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Spectrum Brands Holdings vs Energizer Holdings: SPB and ENR compared
Spectrum Brands Holdings is the larger company: $753M of revenue in its latest quarter (Q3 FY26) against $734M for Energizer Holdings (Q3 FY26). Spectrum Brands Holdings is growing faster (+8% against +1% a year earlier). Energizer Holdings is more profitable, with an operating margin of 6.8% against 2.1%.
Where the money goes: SPB and ENR
Spectrum Brands Holdings (SPB) · Q3 FY26
Spectrum Brands Holdings, Q3 FY26: revenue $753M (+8% year over year), operating margin 2.1%, net loss $21.5M, operating cash flow $83.3M. The chart follows the revenue to costs, profit and cash.
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.
| Spectrum Brands Holdings (SPB) | Energizer Holdings (ENR) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 FY26 |
| Revenue | $753M | $734M |
| Revenue growth, Y/Y | +8% | +1% |
| Gross margin | — | 38.2% |
| Operating margin | 2.1% | 6.8% |
| Net earnings | −$21.5M | $39.9M |
| Net margin | -2.9% | 5.4% |
| Operating cash flow | $83.3M | $8.2M |
| Free cash flow | $73.5M | — |
| Market value | $2.0B | $1.6B |
| P/E | 23.6× | 20.2× |
| Analysts’ mean target | $98.75 | $22.00 |
Where the revenue comes from
Spectrum Brands Holdings
- Product sales: $748M (99%)
- Licensing: $4.7M (1%)
- Service and other: $1.0M (0%)
Energizer Holdings
- Batteries: $506M (69%)
- Auto Care: $210M (29%)
- Lights: $17.9M (2%)
Questions
Which is bigger, Spectrum Brands Holdings or Energizer Holdings?
Spectrum Brands Holdings is the larger company: $753M of revenue in its latest quarter (Q3 FY26) against $734M for Energizer Holdings (Q3 FY26).
Is Spectrum Brands Holdings or Energizer Holdings growing faster?
Spectrum Brands Holdings is growing faster (+8% against +1% a year earlier).
Which is more profitable, Spectrum Brands Holdings or Energizer Holdings?
Energizer Holdings is more profitable, with an operating margin of 6.8% against 2.1%.
More: Spectrum Brands Holdings earnings · how Spectrum Brands Holdings makes money · Energizer Holdings earnings · how Energizer Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 7, 2026; 10-Q filed Aug 4, 2026). Fiscal quarters can end on different dates. Not investment advice.