Coty vs Kenvue
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The short version
- Kenvue is the larger business, with $15.1B of revenue in fiscal 2025 against $5.8B for Coty, about 2.6 times as much.
- Coty grew revenue faster (β1.5%, against β2.1%).
- Kenvue kept more of each dollar of sales as operating profit (16.0% operating margin, against β1.4%).
- Kenvue turned more of its sales into free cash flow (11.4% FCF margin, against 6.0%).
- Kenvue earned a higher return on the capital invested in it (10.0%, against β1.0%).
| Latest fiscal year | COTY Β· FY26 | KVUE Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.8B | $37.6B |
| Revenue | $5.8B | $15.1B |
| Free cash flow | $348M | $1.7B |
| Net income | β$605M | $1.5B |
| Growth | ||
| Revenue growth | β1.5% | β2.1% |
| 5-year growth | 4.6% | β |
| Share count change | 0.8% | 0.1% |
| Profitability | ||
| Gross margin | 62.9% | 58.1% |
| Operating margin | β1.4% | 16.0% |
| Net margin | β10.4% | 9.7% |
| FCF margin | 6.0% | 11.4% |
| Return on capital | β1.0% | 10.0% |
| Return on equity | β18.5% | 14.4% |
| Balance sheet | ||
| Net debt | $2.9B | $7.5B |
| Net debt / EBITDA | 7.3x | 2.5x |
| Dividends and buybacks | $13.2M | $1.8B |
| Valuation & quality | ||
| P/E | β | 22.5x |
| Piotroski F-score | 3 | 6 |
Revenue
FY17
COTY $7.7B
KVUE β
FY18
COTY $6.8B
KVUE β
FY19
COTY $6.3B
KVUE β
FY20
COTY $4.7B
KVUE β
FY21
COTY $4.6B
KVUE $15.1B
FY22
COTY $5.3B
KVUE $15.0B
FY23
COTY $5.6B
KVUE $15.4B
FY24
COTY $6.1B
KVUE $15.5B
FY25
COTY $5.9B
KVUE $15.1B
FY26
COTY $5.8B
KVUE β
COTY
KVUE
Operating margin
FY17
COTY β5.5%
KVUE β
FY18
COTY β2.3%
KVUE β
FY19
COTY β58.7%
KVUE β
FY20
COTY β26.2%
KVUE β
FY21
COTY β1.1%
KVUE 19.4%
FY22
COTY 4.5%
KVUE 17.9%
FY23
COTY 9.8%
KVUE 16.3%
FY24
COTY 8.9%
KVUE 11.9%
FY25
COTY 4.1%
KVUE 16.0%
FY26
COTY β1.4%
KVUE β
COTY
KVUE
Free cash flow
FY17
COTY $325M
KVUE β
FY18
COTY β$32.7M
KVUE β
FY19
COTY $213M
KVUE β
FY20
COTY β$318M
KVUE β
FY21
COTY $145M
KVUE $39.0M
FY22
COTY $553M
KVUE $2.2B
FY23
COTY $403M
KVUE $2.7B
FY24
COTY $369M
KVUE $1.3B
FY25
COTY $278M
KVUE $1.7B
FY26
COTY $348M
KVUE β
COTY
KVUE
Return on capital
FY17
COTY β3.3%
KVUE β
FY18
COTY β0.8%
KVUE β
FY19
COTY β20.7%
KVUE β
FY20
COTY β8.5%
KVUE β
FY21
COTY β0.4%
KVUE β
FY22
COTY 1.9%
KVUE β
FY23
COTY 5.2%
KVUE 10.4%
FY24
COTY 3.7%
KVUE 7.6%
FY25
COTY 2.5%
KVUE 10.0%
FY26
COTY β1.0%
KVUE β
COTY
KVUE
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.