Financials

Spectrum Brands Holdings Inc. financials

SPB Household Products

Spectrum Brands Holdings Inc. is a diversified consumer products company headquartered in Middleton, Wisconsin, known for key brands such as Rayovac, Remington, and Tetra. Led by CEO Diego Piacentini since 2019, the company designs, manufactures, and markets a wide range of household and pet care products distributed globally. Spectrum Brands is actively pursuing digital growth, innovative product development, and operational improvements to strengthen its competitive market position.

Snapshot

Spectrum Brands Holdings Inc. reported $2.81B in revenue in fiscal 2025, up -5.2% year over year, with an operating margin of 4.4%.

Revenue (FY2025): $2.81B
YoY growth: +-5.2%
Operating margin: 4.4%
Direction: Expanding

Financial statements

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenues	2,809,000	2,963,900	2,918,800	3,132,500
Cost of Sales	1,777,100	1,854,600	1,994,500	2,142,100
Gross Profit	1,031,900	1,109,300	924,300	990,400
Selling, General & Administrative Expenses	882,600	953,400	888,800	995,700
Other Operating Expenses	24,400	115,300	244,100	28,500
Operating Profit	124,900	170,600	(205,600)	23,200
Interest and Investment Income	4,200	57,500	38,300	2,600
Interest Expense	(30,000)	(58,500)	(116,100)	(99,400)
Non-Operating Income	(11,900)	(6,000)	(6,800)	(14,700)
Total Non-Operating Income	(37,700)	(7,000)	(84,600)	(111,500)
Income Before Provision for Income Taxes	87,200	163,600	(290,200)	(90,300)
Provision for Income Taxes	(13,000)	64,300	(56,500)	(13,300)
Consolidated Net Income	100,200	99,300	(233,700)	(77,000)
Net Income Attributable to Minority Interests and Other	500	—	100	200
Net Income Attributable to Discontinued Operations	200	25,500	2,035,900	150,600
Net Income Attributable to Common Shareholders	99,900	124,800	1,801,500	71,600
Basic EPS	3.88	3.28	-5.92	1.75
Diluted EPS	3.85	3.26	-5.92	1.75
Basic Weighted Average Shares Outstanding	25,700	30,300	39,500	40,900
Diluted Weighted Average Shares Outstanding	25,900	30,500	39,500	40,900
Shares Outstanding	23,800	28,100	35,300	40,800

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	123,600	368,900	753,900	243,700
Short-Term Investments	—	—	1,103,300	—
Total Cash and Cash Equivalents	123,600	368,900	1,857,200	243,700
Accounts Receivable	521,700	635,400	477,100	247,400
Other Receivables	50,900	70,700	84,500	95,700
Total Trade Receivables	572,600	706,100	561,600	343,100
Inventories	446,100	462,100	462,800	780,600
Other Current Assets	41,900	41,500	44,300	1,867,900
Total Current Assets	1,184,200	1,578,600	2,925,900	3,235,300
Net Property, Plant & Equipment	328,500	368,500	385,900	346,300
Net Intangible Assets	937,600	990,400	1,060,100	1,202,200
Goodwill	866,800	864,900	854,700	953,100
Other Long-Term Assets	62,500	39,900	31,800	38,700
Total Assets	3,379,600	3,842,300	5,258,400	5,775,600
Accounts Payable	283,700	397,300	396,600	453,100
Accrued Expenses	54,700	83,500	66,700	56,000
Current Portion of Long-Term Debt	11,700	9,400	8,600	12,300
Current Portion of Leases	31,800	31,300	—	—
Other Current Liabilities	141,300	165,600	292,900	666,700
Total Current Liabilities	523,200	687,100	764,800	1,188,100
Long-Term Debt	556,200	551,400	1,546,900	3,144,500
Leases	54,500	87,000	95,600	56,000
Other Long-Term Liabilities	336,000	375,100	332,800	117,900
Total Long-Term Liabilities	946,700	1,013,500	1,975,300	3,318,400
Total Liabilities	1,469,900	1,700,600	2,740,100	4,506,500
Common Stock	500	500	500	500
Treasury Stock	(2,136,300)	(1,812,700)	(1,250,300)	(828,800)
Additional Paid-in Capital	1,998,100	1,988,100	1,920,800	2,032,500
Accumulated Other Comprehensive Income	(171,900)	(204,000)	(249,400)	(303,100)
Retained Earnings	2,219,300	2,169,000	2,096,000	362,100
Total Common Shareholders' Equity	1,909,700	2,140,900	2,517,600	1,263,200
Minority Interests and Other	—	800	700	5,900
Total Shareholders' Equity	1,909,700	2,141,700	2,518,300	1,269,100
Total Liabilities and Shareholders' Equity	3,379,600	3,842,300	5,258,400	5,775,600

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	200,800	249,600	3,603,800	145,400
Depreciation & Amortization	98,000	101,800	91,200	99,300
Share-Based Compensation Expense	20,500	17,500	17,200	10,200
Other Adjustments	(31,000)	56,400	56,100	(57,700)
Changes in Trade Receivables	131,400	(116,500)	(224,200)	(12,200)
Changes in Inventories	18,100	8,500	328,300	(153,700)
Changes in Accrued Expenses	(154,600)	55,600	(154,500)	(15,000)
Changes in Other Operating Activities	21,500	47,200	127,600	(25,400)
Cash from Operating Activities	203,600	162,600	(409,700)	(53,800)
Capital Expenditure	(38,300)	(44,000)	(59,000)	(64,000)
Proceeds from Sale of Property, Plant & Equipment	—	—	8,400	200
Purchases of Investments	—	(849,300)	(1,092,000)	—
Proceeds from Sale of Investments	—	1,941,300	—	—
Payments for Business Acquisitions	—	—	—	(272,100)
Proceeds from Business Divestments	700	(26,900)	4,334,700	—
Other Investing Activities	(100)	100	(200)	—
Cash from Investing Activities	(37,700)	1,021,200	3,180,100	(359,800)
Issuance of Long-Term Debt	—	—	—	740,000
Repayments of Long-Term Debt	—	—	—	(12,700)
Net Issuance / (Repayments) of Long-Term Debt	—	—	—	727,300
Repurchases of Common Shares	—	—	—	(134,000)
Net Issuance / (Repurchases) of Common Shares	—	—	—	(134,000)
Common Share Dividends Paid	—	—	—	(68,600)
Other Financing Activities	—	—	—	(34,000)
Cash from Financing Activities	—	—	—	487,600
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—	—	—	(20,100)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	165,900	1,183,800	2,770,400	53,900

Key metrics

$1.25B

Market Cap

13.64x

P/E

0.45x

P/S

7.99x

EV/EBITDA

4.9%

Return on Equity

4.9%

Return on Invested Capital

2.26x

Current Ratio

0.0%

Dividend Yield

5.9%

Free Cash Flow Margin

Quarterly trend

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q2 2026	$709M	+4.9%	6.1%	$44M
Q1 2026	$677M	+-3.3%	4.0%	$27M
Q4 2025	$734M	+-5.2%	4.0%	$29M
Q3 2025	$700M	+-10.2%	4.5%	$31M
Q2 2025	$676M	—	2.9%	$20M
Q1 2025	$700M	—	6.4%	$45M
Q4 2024	$774M	—	2.8%	$22M
Q3 2024	$779M	—	6.1%	$48M

Margins

36.7%

Gross margin

4.4%

Operating margin

3.6%

Net margin

Snapshot

Financial statements

Key metrics

Quarterly trend

Margins

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