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Spectrum Brands Holdings, Inc. (SPB) Fundamental Analysis & AI Grade 2026

SPB NYSE Miscellaneous Electrical Machinery, Equipment & Supplies DE CIK: 0000109177
Updated This Month • Analysis: May 9, 2026 • SEC Data: 2026-03-29
Combined AI Grade
B
55% Confidence
N/A
B
55% Conf
Pending
Analysis scheduled

📊 SPB Key Takeaways

Revenue: $1.4B
Net Margin: 3.6%
Free Cash Flow: $60.2M
Current Ratio: 2.29x
Debt/Equity: 0.30x
EPS: $2.16
AI Grade: B with 55% confidence
Spectrum Brands Holdings, Inc. (SPB) receives a B fundamental grade with 55% confidence from our AI analysis based on SEC 10-K filings. With revenue of $1.4B, net profit margin of 3.6%, and return on equity (ROE) of 2.7%, Spectrum Brands Holdings, Inc. demonstrates mixed fundamentals in the Utilities sector. Below is our complete SPB stock analysis for 2026.

Is Spectrum Brands Holdings, Inc. (SPB) a Good Investment?

Claude

Spectrum Brands demonstrates adequate financial stability with strong liquidity (2.29x current ratio) and conservative leverage (0.30x D/E), but faces significant headwinds: flat revenue growth, declining net income (-0.5% YoY), and compressed margins indicate a stagnant business with deteriorating profitability. Weak returns on equity (2.7%) and thin operating margins (5.1%) suggest limited earnings power despite positive free cash flow generation.

Spectrum Brands Holdings, Inc. Key Strengths (SPB)

Claude
  • + Strong liquidity position with 2.29x current ratio and 1.42x quick ratio provides operational flexibility
  • + Conservative leverage at 0.30x Debt/Equity with $125.1M cash buffer reduces financial distress risk
  • + Positive free cash flow of $60.2M demonstrates ability to generate cash despite thin margins

SPB Stock Risks: Spectrum Brands Holdings, Inc. Investment Risks

Claude
  • ! Zero revenue growth year-over-year signals stagnant market conditions and competitive pressures with no expansion momentum
  • ! Deteriorating profitability with net income down 0.5% YoY and EPS declining 5.9% YoY indicates margin compression
  • ! Thin operating margin of 5.1% and low interest coverage of 2.0x provide limited cushion for operational disruptions
  • ! Poor return metrics (ROE 2.7%, ROA 1.5%) suggest inefficient capital utilization and value destruction

Key Metrics to Watch

Claude
  • * Revenue growth trajectory and market share dynamics in electrical equipment sector
  • * Operating margin trends and gross margin sustainability
  • * Free cash flow consistency and capital allocation decisions
  • * Interest coverage ratio and debt refinancing needs over next 12-24 months

Spectrum Brands Holdings, Inc. (SPB) Financial Metrics & Key Ratios

Revenue
$1.4B
Net Income
$50.5M
EPS (Diluted)
$2.16
Free Cash Flow
$60.2M
Total Assets
$3.5B
Cash Position
$125.1M

💡 AI Analyst Insight

The relatively thin 4.3% FCF margin may limit capital allocation flexibility. Strong liquidity with a 2.29x current ratio provides a solid financial cushion.

SPB Profit Margin, ROE & Profitability Analysis

Gross Margin 36.9%
Operating Margin 5.1%
Net Margin 3.6%
ROE 2.7%
ROA 1.5%
FCF Margin 4.3%

SPB vs Utilities Sector: How Spectrum Brands Holdings, Inc. Compares

How Spectrum Brands Holdings, Inc. compares to Utilities sector averages

Net Margin
SPB 3.6%
vs
Sector Avg 12.0%
SPB Sector
ROE
SPB 2.7%
vs
Sector Avg 10.0%
SPB Sector
Current Ratio
SPB 2.3x
vs
Sector Avg 0.8x
SPB Sector
Debt/Equity
SPB 0.3x
vs
Sector Avg 1.4x
SPB Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Spectrum Brands Holdings, Inc. Stock Overvalued? SPB Valuation Analysis 2026

Based on fundamental analysis, Spectrum Brands Holdings, Inc. has mixed fundamental signals relative to the Utilities sector in 2026.

Return on Equity
2.7%
Sector avg: 10%
Net Profit Margin
3.6%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.30x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Spectrum Brands Holdings, Inc. Balance Sheet: SPB Debt, Cash & Liquidity

Current Ratio
2.29x
Quick Ratio
1.42x
Debt/Equity
0.30x
Debt/Assets
45.3%
Interest Coverage
1.96x
Long-term Debt
$575.9M

SPB Revenue & Earnings Growth: 5-Year Financial Trend

SPB 5-year financial data: Year 2021: Revenue $3.0B, Net Income $494.5M, EPS $9.76. Year 2022: Revenue $3.1B, Net Income $97.8M, EPS $2.19. Year 2023: Revenue $3.1B, Net Income $189.6M, EPS $4.39. Year 2024: Revenue $3.1B, Net Income $71.6M, EPS $1.75. Year 2025: Revenue $3.0B, Net Income $1.8B, EPS $45.65.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Spectrum Brands Holdings, Inc.'s revenue has remained relatively flat over the 5-year period, with a 1% decline. The most recent EPS of $45.65 reflects profitable operations.

SPB Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
4.3%
Free cash flow / Revenue

SPB Quarterly Earnings & Performance

Quarterly financial performance data for Spectrum Brands Holdings, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q2 2026 $675.7M $900.0K $0.03
Q1 2026 $677.0M $23.5M $0.84
Q3 2025 $699.6M $6.1M $0.21
Q2 2025 $675.7M $900.0K $0.03
Q1 2025 $692.2M $23.5M $0.84
Q3 2024 $735.5M $6.1M $0.21
Q2 2024 $718.5M -$53.7M $-1.31
Q1 2024 $692.2M -$20.9M $-0.51

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Spectrum Brands Holdings, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$77.6M
Cash generated from operations
Stock Buybacks
$42.3M
Shares repurchased (TTM)
Capital Expenditures
$17.4M
Investment in assets
Dividends Paid
$21.8M
Returned to shareholders

SPB SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Spectrum Brands Holdings, Inc. (CIK: 0000109177)

📋 Recent SEC Filings

Date Form Document Action
May 22, 2026 4 xslF345X06/wk-form4_1779471921.xml View →
May 7, 2026 10-Q spb-20260329.htm View →
May 7, 2026 8-K spb-20260507.htm View →
May 4, 2026 8-K spb-20260501.htm View →
Feb 5, 2026 10-Q spb-20251228.htm View →

Frequently Asked Questions about SPB

What is the AI rating for SPB?

Spectrum Brands Holdings, Inc. (SPB) has an AI grade of B with 55% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SPB's key strengths?

Claude: Strong liquidity position with 2.29x current ratio and 1.42x quick ratio provides operational flexibility. Conservative leverage at 0.30x Debt/Equity with $125.1M cash buffer reduces financial distress risk.

What are the risks of investing in SPB?

Claude: Zero revenue growth year-over-year signals stagnant market conditions and competitive pressures with no expansion momentum. Deteriorating profitability with net income down 0.5% YoY and EPS declining 5.9% YoY indicates margin compression.

What is SPB's revenue and growth?

Spectrum Brands Holdings, Inc. reported revenue of $1.4B.

Does SPB pay dividends?

Spectrum Brands Holdings, Inc. pays dividends, with $21.8M distributed to shareholders in the trailing twelve months.

Where can I find SPB SEC filings?

Official SEC filings for Spectrum Brands Holdings, Inc. (CIK: 0000109177) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SPB's EPS?

Spectrum Brands Holdings, Inc. has a diluted EPS of $2.16.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SPB's fundamental grade?

Based on our AI fundamental analysis in May 2026, Spectrum Brands Holdings, Inc. has a B grade with 55% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SPB stock overvalued or undervalued?

Valuation metrics for SPB: ROE of 2.7% (sector avg: 10%), net margin of 3.6% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is SPB's AI grade for 2026?

Our dual AI analysis gives Spectrum Brands Holdings, Inc. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SPB's free cash flow?

Spectrum Brands Holdings, Inc.'s operating cash flow is $77.6M, with capital expenditures of $17.4M. FCF margin is 4.3%.

How does SPB compare to other Utilities stocks?

Vs Utilities sector averages: Net margin 3.6% (avg: 12%), ROE 2.7% (avg: 10%), current ratio 2.29 (avg: 0.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 9, 2026 | Data as of: 2026-03-29 | Powered by Claude AI