Latest Ratios: P/E Ratio 116.7x · EV/EBITDA 15.5x · ROE 5.2%. (2005–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.5B | $10.8B | $6.3B | $12.9B | $7.9B | $5.8B | $3.7B | $310M | $174M | $233M | $94M |
| Enterprise Value | $7.7B | $11.1B | $5.4B | $12.2B | $7.3B | $5.8B | $3.7B | $296M | $174M | $223M | $87M |
| P/E Ratio → | 116.72 | 182.96 | 58.53 | 70.81 | — | 1243.00 | 456.95 | 30.21 | — | — | — |
| P/S Ratio | 2.97 | 4.31 | 4.61 | 9.80 | 12.04 | 18.44 | 28.65 | 4.13 | 3.31 | 6.45 | 4.15 |
| P/B Ratio | 2.35 | 3.69 | 5.11 | 11.87 | 9.10 | 26.70 | 35.90 | 4.89 | 14.76 | 13.60 | 8.67 |
| P/FCF | 23.07 | 33.55 | 26.11 | 104.37 | 78.77 | — | 1327.64 | 324.27 | — | — | — |
| P/OCF | 20.75 | 30.18 | 23.79 | 91.48 | 72.75 | — | 1103.17 | 299.82 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.42 | 3.97 | 9.23 | 11.10 | 18.39 | 28.33 | 3.94 | 3.32 | 6.15 | 3.83 |
| EV / EBITDA | 15.52 | 22.33 | 33.03 | 45.13 | — | — | 388.86 | — | — | — | — |
| EV / EBIT | 16.50 | 63.90 | 27.60 | 41.70 | — | — | 381.22 | 26.08 | — | — | — |
| EV / FCF | — | 34.39 | 22.48 | 98.28 | 72.64 | — | 1312.71 | 310.08 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.4% | 50.4% | 50.2% | 48.0% | 41.4% | 40.8% | 46.6% | 41.7% | 40.0% | 42.7% | 42.7% |
| Operating Margin | 18.6% | 18.6% | 11.5% | 20.2% | -24.1% | -1.3% | 6.1% | -1.9% | -20.2% | -22.3% | -12.5% |
| Net Profit Margin | 4.3% | 4.3% | 10.7% | 17.2% | -28.7% | 1.3% | 6.5% | 13.3% | -21.3% | -22.8% | -13.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.2% | 5.2% | 12.5% | 23.2% | -34.6% | 2.5% | 10.2% | 26.5% | -77.4% | -58.8% | -31.2% |
| ROA | 3.1% | 3.1% | 8.8% | 16.4% | -24.4% | 1.8% | 7.7% | 16.0% | -36.3% | -36.8% | -18.6% |
| ROIC | 19.7% | 19.7% | 33.9% | 68.1% | -52.2% | -2.3% | 10.6% | -3.5% | -86.4% | -119.9% | -63.1% |
| ROCE | 17.2% | 17.2% | 11.7% | 23.0% | -24.6% | -2.5% | 9.4% | -3.5% | -52.7% | -44.8% | -19.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 0.02 | 0.00 | 0.00 | 0.01 | 0.01 | 0.15 | 0.67 | 0.20 | 0.41 |
| Debt / EBITDA | 1.35 | 1.35 | 0.12 | 0.01 | — | — | 0.12 | — | — | — | — |
| Net Debt / Equity | — | 0.09 | -0.71 | -0.69 | -0.71 | -0.07 | -0.40 | -0.21 | 0.02 | -0.62 | -0.67 |
| Net Debt / EBITDA | 0.54 | 0.54 | -5.34 | -2.80 | — | — | -4.42 | — | — | — | — |
| Debt / FCF | — | 0.84 | -3.63 | -6.09 | -6.13 | — | -14.93 | -14.19 | — | — | — |
| Interest Coverage | 3.55 | 3.55 | — | — | — | -506.38 | 9.04 | 8.16 | -58.34 | -50.31 | -12.41 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.68 | 1.68 | 3.62 | 4.36 | 5.69 | 2.82 | 3.53 | 1.93 | 2.32 | 4.18 | 7.61 |
| Quick Ratio | 1.37 | 1.37 | 3.26 | 3.53 | 4.62 | 0.76 | 2.84 | 1.36 | 1.55 | 3.36 | 6.66 |
| Cash Ratio | 0.37 | 0.37 | 2.44 | 2.73 | 3.81 | 0.17 | 1.64 | 0.87 | 0.52 | 2.19 | 5.06 |
| Asset Turnover | — | 0.49 | 0.77 | 0.86 | 0.53 | 1.00 | 1.00 | 0.83 | 1.52 | 1.33 | 1.28 |
| Inventory Turnover | 3.70 | 3.70 | 5.15 | 2.99 | 2.21 | 0.97 | 3.79 | 2.87 | 2.75 | 3.91 | 5.89 |
| Days Sales Outstanding | — | 109.63 | 72.79 | 51.52 | 37.02 | 48.00 | 47.11 | 43.50 | 90.07 | 64.35 | 44.70 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.5% | 0.3% | 0.4% | 0.2% | 0.1% | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.9% | 0.5% | 1.7% | 1.4% | — | 0.1% | 0.2% | 3.3% | — | — | — |
| FCF Yield | 4.3% | 3.0% | 3.8% | 1.0% | 1.3% | — | 0.1% | 0.3% | — | — | — |
| Buyback Yield | 0.5% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.1% | 0.7% | 0.5% | 0.2% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $237M | $237M | $237M | $227M | $233M | $223M | $193M | $150M | $133M | $116M |
Includes 30+ ratios · 20 years · Updated daily
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Quick answers to the most common questions about buying CELH stock.
Celsius Holdings, Inc.'s current P/E ratio is 116.7x. The historical average is 85.6x. This places it at the 75th percentile of its historical range.
Celsius Holdings, Inc.'s current EV/EBITDA is 15.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 33.5x.
Celsius Holdings, Inc.'s return on equity (ROE) is 5.2%. The historical average is -39.5%.
Based on historical data, Celsius Holdings, Inc. is trading at a P/E of 116.7x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Celsius Holdings, Inc.'s current dividend yield is 0.54%.
Celsius Holdings, Inc. has 50.4% gross margin and 18.6% operating margin. Operating margin between 10-20% is typical for established companies.
Celsius Holdings, Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
EPS volatility and margin compression
Metrics are mathematically derived from official filings.
Margin Compression Masks Underlying Strength
Gross margin held at 48.1% in 2026Q2, down from 51.5% a year earlier, per reported figures, while operating margin collapsed to 9.2% from 19.3%, indicating cost pressures are eroding profitability.
The 300 basis point decline in gross margin suggests input cost inflation and promotional activity are weighing on pricing power, but the more dramatic operating margin contraction points to SG&A escalation. With SG&A surging to $237.6M in 2026Q2, overhead is growing faster than revenue, and the 2025Q3 operating loss of $80.0M highlights the volatility from integration costs. Investors should monitor whether these costs are one-time or structural, as the net margin of 4.5% in 2026Q2 is well below the 19.8% reported in 2024Q2.
Return on Capital Decays Sharply
ROIC fell to 1.8% in 2026Q2 from 22.7% in 2024Q2, as reported in financial statements, indicating a severe deterioration in capital efficiency despite a growing asset base.
The collapse in ROIC from double-digit levels to near zero reflects both margin compression and a doubling of invested capital, largely due to the Rockstar acquisition and PepsiCo-related investments. ROE similarly dropped to 1.7% from 6.9% in 2024Q1, suggesting that the company is not generating adequate returns on its expanded equity base. This trend may indicate that the acquisition-driven growth strategy is not yet delivering the expected synergies, and investors should watch for a recovery in ROIC as integration costs subside.
Working Capital Cycle Lengthens
Cash conversion cycle extended to 125 days in 2026Q2 from 70 days in 2025Q2, per reported data, driven by higher DSO and DIO, indicating reduced efficiency in managing receivables and inventory.
DSO rose to 87 days from 46 days a year earlier, while DIO increased to 81 days from 47 days, suggesting that the company is holding more inventory and taking longer to collect payments, possibly due to distributor dynamics. The CCC of 125 days is well above the 70 days in 2025Q2, and the trend is consistent with the inventory normalization noted in recent context. This lengthening cycle ties up cash and may signal slowing sell-through, though the asset-light model with minimal capex partially offsets the impact.
Leverage Spike Reflects Acquisition Financing
Debt-to-equity surged to 1.95 in 2026Q1 before falling to 0.23 in 2026Q2, as reported in SEC filings, indicating a temporary leverage event tied to the Rockstar acquisition.
The spike in leverage was short-lived, and the current D/E of 0.23 is low, but the D/EBITDA of 7.82 in 2026Q2 is elevated, suggesting that EBITDA has not yet recovered to cover the debt load. Interest coverage of 7.01x is comfortable, but the volatility in coverage from 2.79x in 2025Q4 to 12.61x in 2026Q1 highlights the earnings instability. Investors should monitor whether the acquisition-related debt is refinanced or paid down, as the current leverage is manageable but could become strained if margins continue to compress.
Liquidity Buffer Thins but Remains Adequate
Current ratio fell to 1.80 in 2026Q2 from 4.71 in 2024Q3, per reported figures, while cash dropped to $631.2M, indicating a reduced but still sufficient cushion against operational shocks.
The quick ratio of 1.42 suggests that even without inventory, the company can cover short-term obligations, but the declining trend from 3.26 in 2024Q4 warrants attention. The cash position of $631.2M, combined with minimal debt, provides a solid liquidity base, though the current ratio is now closer to the 1.5-2.0 range typical of mature companies. This thinning buffer may limit flexibility for further acquisitions or aggressive buybacks, but it does not currently pose a solvency risk.
P/E Misleads in Hyper-Growth Phase
The trailing P/E of 116.36 is misleading given the EPS volatility and one-time charges, as reported in financial statements, while the forward P/E of 18.23 better reflects normalized earnings.
The wide gap between trailing and forward P/E highlights the market's expectation of a sharp earnings recovery, but the PEG of 2.49 suggests that the growth is not cheap. The P/E is distorted by the 2025Q3 operating loss and the 2026Q2 EPS miss, making it an unreliable metric for valuation. Instead, EV/EBITDA of 15.48 may be more appropriate, but the forward EV/EBITDA of 54.61 indicates that the market is pricing in significant EBITDA growth. Investors should focus on normalized earnings power and cash flow metrics, such as P/FCF of 23.00, which is more stable than P/E.