ENR vs. LMT
ENR (Energizer Holdings, Inc.) and LMT (Lockheed Martin Corporation) are both stocks. Both are in the Industrials sector — ENR in Electrical Equipment & Parts, LMT in Aerospace & Defense. Over the past 10 years, ENR returned -4.85%/yr vs 10.59%/yr for LMT. At a 0.23 correlation, their price movements are largely independent.
Performance
ENR vs. LMT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ENR achieves a 12.05% return, which is significantly higher than LMT's 5.37% return. Over the past 10 years, ENR has underperformed LMT with an annualized return of -4.85%, while LMT has yielded a comparatively higher 10.59% annualized return.
ENR
- 1D
- 2.37%
- 1M
- 18.76%
- YTD
- 12.05%
- 6M
- 11.83%
- 1Y
- 12.78%
- 3Y*
- -8.29%
- 5Y*
- -8.98%
- 10Y*
- -4.85%
LMT
- 1D
- 2.04%
- 1M
- -4.93%
- YTD
- 5.37%
- 6M
- 5.61%
- 1Y
- 9.48%
- 3Y*
- 5.92%
- 5Y*
- 8.82%
- 10Y*
- 10.59%
ENR vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENR Energizer Holdings, Inc. | 12.05% | -40.09% | 14.36% | -2.18% | -13.19% | -2.22% | -13.75% | 14.30% | -3.85% | 10.10% |
LMT Lockheed Martin Corporation | 5.37% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between ENR and LMT is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2000 | 0.23 |
Over the past year, the correlation between ENR and LMT has dropped to 0.02 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.
Fundamentals
ENR:
$1.49B
LMT:
$116.40B
ENR:
$2.80
LMT:
$20.61
ENR:
7.72
LMT:
24.43
ENR:
0.51
LMT:
1.56
ENR:
8.61
LMT:
15.54
ENR:
$2.98B
LMT:
$75.12B
ENR:
$1.21B
LMT:
$7.37B
ENR:
$559.80M
LMT:
$8.09B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ENR vs. LMT — Risk / Return Rank
ENR
LMT
ENR vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Energizer Holdings, Inc. (ENR) and Lockheed Martin Corporation (LMT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ENR | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.36 | -0.06 |
| Martin ratioReturn relative to average drawdown | 0.48 | 0.86 | -0.38 |
Loading charts...
Drawdowns
ENR vs. LMT - Drawdown Comparison
The maximum ENR drawdown since its inception was -84.00%, which is greater than LMT's maximum drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for ENR and LMT.
Loading charts...
Drawdown Indicators
| ENR | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.00% | -79.29% | -4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -43.62% | -26.58% | -17.04% |
Max Drawdown (3Y)Largest decline over 3 years | -56.12% | -31.79% | -24.33% |
Max Drawdown (5Y)Largest decline over 5 years | -56.12% | -31.79% | -24.33% |
Max Drawdown (10Y)Largest decline over 10 years | -67.46% | -36.67% | -30.79% |
Current DrawdownCurrent decline from peak | -78.32% | -25.08% | -53.24% |
Average DrawdownAverage peak-to-trough decline | -40.90% | -26.83% | -14.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.56% | 11.05% | +15.51% |
Volatility
ENR vs. LMT - Volatility Comparison
Energizer Holdings, Inc. (ENR) has a higher volatility of 10.67% compared to Lockheed Martin Corporation (LMT) at 9.07%. This indicates that ENR's price experiences larger fluctuations and is considered to be riskier than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ENR | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.67% | 9.07% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 31.61% | 20.81% | +10.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.05% | 26.50% | +26.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.64% | 23.14% | +12.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.58% | 23.85% | +12.73% |
Dividends
ENR vs. LMT - Dividend Comparison
ENR's dividend yield for the trailing twelve months is around 5.56%, more than LMT's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENR Energizer Holdings, Inc. | 5.56% | 6.03% | 3.44% | 3.79% | 3.58% | 2.99% | 2.84% | 2.39% | 2.59% | 2.32% | 2.30% | 2.94% |
LMT Lockheed Martin Corporation | 2.71% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Financials
ENR vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Energizer Holdings, Inc. and Lockheed Martin Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ENR vs. LMT - Profitability Comparison
ENR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Energizer Holdings, Inc. reported a gross profit of 258.80M and revenue of 643.30M. Therefore, the gross margin over that period was 40.2%.
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a gross profit of 2.08B and revenue of 18.02B. Therefore, the gross margin over that period was 11.5%.
ENR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Energizer Holdings, Inc. reported an operating income of 118.10M and revenue of 643.30M, resulting in an operating margin of 18.4%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported an operating income of 2.06B and revenue of 18.02B, resulting in an operating margin of 11.5%.
ENR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Energizer Holdings, Inc. reported a net income of 10.10M and revenue of 643.30M, resulting in a net margin of 1.6%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a net income of 1.49B and revenue of 18.02B, resulting in a net margin of 8.3%.
Frequently Asked Questions
ENR and LMT have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENR has higher volatility (10.67%) compared to LMT (9.07%). In terms of maximum drawdown, ENR dropped -84.00% vs LMT's -79.29%.
LMT currently has the higher Sharpe Ratio (0.36 vs 0.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ENR and LMT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer