Spectrum Brands Holdings Inc. (SPB) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$1.46	$2.79	+91.1%	—	$753.3M	—
Q2 26	$1.06	$1.25	+17.9%	—	$708.9M	—
Q1 26	$0.76	$1.4	+84.2%	—	$677M	—
Q4 25	$0.91	$2.61	+186.8%	—	$733.5M	—
Q3 25	$1.24	$1.24	0.0%	—	$699.6M	—
Q2 25	$1.38	$0.68	-50.7%	—	$675.7M	—
Q1 25	$0.92	$1.02	+10.9%	—	$700.2M	—
Q4 24	$1.07	$0.97	-9.3%	—	$773.7M	—
Q3 24	$1.22	$1.1	-9.8%	—	$779.4M	—
Q2 24	$0.62	$1.62	+161.3%	—	$718.5M	—
Q1 24	$0.48	$0.78	+62.5%	—	$692.2M	—
Q4 23	$0.99	$1.36	+37.4%	—	$740.7M	—
Q3 23	$0.51	$0.75	+47.1%	—	$735.5M	—
Q2 23	-$0.18	-$0.14	+22.2%	—	$729.2M	—
Q1 23	-$0.39	-$0.32	+17.9%	—	$713.3M	—
Q4 22	$0.34	$0.48	+41.2%	—	$749.5M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.88	—	—	$2.8B	—
FY24	—	$4.12	—	—	$3B	—
FY23	—	$45.6	—	—	$2.9B	—
FY22	—	$1.75	—	—	$3.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3B	$3.7B	$3.8B	$2.4B	$2.6B	$3B	$3.1B	$2.9B	$3B	$2.8B
YoY change	-36.1%	+22%	+2.76%	-35.8%	+7.18%	+14.3%	+4.48%	-6.82%	+1.55%	-5.23%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3B	3.7B	3.8B	2.4B	2.6B	3B	3.1B	2.9B	3B	2.8B
Cost of revenue	1.8B	2.4B	2.5B	1.6B	1.7B	2B	2.1B	2B	1.9B	1.8B
Gross profit	1.2B	1.3B	1.3B	819.6M	878.1M	1B	990.4M	924.3M	1.1B	1B
Gross margin	41%	36.1%	35%	33.5%	33.5%	34.5%	31.6%	31.7%	37.4%	36.7%
Research & development	27M	44.6M	44.6M	32.1M	29.2M	29.8M	26.7M	22.5M	—	—
Selling, general & administrative	823.4M	933.3M	943M	709.1M	789.3M	907.7M	995.7M	899.6M	958.5M	882.6M
Operating expenses	953.4M	977.9M	987.6M	741.2M	845.3M	937.5M	1B	922.1M	958.5M	882.6M
Operating income	396.2M	358.5M	346.7M	78.4M	59.6M	97.1M	-5.3M	24.7M	150.8M	149.3M
Operating margin	13%	9.67%	9.1%	3.2%	2.27%	3.24%	-0.17%	0.85%	5.09%	5.32%
Non-operating income, net	-52.5M	-76M	-118.4M	-274.2M	9M	7.2M	13.8M	-237.1M	13.8M	-36.3M
Pretax income	9.2M	-27.9M	-35.7M	-354.2M	-25.1M	-11.1M	-90.3M	-290.2M	163.6M	87.2M
Income tax	-58.4M	-11.8M	-462.7M	-52M	27.3M	-26.4M	-13.3M	-56.5M	64.3M	-13M
Net income	-33.9M	273.2M	872M	495.8M	98.5M	189.6M	72.7M	1.8B	124.8M	100.4M
Net margin	-1.12%	7.37%	22.9%	20.3%	3.76%	6.32%	2.32%	61.7%	4.21%	3.57%
EBITDA	525.4M	500.8M	475.4M	182.3M	158M	222.4M	79.9M	150.4M	301.5M	239.6M
EPS	-6.24	3.31	20.8	9.23	2.19	4.44	1.75	45.6	4.12	3.88
Diluted EPS	-6.24	3.31	20.7	9.23	2.18	4.39	1.75	45.6	4.1	3.86

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	740.7M	692.2M	718.5M	779.4M	773.7M	700.2M	675.7M	699.6M	733.5M	677M	708.9M	753.3M
Cost of revenue	496.3M	447.3M	445.1M	476.6M	485.6M	442.4M	422.3M	435.5M	476.9M	435.4M	438.6M	382.9M
Gross profit	244.4M	244.9M	273.4M	302.8M	288.1M	257.8M	253.4M	264.1M	256.6M	241.6M	270.3M	370.4M
Gross margin	33%	35.4%	38.1%	38.9%	37.2%	36.8%	37.5%	37.8%	35%	35.7%	38.1%	49.2%
Research & development	5.9M	—	—	—	—	5.7M	5.9M	5.5M	—	5M	5.7M	6.2M
Selling, general & administrative	222.3M	219.9M	223.5M	255.1M	263.9M	202.1M	206.1M	212.8M	261.6M	205.7M	212.1M	237.5M
Operating expenses	228.2M	219.9M	223.5M	255.1M	263.9M	207.8M	212M	218.3M	261.6M	210.7M	217.8M	243.7M
Operating income	16.2M	25M	49.9M	47.7M	24.2M	50M	41.4M	45.8M	12.1M	30.9M	52.5M	126.7M
Operating margin	2.19%	3.61%	6.95%	6.12%	3.13%	7.14%	6.13%	6.55%	1.65%	4.56%	7.41%	16.8%
Non-operating income, net	4.2M	700K	24.9M	-3.9M	-3.8M	-10M	-22.9M	-16M	12.6M	-4.2M	-8.9M	-111.2M
Pretax income	30M	29.9M	75.4M	41.5M	16.9M	36.4M	11.4M	22M	17.4M	20.5M	36.8M	8.5M
Income tax	-23.5M	12.4M	25.5M	22.4M	4M	11.8M	9.6M	1.5M	-35.9M	-8.9M	14.3M	28.8M
Net income	16.4M	29.2M	60.9M	6M	28.8M	23.8M	1.2M	19.7M	55.7M	28.4M	22.1M	-21.5M
Net margin	2.21%	4.22%	8.48%	0.77%	3.72%	3.4%	0.18%	2.82%	7.59%	4.19%	3.12%	-2.85%
EBITDA	68.8M	69.9M	91.8M	84.7M	51.3M	72.4M	65.3M	70M	31.9M	56.9M	77.3M	152.3M
EPS	0.47	0.85	2.03	0.21	1.02	0.84	0.03	0.8	2.31	1.21	0.95	-1.16
Diluted EPS	0.47	0.85	2.01	0.21	1.01	0.84	0.03	0.8	2.29	1.21	0.94	-1.16

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.1B	3.1B	—	—	—	4.1B	1.6B	3.1B	—	—	1.9B
Enterprise value	8.1B	8.5B	—	—	—	6.4B	4.6B	2.9B	—	—	2.5B
Shares outstanding	31.9M	32.1M	36.9M	50.7M	44.7M	42.7M	40.9M	39.5M	30.3M	25.7M	25.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	11.3	—	—	—	21.5	22	1.72	—	—	26.4
P/S	1.02	0.83	—	—	—	1.36	0.51	1.06	—	—	0.68
P/B	1.7	1.59	—	—	—	2.76	1.26	1.23	—	—	1.06
EV/EBITDA	15.5	17	—	—	—	29	57.1	19.2	—	—	8.91
EV/Sales	2.68	2.3	—	—	—	2.15	1.46	0.99	—	—	0.87
Earnings yield	—	8.84%	—	—	—	4.64%	4.55%	58.2%	—	—	3.79%
FCF yield	27.6%	24.6%	—	—	—	5.99%	-7.38%	-15.1%	—	—	12.3%
PEG	—	—	—	—	—	—	—	—	—	—	-0.11

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	41%	36.1%	35%	33.5%	33.5%	34.5%	31.6%	31.7%	37.4%	36.7%	49.2%
Operating margin	13%	9.67%	9.1%	3.2%	2.27%	3.24%	-0.17%	0.85%	5.09%	5.32%	8.75%
Net margin	-1.12%	7.37%	22.9%	20.3%	3.76%	6.32%	2.32%	61.7%	4.21%	3.57%	2.76%
ROE	-1.87%	14%	54.9%	28.7%	6.96%	12.8%	5.73%	71.6%	5.83%	5.26%	4.46%
ROA	-0.1%	0.76%	11.2%	9.45%	1.93%	3.55%	1.26%	34.3%	3.25%	2.97%	3.2%
ROIC	5.76%	4.86%	6.09%	2.27%	1.78%	2.53%	-0.13%	1.07%	3.78%	6.12%	9.5%
Return on tangible assets	-0.14%	0.97%	54.3%	-116.8%	5.6%	15.8%	4.96%	126.1%	94.8%	-43.8%	33.1%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.41	1.09	2.78	1.46	1.83	2.5	2.72	3.83	2.3	2.26	2.41
Quick ratio	0.81	1.07	2.37	0.97	1.49	2.02	2.07	3.22	1.62	1.41	1.61
Debt / equity	3.04	2.93	2.93	1.36	1.74	1.72	2.53	0.66	0.3	0.34	0.39
Debt / assets	0.16	0.16	0.6	0.45	0.48	0.48	0.56	0.31	0.17	0.19	0.21
Net debt / EBITDA	9.63	10.9	8.62	9.46	12.3	10.6	37.2	-1.37	0.93	2.21	1.54
Interest coverage	1.03	0.91	0.86	-1.24	0.73	0.9	0.09	-1.5	3.8	3.91	3.75
Effective tax rate	0%	0%	0%	0%	0%	0%	0%	0%	39.3%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	95.3	115.6	103.2	48.3	58.7	70.2	76.6	73.9	97.8	109.3	122.9
EPS (basic)	-6.24	3.31	20.8	9.23	2.19	4.44	1.75	45.6	4.12	3.88	3.88
EPS (diluted)	-6.24	3.31	20.7	9.23	2.18	4.39	1.75	45.6	4.1	3.86	3.22
Book value per share	57	60.7	43.1	34.1	31.7	34.6	31	63.8	70.7	74.3	80.4
FCF per share	26.7	23.7	7.5	-0.78	5.51	5.73	-2.88	-11.9	3.91	6.43	12.6
Cash per share	14.6	8.43	15	12.4	11.9	4.4	5.96	47	12.2	4.81	11.3
Capex per share	1.3	2.41	1.94	0.76	0.89	1.02	1.56	1.28	1.45	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.36%	2.08%	1.88%	1.57%	1.52%	1.45%	2.04%	1.73%	1.48%	—	—
Capex / operating cash flow	13.1%	84.3%	66.7%	-28.2%	47.3%	-426.5%	-35.1%	-47.5%	28.4%	—	—
Payout ratio	0%	0%	42.9%	17.2%	76.3%	37.7%	94.4%	3.69%	40.5%	48%	58.4%
Dividend yield	0%	0%	—	—	—	1.75%	4.3%	2.15%	—	—	2.27%

Yield

2.27%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.47

ex-dividend Aug 25, 2026

Payout ratio

58%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 25, 2026	$0.47
May 26, 2026	$0.47
Feb 17, 2026	$0.47

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$740.7M	$692.2M	$718.5M	$779.4M	$773.7M	$700.2M	$675.7M	$699.6M	$733.5M	$677M	$708.9M	$753.3M
YoY change	-1.17%	-2.96%	-1.47%	+5.97%	+4.46%	+1.16%	-5.96%	-10.2%	-5.2%	-3.31%	+4.91%	+7.68%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	465.2M	270.1M	552.5M	627.1M	531.6M	187.9M	243.7M	1.9B	368.9M	123.6M
Receivables	482.6M	266M	317.1M	356.7M	299.8M	248.4M	247.4M	477.1M	635.4M	521.7M
Inventory	740.6M	496.3M	583.6M	548.4M	318.6M	562.8M	780.6M	462.8M	462.1M	446.1M
Total current assets	1.7B	30B	4B	1.7B	1.7B	2.9B	3.2B	2.9B	1.6B	1.2B
Property, plant & equipment	543.4M	705M	500M	452.9M	313.6M	316.7M	422M	385.9M	368.5M	328.5M
Goodwill & intangibles	9.7B	7.8B	6.2B	5.7B	3.3B	4.1B	4.3B	3.8B	3.7B	3.6B
Total assets	33.6B	35.8B	7.8B	5.2B	5.1B	5.3B	5.8B	5.3B	3.8B	3.4B
Accounts payable	581.3M	373.1M	584.7M	456.8M	362.5M	388.6M	453.1M	396.6M	397.3M	283.7M
Short-term debt	258M	161.4M	26.9M	136.9M	13.9M	12M	12.3M	8.6M	9.4M	43.5M
Total current liabilities	1.2B	27.6B	1.4B	1.1B	944.9M	1.2B	1.2B	764.8M	687.1M	523.2M
Long-term debt	5.3B	5.5B	4.6B	2.2B	2.5B	2.5B	3.2B	1.6B	638.4M	610.7M
Total liabilities	31.8B	33.9B	6.2B	3.5B	3.7B	3.9B	4.5B	2.7B	1.7B	1.5B
Shareholders' equity	1.8B	1.9B	1.6B	1.7B	1.4B	1.5B	1.3B	2.5B	2.1B	1.9B
Total debt	5.5B	5.7B	4.7B	2.4B	2.5B	2.6B	3.2B	1.7B	647.8M	654.2M
Net debt	5.1B	5.4B	4.1B	1.7B	1.9B	2.4B	3B	897.2M	278.9M	530.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	1.9B	1.4B	1.2B	306.8M	368.9M	179.9M	96M	122M	123.6M	126.6M	125.1M	258.9M
Receivables	477.1M	535.1M	601.3M	619.2M	635.4M	615.2M	584.6M	604.4M	521.7M	517M	560.5M	580.9M
Inventory	462.8M	457M	454.3M	439.9M	462.1M	507.4M	542.6M	507.5M	446.1M	450.8M	487.1M	499.6M
Total current assets	2.9B	2.5B	2.5B	1.5B	1.6B	1.4B	1.3B	1.3B	1.2B	1.2B	1.3B	1.5B
Property, plant & equipment	385.9M	376.1M	388.7M	371.9M	368.5M	350.3M	344.3M	331.4M	328.5M	360.5M	361.1M	351M
Goodwill & intangibles	3.8B	3.8B	3.7B	3.7B	3.7B	3.6B	3.6B	3.6B	3.6B	3.6B	3.6B	3.3B
Total assets	5.3B	4.8B	4.8B	3.8B	3.8B	3.6B	3.5B	3.5B	3.4B	3.4B	3.5B	3.6B
Accounts payable	396.6M	382.7M	375.5M	369.4M	397.3M	361.6M	363.7M	337.6M	283.7M	334M	348.7M	360.3M
Short-term debt	8.6M	8.8M	9M	9.1M	9.4M	9.2M	9.5M	42.6M	43.5M	31.8M	32.9M	32.2M
Total current liabilities	764.8M	749.3M	658.9M	654.1M	687.1M	587.2M	573.1M	553.1M	523.2M	542.2M	554.3M	621.8M
Long-term debt	1.6B	1.5B	1.5B	643.6M	638.4M	628.6M	706.3M	717.3M	610.7M	665.8M	692.6M	716M
Total liabilities	2.7B	2.5B	2.5B	1.7B	1.7B	1.6B	1.7B	1.6B	1.5B	1.5B	1.6B	1.7B
Shareholders' equity	2.5B	2.3B	2.3B	2.1B	2.1B	2B	1.9B	1.9B	1.9B	1.9B	1.9B	1.8B
Total debt	1.7B	1.5B	1.5B	652.7M	647.8M	637.8M	715.8M	759.9M	654.2M	697.6M	725.5M	748.2M
Net debt	897.2M	1B	739M	495M	278.9M	457.9M	619.8M	637.9M	530.6M	571M	600.4M	489.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	67.6M	-16.1M	206.9M	-302.2M	-52.4M	15.3M	-77M	-233.7M	99.3M	100.2M
Depreciation & amortization	120.4M	147.3M	124.6M	147.3M	114.6M	117M	99.3M	91.2M	101.8M	98M
Stock-based compensation	70.8M	54.2M	8.8M	44.2M	31.8M	28.9M	10.2M	17.2M	17.5M	20.5M
Change in working capital	104.3M	-84.6M	-71.6M	-37.4M	-41.7M	-127.8M	-156.5M	205.6M	-72.7M	169.8M
Operating cash flow	316.4M	91.6M	107.5M	-135.9M	84.4M	-10.2M	-181.7M	-106.5M	154.7M	203.6M
Capital expenditure	-41.4M	-77.2M	-71.7M	-38.3M	-39.9M	-43.5M	-63.8M	-50.6M	-44M	—
Investing cash flow	156.4M	-338.5M	-72.2M	-38.6M	121.6M	-400.7M	-335.9M	-1.1B	1B	-100K
Dividends paid	0	0	-374.2M	-85.5M	-75.2M	-71.5M	-68.6M	-66.5M	-50.6M	-48.2M
Share repurchases	-52M	-252.5M	-288M	-268.5M	-364.8M	-125.8M	-134M	-534.7M	-482.7M	-326.4M
Financing cash flow	-727M	-288.4M	-198.7M	-2.7B	-495.1M	-206.9M	490.7M	-2.3B	-1.6B	-401.2M
Net change in cash	-254.2M	-535.3M	-163.4M	-2.9B	-289.1M	-617.8M	-26.9M	-3.5B	-375.4M	-197.7M
Free cash flow	852.3M	758.4M	276.6M	-39.3M	246.2M	244.8M	-117.8M	-468.7M	118.6M	165.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	53.5M	17.5M	49.9M	19M	12.9M	24.6M	1.8M	20.5M	53.3M	29.4M	22.5M	-20.3M
Depreciation & amortization	23.6M	25.5M	25.5M	25.3M	25.5M	24.5M	24.5M	25.1M	23.9M	25.8M	24.2M	24.8M
Stock-based compensation	4.7M	3.9M	4.5M	4.5M	4.6M	4.7M	5.2M	4.8M	5.8M	4.3M	6M	6M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	4.3M	43.1M	87.8M	42.4M	44.4M	52.8M	28.4M	81.8M	171.1M	67.4M	10.2M	83.3M
Capital expenditure	-9.3M	-8.4M	-12.5M	-10.1M	-13M	-5.9M	-9.2M	—	—	—	—	—
Investing cash flow	-4.3B	133.6M	437.5M	340.9M	163.1M	-5.9M	-9.2M	0	0	—	—	—
Dividends paid	-14.9M	-14.1M	-12.7M	-12M	-11.8M	-13.2M	-12.1M	-11.6M	-11.3M	-10.9M	-10.9M	-10.8M
Share repurchases	-34.7M	-243M	-97.5M	-142.2M	0	-72.9M	-159.9M	-54.4M	-39.2M	-35.5M	-6.8M	-18.5M
Financing cash flow	-557M	-439.8M	-114M	-1B	-14.3M	-97.3M	-180.7M	-50M	-156.2M	-57.6M	-24.4M	-1M
Net change in cash	-4.9B	-263.1M	411.3M	-626.8M	193.2M	-50.4M	-161.5M	31.8M	14.9M	9.8M	-14.2M	82.3M
Free cash flow	-528.7M	-12.7M	-9M	72.6M	67.7M	-78.3M	13.9M	71.8M	157.9M	59.3M	900K	73.5M

Date	Ratio
Jul 16, 2018	162:1000
Apr 7, 2005	8:1
Jan 31, 2001	1:10
May 3, 1994	1:5
Jan 16, 1981	2:1
Oct 15, 1979	102:100
Jul 9, 1979	102:100
Apr 6, 1979	102:100
Jan 15, 1979	102:100

Spectrum Brands Holdings Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history