Kenvue Inc.(KVUE)Earnings, Financials & Key Ratios

KVUE•NYSE

$17.68

$33.87B mkt cap·32.7× P/E·Price updated May 6, 2026

SectorConsumer Defensive IndustryHousehold Products Sub-IndustryConsumer Health and Wellness Products

AboutKenvue Inc. operates as a consumer health company worldwide. The company operates through three segments: Self Care, Skin Health and Beauty, and Essential Health. The Self Care segment offers cough, cold and allergy, pain care, digestive health, smoking cessation, and other products under the Tylenol, Nicorette, and Zyrtec brands. The Skin Health and Beauty segment provides face and body care, hair care, and sun and other care products under the Neutrogena, Aveeno, and OGX brand names. The Essential Health segment offers oral and baby, women's health, and wound care products under the Listerine, Johnson's, Band-Aid, and Stayfree brands. The company was incorporated in 2022 and is headquartered in Skillman, New Jersey. Kenvue Inc. operates as a subsidiary of Johnson & Johnson.Show more

Revenue$15.46B
EBITDA$2.46B-21.5%
Net Income$1.03B-38.1%
EPS (Diluted)0.54-37.9%
Gross Margin57.97%+3.6%
EBITDA Margin15.94%-21.6%
Operating Margin11.91%-26.8%
Net Margin6.66%-38.1%
ROE9.87%-7.6%
ROIC7.76%-5.1%
Debt/Equity0.90+20.0%
Interest Coverage4.27-39.1%

Analysis→Technical→

KVUE Key Insights

Kenvue Inc. (KVUE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 4.6%

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

KVUE Price & Volume

Kenvue Inc. (KVUE) stock price & volume — 10-year historical chart

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KVUE Growth Metrics

Kenvue Inc. (KVUE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-

3 Years0.88%

TTM-2.93%

Profit CAGR

10 Years-

5 Years-

3 Years-20.86%

TTM34.68%

EPS CAGR

10 Years-

5 Years-

3 Years-21.11%

TTM36.31%

Return on Capital

10 Years7.86%

5 Years7.86%

3 Years10.34%

Last Year8.72%

KVUE Recent Earnings

Kenvue Inc. (KVUE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)

Q1 2026Latest

Feb 17, 2026

EPS

$0.27

Est $0.22

+21.2%

Revenue

$3.8B

Est $3.7B

+2.6%

Q4 2025

Nov 3, 2025

EPS

$0.28

Est $0.26

+7.6%

Revenue

$3.8B

Est $3.8B

-1.5%

Q3 2025

Aug 7, 2025

EPS

$0.29

Est $0.28

+2.9%

Revenue

$3.8B

Est $3.9B

-0.4%

Q2 2025

May 8, 2025

EPS

$0.24

Est $0.23

+5.5%

Revenue

$3.7B

Est $3.7B

+1.7%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 17, 2026	$0.27vs $0.22+21.2%	$3.8Bvs $3.7B+2.6%
Q4 2025	Nov 3, 2025	$0.28vs $0.26+7.6%	$3.8Bvs $3.8B-1.5%
Q3 2025	Aug 7, 2025	$0.29vs $0.28+2.9%	$3.8Bvs $3.9B-0.4%
Q2 2025	May 8, 2025	$0.24vs $0.23+5.5%	$3.7Bvs $3.7B+1.7%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
PGThe Procter & Gamble CompanyDirect Competitor	345.67B	147.93	22.72	0.29%	14.66%	23.78%	0.68
CLColgate-Palmolive CompanyDirect Competitor	70.73B	88.16	33.52	1.4%	10.46%	251.59%	21.88
CHDChurch & Dwight Co., Inc.Direct Competitor	22.49B	94.96	31.44	1.57%	11.81%	17.45%	0.55
ELThe Estée Lauder Companies Inc.Direct Competitor	31.29B	86.67	-27.51	-8.46%	-1.67%	-6.29%	2.44
PRGOPerrigo Company plcProduct Competitor	1.69B	12.26	-1.19	-2.75%	-43.5%	-50.65%	1.35
HLNHaleon plcProduct Competitor	41.1B	9.23	18.87	-3.96%	14.46%	19.9%	0.52
COTYCoty Inc.Product Competitor	2.33B	2.65	-6.02	-3.68%	-9.26%	-14.21%	1.07
JNJJohnson & JohnsonSupply Chain	541.31B	224.62	38.79	4.3%	27.26%	31.69%	0.51

Compare KVUE vs Peers

Kenvue Inc. (KVUE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PG

Most directly comparable listed peer for KVUE.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare KVUE against a more recognizable public peer.

Peer Set

Compare Top 5

vs PG, CL, CHD, EL

KVUE Income Statement

Kenvue Inc. (KVUE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Sales/Revenue	14.47B	15.05B	14.95B	15.44B	15.46B	15.01B
Revenue Growth %	-	4.06%	-0.69%	3.3%	0.07%	-2.93%
Cost of Goods Sold	6.62B	6.63B	6.67B	6.8B	6.5B	6.28B
COGS % of Revenue	45.75%	44.07%	44.58%	44.04%	42.03%	-
Gross Profit	7.85B▲ 0%	8.42B▲ 7.3%	8.29B▼ 1.6%	8.64B▲ 4.3%	8.96B▲ 3.7%	8.72B▲ 0%
Gross Margin %	54.25%	55.93%	55.42%	55.96%	57.97%	58.14%
Gross Profit Growth %	-	7.28%	-1.59%	4.32%	3.66%	-
Operating Expenses	8.83B	5.5B	5.61B	6.13B	7.12B	6.36B
OpEx % of Revenue	61.01%	36.53%	37.53%	39.7%	46.06%	-
Selling, General & Admin	4.96B	5.48B	5.63B	6.14B	6.03B	6.08B
SG&A % of Revenue	34.26%	36.43%	37.68%	39.76%	39%	-
Research & Development	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-
Other Operating Expenses	3.87B	15M	-23M	-10M	1.09B	4M
Operating Income	-979M▲ 0%	2.92B▲ 398.3%	2.67B▼ 8.4%	2.51B▼ 6.1%	1.84B▼ 26.7%	2.36B▲ 0%
Operating Margin %	-6.77%	19.4%	17.89%	16.27%	11.91%	15.74%
Operating Income Growth %	-	398.26%	-8.39%	-6.09%	-26.71%	-
EBITDA	-233M	3.65B	3.32B	3.14B	2.46B	2.93B
EBITDA Margin %	-1.61%	24.25%	22.2%	20.32%	15.94%	19.53%
EBITDA Growth %	-	1666.95%	-9.09%	-5.42%	-21.54%	18.95%
D&A (Non-Cash Add-back)	746M	731M	644M	627M	622M	569M
EBIT	2.99B	2.92B	2.64B	2.55B	1.85B	2.37B
Net Interest Income	0	0	0	-250M	-378M	-429M
Interest Income	0	0	0	108M	53M	26M
Interest Expense	0	0	0	358M	431M	455M
Other Income/Expense	-37M	5M	-38M	-322M	-426M	-444M
Pretax Income	-1.02B▲ 0%	2.92B▲ 387.9%	2.64B▼ 9.8%	2.19B▼ 17.0%	1.42B▼ 35.4%	1.92B▲ 0%
Pretax Margin %	-7.02%	19.43%	17.64%	14.18%	9.16%	12.78%
Income Tax	-137M	847M	573M	526M	385M	485M
Effective Tax Rate %	13.48%	28.96%	21.73%	24.02%	27.21%	25.29%
Net Income	-879M▲ 0%	2.08B▲ 336.4%	2.06B▼ 0.7%	1.66B▼ 19.4%	1.03B▼ 38.1%	1.43B▲ 0%
Net Margin %	-6.08%	13.8%	13.81%	10.77%	6.66%	9.55%
Net Income Growth %	-	336.41%	-0.67%	-19.38%	-38.1%	34.68%
Net Income (Continuing)	-879M	2.08B	2.06B	1.66B	1.03B	1.43B
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)	-0.47▲ 0%	1.10▲ 334.0%	1.08▼ 1.8%	0.87▼ 19.4%	0.54▼ 37.9%	0.75▲ 0%
EPS Growth %	-	334.04%	-1.82%	-19.44%	-37.93%	36.31%
EPS (Basic)	-0.47	1.10	1.08	0.90	0.54	-
Diluted Shares Outstanding	1.89B	1.89B	1.91B	1.92B	1.92B	1.92B
Basic Shares Outstanding	1.89B	1.89B	1.91B	1.85B	1.92B	1.92B
Dividend Payout Ratio	-	-	-	874.64%	150.68%	-

KVUE Balance Sheet

Kenvue Inc. (KVUE) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Current Assets	4.59B	4.93B	5.88B	6.14B	5.53B	6.03B
Cash & Short-Term Investments	618M	740M	1.23B	1.38B	1.07B	1.14B
Cash Only	618M	740M	1.23B	1.38B	1.07B	1.14B
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	2.13B	2.33B	2.3B	2.64B	2.66B	2.42B
Days Sales Outstanding	53.74	56.52	56.08	62.39	62.8	65.36
Inventory	1.69B	1.7B	2.23B	1.85B	1.59B	1.79B
Days Inventory Outstanding	92.92	93.63	121.9	99.34	89.4	99.39
Other Current Assets	162M	154M	123M	265M	205M	683M
Total Non-Current Assets	24.58B	23B	21.44B	21.71B	20.08B	21.22B
Property, Plant & Equipment	1.96B	1.83B	1.82B	2.04B	1.85B	2.09B
Fixed Asset Turnover	7.39x	8.24x	8.21x	7.56x	8.36x	7.59x
Goodwill	10.33B	9.81B	9.19B	9.27B	8.84B	9.44B
Intangible Assets	11.61B	10.7B	9.85B	9.62B	8.47B	8.72B
Long-Term Investments	0	0	0	0	0	1M
Other Non-Current Assets	496M	475M	434M	623M	726M	2.88B
Total Assets	29.18B▲ 0%	27.93B▼ 4.3%	27.32B▼ 2.2%	27.85B▲ 2.0%	25.6B▼ 8.1%	27.25B▲ 0%
Asset Turnover	0.50x	0.54x	0.55x	0.55x	0.60x	0.56x
Asset Growth %	-	-4.28%	-2.19%	1.96%	-8.08%	-8.03%
Total Current Liabilities	7.49B	4.04B	3.93B	5.48B	5.74B	6.16B
Accounts Payable	1.58B	1.83B	1.83B	2.49B	2.25B	2.4B
Days Payables Outstanding	87.07	100.51	100.16	133.58	126.65	138.84
Short-Term Debt	0	0	0	599M	1.55B	1.95B
Deferred Revenue (Current)	0	0	0	0	0	0
Other Current Liabilities	252M	266M	272M	406M	325M	1.42B
Current Ratio	0.61x	1.22x	1.50x	1.12x	0.96x	0.96x
Quick Ratio	0.39x	0.80x	0.93x	0.78x	0.69x	0.69x
Cash Conversion Cycle	59.58	49.64	77.82	28.15	25.54	25.9
Total Non-Current Liabilities	3.33B	3.49B	3.42B	11.16B	10.19B	10.46B
Long-Term Debt	0	0	8.93B	7.69B	6.94B	7.06B
Capital Lease Obligations	0	82M	81M	97M	189M	571.25M
Deferred Tax Liabilities	1.76B	2.43B	2.48B	2.62B	2.26B	9.39B
Other Non-Current Liabilities	1.57B	976M	-8.07B	754M	802M	3.39B
Total Liabilities	10.82B	7.53B	7.35B	16.64B	15.93B	16.61B
Total Debt	0	129M	9.05B	8.43B	8.72B	9.11B
Net Debt	-618M	-611M	7.82B	7.04B	7.65B	7.97B
Debt / Equity	-	0.01x	0.45x	0.75x	0.90x	0.90x
Debt / EBITDA	-	0.04x	2.73x	2.68x	3.54x	3.11x
Net Debt / EBITDA	-	-0.17x	2.35x	2.24x	3.11x	3.11x
Interest Coverage	-	-	-	7.02x	4.27x	5.22x
Total Equity	18.36B▲ 0%	20.4B▲ 11.1%	19.97B▼ 2.1%	11.21B▼ 43.9%	9.67B▼ 13.8%	10.63B▲ 0%
Equity Growth %	-	11.13%	-2.1%	-43.86%	-13.76%	-13.78%
Book Value per Share	9.72	10.80	10.43	5.85	5.03	5.53
Total Shareholders' Equity	18.36B	20.4B	19.97B	11.21B	9.67B	10.63B
Common Stock	0	0	0	19M	19M	19M
Retained Earnings	0	0	0	429M	-93M	-136M
Treasury Stock	0	0	0	-7M	-242M	-439M
Accumulated OCI	-3.57B	-4.47B	-5.46B	-5.38B	-6.15B	-5.13B
Minority Interest	0	0	0	0	0	0

KVUE Cash Flow Statement

Kenvue Inc. (KVUE) cash flow — operating, investing & free cash flow history

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	3.4B	334M	2.52B	3.17B	1.77B	1.77B
Operating CF Margin %	23.48%	2.22%	16.89%	20.51%	11.45%	-
Operating CF Growth %	-	-90.17%	655.99%	25.47%	-44.16%	91.81%
Net Income	-879M	2.03B	2.09B	1.66B	1.03B	1.43B
Depreciation & Amortization	746M	731M	644M	627M	622M	567M
Stock-Based Compensation	115M	141M	137M	188M	254M	160M
Deferred Taxes	-801M	568M	157M	-114M	-285M	-51M
Other Non-Cash Items	-26M	-5M	13M	6M	719M	-235M
Working Capital Changes	4.24B	-3.13B	-513M	797M	-571M	262M
Change in Receivables	265M	-303M	-142M	44M	-218M	-22M
Change in Inventory	109M	-77M	-582M	349M	182M	25M
Change in Payables	154M	330M	52M	390M	-536M	-52M
Cash from Investing	-83M	-171M	-390M	-488M	-425M	-493M
Capital Expenditures	-229M	-295M	-375M	-469M	-434M	-503M
CapEx % of Revenue	1.58%	1.96%	2.51%	3.04%	2.81%	-
Acquisitions	176M	136M	-10M	21M	0	0
Investments	-	-	-	-	-	-
Other Investing	146M	-77M	-8M	-40M	9M	10M
Cash from Financing	-3.46B	0	-1.58B	-2.53B	-1.56B	-1.55B
Debt Issued (Net)	-11M	-7M	14M	8.25B	159M	-137M
Equity Issued (Net)	0	0	0	1000K	-1000K	-2M
Dividends Paid	0	0	0	-14.55B	-1.55B	-1.58B
Share Repurchases	0	0	0	0	-235M	-121M
Other Financing	-3.45B	7M	-1.6B	-460M	63M	279M
Net Change in Cash	-134M▲ 0%	122M▲ 191.0%	491M▲ 302.5%	151M▼ 69.2%	-312M▼ 306.6%	82M▲ 0%
Free Cash Flow	3.17B▲ 0%	39M▼ 98.8%	2.15B▲ 5412.8%	2.7B▲ 25.5%	1.33B▼ 50.5%	1.64B▲ 0%
FCF Margin %	21.9%	0.26%	14.38%	17.48%	8.64%	10.92%
FCF Growth %	-	-98.77%	5412.82%	25.53%	-50.54%	16.99%
FCF per Share	1.68	0.02	1.12	1.41	0.69	0.69
FCF Conversion (FCF/Net Income)	-3.86x	0.16x	1.22x	1.90x	1.72x	1.14x
Interest Paid	0	0	0	224M	439M	0
Taxes Paid	448M	363M	316M	699M	810M	0

KVUE Key Ratios

Kenvue Inc. (KVUE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2021	2022	2023	2024	TTM
Return on Equity (ROE)	10.72%	10.23%	10.67%	9.87%	13.48%
Return on Invested Capital (ROIC)	11.67%	8.43%	8.18%	7.76%	7.76%
Gross Margin	55.93%	55.42%	55.96%	57.97%	58.14%
Net Margin	13.8%	13.81%	10.77%	6.66%	9.55%
Debt / Equity	0.01x	0.45x	0.75x	0.90x	0.90x
Interest Coverage	-	-	7.02x	4.27x	5.22x
FCF Conversion	0.16x	1.22x	1.90x	1.72x	1.14x
Revenue Growth	4.06%	-0.69%	3.3%	0.07%	-2.93%

KVUE SEC Filings & Documents

Kenvue Inc. (KVUE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 15, 2026·SEC

Material company update

Feb 17, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

FY 2026

Feb 20, 2026·SEC

10-Q Quarterly Reports

FY 2025

Nov 3, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

KVUE Frequently Asked Questions

Kenvue Inc. (KVUE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Kenvue Inc. (KVUE) reported $15.01B in revenue for fiscal year 2024. This represents a 4% increase from $14.47B in 2020.

Kenvue Inc. (KVUE) grew revenue by 0.1% over the past year. Growth has been modest.

Yes, Kenvue Inc. (KVUE) is profitable, generating $1.43B in net income for fiscal year 2024 (6.7% net margin).

Dividend & Returns

Yes, Kenvue Inc. (KVUE) pays a dividend with a yield of 4.56%. This makes it attractive for income-focused investors.

Kenvue Inc. (KVUE) has a return on equity (ROE) of 9.9%. This is below average, suggesting room for improvement.

Kenvue Inc. (KVUE) generated $1.64B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More KVUE

Kenvue Inc. (KVUE) financial analysis — history, returns, DCA and operating performance tools

Full KVUE Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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Kenvue Inc.(KVUE)Earnings, Financials & Key Ratios

KVUE Key Insights

✓Strengths

✗Weaknesses

KVUE Price & Volume

KVUE Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

KVUE Recent Earnings

KVUE Peer Comparison

Compare KVUE vs Peers

vs PG

vs AMZN

Compare Top 5

KVUE Income Statement

KVUE Balance Sheet

KVUE Cash Flow Statement

KVUE Key Ratios

KVUE SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

KVUE Frequently Asked Questions

Explore More KVUE

Full KVUE Stock Analysis

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Dividend History

Earnings History

Price History

Revenue History

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