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SPB

Spectrum Brands Holdings, Inc.

SPB

Spectrum Brands Holdings, Inc. • NYSE
$59.35 ▼ -0.47% (-0.28)
Market Cap $1.44 B
52w High $96.62
52w Low $49.99
Dividend Yield 1.88%
P/E 15.42
Volume 173.64K
Outstanding Shares 24.21M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $733.5M ▲ $226.3M ▼ $55.6M ▲ 7.58% ▲ $2.31 ▲ $49.2M ▼
Q3-2025 $699.6M ▲ $232.8M ▼ $19.9M ▲ 2.844% ▲ $0.8 ▲ $55.5M ▲
Q2-2025 $675.7M ▼ $233.9M ▲ $900K ▼ 0.133% ▼ $0.035 ▼ $43.4M ▼
Q1-2025 $700.2M ▼ $213.1M ▼ $23.5M ▼ 3.356% ▼ $0.84 ▼ $67.1M ▲
Q4-2024 $773.7M $266.1M $28.6M 3.697% $1.02 $58.4M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $123.6M ▲ $3.38B ▼ $1.47B ▼ $1.91B ▲
Q3-2025 $122M ▲ $3.542B ▲ $1.649B ▼ $1.894B ▲
Q2-2025 $96M ▼ $3.537B ▼ $1.652B ▲ $1.885B ▼
Q1-2025 $179.9M ▼ $3.615B ▼ $1.586B ▼ $2.029B ▼
Q4-2024 $368.9M $3.842B $1.701B $2.141B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $53.2M ▲ $171.1M ▲ $-12.5M ▼ $-156.2M ▼ $1.6M ▼ $157.9M ▲
Q3-2025 $20.5M ▲ $81.8M ▲ $-10M ▼ $-50M ▲ $27.3M ▲ $71.8M ▲
Q2-2025 $1.8M ▼ $23.1M ▲ $-9.3M ▼ $-97.7M ▼ $-83.8M ▲ $13.9M ▲
Q1-2025 $24.6M ▲ $-72.4M ▼ $-5.9M ▼ $-97.3M ▼ $-188.5M ▼ $-78.3M ▼
Q4-2024 $12.9M $80.7M $136.2M $-14.3M $212.8M $67.7M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Global Pet Supplies
Global Pet Supplies
 $260.00M ▲$270.00M ▲$260.00M ▼$300.00M ▲
Home And Garden Business
Home And Garden Business
 $90.00M ▲$150.00M ▲$190.00M ▲$140.00M ▼
Home And Personal Care
Home And Personal Care
 $350.00M ▲$250.00M ▼$260.00M ▲$300.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been broadly flat over the past few years, with a small dip during the portfolio transition and a modest recovery more recently. Profitability on the core business has been thin and somewhat volatile, including a year with an operating loss. The huge jump in reported earnings a year ago appears to be driven mainly by one‑time gains from asset sales rather than a surge in underlying performance. Most recently, operating results have improved back into the black, but earnings look more “normal” and much lower than that spike, suggesting the company is still in the early stages of rebuilding consistent, durable profitability in its new, more focused shape.

Balance Sheet

Balance Sheet The balance sheet shows a company that has deliberately slimmed down and de‑risked. Total assets have shrunk as non‑core businesses were sold, and management has used the proceeds to pay down a large portion of its debt. Leverage is now much lighter than a few years ago, easing financial risk and interest burden. Cash balances briefly swelled around the time of divestitures and have since come down as funds were deployed. Shareholders’ equity has strengthened compared with the trough during the transition, although it has also moved around due to one‑off gains and capital returns. Overall, the company looks financially cleaner and less stretched than before, but also smaller and more concentrated.

Cash Flow

Cash Flow Cash generation has been uneven. A few years ago, operating cash flow was solid, then turned weak and even negative during the restructuring and tougher operating conditions. More recently, cash flow from operations and free cash flow have turned positive again, but at relatively modest levels. Capital spending has stayed low and stable, which fits a branded consumer products model that is not highly capital intensive. The key watchpoint is whether the refocused pet and garden portfolio can consistently convert earnings into healthy, reliable cash flow rather than the stop‑start pattern seen during the transition years.

Competitive Edge

Competitive Edge Spectrum Brands is repositioning itself around areas where it has clearer strengths: pet care and home & garden. In these categories it owns a collection of well‑known brands that enjoy strong shelf presence and consumer recognition, such as Tetra, Nature’s Miracle, FURminator, Spectracide, and Cutter. Patented products like GloFish and FURminator give it some protection from direct copycats and support premium positioning. The company also benefits from a broad distribution network that reaches major retailers globally. Its moat is not absolute—competition from large consumer goods players and private labels remains intense—but in specific niches like aquarium products, pet grooming, and certain garden care solutions, Spectrum holds defensible positions with recognizable, trusted brands.

Innovation and R&D

Innovation and R&D Innovation is focused less on heavy laboratory research and more on applying science and consumer insights to improve everyday products. In pet care, Spectrum stands out with differentiated offerings such as genetically engineered GloFish and the patented FURminator de‑shedding tools, both of which illustrate its ability to create unique, branded solutions that are hard to replicate. In home & garden, innovation is more about better formulations and easier‑to‑use delivery systems for weed, pest, and lawn care products. The company is also leaning into trends such as sustainability, alternative proteins in pet food, and eco‑friendlier packaging, and it has signaled interest in expanding through targeted acquisitions. Longer term, there is room to tap into “smart” and tech‑enabled pet products if management chooses to invest there.

Summary

Spectrum Brands is in the midst of a major reshaping, moving from a broad household products conglomerate toward a more focused pet and garden specialist. Financially, this has meant choppy earnings and cash flow, but also a much cleaner balance sheet with significantly less debt. Strategically, the company is concentrating on branded niches where it already has recognizable names, patents, and a solid retail footprint. The main opportunity is to turn this sharper focus into steadier growth and stronger margins, using innovation and bolt‑on acquisitions in pet care and garden solutions. The main risks are execution—successfully completing the portfolio transition and integrating deals—and ongoing competitive pressure in mass‑market consumer categories. Overall, Spectrum is emerging as a smaller but more concentrated business that now needs to prove it can deliver stable, high‑quality earnings from its chosen core segments.

NEWS

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November 13, 2025 · 6:30 AM UTC

Spectrum Brands Holdings Reports Fiscal 2025 Fourth Quarter Results

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November 11, 2025 · 5:30 PM UTC

Spectrum Brands Holdings Declares Quarterly Common Stock Dividend of $0.47 Per Share

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October 30, 2025 · 6:30 AM UTC

Spectrum Brands Holdings to Report Fiscal 2025 Fourth Quarter Financial Results and Hold Conference Call and Webcast on November 13, 2025

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October 1, 2025 · 4:00 PM UTC

Superior Plus Announces Timing of 2025 Third Quarter Results Conference Call and Webcast

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