Colgate-Palmolive (CL) FY2024 results: revenue $20.1 billion, up 3.3% on the year
Colgate-Palmolive Co. (CL) reported revenue of $20.1 billion for fiscal 2024, the year ended 31 December 2024, up 3.3% on the year before. Net income was $2.9 billion, up 25.6%, and diluted earnings per share $3.51. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$20.1 billion
+3.3% on the year
FY2017FY2024
Operating margin
21.2%
20.5% a year earlier
FY2017FY2024
Net income
$2.9 billion
+25.6% on the year
FY2017FY2024
Diluted EPS
$3.51
+26.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,107
3,745
2,556
+9.7%
Capital expenditure
561
705
696
-20.4%
Free cash flow
3,546
3,040
1,860
+16.6%
Free cash flow margin
17.6%
15.6%
10.4%
Cash from investing
-534
-742
-1,601
Cash from financing
-3,389
-2,793
-952
Depreciation and amortisation
605
567
545
+6.7%
Share-based compensation
135
122
125
+10.7%
Buybacks
1,739
1,128
1,308
+54.2%
Dividends paid
1,789
1,749
1,691
+2.3%
Dividend per share
$2.48
$1.91
$1.86
+29.8%
Diluted shares, weighted
823m
829m
839m
-0.7%
Shares outstanding at period end
813m
821m
830m
-1.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
212
609
401
-65.2%
Non-controlling interest
332
348
405
-4.6%
Debt
7,949
8,549
8,755
-7.0%
Operating lease liabilities
456
420
397
+8.6%
Other liabilities
7,097
6,467
5,773
+9.7%
Total liabilities and equity
16,046
16,393
15,731
-2.1%
Fixed assets
4,422
4,582
4,307
-3.5%
Goodwill
3,272
3,410
3,352
-4.0%
Intangible assets
1,756
1,887
1,920
-6.9%
Investments
160
179
n/a
-10.6%
Cash and equivalents
1,096
966
775
+13.5%
Receivables
1,521
1,586
1,504
-4.1%
Inventory
1,987
1,934
2,074
+2.7%
Other assets
1,832
1,849
1,799
-0.9%
Total assets
16,046
16,393
15,731
-2.1%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.