Is the business good?
How good a business is CELH?
Celsius Holdings, Inc. earns 13% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
13%
Return on invested capital · cost of capital 9.0% · 4.1 points above what the capital costs: growth creates value
- Operating margin
- 7.7%
Operating margin · Beverages - Non-Alcoholic median 16% · 12 months to Q1 2026
- Cash conversion
- 1.69×
Cash conversion · 1.84× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +9.5%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 6.0% |
| FY2021 | −1.3% |
| FY2022 | −24% |
| FY2023 | 20% |
| FY2024 | 11% |
| FY2025 | 5.6% |
Details›
- Gross margin12 months to Q1 2026
- 50%
- Operating margin12 months to Q1 2026
- 7.7%
- Net margin12 months to Q1 2026
- 5.9%
- Free cash flow margin
- 9.9%
- Revenue, trailing twelve months
- $2.97B
- Free cash flow, trailing twelve months
- $293M
- Net income, trailing twelve months
- $174M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 13%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Beverages - Non-Alcoholic
Ranks #9 of 10 by Smart Score