Celsius Holdings (CELH)
NASDAQ:CELH
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Celsius Holdings
(NASDAQ:CELH)
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Rating:63Neutral
Price Target:
$38.00
▲(5.50% Upside)
Action:ReiteratedDate:03/03/26
The score is primarily driven by solid underlying financial performance and a constructive earnings-call outlook for integration completion and margin normalization. These positives are tempered by expensive valuation (very high P/E) and a neutral technical setup, while 2025’s margin/cash-conversion pressure and higher leverage add execution risk.
Positive Factors
PepsiCo distribution partnership
Substantially completing Alani’s DSD transition into Pepsi expands retail coverage and replenishment speed, securing shelf placement and promotional cadence. This durable route-to-market advantage supports sustained unit growth, lowers execution risk, and improves long-term distribution economics.
Negative Factors
Elevated absolute debt after acquisitions
The meaningful debt increase in 2025 shifts Celsius from a lightly levered position to materially higher leverage. Elevated absolute debt raises interest and refinancing sensitivity, narrows strategic optionality, and amplifies execution risk if cash conversion or margins stall during integration periods.
Read all positive and negative factors
Positive Factors
Negative Factors
PepsiCo distribution partnership
Substantially completing Alani’s DSD transition into Pepsi expands retail coverage and replenishment speed, securing shelf placement and promotional cadence. This durable route-to-market advantage supports sustained unit growth, lowers execution risk, and improves long-term distribution economics.
Read all positive factors
Celsius Holdings (CELH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.35B
Dividend YieldN/A
Average Volume (3M)6.83M
Price to Earnings (P/E)99.6
Beta (1Y)1.21
Revenue Growth55.07%
EPS Growth-87.01%
CountryUS
Employees1,073
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)0.26
Shares Outstanding256,975,980
10 Day Avg. Volume5,768,779
30 Day Avg. Volume6,827,814
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 Cap1.03
Enterprise Value/Revenue3.84
Enterprise Value/Gross Profit7.61
Enterprise Value/Ebitda50.81
Forecast
1Y Price Target
$67.88Price Target Upside88.44% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering18
EPS Forecast (FY)1.61
Revenue Forecast (FY)$3.38B
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 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 Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Positive
The call emphasized strong top-line scale (record $2.5B) and meaningful operating progress: accelerated Alani performance (Q4 pro forma +136%), CELSIUS recovery (+7.5% FY; +12.8% tracked Q4), sizable adjusted EBITDA growth and disciplined capital actions (cash generation, $200M debt reduction, $40M buyback). At the same time, near-term challenges from integration costs, inventory timing/GAAP vs scanner mismatches, Q4 gross margin compression (47.4% vs 50.2% prior year) and input-cost/tariff pressures were discussed as transitory headwinds that management expects to moderate as integrations complete (Alani by end-Q1 2026; Rockstar by H1 2026). Overall the positives (record revenue, brand momentum, strong adjusted EBITDA and cash generation, and clear integration milestones) substantially outweigh the near-term integration-related lowlights.Positive Updates
Record Full-Year Revenue and Portfolio Scale
Delivered record fiscal 2025 revenue of $2.5 billion; portfolio now includes two $1B+ brands and represents ~1/5 of the U.S. tracked energy market, demonstrating significant scale.
Negative Updates
Q4 Gross Margin Compression
Gross profit for Q4 rose to $341.8 million but gross profit margin declined to 47.4% from 50.2% in prior-year Q4 (≈280 basis points decline), driven by dilution from Rockstar, higher costs related to integrations, tariffs and one-time transition costs.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Full-Year Revenue and Portfolio Scale
Delivered record fiscal 2025 revenue of $2.5 billion; portfolio now includes two $1B+ brands and represents ~1/5 of the U.S. tracked energy market, demonstrating significant scale.
Read all positive updates
Company Guidance
Management guided that integration and timing impacts should moderate through H1 2026 as Alani Nu’s Pepsi DSD transition is expected to be substantially complete by end‑Q1 2026 (Alani cost structure in place by end‑Q1) and Rockstar’s integration (U.S. to finished‑goods in Q1; Canada in H1) is expected to be complete in the first half of 2026 (Rockstar cost structure by end‑Q2); they expect margins to expand across 2026 back to a normalized low‑50% gross margin (mid‑50s possible over the next few years) after Q4’s 47.4% gross margin (FY gross margin 50.4%), driven by raw‑material, scrap, tolling, freight and mix improvements, with one‑time Q4 transition costs behind them; the company reiterated focus on tightening shipment/takeaway alignment, working‑capital discipline and free‑cash‑flow generation (ended 2025 with $399M cash, ~$670M total debt after ~ $200M of debt paydown, operating cash flow $359M), highlighted a ~$25M net benefit from CELSIUS/Alani inventory movements, and signaled continued capital return optionality after repurchasing $40M of stock (≈$260M remaining), all while expecting adjusted EBITDA to benefit (Q4 adjusted EBITDA $134.1M, margin ~18.6%; FY adjusted EBITDA $619.6M, margin ~24.6%) as distribution and cost integrations complete.Celsius Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.52B | 1.36B | 1.32B | 653.60M | 314.27M |
| Gross Profit | 1.27B | 680.21M | 633.14M | 270.87M | 128.17M |
| EBITDA | 203.46M | 163.00M | 269.59M | -155.88M | -2.79M |
| Net Income | 108.00M | 145.07M | 226.80M | -187.28M | 3.94M |
Balance Sheet | |||||
| Total Assets | 5.12B | 1.77B | 1.54B | 1.22B | 314.02M |
| Cash, Cash Equivalents and Short-Term Investments | 398.87M | 890.19M | 755.98M | 614.16M | 16.25M |
| Total Debt | 669.93M | 20.25M | 2.19M | 1.22M | 1.37M |
| Total Liabilities | 2.18B | 542.46M | 447.87M | 357.49M | 96.97M |
| Stockholders Equity | 2.94B | 1.22B | 1.09B | 864.58M | 217.04M |
Cash Flow | |||||
| Free Cash Flow | 323.38M | 239.51M | 123.78M | 99.92M | -99.74M |
| Operating Cash Flow | 359.44M | 262.90M | 141.22M | 108.18M | -96.59M |
| Investing Cash Flow | -1.30B | -101.73M | -14.20M | -5.67M | -1.26M |
| Financing Cash Flow | 582.76M | -25.97M | -25.22M | 534.11M | 71.39M |
Celsius Holdings Technical Analysis
Negative
36.02
Price Trends
44.04
Negative
45.10
Negative
49.51
Negative
Market Momentum
-2.78
Negative
41.05
Neutral
58.55
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 36.02 is below the 20-day moving average (MA) of 38.23, below the 50-day MA of 44.04, and below the 200-day MA of 49.51, indicating a bearish trend. The MACD of -2.78 indicates Negative momentum. The RSI at 41.05 is Neutral, neither overbought nor oversold. The STOCH value of 58.55 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 40 risk factors in its most recent earnings report. Celsius Holdings reported the most risks in the "Finance & Corporate" 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $74.53B | 39.27 | 25.65% | ― | 7.62% | 12.77% | |
72 Outperform | $2.79B | 42.30 | 23.19% | ― | 23.12% | 16.20% | |
69 Neutral | $3.32B | 19.35 | 35.99% | ― | 0.97% | 0.36% | |
63 Neutral | $9.35B | 99.61 | 4.66% | ― | 55.07% | -87.01% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
55 Neutral | $7.32B | 101.61 | 1.89% | 2.44% | 244.82% | -119.23% | |
46 Neutral | $89.37M | -15.19 | -19.06% | ― | 6.17% | 41.09% |
* Consumer Defensive Sector Average
CELH
Celsius Holdings
36.38
-0.91
-2.44%
PRMB
Primo Brands
20.15
-12.98
-39.18%
MNST
Monster Beverage
76.19
18.04
31.02%
FIZZ
National Beverage
35.43
-8.80
-19.90%
ZVIA
Zevia PBC
1.19
-1.05
-46.88%
COCO
Vita Coco Company
48.83
17.92
57.97%
Celsius Holdings Corporate Events
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 ...
Business Operations and StrategyExecutive/Board Changes
Celsius Holdings Reshapes Board and Leadership with PepsiCo
Neutral
Feb 10, 2026
On February 10, 2026, Celsius Holdings announced the immediate resignations of PepsiCo-designated directors Israel Kontorvsky and Michael Del Pozzo from its board, and the same day appointed PepsiCo executives Chrysso (Christy) Jacoby and John Sho...
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.