Tearsheet

Spectrum Brands (SPB)

Market Price (12/15/2025): $61.22 | Market Cap: $1.5 Bil
Sector: Consumer Staples | Industry: Household Products

Spectrum Brands (SPB)

Market Price (12/15/2025): $61.22
Market Cap: $1.5 Bil
Sector: Consumer Staples
Industry: Household Products

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.8%	Weak multi-year price returns 2Y Excs Rtn is -61%, 3Y Excs Rtn is -62%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.5%, Rev Chg QQuarterly Revenue Change % is -5.2%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
2	Low stock price volatility Vol 12M is 37%
3	Megatrend and thematic drivers Megatrends include Health & Wellness Trends, E-commerce & DTC Adoption, and Circular Economy & Recycling. Themes include Organic & Natural Products, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.8%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%
2	Low stock price volatility Vol 12M is 37%
3	Megatrend and thematic drivers Megatrends include Health & Wellness Trends, E-commerce & DTC Adoption, and Circular Economy & Recycling. Themes include Organic & Natural Products, Show more.
4	Weak multi-year price returns 2Y Excs Rtn is -61%, 3Y Excs Rtn is -62%
5	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.5%, Rev Chg QQuarterly Revenue Change % is -5.2%

Valuation, Metrics & Events

	12/15/25	2024	2023	2022
Share Price CYE	$61.22	$81.94	$75.89	$56.60
Market Cap CYE ($ Bil)	1.5	2.3	2.6	2.3
Total Debt ($ Bil)	0.7	0.7	0.7	1.7
Total Cash ($ Bil)	0.1	0.1	0.4	1.9
Enterprise Value ($ Bil)	2.0	3.0	3.3	4.0
Valuation Ratios
P/S TTM	0.5	0.8	0.8	0.8
P/EBIT TTM
P/E TTM	12.5	21.7	19.4	1.3
Sector Ratios
P/S TTM (Sector)	11.4	10.5	8.0	5.0
P/EBIT TTM (Sector)	29.1	31.2	26.5	17.6
P/E TTM (Sector)	37.5	39.9	36.4	22.9

	12/15/25	2024
Share Price CYE	$61.22	$81.94
Market Cap CYE ($ Bil)	1.5	2.3
Total Debt ($ Bil)	0.7	0.7
Total Cash ($ Bil)	0.1	0.1
Enterprise Value ($ Bil)	2.0	3.0
Valuation Ratios
P/S TTM	0.5	0.8
P/EBIT TTM
P/E TTM	12.5	21.7
Sector Ratios
P/S TTM (Sector)	11.4	10.5
P/EBIT TTM (Sector)	29.1	31.2
P/E TTM (Sector)	37.5	39.9

	SPB	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	2.8
Rev Chg Q	-5.2%	15.9%
Rev Chg LTM	-5.2%	13.2%
Rev Chg 3Y Avg	-3.5%	12.2%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	5.3%	37.5%
CFO/Rev LTM	7.2%	35.5%
Net Inc Mgn	3.6%	27.6%
VALUATION	LOW
P/S	0.4	11.4
P/CFO	6.2	30.6
P/FCF	7.6	54.0
P/E	12.5	37.5

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Organic Net Sales Decrease	11.1%	8072025	Link
Favorable Foreign Exchange Impact on Net Sales	6.8 million USD	8072025	Link
Fiscal 2025 Expected Net Sales Growth	low single-digit growth	11152024	Link

Recent
11/24/2025	Dividend	Amount: $0.47 Payment On: 12/09/2025
Upcoming
2/05/2026	Earnings Release	Rev: $667 Mil (E) EPS: $0.89 (E)

SPB Stock

Return (1M):

null

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

1. Q4 Fiscal 2025 Earnings Beat Expectations

Spectrum Brands reported its fourth-quarter fiscal 2025 results on November 13, 2025, with adjusted earnings per share of $2.61, significantly surpassing the Zacks Consensus Estimate of $0.77. While net sales declined by 5.2% year-over-year to $733.5 million, the strong earnings beat, partly driven by lower income tax and a reduced share count, led to a nearly 5% gain in SPB's shares during trading hours and a 17.79% pre-market surge.

2. Strategic Focus on Cost Reductions and Operational Efficiency

Despite a decline in revenue, the company's profitability was bolstered by significant cost reductions and improved operational efficiency. Spectrum Brands implemented cost-cutting measures and diversified its supply chain to navigate a challenging macroeconomic environment.

Stock Movement Drivers

Fundamental Drivers

The 15.9% change in SPB stock from 9/14/2025 to 12/14/2025 was primarily driven by a 39.0% change in the company's Net Income Margin (%).

	9142025	12142025	Change
Stock Price ($)	52.92	61.33	15.89%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2849.20	2809.00	-1.41%
Net Income Margin (%)	2.56%	3.56%	39.00%
P/E Multiple	18.08	14.67	-18.83%
Shares Outstanding (Mil)	24.90	23.90	4.02%
Cumulative Contribution			15.70%

LTM = Last Twelve Months as of date shown

Market Drivers

9/14/2025 to 12/14/2025

	Return	Correlation
SPB	15.9%
Market (SPY)	3.7%	12.3%
Sector (XLP)	-1.1%	18.5%

Fundamental Drivers

The 20.5% change in SPB stock from 6/15/2025 to 12/14/2025 was primarily driven by a 76.3% change in the company's Net Income Margin (%).

	6152025	12142025	Change
Stock Price ($)	50.88	61.33	20.53%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2929.00	2809.00	-4.10%
Net Income Margin (%)	2.02%	3.56%	76.26%
P/E Multiple	22.47	14.67	-34.71%
Shares Outstanding (Mil)	26.10	23.90	8.43%
Cumulative Contribution			19.67%

LTM = Last Twelve Months as of date shown

Market Drivers

6/15/2025 to 12/14/2025

	Return	Correlation
SPB	20.5%
Market (SPY)	14.5%	20.5%
Sector (XLP)	-1.2%	30.5%

Fundamental Drivers

The -30.1% change in SPB stock from 12/14/2024 to 12/14/2025 was primarily driven by a -25.9% change in the company's P/E Multiple.

	12142024	12142025	Change
Stock Price ($)	87.75	61.33	-30.11%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2963.80	2809.00	-5.22%
Net Income Margin (%)	4.21%	3.56%	-15.61%
P/E Multiple	19.81	14.67	-25.94%
Shares Outstanding (Mil)	28.20	23.90	15.25%
Cumulative Contribution			-31.73%

LTM = Last Twelve Months as of date shown

Market Drivers

12/14/2024 to 12/14/2025

	Return	Correlation
SPB	-30.1%
Market (SPY)	13.9%	48.0%
Sector (XLP)	-1.3%	38.6%

Fundamental Drivers

The 12.2% change in SPB stock from 12/15/2022 to 12/14/2025 was primarily driven by a 55.6% change in the company's Net Income Margin (%).

	12152022	12142025	Change
Stock Price ($)	54.68	61.33	12.16%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3132.50	2809.00	-10.33%
Net Income Margin (%)	2.29%	3.56%	55.59%
P/E Multiple	31.01	14.67	-52.68%
Shares Outstanding (Mil)	40.60	23.90	41.13%
Cumulative Contribution			-6.81%

LTM = Last Twelve Months as of date shown

Market Drivers

12/15/2023 to 12/14/2025

	Return	Correlation
SPB	-18.9%
Market (SPY)	48.0%	43.6%
Sector (XLP)	16.9%	37.2%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
SPB Return	27%	31%	-39%	34%	8%	-24%	12%
Peers Return	30%	8%	-34%	11%	10%	-28%	-18%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	111%
Monthly Win Rates [3]
SPB Win Rate	50%	67%	42%	67%	50%	50%
Peers Win Rate	55%	48%	33%	45%	50%	33%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
SPB Max Drawdown	-62%	-4%	-61%	-5%	-5%	-39%
Peers Max Drawdown	-30%	-11%	-42%	-14%	-16%	-38%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: CENT, SMG, NWL, ENR, CHD. See SPB Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/12/2025 (YTD)

How Low Can It Go

Unique Key	Event	SPB	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-63.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	172.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-62.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	163.9%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	240 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-66.5%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	198.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-24.2%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	31.9%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	96 days	1480 days

Compare to RUN, PI, PLUG, ENR, AIN

In The Past

Spectrum Brands's stock fell -63.3% during the 2022 Inflation Shock from a high on 11/22/2021. A -63.3% loss requires a 172.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Spectrum Brands (SPB)

Spectrum Brands Holdings, Inc. operates as a branded consumer products company worldwide. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington and LumaBella brands. The Global Pet Care segment provides rawhide chewing, dog and cat clean-up and food, training, health and grooming, small animal food and care, and rawhide-free products under the 8IN1 (8-in-1), Dingo, Nature's Miracle, Wild Harvest, Littermaid, Jungle, Excel, FURminator, IAMS, Eukanuba, Healthy-Hide, DreamBone, SmartBones, ProSense, Perfect Coat, eCOTRITION, Birdola, Good Boy, Meowee!, Wildbird, and Wafcol brands. This segment also offers aquarium kits, stand-alone tanks, and aquatics equipment and consumables under the Tetra, Marineland, Whisper, Instant Ocean, GloFish, OmegaOne, and OmegaSea brands. The Home and Garden segment provides outdoor insect and weed control solutions, and animal repellents under the Spectracide, Garden Safe, Liquid Fence, and EcoLogic brands; household pest control solutions under the Hot Shot, Black Flag, Real-Kill, Ultra Kill, The Ant Trap, and Rid-A-Bug brand names; household surface cleaning, maintenance, and restoration products, including bottled liquids, mops, wipes, and markers under the Rejuvenate brand name; and personal-use pesticides and insect repellent products under the Cutter and Repel brands. The company sells its products through retailers, e-commerce and online retailers, wholesalers, and distributors. Spectrum Brands Holdings, Inc. was incorporated in 2009 and is headquartered in Middleton, Wisconsin.

AI Generated Analysis | Feedback

1. Newell Brands for home, garden, and pet products.

2. A focused Procter & Gamble for hardware, garden, and pet supplies.

AI Generated Analysis | Feedback

Global Pet Care Products: Offers a wide range of pet supplies including aquatics, dog and cat products (food, treats, toys, litter solutions), and small animal care items under brands like Tetra, Dingo, FURminator, and Nature's Miracle.
Home & Garden Products: Provides various lawn, garden, and household pest control solutions, including insecticides, repellents, herbicides, and cleaning products under brands such as Spectracide, Cutter, Hot Shot, and Rejuvenate.
Automotive & Heavy Duty Aftermarket Products: Manufactures and distributes professional maintenance and appearance products for automotive, heavy duty, and marine applications through The Penray Companies.

AI Generated Analysis | Feedback

Spectrum Brands (SPB) - Major Customers

Spectrum Brands Holdings, Inc. primarily sells its consumer products (Home & Garden, Global Pet Care) to other companies, specifically large retailers, which then sell to individual consumers. Therefore, its major customers are these retail companies. According to Spectrum Brands' most recent annual report (10-K filing), one customer accounted for approximately 20% of its consolidated net sales for fiscal 2023 and 2022. While this customer is not explicitly named in the filing, it is widely understood and common for mass consumer goods companies that such a significant customer is typically a major mass merchandiser. The major customers for Spectrum Brands, based on their distribution channels for Home & Garden and Global Pet Care products, include:

Walmart Inc. (WMT) - Likely the largest customer mentioned in their 10-K due to its extensive retail presence and product breadth.
The Home Depot, Inc. (HD) - A major retailer for home and garden products.
Lowe's Companies, Inc. (LOW) - Another significant retailer for home and garden products.
Amazon.com, Inc. (AMZN) - A dominant online retailer for a wide range of consumer goods, including pet care and home products.
Target Corporation (TGT) - A major general merchandise retailer.
Pet specialty retailers and distributors: Including companies like Chewy, Inc. (CHWY) and other pet retail chains.

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

The following are key members of the management team at Spectrum Brands:

David M. Maura, Executive Chairman and Chief Executive Officer

David M. Maura was appointed Executive Chairman and CEO of Spectrum Brands in July 2018, having previously served as Executive Chairman and CEO of SPB Legacy. His background includes significant involvement with investment and acquisition entities. He served as a Managing Director and Executive Vice President of Investments at HRG Group (a publicly-listed acquisition company) from October 2011 until November 2016 and was a member of its board of directors. Prior to HRG Group, Mr. Maura was a Vice President and Director of Investments at Harbinger Capital Partners LLC, an investment firm, from 2006 to 2012. He also held the roles of Chairman, President, and Chief Executive Officer of Mosaic Acquisition Corp., a special purpose acquisition company (SPAC), from October 2017 to January 2020. Mosaic Acquisition Corp. completed a merger with Vivint Smart Home, Inc., resulting in Vivint becoming a publicly traded company. Mr. Maura then joined Vivint Smart Home, Inc.'s board of directors. His earlier career included roles as a Managing Director and Senior Research Analyst at First Albany Capital, Inc., focusing on distressed debt and special situations, and as a Director and Senior High Yield Research Analyst at Merrill Lynch & Co.

Faisal Qadir, Executive Vice President and Chief Financial Officer

Faisal Qadir was appointed Executive Vice President and Chief Financial Officer of Spectrum Brands on September 3, 2025. He has been with the company since 2012, serving in various senior finance leadership capacities, including Vice President of Strategic Finance and Enterprise Reporting, Vice President of Investor Relations, and CFO for the Global Pet Care and Home and Personal Care businesses. Before joining Spectrum Brands, Mr. Qadir held several finance leadership positions of increasing responsibility at The Black & Decker Corporation and Stanley Black & Decker from 2003 to 2012, encompassing areas such as FP&A, Operations Finance, and Controllership.

Ehsan Zargar, Executive Vice President, General Counsel and Corporate Secretary

Ehsan Zargar was appointed Executive Vice President, General Counsel, and Corporate Secretary of Spectrum Brands on October 1, 2018. In this role, he is responsible for the company's legal, environmental, social and governance, health and safety, insurance, and real estate functions. He also plays a key role in negotiating and implementing the company’s mergers and acquisitions, capital markets, and other strategic activities. Prior to Spectrum Brands, Mr. Zargar held several increasingly senior positions with HRG Group, a publicly-listed acquisition company, from June 2011 until July 2018. These roles included Executive Vice President and Chief Operating Officer, General Counsel, and Corporate Secretary. He also previously practiced law at major law firms, including Paul, Weiss, Rifkind, Wharton & Garrison LLP.

John Pailthorp, President, Global Pet Care

John Pailthorp was appointed President of Spectrum Brands' Global Pet Care (GPC) Division in October 2019. He initially joined Spectrum Brands in 2002, beginning his career in Brand Management for lawn & garden products within the Home & Garden division. Over the years, Mr. Pailthorp advanced through various marketing leadership roles, including Division Vice President of Home & Garden Marketing in 2010 and Senior Vice President and General Manager of GPC since December 2018.

Javier Andrade-Marin, President, Home & Garden

Javier Andrade-Marin was appointed President of Spectrum Brands' Home & Garden (H&G) Division in November 2022. Before joining Spectrum Brands, he served as General Manager, Retail Brands US, at Henkel North America from 2020 to 2022, and as Vice President Marketing for Laundry and Home Care at Henkel North America from 2018 to 2020. His earlier career includes various operational and marketing positions across Europe, Latin America, and the United States at companies such as Reckitt Benckiser, Verizon Communications, and The Walt Disney Company.

AI Generated Analysis | Feedback

The accelerating shift towards direct-to-consumer (D2C) sales models and subscription services across consumer goods categories, particularly in pet care and personal grooming, threatens Spectrum Brands' traditional retail-dependent distribution strategy and direct customer relationships.

AI Generated Analysis | Feedback

Spectrum Brands (SPB) operates in several key consumer product categories, each with substantial addressable markets. The primary segments include Pet Care, Home & Garden, and Home and Personal Care (encompassing small household appliances and personal care products).

Pet Care

The global pet care market was valued at approximately USD 304.4 billion in 2023 and is projected to grow to about USD 427.75 billion by 2032. Other estimates place the global market at USD 380 billion in 2025, with a projection to reach USD 650 billion by 2030.
In North America, the pet care market was valued at USD 146.7 billion in 2023 and is projected to reach USD 255.3 billion by 2032. Another report indicated the North American market generated USD 68.67 billion in revenue in 2022 and is expected to reach USD 100.37 billion by 2030. The U.S. alone accounted for over USD 100 billion in pet care expenditures in 2022.

Home & Garden

The global home & garden product retail market recorded revenues of USD 1.81 trillion in 2023.
The broader market for retail home improvement and gardening products globally reached USD 1.19 trillion in 2021.
Specifically for home gardening, the global market size was approximately USD 14.90 billion in 2024, expected to reach USD 15.78 billion in 2025 and around USD 26.47 billion by 2034.
The global lawn and garden consumables market is valued at USD 24.1 billion in 2025 and is projected to reach USD 36.7 billion by 2035.
North America holds a significant share of the global home & garden product retail market, accounting for 48.8% in 2023.
The North America gardening equipment market generated USD 30.86 billion in revenue in 2022 and is expected to reach USD 49.95 billion by 2030.
The North America gardening tools market size was valued at USD 2.1 billion in 2025 and is projected to reach USD 2.8 billion by 2032.
The U.S. lawn and garden consumables market is estimated at USD 8.5 billion in 2025.

Home and Personal Care (Small Household Appliances and Personal Care Products)

The global beauty and personal care products market size was valued at USD 557.88 billion in 2024 and is expected to reach USD 818.42 billion by 2033. Other estimations place the global market at USD 529.5 billion in 2024, expected to reach USD 802.6 billion by 2033.
North America is a significant region in this market, with one source indicating it will be the second-largest market with USD 120.29 billion in 2025. In 2022, North America accounted for 20.2% of the global beauty and personal care products market.

AI Generated Analysis | Feedback

Spectrum Brands (symbol: SPB) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

Increased Brand-Focused Investments and Innovation: The company plans to continue investing in its brands, with a focus on research and development (R&D), marketing, and advertising. These investments are intended to drive long-term profitable top-line growth by enhancing brand equity and introducing new products and innovations across its categories.
Expansion in E-commerce Channels: Spectrum Brands has shown consistent growth in e-commerce sales across all its segments. This channel is expected to remain a significant driver of revenue, with particular strength noted in its Home & Personal Care (HPC) and Global Pet Care businesses.
Strategic Acquisitions and Portfolio Expansion in Pet Care: Spectrum Brands aims to at least double the size of its pet asset organically and through acquisitions. The company is actively looking to expand into niche food/treats, health and wellness, and the growing cat segment, believing it can position its portfolio more towards power-branded, faster-turning consumables.
Operational Improvements and Cost Efficiencies: While primarily impacting profitability, ongoing operational cost reductions, cost improvement initiatives, and favorable cost variances are expected to contribute to a stronger competitive position. These efficiencies can enable more competitive pricing or free up resources for growth-driving investments.
Segment-Specific Growth (e.g., Home & Garden): Specific business segments, such as Home & Garden, have demonstrated strong sales increases driven by factors like extended seasonal demand and improved retailer inventory health. Continued favorable market conditions or strategic focus in these segments are anticipated to contribute to overall revenue growth.

AI Generated Analysis | Feedback

Share Repurchases

Spectrum Brands has significantly reduced its outstanding shares by approximately 40%, from about 41 million to 24.9 million shares, spending $1.3 billion on repurchases since before the sale of its Hardware and Home Improvement (HHI) business in 2023.
In fiscal year 2024, the company returned $482.7 million to shareholders through share repurchases.
As of March 2025, the company had approximately $140 million remaining on its current board authorization for share repurchases, with management expressing interest in continuing the program.

Share Issuance

The number of outstanding shares has consistently decreased over the last few years due to significant share repurchases, declining from 41.3 million in fiscal year 2021 to 24.9 million in November 2025.
In May 2024, Spectrum Brands offered $300 million in exchangeable senior notes due 2029, which are initially a form of debt but could potentially be exchanged for common stock in the future.

Outbound Investments

In 2022, Spectrum Brands completed the acquisition of the Tristar Business, an investment that subsequently faced integration challenges impacting operating performance and partner relationships.
In 2023, the company spun off its Hardware and Home Improvement (HHI) business for $4.3 billion, utilizing the substantial proceeds to deleverage its debt and fund an aggressive share repurchase program.

Capital Expenditures

Spectrum Brands' capital expenditures were $43.6 million in fiscal year 2021, $64 million in fiscal year 2022, $59 million in fiscal year 2023, and $44 million in fiscal year 2024.
For the latest twelve months ending June 29, 2025, capital expenditures totaled $38.1 million.
The company's general investment strategy for fiscal 2025 focuses on investing in brands for long-term growth, innovation to expand core and adjacent categories, and operations to improve cost, quality, and safety, including investments in e-commerce capabilities.

Better Bets than Spectrum Brands (SPB)

	SPB	Better Performance than SPB
Metric	Value	INDUSTRY: Household Products
Rev Chg LTM	-5.2%	WDFC (5.0%), CHD (1.1%), REYN (0.8%), CL (0.1%), KMB (-3.1%)
Rev Chg 3Y Avg	-3.5%	CHD (4.6%), CL (4.2%), REYN (-0.4%), CLX (-1.1%), KMB (-2.1%)
Op Mgn LTM	5.3%	CL (21.7%), CHD (17.8%), KMB (16.7%), CLX (14.9%), REYN (13.6%)
CFO/Rev LTM	7.2%	CL (19.6%), CHD (17.7%), KMB (15.2%), CLX (12.6%), REYN (11.4%)
FCF/Rev LTM	5.9%	CL (16.9%), CHD (15.3%), KMB (11.1%), CLX (9.4%), REYN (6.9%)
Total Yield	9.8%	ENR (23.6%), NUS (20.2%), UG (13.1%), KMB (9.9%)
P/S	0.4	GROV (0.3), EPC (0.4), NUS (0.4)

	SPB	Better Performance than SPB
Metric	Value	SECTOR: Consumer Staples
Rev Chg LTM	-5.2%	COST (8.2%), PM (7.5%), WMT (4.3%), KO (2.8%), PG (1.2%)
Rev Chg 3Y Avg	-3.5%	PM (8.0%), COST (6.6%), WMT (5.4%), KO (4.0%), PG (1.8%)
Op Mgn LTM	5.3%	PM (37.1%), KO (31.3%), BUD (26.1%), PG (24.1%), PEP (13.2%)
CFO/Rev LTM	7.2%	MO (43.8%), PM (28.8%), PG (22.3%), KO (16.0%), PEP (12.7%)
FCF/Rev LTM	5.9%	MO (43.1%), PM (25.3%), PG (17.6%), KO (11.7%), PEP (7.3%)
Total Yield	9.8%	GIS (15.2%), TGT (14.3%), MO (14.1%), ACI (13.3%), KMB (9.9%)
P/S	0.4	BG (0.3), KR (0.3), ADM (0.3), TSN (0.4), TGT (0.4)

	SPB	Better Performance than SPB
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-5.2%	NVDA (65.2%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	-3.5%	NVDA (91.6%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	5.3%	NVDA (58.8%), MSFT (46.3%), GOOGL (32.2%), AAPL (31.9%), AMZN (11.4%)
CFO/Rev LTM	7.2%	MSFT (50.0%), NVDA (44.4%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	5.9%	AVGO (41.6%), NVDA (41.3%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	9.8%	VZ (16.8%), MRK (13.0%), T (11.0%), WFC (9.9%), RY (9.8%)
P/S	0.4	CVS (0.2), MCK (0.2), CI (0.3), GM (0.3), ELV (0.4)

null

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	How Low Can Spectrum Brands Stock Really Go?	Return
2	SPB Dip Buy Analysis
3	Spectrum Brands Earnings Notes
4	Spectrum Brands Total Shareholder Return (TSR): -40.4% in 2025 and 16.0% 3-yr compounded annual returns (above peer average)
5	Spectrum Brands (SPB) Operating Cash Flow Comparison	Financials
6	Spectrum Brands (SPB) Net Income Comparison	Financials
7	Spectrum Brands (SPB) Operating Income Comparison	Financials
8	Spectrum Brands (SPB) Revenue Comparison	Financials
9	Spectrum Brands vs. S&P500 Correlation	Correlation
10	Spectrum Brands Price Volatility	Volatility

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to SPB. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BF-B_11302025_Dip_Buyer_ValueBuy	11302025	BF-B	Brown-Forman	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	7.0%	7.0%	0.0%
CPB_11302025_Dip_Buyer_ValueBuy	11302025	CPB	Campbell's	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-5.7%	-5.7%	-7.5%
ENR_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	ENR	Energizer	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	12.9%	12.9%	-5.3%
FLO_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FLO	Flowers Foods	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.7%	4.7%	-1.6%
CLX_11142025_Dip_Buyer_FCFYield	11142025	CLX	Clorox	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.3%	0.3%	-5.1%
SPB_3312019_Dip_Buyer_ValueBuy	03312019	SPB	Spectrum Brands	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-2.6%	-32.4%	-54.2%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BF-B_11302025_Dip_Buyer_ValueBuy	11302025	BF-B	Brown-Forman	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	7.0%	7.0%	0.0%
CPB_11302025_Dip_Buyer_ValueBuy	11302025	CPB	Campbell's	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-5.7%	-5.7%	-7.5%
ENR_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	ENR	Energizer	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	12.9%	12.9%	-5.3%
FLO_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FLO	Flowers Foods	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.7%	4.7%	-1.6%
CLX_11142025_Dip_Buyer_FCFYield	11142025	CLX	Clorox	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.3%	0.3%	-5.1%
SPB_3312019_Dip_Buyer_ValueBuy	03312019	SPB	Spectrum Brands	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-2.6%	-32.4%	-54.2%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TLRY	Tilray Brands	12.9	44.1%	-8.6%
RZLT	Rezolute	0.2	28.6%	-63.3%
CRON	Cronos	1.3	14.7%	61.9%
YOU	Clear Secure	4.0	13.3%	58.5%
RIVN	Rivian Automotive	22.5	12.1%	38.5%
EVCM	EverCommerce	2.2	10.9%	9.7%
LULU	Lululemon Athletica	24.5	9.6%	-46.4%
NX	Quanex Building Products	0.8	9.5%	-30.9%
OXM	Oxford Industries	0.5	9.4%	-53.1%
IIPR	Innovative Industrial Properties	1.6	8.9%	-5.9%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FRMI	Fermi	7.1	-33.8%
LENZ	LENZ Therapeutics	0.5	-26.0%	-37.2%
AIP	Arteris	0.7	-17.2%	59.9%
MOD	Modine Manufacturing	7.4	-15.3%	20.7%
FBYD	Falcons Beyond Global	0.4	-15.2%	40.7%
OKLO	Oklo	12.2	-15.1%	311.8%
SEI	Solaris Energy Infrastructure	2.0	-14.8%	62.6%
SNDK	SanDisk	30.1	-14.7%
NXDR	Nextdoor	0.9	-14.4%
RCUS	Arcus Biosciences	2.3	-14.4%	44.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
WVE	WAVE Life Sciences	2.7	121.1%	33.9%
TLRY	Tilray Brands	12.9	65.3%	-8.6%
TERN	Terns Pharmaceuticals	4.1	53.3%	712.3%
PLAB	Photronics	2.1	50.4%	54.1%
FULC	Fulcrum Therapeutics	0.8	46.1%	176.6%
WRBY	Warby Parker	3.4	46.0%	13.2%
PL	Planet Labs PBC	5.5	42.8%	351.5%
ALEX	Alexander & Baldwin	1.5	37.5%	22.5%
KYMR	Kymera Therapeutics	7.8	34.6%	122.9%
CRON	Cronos	1.3	31.3%	61.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.7%	-63.3%
FBYD	Falcons Beyond Global	0.4	-44.0%	40.7%
FRMI	Fermi	7.1	-33.4%
LENZ	LENZ Therapeutics	0.5	-32.1%	-37.2%
GOGO	Gogo	0.7	-27.9%	-37.1%
ELVN	Enliven Therapeutics	0.9	-22.7%	-25.1%
CRK	Comstock Resources	6.3	-20.8%	18.9%
BE	Bloom Energy	22.3	-20.3%	327.6%
PHR	Phreesia	1.0	-19.9%	-35.4%
MVST	Microvast	1.0	-19.7%	45.4%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.8	310.0%	466.9%
WVE	WAVE Life Sciences	2.7	138.1%	33.9%
TERN	Terns Pharmaceuticals	4.1	121.7%	712.3%
ALMS	Alumis	0.9	119.3%	46.2%
CDTX	Cidara Therapeutics	5.9	106.0%	720.9%
SGML	Sigma Lithium	1.2	87.2%	-2.6%
ANNX	Annexon	0.7	75.0%	-3.1%
NUVB	Nuvation Bio	2.9	71.0%	216.9%
ARWR	Arrowhead Pharmaceuticals	9.7	69.2%	272.8%
SVRA	Savara	1.5	68.0%	125.4%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.0%	-63.3%
FRMI	Fermi	7.1	-53.6%
JANX	Janux Therapeutics	0.9	-46.4%	-71.4%
UP	Wheels Up Experience	0.5	-41.9%	-57.4%
AGIO	Agios Pharmaceuticals	1.6	-37.5%	-17.0%
ARDT	Ardent Health	1.2	-37.4%	-48.5%
CTEV	Claritev	0.6	-36.1%
METC	Ramaco Resources	1.0	-35.9%	54.3%
QURE	uniQure	1.1	-35.2%	10.5%
IBTA	Ibotta	0.6	-34.6%	-67.1%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TLRY	Tilray Brands	12.9	44.1%	-8.6%
RZLT	Rezolute	0.2	28.6%	-63.3%
CRON	Cronos	1.3	14.7%	61.9%
YOU	Clear Secure	4.0	13.3%	58.5%
RIVN	Rivian Automotive	22.5	12.1%	38.5%
EVCM	EverCommerce	2.2	10.9%	9.7%
LULU	Lululemon Athletica	24.5	9.6%	-46.4%
NX	Quanex Building Products	0.8	9.5%	-30.9%
OXM	Oxford Industries	0.5	9.4%	-53.1%
IIPR	Innovative Industrial Properties	1.6	8.9%	-5.9%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FRMI	Fermi	7.1	-33.8%
LENZ	LENZ Therapeutics	0.5	-26.0%	-37.2%
AIP	Arteris	0.7	-17.2%	59.9%
MOD	Modine Manufacturing	7.4	-15.3%	20.7%
FBYD	Falcons Beyond Global	0.4	-15.2%	40.7%
OKLO	Oklo	12.2	-15.1%	311.8%
SEI	Solaris Energy Infrastructure	2.0	-14.8%	62.6%
SNDK	SanDisk	30.1	-14.7%
NXDR	Nextdoor	0.9	-14.4%
RCUS	Arcus Biosciences	2.3	-14.4%	44.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
WVE	WAVE Life Sciences	2.7	121.1%	33.9%
TLRY	Tilray Brands	12.9	65.3%	-8.6%
TERN	Terns Pharmaceuticals	4.1	53.3%	712.3%
PLAB	Photronics	2.1	50.4%	54.1%
FULC	Fulcrum Therapeutics	0.8	46.1%	176.6%
WRBY	Warby Parker	3.4	46.0%	13.2%
PL	Planet Labs PBC	5.5	42.8%	351.5%
ALEX	Alexander & Baldwin	1.5	37.5%	22.5%
KYMR	Kymera Therapeutics	7.8	34.6%	122.9%
CRON	Cronos	1.3	31.3%	61.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.7%	-63.3%
FBYD	Falcons Beyond Global	0.4	-44.0%	40.7%
FRMI	Fermi	7.1	-33.4%
LENZ	LENZ Therapeutics	0.5	-32.1%	-37.2%
GOGO	Gogo	0.7	-27.9%	-37.1%
ELVN	Enliven Therapeutics	0.9	-22.7%	-25.1%
CRK	Comstock Resources	6.3	-20.8%	18.9%
BE	Bloom Energy	22.3	-20.3%	327.6%
PHR	Phreesia	1.0	-19.9%	-35.4%
MVST	Microvast	1.0	-19.7%	45.4%

Peer Comparisons for Spectrum Brands

Peers to compare with:

Financials

	SPB	CENT	SMG	NWL	ENR	CHD	Median
Name	Spectrum.	Central .	Scotts M.	Newell B.	Energizer	Church &.
Mkt Price	61.33	33.58	57.75	3.81	20.29	84.61	45.66
Mkt Cap	1.3	2.1	3.3	1.6	1.4	20.7	1.8
Rev LTM	2,809	3,129	3,413	7,256	2,953	6,066	3,271
Op Inc LTM	149	250	422	447	457	1,079	434
FCF LTM	165	291	274	-20	63	931	220
FCF 3Y Avg	-62	324	432	338	244	865	331
CFO LTM	204	333	371	253	147	1,073	293
CFO 3Y Avg	-14	370	523	608	324	1,059	446

Growth & Margins

	SPB	CENT	SMG	NWL	ENR	CHD	Median
Name	Spectrum.	Central .	Scotts M.	Newell B.	Energizer	Church &.
Rev Chg LTM	-5.2%	-2.2%	-3.9%	-5.9%	2.3%	1.1%	-3.1%
Rev Chg 3Y Avg	-3.5%	-2.1%	-4.5%	-10.0%	-1.0%	4.6%	-2.8%
Rev Chg Q	-5.2%	1.3%	-6.6%	-7.2%	3.4%	-0.3%	-2.8%
QoQ Delta Rev Chg LTM	-1.4%	0.3%	-0.8%	-1.9%	0.9%	-0.1%	-0.4%
Op Mgn LTM	5.3%	8.0%	12.4%	6.2%	15.5%	17.8%	10.2%
Op Mgn 3Y Avg	3.9%	6.7%	7.7%	5.3%	13.6%	18.3%	7.2%
QoQ Delta Op Mgn LTM	0.5%	0.8%	1.0%	-0.1%	0.2%	-1.2%	0.4%
CFO/Rev LTM	7.2%	10.6%	10.9%	3.5%	5.0%	17.7%	8.9%
CFO/Rev 3Y Avg	-0.4%	11.5%	14.9%	7.6%	11.1%	18.0%	11.3%
FCF/Rev LTM	5.9%	9.3%	8.0%	-0.3%	2.1%	15.3%	7.0%
FCF/Rev 3Y Avg	-2.1%	10.1%	12.3%	4.2%	8.4%	14.7%	9.2%

Valuation

	SPB	CENT	SMG	NWL	ENR	CHD	Median
Name	Spectrum.	Central .	Scotts M.	Newell B.	Energizer	Church &.
Mkt Cap	1.3	2.1	3.3	1.6	1.4	20.7	1.8
P/S	0.4	0.7	1.0	0.3	0.5	3.5	0.6
P/EBIT	-	7.3	-	7.6	3.9	27.6	7.5
P/E	12.6	12.7	22.7	-91.5	5.8	40.8	12.6
P/CFO	6.2	6.2	8.9	8.7	9.4	20.0	8.8
Total Yield	9.8%	7.9%	9.1%	3.0%	23.6%	3.1%	8.5%
Dividend Yield	1.8%	0.0%	4.7%	4.1%	6.3%	0.7%	3.0%
FCF Yield 3Y Avg	-	14.4%	-	9.4%	11.0%	3.8%	10.2%
D/E	-	0.7	-	2.4	2.1	0.1	1.4
Net D/E	-	0.3	-	2.3	1.9	0.1	1.1

Returns

	SPB	CENT	SMG	NWL	ENR	CHD	Median
Name	Spectrum.	Central .	Scotts M.	Newell B.	Energizer	Church &.
1M Rtn	8.3%	6.0%	1.8%	13.6%	-13.6%	0.6%	3.9%
3M Rtn	15.9%	-5.8%	-3.7%	-34.4%	-30.1%	-8.6%	-7.2%
6M Rtn	20.5%	-1.8%	-3.3%	-24.9%	0.6%	-12.3%	-2.6%
12M Rtn	-30.1%	-17.5%	-19.6%	-63.4%	-42.0%	-18.9%	-24.9%
3Y Rtn	12.2%	14.4%	33.5%	-67.1%	-32.4%	7.5%	9.8%
1M Excs Rtn	16.5%	6.2%	0.3%	16.0%	-15.0%	-0.6%	3.3%
3M Excs Rtn	15.5%	-8.9%	-6.5%	-36.7%	-33.6%	-10.2%	-9.5%
6M Excs Rtn	6.3%	-16.1%	-17.6%	-39.2%	-13.6%	-26.5%	-16.8%
12M Excs Rtn	-44.4%	-31.3%	-31.2%	-78.5%	-56.6%	-33.1%	-38.7%
3Y Excs Rtn	-62.3%	-65.8%	-43.6%	-139.6%	-106.7%	-64.9%	-65.4%

Financials

Annual
Quarterly

$ Mil \| FY: 9/30	LTM	2025	2024	2023	2022	2021	2020
Period End	9/30/2025	9/30/2025	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020
Filing Date	11/18/2025	11/18/2025	11/15/2024	11/21/2023	11/22/2022	11/23/2021	11/18/2020
Key Financials
Total Revenue	2,809	2,809	2,964	2,919	3,132	2,998	2,622
EBITDA	215	215	324	-83	108	222	183
Operating Income	149	149	156	36	-5	97	60
Net Income	100	100	125	1,802	72	190	98
EPS	3.98	3.88	4.12	45.65	1.75	4.44	2.19
Growth Rates
Total Revenue Growth	-5.2%	-5.2%	1.5%	-6.8%	4.5%	14.3%	7.2%
EBITDA Growth	-33.6%	-33.6%	490.7%	-176.5%	-51.3%	21.4%	477.7%
Operating Income Growth	-1.4%	-4.2%	339.2%	769.8%	-105.5%	62.9%	-24.0%
Net Income Growth	-20.0%	-20.0%	-93.1%	2416.1%	-62.2%	93.9%	-80.2%
Margins
EBITDA Margin	7.7%	7.7%	10.9%	-2.8%	3.5%	7.4%	7.0%
Operating Income Margin	5.3%	5.3%	5.3%	1.2%	-0.2%	3.2%	2.3%
Net Income Margin	3.6%	3.6%	4.2%	61.7%	2.3%	6.3%	3.7%
Cash & Debt
Total Cash	124	124	369	1,857	244	188	532
Total Debt	654	654	679	1,651	3,213	2,551	2,469
Net Debt / (Cash)	531	531	310	-206	2,969	2,363	1,938
Cash Flows
Net Cash from Operations	204	204	163	-410	-54	288	290
Free Cash from Operations	165	165	119	-469	-118	245	246
Returns to Shareholders
Dividends	48	48	51	66	69	72	75
Share Repurchases	326	326	483	535	134	126	365

null

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Home and Personal Care (HPC)	1,234	1,243	1,370	1,260	1,108
Global Pet Care (GPC)	1,152	1,139	1,175	1,130	963
Home and Garden (H&G)	579	536	587	608	552
Total	2,964	2,919	3,132	2,998	2,622

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Non-current assets	2,264	2,332
Other current assets	1,116	2,463
Home and Personal Care (HPC)	217	200	1,231	879	825
Global Pet Care (GPC)	159	172	1,462	1,457	1,200
Home and Garden (H&G)	86	91	846	853	546
Corporate and shared operations			420	341	742
Current assets of business held for sale			1,817	1,810
Total	3,842	5,258	5,776	5,340	3,314

Price Behavior

Price Behavior

Market Price	$61.33
Market Cap ($ Bil)	1.5
First Trading Date	04/06/1983
Distance from 52W High	-30.1%
	50 Days	200 Days
DMA Price	$55.11	$57.66
DMA Trend	down	up
Distance from DMA	11.3%	6.4%
	3M	1YR
Volatility	37.1%	36.9%
Downside Capture	-11.00	99.79
Upside Capture	63.70	51.56
Correlation (SPY)	9.9%	47.7%

SPB Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	-0.22	0.17	0.27	0.66	0.88	0.90
Up Beta	0.89	1.06	1.72	1.49	0.99	0.95
Down Beta	-5.11	-0.38	-0.34	0.22	0.89	1.08
Up Capture	95%	65%	25%	47%	36%	44%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	9	23	31	59	118	372
Down Capture	-19%	-21%	6%	68%	102%	95%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	18	31	66	130	376

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of SPB With Other Asset Classes (Last 1Y)
	SPB	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-34.0%	-1.5%	13.8%	61.2%	3.6%	-3.9%	-7.4%
Annualized Volatility	36.8%	14.0%	19.7%	19.4%	15.9%	17.7%	35.6%
Sharpe Ratio	-1.06	-0.34	0.54	2.34	0.04	-0.38	-0.05
Correlation With Other Assets		38.1%	47.7%	-5.3%	9.0%	49.4%	19.7%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of SPB With Other Asset Classes (Last 5Y)
	SPB	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	0.4%	5.9%	14.5%	18.1%	11.5%	4.4%	36.1%
Annualized Volatility	36.1%	13.0%	17.1%	15.5%	18.9%	18.9%	48.9%
Sharpe Ratio	0.10	0.25	0.69	0.94	0.50	0.15	0.63
Correlation With Other Assets		37.2%	45.3%	4.6%	12.0%	42.6%	20.1%

Based On 10-Year Data

		Comparison of SPB With Other Asset Classes (Last 10Y)
	SPB	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-1.1%	7.4%	14.4%	14.3%	5.8%	5.3%	73.6%
Annualized Volatility	40.3%	14.7%	18.0%	14.7%	17.7%	20.8%	55.9%
Sharpe Ratio	0.11	0.38	0.69	0.80	0.26	0.22	0.93
Correlation With Other Assets		37.6%	46.8%	2.7%	20.6%	44.3%	12.7%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	3,090,388
Short Interest: % Change Since 11152025	-5.8%
Average Daily Volume	359,119
Days-to-Cover Short Interest	8.61
Basic Shares Quantity	23,900,000
Short % of Basic Shares	12.9%

Returns Analyses

	Title
0	How Low Can Spectrum Brands Stock Really Go?
1	Spectrum Brands Stock Return Comparison

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/13/2025	9.7%	2.7%
8/7/2025	7.4%	12.3%	8.4%
5/8/2025	3.6%	5.0%	-9.0%
2/6/2025	-7.7%	-7.2%	-8.7%
11/15/2024	-6.0%	-3.8%	-4.2%
8/8/2024	10.6%	9.6%	13.1%
5/9/2024	11.9%	12.5%	7.4%
2/8/2024	7.7%	7.2%	4.9%
...
SUMMARY STATS
# Positive	15	17	14
# Negative	9	7	10
Median Positive	3.6%	3.9%	8.3%
Median Negative	-3.7%	-3.8%	-8.7%
Max Positive	11.9%	12.5%	16.2%
Max Negative	-11.8%	-13.9%	-12.1%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11182025	10-K 9/30/2025
6302025	8072025	10-Q 6/29/2025
3312025	5082025	10-Q 3/30/2025
12312024	2062025	10-Q 12/29/2024
9302024	11152024	10-K 9/30/2024
6302024	8082024	10-Q 6/30/2024
3312024	5092024	10-Q 3/31/2024
12312023	2082024	10-Q 12/31/2023
9302023	11212023	10-K 9/30/2023
6302023	8112023	10-Q 7/2/2023
3312023	5122023	10-Q 4/2/2023
12312022	2102023	10-Q 1/1/2023
9302022	11222022	10-K 9/30/2022
6302022	8122022	10-Q 7/3/2022
3312022	5062022	10-Q 4/3/2022
12312021	2042022	10-Q 1/2/2022

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Spectrum Brands (SPB)

Market Price (12/15/2025): $61.22 | Market Cap: $1.5 BilSector: Consumer Staples | Industry: Household Products

Spectrum Brands (SPB)

Market Price (12/15/2025): $61.22Market Cap: $1.5 BilSector: Consumer StaplesIndustry: Household Products

Valuation, Metrics & Events

SPB Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Spectrum Brands (SPB)

Spectrum Brands (SPB) - Major Customers

Pet Care

Home & Garden

Home and Personal Care (Small Household Appliances and Personal Care Products)

Interactive Breakdown

Better Bets than Spectrum Brands (SPB)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Spectrum Brands

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/15/2025): $61.22 | Market Cap: $1.5 Bil
Sector: Consumer Staples | Industry: Household Products

Market Price (12/15/2025): $61.22
Market Cap: $1.5 Bil
Sector: Consumer Staples
Industry: Household Products