Energizer Holdings, Inc.
- Open
- 20.61
- Day high
- 20.90
- Day low
- 20.17
- Prev close
- 20.64
- Volume
- 1.1M
- Mkt cap
- $1.4B
- P/E (TTM)
- 7.3
- EPS (TTM)
- $2.77
- P/B
- 8.0
- P/S
- 0.5
- Yield
- 5.93%
- Per share
- $1.20
- ▲Insiders net buying $5.1M over the last 3 months (11 open-market buys, 0 sales)
- 🏛Institutions mixed (13F)
Energizer Holdings, Inc. (ENR) is a Industrials company listed on NYSE. The stock is down 12% over the past year. Over the trailing 3 months, insiders filed 11 open-market buys and 0 sales (SEC Form 4).
Energizer Holdings, Inc. (ENR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ENR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $0.47 | $0.94 | +100.0% | $643M | -2.8% |
| Feb 5, 2026 | $0.26 | $0.31 | +19.2% | $779M | +11.7% |
| Nov 18, 2025 | $1.12 | $1.05 | -6.3% | $833M | +0.4% |
| Feb 4, 2025 | $0.64 | $0.67 | +4.7% | $732M | +9.1% |
| Nov 19, 2024 | $1.17 | $1.22 | +4.3% | $806M | +0.0% |
| Feb 6, 2024 | $0.57 | $0.59 | +3.5% | $717M | +0.8% |
| Nov 14, 2023 | $1.14 | $1.20 | +5.3% | $811M | +1.9% |
| Nov 15, 2022 | $0.76 | $0.82 | +7.9% | $790M | +2.0% |
| Feb 7, 2022 | $0.95 | $1.03 | +8.4% | $846M | +4.4% |
| Nov 10, 2021 | $0.72 | $0.79 | +9.7% | $766M | +10.8% |
| Feb 8, 2021 | $0.89 | $1.17 | +31.5% | $849M | +45.9% |
| Nov 12, 2020 | $0.80 | $0.59 | -26.3% | $763M | -21.4% |
ENR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 1, 2026 | VITALE ROBERT Vdirector | Grant | 1,399 | — |
| Jun 23, 2026 | Aqua Capital, Ltd.10 percent owner | Buy | 20,000 | $21.10 |
| Jun 22, 2026 | Aqua Capital, Ltd.10 percent owner | Buy | 10,314 | $20.22 |
| Jun 22, 2026 | Aqua Capital, Ltd.10 percent owner | Buy | 14,000 | $20.00 |
| Jun 22, 2026 | Aqua Capital, Ltd.10 percent owner | Buy | 20,000 | $21.54 |
| Jun 5, 2026 | Aqua Capital, Ltd.10 percent owner | Buy | 35,686 | $18.44 |
| Jun 2, 2026 | Aqua Capital, Ltd.10 percent owner | Buy | 38,006 | $18.21 |
| May 27, 2026 | Aqua Capital, Ltd.10 percent owner | Buy | 11,790 | $17.90 |
| May 22, 2026 | Aqua Capital, Ltd.10 percent owner | Buy | 81,609 | $16.18 |
| May 22, 2026 | Aqua Capital, Ltd.10 percent owner | Buy | 43,380 | $16.81 |
| Apr 17, 2026 | Aqua Capital, Ltd.10 percent owner | Buy | 4,200 | $18.85 |
| Apr 16, 2026 | Aqua Capital, Ltd.10 percent owner | Buy | 1,643 | $18.90 |
| Apr 10, 2026 | Aqua Capital, Ltd.10 percent owner | Buy | 14,372 | $17.47 |
| Apr 2, 2026 | VITALE ROBERT Vdirector | Grant | 1,827 | — |
| Feb 3, 2026 | Steele Delaneydirector | Grant | 6,316 | — |
Source: ENR SEC Form 4 filings, latest Jul 1, 2026. For informational purposes only — not investment advice.
See the full ENR insider & 13F page →Energizer Holdings, Inc. company profile
Overview
Energizer Holdings, Inc. (NYSE:ENR) is a global manufacturer and distributor of household batteries, specialty batteries, lighting products, and automotive care products. Founded through a spinoff from Edgewell Personal Care in 2015, the company has its roots tracing back to the original Energizer battery brand that became synonymous with long-lasting power. Headquartered in Saint Louis, Missouri, Energizer operates worldwide through two primary business segments and has established itself as a leading player in the consumer battery market with iconic brands including Energizer, Eveready, and Rayovac, alongside automotive care brands such as Armor All and STP.
Business
Energizer operates in two main business segments that serve distinct consumer needs. The Battery and Lights segment represents the company's core business, manufacturing and marketing a comprehensive range of battery technologies including lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries. These batteries power everyday devices from remote controls and toys to hearing aids and high-drain electronics. The segment also produces lighting products such as flashlights, headlights, lanterns, and area lights under various brand names. This segment generates approximately 75-80% of total company revenue. The Auto Care segment focuses on automotive maintenance and enhancement products, comprising roughly 20-25% of total revenue. This division includes automotive fragrance and appearance products like protectants, wipes, tire care, glass cleaners, and air fresheners under brands such as Armor All, Nu Finish, and California Scents. It also encompasses STP-branded fuel and oil additives, functional fluids, and performance chemicals, plus do-it-yourself automotive air conditioning recharge products under the A/C PRO brand. The battery industry serves as an essential consumer staple, with demand driven by the proliferation of battery-powered devices in homes and workplaces. Unlike many technology products, batteries represent a recurring purchase necessity, as they require regular replacement across millions of devices worldwide. The automotive care market similarly benefits from vehicle ownership trends and consumers' desire to maintain and protect their automotive investments.
Revenue model
Energizer generates revenue primarily through product sales to retailers and distributors who then sell to end consumers. The company employs a multi-channel distribution strategy, selling through mass merchandisers, club stores, electronics retailers, food stores, home improvement centers, dollar stores, automotive retailers, drug stores, hardware stores, e-commerce platforms, convenience stores, and various business-to-business channels. The business model benefits from several key characteristics. Battery sales provide recurring revenue as consumers must regularly replace depleted batteries, creating a steady demand stream independent of economic cycles. The company leverages strong brand recognition, particularly with the Energizer brand, to command premium pricing over generic alternatives. Auto care products similarly benefit from recurring purchase patterns as vehicle owners regularly maintain their cars. Revenue growth drivers include distribution expansion into new retail channels and geographic markets, particularly in developing economies with growing middle-class populations. The company has been investing heavily in e-commerce capabilities, which grew 15% in fiscal 2024 and represents over 20% of battery category sales. Innovation in battery technology, such as longer-lasting formulations and child-safety features, enables premium pricing. Margin pressures can arise from commodity cost fluctuations, particularly zinc, copper, nickel, and lithium used in battery production. Currency exchange rates significantly impact results given the company's global operations. Competitive dynamics, including private label competition and promotional spending requirements, can compress margins. However, the company's "in-market production" strategy, where batteries are manufactured close to consumption markets, helps mitigate both transportation costs and tariff exposure.
Competitive moat
Energizer possesses a moderate but meaningful competitive moat built primarily around brand recognition and distribution relationships. The Energizer brand enjoys strong consumer awareness and trust, particularly in North America, where consumers often associate the brand with reliability and longevity. This brand equity allows the company to command premium pricing over generic alternatives and maintain market share despite private label competition. The company's extensive distribution network represents another defensive characteristic. Energizer has established relationships with major retailers across multiple channels, and its products occupy valuable shelf space in high-traffic locations. The logistics and supply chain infrastructure required to serve this broad distribution network creates barriers for new entrants. However, the moat faces several challenges. Battery technology is relatively mature, limiting opportunities for significant product differentiation. Private label manufacturers can produce functionally similar products at lower costs, pressuring market share and pricing power. The essential nature of batteries means retailers have strong negotiating leverage and can demand promotional support or threaten to expand private label offerings. Additionally, the shift toward rechargeable devices and longer-lasting electronics could gradually reduce overall battery consumption over time. While Energizer has diversified into rechargeable batteries and other product categories, these trends represent long-term headwinds to the core business model. The auto care segment faces similar competitive pressures with numerous established brands and private label alternatives competing for shelf space and consumer preference.
Risks & safety
Energizer presents moderate financial risk with concerning leverage levels but improving cash generation trends. • **Debt and Solvency**: Total debt-to-equity ratio of 24.3x indicates extremely high leverage, with total liabilities of $4.1 billion against equity of only $134 million. However, the company has been actively reducing debt, paying down $200 million in fiscal 2024 and targeting continued reduction of $150-200 million annually. • **Cash Flow**: Free cash flow improved significantly to $332 million in fiscal 2024 from negative $92 million in fiscal 2022. Current cash position of $139 million provides limited cushion, but strong operating cash flow generation supports debt service requirements. • **Valuation Metrics**: Trading at 19.1x P/E ratio and 12.5x EV/EBITDA, representing reasonable valuations for a consumer staples company. Price-to-book ratio of 16.1x appears elevated but reflects the asset-light nature of brand-based businesses. • **Other Considerations**: Current ratio of 1.86x indicates adequate short-term liquidity. The company's essential product categories provide defensive characteristics during economic downturns, supporting cash flow stability.
Recent development
Over the past several years, Energizer has focused on operational efficiency and debt reduction following a period of challenging financial performance. The company launched "Project Momentum" in 2022, a comprehensive cost-saving initiative that has delivered nearly $120 million in savings through operational efficiencies, procurement optimization, and SG&A reduction. Strategic growth initiatives center around five key areas: distribution expansion, pricing and revenue management, market expansion into developing economies, innovation, and digital commerce acceleration. The company has successfully expanded distribution relationships globally, contributing approximately 200 basis points of growth annually. E-commerce investments have yielded strong results, with online sales growing 15% in fiscal 2024 and now representing over 20% of battery category sales. Innovation efforts have produced notable new products including the world's first three-in-one coin lithium Child Shield battery and a transition to plastic-free packaging in Europe and North America. In the auto care segment, Energizer launched the Armor All Podium Series in partnership with Oracle Red Bull Racing, expanding distribution to over 15,000 retail locations globally. The company has also implemented a "in-market production" strategy to reduce supply chain risks and tariff exposure, with less than 5% of consolidated cost of goods sourced from China for U.S. consumption. Management expects to further reduce this exposure to 2-3% through ongoing sourcing shifts. International expansion efforts have shown particular strength in markets like Brazil and Mexico, with international auto care growing 19% in recent quarters.
ENR company profile · for informational purposes only — not investment advice.
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