Church & Dwight Co., Inc. (CHD) 10-Year Financial Performance & Capital Metrics

CHD • • Industrial / General

Consumer DefensiveHousehold ProductsHousehold Cleaning & MaintenanceHousehold Cleaning Brands

AboutChurch & Dwight Co., Inc. develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand. Its specialty products include animal productivity products, such as MEGALAC rumen bypass fat, a supplement that enables cows to maintain energy levels during the period of high milk production; BIO-CHLOR and FERMENTEN, which are used to reduce health issues associated with calving, as well as provides needed protein; and CELMANAX refined functional carbohydrate, a yeast-based prebiotic. The company offers sodium bicarbonate; and cleaning and deodorizing products. It sells its consumer products through supermarkets, mass merchandisers, wholesale clubs, drugstores, convenience stores, home stores, dollar and other discount stores, pet and other specialty stores, and websites and other e-commerce channels; and specialty products to industrial customers and livestock producers through distributors. The company was founded in 1846 and is headquartered in Ewing, New Jersey.Show more

Revenue $6.11B +4.1%
EBITDA $1.05B -18.4%
Net Income $585M -22.5%
EPS (Diluted) 2.37 -22.3%
Gross Margin 45.69% +3.6%
EBITDA Margin 17.13% -21.6%
Operating Margin 13.22% -26.7%
Net Margin 9.58% -25.6%
ROE 14.25% -30.7%
ROIC 10.16% -22.0%
Debt/Equity 0.55 -18.4%
Interest Coverage 8.50 -10.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓FCF machine: 16.0% free cash flow margin
✓22 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 15.7%
✓Healthy 5Y average net margin of 12.4%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.36%

5Y6.98%

3Y5.57%

TTM1.45%

Profit (Net Income) CAGR

10Y3.53%

5Y-1.01%

3Y-10.9%

TTM42.32%

EPS CAGR

10Y4.61%

5Y-0.58%

3Y-10.63%

TTM42.15%

ROCE

10Y Avg16.17%

5Y Avg14.14%

3Y Avg11.63%

Latest10.97%

Peer Comparison

Household Cleaning Brands

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CHDChurch & Dwight Co., Inc.	21.71B	90.43	38.16	4.08%	12.74%	18.53%	4.5%	0.55
CLXThe Clorox Company	13.57B	111.23	17.06	0.16%	11.68%	5.73%	5.61%	5.98

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.39B	3.49B	3.78B	4.15B	4.36B	4.9B	5.19B	5.38B	5.87B	6.11B
Revenue Growth %	0.03%	0.03%	0.08%	0.1%	0.05%	0.12%	0.06%	0.04%	0.09%	0.04%
Cost of Goods Sold+	1.88B	1.9B	2.05B	2.31B	2.37B	2.68B	2.93B	3.13B	3.28B	3.32B
COGS % of Revenue	0.55%	0.54%	0.54%	0.56%	0.54%	0.55%	0.56%	0.58%	0.56%	0.54%
Gross Profit+	1.51B	1.59B	1.73B	1.84B	1.98B	2.21B	2.26B	2.25B	2.59B	2.79B
Gross Margin %	0.45%	0.46%	0.46%	0.44%	0.46%	0.45%	0.44%	0.42%	0.44%	0.46%
Gross Profit Growth %	0.04%	0.05%	0.09%	0.06%	0.08%	0.12%	0.02%	-0.01%	0.15%	0.08%
Operating Expenses+	837.6M	866.4M	996.9M	1.05B	1.14B	1.18B	1.18B	1.65B	1.53B	1.98B
OpEx % of Revenue	0.25%	0.25%	0.26%	0.25%	0.26%	0.24%	0.23%	0.31%	0.26%	0.32%
Selling, General & Admin	837.6M	866.4M	996.9M	1.05B	1.14B	1.18B	1.18B	1.24B	1.53B	1.63B
SG&A % of Revenue	0.25%	0.25%	0.26%	0.25%	0.26%	0.24%	0.23%	0.23%	0.26%	0.27%
Research & Development	0	0	0	0	0	0	0	0	0	139.7M
R&D % of Revenue	-	-	-	-	-	-	-	-	-	0.02%
Other Operating Expenses	0	0	0	0	0	0	0	411M	0	217.4M
Operating Income+	674.2M	724.2M	732.7M	791.7M	840.2M	1.03B	1.08B	597.8M	1.06B	807.1M
Operating Margin %	0.2%	0.21%	0.19%	0.19%	0.19%	0.21%	0.21%	0.11%	0.18%	0.13%
Operating Income Growth %	0.05%	0.07%	0.01%	0.08%	0.06%	0.23%	0.05%	-0.45%	0.77%	-0.24%
EBITDA+	775.2M	831.8M	858.1M	932.8M	1.02B	1.22B	1.3B	816.8M	1.28B	1.05B
EBITDA Margin %	0.23%	0.24%	0.23%	0.22%	0.23%	0.25%	0.25%	0.15%	0.22%	0.17%
EBITDA Growth %	0.06%	0.07%	0.03%	0.09%	0.09%	0.2%	0.06%	-0.37%	0.57%	-0.18%
D&A (Non-Cash Add-back)	101M	107.6M	125.4M	141.1M	176.4M	189.7M	219.1M	219M	225.2M	239.1M
EBIT	665.9M	733.6M	745.3M	798.9M	847.3M	1.03B	1.09B	612.9M	1.08B	851.3M
Net Interest Income+	-30.5M	-27.7M	-52.6M	-79.4M	-73.6M	-61M	-54.5M	-85.8M	-97.9M	-68.7M
Interest Income	0	0	0	0	0	0	0	3.8M	13M	26.3M
Interest Expense	30.5M	27.7M	52.6M	79.4M	73.6M	61M	54.5M	89.6M	110.9M	95M
Other Income/Expense	-38.8M	-18.3M	-40M	-72.2M	-66.5M	-55.9M	-47.4M	-74.5M	-90M	-50.8M
Pretax Income+	635.4M	705.9M	692.7M	719.5M	773.7M	973.8M	1.03B	523.3M	967.4M	756.3M
Pretax Margin %	0.19%	0.2%	0.18%	0.17%	0.18%	0.2%	0.2%	0.1%	0.16%	0.12%
Income Tax+	225M	246.9M	-50.7M	150.9M	157.8M	187.9M	204.2M	109.4M	211.8M	171M
Effective Tax Rate %	0.65%	0.65%	1.07%	0.79%	0.8%	0.81%	0.8%	0.79%	0.78%	0.77%
Net Income+	410.4M	459M	743.4M	568.6M	615.9M	785.9M	827.5M	413.9M	755.6M	585.3M
Net Margin %	0.12%	0.13%	0.2%	0.14%	0.14%	0.16%	0.16%	0.08%	0.13%	0.1%
Net Income Growth %	-0.01%	0.12%	0.62%	-0.24%	0.08%	0.28%	0.05%	-0.5%	0.83%	-0.23%
Net Income (Continuing)	410.4M	459M	743.4M	568.6M	615.9M	785.9M	827.5M	413.9M	755.6M	585.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.54	1.75	2.90	2.27	2.44	3.12	3.32	1.68	3.05	2.37
EPS Growth %	0.02%	0.14%	0.66%	-0.22%	0.07%	0.28%	0.06%	-0.49%	0.82%	-0.22%
EPS (Basic)	1.57	1.78	2.97	2.32	2.50	3.18	3.38	1.70	3.09	2.39
Diluted Shares Outstanding	267.2M	262.1M	256.1M	250.7M	252.1M	252.2M	249.6M	246.3M	247.6M	246.9M
Basic Shares Outstanding	262.2M	257.6M	250.6M	245.5M	246.2M	246.8M	244.9M	242.9M	244.9M	246.9M
Dividend Payout Ratio	0.43%	0.4%	0.26%	0.38%	0.36%	0.3%	0.3%	0.62%	0.35%	0.47%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	906M	756.8M	1B	1.08B	956.4M	1.11B	1.23B	1.4B	1.53B	2.24B
Cash & Short-Term Investments	330M	187.8M	278.9M	316.7M	155.7M	183.1M	240.6M	270.3M	344.5M	964.1M
Cash Only	330M	187.8M	278.9M	316.7M	155.7M	183.1M	240.6M	270.3M	344.5M	964.1M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	276.2M	287M	345.9M	345.3M	356.4M	398.8M	405.5M	422M	526.9M	600.8M
Days Sales Outstanding	29.7	29.99	33.43	30.4	29.85	29.73	28.52	28.65	32.77	35.91
Inventory	274M	258.2M	330.7M	382.8M	417.4M	495.4M	535.4M	646.6M	613.3M	613.3M
Days Inventory Outstanding	53.11	49.54	58.98	60.61	64.18	67.43	66.77	75.51	68.26	67.49
Other Current Assets	25.8M	23.8M	44.7M	33.4M	26.9M	35.1M	51.9M	57M	45M	62.4M
Total Non-Current Assets+	3.35B	3.6B	5.01B	4.99B	5.7B	6.3B	6.76B	6.95B	7.04B	6.64B
Property, Plant & Equipment	609.6M	588.6M	607.7M	598.2M	573M	612.8M	652.7M	761.1M	927.7M	931.7M
Fixed Asset Turnover	5.57x	5.93x	6.21x	6.93x	7.61x	7.99x	7.95x	7.06x	6.33x	6.55x
Goodwill	1.35B	1.44B	1.96B	1.99B	2.08B	2.23B	2.27B	2.43B	2.43B	2.43B
Intangible Assets	1.27B	1.43B	2.32B	2.27B	2.75B	3.11B	3.49B	3.43B	3.3B	2.89B
Long-Term Investments	8.4M	8.5M	9.3M	8.5M	9.7M	9.1M	9.1M	12.7M	12M	11.1M
Other Non-Current Assets	108.5M	124.3M	118.2M	117.4M	288.8M	340.4M	332.5M	317.5M	366M	378M
Total Assets+	4.26B	4.35B	6.01B	6.07B	6.66B	7.41B	8B	8.35B	8.57B	8.88B
Asset Turnover	0.80x	0.80x	0.63x	0.68x	0.65x	0.66x	0.65x	0.64x	0.68x	0.69x
Asset Growth %	-0.03%	0.02%	0.38%	0.01%	0.1%	0.11%	0.08%	0.04%	0.03%	0.04%
Total Current Liabilities+	872.7M	1B	935M	1.33B	1.09B	1.39B	2.08B	1.18B	1.42B	1.32B
Accounts Payable	293.9M	331.6M	398.9M	430.2M	473.3M	588.1M	663.8M	666.7M	630.6M	705.1M
Days Payables Outstanding	56.97	63.62	71.14	68.12	72.78	80.05	82.79	77.86	70.19	77.59
Short-Term Debt	357.2M	426.8M	270.9M	598.3M	269.3M	376.4M	976.6M	95.9M	228.5M	32.4M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	155M	164.1M	198.4M	210.7M	245.7M	287.2M	343.8M	347.4M	403.4M	421.7M
Current Ratio	1.04x	0.76x	1.07x	0.81x	0.88x	0.80x	0.59x	1.18x	1.08x	1.70x
Quick Ratio	0.72x	0.50x	0.72x	0.52x	0.49x	0.44x	0.34x	0.63x	0.64x	1.24x
Cash Conversion Cycle	25.84	15.91	21.27	22.89	21.26	17.11	12.5	26.31	30.85	25.81
Total Non-Current Liabilities+	1.36B	1.37B	2.86B	2.29B	2.9B	3.01B	2.69B	3.67B	3.29B	3.21B
Long-Term Debt	692.8M	693.4M	2.1B	1.51B	1.81B	1.81B	1.61B	2.6B	2.2B	2.2B
Capital Lease Obligations	0	0	0	0	144M	168.3M	146.6M	151.9M	174.9M	168.5M
Deferred Tax Liabilities	484.8M	512.2M	561.2M	576.4M	579.6M	707.3M	745.1M	757M	743.1M	669.2M
Other Non-Current Liabilities	183.4M	168.7M	197.2M	203.9M	363.5M	317.4M	185.7M	163.5M	171.6M	164.1M
Total Liabilities	2.23B	2.38B	3.8B	3.62B	3.99B	4.39B	4.76B	4.86B	4.71B	4.52B
Total Debt+	1.05B	1.12B	2.37B	2.11B	2.22B	2.36B	2.73B	2.85B	2.61B	2.41B
Net Debt	720M	932.4M	2.1B	1.79B	2.07B	2.17B	2.49B	2.58B	2.26B	1.44B
Debt / Equity	0.52x	0.57x	1.07x	0.86x	0.83x	0.78x	0.85x	0.82x	0.68x	0.55x
Debt / EBITDA	1.35x	1.35x	2.77x	2.26x	2.19x	1.93x	2.11x	3.49x	2.03x	2.30x
Net Debt / EBITDA	0.93x	1.12x	2.44x	1.92x	2.03x	1.78x	1.92x	3.15x	1.76x	1.38x
Interest Coverage	22.10x	26.14x	13.93x	9.97x	11.42x	16.88x	19.80x	6.67x	9.53x	8.50x
Total Equity+	2.02B	1.98B	2.22B	2.45B	2.67B	3.02B	3.23B	3.49B	3.86B	4.36B
Equity Growth %	-0.04%	-0.02%	0.12%	0.11%	0.09%	0.13%	0.07%	0.08%	0.1%	0.13%
Book Value per Share	7.57	7.55	8.66	9.79	10.58	11.98	12.95	14.17	15.57	17.66
Total Shareholders' Equity	2.02B	1.98B	2.22B	2.45B	2.67B	3.02B	3.23B	3.49B	3.86B	4.36B
Common Stock	146.4M	292.8M	292.8M	292.8M	292.8M	292.8M	292.8M	293.7M	293.7M	293.7M
Retained Earnings	2.65B	2.93B	3.48B	3.83B	4.24B	4.79B	5.37B	5.52B	6.01B	6.32B
Treasury Stock	-1.1B	-1.43B	-1.78B	-1.9B	-2.09B	-2.26B	-2.67B	-2.67B	-2.88B	-2.78B
Accumulated OCI	-45.9M	-63.8M	-36.4M	-53.6M	-66.7M	-77.6M	-68.2M	-29.3M	-27.2M	-30.9M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	606.1M	655.3M	681.5M	763.6M	864.5M	990.3M	993.8M	885.2M	1.03B	1.16B
Operating CF Margin %	0.18%	0.19%	0.18%	0.18%	0.2%	0.2%	0.19%	0.16%	0.18%	0.19%
Operating CF Growth %	0.12%	0.08%	0.04%	0.12%	0.13%	0.15%	0%	-0.11%	0.16%	0.12%
Net Income	410.4M	459M	743.4M	568.6M	615.9M	785.9M	827.5M	413.9M	755.6M	585.3M
Depreciation & Amortization	101M	107.6M	125.4M	141.1M	176.4M	189.7M	219.1M	219M	197.1M	239.1M
Stock-Based Compensation	16.1M	16M	18.1M	23.3M	20.8M	21.5M	23.7M	32.3M	63.6M	59.2M
Deferred Taxes	24M	24.9M	-237.6M	11.1M	5.6M	25.7M	20.3M	-117.7M	-13.8M	-82M
Other Non-Cash Items	17.9M	-26.4M	31.4M	5.5M	12.6M	-91.8M	-79.5M	406.6M	37.4M	362.8M
Working Capital Changes	36.7M	74.2M	800K	14M	33.2M	59.3M	-17.3M	-68.9M	-9.3M	-8.2M
Change in Receivables	33.5M	-12.7M	-9.7M	-3.4M	-9.2M	-13.4M	2.4M	-5.3M	1.6M	-81.5M
Change in Inventory	-38.5M	19.2M	-25.2M	-55.1M	-33.8M	-61.9M	-29.1M	-92.8M	38.5M	2M
Change in Payables	21.8M	50.5M	30.3M	54.9M	72.8M	168M	47.5M	39.9M	55.2M	98.6M
Cash from Investing+	-141.2M	-354.6M	-1.3B	-112.1M	-553.5M	-608.1M	-682M	-728.6M	-234.3M	-183.3M
Capital Expenditures	-61.8M	-49.8M	-45M	-60.4M	-73.7M	-98.9M	-118.8M	-178.8M	-223.5M	-179.8M
CapEx % of Revenue	0.02%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.03%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-4.5M	500K	1.6M	-1.9M	-4.8M	3.5M	-7.2M	-3M	-10.8M	9.8M
Cash from Financing+	-535M	-439.6M	698.9M	-609M	-472.9M	-360.1M	-252.1M	-120.9M	-725.6M	-343.4M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-175.3M	-183M	-190.4M	-213.3M	-224.1M	-237.3M	-247.5M	-255M	-266.5M	-277M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	41.7M	74.5M	23.8M	-195.7M	50.2M	78.2M	94.7M	-12M	111.6M	-1.1M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	544.3M	605.5M	636.5M	703.2M	790.8M	891.4M	875M	706.4M	807.1M	976.4M
FCF Margin %	0.16%	0.17%	0.17%	0.17%	0.18%	0.18%	0.17%	0.13%	0.14%	0.16%
FCF Growth %	0.16%	0.11%	0.05%	0.1%	0.12%	0.13%	-0.02%	-0.19%	0.14%	0.21%
FCF per Share	2.04	2.31	2.49	2.80	3.14	3.53	3.51	2.87	3.26	3.95
FCF Conversion (FCF/Net Income)	1.48x	1.43x	0.92x	1.34x	1.40x	1.26x	1.20x	2.14x	1.36x	1.98x
Interest Paid	29M	25.6M	33.3M	74.9M	70.6M	58.8M	51.8M	86M	111.9M	94.4M
Taxes Paid	174.8M	188.4M	198.1M	116.8M	134.8M	162.1M	202.8M	213.1M	228.2M	259.6M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	19.9%	22.94%	35.43%	24.34%	24.05%	27.63%	26.46%	12.31%	20.57%	14.25%
Return on Invested Capital (ROIC)	18.33%	19.21%	15.21%	13.88%	14.03%	15.55%	14.82%	7.6%	13.02%	10.16%
Gross Margin	44.53%	45.54%	45.8%	44.4%	45.53%	45.23%	43.61%	41.86%	44.11%	45.69%
Net Margin	12.09%	13.14%	19.69%	13.71%	14.13%	16.05%	15.94%	7.7%	12.88%	9.58%
Debt / Equity	0.52x	0.57x	1.07x	0.86x	0.83x	0.78x	0.85x	0.82x	0.68x	0.55x
Interest Coverage	22.10x	26.14x	13.93x	9.97x	11.42x	16.88x	19.80x	6.67x	9.53x	8.50x
FCF Conversion	1.48x	1.43x	0.92x	1.34x	1.40x	1.26x	1.20x	2.14x	1.36x	1.98x
Revenue Growth	2.95%	2.9%	8.1%	9.79%	5.11%	12.35%	6.01%	3.57%	9.16%	4.08%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Specialty Products Division	312.2M	290.1M	300.2M	306.5M	298.8M	300M	336M	348.5M	321M	303.3M
Specialty Products Division Growth	-	-7.08%	3.48%	2.10%	-2.51%	0.40%	12.00%	3.72%	-7.89%	-5.51%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Consumer Domestic	2.58B	2.68B	2.85B	3.13B	3.3B	3.77B	3.94B	4.13B	4.57B	4.73B
Consumer Domestic Growth	-	3.73%	6.61%	9.63%	5.52%	14.08%	4.63%	4.80%	10.66%	3.52%
Consumer International	501M	525.2M	621.1M	709.5M	756.3M	828.2M	912.2M	896.1M	975.7M	1.07B
Consumer International Growth	-	4.83%	18.26%	14.23%	6.60%	9.51%	10.14%	-1.76%	8.88%	9.82%

Frequently Asked Questions

Valuation & Price

Church & Dwight Co., Inc. (CHD) has a price-to-earnings (P/E) ratio of 38.2x. This suggests investors expect higher future growth.

Growth & Financials

Church & Dwight Co., Inc. (CHD) reported $6.14B in revenue for fiscal year 2024. This represents a 123% increase from $2.75B in 2011.

Church & Dwight Co., Inc. (CHD) grew revenue by 4.1% over the past year. Growth has been modest.

Yes, Church & Dwight Co., Inc. (CHD) is profitable, generating $782.5M in net income for fiscal year 2024 (9.6% net margin).

Dividend & Returns

Yes, Church & Dwight Co., Inc. (CHD) pays a dividend with a yield of 1.24%. This makes it attractive for income-focused investors.

Church & Dwight Co., Inc. (CHD) has a return on equity (ROE) of 14.2%. This is reasonable for most industries.

Church & Dwight Co., Inc. (CHD) generated $1.02B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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