CELH
Celsius Holdings, Inc.
CELH offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
DAR
Darling Ingredients Inc.
DAR has the edge over CELH overall, supported by stronger valuation and lower modeled downside.
CELH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Strong |
CELH's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
DAR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Unavailable | |
| Healthy |
DAR's revenue, profitability and balance sheet are currently healthy. There isn't enough data to rate its cash flow.
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's PE is in its cheap range at 35x. If earnings grow as analysts expect, today's price would be 21x next year's earnings.
DAR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 8.1x | $55.36 | — |
| Current | 11x | $55.36 | — |
| Cheap | 12x | $62.50 | +13% |
| Fair | 18x | $96.25 | +74% |
| Expensive | 41x | $217 | +292% |
Historical ranges are pointers, not guarantees.
DAR has the edge over CELH in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
DAR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for DAR, 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.
DAR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.86 | +30% |
| Q3 2026 | $5.26 | +685% |
| Q2 2026 | $3.71 | +462% |
| Q1 2026 | $1.38 | +29% |
| Q4 2025 | $0.39 | -77% |
| Q3 2025 | $0.67 | -59% |
| Q2 2025 | $0.66 | -71% |
| Q1 2025 | $1.07 | -68% |
| Q4 2024 | $1.73 | -57% |
DAR's earnings per share have jumped to their highest in seven years: $5.26 over the past year, up from $0.67 the year before.
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 has the edge over DAR on sales, with stronger typical year-over-year growth.
| 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 DAR on profitability, with a higher operating margin.
DAR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +15% |
| Q2 2026 | $1.7B | +16% |
| Q1 2026 | $1.6B | +12% |
| Q4 2025 | $1.7B | +21% |
| Q3 2025 | $1.6B | +10% |
| Q2 2025 | $1.5B | +1.8% |
| Q1 2025 | $1.4B | -2.8% |
| Q4 2024 | $1.4B | -12% |
DAR's revenue has grown year over year for six quarters in a row: $1.8B last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +14 points |
| Q2 2026 | 32% | +27 points |
| Q1 2026 | 15% | +13 points |
| Q4 2025 | 5.7% | -2.9 points |
| Q3 2025 | 4.6% | +0.4 points |
| Q2 2025 | 5.1% | -5.1 points |
| Q1 2025 | 2.1% | -7.6 points |
| Q4 2024 | 8.6% | -1.2 points |
DAR's operating margin was 19% last quarter, up 14 points from the same quarter a year ago.
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.
DAR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $461.3M | +106% |
| Q2 2026 | $533.5M | +266% |
| Q1 2026 | $153M | -39% |
| Q3 2025 | $224.3M | -18% |
| Q2 2025 | $145.8M | -0.5% |
| Q1 2025 | $249M | -5.7% |
| Q3 2024 | $274.5M | -0.8% |
| Q2 2024 | $146.5M | -33% |
DAR generated $1.4B in free cash flow over the past year, up 68% from the year before.
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 DAR 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.
DAR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -493K shares |
| 1 year | +0.1% | +187K shares |
| 3 years | -1.4% | -2.3M shares |
| 5 years | -4% | -6.6M shares |
| Available history | -4.9% | -8.2M shares |
DAR has 160M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $75.9M |
| Q2 2026 | $73.4M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $34.7M |
| Q4 2024 | $5.1M |
DAR spent $149M buying back its own shares over the past year, about four times what it spent 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 DAR on leverage, with a lower net debt burden relative to earnings.
DAR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 4.1x | High |
| Q4 2025 | 4.9x | High |
| Q3 2025 | 5.0x | High |
| Q2 2025 | 5.0x | High |
| Q1 2025 | 4.5x | High |
| Q4 2024 | 4.1x | High |
DAR's net debt is about 1.9 years of its operating earnings (EBITDA), down from 5.0 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).
DAR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.5 | Neutral |
| Stochastic | 13.7 | Oversold |
DAR's weekly RSI is 45 (neutral) and its Stochastic is 14 (oversold).
CELH PE vs Consumer Defensive Sector
| Metric | CELH | Sector median | Relative |
|---|---|---|---|
| PE | 35x | 19x | 82% above |
| PE % | 11 | 18 | 7 pts below |
CELH is trading at 35x earnings, a 82% premium to the Consumer Defensive sector's median of 19x.
DAR PE vs Consumer Defensive Sector
| Metric | DAR | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 19x | 46% below |
| PE % | 8 | 18 | 10 pts below |
DAR has the edge over CELH on valuation relative to its sector.
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.
DAR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $57.9 | 4.4% below |
| 20 week MA | $61.0 | 9.2% below |
| 50 week MA | $55.3 | 0% above |
| 100 week MA | $44.6 | 24% above |
| 200 week MA | $46.8 | 18% above |
DAR 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.
DAR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.0 | $56.1 | +100% |
| 2021 | $56.1 | $64.5 | +15% |
| 2022 | $64.5 | $61.7 | -4.4% |
| 2023 | $61.7 | $49.8 | -19% |
| 2024 | $49.8 | $33.5 | -33% |
| 2025 | $33.5 | $36.0 | +7.5% |
| 2026 YTD | $36.0 | $55.4 | +54% |
DAR has the edge over CELH on returns for 2026, with the stronger performance.