Spectrum Brands Holdings, Inc. SPB
We are a diversified global branded consumer products and home essentials company managed in three vertically integrated, product focused segments: (i) Global Pet Care ("GPC"), (ii) Home and Garden ("H&G") and (iii) Home and Personal Care ("HPC"). The Company manufactures, markets and distributes its products globally across regions including the North America ("NA"), Europe, Middle East & Africa ("EMEA"), Latin America ("LATAM") and Asia-Pacific ("APAC") regions through a variety of trade channels, including retailers, wholesalers and distributors. We enjoy strong name recognition under our various brands and patented technologies across multiple product categories. Global and geographic strategic initiatives and financial objectives are determined at the corporate level. Each segment is responsible for implementing its defined strategic initiatives and achieving certain financial objectives, with each segment having a business unit president responsible for sales and marketing initiatives and the financial results for all product lines within the segment. The segments are supported through center-led shared service enabling functions consisting of finance and accounting, information technology, legal and human resources, supply chain and commercial operations. The following is an overview of the consolidated business showing net sales by segment and geographic region sold (based upon destination) as a percentage of consolidated net sales for the year ended September 30, 2025.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.81B | $2.96B | $2.92B | $3.13B | $3.00B | $2.62B | $2.45B | $3.81B | $3.71B | $3.75B |
| Cost of revenue | $1.78B | $1.85B | $1.99B | $2.14B | — | — | — | $217.8M | $193.2M | $192.5M |
| Gross profit | $1.03B | $1.11B | $924.3M | $990.4M | $1.03B | $878.1M | $819.6M | $1.33B | $1.34B | $1.37B |
| R&D | $23.2M | $28.1M | $22.5M | $26.7M | $29.8M | $29.2M | $32.1M | $44.6M | $44.6M | $44.1M |
| SG&A | $882.6M | $953.4M | $888.8M | $995.7M | $46.9M | $52.4M | $22.0M | $36.3M | $39.3M | $31.9M |
| Total operating expenses | $907.0M | $938.7M | $1.13B | $967.2M | $937.5M | $869.5M | $972.0M | $1.11B | $1.05B | $1.05B |
| Operating income | $124.9M | $170.6M | -$205.6M | $23.2M | $97.1M | $8.6M | -$152.4M | $224.2M | $287.5M | $321.8M |
| Interest expense | $30.0M | $58.5M | $116.1M | $99.4M | $116.5M | $93.7M | $158.4M | $264.0M | $310.4M | $336.9M |
| Pre-tax income | $87.2M | $163.6M | -$290.2M | -$90.3M | -$11.1M | -$25.1M | -$354.2M | -$35.7M | -$27.9M | -$7.9M |
| Income tax | $13.0M | $64.3M | $56.5M | $13.3M | $26.4M | $27.3M | $52.0M | $462.7M | $11.8M | $52.8M |
| Net income | $100.4M | $124.8M | $1.80B | $72.7M | $189.6M | $97.8M | $494.5M | $768.3M | $106.0M | -$198.8M |
| EPS, basic | 3.88 | 4.12 | 45.65 | 1.75 | 4.44 | 2.19 | 9.76 | 20.79 | 3.29 | -6.21 |
| EPS, diluted | 3.86 | 4.10 | 45.65 | 1.75 | 4.39 | 2.19 | 9.76 | 20.74 | 3.29 | -6.21 |
| Shares, diluted (wtd. avg.) | $25.9M | $30.5M | $39.5M | $40.9M | $43.2M | $44.7M | $50.7M | $37.0M | $32.2M | $32.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $123.6M | $368.9M | $753.9M | $243.7M | $187.9M | $531.6M | $627.1M | $552.5M | $285.4M | $465.2M |
| Short-term investments | — | $0 | $1.10B | $0 | — | — | — | — | — | — |
| Receivables | $521.7M | $635.4M | $477.1M | $247.4M | $248.4M | $299.8M | $356.7M | $317.1M | $365.4M | $245.6M |
| Inventory | $446.1M | $462.1M | $462.8M | $780.6M | $562.8M | $318.6M | $548.4M | $583.6M | $587.8M | $449.9M |
| Total current assets | $1.18B | $1.58B | $2.93B | $3.24B | $2.91B | $1.73B | $1.66B | $3.97B | $32.14B | $1.82B |
| Property, plant and equipment | — | — | $275.1M | $263.8M | $260.2M | $255.6M | $452.9M | $500.0M | $499.0M | $367.4M |
| Goodwill | $866.8M | $864.9M | $854.7M | $953.1M | $867.2M | $627.2M | $626.0M | $1.45B | $1.46B | $1.32B |
| Other intangibles | $937.6M | $990.4M | $1.06B | $1.20B | $1.20B | $1.05B | $1.51B | $1.64B | $1.72B | $1.53B |
| Total assets | $3.38B | $3.84B | $5.26B | $5.78B | $5.34B | $5.11B | $5.25B | $7.80B | $35.86B | $33.58B |
| Accounts payable | $283.7M | $397.3M | $396.6M | $453.1M | $388.6M | $362.5M | $456.8M | $584.7M | $558.3M | $316.0M |
| Short-term debt | $11.7M | $9.4M | $8.6M | $12.3M | $12.0M | $13.9M | $136.9M | $26.9M | $169.8M | $239.3M |
| Total current liabilities | $523.2M | $687.1M | $764.8M | $1.19B | $1.16B | $944.9M | $1.14B | $1.43B | $27.91B | $1.24B |
| Long-term debt | $556.2M | $551.4M | $1.55B | $3.14B | $2.49B | $2.41B | $2.21B | $4.62B | $5.52B | $5.23B |
| Total liabilities | $1.47B | $1.70B | $2.74B | $4.51B | $3.86B | $3.69B | $3.52B | $6.21B | $33.92B | $31.76B |
| Retained earnings | $2.22B | $2.17B | $2.10B | $362.1M | $359.9M | $243.9M | $223.8M | -$180.1M | -$925.9M | -$1.03B |
| Total equity | $1.91B | $2.14B | $2.52B | $1.27B | $1.48B | $1.42B | $1.73B | $1.59B | $1.95B | $1.82B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $203.6M | $162.6M | -$409.7M | -$53.8M | $288.4M | $290.3M | $1.1M | $343.3M | $840.2M | $913.2M |
| Depreciation and amortisation | $98.0M | $101.8M | $91.2M | $99.3M | $117.0M | $114.6M | $147.3M | $125.3M | $147.3M | $136.7M |
| Stock-based compensation | $20.5M | $17.5M | $17.2M | $10.2M | $28.9M | $31.8M | $44.2M | $11.9M | $54.2M | $71.1M |
| Capital expenditure | $38.3M | $44.0M | $59.0M | $64.0M | $43.6M | $44.1M | $40.4M | $75.9M | $81.8M | $73.7M |
| Investing cash flow | -$37.7M | $1.02B | $3.18B | -$359.8M | -$423.5M | $108.3M | $2.80B | $1.27B | -$1.59B | -$891.4M |
| Financing cash flow | -$401.2M | -$1.58B | -$2.26B | $487.6M | -$209.9M | -$497.1M | -$2.72B | -$1.30B | $583.0M | $148.7M |
| Dividends paid | $48.2M | $50.6M | $66.5M | $68.6M | $71.5M | $75.2M | $85.5M | $22.4M | $25.0M | $132.3M |
| Buybacks | $326.4M | $482.7M | $34.7M | $134.0M | $125.8M | $239.8M | $268.5M | $0 | — | $52.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000109177-26-000030.
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