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Stocks / United States / KVUE · Perfumes, Cosmetics & Other Toilet Preparations · NYSE

Kenvue Inc. (KVUE)

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Kenvue Inc. (KVUE) reported revenue of $4.0 billion for Q2 FY2026, the quarter ended 28 June 2026, up 3.0% on the same quarter a year earlier. Net income was $456 million, up 8.6% on the year, and diluted earnings per share $0.24. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$4.0 billionup 3.0%
Net income$456 millionup 8.6%
Diluted EPS$0.24
QuarterQ2 FY2026ended 28 June 2026

Ratios

From the filings

ROE15.7%
ROCE13.8%
Operating margin17.1%
Net margin10.8%
FCF margin12.4%
Interest cover6.19
Debt to equity0.80
Cash conversion1.40
Share count, 1 year0.1%
Sales CAGR, 3 years0.4%
Profit CAGR, 3 years-10.7%
EPS, TTM$0.86

At the close of 21 September 2026

Price$17.67
Market cap$33.9 billion
Stock P/E20.55
Price to book3.22
EV / EBITDA12.93
Dividend yield4.7%
Market cap / sales2.20
52-week high$19.83
52-week low$14.11
Price, 1 year-3.7%
Price CAGR, 3 years-4.9%
Price CAGR, 5 yearsn/a

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the total debt Kenvue Inc. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 4 May 2023 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on KVUE

Filings18 in twelve months: 10 current reports (8-K), about 4 results of operations; 3 officer or director change; 2 shareholder vote; 2 regulation fd disclosure; 1 exit or disposal costs
Planned insider sales2 Form 144 notices in twelve months, $746,679; latest 10 June 2026
Options tapeput/call 0.65 by open interest on 23 September 2026; the straddle prices a 2.0% move to 25 September 2026
Holders12 of the followed funds hold it; largest FMR LLC; 7 Schedule 13D or 13G filings in twelve months
Insider trading2 sales and 2 purchases on Form 4 in twelve months
Congress5 House trades disclosed in six months
Short interest72.1 million shares short, 3.35 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue3,9153,6663,8944,0003,8993,6623,7413,8393,7643,7803,9093,955
Cost of revenue1,6651,6231,6521,6351,6171,5921,5731,5781,5381,6431,6071,654
Gross profit2,2502,0432,2422,3652,2822,0702,1682,2612,2262,1372,3022,301
Gross margin57%56%58%59%59%57%58%59%59%57%59%58%
R&D78.013310010597.010699.091.094.098.084.094.0
SG&A1,5311,5861,5731,6411,5901,5251,5371,5041,5121,5351,4531,537
Operating income710460550154654483558692629535767699
Operating margin18%13%14%4%17%13%15%18%17%14%20%18%
Interest expense10096.0109106108108107107107109106103
Pre-tax income58535742765.0577346458588526427672598
Tax rate25%8%31%11%34%15%30%29%24%23%29%24%
Net income43832729658.0383293322420398330474456
Net margin11%9%8%1%10%8%9%11%11%9%12%12%
Diluted EPS$0.23$0.17$0.15$0.03$0.20$0.16$0.17$0.22$0.21$0.16$0.25$0.24
Operating cash flow674950287440249793428621294854489688
Capital expenditure11422315390.059.013217988.098.011013964.0
Free cash flow560727134350190661249533196744350624
Buybacks0.07.091.00.023.012163.064.070.00.00.00.0
Dividends paid383383383383393393392393398398398398
Shares outstanding1,915m1,915m1,915m1,915m1,916m1,914m1,919m1,919m1,916m1,916m1,920m1,920m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 5 fiscal years and the trailing twelve months

FY2021 FY2022 FY2023FY2024FY2025TTM
Revenue15,05414,95015,44415,45515,12415,408
Cost of revenue6,6356,6656,8016,4966,3326,442
Gross profit8,4198,2858,6438,9598,7928,966
Gross margin55.9%55.4%56.0%58.0%58.1%58.2%
Research and development355375399408382370
Selling, general and administrative5,4845,6336,1416,3296,0886,037
Operating income2,9202,6752,5121,8412,4142,630
Operating margin19.4%17.9%16.3%11.9%16.0%17.1%
Interest expense0.00.0250431430425
Pre-tax income2,9252,6372,1901,4151,9992,223
Income tax847573526385529565
Effective tax rate29.0%21.7%24.0%27.2%26.5%25.4%
Net income2,0782,0641,6641,0301,4701,658
Net margin13.8%13.8%10.8%6.7%9.7%10.8%
Diluted EPS$1.21$1.20$0.90$0.54$0.76$0.86
Filing10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free 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. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2021 FY2022 FY2023FY2024FY2025TTM
Operating cash flow3342,5253,1681,7692,1972,325
Capital expenditure295375469434475411
Free cash flow39.02,1502,6991,3351,7221,914
Free cash flow margin0.3%14.4%17.5%8.6%11.4%12.4%
Depreciation and amortisation731644627622557565
Share-based compensation141137188254136116
Buybacksn/a0.07.023519770.0
Dividends paid0.00.07661,5521,5811,592
Dividend per sharen/an/a$0.40$0.81$0.82n/a
Diluted shares, weighted1,716m1,716m1,850m1,923m1,924m1,923m
Shares outstanding at period endn/a1,915m1,915m1,914m1,916m1,920m
Filing10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2021 FY2022 FY2023FY2024FY2025TTM
Total assetsn/a27,31627,85125,60127,07626,735
Cash and equivalents7401,2311,3821,0701,0621,110
Receivablesn/a2,1222,0732,1652,3822,476
Inventoryn/a2,2261,8511,5911,6661,722
Goodwill9,8109,1859,2718,8439,5099,265
Total debt, as filedn/a0.08,2868,6078,5248,480
Long-term debtn/a0.07,687n/an/an/a
Operating lease liabilitiesn/a81.097.076.010792.0
Shareholders' equity20,49119,97011,2119,66810,76510,553
Filing10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a0.4%1.8%
Profit growth, compoundedn/an/a-10.7%16.9%
Return on equity, averagen/a11.9%13.1%13.7%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Perfumes, Cosmetics & Other Toilet Preparations

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Colgate-Palmolive Co. CL$68.8 billion34.09863.6%14.9%5.2%33.152.4%
Estee Lauder Companies Inc. EL$35.1 billion192.684.8%5.2%5.0%1.921.5%
Kenvue Inc. KVUE$33.9 billion20.5515.7%17.1%1.8%0.804.7%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q28 June 20266 August 2026EDGAR
10-Q29 March 20267 May 2026EDGAR
10-K28 December 202520 February 2026EDGAR
10-Q28 September 20253 November 2025EDGAR
10-Q29 June 20257 August 2025EDGAR
10-Q30 March 20258 May 2025EDGAR
10-K29 December 202424 February 2025EDGAR
10-Q29 September 20247 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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