CELH
Celsius Holdings, Inc.
CELH has the edge over CHEF overall, supported by stronger fundamentals and stronger valuation.
CHEF
The Chefs' Warehouse, Inc.
CHEF has lower modeled downside risk, despite its lower overall score.
CELH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Strong |
CELH's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
CHEF Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Stable |
CHEF's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
CELH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 21x | $31.89 | — |
| Current | 35x | $31.89 | — |
| Cheap | 40x | $35.95 | +13% |
| Fair | 141x | $127 | +299% |
| Expensive | 650x | $585 | +1735% |
Historical ranges are pointers, not guarantees.
CELH has the edge over CHEF in the historical PE scenario, which offers more potential upside but is not a forecast.
CHEF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 37x | $106 | — |
| Cheap | 38x | $87.57 | -17% |
| Fair | 43x | $100 | -5.6% |
| Current | 46x | $106 | — |
| Expensive | 52x | $121 | +14% |
Historical ranges are pointers, not guarantees.
CHEF's PE is in its fair range at 46x. If earnings grow as analysts expect, today's price would be 37x next year's earnings, in its cheap range.
CELH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for CELH, with profitability improving. However, they disagree widely on these estimates.
CHEF Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CHEF, with profitability improving.
CELH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.53 | +70% |
| Q3 2026 | $0.90 | +718% |
| Q2 2026 | $0.24 | -37% |
| Q1 2026 | $0.43 | +30% |
| Q4 2025 | $0.25 | -44% |
| Q3 2025 | $0.11 | -85% |
| Q2 2025 | $0.38 | -62% |
| Q1 2025 | $0.33 | -64% |
| Q4 2024 | $0.45 | -42% |
CELH earned $0.90 per share over the past year, about eight times what it earned the year before.
CHEF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.86 | +23% |
| Q3 2026 | $2.33 | +34% |
| Q2 2026 | $2.10 | +28% |
| Q1 2026 | $1.83 | +20% |
| Q4 2025 | $1.68 | +27% |
| Q3 2025 | $1.74 | +50% |
| Q2 2025 | $1.64 | +62% |
| Q1 2025 | $1.52 | +71% |
| Q4 2024 | $1.32 | +50% |
CHEF has the edge over CELH on earnings, with more consistent year-over-year improvement.
CELH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $847.2M | +17% |
| Q2 2026 | $817.9M | +11% |
| Q1 2026 | $782.6M | +138% |
| Q4 2025 | $721.6M | +117% |
| Q3 2025 | $725.1M | +173% |
| Q2 2025 | $739.3M | +84% |
| Q1 2025 | $329.3M | -7.4% |
| Q4 2024 | $332.2M | -4.4% |
CELH's revenue has grown year over year for six quarters in a row: $847M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +31 points |
| Q2 2026 | 9.2% | -10 points |
| Q1 2026 | 18% | +2 points |
| Q4 2025 | 3.6% | +9.2 points |
| Q3 2025 | -11% | -9.8 points |
| Q2 2025 | 19% | -4.1 points |
| Q1 2025 | 16% | -7.6 points |
| Q4 2024 | -5.6% | -23 points |
CELH has the edge over CHEF on profitability, with a higher operating margin.
CHEF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +11% |
| Q2 2026 | $1.2B | +13% |
| Q1 2026 | $1.1B | +11% |
| Q4 2025 | $1.1B | +11% |
| Q3 2025 | $1B | +9.6% |
| Q2 2025 | $1B | +8.4% |
| Q1 2025 | $950.7M | +8.7% |
| Q4 2024 | $1B | +8.7% |
CHEF's revenue has grown year over year for 22 quarters in a row: $1.1B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.5% | +0.7 points |
| Q2 2026 | 5% | +1.1 points |
| Q1 2026 | 3.1% | +0.7 points |
| Q4 2025 | 3.8% | -0.7 points |
| Q3 2025 | 3.8% | +0.4 points |
| Q2 2025 | 3.9% | +0.3 points |
| Q1 2025 | 2.4% | +0.6 points |
| Q4 2024 | 4.5% | +0.5 points |
CHEF's operating margin was 4.5% last quarter, up 0.7 points from the same quarter a year ago, near the top of its range since 2019.
CELH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $127.7M | -60% |
| Q2 2026 | $205.5M | +479% |
| Q1 2026 | $65.8M | -32% |
| Q4 2025 | -$130M | -285% |
| Q3 2025 | $321.5M | +3599% |
| Q2 2025 | $35.5M | +17% |
| Q1 2025 | $96.4M | -26% |
| Q4 2024 | $70.3M | +16394% |
CELH still generates free cash flow, though less than at its 2025 peak: $269M over the past year.
CHEF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $36M | +$55.7M |
| Q2 2026 | $49.2M | +987% |
| Q1 2026 | $30.6M | -18% |
| Q4 2025 | $65.8M | +1.8% |
| Q3 2025 | -$19.7M | -267% |
| Q2 2025 | $4.5M | -66% |
| Q1 2025 | $37.2M | +169% |
| Q4 2024 | $64.6M | +235% |
CHEF has the edge over CELH on cash flow, with more consistent year-over-year improvement.
CELH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -2M shares |
| 1 year | -1.1% | -2.9M shares |
| 3 years | +7.4% | +17.6M shares |
| 5 years | +8.3% | +19.5M shares |
| Available history | +32% | +62.4M shares |
CELH has the edge over CHEF on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $300,000 |
| Q2 2026 | $1M |
| Q1 2026 | $8.8M |
| Q4 2025 | $2.5M |
| Q3 2025 | $448,000 |
| Q2 2025 | $879,000 |
| Q1 2025 | $1.9M |
| Q4 2024 | $603,000 |
CELH spent $13M buying back its own shares over the past year, about three times what it spent the year before.
CHEF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +113K shares |
| 1 year | +0.8% | +362K shares |
| 3 years | +1% | +445K shares |
| 5 years | +24% | +9.1M shares |
| Available history | +53% | +16.1M shares |
CHEF has 46M diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $10M |
| Q4 2025 | $1,000 |
| Q3 2025 | $5M |
| Q2 2025 | $10M |
| Q1 2025 | — |
| Q4 2024 | $7.4M |
CHEF spent $10M buying back its own shares over the past year, down 55% from the year before.
CELH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.5x | Very low |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | -7.3x | Net Cash |
| Q4 2024 | -5.5x | Net Cash |
CELH has the edge over CHEF on leverage, with a lower net debt burden relative to earnings.
CHEF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 3.0x | Moderate |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.3x | Elevated |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | 3.5x | Elevated |
CHEF's net debt is about 2.3 years of its operating earnings (EBITDA), down from 3.4 years a year ago.
CELH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.3 | Neutral |
| Stochastic | 56.8 | Neutral |
CELH's weekly RSI is 51 (neutral) and its Stochastic is 57 (neutral).
CHEF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.9 | Neutral |
| Stochastic | 42.8 | Neutral |
CHEF's weekly RSI is 57 (neutral) and its Stochastic is 43 (neutral).
CELH PE vs Consumer Defensive Sector
| Metric | CELH | Sector median | Relative |
|---|---|---|---|
| PE | 35x | 19x | 82% above |
| PE % | 11 | 18 | 7 pts below |
CELH has the edge over CHEF on valuation relative to its sector.
CHEF PE vs Consumer Defensive Sector
| Metric | CHEF | Sector median | Relative |
|---|---|---|---|
| PE | 46x | 19x | 134% above |
| PE % | 64 | 18 | 46 pts above |
CHEF is trading at 46x earnings, a 134% premium to the Consumer Defensive sector's median of 19x.
CELH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.1 | 9.4% above |
| 20 week MA | $29.6 | 7.8% above |
| 50 week MA | $36.1 | 12% below |
| 100 week MA | $38.8 | 18% below |
| 200 week MA | $44.6 | 29% below |
CELH has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 29% below its 200-week average.
CHEF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $109.3 | 3% below |
| 20 week MA | $107.7 | 1.5% below |
| 50 week MA | $85.0 | 25% above |
| 100 week MA | $72.0 | 47% above |
| 200 week MA | $53.3 | 99% above |
CHEF has the edge over CELH on trend strength, trading above more of its moving averages.
CELH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.58 | $14.7 | +832% |
| 2021 | $14.7 | $24.9 | +69% |
| 2022 | $24.9 | $35.6 | +43% |
| 2023 | $35.6 | $54.5 | +53% |
| 2024 | $54.5 | $26.5 | -51% |
| 2025 | $26.5 | $45.6 | +72% |
| 2026 YTD | $45.6 | $31.9 | -30% |
CELH's yearly returns have swung widely, from +832% in 2020 to −51% in 2024. It's down 30% so far in 2026.
CHEF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $38.0 | $23.9 | -37% |
| 2021 | $23.9 | $32.6 | +36% |
| 2022 | $32.6 | $34.3 | +5.4% |
| 2023 | $34.3 | $29.4 | -14% |
| 2024 | $29.4 | $48.7 | +65% |
| 2025 | $48.7 | $63.5 | +31% |
| 2026 YTD | $63.5 | $106.1 | +67% |
CHEF has the edge over CELH on returns for 2026, with the stronger performance.