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Kenvue Inc.

KVUE· NYSE· Perfumes, Cosmetics & Other Toilet Preparations

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
11.4%
ROIC, 5 yr avg
–
Revenue, 5 yr CAGR
–
We record prices for the companies we cover; KVUE is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2025

Market cap
–
Enterprise value
–
Diluted shares
1.92B
Revenue
$15.1B
Free cash flow
$1.7B
Owner earnings
$1.6B

Valuation · FY2025

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2025

Gross
58.1%
Operating
16.0%
Net
9.7%
Free cash flow
11.4%
Owner earnings
10.5%
Stock pay
0.9%

Returns

ROIC, FY2025
–
ROIC, 5 yr avg
–
ROE, FY2025
13.7%
ROE, 5 yr avg
11.9%

Growth (CAGR)

Revenue, 3 yr
0.4%
Revenue, 5 yr
–
Revenue, 4 yr
0.1%
Diluted EPS, 3 yr
-14.1%
Diluted EPS, 5 yr
–
Diluted EPS, 4 yr
-11.0%
Free cash flow, 3 yr
-7.1%
Free cash flow, 5 yr
–
Free cash flow, 4 yr
157.8%

Financial health · FY2025

Cash and investments
$1.1B
Total debt
–
Net cash
–
Debt/Equity
–
Debt/FCF
–

Shareholder returns · FY2025

Dividend yield
–
Payout ratio
107.6%
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
–

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$15.1B

+0.1% a year over 4 years

FY2021: Revenue $15.1BFY2022: Revenue $14.9BFY2023: Revenue $15.4BFY2024: Revenue $15.5BFY2025: Revenue $15.1B
FY2021FY2025

Margins

Gross58.1%Operating16.0%Net9.7%

FY2025

FY2021: Gross 55.9%, Operating 19.4%, Net 13.8%FY2022: Gross 55.4%, Operating 17.9%, Net 13.8%FY2023: Gross 56.0%, Operating 16.3%, Net 10.8%FY2024: Gross 58.0%, Operating 11.9%, Net 6.7%FY2025: Gross 58.1%, Operating 16.0%, Net 9.7%
FY2021FY2025

Free cash flow and owner earnings

Free cash flow$1.7BOwner earnings$1.6B

Free cash flow +157.8% a year

FY2021: Free cash flow $39.0M, Owner earnings -$102.0MFY2022: Free cash flow $2.1B, Owner earnings $2.0BFY2023: Free cash flow $2.7B, Owner earnings $2.5BFY2024: Free cash flow $1.3B, Owner earnings $1.1BFY2025: Free cash flow $1.7B, Owner earnings $1.6B
FY2021FY2025

Diluted shares

1.92B

+12.1% over 4 years, net dilution

FY2021: Diluted shares 1.72BFY2022: Diluted shares 1.72BFY2023: Diluted shares 1.85BFY2024: Diluted shares 1.92BFY2025: Diluted shares 1.92B
FY2021FY2025

Return on invested capital

–

FY2025

FY2021: ROIC –FY2022: ROIC 11.2%FY2023: ROIC 10.5%FY2024: ROIC –FY2025: ROIC –
FY2021FY2025

Net debt (below zero)

–

$6.9B more debt than cash

FY2021: Net cash –FY2022: Net cash $1.2BFY2023: Net cash -$6.9BFY2024: Net cash –FY2025: Net cash –
FY2021FY2025

Every figure, year by year

Fiscal yearFY2021FY2022FY2023FY2024FY2025
The business
Revenue$15.1B$14.9B$15.4B$15.5B$15.1B
Revenue growth–-0.7%3.3%0.1%-2.1%
Gross margin55.9%55.4%56.0%58.0%58.1%
Operating margin19.4%17.9%16.3%11.9%16.0%
Net income$2.1B$2.1B$1.7B$1.0B$1.5B
Net margin13.8%13.8%10.8%6.7%9.7%
Diluted EPS$1.21$1.20$0.90$0.54$0.76
Return on invested capital?–11.2%10.5%––
Cash
Operating cash flow$334.0M$2.5B$3.2B$1.8B$2.2B
Capital expenditure$295.0M$375.0M$469.0M$434.0M$475.0M
Free cash flow$39.0M$2.1B$2.7B$1.3B$1.7B
Stock-based compensation$141.0M$137.0M$188.0M$254.0M$136.0M
Owner earnings?-$102.0M$2.0B$2.5B$1.1B$1.6B
Free cash flow per share$0.02$1.25$1.46$0.69$0.90
Capital allocation
Dividends paid$0$0$766.0M$1.6B$1.6B
Share repurchases–$0$7.0M$235.0M$197.0M
Diluted shares1.72B1.72B1.85B1.92B1.92B
Share count change?–0.0%7.8%3.9%0.1%
Balance sheet
Cash and equivalents$740.0M$1.2B$1.4B$1.1B$1.1B
Short-term investments–––––
Total debt–$0$8.3B––
Net debt–-$1.2B$6.9B––
Shareholders' equity$20.5B$20.0B$11.2B$9.7B$10.8B

Latest filings

All on EDGAR
2026-10-3010-QQuarterly report
2026-10-308-KEarnings release
2026-08-0610-QQuarterly report
2026-08-068-KEarnings release
2026-05-0710-QQuarterly report
2026-05-078-KEarnings release
2026-04-08DEF 14AProxy statement
2026-02-2010-KAnnual report
2026-02-178-KEarnings release
2025-11-0310-QQuarterly report

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