Is the business good?
How good a business is SPB?
Spectrum Brands Holdings, Inc. earns 4.4% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
4.4%
Return on invested capital · cost of capital 9.0% · 4.6 points below what the capital costs: growth destroys value
- Operating margin
- 4.7%
Operating margin · Household & Personal Products median 15% · 12 months to Q2 2026
- Cash conversion
- 2.30×
Cash conversion · 1.28× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −11%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 0.33% |
| FY2021 | 3.2% |
| FY2022 | 0.74% |
| FY2023 | −7.0% |
| FY2024 | 5.8% |
| FY2025 | 4.5% |
Details›
- Gross margin12 months to Q2 2026
- 37%
- Operating margin12 months to Q2 2026
- 4.7%
- Net margin12 months to Q2 2026
- 4.5%
- Free cash flow margin
- 10%
- Revenue, trailing twelve months
- $2.82B
- Free cash flow, trailing twelve months
- $290M
- Net income, trailing twelve months
- $126M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.4%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Household & Personal Products
Ranks #9 of 13 by Smart Score