Celsius
CELH Nasdaq· Soft Drinks & Non-alcoholic Beverages
Last close · Oct 27, 2026
$28.00
KIRA · Stoqly’s AI analyst, in plain words
- Celsius had $2.5B of revenue in fiscal 2025, up 85.5% on the year before. Over five years, revenue changed +80.7% a year on average.
- Its operating margin was 5.6%, down 5.9 pts: of every 100 in sales, about 6 is left after running the business.
- Celsius made $108M of net profit in fiscal 2025.
- Free cash flow was $323M in fiscal 2025, 12.9% of revenue.
- Celsius returned $5.7M to shareholders in fiscal 2025, 2% of free cash flow. The diluted share count rose 7.4%.
- Celsius owes $278M more than it holds in cash, about 1.6 years of operating profit.
Market cap
$7.2B
P/E
121.7x
Revenue
$2.5B
Net income
$108M
Free cash flow
$323M
Operating margin
5.6%
Celsius in 30 seconds · fiscal 2025
Are sales growing?
+85.5%
Yes. Sales grew 85.5% last year.
Does it make a profit?
4.3%
A little. It keeps 4.3% of every sale as profit.
Does profit turn into cash?
12.9%
Yes. 12.9% of sales ends up as free cash.
Is debt under control?
1.6x
Keep an eye on it. Repaying its debt would take 1.6 years of operating profit.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
121.7x
One share costs 121.7 times its yearly profit per share. Typical for its sector: 24.2x.
What Celsius does
Celsius makes and sells energy drinks and wellness beverages in the United States and abroad. Its portfolio is mainly energy drinks under the Celsius, Alani Nu and Rockstar brands, with Celsius and Alani Nu also offering other wellness products. Many of its drinks contain caffeine and ingredients such as green tea extract, vitamins and electrolytes, and many have zero sugar. The products are sold in the U.S., Canada, Europe, the Middle East and Asia-Pacific. It sells through grocery, natural-food and convenience stores, fitness centers, mass-market and vitamin retailers and e-commerce sites. It relies on distributors, and Pepsi is its primary distributor in the U.S. and Canada for Celsius, Alani Nu and Rockstar. Under a long-term arrangement it calls the Captaincy, Pepsi has agreed to use commercially reasonable efforts to sell and distribute Celsius products in the U.S. Pepsi holds preferred stock in Celsius and two seats on its Board.
Biggest risks, in its own words
- Relying on distributors, and on Pepsi in particular, so a dispute or an end to those arrangements could hurt it.
- Pepsi's larger ownership stake and Board seats may give it more influence over Celsius' strategy.
- Trouble integrating Alani Nu, Rockstar or other acquired businesses, or not reaching the expected benefits.
- Reliance on co-packers to make its drinks, and the cost or shortage of raw materials.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 2, 2026
- Legal name
- CELSIUS HOLDINGS, INC.
- CIK
- 0001341766
Celsius · CELH
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $314M | $654M | $1.3B | $1.4B | $2.5B |
| Revenue growth | 140.4% | 108.0% | 101.7% | 2.9% | 85.5% |
| Gross margin | 40.8% | 41.4% | 48.0% | 50.2% | 50.4% |
| Operating margin | −1.3% | −24.1% | 20.2% | 11.5% | 5.6% |
| Net income | $3.9M | −$187M | $227M | $145M | $108M |
| Net margin | 1.3% | −28.7% | 17.2% | 10.7% | 4.3% |
| Diluted EPS | $0.02 | −$0.88 | $0.77 | $0.45 | $0.25 |
| Cash | |||||
| Cash from operations | −$96.6M | $108M | $141M | $263M | $359M |
| Capital expenditure | $3.1M | $8.3M | $17.4M | $23.4M | $36.1M |
| Free cash flow | −$99.7M | $99.9M | $124M | $240M | $323M |
| FCF margin | −31.7% | 15.3% | 9.4% | 17.7% | 12.9% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $2.3M | $5.7M |
| Share count change | 4.4% | −2.6% | 4.4% | 0.2% | 7.4% |
| Debt and strength | |||||
| Cash and short-term investments | $16.3M | $614M | $756M | $890M | $399M |
| Debt incl. finance leases | — | — | — | $0.3M | $677M |
| Shareholders' equity | $217M | $40.1M | $264M | $400M | $1.2B |
| Net debt / EBITDA | — | — | — | −5.5x | 1.6x |
| Current ratio | 2.8x | 5.7x | 4.4x | 3.6x | 1.7x |
| Interest coverage | −584.3x | — | — | — | 2.9x |
| Returns and quality | |||||
| Return on capital | — | — | — | — | 25.1% |
| Return on equity | 2.5% | −145.7% | 149.2% | 43.7% | 13.7% |
| Piotroski F-score | — | — | — | — | 5 |
| Altman Z'' | 5.3 | 2.7 | 5.7 | 5.1 | 1.8 |
Insiders bought, 12 months
$3.2M
4 insiders
Insiders sold, 12 months
$0.1M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Celsius · CELH
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Celsius CELH | $7.2B | 85.5% | 5.6% | 12.9% | 25.1% | 121.7x | 5 |
| National Beverage FIZZ | $3.3B | −1.7% | 19.5% | 13.2% | 65.5% | 18.8x | 7 |
| Coca-Cola Consolidated COKE | — | 4.8% | 13.2% | 8.6% | 39.7% | — | — |
| Monster Beverage MNST | $44.9B | 10.7% | 29.2% | 23.7% | 36.1% | 21.0x | 9 |
| Vita Coco COCO | $3.3B | 18.2% | 13.5% | 6.4% | 55.3% | 27.5x | 5 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $28.00 a share, the company is worth $7.2B: 121.7 times its earnings of the last four quarters.
Celsius grew sales faster than 4 of its 4 similar companies. Its P/E is higher than 3 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001341766). Data updated October 10, 2026. For information only — not investment advice. Check the original filings before relying on any figure.