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How Energizer Holdings (ENR) makes money

Energizer Holdings (ENR) made $734M of revenue in the third quarter fiscal 2026 (Q3 FY26), +1% from a year earlier. Batteries brought in $506M (69%); Auto Care brought in $210M (29%); Lights brought in $17.9M (2%). Of every dollar of revenue, 38¢ was left as gross profit, 7¢ was left as operating profit, 5¢ was left as net earnings.

Drawing the Sankey…

Energizer Holdings revenue by segment, Q3 FY26Energizer Holdings revenue by segment, Q3 FY26Batteries$506MAuto Care$210MLights$17.9M
Energizer Holdings: revenue by line, Q2 FY25 to Q3 FY26Energizer Holdings: revenue by line, Q2 FY25 to Q3 FY26BatteriesAuto CareLightsBatteries: $506M latest$506MAuto Care: $210M latest$210MLights: $17.9M latestQ2 FY25Q3 FY25Q1 FY26Q2 FY26Q3 FY26
Auto Care went from 26% of revenue in Q2 FY25 to 29% in Q3 FY26, the largest shift in the mix.
Energizer Holdings revenue by quarterEnergizer Holdings revenue by quarter$806MQ4 FY24$663MQ2 FY25$725MQ3 FY25$833MQ4 FY25$779MQ1 FY26$643MQ2 FY26$734MQ3 FY26
Energizer Holdings: where each dollar of revenue goesEnergizer Holdings: where each dollar of revenue goesCost of revenue62¢Gross profit38¢Operating expenses31¢Operating profit7¢Income tax1¢Net earnings5¢Operating cash flow1¢

Revenue by segment, Q3 FY26

SegmentRevenueShareQ/QY/Y
Batteries$506M69.0%+11%-2%
Auto Care$210M28.6%+23%+10%
Lights$17.9M2.4%+2%-7%

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$734M100.0%
Cost of revenue$454M61.8%
Gross profit$281M38.2%
Operating expenses$231M31.4%
Operating profit$49.8M6.8%
Income tax$9.9M1.3%
Net earnings$39.9M5.4%
Operating cash flow$8.2M1.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$734M+1%
Q2 FY26$643M-3%
Q1 FY26$779M+6%
Q4 FY25$833M+3%
Q3 FY25$725M+3%
Q2 FY25$663M-0.1%
Q4 FY24$806M-0.7%

From Energizer Holdings' 10-Q filed Aug 4, 2026 (on EDGAR).

Questions

How does Energizer Holdings make money?

Energizer Holdings (ENR) made $734M of revenue in the third quarter fiscal 2026 (Q3 FY26), +1% from a year earlier. Batteries brought in $506M (69%); Auto Care brought in $210M (29%); Lights brought in $17.9M (2%). Of every dollar of revenue, 38¢ was left as gross profit, 7¢ was left as operating profit, 5¢ was left as net earnings.

What is Energizer Holdings' biggest business?

Batteries: $506M in the third quarter fiscal 2026, 69% of revenue, -2% from a year earlier.

What is Energizer Holdings' profit margin?

Net earnings were $39.9M, 5.4% of revenue, in the third quarter fiscal 2026; the operating margin was 6.8%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.