Church & Dwight vs Energizer
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The short version
- Church & Dwight is the larger business, with $6.2B of revenue in fiscal 2025 against $3.0B for Energizer, about 2.1 times as much.
- Energizer grew revenue faster (2.3%, against 1.6%).
- Church & Dwight turned more of its sales into free cash flow (17.6% FCF margin, against 2.1%).
- Church & Dwight earned a higher return on the capital invested in it (14.6%, against 11.1%).
| Latest fiscal year | CHD · FY25 | ENR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $25.1B | $1.6B |
| Revenue | $6.2B | $3.0B |
| Free cash flow | $1.1B | $63.2M |
| Net income | $737M | $239M |
| Growth | ||
| Revenue growth | 1.6% | 2.3% |
| 5-year growth | 4.9% | 1.5% |
| Share count change | −1.1% | −1.0% |
| Profitability | ||
| Gross margin | 44.7% | 41.8% |
| Operating margin | 17.4% | — |
| Net margin | 11.9% | 8.1% |
| FCF margin | 17.6% | 2.1% |
| Return on capital | 14.6% | 11.1% |
| Return on equity | 17.6% | — |
| Balance sheet | ||
| Net debt | $1.8B | $3.3B |
| Net debt / EBITDA | 1.4x | 5.8x |
| Dividends and buybacks | $1.2B | $177M |
| Valuation & quality | ||
| P/E | 33.7x | — |
| Piotroski F-score | 6 | 7 |
Revenue
FY16
CHD $3.5B
ENR $1.6B
FY17
CHD $3.8B
ENR $1.8B
FY18
CHD $4.1B
ENR $1.8B
FY19
CHD $4.4B
ENR $2.5B
FY20
CHD $4.9B
ENR $2.7B
FY21
CHD $5.2B
ENR $3.0B
FY22
CHD $5.4B
ENR $3.1B
FY23
CHD $5.9B
ENR $3.0B
FY24
CHD $6.1B
ENR $2.9B
FY25
CHD $6.2B
ENR $3.0B
CHD
ENR
Operating margin
FY16
CHD 20.7%
ENR —
FY17
CHD 19.4%
ENR —
FY18
CHD 19.1%
ENR —
FY19
CHD 19.3%
ENR —
FY20
CHD 21.0%
ENR —
FY21
CHD 20.8%
ENR —
FY22
CHD 11.1%
ENR —
FY23
CHD 18.0%
ENR —
FY24
CHD 13.2%
ENR —
FY25
CHD 17.4%
ENR —
CHD
ENR
Free cash flow
FY16
CHD $606M
ENR $165M
FY17
CHD $637M
ENR $172M
FY18
CHD $703M
ENR $205M
FY19
CHD $791M
ENR $94.4M
FY20
CHD $891M
ENR $311M
FY21
CHD $875M
ENR $115M
FY22
CHD $706M
ENR −$76.8M
FY23
CHD $807M
ENR $338M
FY24
CHD $976M
ENR $332M
FY25
CHD $1.1B
ENR $63.2M
CHD
ENR
Return on capital
FY16
CHD 16.7%
ENR 30.4%
FY17
CHD 20.3%
ENR 34.9%
FY18
CHD 14.6%
ENR 24.6%
FY19
CHD 15.2%
ENR 12.2%
FY20
CHD 17.4%
ENR 4.6%
FY21
CHD 16.4%
ENR 8.3%
FY22
CHD 8.3%
ENR −3.3%
FY23
CHD 14.0%
ENR 8.0%
FY24
CHD 10.9%
ENR 4.5%
FY25
CHD 14.6%
ENR 11.1%
CHD
ENR
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.