SPBNYSEMiscellaneous Electrical Machinery, Equipment & SuppliesFiscal year ends September 30
Spectrum Brands Holdings, Inc.
Financials through Q3 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 7, 2026
$76.80−2.21 (-2.80%)
Close on Oct 19, 2026
- Market cap
- $1.77B
- P/E (TTM)
- 23.5
- Dividend yield
- 2.45%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
36.7%+3.2 pts over 5 years
Operating margin
4.4%+4.1 pts over 5 years
Net margin
3.6%−0.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -5.2% | -3.6% | +1.4% | -5.1% | |
| Gross profit | -7.0% | +1.4% | +3.3% | -4.9% | |
| Operating income | -26.8% | +75.3% | +70.8% | -3.5% | |
| Net income | -20.0% | +11.7% | +0.4% | – | |
| EPS, diluted | -5.9% | +30.2% | +12.0% | – | |
| Free cash flow | +39.4% | – | -7.7% | -3.1% | |
| Dividend per share | +11.9% | +3.8% | +2.3% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -32.5% | 6.3% | 4.9% | |
| Return on assets | -0.6% | 1.9% | 2.8% | |
| Current ratio | – | 1.83 | 2.26 | |
| Debt to equity | 8.92 | 1.72 | 0.30 | |
| Net debt to EBITDA | 11.48× | 15.32× | 1.99× | |
| Interest coverage | 0.8× | – | 4.2× | |
| Inventory turnover | 2.4× | 4.0× | 3.9× | |
| Capex to revenue | 2.0% | 1.7% | 1.4% | |
| Diluted shares | 32M | 45M | 26M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Spectrum Brands generated $1.12B from operations and spent $1.66B on capital expenditure, dividends and share buybacks. 15% of that went back into the business.
Generated
$1.12B
Used
$1.66B
Capital expenditure$248.90M15%Dividends$305.40M18%Share buybacks$1.10B67%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.6%
×Asset turnover0.78×
×Equity multiplier1.78×
=Return on equity, FY20254.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.6% | 0.78× | 1.78× | 4.9% |
| FY2024 | 4.2% | 0.65× | 1.95× | 5.4% |
| FY2023 | 61.7% | 0.53× | 2.92× | 95.3% |
| FY2022 | 2.3% | 0.56× | 4.06× | 5.2% |
| FY2021 | 6.3% | 0.57× | 3.63× | 13.2% |
| FY2020 | 3.7% | 0.51× | 3.31× | 6.3% |
| FY2019 | 20.2% | 0.38× | 3.95× | 29.9% |
| FY2018 | 20.2% | 0.17× | 18.66× | 65.7% |
| FY2017 | 2.9% | 0.11× | 49.73× | 15.2% |
| FY2016 | -6.5% | 0.09× | 56.02× | -32.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$99.90M
- Cash generatingOperating cash flow above zero$203.60M
- Return on assets improvedROA up on the prior year2.4% → 2.6%
- Earnings backed by cashOperating cash flow above net income$203.60M vs $99.90M
- Less leverageLong-term debt to assets fell14.4% → 16.5%
- Better liquidityCurrent ratio rose2.30 → 2.26
- No dilutionShare count did not rise31M → 26M
- Gross margin improvedGross margin up on the prior year37.43% → 36.74%
- More efficientAsset turnover rose0.56 → 0.73