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Energizer Holdings vs Fluence Energy: ENR and FLNC compared
Energizer Holdings is the larger company: $734M of revenue in its latest quarter (Q3 FY26) against $650M for Fluence Energy (Q3 FY26). Fluence Energy is growing faster (+8% against +1% a year earlier). Energizer Holdings is more profitable, with an operating margin of 6.8% against -6.7%.
Where the money goes: ENR and FLNC
Energizer Holdings (ENR) · Q3 FY26
Energizer Holdings, Q3 FY26: revenue $734M (+1% year over year), operating margin 6.8%, net earnings $39.9M, operating cash flow $8.2M. The chart follows the revenue to costs, profit and cash.
Fluence Energy (FLNC) · Q3 FY26
Fluence Energy, Q3 FY26: revenue $650M (+8% year over year), operating margin -6.7%, net loss $44.3M, operating cash flow −$18.6M. The chart follows the revenue to costs, profit and cash.
| Energizer Holdings (ENR) | Fluence Energy (FLNC) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 FY26 |
| Revenue | $734M | $650M |
| Revenue growth, Y/Y | +1% | +8% |
| Gross margin | 38.2% | — |
| Operating margin | 6.8% | -6.7% |
| Net earnings | $39.9M | −$44.3M |
| Net margin | 5.4% | -6.8% |
| Operating cash flow | $8.2M | −$18.6M |
| Market value | $1.6B | $728M |
| P/E | 20.2× | — |
| Analysts’ mean target | $22.00 | $7.95 |
Where the revenue comes from
Energizer Holdings
- Batteries: $506M (69%)
- Auto Care: $210M (29%)
- Lights: $17.9M (2%)
Fluence Energy
- Revenue from energy storage products and solutions: $627M (97%)
- Revenue from services: $20.1M (3%)
- Revenue from digital applications and solutions: $2.5M (0%)
Questions
Which is bigger, Energizer Holdings or Fluence Energy?
Energizer Holdings is the larger company: $734M of revenue in its latest quarter (Q3 FY26) against $650M for Fluence Energy (Q3 FY26).
Is Energizer Holdings or Fluence Energy growing faster?
Fluence Energy is growing faster (+8% against +1% a year earlier).
Which is more profitable, Energizer Holdings or Fluence Energy?
Energizer Holdings is more profitable, with an operating margin of 6.8% against -6.7%.
More: Energizer Holdings earnings · how Energizer Holdings makes money · Fluence Energy earnings · how Fluence Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 4, 2026; 10-Q filed Aug 5, 2026). Fiscal quarters can end on different dates. Not investment advice.