CHURCH & DWIGHT CO INC /DE/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CHURCH & DWIGHT CO INC /DE/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	3,493	3,776	4,146	4,358	4,896	5,190	5,376	5,868	6,107	6,203
Cost of revenue	1,903	2,047	2,305	2,374	2,682	2,927	3,126	3,279	3,317	3,428
Gross profit	1,591	1,730	1,841	1,984	2,214	2,264	2,250	2,589	2,790	2,775
Research and development	63.2	70.8	89.7	93.6	103	105	110	122	140	146
Selling, general and administrative	439	543	566	629	593	607	706	890	928	988
Selling and marketing	427	454	483	515	591	578	535	641	698	709
Operating income	724	733	792	840	1,030	1,079	598	1,057	807	1,078
Interest expense	27.7	52.6	79.4	73.6	61	54.5	89.6	111	95	95.2
Other non-operating income	-1.5	-0.3	-3.9	-1.1	-2.1	-2.3	-1	-0.8	8.8	-56.9
Pre-tax income	706	693	720	774	974	1,032	523	967	756	957
Income tax	247	-50.7	151	158	188	204	109	212	171	220
Net income	459	743	569	616	786	828	414	756	585	737
EBITDA	832	858	933	1,017	1,219	1,298	817	1,283	1,046	1,325
EPS, basic	1.78	2.97	2.32	2.50	3.18	3.38	1.70	3.09	2.39	3.04
EPS, diluted	1.75	2.90	2.27	2.44	3.12	3.32	1.68	3.05	2.37	3.02
Shares, basic (weighted)	258	251	246	246	247	245	243	245	244	243
Shares, diluted (weighted)	262	256	251	252	252	250	246	248	247	244
Dividend per share	0.71	0.76	0.87	0.91	0.96	1.01	1.05	1.09	1.13	1.18

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	188	279	317	156	183	241	270	345	964	409
Receivables	287	346	345	356	399	406	422	527	601	593
Inventory	258	331	383	417	495	535	647	613	613	535
Other current assets	23.8	44.7	33.4	26.9	35.1	51.9	57	45	62.4	59.8
Total current assets	757	1,000	1,078	956	1,112	1,233	1,396	1,530	2,241	1,597
Property, plant and equipment	589	608	598	598	613	653	761	928	932	823
Lease right-of-use assets			55	151	182	159	163	186	182	166
Goodwill	1,444	1,959	1,993	2,080	2,230	2,275	2,427	2,432	2,433	2,628
Intangible assets	1,432	2,321	2,274	2,750	3,110	3,494	3,432	3,302	2,889	3,512
Other non-current assets	124	118	117	117	340	333	318	366	378	343
Total assets	4,354	6,015	6,069	6,657	7,415	7,997	8,346	8,569	8,883	8,912
Accounts payable	332	399	430	473	588	664	667	631	705	732
Accrued liabilities	73.2	61.8	84.2	96.5	124	87.7	66.8	152	151	146
Short-term debt	427	0	597	0	0	699	0	200	0	0
Total current liabilities	1,002	935	1,326	1,092	1,389	2,075	1,184	1,422	1,316	1,498
Long-term debt	693	2,103	1,509	1,810	1,813	2,202	2,600	2,202	2,205	2,205
Lease liabilities				144	168	147	152	175	169	153
Other non-current liabilities	169	197	181	181	368	298	273	314	333	321
Total liabilities	2,376	3,797	3,615	3,990	4,394	4,763	4,856	4,714	4,522	4,910
Total debt	693	2,103	2,105	1,810	1,813	2,310	2,600	2,402	2,205	2,205
Paid-in capital	251	265	281	296	274	310	366	455	563	625
Retained earnings	2,926	3,479	3,833	3,833	4,786	5,366	5,525	6,012	6,320	6,768
Treasury stock	-1,429	-1,782	-1,899	-2,091	-2,255	-2,668	-2,665	-2,878	-2,785	-3,665
Other comprehensive income	-63.8	-36.4	-53.6	-66.7	-77.6	-68.2	-29.3	-27.2	-30.9	-19.9
Shareholders' equity	1,978	2,218	2,454	2,668	3,020	3,233	3,490	3,855	4,361	4,002
Total equity	1,978	2,218	2,454	2,668	3,020	3,233	3,490	3,855	4,361	4,002
Total liabilities and equity	4,354	6,015	6,069	6,657	7,415	7,997	8,346	8,569	8,883	8,912

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	459	743	569	616	786	828	414	756	585	737
Depreciation and amortization	108	125	141	176	190	219	219	225	239	247
Stock-based compensation	16	18.1	23.3	20.8	21.5	23.7	32.3	63.6	59.2	58
Deferred income tax	24.9	-238	11.1	5.6	25.7	20.3	-118	-13.8	-82	36
Change in receivables	-12.7	-9.7	-3.4	-9.2	-13.4	2.4	-5.3	-97.4	-81.5	39.4
Change in inventory	19.2	-25.2	-55.1	-33.8	-61.9	-29.1	-92.8	38.5	2	56.1
Change in payables	50.5	30.3	54.9	72.8	168	47.5	6.9	-58.1	98.6	2.4
Cash from operations	655	682	764	865	990	994	885	1,031	1,156	1,215
Capital expenditures	-49.8	-45	-60.4	-73.7	-98.9	-119	-179	-224	-180	-122
Acquisitions	-305	-1,260	-49.8	-475	-513	-556	-547	0	-19.9	-656
Cash from investing	-355	-1,303	-112	-554	-608	-682	-729	-234	-183	-617
Debt issued	0	1,621	0	300	0	799	999	0	0
Debt repaid	0	-200	0	-600	0	-300	-700	-200	-205	0
Stock issued	50.5	42.1	76.6	52.8	93	98.7	26.2	112	143	35.6
Share buybacks	-400	-400	-200	-250	-300	-500	0	-300	0	-900
Dividends paid	-183	-190	-213	-224	-237	-248	-255	-267	-277	-287
Cash from financing	-440	699	-609	-473	-360	-252	-121	-726	-343	-1,162
Exchange rate effect	-3.3	14.1	-4.7	0.9	5.3	-2.2	-6	3.5	-9.9	8.8
Net change in cash	-142	91.1	37.8	-161	27.4	57.5	29.7	74.2	620	-555
Free cash flow	606	637	703	791	891	875	706	807	976	1,093
Interest paid	25.6	33.3	74.9	70.6	58.8	51.8	86	112	94.4	94.6
Income taxes paid	188	198	117	135	162	203	213	228	260	188

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $96.38 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	45.6%	Gross profit / revenue.
Operating margin	17.5%	Operating income / revenue.
EBITDA margin	20.9%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	15.3%	Pre-tax income / revenue.
Net margin	12.0%	Net income / revenue.
Effective tax rate	21.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	17.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	8.2%	Net income / average total assets.
Return on invested capital (ROIC)	13.5%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	2.3%	Research and development expense / revenue.
SG&A / revenue	16.6%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.1%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	2.3%	Capital expenditures / revenue.
D&A / revenue	3.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	1.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	4.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	4.8%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-0.5%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	7.2%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	4.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	33.5%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	21.7%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	0.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	26.6%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	17.5%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	1.7%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	25.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	21.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-1.3%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	27.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	21.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-0.6%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	5.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	11.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	4.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	11.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	15.7%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	4.2%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	4.4%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	4.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	4.2%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-8.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	4.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	5.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	0.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	3.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.15x	Current assets / current liabilities.
Quick ratio	0.64x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.19x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.51x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	24.2%	Total debt / total assets.
Liabilities / assets	52.3%	Total liabilities / total assets.
Net debt	$1.95B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	1.50x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	11.3x	Operating income / interest expense.
Working capital	$194.5M	Current assets - current liabilities.
Goodwill and intangibles / assets	70.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$2.05B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.68x	Revenue / average total assets.
Fixed asset turnover	7.54x	Revenue / average property, plant and equipment.
Inventory turnover	5.62x	Cost of revenue / average inventory.
Days inventory	65 days	365 x average inventory / cost of revenue.
Receivables turnover	10.4x	Revenue / average receivables.
Days sales outstanding	35 days	365 x average receivables / revenue.
Days payables	84 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	16 days	Days inventory + days sales outstanding - days payables.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.13	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$26.15	Revenue / diluted weighted shares.
Book value per share	$18.25	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$8.59	Tangible book value / shares outstanding.
Cash per share	$1.07	(Cash + short-term investments) / shares outstanding.
Payout ratio	38.7%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$22.86B	Share price x shares outstanding.
Enterprise value	$24.81B	Market cap + total debt - cash - short-term investments.
P/E	30.7x	Market cap / net income. Only when net income is positive.
P/S	3.67x	Market cap / revenue.
P/B	5.26x	Market cap / shareholders' equity. Only when equity is positive.
EV/Sales	3.98x	Enterprise value / revenue.
EV/EBIT	22.8x	Enterprise value / operating income, when both are positive.
EV/EBITDA	19.0x	Enterprise value / EBITDA, when both are positive.
Earnings yield	3.3%	Net income / market cap (the inverse of P/E).
Dividend yield	1.3%	Dividends paid over the period / market cap.
Shareholder yield	1.3%	(Dividends paid + share buybacks) / market cap.
PEG	1.42x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was CHURCH & DWIGHT CO INC /DE/'s revenue in fiscal 2025?

CHURCH & DWIGHT CO INC /DE/ reported revenue of $6.20B for fiscal 2025, 1.6% higher than the year before.

Was CHURCH & DWIGHT CO INC /DE/ profitable in fiscal 2025?

Yes. Net income was $736.8M, a net margin of 11.9%.

How much free cash flow did CHURCH & DWIGHT CO INC /DE/ generate in fiscal 2025?

Cash from operations of $1.22B minus capital expenditures of $122.4M left free cash flow of $1.09B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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