CELH
Celsius Holdings, Inc.
CELH has the edge over KO overall, supported by stronger modeled upside and stronger valuation.
KO
The Coca-Cola Company
KO 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.
KO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Healthy |
KO's profitability, cash flow and balance sheet are currently healthy, and its revenue 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 KO in the historical PE scenario, which offers more potential upside but is not a forecast.
KO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $81.16 | -17% |
| Fair | 27x | $90.11 | -7.5% |
| Forward | 28x | $97.44 | — |
| Expensive | 29x | $98.35 | +0.9% |
| Current | 29x | $97.44 | — |
Historical ranges are pointers, not guarantees.
KO's PE is in its expensive range at 29x, but its recent earnings include one-off gains. On analysts' estimates for next year's earnings, today's price would be 28x.
CELH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
CELH has the edge over KO on the outlook, with more favorable valuation and revenue expectations.
KO Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect KO's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
KO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.47 | +2% |
| Q3 2026 | $3.40 | +13% |
| Q2 2026 | $3.33 | +19% |
| Q1 2026 | $3.18 | +28% |
| Q4 2025 | $3.04 | +24% |
| Q3 2025 | $3.01 | +25% |
| Q2 2025 | $2.81 | +14% |
| Q1 2025 | $2.49 | 0% |
| Q4 2024 | $2.46 | -0.4% |
KO 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's operating margin was 20% last quarter, up 31 points from the same quarter a year ago.
KO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $13.4B | +7.4% |
| Q2 2026 | $13.4B | +6.7% |
| Q1 2026 | $12.5B | +12% |
| Q4 2025 | $11.8B | +2.4% |
| Q3 2025 | $12.5B | +5.1% |
| Q2 2025 | $12.5B | +1.4% |
| Q1 2025 | $11.1B | -1.5% |
| Q4 2024 | $11.5B | +6.4% |
KO's revenue has grown year over year for six quarters in a row: $13.4B last quarter, up 7.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 33% | +1.4 points |
| Q2 2026 | 35% | +0.8 points |
| Q1 2026 | 35% | +2.1 points |
| Q4 2025 | 16% | -7.9 points |
| Q3 2025 | 32% | +11 points |
| Q2 2025 | 34% | +13 points |
| Q1 2025 | 33% | +14 points |
| Q4 2024 | 23% | +2.5 points |
KO has the edge over CELH on profitability, with a higher operating margin.
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.
KO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $4.5B | -0.3% |
| Q2 2026 | $5.1B | +51% |
| Q1 2026 | $1.8B | +$7.3B |
| Q4 2025 | $2.9B | -8.7% |
| Q3 2025 | $4.6B | +$6.3B |
| Q2 2025 | $3.4B | +6.5% |
| Q1 2025 | -$5.5B | -3588% |
| Q4 2024 | $3.1B | +73% |
KO 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 KO 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.
KO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +1M shares |
| 1 year | 0% | +1M shares |
| 3 years | -0.6% | -25M shares |
| 5 years | -0.7% | -30M shares |
| Available history | 0% | -- |
KO has 4.3B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $237M |
| Q2 2026 | $186M |
| Q1 2026 | $477M |
| Q4 2025 | $102M |
| Q3 2025 | $172M |
| Q2 2025 | $102M |
| Q1 2025 | $370M |
| Q4 2024 | $567M |
KO spent $1B buying back its own shares over the past year, down 17% 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 KO on leverage, with a lower net debt burden relative to earnings.
KO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.7x | Healthy |
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.4x | Moderate |
| Q3 2025 | 2.2x | Moderate |
| Q2 2025 | 2.8x | Moderate |
| Q1 2025 | 3.2x | Elevated |
| Q4 2024 | 3.0x | Elevated |
KO's net debt is about 1.7 years of its operating earnings (EBITDA), down from 2.2 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).
KO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 71.8 | Overbought |
| Stochastic | 89.6 | Overbought |
KO's weekly RSI is 72 (overbought) and its Stochastic is 90 (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.
KO PE vs Consumer Defensive Sector
| Metric | KO | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 19x | 47% above |
| PE % | 80 | 18 | 62 pts above |
KO 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.
KO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $91.9 | 6% above |
| 20 week MA | $88.7 | 9.8% above |
| 50 week MA | $81.3 | 20% above |
| 100 week MA | $75.1 | 30% above |
| 200 week MA | $68.5 | 42% above |
KO 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.
KO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $55.4 | $53.4 | -3.5% |
| 2021 | $53.4 | $58.2 | +8.9% |
| 2022 | $58.2 | $63.8 | +9.6% |
| 2023 | $63.8 | $58.9 | -7.7% |
| 2024 | $58.9 | $62.5 | +6% |
| 2025 | $62.5 | $69.9 | +12% |
| 2026 YTD | $69.9 | $97.4 | +39% |
KO has the edge over CELH on returns for 2026, with the stronger performance.