Celsius Holdings, Inc.CELH
NasdaqCM•Consumer Defensive•Beverages - Non-Alcoholic
Celsius Holdings, Inc. develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally. The company offers CELSIUS ESSENTIALS, a functional energy drink formulated with aminos; and CELSIUS Hydration, a line of zero-sugar hydration powders featuring electrolytes in various fruit-forward flavors, as well as ready-to-drink energy beverages, on-the-go powder and hydration sticks, and nutrition and wellness products under CELSIUS, Alani Nu, and Rockstar brand names. It distributes its products through direct-to-store delivery, independent distributors, supermarkets, convenience stores, drug stores, nutritional stores, food service providers, and mass merchants, as well as natural food stores, fitness centers, mass market retailers, vitamin specialty stores, club stores, gyms, and e-commerce platforms. The company was formerly known as Vector Ventures, Inc. and changed its name to Celsius Holdings, Inc. in January 2007. Celsius Holdings, Inc. was founded in 2004 and is headquartered in Boca Raton, Florida.
Celsius Holdings, Inc. (CELH) reported trailing twelve months revenue of $2.97B as of March 2026, a 123.3% increase year-over-year. Quarterly revenue reached $782.62M, reflecting continued top-line momentum.
Celsius Holdings, Inc. generated $173.68M in TTM net income, with quarterly EBITDA of $148.13M. The operating margin expanded from 15.8% to 17.8%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (17.8%) and net margin (14.1%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 13.5% a year ago, signaling stronger bottom-line efficiency.
CELH trades at a P/E of 50.0x (a premium multiple) and a P/S of 2.9x. The price-to-book ratio of 6.9x indicates a significant premium over book value.
The company generated $65.81M in free cash flow over the trailing twelve months, a 31.8% decrease year-over-year, indicating cash generation ability. The balance sheet shows $5.16B in total assets with $668.88M in long-term debt against $1.25B in stockholders equity for a debt-to-equity ratio of 0.5. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 7.8%. The business may lack pricing power or face rising costs.'
ROE averages 27.6% but has fluctuated — the competitive advantage may be cyclical or emerging.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 8.6% — watch for continued compression, which may signal competitive or cost pressure.
FCF consistently trails net income (avg -1.2x) — earnings may be inflated by non-cash items or aggressive accounting.
D/E ratio is 0.5 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 10.2% — significant dilution, likely from stock compensation or capital raises.