Celsius Holdings (CELH)
NASDAQ:CELH
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Celsius Holdings
(NASDAQ:CELH)
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Rating:59Neutral
Price Target:
$30.00
▼(-14.89% Downside)
Action:Reiterated
Date:05/09/26
CELH scores as a balanced-to-cautious setup: financial performance is supported by re-accelerating revenue and solid free cash flow, but is held back by higher leverage and margin compression. Technicals are notably weak (price below key moving averages and negative MACD), which weighs on the near-term outlook. The earnings call was a positive offset with strong Q1 profitability and synergy progress, while valuation (P/E ~26.8) is only moderate without dividend support.
Positive Factors
Free Cash Flow Strength
Strong operating and free cash flow (~$330M and ~$293M TTM) with free cash flow to net income ~0.89 shows durable cash conversion. This supports continued brand investment, buybacks and the ability to fund integration costs or weather commodity swings, improving financial resilience over the next several quarters.
Negative Factors
Elevated Leverage
Total debt rising to roughly $2.44B while equity fell to about $1.25B materially increases leverage and reduces financial flexibility. Higher interest and refinancing exposure constrain capital allocation, raise downside risk if margins slip, and limit the company's ability to opportunistically invest or deleverage quickly.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
Strong operating and free cash flow (~$330M and ~$293M TTM) with free cash flow to net income ~0.89 shows durable cash conversion. This supports continued brand investment, buybacks and the ability to fund integration costs or weather commodity swings, improving financial resilience over the next several quarters.
Read all positive factors
Celsius Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyCelsius Holdings (CELH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.59B
Dividend YieldN/A
Average Volume (3M)9.22M
Price to Earnings (P/E)20.7
Beta (1Y)0.99
Revenue Growth123.34%
EPS Growth32.74%
CountryUS
Employees1,073
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)0.40
Shares Outstanding255,640,370
10 Day Avg. Volume13,383,501
30 Day Avg. Volume9,216,853
Financial Highlights & Ratios
PEG Ratio-2.18
Price to Book (P/B)3.66
Price to Sales (P/S)4.28
P/FCF Ratio33.27
Enterprise Value/Market Cap1.26
Enterprise Value/Revenue3.23
Enterprise Value/Gross Profit6.51
Enterprise Value/Ebitda33.83
Forecast
1Y Price Target
$62.11Price Target Upside76.20% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering19
EPS Forecast (FY)1.64
Revenue Forecast (FY)$3.35B
Celsius Holdings Business Overview & Revenue Model
Company Description
Celsius Holdings, Inc. develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally. It offers various carbonated and non-carbonated functional energy drinks unde...
How the Company Makes Money
Celsius primarily makes money by selling its branded beverages to customers such as distributors and retailers, generating revenue from product sales (i.e., cases/units shipped) across channels like convenience stores, grocery, mass retail, and e-...
Celsius Holdings Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive operating and financial trajectory: record revenue, substantial profitability gains (GAAP net income doubled; adjusted EBITDA and margin expanded), meaningful Alani synergies (~$50M), successful innovation and distribution expansion, and active capital return. Headwinds are present—mainly commodity and freight cost pressures, temporary effects from SKU rationalization, and ongoing Rockstar integration—that could slow margin recovery timing. Overall, highlights substantially outweigh the lowlights but margin timing remains a watch item.Positive Updates
Record First Quarter Revenue
Delivered record Q1 revenue of $783 million, driven by portfolio strength and execution.
Negative Updates
Input Cost Pressures (Aluminum, LME, Freight)
Midwest aluminum premium and LME increased during the quarter; elevated aluminum, freight, fuel and resin pricing could delay gross margin recovery to the low-50s and impact timing/sequencing of margin expansion.
Read all updates
Q1-2026 Updates
Positive
Negative
Record First Quarter Revenue
Delivered record Q1 revenue of $783 million, driven by portfolio strength and execution.
Read all positive updates
Company Guidance
Guidance on the call was largely directional: management expects Q2 to build on recent resets with additional CELSIUS and Alani innovation and summer activations, views 2026 as a stabilization year for Rockstar with integration completing in H1 2026, and sees gross margin moving up from Q1’s ~48.3% toward the low‑50s (timing dependent on aluminum/LME and freight), with Q2 a “side‑step” and a stair‑step improvement in Q3/Q4 and fuller benefit as a second NC manufacturing line comes online late‑2026 (with fuller impact in 2027). They reiterated operating and capital priorities alongside the Q1 metrics that frame the guidance: record Q1 revenue $783M; CELSIUS net sales $348M (~+6% YoY); Alani net sales $368M (pro forma ~+60% YoY; scanner growth ~100% or ~85% adjusted implying ~ $340M organic RTD U.S. revenue and $28M Canada/non‑U.S. addback); Rockstar $67M; ~ $50M of Alani synergies captured; adjusted EBITDA $195M (24.9% margin, ~+370bps YoY); GAAP net income $110M (vs $44M prior year); gross margin ~48.3%; adjusted SG&A ~26.4% of revenue (down from 31.8% in Q4); ~700k shares repurchased for $24.1M at $35.39 with $236.1M remaining under a $300M buyback; portfolio dollar share ~20.9% (≈1/5 of U.S. energy); and CAGNY space targets of ~+17% for CELSIUS, >100% for Alani and maintained net space for Rockstar.Celsius Holdings Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
48
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.97B | 2.52B | 1.36B | 1.32B | 653.60M | 314.27M |
| Gross Profit | 1.47B | 1.27B | 680.21M | 633.14M | 270.87M | 128.17M |
| EBITDA | 283.40M | 203.46M | 163.00M | 269.59M | -155.88M | -2.79M |
| Net Income | 173.68M | 108.00M | 145.07M | 226.80M | -187.28M | 3.94M |
Balance Sheet | ||||||
| Total Assets | 5.16B | 5.12B | 1.77B | 1.54B | 1.22B | 314.02M |
| Cash, Cash Equivalents and Short-Term Investments | 549.20M | 398.87M | 890.19M | 755.98M | 614.16M | 16.25M |
| Total Debt | 2.44B | 669.93M | 20.25M | 2.19M | 1.22M | 1.37M |
| Total Liabilities | 3.91B | 2.18B | 542.46M | 447.87M | 357.49M | 96.97M |
| Stockholders Equity | 1.25B | 2.94B | 1.22B | 1.09B | 864.58M | 217.04M |
Cash Flow | ||||||
| Free Cash Flow | 292.76M | 323.38M | 239.51M | 123.78M | 99.92M | -99.74M |
| Operating Cash Flow | 329.80M | 359.44M | 262.90M | 141.22M | 108.18M | -96.59M |
| Investing Cash Flow | -1.30B | -1.30B | -101.73M | -14.20M | -5.67M | -1.26M |
| Financing Cash Flow | 537.49M | 582.76M | -25.97M | -25.22M | 534.11M | 71.39M |
Celsius Holdings Technical Analysis
Negative
35.25
Price Trends
34.48
Negative
41.98
Negative
47.49
Negative
Market Momentum
-1.65
Negative
42.14
Neutral
48.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CELH, the sentiment is Negative. The current price of 35.25 is above the 20-day moving average (MA) of 31.32, above the 50-day MA of 34.48, and below the 200-day MA of 47.49, indicating a bearish trend. The MACD of -1.65 indicates Negative momentum. The RSI at 42.14 is Neutral, neither overbought nor oversold. The STOCH value of 48.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CELH.
Celsius Holdings Risk Analysis
Celsius Holdings disclosed 1 risk factors in its most recent earnings report. Celsius Holdings reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Celsius Holdings Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $84.42B | 31.12 | 25.46% | ― | 18.06% | 36.22% | |
82 Outperform | $4.50B | 22.45 | 25.43% | ― | 23.05% | 36.53% | |
69 Neutral | $3.31B | 19.35 | 35.99% | ― | 1.01% | 1.21% | |
63 Neutral | $8.38B | 62.69 | 1.90% | 2.44% | 66.61% | ― | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | $7.59B | 20.71 | 7.51% | ― | 123.34% | 32.74% | |
51 Neutral | $118.56M | -8.80 | -13.99% | ― | 9.76% | 67.59% |
* Consumer Defensive Sector Average
CELH
Celsius Holdings
30.12
-5.98
-16.57%
PRMB
Primo Brands
23.49
-7.77
-24.84%
MNST
Monster Beverage
86.79
23.43
36.98%
FIZZ
National Beverage
35.28
-8.67
-19.73%
ZVIA
Zevia PBC
1.69
-1.10
-39.43%
COCO
Vita Coco Company
76.04
39.84
110.06%
Celsius Holdings Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
Celsius Holdings Posts Record Q1 Revenue and Earnings
Positive
May 7, 2026
On May 7, 2026, Celsius Holdings reported record first-quarter 2026 revenue of $782.6 million, up 138% year over year, driven largely by the acquisitions of Alani Nu and Rockstar Energy and their integration into PepsiCo’s distribution netwo...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Celsius Holdings Posts Record 2025 Revenue on Acquisitions
Positive
Feb 26, 2026
Celsius Holdings, Inc., a leading energy drink maker, reported on Feb. 26, 2026 that full-year 2025 revenue surged 86% to a record $2.52 billion, driven mainly by its 2025 acquisitions of Alani Nu and Rockstar Energy and modest growth in its core ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.