CELH
Celsius Holdings, Inc.
CELH has the edge over KDP overall, supported by stronger modeled upside and stronger valuation.
KDP
Keurig Dr Pepper Inc.
KDP has slightly 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.
KDP Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Weak |
KDP's revenue, profitability and cash flow are currently healthy, but its balance sheet is weak.
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 KDP in the historical PE scenario, which offers more potential upside but is not a forecast.
KDP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $35.42 | — |
| Cheap | 22x | $23.89 | -33% |
| Fair | 29x | $31.75 | -10% |
| Current | 33x | $35.42 | — |
| Expensive | 34x | $37.51 | +5.9% |
Historical ranges are pointers, not guarantees.
KDP's PE is in its expensive range at 33x. If earnings grow as analysts expect, today's price would be 14x next year's earnings, in its cheap range.
CELH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
CELH has the edge over KDP on the outlook, with more favorable profitability expectations.
KDP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for KDP, but weaker profitability. 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 earned $0.90 per share over the past year, about eight times what it earned the year before.
KDP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.47 | +126% |
| Q3 2026 | $1.09 | -6% |
| Q2 2026 | $0.99 | -12% |
| Q1 2026 | $1.35 | +23% |
| Q4 2025 | $1.53 | +46% |
| Q3 2025 | $1.16 | -30% |
| Q2 2025 | $1.12 | -29% |
| Q1 2025 | $1.10 | -29% |
| Q4 2024 | $1.05 | -32% |
KDP has the edge over CELH on earnings, with stronger typical year-over-year growth.
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 KDP on profitability, with a higher operating margin.
KDP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.3B | +71% |
| Q2 2026 | $7.3B | +76% |
| Q1 2026 | $4B | +9.4% |
| Q4 2025 | $4.5B | +11% |
| Q3 2025 | $4.3B | +11% |
| Q2 2025 | $4.2B | +6.1% |
| Q1 2025 | $3.6B | +4.8% |
| Q4 2024 | $4.1B | +5.2% |
KDP's revenue has grown year over year every quarter since late 2020: $7.3B last quarter, up 71% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | -5 points |
| Q2 2026 | 8.6% | -13 points |
| Q1 2026 | 19% | -3 points |
| Q4 2025 | 20% | +18 points |
| Q3 2025 | 23% | -0.1 points |
| Q2 2025 | 22% | -0.4 points |
| Q1 2025 | 22% | 0 points |
| Q4 2024 | 1.6% | -23 points |
KDP's operating margin was 18% last quarter, down 5 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.
KDP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $884M | +68% |
| Q2 2026 | $714M | +120% |
| Q1 2026 | $165M | +85% |
| Q4 2025 | $564M | -18% |
| Q3 2025 | $527M | +4.8% |
| Q2 2025 | $325M | -40% |
| Q1 2025 | $89M | +$162M |
| Q4 2024 | $684M | +378% |
KDP 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 KDP 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.
KDP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +1.6M shares |
| 1 year | +0.2% | +3.2M shares |
| 3 years | -2.9% | -40.1M shares |
| 5 years | -4.4% | -62.4M shares |
| Available history | -3.7% | -53M shares |
KDP has 1.4B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $9M |
| Q1 2025 | — |
| Q4 2024 | $5M |
| Q3 2024 | — |
| Q2 2024 | — |
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 KDP on leverage, with a lower net debt burden relative to earnings.
KDP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.0x | High |
| Q2 2026 | 7.0x | High |
| Q1 2026 | 6.0x | High |
| Q4 2025 | 3.6x | Elevated |
| Q3 2025 | 4.6x | High |
| Q2 2025 | 4.8x | High |
| Q1 2025 | 4.8x | High |
| Q4 2024 | 4.8x | High |
KDP's net debt is about 6.0 years of its operating earnings (EBITDA), up from 4.6 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).
KDP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 84.3 | Overbought |
KDP's weekly RSI is 62 (neutral) and its Stochastic is 84 (overbought).
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.
KDP PE vs Consumer Defensive Sector
| Metric | KDP | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 19x | 67% above |
| PE % | 72 | 18 | 54 pts above |
KDP 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.
KDP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.9 | 4.5% above |
| 20 week MA | $32.4 | 9.2% above |
| 50 week MA | $30.2 | 17% above |
| 100 week MA | $30.9 | 15% above |
| 200 week MA | $32.0 | 11% above |
KDP 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.
KDP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.8 | $31.9 | +11% |
| 2021 | $31.9 | $35.9 | +13% |
| 2022 | $35.9 | $36.4 | +1.2% |
| 2023 | $36.4 | $33.3 | -8.4% |
| 2024 | $33.3 | $32.3 | -3.2% |
| 2025 | $32.3 | $28.1 | -13% |
| 2026 YTD | $28.1 | $35.4 | +26% |
KDP has the edge over CELH on returns for 2026, with the stronger performance.