Spectrum Brands Holdings

SPB

Household & Personal Products · Consumer Defensive

Price

$86.91

+0.75 (+0.87%)

Market Cap

$2.02B

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 28, 2026

How the score breaks down

Quality

Good

Growth

Good

Cash Flow

Strong

Stability

Strong

Valuation

Strong

Dividends

Mixed

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Share count falling — buybacks

−40.0% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 43.2M (2021) → 25.9M (2025)

Winston Score History

The full picture

Spectrum Brands makes everyday consumer products sold in stores like Walmart, Target, and Home Depot. Its brands cover pet supplies (Dingo, 8in1), home and garden pest control (Cutter, Spectracide), personal care (Remington), and home hardware like locks and faucets (Hardware & Home Improvement segment). The company owns a portfolio of mid-tier brands across several unrelated product categories.

Spectrum Brands earns money by selling physical products through retail stores and online channels, primarily in North America, with some sales in Europe and other regions. Its competitive position relies on brand recognition and shelf space at major retailers, but it faces constant pressure from private-label store brands and larger competitors with bigger marketing budgets. The company has been simplifying its business after selling its pet and garden segments in recent years, and its main challenge is improving profit margins while managing debt on a relatively modest revenue base.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+7.7% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-245.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (2%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

13.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$259M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Spectrum Brands Holdings is growing revenue at 8% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

49.2%

Healthy — 49.2% gross margin

Profit after running costs

Operating Margin

15.9%

Healthy — 15.9% operating margin

Return on the money invested

ROCE

9.7%

Below par — 9.7% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+0.8%

Nearly flat sales (+0.8% YoY)

Profit growth

EPS YoY

+23.6%

Earnings growing fast (+23.6% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

417%

Turns 417% of profit into real cash

Spare cash per sale

FCF Margin

10.2%

Modest free cash flow (10.2%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.33

Conservative — low debt load (0.33)

Covers its interest

Interest Cover

7.91x

Adequate interest coverage (7.9x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

26.1x

Growth-priced — P/E 26.1

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+11.7

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (26.1 → 14.4)

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Dividends

Dividend

Dividend Yield

2.12%

Moderate income — 2.12% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+2.7%

Dividend flat

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