Battery equalizers are widely used in multibattery systems to maintain balanced charge among individual battery cells. While the research on the hardware realization of battery equalizers has received significant attention, rigorous analysis of the battery equalization process at the system level remains largely unexplored. In this paper, we study three types of battery equalization system structures: series-based, layer-based, and module-based. Specifically, we derive mathematical models that describe the system-level behavior of the battery equalization processes under these equalization structures. Then, based on the mathematical models, analytical methods are developed to evaluate the performance of the equalization processes. In addition, we carry out statistical analysis to compare the performance of the three equalization structures considered.