NEWELL BRANDS INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data NEWELL BRANDS INC. 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	13,264	14,742	10,154	9,715	9,385	10,589	9,459	8,133	7,582	7,204
Cost of revenue	8,865	9,653	6,636	6,496	6,301	7,226	6,625	5,780	5,034	4,772
Gross profit	2,971	3,811	3,518	3,219	3,084	3,363	2,834	2,353	2,548	2,432
Research and development	147	175	151	149	144	153	140	117	123	114
Selling, general and administrative	2,611	2,924	2,648	2,451	2,189	2,274	2,033	2,001	2,083	1,985
Operating income	298	707	-7,554	-482	-629	1,013	312	-85	67	39
Interest expense	404	469	446	303	274	256	235	283
Other non-operating income	173	714	12	-39	-78	8	81	-175	-18	-6
Pre-tax income	18.8	919	-7,992	-852	-1,001	760	157	-543	-260	-301
Income tax	57.1	-1,515	-1,359	-1,038	-235	138	-40	-155	-44	-16
Income from continuing operations	-38.3	2,434	-6,633	186	-770	572
Net income to minority interests		-1	2	-1	4	-2
Net income	528	2,749	-6,942	107	-766	622	197	-388	-216	-285
EBITDA	735	1,342	-7,120	-36	-272	1,338	608	249	390	350
EPS, basic	1.25	5.65	-14.65	0.25	-1.81	1.46	0.47	-0.94	-0.52	-0.68
EPS, diluted	1.25	5.63	-14.65	0.25	-1.81	1.45	0.47	-0.94	-0.52	-0.68
Shares, basic (weighted)	421	487	474	423	424	425	416	414	416	418
Shares, diluted (weighted)	421	488	474	424	424	428	417	414	416	418
Dividend per share	0.76	0.88	0.92	0.92	0.92	0.92	0.92	0.44	0.28	0.28

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	588	486	496	349	981	440	287	332	198	203
Receivables	2,747	1,879	2,164	1,842	1,678	1,500	1,250	1,195	878	987
Inventory	2,116	1,662	1,761	1,606	1,638	2,087	2,203	1,531	1,400	1,281
Other current assets	288	328	295	313	331	325	312	296	299	42
Total current assets	7,485	10,726	5,959	4,110	4,628	4,352	4,052	3,354	2,775	2,708
Property, plant and equipment	1,543	972	1,226	1,155	1,176	1,204	1,184	1,212	1,157	1,209
Lease right-of-use assets			0	615	530	558	578	515	466	453
Goodwill	6,521	7,802	3,874	3,709	3,553	3,504	3,298	3,071	3,038	3,101
Intangible assets	14,112	10,200	6,151	4,916	3,564	3,370	2,649	2,488	2,008	1,634
Other non-current assets	384	378	330	361	411	467	691	717	754	785
Total assets	33,838	33,136	17,722	15,642	14,700	14,269	13,262	12,163	11,004	10,715
Accounts payable	1,519	1,227	1,192	1,102	1,526	1,680	1,062	1,003	891	931
Accrued liabilities	366	85.9	193	204	236	270	123	190	249	168
Deferred revenue	188	180
Short-term debt	602	662	319	332	466	3	621	329	87	130
Total current liabilities	4,292	4,908	3,304	2,978	3,621	3,317	3,078	2,897	2,437	2,525
Long-term debt	11,291	9,889	6,696	5,391	5,141	4,883	4,756	4,575	4,508	4,543
Lease liabilities			0	541	472	500	512	446	418	433
Other non-current liabilities	1,787	1,362	1,379	1,111	1,152	983	877	892	712	773
Total liabilities	22,453	18,954	12,469	10,646	10,800	10,111	9,743	9,051	8,253	8,324
Total debt	11,893	9,889	6,696	5,391	5,141	4,883	4,756	4,575	4,508	4,543
Paid-in capital	10,144	10,362	8,781	8,430	8,078	7,734	7,052	6,915	6,866	6,805
Retained earnings	2,290	4,611	-2,511	-2,404	-3,174	-2,535	-2,338	-2,726	-2,942	-3,227
Treasury stock	-545	-574	-585	-590	-598	-609	-623	-627	-634	-644
Other comprehensive income	-1,045	-763	-913	-920	-880	-882	-1,011	-890	-981	-990
Shareholders' equity	11,349	14,145	5,218	4,963	3,874	4,158	3,519	3,112	2,751	2,391
Minority interests	35.6	36.6	34.8	33	26	0
Total equity	11,384	14,181	5,253	5,009	3,917	4,158	3,519	3,112	2,751	2,391
Total liabilities and equity	33,838	33,136	17,722	15,642	14,700	14,269	13,262	12,163	11,004	10,715

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	528	2,749	-6,942	107	-766	622	197	-388	-216	-285
Depreciation and amortization	437	636	434	446	357	325	296	334	323	311
Stock-based compensation	63.9	70.9	76	42	41	52	12	50	74	68
Deferred income tax	33.4	-1,782	-1,585	-1,068	-260	-24	97	-283	-114	-66
Change in receivables	-325	289	162	311	168	130	130	67	241	-53
Change in inventory	785	-350	126	131	-34	-463	-276	673	70	172
Change in payables	282	211	-309	-109	415	177	-536	-50	-96	10
Cash from operations	1,840	966	680	1,044	1,432	884	-272	930	496	264
Capital expenditures	-441	-406	-384	-265	-259	-289	-312	-284	-259	-247
Acquisitions	-8,635	-634	0	0
Cash from investing	-8,825	1,079	4,807	736	-228	-268	343	-199	-151	-164
Debt issued	9,415		0	0	491	0	989	0	1,237	1,235
Debt repaid	-1,100	-1,512	-2,580	-1,004	-320	-6	0	0	-750	0
Share buybacks	0	-152	-1,507	0	0	0	-325	0	0
Dividends paid	-329	-429	-435	-391	-392	-394	-385	-184	-118	-120
Cash from financing	7,329	-2,196	-5,454	-1,904	-559	-1,143	-232	-664	-451	-101
Exchange rate effect	-31.4	49.3	-23	-1	5	-17	-13	-9	-36	2
Net change in cash	313	-102	10	-125	650	-544	-174	58	-142	1
Free cash flow	1,399	560	296	779	1,173	595	-584	646	237	17
Interest paid	316	459	458	304	281	271	244	298	319	354
Income taxes paid	189	262	292	156	106	165	172	103	173	137

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 $5.43 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	35.5%	Gross profit / revenue.
Operating margin	2.3%	Operating income / revenue.
EBITDA margin	6.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-2.5%	Pre-tax income / revenue.
Net margin	-3.0%	Net income / revenue.
FCF margin	1.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	4.6%	Cash from operations / revenue.
Return on equity (ROE)	-9.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-2.0%	Net income / average total assets.
Return on invested capital (ROIC)	1.9%	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%.
SG&A / revenue	27.6%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.0%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	2.9%	Capital expenditures / revenue.
D&A / revenue	4.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-5.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-8.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-5.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-4.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-5.0%	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	-41.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-50.0%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	-10.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-16.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-46.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 5y	-28.7%	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	-92.8%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	-57.1%	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	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	-32.7%	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	-21.2%	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	-13.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-12.1%	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	-9.2%	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	-2.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-6.9%	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	-6.1%	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	0.6%	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	0.1%	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	-0.3%	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	1.11x	Current assets / current liabilities.
Quick ratio	0.43x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.07x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.85x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	41.0%	Total debt / total assets.
Liabilities / assets	77.8%	Total liabilities / total assets.
Net debt	$4.33B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	9.05x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$320.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	42.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$2.21B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.66x	Revenue / average total assets.
Fixed asset turnover	6.17x	Revenue / average property, plant and equipment.
Inventory turnover	3.14x	Cost of revenue / average inventory.
Days inventory	116 days	365 x average inventory / cost of revenue.
Receivables turnover	7.07x	Revenue / average receivables.
Days sales outstanding	52 days	365 x average receivables / revenue.
Days payables	82 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	86 days	Days inventory + days sales outstanding - days payables.
Capex / operating cash flow	64.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.51	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	$16.84	Revenue / diluted weighted shares.
FCF per share	$0.27	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.77	Cash from operations / diluted weighted shares.
Book value per share	$5.70	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$5.14	Tangible book value / shares outstanding.
Cash per share	$0.49	(Cash + short-term investments) / shares outstanding.
Dividends / FCF	106.8%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.31B	Share price x shares outstanding.
Enterprise value	$6.64B	Market cap + total debt - cash - short-term investments.
P/S	0.32x	Market cap / revenue.
P/B	0.94x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	19.6x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	6.99x	Market cap / cash from operations, when positive.
EV/Sales	0.92x	Enterprise value / revenue.
EV/EBIT	40.5x	Enterprise value / operating income, when both are positive.
EV/EBITDA	13.9x	Enterprise value / EBITDA, when both are positive.
EV/FCF	56.3x	Enterprise value / free cash flow, when both are positive.
FCF yield	5.1%	Free cash flow / market cap.
Earnings yield	-9.6%	Net income / market cap (the inverse of P/E).
Dividend yield	5.4%	Dividends paid over the period / market cap.
Shareholder yield	5.4%	(Dividends paid + share buybacks) / market cap.

What was NEWELL BRANDS INC.'s revenue in fiscal 2025?

NEWELL BRANDS INC. reported revenue of $7.20B for fiscal 2025, 5% lower than the year before.

Was NEWELL BRANDS INC. profitable in fiscal 2025?

No. It reported a net loss of $285.0M.

How much free cash flow did NEWELL BRANDS INC. generate in fiscal 2025?

Cash from operations of $264.0M minus capital expenditures of $247.0M left free cash flow of $17.0M.

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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