CELH
Celsius Holdings, Inc.
CELH has the edge over GO overall, supported by stronger fundamentals and stronger valuation.
GO
Grocery Outlet Holding Corp.
GO trails on the overall score without a compensating advantage in the available component scores.
CELH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Strong |
CELH's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
GO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Stable | |
| Under pressure |
GO's revenue and cash flow are currently stable, but its profitability and balance sheet are under pressure.
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.
GO PE Valuation
GO has no meaningful PE right now: it lost money over the past year.
CELH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
CELH has the edge over GO on the outlook, with more favorable revenue and profitability expectations.
GO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Stable | |
| Moderate | |
| Low |
Analysts expect GO's earnings to grow, with its revenue and profitability holding steady. However, they disagree widely on these estimates.
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 has the edge over GO on earnings quality, reporting a profit while its opponent remains loss making.
GO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.64 | — |
| Q3 2026 | -$3.87 | -$3.83 |
| Q2 2026 | -$3.88 | -4950% |
| Q1 2026 | -$3.89 | -2388% |
| Q4 2025 | -$2.30 | -675% |
| Q3 2025 | -$0.04 | -108% |
| Q2 2025 | $0.08 | -85% |
| Q1 2025 | $0.17 | -73% |
| Q4 2024 | $0.40 | -49% |
GO lost $3.87 per share over the past year, a bigger loss than 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'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 GO on profitability, with a higher operating margin.
GO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +0.9% |
| Q2 2026 | $1.2B | +1.1% |
| Q1 2026 | $1.2B | +3.6% |
| Q4 2025 | $1.2B | +11% |
| Q3 2025 | $1.2B | +5.4% |
| Q2 2025 | $1.2B | +4.5% |
| Q1 2025 | $1.1B | +8.5% |
| Q4 2024 | $1.1B | +11% |
GO's revenue has grown year over year for 19 quarters in a row: $1.2B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2% | +0.1 points |
| Q2 2026 | 1.3% | +0.2 points |
| Q1 2026 | -15% | -13 points |
| Q4 2025 | -19% | -20 points |
| Q3 2025 | 1.9% | -1.7 points |
| Q2 2025 | 1.1% | -1.2 points |
| Q1 2025 | -2% | -2 points |
| Q4 2024 | 1% | -0.9 points |
GO's operating margin was 2% last quarter, about level with 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.
GO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$7.1M | +$14.5M |
| Q2 2026 | $1.4M | -90% |
| Q1 2026 | -$193K | +$1.3M |
| Q4 2025 | $32.5M | +$52.1M |
| Q3 2025 | -$21.6M | -$2.2M |
| Q2 2025 | $14.4M | +427% |
| Q1 2025 | -$1.5M | +$36.9M |
| Q4 2024 | -$19.6M | +$9.2M |
GO 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 GO 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.
GO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +515K shares |
| 1 year | +1.6% | +1.6M shares |
| 3 years | -0.7% | -685K shares |
| 5 years | +1.1% | +1.1M shares |
| Available history | +23% | +18.4M shares |
GO has 100M diluted shares, up 1.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $25M |
| Q3 2024 | $25M |
| Q2 2024 | $25M |
| Q1 2024 | $6.2M |
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 more cash than debt.
GO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 3.5x | Elevated |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 2.8x | Moderate |
| Q4 2024 | 2.5x | Moderate |
| Q3 2024 | 2.1x | Moderate |
| Q2 2024 | 1.9x | Healthy |
| Q1 2024 | 1.3x | Healthy |
| Q4 2023 | 0.9x | Very low |
GO's net debt is about 3.5 years of its operating earnings (EBITDA), up from 2.1 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).
GO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.4 | Neutral |
| Stochastic | 75.7 | Neutral |
GO's weekly RSI is 63 (neutral) and its Stochastic is 76 (neutral).
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.
GO PE vs Consumer Defensive Sector
| Metric | GO | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 19x | — |
GO has no meaningful PE right now: it lost money over the past year.
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.
GO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.5 | 3.2% above |
| 20 week MA | $11.4 | 13% above |
| 50 week MA | $9.84 | 31% above |
| 100 week MA | $12.3 | 4.3% above |
| 200 week MA | $19.0 | 32% below |
GO 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.
GO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $33.5 | $40.4 | +21% |
| 2021 | $40.4 | $28.1 | -31% |
| 2022 | $28.1 | $29.7 | +5.9% |
| 2023 | $29.7 | $27.0 | -9.3% |
| 2024 | $27.0 | $15.5 | -43% |
| 2025 | $15.5 | $10.3 | -34% |
| 2026 YTD | $10.3 | $12.9 | +25% |
GO has the edge over CELH on returns for 2026, with the stronger performance.