Celsius
CELH Nasdaq Soft Drinks & Non-alcoholic Beverages 金融 FY2016–FY2025
Celsius' revenue rose 85.5% to $2.5 billion in fiscal 2025. Its operating margin was 5.6%, down from 11.5% a year earlier. Free cash flow was $323 million, up 35.0%. It paid out $6 million in dividends and buybacks, 2% of free cash flow. The diluted share count rose 7.4%.
このデータについて。 Celsius' balance sheet shows its Series A and Series B convertible preferred stock (US$1,760 million at the end of 2025, held by PepsiCo and by the sellers of Alani Nu) between liabilities and equity; the SEC's structured data tags it only by series, so its assets exceed liabilities plus equity in the data by that amount from 2025. Celsius' debt is blank for 2016, 2017 and 2019 to 2023: in those years it had only small loans (a few million dollars at most) or none, and its filings don't tag a total. Its first large borrowing was the 2025 loan for its purchase of Alani Nu. Share counts and per-share figures for earlier years are restated for a stock split (3-for-1), so every year is on today's share basis. In fiscal 2025 the SEC's structured data shows assets that differ from liabilities plus equity by more than 3%, so total liabilities may be incomplete.
Celsiusの事業内容
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. Celsius relies mostly on co-packers, which are outside companies that make its drinks.
Celsius bought the Alani Nu brand for a total that included $1,275.0 million in cash, shares of its common stock, and up to $25.0 million more in cash. It also acquired the Rockstar business in the U.S. and Canada as part of its deals with Pepsi. It funded part of the Alani Nu cash price with a term loan, which it later refinanced with a new, smaller one. Celsius says it faces significant competition from other functional beverage companies.
- 正式名称
- CELSIUS HOLDINGS, INC.
- 決算期末
- 2025年12月31日
- 最新の年次報告書
- 10-K · 2026年3月2日
- 受付番号 · CIK
- 0001341766-26-000024
0001341766
売上高と利益率
Celsiusの2025年度の売上高は$2.5Bで、前年比85.5%増でした。
純利益と1株当たり利益
赤字の期間は赤で表示しています。
資本利益率
事業に投下された資金(負債+自己資本−現金)に対する税引後営業利益の割合。
キャッシュフロー
2025年度のフリーキャッシュフローは$323Mで、売上高の12.9%でした。 営業キャッシュフローから設備投資を差し引いた額。
配当、自社株買い、株式数
Celsiusは2025年度に$5.7Mを株主に還元しました。フリーキャッシュフローの2%にあたります。 希薄化後株式数は7.4%増加しました。
Celsiusを自分で評価
前提条件を変えて、1株あたりの価値を確認できます。これはモデルであり、予測や目標株価ではありません。結果は入力した値によって決まります。
DCF(割引キャッシュフロー)
1株当たり価値
—
ネットキャッシュ−$278Mを加え、希薄化後株式数254.9Mで割ります。10年分のキャッシュフローと継続価値を現在価値に割り引いています。
利益倍率
1株当たり価値
—
参考倍率:現在 123.8x · 同業他社 21.4x · セクター 24.2x。
貸借対照表
現金、負債、そしてCelsiusがどれだけ余裕を持って負債を抱えられるかを示す指標。
| 期末 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| 現金および短期投資 | $16.3M | $614M | $756M | $890M | $399M |
| 負債(ファイナンス・リース含む) | — | — | — | $0.3M | $677M |
| 純負債 / EBITDA | — | — | — | −5.5x | 1.6x |
| 負債 / 自己資本 | — | — | — | 0.0x | 0.6x |
| インタレスト・カバレッジ | −584.3x | — | — | — | 2.9x |
| 流動比率 | 2.8x | 5.7x | 4.4x | 3.6x | 1.7x |
| 当座比率 | 0.8x | 4.6x | 3.5x | 3.3x | 1.4x |
| 総資産 | $314M | $1.2B | $1.5B | $1.8B | $5.1B |
| 負債合計 | $97.0M | $358M | $448M | $543M | $2.2B |
| 自己資本 | $217M | $40.1M | $264M | $400M | $1.2B |
| 純負債 (− = ネットキャッシュ) | — | — | — | −$890M | $278M |
インサイダー取引
役員、取締役、10%超保有者による市場内での売買(Form 4の届出に基づく)。「計画」は事前に定めたRule 10b5-1プランによる取引を示します。
買い(12か月)
$3.2M
インサイダー4人
売り(12か月)
$0.1M
インサイダー1人
売りのうち計画取引
0%
$0.0M
| 日付 | インサイダー | 取引 | 株数 | 株価 | 金額 | 書類 |
|---|---|---|---|---|---|---|
| 2026年9月15日 | Damon DeSantisDirector | 買い | 16,000 | $27.95 | $0.4M | Form 4 |
| 2026年9月15日 | Hal KravitzDirector | 買い | 12,000 | $28.00 | $0.3M | Form 4 |
| 2026年9月14日 | Damon DeSantisDirector | 買い | 20,000 | $27.65 | $0.6M | Form 4 |
| 2026年9月10日 | John FieldlyChief Executive Officer, Director | 買い | 18,000 | $27.44 | $0.5M | Form 4 |
| 2026年5月22日 | Hal KravitzDirector | 買い | 8,400 | $29.73 | $0.2M | Form 4 |
| 2026年5月22日 | John FieldlyChief Executive Officer, Director | 買い | 8,475 | $29.36 | $0.2M | Form 4 |
| 2026年5月21日 | Eric HansonPresident & COO | 買い | 7,500 | $29.04 | $0.2M | Form 4 |
| 2026年3月2日 | Joyce RussellDirector | 売り | 2,880 | $51.31 | $0.1M | Form 4 |
| 2025年11月13日 | Hal KravitzDirector | 買い | 10,000 | $45.24 | $0.5M | Form 4 |
| 2025年11月12日 | Eric HansonPresident & COO | 買い | 4,558 | $43.93 | $0.2M | Form 4 |
ピオトロスキーFスコア
収益性、資金調達、効率性に関する9つの合否テスト。8〜9は良好、0〜2は弱い。
| テスト | FY23 | FY24 | FY25 |
|---|---|---|---|
| 純利益がプラス | ✓ | ✓ | ✓ |
| 営業キャッシュフローがプラス | ✓ | ✓ | ✓ |
| 総資産利益率が上昇 | ✓ | ✕ | ✕ |
| 営業キャッシュフローが純利益を上回る | ✕ | ✓ | ✓ |
| 資産に対する負債が減少 | — | — | ✕ |
| 流動比率が上昇 | ✕ | ✕ | ✕ |
| 株式数が増えていない | ✕ | ✕ | ✕ |
| 売上総利益率が上昇 | ✓ | ✓ | ✓ |
| 資産に対する売上高が上昇 | ✕ | ✕ | ✓ |
| Fスコア | — / 9 | — / 9 | 5 / 9 |
| アクルーアル比率 | 6.2% | −7.1% | −7.3% |
| Altman Z'' | 5.72 | 5.12 | 1.81 |
類似企業
各社の直近会計年度のデータです。決算月が異なるため、期間は完全には一致しません。
| 企業 | 時価総額 | 成長率 | 営業利益率 | FCFマージン | ROIC | PER | Fスコア | |
|---|---|---|---|---|---|---|---|---|
| Celsius CELH | $7.3B | 85.5% | 5.6% | 12.9% | 25.1% | 123.8x | 5 | |
| National Beverage FIZZ | $3.4B | −1.7% | 19.5% | 13.2% | 65.5% | 19.4x | 7 | 比較 → |
| Coca-Cola Consolidated COKE | — | 4.8% | 13.2% | 8.6% | 39.7% | — | — | 比較 → |
| Monster Beverage MNST | $45.7B | 10.7% | 29.2% | 23.7% | 36.1% | 21.4x | 9 | 比較 → |
| Vita Coco COCO | $3.4B | 18.2% | 13.5% | 6.4% | 55.3% | 28.4x | 5 | 比較 → |
10年分のデータ
金額はUSD建て。指標名にカーソルを合わせると定義が表示されます。
| 会計年度 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| 損益計算書 | ||||||||||
| 売上高 | $22.8M | $36.2M | $52.6M | $75.1M | $131M | $314M | $654M | $1.3B | $1.4B | $2.5B |
| 売上総利益 | $9.7M | $15.4M | $21.1M | $31.3M | $61.0M | $128M | $271M | $633M | $680M | $1.3B |
| 研究開発費 | $0.1M | $0.4M | $0.6M | $0.3M | $0.5M | $1.0M | $0.4M | $1.7M | $1.0M | $2.4M |
| 営業利益 | −$2.8M | −$8.1M | −$10.6M | −$1.4M | $7.9M | −$4.1M | −$158M | $266M | $156M | $141M |
| 支払利息 | $0.2M | $0.2M | $0.2M | $0.5M | $0.4M | $0.0M | $0.0M | $0.0M | $0.0M | $49.0M |
| 税引前利益 | −$3.1M | −$8.2M | −$11.2M | $10.0M | $8.6M | −$4.1M | −$153M | $292M | $195M | $125M |
| 法人税 | $0.0M | $0.0M | $0.0M | — | $0.1M | −$8.0M | $34.6M | $64.9M | $50.0M | $17.0M |
| 純利益 | −$3.1M | −$8.2M | −$11.2M | $10.0M | $8.5M | $3.9M | −$187M | $227M | $145M | $108M |
| 希薄化後EPS | −$0.03 | −$0.06 | −$0.08 | $0.05 | $0.04 | $0.02 | −$0.88 | $0.77 | $0.45 | $0.25 |
| 希薄化後株式数 | 0.12B | 0.13B | 0.15B | 0.19B | 0.22B | 0.23B | 0.23B | 0.24B | 0.24B | 0.25B |
| キャッシュフロー | ||||||||||
| 営業キャッシュフロー | −$2.4M | −$8.4M | −$11.6M | $1.0M | $3.4M | −$96.6M | $108M | $141M | $263M | $359M |
| 設備投資(capex) | $0.0M | $0.0M | $0.1M | $0.1M | $0.6M | $3.1M | $8.3M | $17.4M | $23.4M | $36.1M |
| フリーキャッシュフロー | −$2.4M | −$8.5M | −$11.8M | $1.0M | $2.8M | −$99.7M | $99.9M | $124M | $240M | $323M |
| 減価償却費 | $0.0M | $0.0M | $0.1M | $0.1M | $0.7M | $1.3M | $1.9M | $3.2M | $7.3M | $29.5M |
| 株式報酬 | $1.6M | $2.2M | $4.3M | $4.8M | $6.3M | $36.5M | $20.7M | $21.2M | $19.6M | $28.0M |
| 買収 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $75.3M | $0.0M |
| 自社株買い | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $2.3M | $5.7M |
| 支払配当金 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 配当と自社株買い | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $2.3M | $5.7M |
| 貸借対照表 | ||||||||||
| 現金および短期投資 | $11.7M | $14.2M | $7.7M | $23.1M | $43.2M | $16.3M | $614M | $756M | $890M | $399M |
| 負債総額 | — | — | $4.5M | — | — | — | — | — | $0.0M | $677M |
| ファイナンス・リース負債 | $0.0M | $0.0M | $0.0M | $0.5M | $0.3M | $0.2M | $0.2M | $0.3M | $0.3M | $0.0M |
| 流動資産 | $17.7M | $27.0M | $34.5M | $51.5M | $93.2M | $262M | $918M | $1.2B | $1.3B | $1.8B |
| 流動負債 | $2.3M | $6.5M | $14.9M | $26.7M | $26.4M | $93.1M | $161M | $277M | $366M | $1.1B |
| 棚卸資産 | $2.2M | $5.3M | $11.5M | $15.3M | $18.4M | $191M | $173M | $229M | $131M | $338M |
| 有形固定資産(純額) | $0.0M | $0.1M | $0.1M | $0.1M | $0.6M | $3.2M | $10.2M | $24.9M | $55.6M | $87.9M |
| 総資産 | $17.7M | $27.1M | $34.6M | $90.4M | $131M | $314M | $1.2B | $1.5B | $1.8B | $5.1B |
| 負債合計 | $6.8M | $10.0M | $22.8M | $26.9M | $27.0M | $97.0M | $358M | $448M | $543M | $2.2B |
| 自己資本 | $10.9M | $17.1M | $11.8M | $63.5M | $104M | $217M | $40.1M | $264M | $400M | $1.2B |
| 利益率 | ||||||||||
| 売上総利益率 | 42.8% | 42.7% | 40.0% | 41.7% | 46.6% | 40.8% | 41.4% | 48.0% | 50.2% | 50.4% |
| 営業利益率 | −12.5% | −22.3% | −20.2% | −1.9% | 6.1% | −1.3% | −24.1% | 20.2% | 11.5% | 5.6% |
| EBITDAマージン | −12.4% | −22.3% | −20.1% | −1.8% | 6.6% | −0.9% | −23.9% | 20.5% | 12.0% | 6.8% |
| 純利益率 | −13.5% | −22.8% | −21.3% | 13.3% | 6.5% | 1.3% | −28.7% | 17.2% | 10.7% | 4.3% |
| FCFマージン | −10.5% | −23.4% | −22.4% | 1.3% | 2.2% | −31.7% | 15.3% | 9.4% | 17.7% | 12.9% |
| 収益性 | ||||||||||
| 投下資本利益率 | — | — | — | — | — | — | — | — | — | 25.1% |
| 使用資本利益率 | −19.9% | −44.8% | −52.7% | −3.5% | 9.4% | −2.5% | −24.6% | 23.0% | 11.7% | 5.2% |
| 自己資本利益率 | −31.2% | −58.8% | −77.4% | 26.5% | 10.2% | 2.5% | −145.7% | 149.2% | 43.7% | 13.7% |
| 総資産利益率 | −18.6% | −36.8% | −36.3% | 16.0% | 7.7% | 1.8% | −24.4% | 16.4% | 8.8% | 3.1% |
| 成長率 | ||||||||||
| 売上高成長率 | 32.2% | 58.9% | 45.5% | 42.9% | 74.0% | 140.4% | 108.0% | 101.7% | 2.9% | 85.5% |
| 純利益成長率 | — | — | — | — | −14.5% | −53.8% | −4,857.0% | — | −36.0% | −25.6% |
| EPS成長率 | — | — | — | — | −31.3% | −45.5% | −4,500.0% | — | −41.6% | −44.4% |
| FCF成長率 | — | — | — | — | 195.1% | −3,635.5% | — | 23.9% | 93.5% | 35.0% |
| 株式数の変化 | 16.3% | 15.2% | 12.7% | 28.2% | 16.0% | 4.4% | −2.6% | 4.4% | 0.2% | 7.4% |
| 財務の健全性 | ||||||||||
| 純負債 / EBITDA | — | — | — | — | — | — | — | — | −5.5x | 1.6x |
| 負債 / 自己資本 | — | — | 0.4x | — | — | — | — | — | 0.0x | 0.6x |
| インタレスト・カバレッジ | −12.4x | −50.3x | −61.0x | −2.8x | 17.7x | −584.3x | — | — | — | 2.9x |
| 流動比率 | 7.6x | 4.2x | 2.3x | 1.9x | 3.5x | 2.8x | 5.7x | 4.4x | 3.6x | 1.7x |
| 当座比率 | 6.7x | 3.4x | 1.6x | 1.4x | 2.8x | 0.8x | 4.6x | 3.5x | 3.3x | 1.4x |
| 資本配分 | ||||||||||
| 設備投資 / 売上高 | 0.1% | 0.1% | 0.2% | 0.1% | 0.4% | 1.0% | 1.3% | 1.3% | 1.7% | 1.4% |
| 株式報酬 / 売上高 | 6.9% | 6.2% | 8.2% | 6.4% | 4.9% | 11.6% | 3.2% | 1.6% | 1.5% | 1.1% |
| 株主還元 / FCF | — | — | — | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.9% | 1.8% |
| クオリティ指標 | ||||||||||
| ピオトロスキーFスコア | — | — | — | — | — | — | — | — | — | 5.0 |
| アルトマンZ'' | −3.5 | −2.7 | −4.7 | 1.9 | 6.4 | 5.3 | 2.7 | 5.7 | 5.1 | 1.8 |
| アクルーアル比率 | −4.3% | 0.8% | 1.4% | 14.3% | 4.6% | 45.2% | −38.5% | 6.2% | −7.1% | −7.3% |
出典:SEC EDGAR XBRL提出書類 (CIK 0001341766). 2026年10月10日更新。 第4四半期は通期から最初の9か月を差し引いた値です。 情報提供のみを目的としており、投資助言ではありません。数字を利用する前に原本の書類を確認してください。