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Side-by-side financial comparison of Celsius Holdings, Inc. (CELH) and REED'S, INC. (REED). Click either name above to swap in a different company.
Celsius Holdings, Inc. is the larger business by last-quarter revenue ($721.6M vs $7.5M, roughly 96.5× REED'S, INC.). Celsius Holdings, Inc. runs the higher net margin — 3.4% vs -50.5%, a 54.0% gap on every dollar of revenue. On growth, Celsius Holdings, Inc. posted the faster year-over-year revenue change (117.2% vs -23.1%). REED'S, INC. produced more free cash flow last quarter ($-3.9M vs $-130.0M). Over the past eight quarters, Celsius Holdings, Inc.'s revenue compounded faster (42.4% CAGR vs -11.7%).
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.
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.
CELH vs REED — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $721.6M | $7.5M |
| Net Profit | $24.7M | $-3.8M |
| Gross Margin | 47.4% | 20.4% |
| Operating Margin | 3.6% | -46.9% |
| Net Margin | 3.4% | -50.5% |
| Revenue YoY | 117.2% | -23.1% |
| Net Profit YoY | 231.1% | 8.2% |
| EPS (diluted) | $0.04 | $-1.26 |
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.
| Q4 25 | $721.6M | $7.5M | ||
| Q3 25 | $725.1M | $7.0M | ||
| Q2 25 | $739.3M | $9.5M | ||
| Q1 25 | $329.3M | $10.0M | ||
| Q4 24 | $332.2M | $9.7M | ||
| Q3 24 | $265.7M | $6.8M | ||
| Q2 24 | $402.0M | $11.9M | ||
| Q1 24 | $355.7M | $9.6M |
| Q4 25 | $24.7M | $-3.8M | ||
| Q3 25 | $-61.0M | $-4.0M | ||
| Q2 25 | $99.9M | $-6.0M | ||
| Q1 25 | $44.4M | $-2.0M | ||
| Q4 24 | $-18.9M | $-4.1M | ||
| Q3 24 | $6.4M | $-4.2M | ||
| Q2 24 | $79.8M | $-3.2M | ||
| Q1 24 | $77.8M | $-1.7M |
| Q4 25 | 47.4% | 20.4% | ||
| Q3 25 | 51.3% | 17.4% | ||
| Q2 25 | 51.5% | 8.5% | ||
| Q1 25 | 52.3% | 33.9% | ||
| Q4 24 | 50.2% | 30.0% | ||
| Q3 24 | 46.0% | 18.0% | ||
| Q2 24 | 52.0% | 32.3% | ||
| Q1 24 | 51.2% | 35.6% |
| Q4 25 | 3.6% | -46.9% | ||
| Q3 25 | -11.0% | -58.3% | ||
| Q2 25 | 19.3% | -60.8% | ||
| Q1 25 | 15.8% | -17.4% | ||
| Q4 24 | -5.6% | -37.6% | ||
| Q3 24 | -1.2% | -46.5% | ||
| Q2 24 | 23.4% | -5.6% | ||
| Q1 24 | 23.4% | -6.8% |
| Q4 25 | 3.4% | -50.5% | ||
| Q3 25 | -8.4% | -56.6% | ||
| Q2 25 | 13.5% | -63.5% | ||
| Q1 25 | 13.5% | -20.3% | ||
| Q4 24 | -5.7% | -42.3% | ||
| Q3 24 | 2.4% | -61.5% | ||
| Q2 24 | 19.8% | -27.1% | ||
| Q1 24 | 21.9% | -17.4% |
| Q4 25 | $0.04 | $-1.26 | ||
| Q3 25 | $-0.27 | $-0.48 | ||
| Q2 25 | $0.33 | $-0.13 | ||
| Q1 25 | $0.15 | $-0.04 | ||
| Q4 24 | $-0.10 | $-3.73 | ||
| Q3 24 | $0.00 | $-4.91 | ||
| Q2 24 | $0.28 | $-0.77 | ||
| Q1 24 | $0.27 | $-0.40 |
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 | — |
| Total DebtLower is stronger | $676.9M | — |
| Stockholders' EquityBook value | $1.2B | $9.2M |
| Total Assets | $5.1B | $23.3M |
| Debt / EquityLower = less leverage | 0.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $398.9M | — | ||
| Q3 25 | $806.0M | — | ||
| Q2 25 | $615.2M | — | ||
| Q1 25 | $977.3M | — | ||
| Q4 24 | $890.2M | — | ||
| Q3 24 | $903.7M | — | ||
| Q2 24 | $903.2M | — | ||
| Q1 24 | $879.5M | — |
| Q4 25 | $676.9M | — | ||
| Q3 25 | $870.5M | — | ||
| Q2 25 | $871.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $9.2M | ||
| Q3 25 | $1.2B | $2.8M | ||
| Q2 25 | $1.3B | $1.7M | ||
| Q1 25 | $443.1M | $4.7M | ||
| Q4 24 | $399.9M | $6.6M | ||
| Q3 24 | $423.6M | $-22.0M | ||
| Q2 24 | $415.8M | $-23.8M | ||
| Q1 24 | $338.2M | $-20.7M |
| Q4 25 | $5.1B | $23.3M | ||
| Q3 25 | $5.3B | $19.9M | ||
| Q2 25 | $3.8B | $23.7M | ||
| Q1 25 | $1.9B | $24.5M | ||
| Q4 24 | $1.8B | $25.1M | ||
| Q3 24 | $1.7B | $15.0M | ||
| Q2 24 | $1.7B | $18.7M | ||
| Q1 24 | $1.6B | $19.3M |
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-3.8M |
| Free Cash FlowOCF − Capex | $-130.0M | $-3.9M |
| FCF MarginFCF / Revenue | -18.0% | -52.0% |
| Capex IntensityCapex / Revenue | 1.5% | 1.1% |
| Cash ConversionOCF / Net Profit | -4.83× | — |
| TTM Free Cash FlowTrailing 4 quarters | $323.4M | $-17.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-119.4M | $-3.8M | ||
| Q3 25 | $331.8M | $-2.8M | ||
| Q2 25 | $43.7M | $-5.0M | ||
| Q1 25 | $103.4M | $-5.4M | ||
| Q4 24 | $75.7M | $-3.9M | ||
| Q3 24 | $12.9M | $1.1M | ||
| Q2 24 | $39.6M | $-912.0K | ||
| Q1 24 | $134.6M | $-2.4M |
| Q4 25 | $-130.0M | $-3.9M | ||
| Q3 25 | $321.5M | $-2.9M | ||
| Q2 25 | $35.5M | $-5.1M | ||
| Q1 25 | $96.4M | $-5.4M | ||
| Q4 24 | $70.3M | $-4.0M | ||
| Q3 24 | $8.7M | $1.0M | ||
| Q2 24 | $30.4M | $-924.0K | ||
| Q1 24 | $130.1M | $-2.4M |
| Q4 25 | -18.0% | -52.0% | ||
| Q3 25 | 44.3% | -41.5% | ||
| Q2 25 | 4.8% | -53.2% | ||
| Q1 25 | 29.3% | -54.2% | ||
| Q4 24 | 21.2% | -40.8% | ||
| Q3 24 | 3.3% | 15.3% | ||
| Q2 24 | 7.6% | -7.8% | ||
| Q1 24 | 36.6% | -25.1% |
| Q4 25 | 1.5% | 1.1% | ||
| Q3 25 | 1.4% | 1.4% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 2.1% | 0.7% | ||
| Q4 24 | 1.6% | 1.0% | ||
| Q3 24 | 1.6% | 0.3% | ||
| Q2 24 | 2.3% | 0.1% | ||
| Q1 24 | 1.3% | 0.2% |
| Q4 25 | -4.83× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 2.33× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 1.73× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
