Revenue growth has stalled at 0.1% year-over-year as of 2026Q1, while operating margins have compressed to 19.8% from a 2024Q2 peak of 22.3%.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 6.21B | 6.2B | 6.11B | 5.87B | 5.38B | 5.19B | 4.9B | 4.36B | 4.15B | 3.78B | 3.49B | 3.39B | 3.3B | 3.19B | 2.92B | 2.75B | 2.59B | 2.52B | 2.42B | 2.22B | 1.95B | 1.74B | 1.46B | 1.06B | 1.05B | 1.08B | 795.73M | 730M | 684.4M | 574.9M | 527.8M |
| Revenue Growth % | 2.22% | 1.57% | 4.08% | 9.16% | 3.57% | 6.01% | 12.35% | 5.11% | 9.79% | 8.1% | 2.9% | 2.95% | 3.23% | 9.32% | 6.28% | 6.18% | 2.71% | 4.07% | 9.07% | 14.15% | 12.04% | 18.77% | 38.34% | 0.93% | -3.12% | 35.83% | 9% | 6.66% | 19.05% | 8.92% | 8.65% |
| Cost of Goods Sold | 3.41B | 3.43B | 3.32B | 3.28B | 3.13B | 2.93B | 2.68B | 2.37B | 2.31B | 2.05B | 1.9B | 1.88B | 1.84B | 1.76B | 1.63B | 1.53B | 1.43B | 1.42B | 1.45B | 1.35B | 1.18B | 1.1B | 928.67M | 738.88M | 735.93M | 680.21M | 450.32M | 395M | 370.4M | 316.5M | 292.4M |
| COGS % of Revenue | - | 55.27% | 54.31% | 55.89% | 58.14% | 56.39% | 54.77% | 54.47% | 55.6% | 54.2% | 54.46% | 55.47% | 55.94% | 54.98% | 55.8% | 55.83% | 55.28% | 56.33% | 59.89% | 60.92% | 60.88% | 63.32% | 63.52% | 69.91% | 70.28% | 62.93% | 56.59% | 54.11% | 54.12% | 55.05% | 55.4% |
| Gross Profit | 2.8B | 2.77B | 2.79B | 2.59B | 2.25B | 2.26B | 2.21B | 1.98B | 1.84B | 1.73B | 1.59B | 1.51B | 1.45B | 1.44B | 1.29B | 1.21B | 1.16B | 1.1B | 971.72M | 867.9M | 761.14M | 637M | 533.39M | 317.99M | 311.22M | 279.5M | 240.87M | 345.2M | 322.3M | 258.4M | 235.4M |
| Gross Margin % | 45.07% | 44.73% | 45.69% | 44.11% | 41.86% | 43.61% | 45.23% | 45.53% | 44.4% | 45.8% | 45.54% | 44.53% | 44.06% | 45.02% | 44.2% | 44.17% | 44.72% | 43.67% | 40.11% | 39.08% | 39.12% | 36.68% | 36.48% | 30.09% | 29.72% | 25.86% | 30.27% | 47.29% | 47.09% | 44.95% | 44.6% |
| Gross Profit Growth % | - | -0.55% | 7.79% | 15.04% | -0.6% | 2.23% | 11.6% | 7.78% | 6.43% | 8.74% | 5.21% | 4.05% | 1.04% | 11.35% | 6.33% | 4.9% | 5.16% | 13.3% | 11.96% | 14.03% | 19.49% | 19.43% | 67.74% | 2.18% | 11.35% | 16.04% | -30.22% | 7.11% | 24.73% | 9.77% | 12.52% |
| Operating Expenses | 1.58B | 1.7B | 1.98B | 1.53B | 1.65B | 1.18B | 1.18B | 1.14B | 1.05B | 996.9M | 866.4M | 837.6M | 811.7M | 815.8M | 746.3M | 721.9M | 712.81M | 688.1M | 631.39M | 562.86M | 509.04M | 424.22M | 361.63M | 206.14M | 206.71M | 307.13M | 294.79M | 282.5M | 280.5M | 227.9M | 208.1M |
| OpEx % of Revenue | - | 27.36% | 32.47% | 26.09% | 30.74% | 22.82% | 24.19% | 26.25% | 25.3% | 26.4% | 24.8% | 24.67% | 24.61% | 25.54% | 25.54% | 26.26% | 27.53% | 27.3% | 26.06% | 25.34% | 26.16% | 24.43% | 24.73% | 19.5% | 19.74% | 28.42% | 37.05% | 38.7% | 40.98% | 39.64% | 39.43% |
| Selling, General & Admin | 1.58B | 1.7B | 1.63B | 1.53B | 1.24B | 1.18B | 1.18B | 1.14B | 1.05B | 996.9M | 866.4M | 837.6M | 811.7M | 815.8M | 746.3M | 721.9M | 712.8M | 708.1M | 631.39M | 562.86M | 509.04M | 424.22M | 361.63M | 206.14M | 206.71M | 186.63M | 166.8M | 263.2M | 264M | 213.7M | 194.5M |
| SG&A % of Revenue | - | 27.36% | 26.62% | 26.09% | 23.09% | 22.82% | 24.19% | 26.25% | 25.3% | 26.4% | 24.8% | 24.67% | 24.61% | 25.54% | 25.54% | 26.26% | 27.53% | 28.09% | 26.06% | 25.34% | 26.16% | 24.43% | 24.73% | 19.5% | 19.74% | 17.27% | 20.96% | 36.05% | 38.57% | 37.17% | 36.85% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 357.1M | 0 | 411M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -660K | 0 | 19.3M | 16.5M | 14.2M | 13.6M |
| Operating Income | 1.07B | 1.08B | 807.1M | 1.06B | 597.8M | 1.08B | 1.03B | 840.2M | 791.7M | 732.7M | 724.2M | 674.2M | 641.2M | 622.2M | 545.1M | 492.6M | 445M | 412.89M | 340.33M | 305.03M | 252.1M | 212.78M | 171.75M | 111.85M | 104.51M | 93.52M | 74.07M | 62.7M | 41.8M | 30.5M | 27.3M |
| Operating Margin % | 17.3% | 17.37% | 13.22% | 18.02% | 11.12% | 20.79% | 21.03% | 19.28% | 19.1% | 19.4% | 20.73% | 19.86% | 19.44% | 19.48% | 18.66% | 17.92% | 17.19% | 16.38% | 14.05% | 13.73% | 12.96% | 12.25% | 11.75% | 10.58% | 9.98% | 8.65% | 9.31% | 8.59% | 6.11% | 5.31% | 5.17% |
| Operating Income Growth % | - | 33.52% | -23.67% | 76.88% | -44.6% | 4.8% | 22.55% | 6.13% | 8.05% | 1.17% | 7.42% | 5.15% | 3.05% | 14.14% | 10.66% | 10.7% | 7.78% | 21.32% | 11.57% | 21% | 18.48% | 23.88% | 53.56% | 7.02% | 11.75% | 26.26% | 18.14% | 50% | 37.05% | 11.72% | 225% |
| EBITDA | 1.26B | 1.32B | 1.05B | 1.28B | 816.8M | 1.3B | 1.22B | 1.02B | 932.8M | 858.1M | 831.8M | 775.2M | 732.4M | 712.7M | 630.1M | 569.7M | 516.6M | 498.24M | 411.74M | 361.7M | 303.83M | 256.93M | 210.85M | 142.07M | 132.4M | 121.36M | 97.53M | 82M | 58.3M | 44.7M | 40.9M |
| EBITDA Margin % | 20.3% | 21.36% | 17.13% | 21.86% | 15.19% | 25.01% | 24.91% | 23.33% | 22.5% | 22.72% | 23.81% | 22.83% | 22.21% | 22.31% | 21.56% | 20.72% | 19.95% | 19.76% | 17% | 16.29% | 15.62% | 14.8% | 14.42% | 13.44% | 12.64% | 11.23% | 12.26% | 11.23% | 8.52% | 7.78% | 7.75% |
| EBITDA Growth % | 21.16% | 26.65% | -18.43% | 57.03% | -37.08% | 6.46% | 19.95% | 8.98% | 8.71% | 3.16% | 7.3% | 5.84% | 2.76% | 13.11% | 10.6% | 10.28% | 3.68% | 21.01% | 13.83% | 19.05% | 18.25% | 21.86% | 48.4% | 7.3% | 9.1% | 24.44% | 18.93% | 40.65% | 30.43% | 9.29% | 90.23% |
| D&A (Non-Cash Add-back) | 186.5M | 247.4M | 239.1M | 225.2M | 219M | 219.1M | 189.7M | 176.4M | 141.1M | 125.4M | 107.6M | 101M | 91.2M | 90.5M | 85M | 77.1M | 71.6M | 85.35M | 71.4M | 56.67M | 51.73M | 44.16M | 39.09M | 30.22M | 27.89M | 27.84M | 23.45M | 19.3M | 16.5M | 14.2M | 13.6M |
| EBIT | 746.7M | 1.05B | 851.3M | 1.08B | 612.9M | 1.09B | 1.03B | 847.3M | 798.9M | 745.3M | 733.6M | 665.9M | 652.3M | 625.5M | 556.5M | 503.3M | 446.1M | 427.8M | 355.2M | 305.03M | 252.1M | 212.78M | 171.75M | 111.85M | 104.51M | 93.52M | 74.07M | 62.7M | 41.8M | 30.5M | 27.3M |
| Net Interest Income | -57.7M | -71.7M | -68.7M | -97.9M | -85.8M | -54.5M | -61M | -73.6M | -79.4M | -52.6M | -27.7M | -30.5M | -27.4M | -27.7M | -14M | -8.7M | -27.8M | -34.24M | -40.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 16.7M | 23.5M | 26.3M | 13M | 3.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 597K | 1.32M | 6.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 47.9M | 95.2M | 95M | 110.9M | 89.6M | 54.5M | 61M | 73.6M | 79.4M | 52.6M | 27.7M | 30.5M | 27.4M | 27.7M | 14M | 8.7M | 27.78M | 35.57M | 46.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -125.9M | -120.7M | -50.8M | -90M | -74.5M | -47.4M | -55.9M | -66.5M | -72.2M | -40M | -18.3M | -38.8M | -16.3M | -24.4M | -2.6M | 2M | -26.7M | -20.66M | -32.07M | -40.11M | -39M | -37.89M | -44.31M | 5.08M | -3.42M | -19.67M | -22.2M | 9.7M | 4.4M | 8.2M | 5.8M |
| Pretax Income | 947.4M | 956.9M | 756.3M | 967.4M | 523.3M | 1.03B | 973.8M | 773.7M | 719.5M | 692.7M | 705.9M | 635.4M | 624.9M | 597.8M | 542.5M | 494.6M | 418.26M | 392.24M | 308.26M | 264.93M | 213.1M | 174.88M | 127.44M | 116.97M | 101.09M | 73.86M | 51.87M | 72.2M | 46.2M | 38.7M | 33.1M |
| Pretax Margin % | 15.27% | 15.43% | 12.38% | 16.49% | 9.73% | 19.88% | 19.89% | 17.75% | 17.35% | 18.34% | 20.21% | 18.72% | 18.95% | 18.71% | 18.57% | 17.99% | 16.15% | 15.56% | 12.73% | 11.93% | 10.95% | 10.07% | 8.72% | 11.07% | 9.65% | 6.83% | 6.52% | 9.89% | 6.75% | 6.73% | 6.27% |
| Income Tax | 214.4M | 220.1M | 171M | 211.8M | 109.4M | 204.2M | 187.9M | 157.8M | 150.9M | -50.7M | 246.9M | 225M | 211M | 203.4M | 192.7M | 185M | 147.56M | 148.72M | 113.08M | 95.9M | 74.17M | 52.07M | 38.63M | 35.97M | 34.4M | 26.87M | 18.32M | 26.8M | 15.9M | 14.2M | 11.9M |
| Effective Tax Rate % | 22.63% | 23% | 22.61% | 21.89% | 20.91% | 19.79% | 19.3% | 20.4% | 20.97% | -7.32% | 34.98% | 35.41% | 33.77% | 34.02% | 35.52% | 37.4% | 35.28% | 37.91% | 36.68% | 36.2% | 34.81% | 29.77% | 30.31% | 30.76% | 34.03% | 36.38% | 35.31% | 37.12% | 34.42% | 36.69% | 35.95% |
| Net Income | 733M | 736.8M | 585.3M | 755.6M | 413.9M | 827.5M | 785.9M | 615.9M | 568.6M | 743.4M | 459M | 410.4M | 413.9M | 394.4M | 349.8M | 309.6M | 270.72M | 243.53M | 195.17M | 169.03M | 138.93M | 122.91M | 88.81M | 80.96M | 66.69M | 46.98M | 33.56M | 45.4M | 30.3M | 24.5M | 21.2M |
| Net Margin % | 11.81% | 11.88% | 9.58% | 12.88% | 7.7% | 15.94% | 16.05% | 14.13% | 13.71% | 19.69% | 13.14% | 12.09% | 12.55% | 12.35% | 11.97% | 11.26% | 10.46% | 9.66% | 8.06% | 7.61% | 7.14% | 7.08% | 6.07% | 7.66% | 6.37% | 4.35% | 4.22% | 6.22% | 4.43% | 4.26% | 4.02% |
| Net Income Growth % | 26.88% | 25.88% | -22.54% | 82.56% | -49.98% | 5.29% | 27.6% | 8.32% | -23.51% | 61.96% | 11.84% | -0.85% | 4.94% | 12.75% | 12.98% | 14.36% | 11.16% | 24.78% | 15.47% | 21.66% | 13.04% | 38.4% | 9.69% | 21.4% | 41.94% | 40% | -26.08% | 49.84% | 23.67% | 15.57% | 107.84% |
| Net Income (Continuing) | 733M | 736.8M | 585.3M | 755.6M | 413.9M | 827.5M | 785.9M | 615.9M | 568.6M | 743.4M | 459M | 410.4M | 413.9M | 394.4M | 349.8M | 309.6M | 270.7M | 243.52M | 195.18M | 169.03M | 138.93M | 122.91M | 88.81M | 80.96M | 66.69M | 46.98M | 33.56M | 45.4M | 30.3M | 24.5M | 21.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 200K | 200K | 170K | 189K | 192K | 194K | 317K | 258K | 287K | 297K | 214K | 2.13M | 3.46M | 3.4M | 0 | 0 | 0 |
| EPS (Diluted) | 3.08 | 3.02 | 2.37 | 3.05 | 1.68 | 3.32 | 3.12 | 2.44 | 2.27 | 2.90 | 1.75 | 1.54 | 1.51 | 1.40 | 1.23 | 1.06 | 0.94 | 0.85 | 0.70 | 0.62 | 0.52 | 0.46 | 0.34 | 0.32 | 0.27 | 0.19 | 0.14 | 0.19 | 0.13 | 0.10 | 0.09 |
| EPS Growth % | 30.04% | 27.43% | -22.3% | 81.55% | -49.4% | 6.41% | 27.87% | 7.49% | -21.72% | 65.71% | 13.64% | 1.99% | 7.86% | 13.82% | 16.04% | 12.77% | 10.59% | 21.43% | 12.9% | 19.23% | 13.04% | 35.29% | 6.25% | 18.52% | 42.11% | 35.71% | -26.32% | 46.15% | 30% | 10.13% | 109.7% |
| EPS (Basic) | - | 3.04 | 2.39 | 3.09 | 1.70 | 3.38 | 3.18 | 2.50 | 2.32 | 2.97 | 1.78 | 1.57 | 1.53 | 1.43 | 1.25 | 1.08 | 0.96 | 0.87 | 0.72 | 0.64 | 0.54 | 0.48 | 0.36 | 0.34 | 0.28 | 0.20 | 0.15 | 0.20 | 0.13 | 0.11 | 0.09 |
| Diluted Shares Outstanding | 238.1M | 244.3M | 246.9M | 247.6M | 246.3M | 249.6M | 252.2M | 252.1M | 250.7M | 256.1M | 262.1M | 267.2M | 275M | 282.4M | 285.4M | 291.6M | 288.8M | 285.91M | 284.46M | 281.25M | 275.78M | 277.16M | 272.26M | 258.03M | 250.85M | 244.07M | 239.71M | 245.41M | 237.65M | 239.65M | 234.41M |
| Basic Shares Outstanding | 236.5M | 242.7M | 246.9M | 244.9M | 242.9M | 244.9M | 246.8M | 246.2M | 245.5M | 250.6M | 257.6M | 262.2M | 270.2M | 277.2M | 280.2M | 286.4M | 284M | 281.52M | 271.48M | 263.36M | 259.42M | 255.43M | 247.47M | 241.36M | 237.78M | 233.28M | 229.93M | 232.75M | 232.4M | 233.53M | 234.41M |
| Dividend Payout Ratio | - | 38.98% | 47.33% | 35.27% | 61.61% | 29.91% | 30.19% | 36.39% | 37.51% | 25.61% | 39.87% | 42.71% | 40.47% | 39.35% | 38.45% | 31.46% | 16.27% | 13.28% | 11.84% | 11.68% | 12.14% | 12.46% | 15.77% | 15.43% | 0% | 24% | 32.02% | 22.25% | 30.69% | 36.73% | 40.57% |
Commodity Input Cost Volatility
As indicated by the most recent quarterly filings, Church & Dwight's revenue growth has decelerated to a marginal 0.1% year-over-year, suggesting that the company's reliance on domestic consumer spending is currently facing significant headwinds in maintaining the momentum observed in previous fiscal periods.
The lack of meaningful top-line expansion suggests that the company's core household categories may be reaching a saturation point in the domestic market. Investors should monitor whether the recent pivot toward higher-growth personal care acquisitions can offset the sluggish performance of the legacy household product portfolio.
Based on reported financial statements, Church & Dwight has maintained a gross margin of 46.4% in 2026Q1, demonstrating a degree of pricing power that appears to insulate the firm from the inflationary pressures impacting its cost of goods sold during recent reporting cycles.
The ability to sustain margins above 45% despite fluctuating input costs implies that the Arm & Hammer brand identity provides a defensive moat against private label encroachment. However, the variability in quarterly gross margins warrants further investigation into whether promotional intensity is being used to defend this shelf space.
According to the income statement data, operating margins have fluctuated significantly, dropping to 19.8% in 2026Q1 from a peak of 22.3% in 2024Q2, which suggests that the company's operating leverage is currently constrained by rising SG&A expenses relative to gross profit generation.
The inconsistent scaling of operating income indicates that management may be aggressively reinvesting in marketing or integration costs to support recent acquisitions. This trend suggests that the company's asset-light model is currently being tested by the need for higher overhead to maintain its competitive positioning.
As reported in the quarterly income statements, EPS has shown extreme sensitivity to non-operating items and periodic charges, including a notable net loss in 2024Q3, which complicates the assessment of the company's underlying earnings quality and long-term profitability trajectory for institutional investors.
The wide swings in net income, particularly the negative results in 2024Q3, suggest that one-time charges or integration costs from the M&A strategy are significantly distorting the bottom line. Investors should look past headline EPS to evaluate whether core operational cash flows remain sufficient to support the dividend and debt service.
Quick answers to the most common questions about buying CHD stock.
For fiscal year 2025, Church & Dwight Co., Inc. (CHD) reported total revenue of $6.20B. This represents a 1075.3% increase compared to $527.8M in 1996.
Church & Dwight Co., Inc. (CHD) is profitable, generating $736.8M in net income for the fiscal year ending 2025 with a net profit margin of 11.9%.
Church & Dwight Co., Inc. (CHD) reported an operating income of $1.08B, resulting in an operating profit margin of 17.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Church & Dwight Co., Inc. (CHD) generated $2.77B in gross profit for the year, representing a gross profit margin of 44.7%. This demonstrates the company's core pricing power and production efficiency.