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Makes Celsius energy/fitness drinks positioned as a healthier, sugar-free alternative, distributed largely through PepsiCo.
Makes Celsius energy/fitness drinks positioned as a healthier, sugar-free alternative, distributed largely through PepsiCo.
Owns the brands and marketing but leaves production to contract packers, and since a 2022 deal with PepsiCo relies on its distributors to get drinks into stores. PepsiCo is also a shareholder, through a 2022 investment. The 2025 purchase of Alani Nu added a second major brand.
Moat: narrow (brand, distribution). Fast-growing 'better-for-you' positioning and a PepsiCo distribution partnership drive rapid shelf expansion.
Headquarters: Boca Raton, Florida, US · Founded: 2004 · Employees: 1,497
Size Celsius (CELH) is a United States Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $8.14B, the 874th largest of 3,117 United States companies the cockpit tracks. Shares closed at $32.16 on 6 Nov 2026.
Performance Over six months the shares fell 0.4%, against +7.2% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 17 in its peer set.
Growth Revenue grew 82.9% over the last twelve months (peer median +10.2%); the operating margin is 19.2% (peer median 11.4%).
Valuation It trades at 22.7× forward earnings against a peer median of 17.2× (4th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +81%, so the hurdle is -73 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.6 points above its cost of capital (8.8% WACC).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.05B | $2.52B | $1.36B | $1.32B | $654M |
| Revenue growth | — | +86% | +3% | +102% | — |
| Gross profit | $1.45B | $1.24B | $673M | $630M | $269M |
| EBITDA | $623M | $568M | $163M | $269M | -$156M |
| Net income | $123M | $101M | $145M | $227M | -$187M |
| Free cash flow | $463M | $323M | $240M | $124M | $99.9M |
| Capital expenditure | $45.9M | $36.1M | $23.4M | $17.4M | $8.26M |
| Total debt | $2.43B | $2.46B | $20.2M | $2.19M | $1.22M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Celsius CELH | $8.14B | 0% | +83% | 19% | 22.7× | 7.6% |
| Monster Beverage MNST | $89.6B | +11% | +20% | 29% | 36.2× | 10.2% |
| PepsiCo PEP | $193B | -8% | +6% | 16% | 16.6× | -5.5% |
| Keurig Dr Pepper KDP | $49.8B | +28% | +43% | 17% | 14.8× | 6.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CELH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +17.4% | +8.3% | 3rd highest of 17 |
| 6-month return | -0.4% | +7.2% | 7th lowest of 17 |
| Distance from 52-week high | -45.8% | -8.8% | 2nd lowest of 17 |
| Revenue growth (TTM) | +82.9% | +10.2% | 2nd highest of 17 |
| Operating margin | 19.2% | 11.4% | 2nd highest of 16 |
| Forward P/E | 22.7× | 17.2× | 4th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 7.6% | -2.2% | 4th most demanding of 15 |
| Growth delivered (Del g) | +80.7% | +9.1% | highest of 15 |
| Hurdle (Req g minus delivered) | -73.0 pp | -14.5 pp | least demanding of 15 |
| ROIC minus cost of capital | +6.6 pp | +9.1 pp | 8th lowest of 16 |
| EV / EBITDA | 16.0× | 8.8× | 3rd most expensive of 15 |
| Net debt / EBITDA | 2.9× | 0.7× | 3rd most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Celsius CELH | United States | $8.14B | 0% | +83% | 19% | 22.7× | 7.6% | +80.7% |
| Primo Brands PRMB | United States | $8.10B | -4% | +28% | 10% | 16.2× | 9.2% | +27.8% |
| Suntory Beverage & Food 2587.T | Japan | $9.58B | +9% | +7% | 9% | 17.2× | -7.5% | +7.8% |
| Tingyi 0322.HK | Hong Kong | $9.59B | +17% | +4% | 9% | 14.1× | -12.9% | +2.4% |
| Coca-Cola FEMSA SAB de CV Sponsored ADR KOF | United States | $6.01B | +8% | +17% | 14% | 16.5× | -20.1% | +12.2% |
| Eastroc Beverage (Group) 605499.SS | China | $11.7B | -27% | +12% | 25% | 17.2× | -3.2% | +33.1% |
| Coca-Cola Consolidated COKE | United States | $13.8B | +19% | +11% | 13% | n/a | -1.3% | +7.6% |
| Coca-Cola Bottlers Japan 2579.T | Japan | $4.60B | +31% | -2% | 4% | 31.7× | 8.4% | +2.4% |
| Uni-President China 0220.HK | Hong Kong | $4.56B | +12% | +4% | 8% | 14.0× | -8.3% | +6.1% |
| Embotelladora Andina S.A. Sponsored ADR Pfd AKO-B | United States | $4.26B | +7% | +10% | 13% | 14.6× | -4.2% | +10.4% |
| Varun Beverages VBL.NS | India | $15.7B | -14% | +22% | 17% | 42.8× | 37.2% | +26.8% |
| Swire Pacific 0019.HK | Hong Kong | $17.0B | +23% | +7% | 12% | 11.4× | 6.9% | +2.9% |
| National Beverage FIZZ | United States | $3.48B | +6% | -2% | 18% | 19.2× | 3.4% | +1.9% |
| Coca-Cola HBC CCH.L | United Kingdom | $20.5B | -2% | +13% | 11% | 17.2× | 4.9% | +12.8% |
| SDIC Zhonglu Fruit Juice 600962.SS | China | $2.62B | -1% | +100% | n/a | n/a | n/a | n/a |
| Fomento Economico Mexicano SAB de CV Sponsored ADR FMX | United States | $26.1B | +7% | +18% | 9% | 24.2× | -6.9% | +13.8% |
| China Resources Beverage (Holdings) 2460.HK | Hong Kong | $2.27B | -14% | -19% | 6% | 18.1× | n/a | n/a |