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Side-by-side financial comparison of Celsius Holdings, Inc. (CELH) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
Celsius Holdings, Inc. is the larger business by last-quarter revenue ($721.6M vs $430.0M, roughly 1.7× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 3.4%, a 4.2% gap on every dollar of revenue. On growth, Celsius Holdings, Inc. posted the faster year-over-year revenue change (117.2% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $-130.0M). Over the past eight quarters, Celsius Holdings, Inc.'s revenue compounded faster (42.4% CAGR vs 10.7%).
Celsius Holdings, Inc. is an American company that produces a range of fitness and energy drinks under the brand name Celsius. The company's products are marketed as healthy, to which the CEO attributes the brand's success.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
CELH vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $721.6M | $430.0M |
| Net Profit | $24.7M | $32.8M |
| Gross Margin | 47.4% | 75.2% |
| Operating Margin | 3.6% | 8.6% |
| Net Margin | 3.4% | 7.6% |
| Revenue YoY | 117.2% | -9.6% |
| Net Profit YoY | 231.1% | — |
| EPS (diluted) | $0.04 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $721.6M | $504.3M | ||
| Q3 25 | $725.1M | $381.4M | ||
| Q2 25 | $739.3M | $384.5M | ||
| Q1 25 | $329.3M | $475.6M | ||
| Q4 24 | $332.2M | $490.8M | ||
| Q3 24 | $265.7M | $325.1M | ||
| Q2 24 | $402.0M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $24.7M | $234.6M | ||
| Q3 25 | $-61.0M | $43.4M | ||
| Q2 25 | $99.9M | $30.1M | ||
| Q1 25 | $44.4M | $85.4M | ||
| Q4 24 | $-18.9M | $119.1M | ||
| Q3 24 | $6.4M | $-14.4M | ||
| Q2 24 | $79.8M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 47.4% | 79.5% | ||
| Q3 25 | 51.3% | 72.2% | ||
| Q2 25 | 51.5% | 71.5% | ||
| Q1 25 | 52.3% | 78.5% | ||
| Q4 24 | 50.2% | 79.1% | ||
| Q3 24 | 46.0% | 70.2% | ||
| Q2 24 | 52.0% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 3.6% | 20.7% | ||
| Q3 25 | -11.0% | 3.8% | ||
| Q2 25 | 19.3% | 4.5% | ||
| Q1 25 | 15.8% | 26.7% | ||
| Q4 24 | -5.6% | 29.1% | ||
| Q3 24 | -1.2% | -3.6% | ||
| Q2 24 | 23.4% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 3.4% | 46.5% | ||
| Q3 25 | -8.4% | 11.4% | ||
| Q2 25 | 13.5% | 7.8% | ||
| Q1 25 | 13.5% | 18.0% | ||
| Q4 24 | -5.7% | 24.3% | ||
| Q3 24 | 2.4% | -4.4% | ||
| Q2 24 | 19.8% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.04 | $0.81 | ||
| Q3 25 | $-0.27 | $0.24 | ||
| Q2 25 | $0.33 | $0.17 | ||
| Q1 25 | $0.15 | $0.91 | ||
| Q4 24 | $-0.10 | $1.35 | ||
| Q3 24 | $0.00 | $-0.17 | ||
| Q2 24 | $0.28 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $398.9M | $270.0M |
| Total DebtLower is stronger | $676.9M | — |
| Stockholders' EquityBook value | $1.2B | $705.9M |
| Total Assets | $5.1B | $1.6B |
| Debt / EquityLower = less leverage | 0.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $398.9M | $425.8M | ||
| Q3 25 | $806.0M | $351.4M | ||
| Q2 25 | $615.2M | $411.6M | ||
| Q1 25 | $977.3M | $371.7M | ||
| Q4 24 | $890.2M | $740.0M | ||
| Q3 24 | $903.7M | $703.0M | ||
| Q2 24 | $903.2M | $665.1M |
| Q1 26 | — | — | ||
| Q4 25 | $676.9M | — | ||
| Q3 25 | $870.5M | — | ||
| Q2 25 | $871.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $1.2B | $787.4M | ||
| Q3 25 | $1.2B | $596.8M | ||
| Q2 25 | $1.3B | $624.5M | ||
| Q1 25 | $443.1M | $611.3M | ||
| Q4 24 | $399.9M | $585.5M | ||
| Q3 24 | $423.6M | $473.0M | ||
| Q2 24 | $415.8M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $5.1B | $1.6B | ||
| Q3 25 | $5.3B | $1.3B | ||
| Q2 25 | $3.8B | $1.3B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.7B | $1.6B | ||
| Q2 24 | $1.7B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-119.4M | — |
| Free Cash FlowOCF − Capex | $-130.0M | $206.5M |
| FCF MarginFCF / Revenue | -18.0% | 48.0% |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | -4.83× | — |
| TTM Free Cash FlowTrailing 4 quarters | $323.4M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-119.4M | $158.4M | ||
| Q3 25 | $331.8M | $56.3M | ||
| Q2 25 | $43.7M | $86.3M | ||
| Q1 25 | $103.4M | $204.2M | ||
| Q4 24 | $75.7M | $95.2M | ||
| Q3 24 | $12.9M | $30.5M | ||
| Q2 24 | $39.6M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $-130.0M | $152.4M | ||
| Q3 25 | $321.5M | $51.8M | ||
| Q2 25 | $35.5M | $84.1M | ||
| Q1 25 | $96.4M | $202.3M | ||
| Q4 24 | $70.3M | $92.4M | ||
| Q3 24 | $8.7M | $27.4M | ||
| Q2 24 | $30.4M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | -18.0% | 30.2% | ||
| Q3 25 | 44.3% | 13.6% | ||
| Q2 25 | 4.8% | 21.9% | ||
| Q1 25 | 29.3% | 42.5% | ||
| Q4 24 | 21.2% | 18.8% | ||
| Q3 24 | 3.3% | 8.4% | ||
| Q2 24 | 7.6% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 1.2% | ||
| Q3 25 | 1.4% | 1.2% | ||
| Q2 25 | 1.1% | 0.6% | ||
| Q1 25 | 2.1% | 0.4% | ||
| Q4 24 | 1.6% | 0.6% | ||
| Q3 24 | 1.6% | 0.9% | ||
| Q2 24 | 2.3% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | -4.83× | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | 0.44× | 2.87× | ||
| Q1 25 | 2.33× | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 0.50× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CELH
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
