Consumer Defensive · Household & Personal Products
Price
$87.49
Market Cap
$2.0B
Employees
3,100
Beta
0.65
Avg Volume
357,395
CEO
David Maura
Business Description
Spectrum Brands Holdings, Inc. is a worldwide enterprise specializing in a diverse array of consumer brands. Its business is structured across three key segments. The Home and Personal Care division encompasses kitchen and household appliances, featuring labels such as Black & Decker, Russell Hobbs, and George Foreman, as well as personal grooming offerings like Remington and LumaBella. The Global Pet Care segment delivers a broad spectrum of products for household pets, spanning items for chewing, cleanup, nutrition, training, health, and grooming, from recognized brands including 8IN1, Dingo, Nature's Miracle, and FURminator, among many others. Additionally, this segment caters to aquatic hobbyists, offering tanks, equipment, and consumables under names such as Tetra and Marineland. Finally, the Home and Garden division addresses outdoor challenges with pest and weed control solutions, plus animal repellents, marketed under brands like Spectracide and Garden Safe. It also supplies indoor pest management products, notably Hot Shot and Black Flag. For household surfaces, it provides cleaning, maintenance, and restoration items, primarily under the Rejuvenate label. Furthermore, personal protection against insects comes from its Cutter and Repel product lines. Its extensive product portfolio reaches consumers globally via diverse sales channels, encompassing traditional retail stores, various e-commerce platforms, and a network of wholesalers and distributors. Founded in 2009, the corporation maintains its headquarters in Middleton, Wisconsin.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
22.55
Stock Price: $87.49
EPS (Diluted): 3.88
EPS (Diluted): 3.88
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.71
Stock Price: $87.49
Total Equity: $1.91B
Shares: 25,900,000
Total Equity: $1.91B
Shares: 25,900,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
8.74
Market Cap: $2.03B
Total Debt: $599.70M
Cash: $123.60M
EBITDA: $215.20M
Total Debt: $599.70M
Cash: $123.60M
EBITDA: $215.20M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.9B
Market Cap: $2.03B
Total Debt: $599.70M
Cash: $123.60M
Total Debt: $599.70M
Cash: $123.60M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
36.7%
Gross Profit: $1.03B
Revenue: $2.81B
Revenue: $2.81B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
4.4%
Operating Income: $124.90M
Revenue: $2.81B
Revenue: $2.81B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
3.6%
Net Income: $99.90M
Revenue: $2.81B
Revenue: $2.81B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
5.2%
Net Income: $99.90M
Total Equity: $1.91B
Total Equity: $1.91B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
6.0%
Operating Income: $124.90M
Tax Rate: -14.9%
Equity: $1.91B
Total Debt: $599.70M
Cash: $123.60M
Tax Rate: -14.9%
Equity: $1.91B
Total Debt: $599.70M
Cash: $123.60M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.26
Current Assets: $1.18B
Current Liabilities: $523.20M
Current Liabilities: $523.20M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.31
Short-Term Debt: $43.50M
Long-Term Debt: $556.20M
Total Debt: $599.70M
Total Equity: $1.91B
Long-Term Debt: $556.20M
Total Debt: $599.70M
Total Equity: $1.91B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$108.46
Revenue: $2.81B
Shares: 25,900,000
Shares: 25,900,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$73.73
Total Equity: $1.91B
Shares: 25,900,000
Shares: 25,900,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$6.40
Operating CF: $204.10M
CapEx: -$38.30M
Shares: 25,900,000
CapEx: -$38.30M
Shares: 25,900,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.6%
Last Dividend: N/A
Stock Price: $87.49
Stock Price: $87.49
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $99.90M
Net Income: $99.90M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares SPB against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.1B | $2.9B | $3.0B | $2.8B |
| Cost of Revenue | $2.0B | $2.1B | $2.0B | $1.9B | $1.8B |
| Gross Profit | $1.0B | $990.5M | $924.8M | $1.1B | $1.0B |
| Operating Expenses | $939.4M | $967.3M | $1.1B | $938.7M | $907.0M |
| Operating Income | $97.1M | $23.2M | -$205.6M | $170.6M | $124.9M |
| Net Income | $189.6M | $71.6M | $1.8B | $124.8M | $99.9M |
| EBITDA | $253.4M | $104.0M | -$72.0M | $284.9M | $215.2M |
| EPS | $4.44 | $1.75 | $45.65 | $4.12 | $3.88 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $187.9M | $243.7M | $753.9M | $368.9M | $123.6M |
| Total Current Assets | $2.9B | $3.2B | $2.9B | $1.6B | $1.2B |
| Total Assets | $5.3B | $5.8B | $5.3B | $3.8B | $3.4B |
| Current Liabilities | $1.2B | $1.2B | $764.8M | $687.1M | $523.2M |
| Long-Term Debt | $2.5B | $3.1B | $1.5B | $551.4M | $556.2M |
| Total Liabilities | $3.9B | $4.5B | $2.7B | $1.7B | $1.5B |
| Total Equity | $1.5B | $1.3B | $2.5B | $2.1B | $1.9B |
| Retained Earnings | $359.9M | $362.1M | $2.1B | $2.2B | $2.2B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $288.4M | -$53.8M | -$409.7M | $162.6M | $204.1M |
| Capital Expenditure | -$43.6M | -$64.0M | -$59.0M | -$44.0M | -$38.3M |
| Free Cash Flow | $244.8M | -$117.8M | -$468.7M | $118.6M | $165.8M |
| Acquisitions (net) | -$429.9M | -$272.1M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$125.8M | -$134.0M | -$534.7M | -$482.7M | -$326.4M |
| Net Change in Cash | -$343.7M | $53.9M | $510.0M | -$383.4M | -$245.3M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 7:34pm (13h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$2.9B $2.9B – $2.9B
|
$2.9B $2.9B – $2.9B
|
$3.1B $3.1B – $3.1B
|
$3.2B $3.1B – $3.2B
|
| EBITDA |
$288.4M $284.4M – $290.4M
|
$291.2M $291.2M – $291.2M
|
$307.6M $304.6M – $310.8M
|
$315.5M $312.4M – $318.7M
|
| Net Income |
$141.4M $138.6M – $144.3M
|
$159.5M $157.4M – $161.6M
|
$231.0M $228.1M – $234.1M
|
$293.2M $289.5M – $297.1M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +4.5% | -6.8% | +1.5% | -5.2% |
| Gross Profit Growth | -4.4% | -6.6% | +20.0% | -7.0% |
| Operating Income Growth | -76.1% | -986.2% | +183.0% | -26.8% |
| Net Income Growth | -62.2% | +2,416.1% | -93.1% | -20.0% |
| EBITDA Growth | -59.0% | -169.2% | +495.7% | -24.5% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-26 | $0.47 | 2026-05-05 | 2026-05-26 | 2026-06-16 |
| 2026-02-17 | $0.47 | 2026-02-03 | 2026-02-17 | 2026-03-10 |
| 2025-11-24 | $0.47 | 2025-11-11 | 2025-11-24 | 2025-12-09 |
| 2025-08-26 | $0.47 | 2025-08-05 | 2025-08-26 | 2025-09-23 |
| 2025-05-27 | $0.47 | 2025-05-06 | 2025-05-27 | 2025-06-17 |
| 2025-02-18 | $0.47 | 2025-02-04 | 2025-02-18 | 2025-03-11 |
| 2024-11-26 | $0.47 | 2024-11-13 | 2024-11-26 | 2024-12-17 |
| 2024-08-27 | $0.42 | 2024-08-06 | 2024-08-27 | 2024-09-24 |
| 2024-05-24 | $0.42 | 2024-05-07 | 2024-05-28 | 2024-06-18 |
| 2024-02-16 | $0.42 | 2024-02-06 | 2024-02-20 | 2024-03-12 |
| 2023-11-29 | $0.42 | 2023-11-14 | 2023-11-30 | 2023-12-07 |
| 2023-08-28 | $0.42 | 2023-08-08 | 2023-08-29 | 2023-09-19 |
| 2023-05-22 | $0.42 | 2023-05-10 | 2023-05-23 | 2023-06-08 |
| 2023-02-17 | $0.42 | 2023-02-08 | 2023-02-21 | 2023-03-14 |
| 2022-11-25 | $0.42 | 2022-11-15 | 2022-11-28 | 2022-12-13 |
| 2022-08-29 | $0.42 | 2022-08-09 | 2022-08-30 | 2022-09-28 |
| 2022-05-18 | $0.42 | 2022-05-03 | 2022-05-19 | 2022-06-09 |
| 2022-02-18 | $0.42 | 2022-02-01 | 2022-02-22 | 2022-03-15 |
| 2021-11-19 | $0.42 | 2021-11-09 | 2021-11-22 | 2021-12-14 |
| 2021-08-30 | $0.42 | 2021-08-03 | 2021-08-31 | 2021-09-28 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for SPB — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30