Spectrum Brands (SPB) Financials

$60.41 -0.93 (-1.51%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$60.42 +0.01 (+0.01%)

As of 04/15/2025 05:07 PM Eastern

Annual Income Statements for Spectrum Brands

This table shows Spectrum Brands' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-84	-557	-199	106	950	1,036	98	190	72	1,802	125
Consolidated Net Income / (Loss)	102	-512	-34	273	1,055	1,038	99	190	73	1,802	125
Net Income / (Loss) Continuing Operations	14	-220	68	-16	634	-564	-52	15	-77	-234	99
Total Pre-Tax Income	104	-180	9.20	-28	94	-652	-25	-11	-90	-290	164
Total Operating Income	427	179	335	288	527	-300	8.60	97	23	-206	171
Total Gross Profit	1,759	1,703	1,247	1,336	2,669	1,639	878	1,035	990	924	1,109
Total Revenue	4,635	4,754	3,038	3,707	7,617	4,893	2,622	2,998	3,133	2,919	2,964
Operating Revenue	4,635	4,754	3,038	3,707	7,617	4,893	2,622	2,998	3,133	2,919	2,964
Total Cost of Revenue	2,876	3,051	1,792	2,370	4,949	3,254	1,744	1,964	2,142	1,995	1,855
Operating Cost of Revenue	2,876	3,051	1,792	2,370	4,949	3,254	1,744	1,964	2,142	1,995	1,855
Total Operating Expenses	1,332	1,524	912	1,049	2,142	1,939	870	938	967	1,130	939
Selling, General & Admin Expense	1,181	1,524	823	933	1,808	1,414	789	908	996	900	959
Marketing Expense	-	-	-	-	-	-	-	-	-	-	-65
Impairment Charge	2.10	-	13	16	41	303	24	0.00	0.00	232	45
Other Special Charges / (Income)	-	-	-	-	0.00	0.00	27	0.00	-29	-1.50	0.00
Total Other Income / (Expense), net	-323	-359	-326	-315	-432	-352	-34	-108	-114	-85	-7.00
Interest Expense	299	408	335	310	431	265	18	117	99	119	56
Interest & Investment Income	-13	39	-	-	-	-	-	1.10	0.60	38	58
Other Income / (Expense), net	-12	10	8.80	-5.00	-1.10	-87	-16	7.20	-15	-3.80	-8.60
Income Tax Expense	90	40	-58	-12	-540	-88	27	-26	-13	-57	64
Net Income / (Loss) Discontinued Operations	87	-293	-102	289	421	1,602	151	174	150	2,036	26
Net Income / (Loss) Attributable to Noncontrolling Interest	112	44	165	167	105	2.60	0.70	0.00	1.10	0.40	0.00
Basic Earnings per Share	($0.51)	($2.81)	($6.21)	$3.29	$20.79	$9.76	$2.19	$4.44	$1.75	$45.65	$4.12
Weighted Average Basic Shares Outstanding	52.60M	198.14M	32M	32.20M	36.90M	50.70M	44.70M	42.70M	40.90M	39.50M	30.30M
Diluted Earnings per Share	($0.51)	($2.81)	($6.21)	$3.29	$20.74	$9.76	$2.19	$4.39	$1.75	$45.65	$4.10
Weighted Average Diluted Shares Outstanding	52.60M	198.14M	32M	32.20M	37M	50.70M	44.70M	43.20M	40.90M	39.50M	30.50M
Weighted Average Basic & Diluted Shares Outstanding	52.60M	198.14M	198.37M	32.20M	37M	48.82M	43.08M	41.19M	40.79M	35.31M	28.05M
Cash Dividends to Common per Share	$1.15	$1.27	$1.47	$0.00	$0.42	$1.68	$1.68	$1.68	$1.68	$1.68	$1.68

This table shows Spectrum Brands' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	33	15	-21	-54	1,859	17	29	61	6.10	29	24
Consolidated Net Income / (Loss)	33	15	-21	-54	1,860	16	29	61	6.00	29	24
Net Income / (Loss) Continuing Operations	3.00	-25	-40	-75	-172	54	18	50	19	13	25
Total Pre-Tax Income	5.00	-17	-52	-110	-158	30	30	75	42	17	36
Total Operating Income	39	16	-20	-77	-125	16	25	76	48	22	45
Total Gross Profit	276	240	202	215	264	244	245	273	303	288	258
Total Revenue	818	750	713	729	736	741	692	719	779	774	700
Operating Revenue	818	750	713	729	736	741	692	719	779	774	700
Total Cost of Revenue	542	510	511	515	472	496	447	445	477	486	442
Operating Cost of Revenue	542	510	511	515	472	496	447	445	477	486	442
Total Operating Expenses	237	223	222	292	388	228	220	198	255	266	213
Selling, General & Admin Expense	256	249	222	225	223	230	220	224	255	260	213
Total Other Income / (Expense), net	-34	-34	-32	-33	-34	14	4.90	-0.50	-6.20	-5.20	-8.30
Interest Expense	26	27	33	32	39	15	15	17	18	1.90	6.20
Interest & Investment Income	0.10	-	0.10	0.20	5.40	33	23	18	13	3.20	2.60
Other Income / (Expense), net	-7.80	-7.20	1.40	-1.40	-0.10	-3.70	-4.00	-1.10	-1.70	-6.50	-4.70
Income Tax Expense	2.00	7.50	-12	-35	14	-24	12	26	22	4.00	12
Net Income / (Loss) Discontinued Operations	30	40	20	21	2,032	-37	12	11	-13	16	-0.80
Net Income / (Loss) Attributable to Noncontrolling Interest	0.20	0.40	0.40	0.10	0.40	-0.50	0.10	-0.20	-0.10	0.20	0.30
Basic Earnings per Share	$0.80	$0.36	($0.51)	($1.31)	$46.07	$1.40	$0.85	$2.03	$0.21	$1.03	$0.84
Weighted Average Basic Shares Outstanding	40.80M	40.90M	40.90M	41M	40.40M	39.50M	34M	30.20M	28.90M	30.30M	27.90M
Diluted Earnings per Share	$0.80	$0.36	($0.51)	($1.31)	$46.07	$1.40	$0.85	$2.01	$0.21	$1.03	$0.84
Weighted Average Diluted Shares Outstanding	41M	40.90M	40.90M	41M	40.40M	39.50M	34.10M	30.40M	29.10M	30.50M	28.10M
Weighted Average Basic & Diluted Shares Outstanding	40.78M	40.79M	41.00M	41.00M	35.67M	35.31M	30.27M	29.15M	28.03M	28.05M	26.31M
Cash Dividends to Common per Share	$0.42	$0.42	$0.42	$0.42	$0.42	$0.42	$0.42	$0.42	$0.42	$0.42	$0.47

This table details how cash moves in and out of Spectrum Brands' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-580	-30	169	-164	321	74	-93	-344	54	510	-383
Net Cash From Operating Activities	704	317	913	840	343	1.10	290	288	-54	-410	163
Net Cash From Continuing Operating Activities	477	293	274	276	117	-43	202	89	-232	8.00	270
Net Income / (Loss) Continuing Operations	14	-220	68	-16	427	-302	-52	15	-77	-234	99
Consolidated Net Income / (Loss)	102	-512	-34	273	872	496	99	190	73	1,802	125
Net Income / (Loss) Discontinued Operations	87	-293	-102	289	445	798	151	174	150	2,036	26
Depreciation Expense	77	171	120	147	125	147	59	52	49	49	57
Amortization Expense	103	22	21	17	20	9.90	62	71	57	49	48
Non-Cash Adjustments To Reconcile Net Income	82	201	95	104	40	246	25	37	19	251	66
Changes in Operating Assets and Liabilities, net	202	118	-30	24	-495	-144	109	-86	-279	-107	-1.50
Net Cash From Discontinued Operating Activities	227	24	639	564	226	44	89	199	178	-418	-107
Net Cash From Investing Activities	-1,942	-2,141	-891	-1,587	1,273	2,798	108	-424	-360	3,180	1,021
Net Cash From Continuing Investing Activities	-270	-1,070	162	-339	1,475	2,821	125	-401	-336	3,192	1,021
Purchase of Property, Plant & Equipment	-76	-91	-61	-82	-76	-	-44	-44	-64	-59	-44
Acquisitions	-27	-1,310	-	-289	0.00	0.00	-17	-430	-272	0.00	0.00
Purchase of Investments	-102	-	-	-	-	-	-	0.00	0.00	-1,092	-849
Sale of Property, Plant & Equipment	9.20	1.40	20	4.60	4.20	2.10	33	0.10	0.20	8.40	0.00
Divestitures	-	-	-	0.00	1,547	2,860	151	73	0.00	4,335	-27
Sale and/or Maturity of Investments	55	71	35	-	-	-	-	-	0.00	0.00	1,941
Other Investing Activities, net	-129	259	168	28	-0.50	-41	2.30	-0.40	0.00	-0.20	0.10
Net Cash From Discontinued Investing Activities	-1,672	-1,072	-1,053	-1,249	-202	-23	-17	-23	-24	-12	0.00
Net Cash From Financing Activities	666	1,731	149	583	-1,295	-2,725	-497	-210	488	-2,264	-1,578
Net Cash From Continuing Financing Activities	-147	777	-727	-288	-1,406	-2,722	-495	-207	491	-2,263	-1,578
Repayment of Debt	-945	-3,095	-1,096	-265	-1,076	-2,653	-146	-900	-20	-1,649	-1,364
Repurchase of Preferred Equity	-	-	-	-	0.00	0.00	-125	0.00	0.00	-500	0.00
Repurchase of Common Equity	-66	-22	-	0.00	0.00	-269	-240	-126	-134	-35	-483
Payment of Dividends	-29	-31	-37	-13	-29	-94	-272	-72	-71	-67	-51
Issuance of Debt	936	3,715	487	322	40	300	300	899	740	0.00	350
Other Financing Activities, net	-44	-71	-81	-333	-341	-5.50	-13	-8.30	-25	-13	-31
Net Cash From Discontinued Financing Activities	813	954	876	871	110	-3.00	-2.00	-3.00	-3.10	-0.80	0.00
Other Net Changes in Cash	-	91	-	-	-	-	-	-	-20	3.70	11
Cash Interest Paid	279	396	398	324	314	0.00	127	136	146	168	71
Cash Income Taxes Paid	81	54	36	38	54	0.00	42	35	46	475	101

This table details how cash moves in and out of Spectrum Brands' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	52	-3.80	-16	100	2,603	-2,177	-309	300	-588	213	-189
Net Cash From Operating Activities	69	85	-64	242	-73	-514	-4.30	3.50	83	81	-72
Net Cash From Continuing Operating Activities	31	-51	-57	206	-76	-65	18	63	98	91	-72
Net Income / (Loss) Continuing Operations	3.00	-25	-40	-75	-172	54	18	50	19	13	25
Consolidated Net Income / (Loss)	33	15	-21	-54	1,860	16	29	61	5.90	29	24
Net Income / (Loss) Discontinued Operations	30	40	20	21	2,032	-37	12	11	-13	16	-0.80
Depreciation Expense	12	12	12	12	12	13	14	14	14	14	14
Amortization Expense	15	12	12	13	12	12	12	12	13	12	11
Non-Cash Adjustments To Reconcile Net Income	3.50	-0.70	-15	95	163	7.70	3.70	31	27	6.40	4.70
Changes in Operating Assets and Liabilities, net	-2.50	-50	-27	162	-108	-134	-30	-44	26	46	-127
Net Cash From Discontinued Operating Activities	37	135	-7.20	36	2.80	-450	-22	-59	-15	-11	-0.50
Net Cash From Investing Activities	16	-24	-14	-20	4,315	-1,101	134	411	341	136	-5.90
Net Cash From Continuing Investing Activities	21	-19	-10	-16	4,319	-1,101	134	411	341	136	-5.90
Purchase of Property, Plant & Equipment	-21	-19	-10	-16	-18	-15	-8.40	-13	-10	-13	-5.90
Purchase of Investments	-	-	0.00	-	-	-1,092	-700	-	-149	-	0.00
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	842	450	500	149	0.00
Net Cash From Financing Activities	-24	-55	56	-126	-1,638	-557	-440	-114	-1,010	-14	-97
Net Cash From Continuing Financing Activities	-23	-55	57	-126	-1,637	-557	-440	-114	-1,010	-14	-97
Repayment of Debt	-4.20	-2.90	-5.60	-18	-1,119	-506	-177	-3.80	-1,181	-2.60	-2.70
Repurchase of Preferred Equity	-	-	-	-	-	-	0.00	-	-	-	-4.10
Repurchase of Common Equity	-	-	0.00	-	-	-35	-243	-98	-142	-	-73
Payment of Dividends	-19	-17	-17	-17	-17	-15	-14	-13	-12	-12	-13
Other Financing Activities, net	-	-	-11	-	-0.80	-1.70	-5.40	-	-25	0.10	-4.40
Effect of Exchange Rate Changes	-8.50	-	5.70	4.00	-1.90	-	2.00	-	-	-	-13
Cash Interest Paid	17	48	26	61	48	34	22	14	31	4.30	7.00
Cash Income Taxes Paid	7.40	9.00	6.10	19	20	429	3.40	74	4.50	20	11

This table presents Spectrum Brands' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	30,100	35,032	33,580	35,850	7,799	5,246	10,292	5,340	5,776	5,258	3,842
Total Current Assets	3,021	27,032	28,029	30,036	3,971	1,660	3,533	2,914	3,235	2,926	1,579
Cash & Equivalents	1,319	661	465	270	553	627	1,059	188	244	754	369
Accounts Receivable	585	614	539	286	369	431	773	312	343	562	706
Inventories, net	635	781	741	496	584	548	637	563	781	463	462
Prepaid Expenses	-	-	-	55	63	54	62	41	51	44	42
Plant, Property, & Equipment, net	909	510	543	504	500	453	511	260	264	275	267
Total Noncurrent Assets	26,171	7,490	5,008	5,310	3,328	3,133	6,247	2,167	2,277	2,057	1,997
Goodwill	1,525	2,487	2,478	2,277	1,455	1,328	1,254	867	953	855	865
Intangible Assets	2,684	2,480	2,373	1,612	1,642	1,507	2,093	1,204	1,202	1,060	990
Other Noncurrent Operating Assets	2,820	2,465	138	44	232	67	313	95	121	143	142
Total Liabilities & Shareholders' Equity	30,100	35,032	33,580	35,850	7,799	5,246	10,292	5,340	5,776	5,258	3,842
Total Liabilities	27,843	33,443	31,763	33,903	6,209	3,517	7,611	3,861	4,507	2,740	1,701
Total Current Liabilities	1,033	26,337	25,984	27,645	1,429	1,140	1,887	1,164	1,188	765	687
Short-Term Debt	-	-	258	161	27	137	28	12	12	8.60	9.40
Accounts Payable	1,033	1,062	983	373	585	457	725	389	453	397	397
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	0.00	-	-	-	16	115	25
Current Employee Benefit Liabilities	-	-	-	55	55	72	123	67	28	46	79
Other Current Liabilities	-	1,856	-	126	159	445	327	212	188	178	172
Other Current Nonoperating Liabilities	-	23,419	24,554	26,929	603	29	684	484	491	21	4.70
Total Noncurrent Liabilities	26,810	7,107	11,494	6,258	4,781	2,377	5,723	2,697	3,318	1,975	1,014
Long-Term Debt	-	-	10,794	5,544	4,624	2,214	4,811	2,494	3,145	1,547	551
Noncurrent Deferred & Payable Income Tax Liabilities	533	575	546	493	35	51	334	60	60	280	342
Other Noncurrent Operating Liabilities	26,191	6,440	29	65	121	112	328	144	114	148	120
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,257	1,588	1,817	1,947	1,590	1,729	2,681	1,479	1,269	2,518	2,142
Total Preferred & Common Equity	1,442	587	638	758	1,581	1,721	2,663	1,472	1,263	2,518	2,141
Total Common Equity	1,442	587	638	758	1,581	1,721	2,663	1,472	1,263	2,518	2,141
Common Stock	1,474	1,461	1,449	1,375	1,997	2,032	2,055	2,064	2,033	1,921	1,989
Retained Earnings	-276	-833	-1,032	-926	-180	224	-370	360	362	2,096	2,169
Treasury Stock	-	-	-	-	0.00	-261	-607	-717	-829	-1,250	-1,813
Accumulated Other Comprehensive Income / (Loss)	244	-41	221	309	-236	-274	-569	-235	-303	-249	-204
Noncontrolling Interest	815	1,001	1,179	1,189	8.30	8.00	18	7.10	5.90	0.70	0.80

This table presents Spectrum Brands' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Total Assets	6,012	5,766	5,785	6,354	4,846	4,757	3,755	3,615
Total Current Assets	3,398	3,181	3,171	3,980	2,516	2,461	1,493	1,407
Cash & Equivalents	248	228	328	2,930	445	746	158	180
Accounts Receivable	387	391	407	471	611	715	705	680
Inventories, net	817	702	586	528	457	454	440	507
Prepaid Expenses	47	48	52	51	53	46	42	39
Plant, Property, & Equipment, net	0.00	264	269	275	271	270	267	256
Total Noncurrent Assets	2,614	2,321	2,345	2,099	2,059	2,026	1,996	1,952
Goodwill	959	965	969	859	860	858	858	857
Intangible Assets	1,233	1,211	1,141	1,079	1,056	1,002	991	963
Other Noncurrent Operating Assets	422	145	236	162	143	166	147	133
Total Liabilities & Shareholders' Equity	6,012	5,766	5,785	6,354	4,846	4,757	3,755	3,615
Total Liabilities	4,700	4,526	4,596	3,795	2,545	2,499	1,670	1,586
Total Current Liabilities	1,278	1,081	1,177	1,783	749	659	654	587
Short-Term Debt	12	13	13	459	8.80	9.00	9.10	9.20
Accounts Payable	507	365	496	461	383	376	369	362
Current Deferred & Payable Income Tax Liabilities	-	-	-	607	125	33	41	25
Current Employee Benefit Liabilities	28	26	28	36	33	48	61	32
Other Current Liabilities	234	201	201	186	182	174	170	156
Other Current Nonoperating Liabilities	497	476	439	34	17	19	3.10	3.10
Total Noncurrent Liabilities	3,422	3,445	3,419	2,012	1,795	1,840	1,016	999
Long-Term Debt	3,210	3,268	3,176	1,619	1,388	1,374	551	550
Noncurrent Deferred & Payable Income Tax Liabilities	73	63	75	140	174	190	175	342
Other Noncurrent Operating Liabilities	140	115	169	253	234	276	289	108
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,312	1,239	1,189	2,560	2,302	2,258	2,085	2,029
Total Preferred & Common Equity	1,306	1,233	1,182	2,559	2,301	2,257	2,085	2,029
Total Common Equity	1,306	1,233	1,182	2,559	2,301	2,257	2,085	2,029
Common Stock	2,033	2,012	2,017	1,920	1,994	1,999	1,984	1,983
Retained Earnings	364	324	253	2,094	2,111	2,159	2,153	2,179
Treasury Stock	-829	-814	-814	-1,217	-1,571	-1,669	-1,813	-1,880
Accumulated Other Comprehensive Income / (Loss)	-262	-289	-273	-239	-233	-231	-239	-253
Noncontrolling Interest	6.10	6.60	6.90	1.20	0.90	0.60	0.50	0.10

This table displays calculated financial ratios and metrics derived from Spectrum Brands' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-16.39%	2.57%	-36.09%	21.99%	105.51%	-35.77%	-46.41%	14.34%	4.48%	-6.82%	1.55%
EBITDA Growth	-47.31%	-35.71%	26.95%	-7.83%	49.89%	-134.30%	149.33%	100.09%	-49.36%	-196.87%	340.52%
EBIT Growth	-43.22%	-54.46%	81.66%	-17.81%	85.98%	-173.68%	98.04%	1,472.37%	-91.85%	-2,563.53%	177.36%
NOPAT Growth	113.76%	269.19%	1,026.32%	-93.26%	2,031.02%	-105.94%	102.87%	1,029.07%	-76.11%	-986.21%	171.95%
Net Income Growth	247.39%	-603.83%	93.38%	905.90%	286.13%	-1.56%	-90.51%	92.49%	-61.66%	2,378.54%	-93.07%
EPS Growth	23.88%	-450.98%	93.38%	905.90%	530.40%	-52.94%	-77.56%	100.46%	-60.14%	2,508.57%	-91.02%
Operating Cash Flow Growth	34.81%	-55.01%	188.29%	-8.00%	-59.14%	-99.68%	26,290.91%	-0.65%	-118.65%	-661.52%	139.69%
Free Cash Flow Firm Growth	2,946.56%	-1,321.77%	80.88%	-737.26%	209.21%	-90.67%	-119.44%	355.28%	-126.28%	228.92%	-99.49%
Invested Capital Growth	-8.08%	96.53%	915.61%	542.87%	-80.99%	-48.31%	17.10%	-35.09%	15.59%	-21.69%	4.52%
Revenue Q/Q Growth	-36.45%	101.80%	-40.20%	160.75%	0.00%	0.00%	-54.09%	1,307.56%	-0.26%	-0.30%	1.13%
EBITDA Q/Q Growth	-33.77%	417.97%	-54.37%	81.13%	287.68%	-230.70%	-83.28%	125.52%	9.01%	2.79%	-1.18%
EBIT Q/Q Growth	-33.16%	169.03%	-61.58%	89.09%	0.00%	0.00%	-101.38%	110.59%	219.72%	1.60%	-2.99%
NOPAT Q/Q Growth	-98.26%	148.87%	153.21%	5.70%	0.00%	0.00%	-98.28%	110.28%	700.00%	-0.05%	-20.70%
Net Income Q/Q Growth	183.91%	-39.35%	82.81%	-4.27%	0.00%	0.00%	-80.14%	-13.39%	-32.56%	0.07%	10.93%
EPS Q/Q Growth	59.20%	-41.92%	82.81%	-4.27%	0.00%	0.00%	-93.61%	124.50%	-30.56%	2.33%	-8.28%
Operating Cash Flow Q/Q Growth	18.80%	-15.88%	5.38%	11.03%	-37.99%	102.99%	-38.63%	9.33%	-138.13%	-316.89%	137.63%
Free Cash Flow Firm Q/Q Growth	-71.91%	-2,489.97%	81.03%	-46,736.01%	530.48%	-2.27%	79.43%	-33.81%	-130.70%	-52.28%	100.52%
Invested Capital Q/Q Growth	-2.89%	96.65%	1,362.52%	10,764.00%	-6.61%	-15.36%	-44.54%	-39.46%	-0.91%	28.40%	-0.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.96%	35.82%	41.03%	36.06%	35.03%	33.50%	33.49%	34.51%	31.62%	31.67%	37.43%
EBITDA Margin	12.83%	8.04%	15.97%	12.07%	8.80%	-4.70%	4.32%	7.57%	3.67%	-3.81%	9.03%
Operating Margin	9.22%	3.77%	11.02%	7.76%	6.91%	-6.13%	0.33%	3.24%	0.74%	-7.04%	5.76%
EBIT Margin	8.97%	3.98%	11.31%	7.62%	6.90%	-7.91%	-0.29%	3.48%	0.27%	-7.17%	5.47%
Profit (Net Income) Margin	2.19%	-10.78%	-1.12%	7.37%	13.85%	21.22%	3.76%	6.32%	2.32%	61.73%	4.21%
Tax Burden Percent	97.79%	284.51%	-368.48%	-979.21%	1,117.48%	-159.36%	-392.43%	-1,708.11%	-80.51%	-620.92%	76.28%
Interest Burden Percent	25.03%	-95.19%	2.68%	-9.88%	17.97%	168.33%	330.26%	-10.64%	-1,062.35%	138.59%	100.99%
Effective Tax Rate	86.15%	-21.99%	-634.78%	42.29%	-571.50%	0.00%	0.00%	0.00%	0.00%	0.00%	39.30%
Return on Invested Capital (ROIC)	0.00%	0.00%	108.98%	0.87%	17.96%	-4.40%	0.17%	2.16%	0.61%	-5.65%	4.53%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-340.15%	1.49%	4.11%	35.72%	7.15%	13.64%	4.99%	292.19%	-45.77%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-110.97%	13.65%	41.70%	66.99%	4.30%	6.95%	4.68%	100.80%	0.83%
Return on Equity (ROE)	5.47%	-26.65%	-1.99%	14.52%	59.66%	62.58%	4.47%	9.12%	5.29%	95.15%	5.36%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-64.45%	-145.29%	154.06%	59.30%	-15.58%	44.72%	-13.85%	18.68%	0.11%
Operating Return on Assets (OROA)	1.43%	0.58%	1.00%	0.81%	2.41%	-5.93%	-0.10%	1.33%	0.15%	-3.80%	3.56%
Return on Assets (ROA)	0.35%	-1.57%	-0.10%	0.79%	4.83%	15.92%	1.27%	2.43%	1.31%	32.66%	2.74%
Return on Common Equity (ROCE)	3.18%	-14.06%	-0.72%	5.38%	39.46%	62.28%	4.44%	9.06%	5.27%	94.99%	5.35%
Return on Equity Simple (ROE_SIMPLE)	7.05%	-	-	-	66.71%	60.34%	3.70%	12.88%	5.76%	71.57%	5.83%
Net Operating Profit after Tax (NOPAT)	59	218	2,461	166	3,535	-210	6.02	68	16	-144	104
NOPAT Margin	1.28%	4.60%	80.99%	4.48%	46.41%	-4.29%	0.23%	2.27%	0.52%	-4.93%	3.49%
Net Nonoperating Expense Percent (NNEP)	0.22%	-6.45%	449.13%	-0.62%	13.84%	-40.12%	-6.98%	-11.48%	-4.38%	-297.84%	50.30%
Cost of Revenue to Revenue	62.05%	64.18%	58.97%	63.94%	64.97%	66.50%	66.51%	65.49%	68.38%	68.33%	62.57%
SG&A Expenses to Revenue	25.48%	32.05%	27.10%	25.18%	23.73%	28.89%	30.10%	30.28%	31.79%	30.82%	32.34%
R&D to Revenue	0.00%	0.00%	0.89%	1.20%	1.17%	1.31%	1.11%	0.99%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.73%	32.05%	30.01%	28.30%	28.12%	39.64%	33.16%	31.27%	30.88%	38.71%	31.67%
Earnings before Interest and Taxes (EBIT)	416	189	344	283	525	-387	-7.60	104	8.50	-209	162
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	595	382	485	447	670	-230	113	227	115	-111	268
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.42	3.80	4.68	3.94	2.18	1.33	0.85	2.60	1.20	1.09	1.25
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.54	9.34
Price to Revenue (P/Rev)	0.44	0.47	0.98	0.81	0.45	0.47	0.86	1.28	0.49	0.94	0.90
Price to Earnings (P/E)	0.00	0.00	0.00	28.19	3.63	2.21	23.17	20.19	21.23	1.52	21.37
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.65%	3.57%	3.19%	1.87%	4.51%	2.19%	1.77%
Earnings Yield	-4.09%	-24.99%	-6.66%	3.55%	27.51%	45.16%	4.32%	4.95%	4.71%	65.77%	4.68%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.79	0.29	1.20	1.17	1.59	2.49	1.55	1.09	1.22
Enterprise Value to Revenue (EV/Rev)	0.00	0.54	3.04	2.59	0.99	0.78	2.31	2.05	1.42	0.84	0.96
Enterprise Value to EBITDA (EV/EBITDA)	0.00	6.72	19.01	21.49	11.28	0.00	53.48	27.12	38.63	0.00	10.68
Enterprise Value to EBIT (EV/EBIT)	0.00	13.57	26.84	34.02	14.39	0.00	0.00	58.99	522.20	0.00	17.65
Enterprise Value to NOPAT (EV/NOPAT)	0.00	11.75	3.75	57.93	2.14	0.00	1,007.34	90.52	273.32	0.00	27.62
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	8.11	10.10	11.44	22.02	3,450.15	20.89	21.33	0.00	0.00	17.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.25	1.34	0.00	4.38	0.00	5.13	1,167.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	3.04	2.93	2.93	1.36	1.80	1.69	2.49	0.62	0.26
Long-Term Debt to Equity	0.00	0.00	2.90	2.85	2.91	1.28	1.79	1.69	2.48	0.61	0.26
Financial Leverage	-10.42	-5.90	0.33	9.16	10.14	1.88	0.60	0.51	0.94	0.35	-0.02
Leverage Ratio	15.59	16.94	20.15	18.45	12.34	3.93	3.52	3.76	4.05	2.91	1.95
Compound Leverage Factor	3.90	-16.12	0.54	-1.82	2.22	6.62	11.64	-0.40	-42.97	4.04	1.97
Debt to Total Capital	0.00%	0.00%	75.25%	74.56%	74.53%	57.63%	64.35%	62.89%	71.33%	38.18%	20.75%
Short-Term Debt to Total Capital	0.00%	0.00%	3.51%	2.11%	0.43%	3.36%	0.37%	0.30%	0.28%	0.21%	0.35%
Long-Term Debt to Total Capital	0.00%	0.00%	71.74%	72.45%	74.10%	54.27%	63.98%	62.59%	71.05%	37.97%	20.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	36.13%	63.06%	16.06%	15.54%	0.13%	0.20%	0.24%	0.18%	0.13%	0.02%	0.03%
Common Equity to Total Capital	63.87%	36.94%	8.69%	9.91%	25.34%	42.18%	35.41%	36.93%	28.54%	61.80%	79.22%
Debt to EBITDA	0.00	0.00	11.39	12.76	6.94	-10.23	42.67	11.05	27.47	-13.98	2.09
Net Debt to EBITDA	0.00	0.00	10.43	12.15	6.11	-6.50	33.33	10.22	25.35	2.71	0.72
Long-Term Debt to EBITDA	0.00	0.00	10.86	12.40	6.90	-9.63	42.43	10.99	27.37	-13.90	2.06
Debt to NOPAT	0.00	0.00	2.25	34.39	1.32	-11.19	803.82	36.87	194.38	-10.81	5.42
Net Debt to NOPAT	0.00	0.00	2.06	32.76	1.16	-7.11	627.87	34.11	179.38	2.10	1.85
Long-Term Debt to NOPAT	0.00	0.00	2.14	33.41	1.31	-10.54	799.20	36.70	193.63	-10.75	5.33
Altman Z-Score	0.31	0.18	0.21	0.23	1.89	1.26	0.57	1.71	1.26	2.07	2.92
Noncontrolling Interest Sharing Ratio	41.76%	47.25%	64.03%	62.91%	33.85%	0.49%	0.59%	0.61%	0.47%	0.17%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.92	1.03	1.08	1.09	2.78	1.46	1.87	2.50	2.72	3.83	2.30
Quick Ratio	2.02	0.05	0.04	0.02	0.64	0.93	0.97	0.43	0.49	3.16	1.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,420	-17,354	-3,318	-27,777	30,335	2,829	-550	1,404	-369	476	2.45
Operating Cash Flow to CapEx	1,061.99%	355.16%	2,206.04%	1,088.34%	478.80%	0.00%	2,663.30%	662.99%	-84.33%	-809.68%	369.55%
Free Cash Flow to Firm to Interest Expense	4.75	-42.55	-9.92	-89.49	70.38	10.70	-31.43	12.05	-3.71	3.99	0.04
Operating Cash Flow to Interest Expense	2.36	0.78	2.73	2.71	0.80	0.00	16.59	2.48	-0.54	-3.44	2.91
Operating Cash Flow Less CapEx to Interest Expense	2.13	0.56	2.61	2.46	0.63	0.01	15.97	2.10	-1.18	-3.86	2.12
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.16	0.15	0.09	0.11	0.35	0.75	0.34	0.38	0.56	0.53	0.65
Accounts Receivable Turnover	7.75	7.93	5.27	8.99	23.28	12.24	4.35	5.52	9.56	6.45	4.68
Inventory Turnover	4.54	4.31	2.36	3.83	9.17	5.75	2.94	3.27	3.19	3.21	4.01
Fixed Asset Turnover	4.87	6.70	5.77	7.08	15.18	10.27	5.44	7.77	11.96	10.83	10.94
Accounts Payable Turnover	2.81	2.91	1.75	3.49	10.33	6.25	2.95	3.53	5.09	4.69	4.67
Days Sales Outstanding (DSO)	47.11	46.03	69.26	40.61	15.68	29.83	83.82	66.08	38.17	56.57	78.06
Days Inventory Outstanding (DIO)	80.48	84.70	154.97	95.24	39.82	63.50	124.07	111.54	114.45	113.77	91.01
Days Payable Outstanding (DPO)	129.83	125.32	208.32	104.44	35.32	58.42	123.66	103.50	71.71	77.75	78.12
Cash Conversion Cycle (CCC)	-2.24	5.41	15.90	31.42	20.18	34.90	84.23	74.12	80.92	92.59	90.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-18,203	-631	5,147	33,090	6,291	3,252	3,808	2,472	2,857	2,237	2,338
Invested Capital Turnover	-0.26	-0.50	1.35	0.19	0.39	1.03	0.74	0.95	1.18	1.15	1.30
Increase / (Decrease) in Invested Capital	-1,361	17,572	5,778	27,943	-26,800	-3,039	556	-1,336	385	-620	101
Enterprise Value (EV)	-17,596	2,568	9,226	9,612	7,559	3,795	6,064	6,153	4,439	2,438	2,860
Market Capitalization	2,049	2,228	2,986	2,988	3,452	2,294	2,266	3,827	1,520	2,739	2,667
Book Value per Share	$8.85	$2.96	$19.94	$23.54	$29.61	$35.29	$61.84	$34.61	$30.98	$70.57	$76.38
Tangible Book Value per Share	($16.98)	($22.11)	($131.65)	($97.24)	($28.37)	($22.85)	($15.91)	($14.09)	($21.88)	$16.90	$10.19
Total Capital	2,257	1,588	7,343	7,652	6,241	4,080	7,520	3,985	4,426	4,074	2,703
Total Debt	0.00	0.00	5,526	5,705	4,651	2,351	4,839	2,506	3,157	1,556	561
Total Long-Term Debt	0.00	0.00	5,268	5,544	4,624	2,214	4,811	2,494	3,145	1,547	551
Net Debt	-20,460	-661	5,061	5,435	4,099	1,493	3,780	2,318	2,913	-302	192
Capital Expenditures (CapEx)	66	89	41	77	72	-2.10	11	44	64	51	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	484	35	1,839	2,282	2,016	30	615	1,574	1,816	313	532
Debt-free Net Working Capital (DFNWC)	1,988	696	2,304	2,553	2,569	657	1,674	1,762	2,060	2,170	901
Net Working Capital (NWC)	1,988	696	2,046	2,391	2,542	520	1,646	1,750	2,047	2,161	892
Net Nonoperating Expense (NNE)	-43	731	2,495	-107	2,481	-1,248	-92	-122	-56	-1,946	-21
Net Nonoperating Obligations (NNO)	-20,460	-2,219	3,330	31,144	4,701	1,523	1,127	993	1,588	-281	197
Total Depreciation and Amortization (D&A)	179	193	142	165	145	157	121	123	106	98	106
Debt-free, Cash-free Net Working Capital to Revenue	10.43%	0.73%	60.51%	61.58%	26.47%	0.61%	23.44%	52.49%	57.97%	10.71%	17.95%
Debt-free Net Working Capital to Revenue	42.89%	14.64%	75.82%	68.87%	33.72%	13.42%	63.83%	58.75%	65.75%	74.34%	30.40%
Net Working Capital to Revenue	42.89%	14.64%	67.33%	64.51%	33.37%	10.62%	62.77%	58.35%	65.35%	74.04%	30.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($3.16)	($17.43)	($6.21)	$3.29	$20.79	$9.31	$2.19	$4.44	$1.75	$45.65	$4.12
Adjusted Weighted Average Basic Shares Outstanding	26.27M	31.95M	32M	32.20M	36.90M	50.70M	44.70M	42.70M	40.90M	39.50M	30.30M
Adjusted Diluted Earnings per Share	($3.16)	($17.43)	($6.21)	$3.29	$20.74	$9.31	$2.18	$4.39	$1.75	$45.65	$4.10
Adjusted Weighted Average Diluted Shares Outstanding	26.27M	31.95M	32M	32.20M	37M	50.70M	44.90M	43.20M	40.90M	39.50M	30.50M
Adjusted Basic & Diluted Earnings per Share	($3.16)	($17.43)	($6.21)	$3.29	$0.00	$9.31	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.27M	31.95M	32M	32.20M	53.43M	48.82M	43.08M	41.19M	40.79M	35.31M	28.05M
Normalized Net Operating Profit after Tax (NOPAT)	301	125	277	207	540	113	42	68	-3.71	17	131
Normalized NOPAT Margin	6.49%	2.64%	9.13%	5.58%	7.09%	2.31%	1.59%	2.27%	-0.12%	0.59%	4.42%
Pre Tax Income Margin	2.24%	-3.79%	0.30%	-0.75%	1.24%	-13.32%	-0.96%	-0.37%	-2.88%	-9.94%	5.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.39	0.46	1.03	0.91	1.22	-1.46	-0.43	0.90	0.09	-1.76	2.90
NOPAT to Interest Expense	0.20	0.54	7.36	0.53	8.20	-0.79	0.34	0.58	0.16	-1.21	1.85
EBIT Less CapEx to Interest Expense	1.17	0.25	0.90	0.66	1.05	-1.46	-1.06	0.52	-0.56	-2.18	2.11
NOPAT Less CapEx to Interest Expense	-0.02	0.32	7.23	0.29	8.04	-0.79	-0.28	0.21	-0.48	-1.63	1.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.12%	0.00%	0.00%	4.61%	2.73%	9.09%	276.35%	37.71%	96.97%	3.69%	40.54%
Augmented Payout Ratio	92.82%	-4.33%	0.00%	4.61%	2.73%	34.95%	519.80%	104.06%	281.29%	5.62%	427.32%

This table displays calculated financial ratios and metrics derived from Spectrum Brands' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.98%	-1.10%	-5.80%	-9.73%	-10.09%	-1.16%	-2.96%	-1.47%	5.97%	4.45%	1.16%
EBITDA Growth	-3.00%	38.78%	132.00%	-368.66%	-272.04%	9.41%	722.41%	287.22%	172.38%	12.63%	37.11%
EBIT Growth	8.42%	243.75%	22.95%	-988.89%	-503.88%	36.96%	211.70%	195.41%	136.86%	23.02%	90.48%
NOPAT Growth	431.07%	520.51%	15.13%	-850.62%	-475.93%	153.21%	203.48%	193.19%	125.15%	-42.34%	106.46%
Net Income Growth	7.17%	-69.78%	-338.37%	-435.00%	5,552.28%	7.89%	242.44%	213.62%	-99.68%	75.00%	-18.49%
EPS Growth	11.11%	-68.14%	-355.00%	-435.90%	5,658.75%	288.89%	266.67%	253.44%	-99.54%	-26.43%	-1.18%
Operating Cash Flow Growth	-22.77%	-69.73%	76.32%	276.64%	-207.01%	-707.57%	93.30%	-98.55%	212.82%	115.70%	-1,583.72%
Free Cash Flow Firm Growth	-55.94%	-128.03%	-124.32%	-94.25%	-13.86%	273.57%	365.81%	53.56%	-154.83%	-113.00%	-109.29%
Invested Capital Growth	-29.38%	15.59%	8.47%	-8.99%	-39.57%	-21.69%	-21.53%	-10.23%	34.41%	4.52%	3.91%
Revenue Q/Q Growth	1.26%	-8.37%	-4.83%	2.23%	0.86%	0.72%	-6.56%	3.80%	8.48%	-0.72%	-9.51%
EBITDA Q/Q Growth	190.05%	-41.68%	-82.94%	-1,031.03%	-85.74%	137.09%	28.23%	94.05%	-28.19%	-42.29%	56.09%
EBIT Q/Q Growth	529.17%	-70.23%	-304.35%	-317.02%	-59.18%	110.10%	66.67%	191.05%	-38.50%	-66.30%	158.06%
NOPAT Q/Q Growth	509.52%	-50.56%	-223.17%	-281.19%	-61.95%	133.30%	-49.66%	243.29%	-56.29%	-23.65%	80.23%
Net Income Q/Q Growth	105.63%	-53.80%	-234.87%	-161.46%	3,569.40%	-99.12%	78.05%	108.56%	-90.15%	378.33%	-17.07%
EPS Q/Q Growth	105.13%	-55.00%	-241.67%	-156.86%	3,616.79%	-96.96%	-39.29%	136.47%	-89.55%	390.48%	-18.45%
Operating Cash Flow Q/Q Growth	6.70%	23.50%	-175.89%	476.64%	-130.31%	-601.23%	99.16%	181.40%	2,262.86%	-2.42%	-189.72%
Free Cash Flow Firm Q/Q Growth	-66.78%	-130.56%	34.43%	186.43%	397.36%	-38.42%	0.41%	-50.07%	-277.58%	85.40%	28.28%
Invested Capital Q/Q Growth	-2.43%	-0.91%	3.49%	-9.04%	-35.21%	28.40%	3.70%	4.06%	-2.99%	-0.15%	3.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.74%	31.95%	28.31%	29.42%	35.83%	32.99%	35.38%	38.05%	38.85%	37.24%	36.82%
EBITDA Margin	7.13%	4.54%	0.81%	-7.41%	-13.64%	5.02%	6.89%	14.07%	9.31%	5.41%	9.34%
Operating Margin	4.73%	2.19%	-2.83%	-10.56%	-16.95%	2.20%	3.61%	10.56%	6.12%	2.84%	6.38%
EBIT Margin	3.78%	1.23%	-2.64%	-10.75%	-16.97%	1.70%	3.03%	10.41%	5.90%	2.00%	5.71%
Profit (Net Income) Margin	4.02%	2.03%	-2.87%	-7.35%	252.83%	2.21%	4.22%	8.48%	0.77%	3.71%	3.40%
Tax Burden Percent	658.00%	-88.37%	39.35%	48.82%	-1,174.73%	54.67%	97.66%	80.77%	14.46%	170.83%	65.38%
Interest Burden Percent	16.18%	-186.96%	277.13%	140.05%	126.84%	238.10%	142.38%	100.80%	90.22%	108.39%	91.00%
Effective Tax Rate	40.00%	0.00%	0.00%	0.00%	0.00%	-78.33%	41.47%	33.82%	53.98%	23.81%	32.42%
Return on Invested Capital (ROIC)	2.56%	1.80%	-2.16%	-7.88%	-15.02%	4.50%	2.32%	7.91%	4.04%	2.81%	5.42%
ROIC Less NNEP Spread (ROIC-NNEP)	3.03%	2.09%	-2.57%	-7.86%	501.80%	2.56%	4.00%	9.20%	9.73%	-25.45%	2.22%
Return on Net Nonoperating Assets (RNNOA)	4.45%	1.96%	-3.07%	-9.77%	97.64%	0.88%	1.96%	4.42%	-1.17%	0.46%	0.21%
Return on Equity (ROE)	7.01%	3.76%	-5.22%	-17.65%	82.61%	5.38%	4.28%	12.33%	2.87%	3.27%	5.63%
Cash Return on Invested Capital (CROIC)	34.50%	-13.85%	-7.47%	8.37%	43.10%	18.68%	19.88%	10.57%	-22.96%	0.11%	1.20%
Operating Return on Assets (OROA)	2.07%	0.69%	-1.44%	-5.45%	-8.03%	0.90%	1.66%	5.70%	3.42%	1.30%	4.01%
Return on Assets (ROA)	2.21%	1.14%	-1.57%	-3.73%	119.71%	1.17%	2.30%	4.64%	0.45%	2.42%	2.39%
Return on Common Equity (ROCE)	6.98%	3.74%	-5.20%	-17.56%	82.46%	5.37%	4.27%	12.30%	2.87%	3.27%	5.62%
Return on Equity Simple (ROE_SIMPLE)	8.25%	0.00%	3.54%	-2.20%	70.38%	0.00%	80.48%	87.12%	5.40%	0.00%	5.89%
Net Operating Profit after Tax (NOPAT)	23	11	-14	-54	-87	29	15	50	22	17	30
NOPAT Margin	2.84%	1.53%	-1.98%	-7.39%	-11.87%	3.92%	2.11%	6.99%	2.82%	2.17%	4.31%
Net Nonoperating Expense Percent (NNEP)	-0.47%	-0.29%	0.41%	-0.02%	-516.83%	1.94%	-1.68%	-1.29%	-5.69%	28.26%	3.20%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	0.40%	-	-	-	1.17%
Cost of Revenue to Revenue	66.26%	68.05%	71.69%	70.58%	64.17%	67.01%	64.62%	61.95%	61.15%	62.76%	63.18%
SG&A Expenses to Revenue	31.32%	33.16%	31.14%	30.79%	30.37%	30.99%	31.77%	31.11%	32.73%	33.60%	30.43%
R&D to Revenue	0.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.01%	29.77%	31.14%	39.98%	52.78%	30.79%	31.77%	27.49%	32.73%	34.40%	30.43%
Earnings before Interest and Taxes (EBIT)	31	9.20	-19	-78	-125	13	21	75	46	16	40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	58	34	5.80	-54	-100	37	48	101	73	42	65
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.48	1.20	1.95	2.24	1.23	1.09	1.21	1.19	1.20	1.25	1.17
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	5.05	4.54	7.26	6.77	10.62	9.34	11.30
Price to Revenue (P/Rev)	1.03	0.49	0.78	0.88	1.07	0.94	0.96	0.93	0.85	0.90	0.80
Price to Earnings (P/E)	30.31	21.23	56.56	0.00	1.74	1.52	1.51	1.36	22.13	21.37	19.83
Dividend Yield	2.11%	4.51%	2.85%	2.61%	2.20%	2.19%	2.15%	1.90%	1.96%	1.77%	2.05%
Earnings Yield	3.30%	4.71%	1.77%	0.00%	57.41%	65.77%	66.32%	73.31%	4.52%	4.68%	5.04%
Enterprise Value to Invested Capital (EV/IC)	2.16	1.55	1.85	2.05	1.31	1.09	1.20	1.17	1.18	1.22	1.14
Enterprise Value to Revenue (EV/Rev)	1.98	1.42	1.77	1.83	0.78	0.84	0.96	0.98	0.94	0.96	0.92
Enterprise Value to EBITDA (EV/EBITDA)	59.05	38.63	46.21	124.98	0.00	0.00	0.00	28.78	10.19	10.68	9.61
Enterprise Value to EBIT (EV/EBIT)	0.00	522.20	387.42	0.00	0.00	0.00	0.00	0.00	16.52	17.65	15.15
Enterprise Value to NOPAT (EV/NOPAT)	3,065.93	273.32	291.18	0.00	0.00	0.00	0.00	0.00	21.13	27.62	23.04
Enterprise Value to Operating Cash Flow (EV/OCF)	44.11	0.00	35.68	16.67	12.09	0.00	0.00	0.00	0.00	17.59	29.02
Enterprise Value to Free Cash Flow (EV/FCFF)	5.18	0.00	0.00	23.33	2.29	5.13	5.33	10.46	0.00	1,167.74	96.78
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.46	2.49	2.65	2.68	0.81	0.62	0.61	0.61	0.27	0.26	0.28
Long-Term Debt to Equity	2.45	2.48	2.64	2.67	0.63	0.61	0.60	0.61	0.26	0.26	0.27
Financial Leverage	1.47	0.94	1.20	1.24	0.19	0.35	0.49	0.48	-0.12	-0.02	0.09
Leverage Ratio	4.06	4.05	4.38	4.72	3.19	2.91	3.00	3.06	2.18	1.95	1.95
Compound Leverage Factor	0.66	-7.56	12.14	6.60	4.05	6.94	4.27	3.08	1.96	2.12	1.78
Debt to Total Capital	71.06%	71.33%	72.58%	72.84%	44.81%	38.18%	37.76%	38.00%	21.19%	20.75%	21.60%
Short-Term Debt to Total Capital	0.27%	0.28%	0.28%	0.30%	9.90%	0.21%	0.24%	0.25%	0.34%	0.35%	0.36%
Long-Term Debt to Total Capital	70.79%	71.05%	72.30%	72.54%	34.91%	37.97%	37.53%	37.75%	20.84%	20.40%	21.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.13%	0.13%	0.15%	0.16%	0.03%	0.02%	0.02%	0.02%	0.02%	0.03%	0.00%
Common Equity to Total Capital	28.81%	28.54%	27.28%	27.00%	55.16%	61.80%	62.21%	61.99%	78.80%	79.22%	78.40%
Debt to EBITDA	30.57	27.47	27.75	72.31	-18.15	-13.98	-20.12	14.12	2.07	2.09	1.96
Net Debt to EBITDA	28.22	25.35	25.82	64.87	7.44	2.71	-0.02	1.41	0.94	0.72	1.33
Long-Term Debt to EBITDA	30.45	27.37	27.65	72.01	-14.14	-13.90	-20.00	14.02	2.04	2.06	1.93
Debt to NOPAT	1,587.04	194.38	174.85	-108.20	-14.45	-10.81	-12.44	-263.50	4.29	5.42	4.69
Net Debt to NOPAT	1,465.07	179.38	162.70	-97.08	5.92	2.10	-0.01	-26.23	1.94	1.85	3.18
Long-Term Debt to NOPAT	1,581.08	193.63	174.18	-107.76	-11.26	-10.75	-12.36	-261.79	4.22	5.33	4.62
Altman Z-Score	1.46	1.26	1.36	1.30	1.77	2.21	2.32	2.39	2.79	2.79	2.87
Noncontrolling Interest Sharing Ratio	0.48%	0.47%	0.55%	0.52%	0.19%	0.17%	0.21%	0.22%	0.04%	0.03%	0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.66	2.72	2.94	2.70	2.23	3.83	3.36	3.73	2.28	2.30	2.40
Quick Ratio	0.50	0.49	0.57	0.62	1.91	3.16	2.68	2.98	1.55	1.56	1.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,223	-374	-245	212	1,053	649	651	325	-578	-84	-60
Operating Cash Flow to CapEx	326.19%	454.84%	-642.00%	1,520.75%	-398.37%	-5,526.88%	-51.19%	28.00%	818.81%	620.77%	-1,227.12%
Free Cash Flow to Firm to Interest Expense	47.04	-13.89	-7.34	6.70	27.08	42.68	44.92	19.24	-32.27	-44.39	-9.76
Operating Cash Flow to Interest Expense	2.63	3.15	-1.92	7.65	-1.88	-33.82	-0.30	0.21	4.62	42.47	-11.68
Operating Cash Flow Less CapEx to Interest Expense	1.83	2.45	-2.22	7.15	-2.36	-34.43	-0.88	-0.53	4.06	35.63	-12.63
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.55	0.56	0.55	0.51	0.47	0.53	0.55	0.55	0.58	0.65	0.70
Accounts Receivable Turnover	6.68	9.56	8.20	6.83	6.83	6.45	5.79	5.15	4.99	4.68	4.60
Inventory Turnover	2.47	3.19	3.13	3.00	2.99	3.21	3.33	3.58	3.85	4.01	3.84
Fixed Asset Turnover	0.00	11.96	11.78	0.00	0.00	10.83	10.82	10.73	10.83	10.94	11.28
Accounts Payable Turnover	4.14	5.09	5.94	4.08	4.15	4.69	5.16	4.27	4.49	4.67	4.97
Days Sales Outstanding (DSO)	54.68	38.17	44.53	53.45	53.46	56.57	63.08	70.90	73.20	78.06	79.27
Days Inventory Outstanding (DIO)	147.73	114.45	116.52	121.74	122.25	113.77	109.60	101.99	94.68	91.01	95.15
Days Payable Outstanding (DPO)	88.10	71.71	61.48	89.41	87.89	77.75	70.71	85.46	81.20	78.12	73.44
Cash Conversion Cycle (CCC)	114.32	80.92	99.57	85.78	87.83	92.59	101.98	87.43	86.68	90.95	100.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,883	2,857	2,957	2,689	1,742	2,237	2,320	2,414	2,342	2,338	2,411
Invested Capital Turnover	0.90	1.18	1.09	1.07	1.27	1.15	1.10	1.13	1.44	1.30	1.26
Increase / (Decrease) in Invested Capital	-1,200	385	231	-266	-1,141	-620	-637	-275	600	101	91
Enterprise Value (EV)	6,224	4,439	5,463	5,512	2,284	2,438	2,794	2,821	2,759	2,860	2,742
Market Capitalization	3,244	1,520	2,404	2,644	3,134	2,739	2,792	2,682	2,505	2,667	2,363
Book Value per Share	$32.03	$30.98	$30.23	$28.83	$62.40	$70.57	$67.67	$74.56	$71.51	$76.38	$72.31
Tangible Book Value per Share	($21.72)	($21.88)	($23.12)	($22.61)	$15.15	$16.90	$11.31	$13.09	$8.09	$10.19	$7.45
Total Capital	4,534	4,426	4,520	4,378	4,638	4,074	3,698	3,641	2,646	2,703	2,587
Total Debt	3,222	3,157	3,280	3,189	2,078	1,556	1,397	1,383	561	561	559
Total Long-Term Debt	3,210	3,145	3,268	3,176	1,619	1,547	1,388	1,374	551	551	550
Net Debt	2,974	2,913	3,052	2,861	-852	-302	1.20	138	254	192	379
Capital Expenditures (CapEx)	21	19	10	16	18	9.30	8.40	13	10	13	5.90
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,885	1,816	1,884	1,680	-274	313	380	565	541	532	649
Debt-free Net Working Capital (DFNWC)	2,133	2,060	2,112	2,008	2,657	2,170	1,775	1,811	848	901	829
Net Working Capital (NWC)	2,121	2,047	2,099	1,995	2,197	2,161	1,766	1,802	839	892	820
Net Nonoperating Expense (NNE)	-9.68	-3.72	6.36	-0.30	-1,947	13	-15	-11	16	-12	6.41
Net Nonoperating Obligations (NNO)	1,571	1,588	1,717	1,500	-818	-281	18	157	257	197	382
Total Depreciation and Amortization (D&A)	27	25	25	24	25	25	27	26	27	26	25
Debt-free, Cash-free Net Working Capital to Revenue	60.02%	57.97%	60.99%	55.81%	-9.35%	10.71%	13.11%	19.57%	18.47%	17.95%	21.83%
Debt-free Net Working Capital to Revenue	67.90%	65.75%	68.37%	66.70%	90.75%	74.34%	61.26%	62.72%	28.93%	30.40%	27.88%
Net Working Capital to Revenue	67.51%	65.35%	67.97%	66.27%	75.06%	74.04%	60.96%	62.41%	28.62%	30.08%	27.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.80	$0.36	($0.51)	($1.31)	$46.07	$1.40	$0.85	$2.03	$0.21	$1.03	$0.84
Adjusted Weighted Average Basic Shares Outstanding	40.80M	40.90M	40.90M	41M	40.40M	39.50M	34M	30.20M	28.90M	30.30M	27.90M
Adjusted Diluted Earnings per Share	$0.80	$0.36	($0.51)	($1.31)	$46.07	$1.40	$0.85	$2.01	$0.21	$1.03	$0.84
Adjusted Weighted Average Diluted Shares Outstanding	41M	40.90M	40.90M	41M	40.40M	39.50M	34.10M	30.40M	29.10M	30.50M	28.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	40.78M	40.79M	41.00M	41.00M	35.67M	35.31M	30.27M	29.15M	28.03M	28.05M	26.31M
Normalized Net Operating Profit after Tax (NOPAT)	8.22	11	-14	-7.00	28	11	15	76	33	17	30
Normalized NOPAT Margin	1.00%	1.53%	-1.98%	-0.96%	3.82%	1.54%	2.11%	10.58%	4.28%	2.17%	4.31%
Pre Tax Income Margin	0.61%	-2.29%	-7.30%	-15.06%	-21.52%	4.05%	4.32%	10.49%	5.32%	2.17%	5.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.19	0.34	-0.56	-2.48	-3.21	0.83	1.45	4.43	2.57	8.16	6.45
NOPAT to Interest Expense	0.89	0.43	-0.42	-1.71	-2.24	1.91	1.01	2.97	1.23	8.82	4.87
EBIT Less CapEx to Interest Expense	0.38	-0.35	-0.86	-2.98	-3.68	0.22	0.87	3.69	2.01	1.32	5.50
NOPAT Less CapEx to Interest Expense	0.09	-0.26	-0.72	-2.21	-2.72	1.30	0.43	2.23	0.66	1.98	3.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	66.14%	96.97%	161.24%	-271.15%	3.82%	3.69%	3.43%	3.00%	47.73%	40.54%	41.62%
Augmented Payout Ratio	258.44%	281.29%	216.28%	-271.15%	3.82%	5.62%	18.43%	22.08%	507.64%	427.32%	303.43%

Frequently Asked Questions About Spectrum Brands' Financials

When does Spectrum Brands's financial year end?

According to the most recent income statement we have on file, Spectrum Brands' fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has Spectrum Brands' net income changed over the last 10 years?

Spectrum Brands' net income appears to be on an upward trend, with a most recent value of $124.80 million in 2024, rising from $101.70 million in 2014. The previous period was $1.80 billion in 2023.

What is Spectrum Brands's operating income?

Spectrum Brands's total operating income in 2024 was $170.60 million, based on the following breakdown:

Total Gross Profit: $1.11 billion
Total Operating Expenses: $938.70 million

How has Spectrum Brands revenue changed over the last 10 years?

Over the last 10 years, Spectrum Brands' total revenue changed from $4.63 billion in 2014 to $2.96 billion in 2024, a change of -36.0%.

How much debt does Spectrum Brands have?

Spectrum Brands' total liabilities were at $1.70 billion at the end of 2024, a 37.9% decrease from 2023, and a 93.9% decrease since 2014.

How much cash does Spectrum Brands have?

In the past 10 years, Spectrum Brands' cash and equivalents has ranged from $187.90 million in 2021 to $1.32 billion in 2014, and is currently $368.90 million as of their latest financial filing in 2024.

How has Spectrum Brands' book value per share changed over the last 10 years?

Over the last 10 years, Spectrum Brands' book value per share changed from 8.85 in 2014 to 76.38 in 2024, a change of 763.3%.

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This page (NYSE:SPB) was last updated on 4/16/2025 by MarketBeat.com Staff

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Spectrum Brands (SPB) Financials

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Spectrum Brands (SPB) Financials

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