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Unilever plc (UL)

Unilever makes and sells consumer goods across four Business Groups: Beauty & Wellbeing, Personal Care, Home Care and Foods. The fifth, Ice Cream, was demerged during 2025 and now trades as The Magnum Ice Cream Company, with Unilever retaining a minority stake of 19.85%, so the comparatives have been re-presented on a continuing operations basis. The company says 3.7 billion people use its products every day, and it employs 96,000 people. Figures are stated in euro.

Unilever plc

Unilever makes and sells consumer goods across four Business Groups: Beauty & Wellbeing, Personal Care, Home Care and Foods. The fifth, Ice Cream, was demerged during 2025 and now trades as The Magnum Ice Cream Company, with Unilever retaining a minority stake of 19.85%, so the comparatives have been re-presented on a continuing operations basis. The company says 3.7 billion people use its products every day, and it employs 96,000 people. Figures are stated in euro.

How the year went

Underlying sales grew 3.5%, split 1.5% volume and 2.0% price, with four quarters of positive underlying volume growth and every Business Group growing volume. Power Brands, which are 78% of turnover, grew underlying sales 4.3% with volume up 2.2%. Gross margin was 46.9%. The underlying operating margin was 20.0%, which the filing describes as higher on disciplined overhead management. The reported operating margin was 17.9% against 16.8%. Underlying earnings per share rose 0.7% and diluted earnings per share 6.2%. Return on invested capital was 16.2% against 15.9%, and on an underlying basis 19.0% against 19.1%.

The four Business Groups

Beauty & Wellbeing grew underlying sales 4.3% with volume up 2.2%, led by double-digit growth in Wellbeing, Dove and Vaseline. Personal Care grew underlying sales 4.7%, of which 3.6% was price, which the filing attributes to market share gains, premium innovations and commodity-driven price increases. Home Care grew underlying sales 2.6%, led by 2.2% volume growth on execution across key regions. Foods grew underlying sales 2.5% with volume up 0.8%, driven by emerging markets against declining developed markets.

Developed and emerging markets

Developed markets were 41% of group turnover and grew underlying sales 3.6%, with volume up 2.6% and price up 0.9%. North America grew underlying sales 5.3%, which the filing credits to the multi-year shift of the portfolio towards Beauty & Wellbeing and Personal Care. Europe grew 1.5%, with volume growth in Home Care helped by the further roll-out of Wonder Wash and other premium innovations, partly offset by a decline in Foods. Emerging markets were 59% of group turnover and grew underlying sales 3.5%, led by mid-single-digit growth in Asia Pacific, with India up 4.0% and Latin America up 0.5%.

Research and organisation

Research and development spending was €836m. Each of the top 24 markets now has category-dedicated sales forces, which the company presents as strengthening focus, expertise and accountability. Employee satisfaction stood at 84% for Unilever as a place to work.

The demerger

The Ice Cream demerger completed during 2025, leaving the retained business with what the company calls a clearer strategic and capital allocation focus. Since the demerger the Unilever share price has risen 11.6% and The Magnum Ice Cream Company is up 1.3%, which the filing says combine to add over €16 billion of shareholder value as at 2 March 2026. Demerger costs were the main reason cash generation fell by €0.4 billion despite 100% cash conversion.

From Unilever's annual report on Form 20-F for the year ended 31 December 2025. That filing carries no Item 4 or Item 5 heading in its body, using a cross-reference index instead, so the annual report is read as one whole document rather than from separately located sections. The filing

Compare with another name

Unilever plc files a 20-F with the SEC once a year, in euros. In the year to 31 December 2025 it reported revenue of EUR 50,503 million ($57.1 billion at the year's average rate), down 3.8% on the year before. Its profit attributable to shareholders was EUR 9,469 million, up 64.9%, and diluted earnings per share EUR 4.32.

Unilever (UL) in brief

Unilever (UL) reported revenue of EUR 50.5 billion for the year to 31 December 2025, down 3.8% on the year before.
Read moreProfit attributable to shareholders was EUR 9.5 billion and diluted earnings per share EUR 4.32. Revenue was EUR 52.5 billion in 2024, EUR 51.7 billion in 2023, EUR 60.1 billion in 2022 and EUR 52.4 billion in 2021. Profit attributable to shareholders in the same years was EUR 5.7 billion, EUR 6.5 billion, EUR 7.6 billion and EUR 6.0 billion. Revenue fell 0.1% a year, compounded, over the five years to 2025. At the close of 10 November 2026 the market cap of Unilever was $144.9 billion, 13.8 times its earnings for 2025.

The share in the US

Last close$66.46 on 10 November 2026
52-week range$55.05 (4 June 2026) to $74.59 (13 February 2026)
Over one yearup 2.3%
Market cap$144.9 billion: 2,181,005,247 shares outstanding at 31 December 2025 (20-F), each US share standing for one ordinary share
P/E, latest fiscal year13.8: the last close over diluted EPS for the year to Dec 2025, EUR 4.32 per ordinary share, $4.82 at 1.1154 US dollars per EUR on 6 November 2026 (FRED DEXUSEU). The company reports once a year, so this is the latest fiscal year, not the last four quarters.
US dollars per share as it trades in the US; the market cap and the P/E are worked out here, not filed.
Read morePrices from IEX, for splits; here, for spin-offs, from the company's filings.

Ratios

From the latest annual report, the year to Dec 2025, in dollars

ROE61.0%
ROCE21.7%
Operating margin17.9%
Net margin18.7%
FCF margin13.7%
Interest cover8.83
Debt to equity1.68
Cash conversion0.88
Share count, last 12 months-1.4%
Sales CAGR, 3 years-5.6%
Profit CAGR, 3 years7.4%
EPS$4.82

At the close of 10 November 2026

Price$66.46
Market cap$144.9 billion
Stock P/E13.79
Price to book8.37
EV / EBITDAn/a
Dividend yield3.5%
Market cap / sales2.57
52-week high$74.59
52-week low$55.05
Price, 1 year2.3%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowings total Unilever plc states in its annual report, never added up from its parts; lease liabilities are a separate line. Nothing here is a valuation or a view.
ULgreeksoup.ai
Daily prices to 10 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. This company reports once a year, so every view here moves once a year, on the day each annual report was filed, and holds until the next. P/E is the close over the year's EPS per US share: the EPS as filed, in dollars at the year's average exchange rate (Federal Reserve, from FRED). Sales and margin are each year's revenue in dollars and its operating margin. EV/EBITDA, price to book and market cap to sales set the close against that year's balance sheet in dollars at its year-end rate and its share count per US share. The dashed line is the median over the range shown. The P/E above uses today's exchange rate, so the latest point here can differ from it a little. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on UL

DividendsEUR 4,453 million paid in cash dividends in FY2025
Filings54 in twelve months: 53 reports on Form 6-K, most often director/PDMR shareholding (18); total voting rights (9); response to media speculation (2); cancellation of treasury shares (2); unilever investor event 2026 (1)
Planned insider sales2 Form 144 notices in twelve months, $3.1 million; latest 6 November 2026
Options tapeput/call 0.83 by open interest at the 10 November 2026 close; the straddle prices a 4.0% move to 20 November 2026
13F holders1,184 funds reported a position for the quarter to 30 June 2026; largest Wellington Management Group LLP
Congress0 House trades disclosed in six months
Short interest5.8 million shares short, 1.22 days to cover at 30 October 2026

Income statement (profit and loss), 11 fiscal years

Year toDec 2015Dec 2016Dec 2017 †Dec 2018 †Dec 2019Dec 2020Dec 2021Dec 2022 †Dec 2023 †Dec 2024 †Dec 2025
Revenue53,27252,71353,71550,98251,98050,72452,44460,07351,68052,47950,503
Cost of sales30,80830,22930,48428,70329,10228,68430,25935,90629,18027,97626,794
Gross profit22,46422,48423,23122,27922,87822,04022,18524,16722,50024,50323,709
Research and developmentn/an/an/an/an/a800847908853892836
Selling, general and administrative14,94914,68313,73112,81612,93112,67312,54914,48413,42114,30513,624
Operating profit7,5157,8018,95712,6398,7088,3038,70210,7558,9988,8299,037
Finance costs5165846837188217284918189229941,024
Profit before tax7,2207,4698,12612,3608,2897,9968,55610,3378,6278,3718,693
Income tax1,9611,9221,6702,5722,2631,9231,9352,0681,9902,3322,481
Profit for the year5,2595,5476,4569,7886,0266,0736,6218,2697,1406,36910,011
Profit attributable to shareholders4,9095,1846,0239,3695,6255,5816,0497,6426,4875,7449,469
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
EUR million, from each year's annual report on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed.
Read moreA line the company does not file under the standard tag is left out rather than estimated. A year marked † shows the figure as the company restated it in a later annual report (Dec 2017, Dec 2018, Dec 2022, Dec 2023, Dec 2024); the first-filed figure is in the CSV. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on. Each year links to its own page.
Year toDec 2015Dec 2016Dec 2017 †Dec 2018 †Dec 2019Dec 2020Dec 2021Dec 2022 †Dec 2023 †Dec 2024 †Dec 2025
Diluted EPS1.721.822.143.482.142.122.322.992.892.584.32
Basic EPS1.731.832.153.492.152.132.333.002.902.594.33
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F

EUR per ordinary share, as filed. One US-listed share can stand for more or fewer ordinary shares; the P/E above puts the two on the same basis.

Revenue by segment

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Share
of the parts, latest year
Personal Caren/an/an/an/a12,04211,76313,63613,82913,61813,16126.1%
Foodsn/an/an/an/an/an/a13,89813,20413,35212,92925.6%
Beauty & Wellbeingn/an/an/an/a9,08210,13812,25012,46613,15712,84825.4%
Home Care10,00910,57410,13110,82510,46010,57212,40112,18112,35211,56522.9%
Beauty & Personal Care20,17220,69720,62421,868n/an/an/an/an/an/an/a
Foods & Refreshment22,53222,44420,22719,287n/an/an/an/an/an/an/a
Ice Creamn/an/an/an/a6,6546,8677,888n/an/an/an/a
Nutritionn/an/an/an/a12,48613,104n/an/an/an/an/a
Personal Care FY2020 to FY2025Foods FY2022 to FY2025Beauty & Wellbeing FY2020 to FY2025Home CareIce Cream FY2020 to FY2022Nutrition FY2020 to FY2021Foods & Refreshment FY2016 to FY2019Beauty & Personal Care FY2016 to FY2019
53.7Dec 201752.0Dec 201952.4Dec 202151.7Dec 202350.5Dec 2025

EUR billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

EUR million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.

Cash flow statement

Year toDec 2015Dec 2016Dec 2017 †Dec 2018 †Dec 2019Dec 2020Dec 2021Dec 2022 †Dec 2023 †Dec 2024 †Dec 2025
Cash from operations7,3307,0477,8797,3188,1099,0587,9727,2829,4269,5198,350
Purchase of property, plant and equipment1,8671,8041,5091,3291,3168631,1081,4561,1941,3811,417
Free cash flow5,4635,2436,3705,9896,7938,1956,8645,8268,2328,1386,933
Cash from investing-3,539-3,188-5,8794,644-2,237-1,481-3,2462,453-2,294-625-3,118
Cash from financing-3,032-3,073-2,020-12,113-4,667-5,804-7,099-8,890-7,193-6,941-6,814
Depreciation and amortisation1,3701,4642,0252,0081,9642,0181,7461,7251,1471,2371,310
Dividends paid3,3313,6093,9164,0664,2094,2794,4834,3294,3634,3194,453
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
EUR million, from the cash flow statement as filed.
Read morePurchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines. Cash from investing and from financing are the company's own section totals, below zero where cash went out. Buybacks are the cash paid for the company's own shares.

Balance sheet at year end

Year toDec 2015Dec 2016Dec 2017 †Dec 2018 †Dec 2019Dec 2020Dec 2021Dec 2022 †Dec 2023 †Dec 2024 †Dec 2025
Funded by
Equity attributable to shareholders16,08216,35413,62911,39713,19215,26617,10719,02118,10219,99015,530
Non-controlling interestsn/a6267587206942,3892,6392,6802,6622,5652,057
Borrowings, as filedn/an/an/an/an/an/an/a26,51226,69228,64826,038
Lease liabilitiesn/an/an/a1,9811,9191,7711,6491,4081,3951,4861,326
Other liabilitiesn/a39,44945,89847,01349,00148,23353,70028,20026,41527,06125,520
Total equity and liabilitiesn/a56,42960,28561,11164,80667,65975,09577,82175,26679,75070,471
Owned
Property, plant and equipmentn/a11,67310,41112,08812,06210,55810,3479,4169,37710,2597,826
Goodwilln/a17,62416,88117,34118,06718,94220,33021,60921,10922,31117,709
Other intangible assetsn/a9,80911,52012,15212,96215,99918,26118,88018,35718,59017,055
Cash and cash equivalentsn/a3,3823,3173,2304,1855,5483,4154,3264,1596,1363,941
Trade and other receivablesn/a5,1025,2226,4826,6954,9395,4227,0565,7756,0117,346
Inventoriesn/a4,2783,9624,3014,1644,4624,6835,9315,1195,1774,043
Other assetsn/a4,5618,9725,5176,6717,21112,63710,60311,37011,26612,551
Total assetsn/a56,42960,28561,11164,80667,65975,09577,82175,26679,75070,471
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F
EUR million, at each fiscal year end.
Read moreBoth totals are the company's own; other liabilities and other assets are each total less the rows shown. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toDec 2015Dec 2016Dec 2017 †Dec 2018 †Dec 2019Dec 2020Dec 2021Dec 2022 †Dec 2023 †Dec 2024 †Dec 2025
Gross margin42.2%42.7%43.2%43.7%44.0%43.5%42.3%40.2%43.5%46.7%46.9%
Operating margin14.1%14.8%16.7%24.8%16.8%16.4%16.6%17.9%17.4%16.8%17.9%
Net margin9.2%9.8%11.2%18.4%10.8%11.0%11.5%12.7%12.6%10.9%18.7%
Free cash flow margin10.3%9.9%11.9%11.7%13.1%16.2%13.1%9.7%15.9%15.5%13.7%
Return on year-end equity30.5%31.7%44.2%82.2%42.6%36.6%35.4%40.2%35.8%28.7%61.0%
Effective tax rate27.2%25.7%20.6%20.8%27.3%24.0%22.6%20.0%23.1%27.9%28.5%
Filing20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F20-F

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Questions

What was Unilever's revenue in 2025?

Unilever (UL) reported revenue of EUR 50.5 billion for the year to 31 December 2025, down 3.8% on the year before.

How much did Unilever earn in 2025?

Profit attributable to shareholders was EUR 9.5 billion for the year to 31 December 2025, and diluted earnings per share EUR 4.32.

What is Unilever's P/E ratio?

At the close of 10 November 2026, Unilever traded at 13.8 times its earnings for 2025.

What is Unilever's market cap?

The market cap of Unilever was $144.9 billion at the close of 10 November 2026.

Peers: Consumer Goods

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Procter & Gamble Co. PG$390.8 billion25.3929.0%22.6%3.5%0.702.5%
Unilever plc UL *$144.9 billion13.7961.0%17.9%-3.8%1.683.5%
Ecolab Inc. ECL$85.8 billion41.6420.0%16.7%9.3%1.271.0%
Colgate-Palmolive Co. CL$78.0 billion38.46713.2%14.8%5.9%26.792.2%
Estee Lauder Companies Inc. EL$41.1 billion112.289.1%6.7%5.8%1.801.2%
Haleon plc HLN *$40.5 billion18.3010.1%21.9%-1.8%0.522.0%
Kenvue Inc. KVUE$37.1 billion21.9416.6%17.4%3.5%0.814.3%
SharkNinja, Inc. SN$31.9 billion38.0326.7%15.6%n/a0.22n/a
Church & Dwight Co. Inc. CHD$26.4 billion34.3817.3%18.0%1.7%0.491.1%
Somnigroup International Inc. SGI$14.5 billion26.0411.2%11.9%15.1%1.161.1%
Clorox Co. CLX$12.9 billion19.17n/an/a6.3%n/a4.7%
Stepan Co. SCL$1.5 billion351.210.4%0.9%10.0%0.522.4%
All 37 in Consumer Goods
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Procter & Gamble Co. PG$390.8 billion25.3929.0%22.6%3.5%0.702.5%
Unilever plc UL *$144.9 billion13.7961.0%17.9%-3.8%1.683.5%
Ecolab Inc. ECL$85.8 billion41.6420.0%16.7%9.3%1.271.0%
Colgate-Palmolive Co. CL$78.0 billion38.46713.2%14.8%5.9%26.792.2%
Estee Lauder Companies Inc. EL$41.1 billion112.289.1%6.7%5.8%1.801.2%
Haleon plc HLN *$40.5 billion18.3010.1%21.9%-1.8%0.522.0%
Kenvue Inc. KVUE$37.1 billion21.9416.6%17.4%3.5%0.814.3%
SharkNinja, Inc. SN$31.9 billion38.0326.7%15.6%n/a0.22n/a
Church & Dwight Co. Inc. CHD$26.4 billion34.3817.3%18.0%1.7%0.491.1%
Somnigroup International Inc. SGI$14.5 billion26.0411.2%11.9%15.1%1.161.1%
Clorox Co. CLX$12.9 billion19.17n/an/a6.3%n/a4.7%
A. O. Smith Corp. AOS$8.8 billion17.9227.1%17.5%-0.7%0.372.2%
e.l.f. Beauty, Inc. ELF$7.0 billion81.667.1%8.9%39.9%0.67n/a
Interparfums Inc. IPAR$4.3 billion25.5519.4%17.9%2.6%0.222.4%
Coty Inc. COTY$3.8 billionn/a-18.1%-1.7%-0.2%0.88n/a
Harley-Davidson, Inc. HOG$3.5 billionn/a-4.4%-5.6%-14.6%0.772.2%
Imax Corp. IMAX$2.7 billion21.1727.3%26.8%28.1%0.50n/a
Whirlpool Corp. WHR$2.0 billionn/a-3.3%2.9%-6.4%1.8417.5%
Stepan Co. SCL$1.5 billion351.210.4%0.9%10.0%0.522.4%
Edgewell Personal Care Co. EPC$1.4 billionn/a-6.4%-0.6%-7.0%0.882.0%
MasterBrand, Inc. MBC$1.4 billionn/a-6.3%-2.0%12.9%0.63n/a
La-Z-Boy Inc. LZB$1.3 billion16.578.0%5.0%0.2%0.002.8%
Apogee Enterprises, Inc. APOG$1,000 million15.1412.8%7.2%3.0%0.642.2%
Compass Diversified Holdings CODI$897 millionn/a0.1%6.0%-8.2%3.234.2%
Helen of Troy Ltd. HELE$890 millionn/a-11.6%1.3%0.3%0.79n/a
Eastman Kodak Co. KODK$831 millionn/a-13.1%2.5%9.3%0.17n/a
Fox Factory Holding Corp. FOXF$746 millionn/a-72.4%-26.7%-2.2%0.71n/a
Movado Group Inc. MOV$716 million17.828.2%6.9%5.2%0.004.5%
Fossil Group, Inc. FOSL$467 millionn/a-77.7%-0.6%-9.1%2.26n/a
Ethan Allen Interiors Inc. ETD$455 million14.798.2%6.5%-7.4%0.0010.0%
Hamilton Beach Brands Holding Co. HBB$409 million6.9326.9%12.6%1.7%0.111.6%
Flexsteel Industries Inc. FLXS$303 million11.8523.6%8.7%3.4%0.001.2%
Bassett Furniture Industries Inc. BSET$191 million28.014.1%2.5%1.4%0.003.6%
Traeger, Inc. COOK$180 millionn/a-36.7%-7.9%-25.5%2.86n/a
Hooker Furnishings Corp. HOFT$156 millionn/an/an/an/a0.004.0%
GoPro, Inc. GPRO$156 millionn/an/a-21.2%-23.9%n/an/a
LiveWire Group, Inc. LVWR$96 millionn/an/a-212.1%33.4%n/an/a
4 companies share its SEC industry code (Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics); the rest are the names nearest in size in its wider industry, Consumer Goods, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Annual reports on EDGAR

FormYear toFiled
20-F31 December 202512 March 2026EDGAR
20-F31 December 202413 March 2025EDGAR
20-F31 December 202314 March 2024EDGAR
20-F31 December 202213 March 2023EDGAR
20-F31 December 20219 March 2022EDGAR
20-F31 December 202010 March 2021EDGAR
20-F31 December 20199 March 2020EDGAR
20-F31 December 201811 March 2019EDGAR
20-F/A31 December 20178 March 2018EDGAR
20-F31 December 201728 February 2018EDGAR
20-F31 December 201628 February 2017EDGAR
20-F31 December 201523 February 2016EDGAR