.00	0.56	0.46	0.56	0.90	1.00	0.80	0.81
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	66	-314	223	205	-2,233	429	79	26	423	379	142
Operating Cash Flow to CapEx	605.99%	712.87%	0.00%	1,263.54%	272.31%	639.05%	303.55%	1.30%	704.46%	474.17%	175.33%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	4.19	2.08	-9.88	1.48	0.30	0.17	2.53	2.40	0.85
Operating Cash Flow to Interest Expense	0.00	0.00	3.71	2.32	0.66	1.30	0.68	0.01	2.36	2.72	0.88
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	3.75	2.14	0.42	1.10	0.45	-0.48	2.03	2.14	0.38
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.99	0.72	0.58	0.49	0.56	0.64	0.65	0.65	0.66
Accounts Receivable Turnover	0.00	0.00	8.34	7.81	8.74	8.68	10.33	8.54	6.34	6.06	6.98
Inventory Turnover	0.00	0.00	3.12	3.02	3.76	3.39	3.00	2.57	2.58	2.73	2.39
Fixed Asset Turnover	0.00	0.00	9.28	10.48	9.44	0.00	0.00	8.19	8.16	7.76	7.54
Accounts Payable Turnover	0.00	0.00	4.33	4.31	5.65	4.91	4.47	4.92	5.24	4.44	4.12
Days Sales Outstanding (DSO)	0.00	0.00	43.77	46.76	41.75	42.03	35.33	42.76	57.55	60.24	52.26
Days Inventory Outstanding (DIO)	0.00	0.00	117.16	120.85	97.01	107.62	121.62	141.79	141.30	133.80	152.63
Days Payable Outstanding (DPO)	0.00	0.00	84.31	84.61	64.63	74.31	81.72	74.13	69.61	82.30	88.63
Cash Conversion Cycle (CCC)	0.00	0.00	76.62	83.00	74.13	75.34	75.23	110.41	129.24	111.74	116.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	658	973	972	907	3,392	3,211	3,567	3,443	3,340	3,126	3,364
Invested Capital Turnover	0.00	0.00	1.81	1.91	1.16	0.83	0.89	0.87	0.87	0.89	0.91
Increase / (Decrease) in Invested Capital	-66	314	-0.80	-65	2,485	-180	356	-124	-103	-214	238
Enterprise Value (EV)	2,575	3,446	3,193	3,780	5,788	5,239	5,604	4,976	5,331	5,270	4,893
Market Capitalization	1,857	2,444	2,306	2,897	2,552	2,337	2,392	1,663	2,202	2,280	1,699
Book Value per Share	($0.97)	($0.48)	$1.37	$0.41	$7.89	$4.51	$5.20	$1.83	$2.95	$1.89	$2.49
Tangible Book Value per Share	($2.81)	($7.99)	($5.96)	($7.57)	($35.12)	($38.18)	($37.58)	($30.43)	($28.58)	($27.59)	($27.64)
Total Capital	1,160	1,260	1,350	1,429	4,039	4,461	3,806	3,648	3,563	3,343	3,600
Total Debt	1,221	1,290	1,265	1,404	3,495	4,152	3,450	3,518	3,352	3,207	3,430
Total Long-Term Debt	1,212	1,228	1,157	1,153	3,462	3,307	3,333	3,499	3,332	3,193	3,408
Net Debt	718	1,003	887	882	3,237	2,902	3,212	3,313	3,129	2,990	3,194
Capital Expenditures (CapEx)	27	27	-2.00	18	55	59	59	77	56	91	84
Debt-free, Cash-free Net Working Capital (DFCFNWC)	117	131	168	149	743	158	371	705	619	456	670
Debt-free Net Working Capital (DFNWC)	619	418	546	671	1,001	1,408	610	911	843	673	906
Net Working Capital (NWC)	611	356	438	420	968	563	493	892	822	659	884
Net Nonoperating Expense (NNE)	0.00	0.00	20	47	201	342	274	134	179	128	141
Net Nonoperating Obligations (NNO)	718	1,003	887	882	2,848	2,902	3,212	3,313	3,129	2,990	3,194
Total Depreciation and Amortization (D&A)	42	34	50	45	93	112	119	122	123	121	127
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	9.59%	8.29%	29.78%	5.75%	12.29%	23.12%	20.92%	15.81%	22.70%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	31.12%	37.34%	40.14%	51.28%	20.19%	29.85%	28.47%	23.32%	30.70%
Net Working Capital to Revenue	0.00%	0.00%	24.96%	23.36%	38.80%	20.49%	16.32%	29.25%	27.79%	22.83%	29.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$1.56	$0.59	($1.59)	$2.12	($3.37)	$0.00	$0.53	$3.37
Adjusted Weighted Average Basic Shares Outstanding	62.40M	61.74M	60.74M	59.80M	66.40M	68.80M	68.20M	69.90M	0.00	71.80M	70.90M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$1.52	$0.58	($1.58)	$2.11	($3.37)	$0.00	$0.52	$3.32
Adjusted Weighted Average Diluted Shares Outstanding	62.40M	61.74M	60.74M	61.40M	67.30M	69.50M	68.70M	69.90M	0.00	72.70M	72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	62.40M	61.74M	60.74M	59.61M	69.18M	137.04M	133.73M	142.58M	0.00	71.92M	68.43M
Normalized Net Operating Profit after Tax (NOPAT)	0.00	0.00	222	140	252	249	291	281	320	244	385
Normalized NOPAT Margin	0.00%	0.00%	12.63%	7.79%	10.11%	9.06%	9.65%	9.23%	10.81%	8.45%	13.03%
Pre Tax Income Margin	0.00%	0.00%	15.57%	9.75%	2.93%	2.47%	5.10%	-10.02%	5.94%	1.86%	9.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	6.15	2.78	1.32	1.23	1.58	-0.93	2.05	1.34	2.70
NOPAT to Interest Expense	0.00	0.00	4.18	1.42	1.12	0.86	1.64	-0.62	1.91	1.05	2.28
EBIT Less CapEx to Interest Expense	0.00	0.00	6.18	2.60	1.08	1.03	1.36	-1.42	1.72	0.77	2.20
NOPAT Less CapEx to Interest Expense	0.00	0.00	4.21	1.24	0.87	0.65	1.42	-1.11	1.58	0.47	1.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	34.29%	74.87%	178.08%	-108.90%	62.21%	-40.17%	61.42%	229.40%	36.44%
Augmented Payout Ratio	0.00%	0.00%	63.82%	149.73%	266.14%	-157.13%	122.06%	-40.17%	61.42%	229.40%	73.97%

This table displays calculated financial ratios and metrics derived from Energizer's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	68,468,761.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	68,468,761.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.15
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.62%	-6.34%	-3.04%	0.29%	-0.67%	2.11%	-0.06%	3.41%	3.36%	6.45%	-2.96%
EBITDA Growth	123.50%	-40.03%	-10.75%	-88.62%	36.56%	22.83%	0.45%	1,909.40%	1.92%	-32.53%	-12.54%
EBIT Growth	114.87%	-50.54%	-12.65%	-121.47%	51.55%	32.81%	-1.85%	1,169.47%	1.31%	-47.62%	-18.01%
NOPAT Growth	133.97%	-82.27%	-10.98%	-123.02%	-21.41%	227.56%	-7.14%	1,301.35%	-14.55%	-44.86%	-34.71%
Net Income Growth	105.18%	-96.12%	-20.78%	-237.74%	153.19%	1,073.68%	-12.65%	450.46%	-26.68%	-115.25%	-64.31%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-7.74%	10.62%	-25.20%	-46.81%	70.78%	-56.77%	-134.78%	-53.28%	-63.59%	94.16%	86.72%
Free Cash Flow Firm Growth	216.75%	104.16%	-67.40%	-77.87%	43.10%	58.50%	-0.53%	13.08%	-157.69%	-170.43%	-165.99%
Invested Capital Growth	-3.00%	-3.64%	-3.29%	-4.62%	-6.40%	-5.26%	-3.52%	1.07%	7.61%	5.79%	4.97%
Revenue Q/Q Growth	15.97%	-11.65%	-7.44%	5.74%	14.87%	-9.18%	-9.40%	9.41%	14.82%	-6.47%	-17.41%
EBITDA Q/Q Growth	-17.02%	-14.35%	36.97%	-88.32%	896.12%	-22.96%	11.62%	112.76%	-43.60%	-49.62%	37.87%
EBIT Q/Q Growth	-22.32%	-21.43%	61.07%	-121.84%	648.31%	-31.15%	18.45%	155.28%	-50.54%	-64.98%	73.30%
NOPAT Q/Q Growth	46.94%	-86.19%	372.57%	-124.01%	601.75%	-42.46%	33.96%	210.60%	-64.31%	-62.87%	58.63%
Net Income Q/Q Growth	-40.88%	-89.89%	1,605.26%	-235.19%	208.68%	-53.15%	26.91%	442.40%	-77.26%	-109.74%	397.06%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	14.87%	80.08%	-79.34%	24.46%	268.78%	-54.41%	-116.62%	267.19%	187.38%	143.09%	-101.14%
Free Cash Flow Firm Q/Q Growth	-67.35%	-33.38%	29.99%	-21.74%	111.14%	-26.21%	-18.43%	-11.03%	-207.71%	9.90%	23.58%
Invested Capital Q/Q Growth	-0.57%	-2.79%	0.79%	-2.09%	-2.43%	-1.61%	2.64%	2.57%	3.89%	-3.27%	1.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.89%	37.26%	38.19%	39.52%	38.08%	36.85%	39.07%	55.11%	36.55%	32.94%	40.23%
EBITDA Margin	11.60%	11.25%	16.64%	1.84%	15.95%	13.53%	16.67%	32.41%	15.92%	8.58%	14.32%
Operating Margin	14.41%	9.71%	13.12%	-3.25%	12.42%	8.50%	11.98%	28.28%	12.57%	4.66%	13.46%
EBIT Margin	7.94%	7.06%	12.29%	-2.54%	12.11%	9.18%	12.01%	28.02%	12.07%	4.52%	9.48%
Profit (Net Income) Margin	2.32%	0.27%	4.88%	-6.24%	5.91%	3.05%	4.27%	21.16%	4.19%	-0.44%	1.57%
Tax Burden Percent	83.19%	20.21%	76.42%	76.17%	80.00%	74.09%	77.75%	93.48%	65.36%	70.83%	46.54%
Interest Burden Percent	35.09%	18.58%	52.02%	323.03%	60.96%	44.79%	45.73%	80.81%	53.13%	-13.64%	35.57%
Effective Tax Rate	12.83%	79.79%	23.58%	0.00%	20.00%	25.91%	22.25%	6.52%	34.64%	0.00%	53.46%
Return on Invested Capital (ROIC)	10.96%	1.73%	0.00%	0.00%	8.88%	5.78%	8.41%	24.01%	7.48%	3.09%	5.77%
ROIC Less NNEP Spread (ROIC-NNEP)	8.38%	1.34%	0.00%	0.00%	7.81%	4.99%	7.31%	22.77%	6.39%	2.14%	4.79%
Return on Net Nonoperating Assets (RNNOA)	158.23%	28.12%	0.00%	0.00%	138.00%	96.40%	137.22%	455.54%	129.31%	45.90%	96.17%
Return on Equity (ROE)	169.20%	29.85%	0.00%	0.00%	146.88%	102.18%	145.62%	479.55%	136.79%	48.99%	101.94%
Cash Return on Invested Capital (CROIC)	12.48%	12.19%	3.34%	4.73%	11.73%	11.03%	8.99%	10.96%	4.37%	5.88%	6.27%
Operating Return on Assets (OROA)	5.18%	4.57%	0.00%	0.00%	7.90%	6.16%	8.20%	18.72%	8.01%	3.13%	6.56%
Return on Assets (ROA)	1.51%	0.17%	0.00%	0.00%	3.85%	2.04%	2.92%	14.14%	2.78%	-0.30%	1.09%
Return on Common Equity (ROCE)	169.20%	29.85%	0.00%	0.00%	146.88%	102.18%	145.62%	479.55%	136.79%	48.99%	101.94%
Return on Equity Simple (ROE_SIMPLE)	0.00%	54.75%	0.00%	0.00%	0.00%	41.61%	40.63%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	102	14	66	-16	80	46	62	192	68	25	40
NOPAT Margin	12.56%	1.96%	10.02%	-2.28%	9.94%	6.30%	9.31%	26.44%	8.22%	3.26%	6.27%
Net Nonoperating Expense Percent (NNEP)	2.58%	0.39%	1.08%	0.89%	1.06%	0.79%	1.10%	1.25%	1.08%	0.95%	0.98%
Return On Investment Capital (ROIC_SIMPLE)	-	0.40%	-	-	-	1.41%	1.87%	5.62%	1.90%	0.73%	1.16%
Cost of Revenue to Revenue	62.11%	62.74%	61.81%	60.48%	61.92%	63.15%	60.93%	44.89%	63.45%	67.06%	59.77%
SG&A Expenses to Revenue	16.59%	17.88%	18.47%	18.48%	18.13%	17.94%	20.52%	17.69%	16.43%	19.17%	20.69%
R&D to Revenue	1.05%	1.09%	1.19%	1.06%	1.06%	1.09%	1.22%	1.13%	1.00%	1.00%	1.18%
Operating Expenses to Revenue	23.47%	27.55%	25.07%	42.77%	25.65%	28.35%	27.09%	26.83%	23.98%	28.28%	26.77%
Earnings before Interest and Taxes (EBIT)	64	51	82	-18	98	67	80	203	101	35	61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	94	81	110	13	129	99	111	235	133	67	92
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	10.45	12.78	10.83	17.01	16.79	17.85	16.13	7.94	10.00	9.63	6.49
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.74	0.75	0.00	0.00	0.79	0.86	0.74	0.50	0.58	0.45	0.38
Price to Earnings (P/E)	15.67	23.35	0.00	0.00	59.85	42.89	39.71	5.78	8.76	8.09	7.49
Dividend Yield	3.90%	3.93%	4.16%	4.10%	3.78%	3.44%	4.01%	5.95%	4.82%	6.03%	7.31%
Earnings Yield	6.38%	4.28%	0.00%	0.00%	1.67%	2.33%	2.52%	17.29%	11.42%	12.37%	13.35%
Enterprise Value to Invested Capital (EV/IC)	1.60	1.62	1.57	1.62	1.69	1.77	1.64	1.39	1.45	1.37	1.29
Enterprise Value to Revenue (EV/Rev)	1.80	1.81	0.00	0.00	1.83	1.88	1.79	1.54	1.66	1.49	1.43
Enterprise Value to EBITDA (EV/EBITDA)	11.45	12.77	0.00	0.00	15.86	15.52	14.75	7.85	8.48	8.21	8.02
Enterprise Value to EBIT (EV/EBIT)	15.55	18.05	0.00	0.00	24.87	23.83	22.83	10.04	10.86	10.69	10.53
Enterprise Value to NOPAT (EV/NOPAT)	16.67	18.75	0.00	0.00	31.82	30.61	29.81	11.64	12.89	12.28	11.85
Enterprise Value to Operating Cash Flow (EV/OCF)	13.49	12.75	0.00	0.00	12.27	16.57	18.58	17.72	33.26	20.37	18.49
Enterprise Value to Free Cash Flow (EV/FCFF)	12.59	13.04	46.29	33.40	13.89	15.62	17.94	12.77	34.50	24.04	21.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	15.91	19.45	16.93	26.15	23.62	22.27	23.62	17.61	20.19	23.55	19.13
Long-Term Debt to Equity	15.81	19.36	16.86	26.04	23.51	22.17	23.56	17.57	20.06	23.49	19.08
Financial Leverage	18.87	20.95	18.59	21.61	17.66	19.32	18.77	20.01	20.23	21.45	20.07
Leverage Ratio	26.61	29.87	25.68	30.13	25.55	27.81	26.13	28.56	29.11	30.77	28.04
Compound Leverage Factor	9.34	5.55	13.36	97.33	15.57	12.46	11.95	23.08	15.47	-4.20	9.97
Debt to Total Capital	94.09%	95.11%	94.42%	96.32%	95.94%	95.70%	95.94%	94.63%	95.28%	95.93%	95.03%
Short-Term Debt to Total Capital	0.57%	0.41%	0.38%	0.41%	0.42%	0.42%	0.23%	0.22%	0.62%	0.25%	0.25%
Long-Term Debt to Total Capital	93.52%	94.70%	94.04%	95.91%	95.52%	95.28%	95.71%	94.40%	94.66%	95.68%	94.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	5.91%	4.89%	5.58%	3.68%	4.06%	4.30%	4.06%	5.37%	4.72%	4.07%	4.97%
Debt to EBITDA	7.20	8.06	0.00	0.00	9.65	8.93	9.00	5.61	5.94	6.11	6.23
Net Debt to EBITDA	6.72	7.47	0.00	0.00	9.00	8.37	8.61	5.32	5.53	5.71	5.91
Long-Term Debt to EBITDA	7.16	8.02	0.00	0.00	9.61	8.89	8.98	5.60	5.90	6.09	6.21
Debt to NOPAT	10.48	11.83	0.00	0.00	19.36	17.60	18.19	8.32	9.03	9.14	9.20
Net Debt to NOPAT	9.78	10.97	0.00	0.00	18.05	16.50	17.39	7.88	8.41	8.55	8.72
Long-Term Debt to NOPAT	10.42	11.78	0.00	0.00	19.28	17.53	18.15	8.31	8.97	9.11	9.18
Altman Z-Score	1.18	1.15	0.52	0.43	1.21	1.25	1.23	1.21	1.21	1.12	1.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.12	2.03	2.03	1.99	1.80	1.80	1.86	1.78	2.11	1.99	2.05
Quick Ratio	1.00	0.85	0.74	0.74	0.80	0.70	0.59	0.54	0.81	0.75	0.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	205	137	178	139	294	217	177	157	-169	-153	-117
Operating Cash Flow to CapEx	462.15%	698.43%	138.87%	336.76%	675.60%	222.54%	-60.95%	158.52%	415.54%	590.91%	-9.60%
Free Cash Flow to Firm to Interest Expense	4.77	3.32	4.59	3.64	7.34	5.84	4.09	4.03	-3.56	-3.82	-2.97
Operating Cash Flow to Interest Expense	2.30	4.32	0.95	1.20	4.22	2.08	-0.30	0.55	1.29	3.74	-0.04
Operating Cash Flow Less CapEx to Interest Expense	1.80	3.70	0.27	0.84	3.60	1.14	-0.78	0.20	0.98	3.11	-0.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.65	0.00	0.00	0.65	0.67	0.68	0.67	0.66	0.69	0.69
Accounts Receivable Turnover	6.34	7.86	0.00	0.00	6.06	7.99	9.08	8.45	6.98	8.30	9.70
Inventory Turnover	2.58	2.61	0.00	0.00	2.73	2.75	2.53	2.17	2.39	2.57	2.36
Fixed Asset Turnover	8.16	7.89	0.00	0.00	7.76	7.55	7.52	7.61	7.54	7.45	7.66
Accounts Payable Turnover	5.24	5.00	0.00	0.00	4.44	4.43	4.60	4.19	4.12	4.22	4.35
Days Sales Outstanding (DSO)	57.55	46.43	0.00	0.00	60.24	45.66	40.19	43.20	52.26	43.95	37.64
Days Inventory Outstanding (DIO)	141.30	140.03	0.00	0.00	133.80	132.90	144.31	168.07	152.63	142.23	154.66
Days Payable Outstanding (DPO)	69.61	72.99	0.00	0.00	82.30	82.41	79.38	87.05	88.63	86.55	83.91
Cash Conversion Cycle (CCC)	129.24	113.47	0.00	0.00	111.74	96.16	105.12	124.23	116.26	99.63	108.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,340	3,246	3,272	3,204	3,126	3,076	3,157	3,238	3,364	3,254	3,314
Invested Capital Turnover	0.87	0.88	0.00	0.00	0.89	0.92	0.90	0.91	0.91	0.95	0.92
Increase / (Decrease) in Invested Capital	-103	-123	-111	-155	-214	-171	-115	34	238	178	157
Enterprise Value (EV)	5,331	5,257	5,152	5,180	5,270	5,444	5,183	4,510	4,893	4,474	4,265
Market Capitalization	2,202	2,181	2,072	2,099	2,280	2,509	2,160	1,455	1,699	1,361	1,124
Book Value per Share	$2.95	$2.39	$2.67	$1.72	$1.89	$1.96	$1.85	$2.54	$2.49	$2.06	$2.53
Tangible Book Value per Share	($28.58)	($29.06)	($28.42)	($27.81)	($27.59)	($27.04)	($26.93)	($26.22)	($27.64)	($27.79)	($27.08)
Total Capital	3,563	3,488	3,430	3,350	3,343	3,272	3,296	3,409	3,600	3,469	3,486
Total Debt	3,352	3,318	3,239	3,227	3,207	3,131	3,162	3,226	3,430	3,327	3,313
Total Long-Term Debt	3,332	3,303	3,226	3,213	3,193	3,117	3,155	3,218	3,408	3,319	3,305
Net Debt	3,129	3,076	3,081	3,080	2,990	2,935	3,023	3,055	3,194	3,113	3,141
Capital Expenditures (CapEx)	21	26	27	14	25	35	21	14	15	25	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	619	519	545	560	456	441	514	555	670	572	604
Debt-free Net Working Capital (DFNWC)	843	761	703	706	673	637	653	726	906	787	776
Net Working Capital (NWC)	822	747	690	693	659	623	645	718	884	779	768
Net Nonoperating Expense (NNE)	83	12	34	28	32	24	33	38	34	29	30
Net Nonoperating Obligations (NNO)	3,129	3,076	3,081	3,080	2,990	2,935	3,023	3,055	3,194	3,113	3,141
Total Depreciation and Amortization (D&A)	30	30	29	31	31	32	31	32	32	32	31
Debt-free, Cash-free Net Working Capital to Revenue	20.92%	17.83%	0.00%	0.00%	15.81%	15.18%	17.70%	18.96%	22.70%	19.08%	20.25%
Debt-free Net Working Capital to Revenue	28.47%	26.13%	0.00%	0.00%	23.32%	21.93%	22.50%	24.81%	30.70%	26.24%	26.04%
Net Working Capital to Revenue	27.79%	25.65%	0.00%	0.00%	22.83%	21.46%	22.24%	24.55%	29.94%	25.95%	25.75%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($0.61)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	71.50M	71.70M	71.80M	71.80M	71.80M	72M	72.20M	71.20M	70.90M	68.40M	68.50M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.61)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	72.40M	72.60M	72.60M	71.80M	72.70M	73.20M	73.30M	72.10M	72M	68.40M	69.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	71.78M	71.79M	143.59M	71.92M	72.19M	72.19M	68.27M	68.43M	68.47M	68.47M
Normalized Net Operating Profit after Tax (NOPAT)	102	49	66	61	80	46	62	192	68	25	61
Normalized NOPAT Margin	12.56%	6.80%	10.02%	8.76%	9.94%	6.30%	9.31%	26.44%	8.22%	3.26%	9.42%
Pre Tax Income Margin	2.79%	1.31%	6.39%	-8.20%	7.38%	4.11%	5.49%	22.64%	6.41%	-0.62%	3.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.50	1.23	2.11	-0.47	2.44	1.81	1.84	5.21	2.11	0.88	1.55
NOPAT to Interest Expense	2.37	0.34	1.72	-0.42	2.00	1.24	1.43	4.92	1.44	0.64	1.03
EBIT Less CapEx to Interest Expense	1.00	0.61	1.42	-0.82	1.82	0.88	1.36	4.86	1.80	0.25	1.10
NOPAT Less CapEx to Interest Expense	1.87	-0.28	1.03	-0.77	1.38	0.31	0.94	4.57	1.13	0.00	0.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	61.42%	93.36%	0.00%	0.00%	229.40%	150.94%	162.68%	35.04%	36.44%	40.69%	43.93%
Augmented Payout Ratio	61.42%	93.36%	0.00%	0.00%	229.40%	150.94%	162.68%	35.04%	73.97%	84.86%	92.67%

Financials Breakdown Chart

Key Financial Trends

Energizer (NYSE: ENR) has delivered a multi-year pattern of solid top-line results, meaningful cash generation, and ongoing dividend returns, but faces leverage and profitability swings in certain quarters. Below is a concise, four-year view of trends drawn from the quarterly statements provided for 2022–2026.

Revenue has remained robust in the 700–800 million per-quarter range across 2023–2025, with Q4 2024 at 805.7m and Q4 2025 at 832.8m, signaling durable demand. In Q1 2026 revenue was 778.9m, still within the same general band.
Gross margin strength is evident in several quarters, notably Q3 2025 where total gross profit was 399.7m on 725.3m of revenue (roughly a 55% margin), indicating favorable pricing/product mix in that period.
Operating cash flow has been a meaningful source of cash in multiple quarters, including 149.5m of net cash from continuing operating activities in Q1 2026 and about 61.5m in Q4 2024, highlighting solid cash-generation capability.
Cash dividends per share have been steady at 0.30, reflecting a consistent return of capital to shareholders across several quarters.
Liquidity remains adequate, with cash & equivalents around 214.8m and total current assets of 1.56b in Q1 2026, while total current liabilities are about 783.9m, supporting a near-term liquidity cushion (current ratio around 2x based on these figures).
Debt levels are substantial, with long-term debt generally in the low-to-mid 3 billion range, creating leverage risk even as the balance sheet shows a sizable asset base.
Net income can swing to small losses, as seen in Q1 2026 where net income attributable to common shareholders was about -3.4m, signaling near-term profitability pressure.
Impairment expense of 110.6m in Q3 2025 weighed on profitability and pretax income, representing a notable non-operating headwind in that period.
Total Other Income / (Expense), net was negative in several quarters (for example -51.8m in Q4 2025 and -41.1m in Q1 2026), further suppressing pretax results.
Financing outflows have been meaningful in multiple quarters (for instance, net cash from financing activities around -145.8m in Q1 2026), consistent with debt repayments and shareholder capital returns rather than equity raises.

05/25/26 07:16 AM ETAI Generated. May Contain Errors.

Energizer Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Energizer's financial year ends in September. Their financial year 2025 ended on September 30, 2025.

Energizer's net income appears to be on an upward trend, with a most recent value of $239 million in 2025, rising from $0.00 in 2015. The previous period was $38.10 million in 2024. See Energizer's forecast for analyst expectations on what's next for the company.

Energizer's total operating income in 2025 was $451.40 million, based on the following breakdown:

Total Gross Profit: $1.23 billion
Total Operating Expenses: $781.30 million

Over the last 10 years, Energizer's total revenue changed from $0.00 in 2015 to $2.95 billion in 2025, a change of 295,270,000,000.0%.

Energizer's total liabilities were at $4.39 billion at the end of 2025, a 4.3% increase from 2024, and a 161.3% increase since 2015.

In the past 10 years, Energizer's cash and equivalents has ranged from $205.30 million in 2022 to $522.10 million in 2018, and is currently $236.20 million as of their latest financial filing in 2025.

Over the last 10 years, Energizer's book value per share changed from -0.97 in 2015 to 2.49 in 2025, a change of -357.5%.

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Financial statements for NYSE:ENR last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Energizer (ENR) Financials

Financials Breakdown Chart

Key Financial Trends

Energizer Financials - Frequently Asked Questions

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Energizer (ENR) Financials

Annual Income Statements for Energizer

Quarterly Income Statements for Energizer

Annual Cash Flow Statements for Energizer

Quarterly Cash Flow Statements for Energizer

Annual Balance Sheets for Energizer

Quarterly Balance Sheets for Energizer

Annual Metrics And Ratios for Energizer

Quarterly Metrics And Ratios for Energizer

Financials Breakdown Chart

Key Financial Trends

Energizer Financials - Frequently Asked Questions

When does Energizer's fiscal year end?

How has Energizer's net income changed over the last 10 years?

What is Energizer's operating income?

How has Energizer's revenue changed over the last 10 years?

How much debt does Energizer have?

How much cash does Energizer have?

How has Energizer's book value per share changed over the last 10 years?

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