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Procter & Gamble

PG NYSE Personal Care Products Financials FY2017–FY2026

Procter & Gamble's revenue rose 3.3% to $87.0 billion in fiscal 2026. Its operating margin was 22.7%, down from 24.3% a year earlier. Free cash flow was $15.1 billion, up 7.8%. It paid out $15.3 billion in dividends and buybacks, 101% of free cash flow. The diluted share count fell 1.3%.

Last close · Oct 23, 2026

$161.02

2.8%
Value it Compare
Revenue Total sales reported in the income statement.
$87.0B
3.3% vs prior year
Operating margin Operating income as a share of revenue.
22.7%
1.6 pts
Net income Profit after all expenses, interest and tax.
$16.0B
0.5%
Free cash flow Cash from operations minus capital spending.
$15.1B
7.9%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
20.1%
1.5 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$387.6B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
24.3x
On $6.64 EPS (TTM)

What Procter & Gamble does

Procter & Gamble makes everyday household and personal care products sold in about 180 countries and territories. Its brands include Tide, Downy, Dawn, Swiffer, Pampers, Always, Charmin, Bounty, Gillette, Crest, Oral-B, Vicks, Pantene, Head & Shoulders, Olay and Old Spice. Its net sales were $87.0 billion in the year to June 2026.

P&G reports five segments. Fabric & Home Care, which includes laundry detergent, dish soap and cleaning products, brought in 35% of net sales. Baby, Feminine & Family Care, with diapers, pads, paper towels and toilet paper, brought in 24%. Beauty, with shampoo, deodorant and skin care, brought in 19%; Health Care, with toothpaste, toothbrushes and cold and stomach remedies, 14%; and Grooming, mainly razors, 8%. It sells to big-box chains, online retailers, grocery, club and drug stores, and distributors, and sales to Walmart and its affiliates made up about 16% of total sales. P&G says it competes with companies large and small, including global brands and stores' own private-label products.

P&G had about 104,000 employees at the end of June 2026, down from the year before because of a restructuring program, and operations in about 65 countries. It buys almost all its raw and packaging materials from outside suppliers, some of them the only source for an item.

Legal name
PROCTER & GAMBLE CO
Fiscal year ends
June 30, 2026
Latest annual report
10-K · Aug 4, 2026
Accession · CIK
0000080424-26-000103
0000080424

Revenue and margins

Procter & Gamble had $87.0B of revenue in fiscal 2026, up 3.3% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 1.9% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $15.1B in fiscal 2026, 17.4% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Procter & Gamble returned $15.3B to shareholders in fiscal 2026, 101% of free cash flow. The diluted share count fell 1.3%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Procter & Gamble yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$24.2B and divides by 2,422.5M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 24.3x · peers 68.4x · sector 24.6x.

Balance sheet

Cash, debt and the ratios that show how comfortably Procter & Gamble can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $7.2B$8.2B$9.5B$9.6B$9.9B
Debt incl. finance leases $31.3B$34.6B$32.4B$34.5B$34.1B
Net debt / EBITDA 1.2x1.3x1.1x1.1x1.1x
Debt / equity 0.7x0.7x0.6x0.7x0.6x
Interest coverage 40.6x24.0x20.1x22.6x22.5x
Current ratio 0.7x0.6x0.7x0.7x0.7x
Quick ratio 0.5x0.4x0.5x0.5x0.5x
Total assets $117.2B$120.8B$122.4B$125.2B$126.5B
Total liabilities $70.4B$73.8B$71.8B$72.9B$72.2B
Shareholders' equity $46.9B$47.1B$50.6B$52.3B$54.3B
Net debt (− = net cash) $24.1B$26.3B$23.0B$24.9B$24.2B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$5.5M

9 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Oct 5, 2026 Andre SchultenChief Financial Officer Sold 3,914 $145.34 $0.6M Form 4
Oct 5, 2026 Paul GamaCEO- Health Care Sold 2,225 $145.34 $0.3M Form 4
Oct 5, 2026 Susan Street WhaleyChief Legal Officer & Secy Sold 2,369 $145.34 $0.3M Form 4
Aug 24, 2026 Matthew W. JanzarukSVP - Chief Accounting Officer Sold 359 $145.24 $0.1M Form 4
Aug 21, 2026 Sundar G. RamanCEO-Fabric Home & Habitat Care Sold 3,435 $143.02 $0.5M Form 4
Aug 20, 2026 Andre SchultenChief Financial Officer Sold 5,402 $143.79 $0.8M Form 4
Aug 20, 2026 Balaji PurushothamanChief Human Resources Officer Sold 2,019 $143.79 $0.3M Form 4
Aug 20, 2026 de Azevedo Juliana Monteiro SantosCEO - Grooming Sold 2,368 $143.79 $0.3M Form 4
Aug 20, 2026 Marc S. PritchardChief Brand Officer Sold 4,030 $143.79 $0.6M Form 4
Aug 20, 2026 Paul GamaCEO- Health Care Sold 3,396 $143.79 $0.5M Form 4
Aug 20, 2026 Shailesh JejurikarChairman, President and CEO, Director Sold 6,176 $143.79 $0.9M Form 4
Aug 20, 2026 Susan Street WhaleyChief Legal Officer & Secy Sold 2,238 $143.79 $0.3M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✓
Current ratio rose ✓ ✕ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✕ ✕
Revenue rose relative to assets ✕ ✕ ✓
F-score 7 / 95 / 96 / 9
Accruals ratio −4.1%−1.5%−2.8%
Altman Z'' 4.584.674.69

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Procter & Gamble PG $387.6B 3.3% 22.7% 17.4% 20.1% 24.3x 6
Kenvue KVUE $37.6B −2.1% 16.0% 11.4% 10.0% 22.5x 6 Compare →
Estée Lauder Companies EL $39.6B 5.1% 5.2% 8.7% 4.9% — 6 Compare →
Coty COTY $2.8B −1.5% −1.4% 6.0% −1.0% — 3 Compare →
e.l.f. Beauty ELF $6.8B 24.6% 4.5% 11.6% 3.8% 114.2x 4 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $65.1B $66.8B $67.7B $71.0B $76.1B $80.2B $82.0B $84.0B $84.3B $87.0B
Gross profit $32.4B $32.4B $32.9B $35.7B $39.0B $38.0B $39.2B $43.2B $43.1B $43.7B
Research and development $1.9B $1.9B $1.9B $1.8B $1.9B $2.0B $2.0B $2.0B $2.1B $2.1B
Operating income $13.8B $13.4B $5.5B $15.7B $18.0B $17.8B $18.1B $18.5B $20.5B $19.7B
Interest expense $465M $506M $509M $465M $502M $439M $756M $925M $907M $877M
Pretax income $13.3B $13.3B $6.1B $15.8B $17.6B $18.0B $18.4B $18.8B $20.2B $20.4B
Income tax $3.1B $3.5B $2.1B $2.7B $3.3B $3.2B $3.6B $3.8B $4.1B $4.2B
Net income $15.3B $9.8B $3.9B $13.0B $14.3B $14.7B $14.7B $14.9B $16.0B $16.0B
Diluted EPS $5.59 $3.67 $1.43 $4.96 $5.50 $5.81 $5.90 $6.02 $6.51 $6.62
Diluted shares 2.74B 2.66B 2.54B 2.63B 2.60B 2.54B 2.48B 2.47B 2.45B 2.42B
Cash flow
Cash from operations $12.8B $14.9B $15.2B $17.4B $18.4B $16.7B $16.8B $19.8B $17.8B $19.6B
Capital expenditure $3.4B $3.7B $3.3B $3.1B $2.8B $3.2B $3.1B $3.3B $3.8B $4.4B
Free cash flow $9.4B $11.2B $11.9B $14.3B $15.6B $13.6B $13.8B $16.5B $14.0B $15.1B
Depreciation and amortization $2.8B $2.8B $2.8B $3.0B $2.7B $2.8B $2.7B $2.9B $2.8B $3.2B
Stock-based compensation $351M $395M $515M $558M $540M $528M $545M $562M $476M $524M
Acquisitions $16.0M $109M $3.9B $58.0M $34.0M $1.4B $765M $21.0M $11.0M $85.0M
Share buybacks $5.2B $7.0B $5.0B $7.4B $11.0B $10.0B $7.4B $5.0B $6.5B $5.0B
Dividends paid $7.2B $7.3B $7.5B $7.8B $8.3B $8.8B $9.0B $9.3B $9.9B $10.2B
Dividends and buybacks $12.4B $14.3B $12.5B $15.2B $19.3B $18.8B $16.4B $14.3B $16.4B $15.3B
Balance sheet
Cash and short-term investments $5.6B $2.6B $4.2B $16.2B $10.3B $7.2B $8.2B $9.5B $9.6B $9.9B
Total debt $31.4B $30.4B $30.0B $34.6B $31.9B $31.3B $34.6B $32.4B $34.5B $34.1B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $26.5B $23.3B $22.5B $28.0B $23.1B $21.7B $22.6B $24.7B $25.4B $26.2B
Current liabilities $30.2B $28.2B $30.0B $33.0B $33.1B $33.1B $35.8B $33.6B $36.1B $38.7B
Inventory $4.6B $4.7B $5.0B $5.5B $6.0B $6.9B $7.1B $7.0B $7.6B $8.2B
Property and equipment, net $19.9B $20.6B $21.3B $20.7B $21.7B $21.2B $21.9B $22.2B $23.9B $25.4B
Total assets $120.4B $118.3B $115.1B $120.7B $119.3B $117.2B $120.8B $122.4B $125.2B $126.5B
Total liabilities $64.6B $65.4B $67.5B $73.8B $72.7B $70.4B $73.8B $71.8B $72.9B $72.2B
Shareholders' equity $55.8B $52.9B $47.6B $46.9B $46.7B $46.9B $47.1B $50.6B $52.3B $54.3B
Margins
Gross margin 49.8% 48.5% 48.6% 50.3% 51.3% 47.4% 47.9% 51.4% 51.2% 50.2%
Operating margin 21.2% 20.0% 8.1% 22.1% 23.6% 22.2% 22.1% 22.1% 24.3% 22.7%
EBITDA margin 25.5% 24.2% 12.3% 26.4% 27.2% 25.7% 25.4% 25.5% 27.6% 26.3%
Net margin 23.6% 14.6% 5.8% 18.4% 18.8% 18.4% 17.9% 17.7% 19.0% 18.4%
FCF margin 14.4% 16.7% 17.6% 20.2% 20.5% 16.9% 16.8% 19.7% 16.7% 17.4%
Returns
Return on capital 13.1% 12.2% 4.7% 18.7% 21.9% 21.0% 20.2% 20.2% 21.6% 20.1%
Return on capital employed 14.8% 14.8% 6.3% 18.2% 20.7% 20.9% 21.4% 21.3% 23.0% 22.3%
Return on equity 26.9% 18.0% 7.8% 27.6% 30.6% 31.5% 31.2% 30.5% 31.1% 30.1%
Return on assets 12.4% 8.2% 3.3% 11.1% 11.9% 12.5% 12.3% 12.2% 12.9% 12.8%
Growth
Revenue growth −0.4% 2.7% 1.3% 4.8% 7.3% 5.4% 2.3% 2.5% 0.3% 3.3%
Net income growth 45.9% −36.4% −60.0% 234.3% 9.8% 3.1% −0.6% 1.5% 7.4% 0.5%
EPS growth 51.5% −34.4% −61.0% 246.9% 10.9% 5.6% 1.6% 2.0% 8.1% 1.7%
FCF growth −22.7% 19.0% 6.7% 20.5% 8.8% −12.9% 1.6% 19.9% −15.0% 7.9%
Share count change −3.7% −3.1% −4.4% 3.4% −0.9% −2.4% −2.2% −0.5% −0.7% −1.3%
Financial health
Net debt / EBITDA 1.6x 1.7x 3.1x 1.0x 1.0x 1.2x 1.3x 1.1x 1.1x 1.1x
Debt / equity 0.6x 0.6x 0.6x 0.7x 0.7x 0.7x 0.7x 0.6x 0.7x 0.6x
Interest coverage 29.6x 26.4x 10.8x 33.8x 35.8x 40.6x 24.0x 20.1x 22.6x 22.5x
Current ratio 0.9x 0.8x 0.8x 0.9x 0.7x 0.7x 0.6x 0.7x 0.7x 0.7x
Quick ratio 0.7x 0.7x 0.6x 0.7x 0.5x 0.5x 0.4x 0.5x 0.5x 0.5x
Capital allocation
Capex / revenue 5.2% 5.6% 5.0% 4.3% 3.7% 3.9% 3.7% 4.0% 4.5% 5.1%
Stock comp / revenue 0.5% 0.6% 0.8% 0.8% 0.7% 0.7% 0.7% 0.7% 0.6% 0.6%
Payouts / FCF 132.8% 128.4% 105.1% 106.0% 123.7% 138.4% 118.6% 86.7% 116.6% 100.8%
Quality scores
Piotroski F-score 6.0 5.0 6.0 7.0 8.0 7.0 7.0 7.0 5.0 6.0
Altman Z'' 4.1 4.1 3.3 4.0 4.0 4.2 4.2 4.6 4.7 4.7
Accruals ratio 2.1% −4.3% −9.7% −3.7% −3.4% −1.7% −1.8% −4.1% −1.5% −2.8%

Source: SEC EDGAR XBRL filings (CIK 0000080424). Data updated October 22, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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