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Energizer Holdings (ENR) AI Stock Analysis
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Energizer Holdings
(NYSE:ENR)
ENR scores as a moderate opportunity: attractive valuation (low P/E and high dividend yield) and a generally constructive technical trend are positives. The main limiter is financial risk—extreme leverage and a thin equity base—combined with historically uneven earnings/cash-flow stability. The latest earnings call adds a balanced signal: softer near-term growth guidance, but improving margin trajectory and continued focus on free cash flow and debt reduction.
Energizer Holdings Key Performance Indicators (KPIs)
Operating Income by SegmentShows operating profit for each business segment, revealing which parts of Energizer are most profitable and how segment margins contribute to overall earnings. Exposes the effects of raw-material costs, pricing power, and cost control, helping assess if revenue growth converts into sustainable profit or if margins are eroding.
Batteries & Lights is clearly the company’s profit engine—seasonal Q3 strength and recent U.S. share gains underpin most operating income upside—while Auto Care is smaller and more volatile despite meaningful distribution expansion. Corporate overhead has drifted more negative, so segment gains must outpace rising corporate drag. Management’s booked tariff receivable boosted near‑term margins, but ongoing ~$15M/quarter tariff costs and reduced production credits make the promised back‑half inflection dependent on timing of cash refunds and inventory clean‑up—watch Q3 P&L for the real test.
The FlyEnergizer Holdings (ENR) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.59B
- Dividend Yield
- 5.18%
- Average Volume (3M)
- 979.17K
- Price to Earnings (P/E)
- 19.4
- Beta (1Y)
- 0.97
- Revenue Growth
- 2.17%
- EPS Growth
- -66.19%
- Country
- US
- Employees
- 6,050
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Electrical Equipment & Parts
Energizer Holdings Business Overview & Revenue Model
Company Description
Energizer Holdings, Inc. is a global enterprise dedicated to the production, marketing, and distribution of a comprehensive range of batteries and lighting solutions. Their diverse battery portfolio includes lithium, alkaline, carbon zinc, nickel met...
How the Company Makes Money
Energizer primarily makes money by manufacturing, marketing, and selling consumer batteries and portable lighting products to retailers and distributors around the world. Its core revenue stream is the sale of batteries, which are purchased repeatedl...
Energizer Holdings Earnings Call Summary
The call communicated a mix of short-term demand challenges and competitive category softness (200–300 bps) that led to a lowered back-half revenue outlook (from ~4% to flat–+1%), but emphasized strong execution: significant gross margin recovery (+430 bps YTD), expected low-40s Q4 gross margin, ~25% adjusted EPS growth in Q4 at the midpoint, US volume (+5%) and value (+1.8%) gains, distribution and innovation progress, tariff recoveries and material free cash flow improvements driven by Project Momentum completion and lower run-rate CapEx (~1% of sales). While top-line pacing and promotional dynamics are notable near-term headwinds, the company presented credible margin, cash flow and strategic levers that support the outlook and balance sheet repair.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Energizer narrowed its outlook, saying the back half of fiscal 2026 is now expected to be roughly flat to +1% organic growth (vs. the ~4% back‑half expectation in May) due to a battery category slowdown of roughly 200–300 basis points; despite that, Q3 delivered organic growth in both Batteries & Lights and Auto Care, U.S. value grew 1.8% and U.S. volume grew 5% while the company continued to gain share and expand distribution. Management highlighted gross margin improvement of more than 430 basis points since Q1 and expects Q4 gross margin north of 40% (low‑40s clean number), roughly 25% adjusted EPS growth at the Q4 midpoint, and pricing neutral to slightly positive in Q4. They also reiterated strong free cash flow and meaningful debt reduction expectations, completion of Project Momentum this year (reducing related cash costs), a run‑rate CapEx reduction target of ~1% of net sales (~$30M), and IEEPA tariff recoveries with ~$11M collected to date and ~$53M remaining to support cash generation.
Energizer Holdings Financial Statement Overview
Summary
Operations are decent but the capital structure is a major constraint. Revenue rebounded strongly in the TTM period (~29.5%) with healthy EBIT/EBITDA margins (~13.2% / ~17.4%), but net income fell sharply versus FY2025 and profitability has been uneven across years. Cash flow is positive (TTM OCF ~$217.5M; FCF ~$150.6M) but not consistently stable. The largest risk is extremely high leverage (TTM debt ~$3.43B vs. equity ~$203M; ~19.7x debt-to-equity), leaving limited cushion if performance softens.
Income Statement
62PositiveBalance Sheet
23NegativeCash Flow
51Neutral| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.99B | 2.95B | 2.89B | 2.96B | 3.05B | 3.02B |
| Gross Profit | 1.10B | 1.23B | 1.10B | 1.12B | 1.12B | 1.16B |
| EBITDA | 405.40M | 565.10M | 330.00M | 467.10M | -25.50M | 434.50M |
| Net Income | 81.50M | 239.00M | 38.10M | 140.50M | -231.50M | 160.90M |
Balance Sheet | ||||||
| Total Assets | 4.47B | 4.56B | 4.34B | 4.51B | 4.57B | 5.01B |
| Cash, Cash Equivalents and Short-Term Investments | 173.40M | 236.20M | 216.90M | 223.30M | 205.30M | 238.90M |
| Total Debt | 3.43B | 3.53B | 3.31B | 3.45B | 3.62B | 3.57B |
| Total Liabilities | 4.26B | 4.39B | 4.21B | 4.30B | 4.44B | 4.65B |
| Stockholders Equity | 203.20M | 169.90M | 135.80M | 210.70M | 130.60M | 355.70M |
Cash Flow | ||||||
| Free Cash Flow | 150.60M | 63.20M | 331.70M | 338.40M | -91.50M | 114.80M |
| Operating Cash Flow | 217.50M | 147.10M | 429.60M | 395.20M | 1.00M | 179.70M |
| Investing Cash Flow | -67.30M | -98.20M | -114.00M | -56.10M | -90.90M | -126.40M |
| Financing Cash Flow | -146.80M | -29.10M | -300.30M | -309.40M | 79.10M | -1.07B |
Energizer Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENR, the sentiment is Positive. The current price of 23.15 is above the 20-day moving average (MA) of 22.10, above the 50-day MA of 21.68, and above the 200-day MA of 20.02, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 59.65 is Neutral, neither overbought nor oversold. The STOCH value of 67.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ENR.
Energizer Holdings Risk Analysis
Energizer Holdings disclosed 37 risk factors in its most recent earnings report. Energizer Holdings reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
1 New RiskEnergizer Holdings Peers Comparison
Overall Rating
ENS73Outperform- ENR64Neutral
ULBI57Neutral
CBAT48Neutral
ENVX48Neutral
DFLI40Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ENS | 73Outperform | $5.77B | 16.75 | 18.48% | 0.67% | 3.73% | 7.60% |
| ENR | 64Neutral | $1.59B | 19.45 | 47.41% | 5.18% | 2.17% | -66.19% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| ULBI | 57Neutral | $260.28M | -39.01 | -4.95% | ― | 4.69% | -304.68% |
| CBAT | 48Neutral | $98.40M | -5.91 | -14.94% | ― | 50.51% | -4669.05% |
| ENVX | 48Neutral | $691.26M | -3.94 | -66.93% | ― | 34.88% | -18.59% |
| DFLI | 40Underperform | $3.56M | -0.01 | -1565.55% | ― | -4.85% | 53.62% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| ENR | Energizer Holdings | 23.15 | 1.30 | 5.95% | |
| CBAT | Cbak Energy Tech | 1.11 | 0.19 | 20.65% | |
| ENS | EnerSys | 159.95 | 35.10 | 28.12% | |
| ULBI | Ultralife | 15.62 | 8.67 | 124.75% | |
| ENVX | Enovix Corporation | 3.15 | -9.06 | -74.20% | |
| DFLI | Dragonfly Energy Holdings Corp | 1.90 | -86.90 | -97.86% |
Energizer Holdings Corporate Events
Energizer Holdings Posts Modest Q3 Growth Amid Margin Pressure
NegativeEnergizer Holdings reported its fiscal 2026 third-quarter results on August 4, 2026, for the period ended June 30, 2026, posting net sales of $734.1 million, up 1.2% year on year and reflecting 2.7% organic growth. Earnings per share were $0.58, with...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 04, 2026