CELH
Celsius Holdings, Inc.
CELH has the edge over OTLY overall, supported by stronger fundamentals and stronger valuation.
OTLY
Oatly Group AB
OTLY 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.
OTLY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Weak |
OTLY's revenue is currently healthy, and its profitability is stable, but its cash flow 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.
OTLY PE Valuation
OTLY 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 OTLY on the outlook, with more favorable earnings and profitability expectations.
OTLY Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect OTLY's revenue to grow, with its earnings and profitability 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 has the edge over OTLY on earnings quality, reporting a profit while its opponent remains loss making.
OTLY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.87 | +$4.66 |
| Q2 2026 | -$4.21 | +$2.28 |
| Q1 2026 | -$5.07 | +$0.58 |
| Q4 2025 | -$5.09 | +$1.68 |
| Q4 2025 | -$7.53 | +$6.24 |
| Q2 2025 | -$6.49 | +$4.64 |
| Q1 2025 | -$5.65 | +$7.36 |
| Q4 2024 | -$6.77 | +$7.26 |
OTLY is still losing money, but far less than before: $2.87 per share over the past year, against $14.03 at its worst in late 2023.
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 OTLY on profitability, with a higher operating margin.
OTLY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $243.1M | +9.1% |
| Q2 2026 | $240.1M | +15% |
| Q1 2026 | $228.3M | +16% |
| Q4 2025 | $233.8M | +9.1% |
| Q4 2025 | $222.8M | +6.5% |
| Q2 2025 | $208.4M | +3% |
| Q1 2025 | $197.5M | -0.8% |
| Q4 2024 | $214.3M | +5% |
OTLY's revenue has grown year over year for six quarters in a row: $243M last quarter, up 9.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3.8% | +3.8 points |
| Q2 2026 | -7.2% | +3.4 points |
| Q1 2026 | -5% | +4.4 points |
| Q4 2025 | -4.3% | +38 points |
| Q4 2025 | -7.6% | +5.7 points |
| Q2 2025 | -11% | +8.7 points |
| Q1 2025 | -9.4% | +4.9 points |
| Q4 2024 | -42% | +77 points |
OTLY's operating margin was −3.8% last quarter, up 3.8 points from the same quarter a year ago, near the top of its range since 2020.
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 has the edge over OTLY on cash generation, producing positive trailing cash flow while its opponent burns cash.
OTLY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$18.4M | -$13M |
| Q2 2026 | -$592K | +$4.6M |
| Q1 2026 | -$11.7M | +$8.8M |
| Q4 2025 | -$6.7M | +$15.8M |
| Q4 2025 | -$5.4M | +$21.3M |
| Q2 2025 | -$5.2M | +$56M |
| Q1 2025 | -$20.5M | +$24.5M |
| Q4 2024 | -$22.5M | +$8.7M |
OTLY has burned cash in almost every quarter: −$37M over the past year, against −$54M 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 OTLY 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.
OTLY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +457K shares |
| 1 year | +6.2% | +1.9M shares |
| 3 years | +7.5% | +2.2M shares |
| 5 years | +7.9% | +2.3M shares |
| Available history | +7.8% | +2.3M shares |
OTLY has 32M diluted shares, up 6.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q4 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
OTLY hasn't bought back shares in the past year.
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 OTLY on leverage, with a lower net debt burden relative to earnings.
OTLY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 68.9x | High |
| Q2 2024 | 46.6x | High |
OTLY's net debt is more than 20 years of its operating earnings (EBITDA).
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).
OTLY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.1 | Neutral |
| Stochastic | 4.0 | Oversold |
OTLY's weekly RSI is 35 (neutral) and its Stochastic is 4 (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.
OTLY PE vs Consumer Defensive Sector
OTLY 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 the edge over OTLY on trend strength, trading above more of its moving averages.
OTLY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.94 | 24% below |
| 20 week MA | $11.7 | 35% below |
| 50 week MA | $11.2 | 32% below |
| 100 week MA | $12.0 | 37% below |
| 200 week MA | $19.0 | 60% below |
OTLY is in a downtrend: it's below all five of its weekly moving averages, and 60% below its 200-week average.
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 has the edge over OTLY on returns for 2026, with the stronger performance.
OTLY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $449.2 | $162.8 | -64% |
| 2022 | $162.8 | $28.4 | -83% |
| 2023 | $28.4 | $23.6 | -17% |
| 2024 | $23.6 | $12.8 | -46% |
| 2025 | $12.8 | $11.1 | -13% |
| 2026 YTD | $11.1 | $7.60 | -32% |
OTLY has finished every year since 2021 lower, and it's down 32% so far in 2026.