SPBNYSEMiscellaneous Electrical Machinery, Equipment & SuppliesUS GAAP · USD

Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings is a U.S.-based branded consumer products company organized around three product-focused segments: Global Pet Care, Home and Garden, and Home and Personal Care. It manufactures, markets, and distributes household, pet, and personal care products across North America, Europe, Latin America, the Middle East & Africa, and Asia-Pacific through retail, wholesale, distributor, and e-commerce channels.

Revenue2,809m USD
−5.2 %y/y
Operating profit (EBIT)125m USD
−26.8 %y/y
EBIT margin4.4%
−1.3 ppy/y
Net income99.9m USD
−20.0 %y/y
Free cash flow165m USD
+39.4 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-1,00001,0002,0003,0004,000m USD2020: 2,622 m USD2020: EBIT 243 m USD20202021: 2,998 m USD2021: EBIT 97 m USD20212022: 3,133 m USD2022: EBIT 23 m USD20222023: 2,919 m USD2023: EBIT -206 m USD20232024: 2,964 m USD2024: EBIT 171 m USD20242025: 2,809 m USD2025: EBIT 125 m USD20252,809125
RevenueOperating profit (EBIT)

Business

Share of revenue
Global Pet Care34 %

Pet food, treats, and related pet care products sold under branded labels.

Home and Garden28 %

Seasonal pest control, lawn and garden, and home maintenance products.

Home and Personal Care38 %

Small appliances and personal care devices for household and grooming use.

Products

Reported · share of revenue
99.2%FY2025100 %
  • Products99.2 %
  • License0.6 %
  • Other0.1 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Spectrum Brands sells primarily through large retail partners, home improvement chains, mass merchants, dollar stores, hardware stores, lawn and garden distributors, food and drug retailers, and e-commerce channels. Its customers buy branded consumer products for resale to end consumers, with demand driven by shelf presence, brand recognition, seasonal usage, and category turnover.

Large retail chains

The Home Depot, Lowe's, Walmart and similar chains buy branded products for broad consumer distribution and shelf traffic.

Home improvement and lawn/garden channels

Retailers and distributors buy pest control, lawn, and seasonal products tied to weather and project cycles.

Mass merchants and value retailers

Dollar stores and mass merchants buy value-priced household and personal care items for high-volume turnover.

Food, drug, and hardware retailers

These channels buy everyday household, grooming, and maintenance products for repeat consumer purchase.

E-commerce consumers and channel partners

Online channels buy or sell the company's products where consumers increasingly shop for convenience and assortment.

Strategy

Spectrum Brands is focused on operational efficiency, supply chain diversification, and selective strategic investment to support growth across its branded consumer portfolio. It is also working to offset tariff and input-cost pressure through productivity improvements, pricing actions, and vendor cost management while expanding its ability to compete in e-commerce and changing retail channels.

Operational efficiencyShort term

Lower unit costs and better productivity help defend margins in competitive consumer categories.

Supply chain diversificationMedium term

Reducing dependence on concentrated suppliers and trade routes lowers disruption and tariff exposure.

Channel adaptationMedium term

E-commerce and changing retail patterns affect how consumers discover and buy branded products.

Geography

Q1/2026

The company sells globally across North America, Europe, Latin America, the Middle East & Africa, and Asia-Pacific, with destination-based revenue attributed to those regions. Manufacturing is heavily dependent on third-party suppliers in Asia-Pacific, while the Home and Garden segment is predominantly manufactured and sold in the United States.

North America32 %
United States31 %
Europe16 %
Europe, Middle East and Africa16 %
Latin America4.2 %
Asia Pacific1.6 %

Share of the revenue the company reports by geography.

Risks

The business is exposed to intense competition, retailer concentration, and shifts in consumer shopping channels, all of which can pressure shelf space and sales. It also faces meaningful supply-chain, tariff, foreign exchange, and international sourcing risks because many products are manufactured by third-party suppliers in Asia-Pacific and sold across multiple regions.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Retailer concentration1Supply chain disruption2Tariffs and trade policy3Competitive pressure4Intangible asset impairment5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Retailer concentrationImpact: HighLikelihood: High

    A limited group of large customers represents a substantial share of segment sales, increasing bargaining pressure.

    ExposureThe Home DepotLowe'sWalmart
  2. Supply chain disruptionImpact: HighLikelihood: High

    The company relies on third-party manufacturing and global logistics, which can be interrupted by labor, weather, or geopolitical events.

    Exposure: APAC supplier network

  3. Tariffs and trade policyImpact: HighLikelihood: High

    Imported inputs and finished goods can face higher costs or sourcing changes under shifting trade rules.

    Exposure: U.S. import channels and international sourcing

  4. Competitive pressureImpact: MediumLikelihood: High

    The company competes against large branded and private-label rivals across multiple consumer categories.

    ExposurePet carePest controlAppliancesPersonal care
  5. Intangible asset impairmentImpact: MediumLikelihood: High

    Brand and goodwill values depend on category performance and future cash flow assumptions.

    Exposure: Acquired brands and reporting units

Accounting

Judgemental items
Goodwill and intangible asset impairment

Brand portfolios and reporting units require periodic impairment testing using judgmental assumptions.

Impact: Can create large non-cash charges if expected cash flows weaken.

Seasonality

Sales are concentrated in the first half of the calendar year, especially for seasonal categories.

Impact: Quarterly results are not evenly comparable across the fiscal year.

Foreign currency translation

Global sales and sourcing create exposure to exchange-rate movements.

Impact: Can change reported revenue and gross profit even when local demand is stable.

Tariff and input-cost pass-through

Imported products and components can raise inventory and cost of sales estimates.

Impact: Affects gross margin and the timing of pricing recovery.

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Spectrum Brands Holdings, Inc. (SPB) Revenue, Earnings & Financials 2025 – Clarifo