CELH
Celsius Holdings, Inc.
CELH has the edge over SPB overall, supported by stronger valuation and stronger fundamentals.
SPB
Spectrum Brands Holdings, Inc.
SPB 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.
SPB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
SPB'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 SPB in the historical PE scenario, which offers more potential upside but is not a forecast.
SPB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.4x | $30.03 | -66% |
| Forward | 17x | $88.35 | — |
| Fair | 20x | $62.89 | -29% |
| Current | 28x | $88.35 | — |
| Expensive | 30x | $96.06 | +8.7% |
Historical ranges are pointers, not guarantees.
SPB's PE is in its expensive range at 28x. If earnings grow as analysts expect, today's price would be 17x 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 SPB on the outlook, with more favorable revenue expectations.
SPB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect SPB's earnings to grow and its profitability to improve, with its revenue 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 earned $0.90 per share over the past year, about eight times what it earned the year before.
SPB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.28 | +66% |
| Q2 2026 | $3.18 | +18% |
| Q1 2026 | $5.14 | +144% |
| Q4 2025 | $4.23 | +3.4% |
| Q3 2025 | $3.86 | -5.9% |
| Q2 2023 | $44.61 | +1649% |
| Q1 2023 | -$0.66 | -127% |
| Q4 2022 | $1.04 | -65% |
| Q3 2022 | $1.75 | -60% |
SPB 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 has the edge over SPB on sales, with more consistent year-over-year improvement.
| 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 SPB on profitability, with a higher operating margin.
SPB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $753.3M | +7.7% |
| Q1 2026 | $708.9M | +4.9% |
| Q4 2025 | $677M | -3.3% |
| Q3 2025 | $733.5M | -5.2% |
| Q2 2025 | $699.6M | -10% |
| Q1 2025 | $675.7M | -6% |
| Q4 2024 | $700.2M | +1.2% |
| Q3 2024 | $773.7M | +4.5% |
SPB's revenue is recovering but still below its 2020 peak: $753M last quarter, up 7.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 2.1% | -2.4 points |
| Q1 2026 | 6.1% | +3.2 points |
| Q4 2025 | 4% | -2.4 points |
| Q3 2025 | 4% | +1.2 points |
| Q2 2025 | 4.5% | -1.7 points |
| Q1 2025 | 2.9% | -7.7 points |
| Q4 2024 | 6.4% | +2.8 points |
| Q3 2024 | 2.8% | +0.6 points |
SPB's operating margin was 2.1% last quarter, down 2.4 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.
SPB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $73.5M | +2.4% |
| Q1 2026 | $900K | -94% |
| Q4 2025 | $59.3M | +$137.6M |
| Q3 2025 | $157.9M | +133% |
| Q2 2025 | $71.8M | -1.1% |
| Q1 2025 | $13.9M | +$22.9M |
| Q4 2024 | -$78.3M | -$65.6M |
| Q3 2024 | $67.7M | +$596.4M |
SPB 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 255M diluted shares, down 1.1% from a year ago.
| 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.
SPB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -200K shares |
| 1 year | -7.6% | -1.9M shares |
| 3 years | -44% | -17.9M shares |
| 5 years | -46% | -19.8M shares |
| Available history | -54% | -27.6M shares |
SPB has the edge over CELH on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $15.9M |
| Q1 2026 | $6.8M |
| Q4 2025 | $35.5M |
| Q3 2025 | $39.2M |
| Q2 2025 | $54.4M |
| Q1 2025 | $159.9M |
| Q4 2024 | $72.9M |
| Q3 2024 | — |
SPB spent $97M buying back its own shares over the past year, down 66% 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 SPB on leverage, with a lower net debt burden relative to earnings.
SPB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 2.0x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.0x | Healthy |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 1.3x | Healthy |
| Q3 2024 | 0.7x | Very low |
SPB's net debt is about 1.7 years of its operating earnings (EBITDA), down from 2.5 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).
SPB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.2 | Neutral |
| Stochastic | 50.7 | Neutral |
SPB's weekly RSI is 60 (neutral) and its Stochastic is 51 (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.
SPB PE vs Consumer Defensive Sector
| Metric | SPB | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 19x | 43% above |
| PE % | 76 | 18 | 58 pts above |
SPB 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.
SPB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $82.2 | 7.4% above |
| 20 week MA | $85.5 | 3.4% above |
| 50 week MA | $78.5 | 13% above |
| 100 week MA | $71.1 | 24% above |
| 200 week MA | $75.5 | 17% above |
SPB 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.
SPB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $63.7 | $76.3 | +20% |
| 2021 | $76.3 | $98.8 | +29% |
| 2022 | $98.8 | $59.3 | -40% |
| 2023 | $59.3 | $79.8 | +35% |
| 2024 | $79.8 | $84.3 | +5.6% |
| 2025 | $84.3 | $60.1 | -29% |
| 2026 YTD | $60.1 | $88.4 | +47% |
SPB has the edge over CELH on returns for 2026, with the stronger performance.