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Energizer Holdings (Energizer Holdings) Gross Margin %

: 37.26% (As of Dec. 2023)
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Gross Margin % is calculated as gross profit divided by its revenue. Energizer Holdings's Gross Profit for the three months ended in Dec. 2023 was $267 Mil. Energizer Holdings's Revenue for the three months ended in Dec. 2023 was $717 Mil. Therefore, Energizer Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 37.26%.

Warning Sign:

Energizer Holdings Inc gross margin has been in long-term decline. The average rate of decline per year is -3.6%.


The historical rank and industry rank for Energizer Holdings's Gross Margin % or its related term are showing as below:

ENR' s Gross Margin % Range Over the Past 10 Years
Min: 36.7   Med: 41.92   Max: 46.35
Current: 37.53


During the past 12 years, the highest Gross Margin % of Energizer Holdings was 46.35%. The lowest was 36.70%. And the median was 41.92%.

ENR's Gross Margin % is ranked better than
76.25% of 2935 companies
in the Industrial Products industry
Industry Median: 26.44 vs ENR: 37.53

Energizer Holdings had a gross margin of 37.26% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Energizer Holdings was -3.60% per year.


Energizer Holdings Gross Margin % Historical Data

The historical data trend for Energizer Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Energizer Holdings Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.24 39.42 38.44 36.70 37.98

Energizer Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.99 37.03 37.90 37.89 37.26

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Energizer Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Energizer Holdings Gross Margin % Distribution

For the Industrial Products industry and Industrials sector, Energizer Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Energizer Holdings's Gross Margin % falls into.



Energizer Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Energizer Holdings's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )=Gross Profit (A: Sep. 2023 ) / Revenue (A: Sep. 2023 )
=1124 / 2959.7
=(Revenue - Cost of Goods Sold) / Revenue
=(2959.7 - 1835.7) / 2959.7
=37.98 %

Energizer Holdings's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=267 / 716.6
=(Revenue - Cost of Goods Sold) / Revenue
=(716.6 - 449.6) / 716.6
=37.26 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Energizer Holdings  (NYSE:ENR) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Energizer Holdings had a gross margin of 37.26% for the quarter that ended in Dec. 2023 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Energizer Holdings Gross Margin % Related Terms

Thank you for viewing the detailed overview of Energizer Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Energizer Holdings (Energizer Holdings) Business Description

Traded in Other Exchanges
N/A
Address
533 Maryville University Drive, Saint Louis, MO, USA, 63141
Energizer Holdings Inc makes and distributes household batteries, specialty batteries, and lighting products. Energizer offers batteries using lithium, alkaline, carbon-zinc, nickel-metal hydride, zinc-air, and silver oxide technologies. These products are sold under the Energizer, Rayovac, Varta and Eveready brands at performance and premium price segments. It also offers auto care products in the appearance, fragrance, performance, and air conditioning recharge product categories. The company operates in two geographical segments: Americas and International, of which the majority of its revenue is derived from the Americas segment.
Executives
Robin Vauth officer: EVP, International 533 MARYVILLE UNIVERSITY DRIVE, ST. LOUIS MO 63141
Mark Stephen Lavigne officer: EXECUTIVE VP, COO 533 MARYVILLE UNIVERSITY DRIVE, ST. LOUIS MO 63141
Bill G Armstrong director P O BOX 618, SAINT LOUIS MO 63101
Michael A Lampman officer: EVP, NA & Global Bus. Units 533 MARYVILLE UNIVERSITY DRIVE, SAINT LOUIS MO 63141
Sara B. Hampton officer: VP, Cont. & Chief Acct. Off. 533 MARYVILLE UNIVERSITY DR., SAINT LOUIS MO 63141
Timothy W Gorman officer: VP, Controller & PAO 1475 E. WOODFIELD ROAD, SCHAUMBURG IL 60173
Donal L Mulligan director ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Robert V Vitale director C/O POST HOLDINGS, INC., 2503 SOUTH HANLEY ROAD, ST. LOUIS MO 63144
John J Drabik officer: SVP, Corporate Controller 533 MARYVILLE UNIVERSITY DRIVE, SAINT LOUIS MO 63141
Rebecca Frankiewicz director 100 MANPOWER PLACE, MILWAUKEE WI 53212
Carlos Abrams-rivera director THE KRAFT HEINZ COMPANY, 200 E. RANDOLPH STREET SUITE 7600, CHICAGO IL 60601
Hannah K Kim officer: CLO & Corp. Secretary 533 MARYVILLE UNIVERSITY DRIVE, SAINT LOUIS MO 63141
John Eddy Klein director ONE PINE VALLEY DRIVE, ST. LOUIS MO 63124
Emily K Boss officer: VP, General Counsel ENERGIZER, 533 MARYVILLE UNIVERSITY DRIVE, SAINT LOUIS MO 63141
Susan K Drath officer: VP, Chief HR Officer 533 MARYVILLE UNIVERSITY DRIVE, SAINT LOUIS MO 63141