Latest Ratios: P/E Ratio -7.9x · EV/EBITDA 10.2x · ROE -11.1%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.3B | $1.6B | $4.1B | $3.6B | $5.5B | $9.3B | $9.0B | $8.1B | $8.8B | $15.1B | $18.8B |
| Enterprise Value | $7.7B | $7.0B | $9.1B | $8.7B | $11.2B | $14.4B | $14.2B | $14.2B | $15.3B | $25.1B | $30.1B |
| P/E Ratio → | -7.94 | — | — | — | 27.83 | 15.06 | — | 43.68 | — | 5.49 | 35.72 |
| P/S Ratio | 0.32 | 0.22 | 0.55 | 0.44 | 0.58 | 0.88 | 0.96 | 0.84 | 1.02 | 1.02 | 1.42 |
| P/B Ratio | 0.94 | 0.65 | 1.50 | 1.16 | 1.55 | 2.25 | 2.31 | 1.63 | 1.67 | 1.06 | 1.64 |
| P/FCF | 134.98 | 91.51 | 17.46 | 5.56 | — | 15.71 | 7.68 | 10.46 | 29.79 | 28.68 | 13.56 |
| P/OCF | 8.69 | 5.89 | 8.34 | 3.86 | — | 10.57 | 6.29 | 7.80 | 12.95 | 16.18 | 10.29 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.97 | 1.20 | 1.07 | 1.18 | 1.36 | 1.52 | 1.46 | 1.78 | 1.71 | 2.27 |
| EV / EBITDA | 10.22 | 9.24 | 23.24 | 35.08 | 18.39 | 10.77 | — | — | — | 15.93 | 19.59 |
| EV / EBIT | 17.32 | 350.24 | 258.95 | — | 28.53 | 14.19 | — | 17.28 | — | 23.87 | 83.59 |
| EV / FCF | — | 412.04 | 38.24 | 13.52 | — | 24.23 | 12.13 | 18.24 | 51.85 | 47.82 | 21.71 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.8% | 33.8% | 33.6% | 30.0% | 30.0% | 31.8% | 32.8% | 33.3% | 34.9% | 34.5% | 33.2% |
| Operating Margin | 6.2% | 6.2% | 0.9% | -1.0% | 3.3% | 9.6% | -6.8% | -5.0% | -90.7% | 8.3% | 8.3% |
| Net Profit Margin | -4.0% | -4.0% | -2.8% | -4.8% | 2.1% | 5.9% | -8.2% | 1.1% | -80.2% | 18.6% | 4.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -11.1% | -11.1% | -7.4% | -11.7% | 5.1% | 15.4% | -17.3% | 2.1% | -71.1% | 21.5% | 8.0% |
| ROA | -2.6% | -2.6% | -1.9% | -3.1% | 1.4% | 4.3% | -5.1% | 0.6% | -27.2% | 8.2% | 2.6% |
| ROIC | 4.3% | 4.3% | 0.6% | -0.7% | 2.5% | 8.3% | -4.7% | -3.2% | -32.6% | 3.9% | 6.0% |
| ROCE | 5.3% | 5.3% | 0.8% | -0.9% | 3.0% | 9.2% | -5.3% | -3.6% | -36.2% | 4.2% | 6.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.36 | 2.36 | 1.86 | 1.76 | 1.71 | 1.32 | 1.59 | 1.28 | 1.33 | 0.74 | 1.04 |
| Debt / EBITDA | 7.46 | 7.46 | 13.14 | 21.98 | 9.88 | 4.12 | — | — | — | 6.68 | 7.74 |
| Net Debt / Equity | — | 2.28 | 1.79 | 1.65 | 1.63 | 1.22 | 1.34 | 1.21 | 1.24 | 0.71 | 0.99 |
| Net Debt / EBITDA | 7.19 | 7.19 | 12.63 | 20.64 | 9.41 | 3.79 | — | — | — | 6.38 | 7.35 |
| Debt / FCF | — | 320.53 | 20.78 | 7.96 | — | 8.52 | 4.46 | 7.78 | 22.05 | 19.15 | 8.15 |
| Interest Coverage | 0.06 | 0.06 | 0.12 | -0.80 | 1.67 | 3.97 | -2.67 | 2.71 | -16.92 | 13.18 | 0.89 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.07 | 1.07 | 1.14 | 1.16 | 1.32 | 1.31 | 1.28 | 1.38 | 2.33 | 1.41 | 1.74 |
| Quick Ratio | 0.57 | 0.57 | 0.56 | 0.63 | 0.60 | 0.68 | 0.83 | 0.84 | 1.85 | 0.83 | 1.25 |
| Cash Ratio | 0.08 | 0.08 | 0.08 | 0.11 | 0.09 | 0.13 | 0.27 | 0.12 | 0.15 | 0.11 | 0.14 |
| Asset Turnover | — | 0.67 | 0.69 | 0.67 | 0.71 | 0.74 | 0.64 | 0.62 | 0.49 | 0.44 | 0.39 |
| Inventory Turnover | 3.73 | 3.73 | 3.60 | 3.72 | 3.01 | 3.46 | 3.85 | 4.03 | 3.55 | 3.86 | 4.19 |
| Days Sales Outstanding | — | 50.01 | 42.27 | 53.63 | 48.23 | 51.70 | 65.26 | 69.19 | 91.49 | 46.53 | 75.59 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.3% | 7.7% | 2.9% | 5.1% | 7.1% | 4.2% | 4.4% | 4.8% | 4.9% | 2.8% | 1.7% |
| Payout Ratio | — | — | — | — | 195.4% | 63.3% | — | 365.4% | — | 15.6% | 62.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 3.6% | 6.6% | — | 2.3% | — | 18.2% | 2.8% |
| FCF Yield | 0.7% | 1.1% | 5.7% | 18.0% | — | 6.4% | 13.0% | 9.6% | 3.4% | 3.5% | 7.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 6.0% | 0.0% | 0.0% | 0.0% | 17.1% | 1.1% | 0.1% |
| Total Shareholder Yield | 5.3% | 7.7% | 2.9% | 5.1% | 13.0% | 4.2% | 4.4% | 4.8% | 22.0% | 4.0% | 1.8% |
| Shares Outstanding | — | $418M | $416M | $414M | $417M | $428M | $424M | $424M | $474M | $488M | $421M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying NWL stock.
Newell Brands Inc.'s current P/E ratio is -7.9x. The historical average is 27.2x.
Newell Brands Inc.'s current EV/EBITDA is 10.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.6x.
Newell Brands Inc.'s return on equity (ROE) is -11.1%. The historical average is 6.1%.
Based on historical data, Newell Brands Inc. is trading at a P/E of -7.9x. Compare with industry peers and growth rates for a complete picture.
Newell Brands Inc.'s current dividend yield is 5.31%.
Newell Brands Inc. has 33.8% gross margin and 6.2% operating margin.
Newell Brands Inc.'s Debt/EBITDA ratio is 7.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Persistent revenue decline and leverage
Metrics are mathematically derived from official filings.
Deep Discount Masks Turnaround Uncertainty
NWL trades at 0.38x sales and 11.0x forward earnings, per recent filings, a steep discount to Church & Dwight's 33x P/E, suggesting the market prices in continued operational strain rather than a stable staples profile.
The negative trailing P/E of -9.35 reflects the cumulative losses, while the forward multiple of 11.01 implies the market expects a sharp earnings recovery that has not yet materialized in reported results. The EV/EBITDA of 10.75 is below the peer average, but the forward EV/EBITDA of 18.28 suggests that EBITDA is expected to contract further, which may indicate that the current valuation is not as cheap as it appears. Investors should monitor whether the recent gross margin improvement translates into sustainable operating leverage before assigning a re-rating.
Margin Recovery Tempered by Structural Costs
Gross margin jumped to 40.7% in 2026Q2 from 35.4% a year earlier, as reported in financial statements, but operating margin of 14.2% remains below the peer average, indicating that SG&A and logistics costs still compress profitability.
The gross margin improvement appears driven by cost cuts and favorable mix, yet the net margin of 5.3% in 2026Q2 is still thin, and the trailing twelve-month net margin is negative at -3.96%, reflecting the impact of restructuring charges and interest burdens. The company's cost structure, heavily weighted toward raw materials like resin and zinc, suggests that margin gains may be vulnerable to input cost volatility. The true earning power likely lies in the Learning and Development segment, but its contribution is obscured by the broader portfolio's lower-margin categories.
Return on Capital Remains Subdued
ROIC improved to 2.8% in 2026Q2 from 1.6% a year earlier, per recent filings, but remains far below the cost of capital, indicating that the company is still not generating adequate returns on its invested base.
The ten-quarter trend shows ROIC oscillating near zero, with negative readings in 2024Q3 and 2025Q4, reflecting the impact of impairments and operational losses. The improvement in 2026Q2 is encouraging but appears driven by margin recovery rather than asset efficiency, as asset turnover remains low at 0.18. Given the high goodwill balance of $3.1 billion, the return on invested capital may be overstated if impairments are not taken, and investors should monitor whether the company can sustain returns above its cost of capital.
Working Capital Cycle Lengthens on Inventory
Cash conversion cycle improved to 78 days in 2026Q2 from 89 days a year earlier, as per the latest data, but inventory days of 115 remain elevated, suggesting that working capital efficiency is still constrained by slow-moving stock.
The reduction in DSO from 55 to 44 days indicates improved receivables collection, but DIO has remained stubbornly high, reflecting the seasonal nature of the Outdoor and Home Fragrance segments. The company's ability to stretch payables (DPO of 81 days) partially offsets the inventory drag, but the cycle remains longer than that of more efficient peers. The volatility in working capital, as seen in the swing from +$287 million in 2025Q3 to -$247 million in 2026Q1, suggests that cash flow will remain lumpy, and management's focus on inventory discipline will be critical.
Leverage Elevated Despite Modest Debt
Debt-to-equity rose to 2.26 in 2026Q2 from 1.81 in 2024Q2, per balance sheet data, while interest coverage of 3.24 remains thin, indicating that the company's debt service is becoming less comfortable as equity erodes.
Total debt of $5.5 billion against equity of $2.5 billion leaves little room for error, and the negative retained earnings of -$3.2 billion underscore the cumulative losses that have weakened the equity base. The D/EBITDA ratio of 19.65 in 2026Q2 is distorted by depressed EBITDA, but even on a normalized basis, leverage appears high relative to peers like Church & Dwight (0.55 D/E). The interest coverage of 3.24, while improved from negative readings in 2025Q4, suggests that a modest downturn in operating income could strain debt service, and refinancing risk warrants monitoring.
Thin Liquidity Buffer Persists
Current ratio of 1.11 in 2026Q2, as reported in the balance sheet, is barely above 1.0, with quick ratio of 0.59 indicating heavy reliance on inventory, which may not be easily liquidated in a downturn.
Cash of $233 million is modest relative to the $5.5 billion debt load, and the company's ability to weather a severe demand shock appears limited. The quick ratio of 0.59 suggests that excluding inventory, current assets cover only 59% of current liabilities, leaving the company vulnerable to a sudden cash crunch. While the current ratio has improved from 0.98 in 2024Q2, the buffer remains thin, and the negative free cash flow in six of the last ten quarters indicates that internal cash generation may not be sufficient to cover obligations without external financing.
P/E Misleads on Turnaround Potential
The negative P/E ratio is commonly misapplied to NWL, as it obscures the company's cash-generating ability; a more appropriate metric is EV/EBITDA or P/FCF, which better captures the underlying earnings power.
The trailing P/E of -9.35 is meaningless for a company with negative net income, and even the forward P/E of 11.01 may be misleading if earnings are inflated by one-time gains or cost cuts. The EV/EBITDA of 10.75, while higher than some peers, provides a clearer picture of valuation relative to operating cash flow, but the forward EV/EBITDA of 18.28 suggests that the market expects EBITDA to decline. Investors should focus on free cash flow yield, which at 0.63% (based on P/FCF of 158.97) indicates that the stock is not cheap on a cash basis, and the dividend yield of 4.5% may not be sustainable if cash flow remains weak.