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Celsius vs Reed'S: revenue, profit, margins and growth compared

Celsius brought in $2.5B of revenue in fiscal 2025, Reed'S $34.1M in fiscal 2025. Revenue changed by +85.5% at Celsius and -10.2% at Reed'S on the year before, so Celsius grew faster. Celsius kept 4.3% of its revenue as net profit, Reed'S -46.5%. Free cash flow was $323.4M at Celsius and -$17.3M at Reed'S.

Side by side, latest fiscal year

CELHREED
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.5B$34.1M
Revenue growth+85.5%-10.2%
Net income$108M-$15.8M
Net margin4.3%-46.5%
Free cash flow$323.4M-$17.3M
Free cash flow margin12.9%-50.8%
Earnings per share (diluted)$0.25-$1.91
Cash$398.9M$10.4M
Debt$676.9Mn/a
Price to earnings112.0n/a
Market value$7.1B$7.7M
Dividend yieldn/an/a
Rank by revenue in sector#45 of 125 · Consumer staples#95 of 125 · Consumer staples

Over the years

Revenue
CELH FY2018: $52.6MCELH FY2019: $75.1MCELH FY2020: $130.7MCELH FY2021: $314.3MCELH FY2022: $653.6MCELH FY2023: $1.3BCELH FY2024: $1.4BCELH FY2025: $2.5BREED FY2018: $38.1MREED FY2019: $33.8MREED FY2020: $41.6MREED FY2021: $49.6MREED FY2022: $53MREED FY2023: $44.7MREED FY2024: $38MREED FY2025: $34.1MFY18FY19FY20FY21FY22FY23FY24FY25
CELH $2.5BREED $34.1M
Net income
CELH FY2018: -$11.2MCELH FY2019: $10MCELH FY2020: $8.5MCELH FY2021: $3.9MCELH FY2022: -$187.3MCELH FY2023: $226.8MCELH FY2024: $145.1MCELH FY2025: $108MREED FY2018: -$10.3MREED FY2019: -$16.1MREED FY2020: -$10.2MREED FY2021: -$16.4MREED FY2022: -$20.1MREED FY2023: -$15.5MREED FY2024: -$13.2MREED FY2025: -$15.8MFY18FY19FY20FY21FY22FY23FY24FY25
CELH $108MREED -$15.8M
Net margin
CELH FY2018: -21.3%CELH FY2019: 13.3%CELH FY2020: 6.5%CELH FY2021: 1.3%CELH FY2022: -28.7%CELH FY2023: 17.2%CELH FY2024: 10.7%CELH FY2025: 4.3%REED FY2018: -27.1%REED FY2019: -47.6%REED FY2020: -24.5%REED FY2021: -33.1%REED FY2022: -37.8%REED FY2023: -34.7%REED FY2024: -34.7%REED FY2025: -46.5%FY18FY19FY20FY21FY22FY23FY24FY25
CELH 4.3%REED -46.5%
Revenue growth
CELH FY2019: +42.9%CELH FY2020: +74.0%CELH FY2021: +140.4%CELH FY2022: +108.0%CELH FY2023: +101.7%CELH FY2024: +2.9%CELH FY2025: +85.5%REED FY2019: -11.2%REED FY2020: +23.0%REED FY2021: +19.2%REED FY2022: +6.9%REED FY2023: -15.7%REED FY2024: -15.1%REED FY2025: -10.2%FY19FY20FY21FY22FY23FY24FY25
CELH +85.5%REED -10.2%
Free cash flow
CELH FY2018: -$11.8MCELH FY2019: $956KCELH FY2020: $2.8MCELH FY2021: -$99.7MCELH FY2022: $99.9MCELH FY2023: $123.8MCELH FY2024: $239.5MCELH FY2025: $323.4MREED FY2018: -$9.4MREED FY2019: -$18.5MREED FY2020: -$9.6MREED FY2021: -$17.9MREED FY2023: -$4.4MREED FY2024: -$6.3MREED FY2025: -$17.3MFY18FY19FY20FY21FY22FY23FY24FY25
CELH $323.4MREED -$17.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Celsius and Reed'S

Which is bigger by revenue, Celsius or Reed'S?

Celsius is bigger by revenue: $2.5B in fiscal 2025, against $34.1M for Reed'S in fiscal 2025.

Which keeps more of its revenue as profit, Celsius or Reed'S?

Celsius had a net margin of 4.3% in fiscal 2025; Reed'S had -46.5% in fiscal 2025.

Which grew revenue faster, Celsius or Reed'S?

In their latest fiscal years revenue changed by +85.5% at Celsius and -10.2% at Reed'S.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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