Energizer (ENR) financial statements
Energizer reported revenue of $3.0B in fiscal 2025, up 6.8% a year over 9 years.
Net income was $239M.
Free cash flow was $63M, and the company returned $87M in dividends and $90M in net buybacks.
The diluted share count rose 15% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Energizer's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.8B | $1.8B | $2.5B | $2.7B | $3.0B | $3.1B | $3.0B | $2.9B | $3.0B |
| Cost of revenue | $922M | $944M | $967M | $1.5B | $1.7B | $1.9B | $1.9B | $1.8B | $1.8B | $1.7B |
| Gross profit | $712M | $811M | $831M | $1.0B | $1.1B | $1.2B | $1.1B | $1.1B | $1.1B | $1.2B |
| Research and development | $27M | $22M | $22M | $33M | $35M | $34M | $35M | $33M | $32M | $33M |
| Selling, general and admin | $361M | $361M | $422M | $516M | $483M | $487M | $484M | $489M | $526M | $532M |
| Interest expense | $54M | $53M | $98M | $226M | $195M | $162M | $158M | $169M | $156M | $154M |
| Pre-tax income | $166M | $273M | $175M | $73M | $68M | $154M | -$306M | $176M | $54M | $284M |
| Income tax | $38M | $72M | $82M | $8M | $21M | -$7M | -$74M | $35M | $16M | $45M |
| Net income | $128M | $202M | $94M | $51M | -$93M | $161M | -$232M | $140M | $38M | $239M |
| EPS (diluted) | $2.04 | $3.22 | $1.52 | $0.58 | -$1.58 | $2.11 | -$3.37 | $1.94 | $0.52 | $3.32 |
| Diluted shares | 62M | 63M | 61M | 67M | 70M | 69M | 70M | 72M | 73M | 72M |
| Gross margin | 43.6% | 46.2% | 46.2% | 40.2% | 39.4% | 38.4% | 36.7% | 38.0% | 38.3% | 41.7% |
| Net margin | 7.8% | 11.5% | 5.2% | 2.0% | -3.4% | 5.3% | -7.6% | 4.7% | 1.3% | 8.1% |
Balance sheet
Fiscal years, from Energizer's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $287M | $378M | $522M | $258M | $460M | $239M | $205M | $223M | $217M | $236M |
| Receivables | $191M | $230M | $230M | $340M | $292M | $293M | $422M | $512M | $441M | $404M |
| Inventory | $289M | $317M | $323M | $469M | $511M | $728M | $772M | $650M | $657M | $781M |
| Total current assets | $890M | $1.0B | $1.2B | $2.0B | $2.2B | $1.4B | $1.6B | $1.6B | $1.5B | $1.7B |
| Property, plant and equipment | $202M | $176M | $167M | $362M | $352M | $383M | $362M | $364M | $380M | $403M |
| Goodwill | $230M | $230M | $244M | $1.0B | $1.1B | $1.1B | $1.0B | $1.0B | $1.0B | $1.1B |
| Total assets | $1.7B | $1.8B | $3.2B | $5.4B | $5.7B | $5.0B | $4.6B | $4.5B | $4.3B | $4.6B |
| Total current liabilities | $533M | $582M | $751M | $1.1B | $1.6B | $946M | $698M | $734M | $820M | $795M |
| Long-term debt | $982M | $978M | $976M | $3.5B | $3.3B | $3.3B | $3.5B | $3.3B | $3.2B | $3.4B |
| Total liabilities | $1.8B | $1.7B | $3.2B | $4.9B | $5.4B | $4.7B | $4.4B | $4.3B | $4.2B | $4.4B |
| Shareholders' equity | -$30M | $85M | $24M | $544M | $309M | $356M | $131M | $211M | $136M | $170M |
| Net debt | $698M | $604M | $458M | $3.2B | $3.7B | $3.1B | $3.3B | $3.1B | $3.0B | $3.2B |
Cash flow
Fiscal years, from Energizer's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $194M | $197M | $229M | $150M | $376M | $180M | $1M | $395M | $430M | $147M |
| Capital spending | $29M | $25M | $24M | $55M | $65M | $65M | $78M | $57M | $98M | $84M |
| Free cash flow | $165M | $172M | $204M | $94M | $311M | $115M | -$77M | $338M | $332M | $63M |
| Stock-based compensation | $20M | $24M | $28M | $27M | $24M | $10M | $13M | $22M | $23M | $26M |
| Dividends paid | $63M | $69M | $70M | $83M | $85M | $84M | $85M | $86M | $87M | $87M |
| Share buybacks (net) | -$32M | -$60M | -$70M | -$45M | -$45M | -$96M | $0 | $0 | $0 | -$90M |
| Free cash flow margin | 10.1% | 9.8% | 11.4% | 3.8% | 11.3% | 3.8% | -2.5% | 11.4% | 11.5% | 2.1% |
| Dividends per share | $1.00 | $1.10 | $1.14 | $1.23 | $1.23 | $1.22 | $1.21 | $1.19 | $1.20 | $1.21 |
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Open ENR in InvestinglyQuestions
What was Energizer's revenue in 2025?
$3.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Energizer generate?
$63M in fiscal 2025 (operating cash flow minus capital spending).
From Energizer's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.