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Celsius Holdings vs Zevia PBC: CELH and ZVIA compared
Celsius Holdings is the larger company: $847M of revenue in its latest quarter (Q3 2026) against $48.3M for Zevia PBC (Q3 2026). Zevia PBC is growing faster (+18% against +17% a year earlier). Celsius Holdings is more profitable, with an operating margin of 20.3% against -4.5%.
Where the money goes: CELH and ZVIA
Celsius Holdings (CELH) · Q3 2026
Celsius Holdings, Q3 2026: revenue $847M (+17% year over year), operating margin 20.3%, net earnings $127M, operating cash flow $154M. The chart follows the revenue to costs, profit and cash.
Zevia PBC (ZVIA) · Q3 2026
Zevia PBC, Q3 2026: revenue $48.3M (+18% year over year), operating margin -4.5%, net loss $2.2M, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
| Celsius Holdings (CELH) | Zevia PBC (ZVIA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $847M | $48.3M |
| Revenue growth, Y/Y | +17% | +18% |
| Gross margin | 46.8% | — |
| Operating margin | 20.3% | -4.5% |
| Net earnings | $127M | −$2.2M |
| Net margin | 15.0% | -4.5% |
| Operating cash flow | $154M | $1.5M |
| Free cash flow | $128M | $1.3M |
| Market value | $8.2B | — |
| P/E | 25.9× | — |
| Analysts’ mean target | $41.48 | — |
Questions
Which is bigger, Celsius Holdings or Zevia PBC?
Celsius Holdings is the larger company: $847M of revenue in its latest quarter (Q3 2026) against $48.3M for Zevia PBC (Q3 2026).
Is Celsius Holdings or Zevia PBC growing faster?
Zevia PBC is growing faster (+18% against +17% a year earlier).
Which is more profitable, Celsius Holdings or Zevia PBC?
Celsius Holdings is more profitable, with an operating margin of 20.3% against -4.5%.
More: Celsius Holdings earnings · how Celsius Holdings makes money · Zevia PBC earnings · how Zevia PBC makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.