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Side-by-side financial comparison of Spectrum Brands Holdings, Inc. (SPB) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
Spectrum Brands Holdings, Inc. is the larger business by last-quarter revenue ($677.0M vs $490.7M, roughly 1.4× OLYMPIC STEEL INC). Spectrum Brands Holdings, Inc. runs the higher net margin — 4.2% vs 0.4%, a 3.8% gap on every dollar of revenue. On growth, OLYMPIC STEEL INC posted the faster year-over-year revenue change (4.4% vs -3.3%). Spectrum Brands Holdings, Inc. produced more free cash flow last quarter ($59.3M vs $-12.9M). Over the past eight quarters, OLYMPIC STEEL INC's revenue compounded faster (0.1% CAGR vs -2.9%).
Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
SPB vs ZEUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $677.0M | $490.7M |
| Net Profit | $28.4M | $2.2M |
| Gross Margin | 35.7% | — |
| Operating Margin | 4.0% | 1.5% |
| Net Margin | 4.2% | 0.4% |
| Revenue YoY | -3.3% | 4.4% |
| Net Profit YoY | 20.9% | -21.2% |
| EPS (diluted) | $1.21 | $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.
| Q4 25 | $677.0M | — | ||
| Q3 25 | $733.5M | $490.7M | ||
| Q2 25 | $699.6M | $496.5M | ||
| Q1 25 | $675.7M | $492.9M | ||
| Q4 24 | $700.2M | $418.8M | ||
| Q3 24 | $773.8M | $470.0M | ||
| Q2 24 | $779.4M | $526.3M | ||
| Q1 24 | $718.5M | $526.6M |
| Q4 25 | $28.4M | — | ||
| Q3 25 | $55.6M | $2.2M | ||
| Q2 25 | $19.9M | $5.2M | ||
| Q1 25 | $900.0K | $2.5M | ||
| Q4 24 | $23.5M | $3.9M | ||
| Q3 24 | $28.5M | $2.7M | ||
| Q2 24 | $6.1M | $7.7M | ||
| Q1 24 | $61.1M | $8.7M |
| Q4 25 | 35.7% | — | ||
| Q3 25 | 35.0% | — | ||
| Q2 25 | 37.8% | — | ||
| Q1 25 | 37.5% | — | ||
| Q4 24 | 36.8% | — | ||
| Q3 24 | 37.2% | — | ||
| Q2 24 | 38.9% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | 4.0% | — | ||
| Q3 25 | 4.0% | 1.5% | ||
| Q2 25 | 4.5% | 2.3% | ||
| Q1 25 | 2.9% | 1.6% | ||
| Q4 24 | 6.4% | 2.1% | ||
| Q3 24 | 2.8% | 1.7% | ||
| Q2 24 | 6.1% | 2.9% | ||
| Q1 24 | 10.6% | 3.0% |
| Q4 25 | 4.2% | — | ||
| Q3 25 | 7.6% | 0.4% | ||
| Q2 25 | 2.8% | 1.1% | ||
| Q1 25 | 0.1% | 0.5% | ||
| Q4 24 | 3.4% | 0.9% | ||
| Q3 24 | 3.7% | 0.6% | ||
| Q2 24 | 0.8% | 1.5% | ||
| Q1 24 | 8.5% | 1.7% |
| Q4 25 | $1.21 | — | ||
| Q3 25 | $2.19 | $0.18 | ||
| Q2 25 | $0.80 | $0.45 | ||
| Q1 25 | $0.03 | $0.21 | ||
| Q4 24 | $0.84 | $0.33 | ||
| Q3 24 | $1.03 | $0.23 | ||
| Q2 24 | $0.21 | $0.66 | ||
| Q1 24 | $2.01 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $126.6M | $7.5M |
| Total DebtLower is stronger | — | $240.9M |
| Stockholders' EquityBook value | $1.9B | $579.1M |
| Total Assets | $3.4B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.6M | — | ||
| Q3 25 | $123.6M | $7.5M | ||
| Q2 25 | $122.0M | $14.8M | ||
| Q1 25 | $96.0M | $13.3M | ||
| Q4 24 | $179.9M | $11.9M | ||
| Q3 24 | $368.9M | $11.1M | ||
| Q2 24 | $306.8M | $9.4M | ||
| Q1 24 | $1.2B | $10.3M |
| Q4 25 | — | — | ||
| Q3 25 | $496.1M | $240.9M | ||
| Q2 25 | — | $233.2M | ||
| Q1 25 | — | $235.4M | ||
| Q4 24 | — | $272.5M | ||
| Q3 24 | $496.1M | $197.3M | ||
| Q2 24 | — | $209.2M | ||
| Q1 24 | — | $196.8M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $579.1M | ||
| Q2 25 | $1.9B | $578.2M | ||
| Q1 25 | $1.9B | $574.2M | ||
| Q4 24 | $2.0B | $573.9M | ||
| Q3 24 | $2.1B | $570.6M | ||
| Q2 24 | $2.1B | $569.5M | ||
| Q1 24 | $2.3B | $563.0M |
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.4B | $1.1B | ||
| Q2 25 | $3.5B | $1.1B | ||
| Q1 25 | $3.5B | $1.1B | ||
| Q4 24 | $3.6B | $1.0B | ||
| Q3 24 | $3.8B | $1.0B | ||
| Q2 24 | $3.8B | $1.0B | ||
| Q1 24 | $4.8B | $1.0B |
| Q4 25 | — | — | ||
| Q3 25 | 0.26× | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | 0.23× | 0.35× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.35× |
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 | $67.4M | $-5.4M |
| Free Cash FlowOCF − Capex | $59.3M | $-12.9M |
| FCF MarginFCF / Revenue | 8.8% | -2.6% |
| Capex IntensityCapex / Revenue | 1.2% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.37× | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | $302.9M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.4M | — | ||
| Q3 25 | $171.1M | $-5.4M | ||
| Q2 25 | $81.8M | $15.5M | ||
| Q1 25 | $23.1M | $49.4M | ||
| Q4 24 | $-72.4M | $14.6M | ||
| Q3 24 | $80.7M | $24.6M | ||
| Q2 24 | $82.7M | $-2.9M | ||
| Q1 24 | $3.5M | $-2.6M |
| Q4 25 | $59.3M | — | ||
| Q3 25 | $157.9M | $-12.9M | ||
| Q2 25 | $71.8M | $6.8M | ||
| Q1 25 | $13.9M | $40.6M | ||
| Q4 24 | $-78.3M | $7.4M | ||
| Q3 24 | $67.7M | $15.6M | ||
| Q2 24 | $72.6M | $-11.3M | ||
| Q1 24 | $-9.0M | $-7.4M |
| Q4 25 | 8.8% | — | ||
| Q3 25 | 21.5% | -2.6% | ||
| Q2 25 | 10.3% | 1.4% | ||
| Q1 25 | 2.1% | 8.2% | ||
| Q4 24 | -11.2% | 1.8% | ||
| Q3 24 | 8.7% | 3.3% | ||
| Q2 24 | 9.3% | -2.2% | ||
| Q1 24 | -1.3% | -1.4% |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.8% | 1.5% | ||
| Q2 25 | 1.4% | 1.7% | ||
| Q1 25 | 1.4% | 1.8% | ||
| Q4 24 | 0.8% | 1.7% | ||
| Q3 24 | 1.7% | 1.9% | ||
| Q2 24 | 1.3% | 1.6% | ||
| Q1 24 | 1.7% | 0.9% |
| Q4 25 | 2.37× | — | ||
| Q3 25 | 3.08× | -2.50× | ||
| Q2 25 | 4.11× | 2.96× | ||
| Q1 25 | 25.67× | 19.70× | ||
| Q4 24 | -3.08× | 3.75× | ||
| Q3 24 | 2.83× | 9.01× | ||
| Q2 24 | 13.56× | -0.38× | ||
| Q1 24 | 0.06× | -0.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SPB
| HPC Segment | $321.5M | 47% |
| Global Pet Supplies | $168.7M | 25% |
| Home And Personal Care | $109.8M | 16% |
| HG Segment | $73.9M | 11% |
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
