Helen of Troy

HELE · Nasdaq · Consumer Discretionary · Financials, fiscal 2017 to 2026

HELE · Last close · November 6, 2026

$37.43

Helen of Troy's revenue fell 6.4% to $1.8 billion in fiscal 2026. Its operating margin was −43.8%, down from 7.5% a year earlier. Free cash flow was $132 million, up 58.7%. It paid out $2 million in dividends and buybacks, 1% of free cash flow. The diluted share count fell 0.3%.

HELEN OF TROY LIMITED Latest fiscal year ended February 28, 2026 10-K filed April 23, 2026 · 0000916789-26-000048 Updated November 9, 2026

Revenue

$1.8B

6.4%

Operating margin

−43.8%

51.3 pts

Net income

−$899M

$124M a year earlier

Free cash flow

$132M

58.7%

Return on capital

−29.8%

35.6 pts

Market cap

$906M

Nov 6 close

P/E

—

Loss: no P/E

Operating margin is operating income as a share of revenue. Free cash flow is cash from operations minus capital spending. Return on capital is after-tax operating income as a share of the money invested in the business: debt plus equity, minus cash. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

About these figures. Net debt to EBITDA for fiscal 2026 is blank: the 10-K's structured data doesn't include every figure it needs.

Charts show fiscal years, from the 10-K filings.

What Helen of Troy does

Helen of Troy sells consumer products under a portfolio of brands, some of them licensed. They include OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools, Drybar, Curlsmith, Revlon and Olive & June. It sells in about 100 countries, and U.S. sales were about 72% of net sales in fiscal 2026.

It has two segments. Home & Outdoor covers food preparation and storage, cooking, cleaning, organization, drink service, water bottles, coolers, backpacks and travel gear. Beauty & Wellness covers hair styling appliances, grooming tools, personal care products and nail care, plus humidifiers, thermometers, water and air purifiers, heaters and fans. Both sell mainly to online and brick-and-mortar retailers and directly to consumers.

A few retailers account for much of its sales. Amazon.com was about 20% of net sales in fiscal 2026, and the top five customers about 50%. In fiscal 2026 it made organizational changes to stabilize the business, and the board appointed a new chief executive, who is reviewing its strategic priorities.

Its biggest risks, as it describes them

Relying on a few large customers, whose actions or loss could cut its sales and profit.
Depending on third-party manufacturers, mostly in Asia, to make its products.
Tariffs and trade barriers on imports from China, Vietnam or Mexico.
Needing a steady stream of new products to meet changing consumer tastes.
Loss of licensed trademarks it uses, or of the royalty income it gets from licensing its own.

From Helen of Troy's annual report on Form 10-K, filed April 23, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new annual report.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both.

Revenue (left axis)Net income (right axis)

Gross profit, R&D and operating income

US$ billions, fiscal years. Gross profit is revenue minus the cost of what was sold; research and development is one of the costs paid from it; what remains after all operating costs is operating income. Losses in red.

Gross profitResearch and developmentOperating income

Margins

Percent of revenue

GrossOperatingNetFree cash flow

From fiscal 2017 to 2025, earnings per share grew 0.8% a year and net income fell 1.6% a year, as buybacks cut the share count by 17%. Helen of Troy then lost money in fiscal 2026.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Returns on capital

Return on capital and on equity

Percent. Return on capital is after-tax operating income over the money invested in the business (debt plus equity, minus cash); return on equity is net income over shareholders' equity. Both use the average of opening and closing balances.

Return on capitalReturn on equity

Balance sheet

Cash and debt

US$ billions, at each fiscal year end. Debt includes finance leases.

Cash and short-term investmentsDebt

Assets, liabilities and equity

US$ billions, at each fiscal year end. Assets equal liabilities plus equity; negative equity in red.

Total assetsTotal liabilitiesShareholders' equity

Debt and liquidity ratios

Times. Debt to equity, current assets over current liabilities, and net debt over EBITDA (a full year's).

Debt to equityCurrent ratioNet debt to EBITDA

Five years at a glance

Fiscal year end	FY22	FY23	FY24	FY25	FY26
Cash and short-term investments	33	29	18	19	19
Debt incl. finance leases	816	937	672	922	786
Net debt (negative means net cash)	783	908	653	903	767
Net debt to EBITDA	2.5x	3.5x	2.1x	4.6x	—
Debt to equity	0.6x	0.6x	0.4x	0.6x	1.0x
Interest coverage	21.2x	5.2x	4.9x	2.8x	−13.6x
Current ratio	1.8x	2.2x	1.9x	2.0x	1.7x
Quick ratio	0.9x	1.1x	1.0x	1.0x	0.8x

US$ millions unless stated, at each fiscal year end. Net debt to EBITDA is debt minus cash, divided by operating income before depreciation and amortization: roughly how many years of those earnings the net debt equals. Debt to equity is debt as a multiple of shareholders' equity. Interest coverage is operating income divided by interest expense. The current ratio is current assets over current liabilities; the quick ratio leaves out inventory.

Cash flow

Cash from operations, capital spending and free cash flow

US$ billions, fiscal years. Free cash flow is cash from operations minus capital spending; negative years in red.

Cash from operationsCapital spendingFree cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Helen of Troy's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them, or value it with a discounted cash flow model. Every projected figure is yours: it is not a forecast of ours.

Open Helen of Troy's projections

Insider trades

No officer, director or 10% owner of Helen of Troy reported buying or selling its shares on the open market between November 7, 2025 and November 6, 2026.

From Form 4 filings with the SEC. Grants, option exercises and shares withheld for tax aren't counted. Insider trades at all companies

Indicators

Four widely used measures, worked out from the company's filings. The cutoffs are the ones their authors or users go by, not a verdict of ours.

Indicator	FY24	FY25	FY26
Piotroski F-score	7 of 9	5 of 9	4 of 9
Rule of 40	10.2%	−0.5%	1.0%
Altman Z''	4.43	3.87	−0.09
Accruals ratio	−4.8%	0.3%	−40.8%

Piotroski F-score: how many of nine simple tests of profitability, funding and efficiency the company passed in the year (Piotroski, 2000); 8 or 9 is strong, 0 to 2 weak. Rule of 40: revenue growth plus free cash flow margin; software investors treat 40% or more as the bar. Altman Z'': working capital, retained earnings, operating income and equity weighed against assets and liabilities (Altman, 1995); Altman puts above 2.6 in the safe zone and below 1.1 in the distress zone. Accruals ratio: net income minus cash from operations, over average total assets; lower means profit is backed by cash.

The nine F-score tests

Test	FY24	FY25	FY26
Net income is positive	Pass	Pass	Fail
Cash from operations is positive	Pass	Pass	Pass
Return on assets rose	Pass	Fail	Fail
Cash from operations exceeds net income	Pass	Fail	Pass
Debt fell relative to assets	Pass	Fail	Pass
Current ratio rose	Fail	Pass	Fail
Share count didn't rise	Pass	Pass	Pass
Gross margin rose	Pass	Pass	Fail
Revenue rose relative to assets	Fail	Fail	Fail
F-score	7 of 9	5 of 9	4 of 9

Companies that report no gross profit are scored on the other eight.

Compare

Put Helen of Troy side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Operating margin	Free cash flow margin	Return on capital	Net debt to EBITDA	F-score	Compare
Helen of Troy	FY26	−6.4%	−43.8%	7.4%	−29.8%	—	4
Hamilton Beach Brands	FY25	−7.3%	6.0%	1.8%	15.3%	0.1x	5	Compare
SharkNinja	FY25	15.8%	14.4%	7.6%	28.8%	−0.0x	6	Compare
Whirlpool	FY25	−6.5%	5.4%	0.5%	7.2%	5.0x	5	Compare
Standard Motor Products	FY25	22.4%	7.6%	1.0%	8.2%	3.0x	7	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly. Free cash flow margin is free cash flow as a share of revenue. Net debt to EBITDA is explained under the balance sheet, and the F-score under Indicators.

10 years of figures

Fiscal year	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Income statement
Revenue	1,398	1,479	1,564	1,707	2,099	2,223	2,073	2,005	1,908	1,786
Revenue growth	0.4%	5.8%	5.8%	9.2%	22.9%	5.9%	−6.8%	−3.3%	−4.9%	−6.4%
Gross profit	573	611	641	734	927	953	899	949	914	816
Research and development	12	14	13	18	53	54	48	56	54	54
Operating income	170	169	199	178	282	273	212	261	143	−782
Net income	141	44	168	152	254	224	143	169	124	−899
Diluted EPS (US$)	5.04	1.63	6.41	6.02	10.08	9.17	5.95	7.03	5.37	−39.08
Diluted shares (millions)	28	27	26	25	25	24	24	24	23	23
Cash flow
Cash from operations	228	224	195	271	314	141	208	306	113	171
Capital expenditure	16	14	26	18	99	78	175	37	30	39
Free cash flow	213	211	169	254	215	63	33	269	83	132
Dividends paid	0	0	0	0	0	0	0	0	0	0
Share buybacks	76	73	218	10	203	188	18	55	103	2
Acquisitions	209	0	0	256	0	411	146	0	229	0
Stock-based compensation	14	15	22	23	26	35	27	34	21	17
Balance sheet at fiscal year end
Cash and short-term investments	24	21	12	24	45	33	29	18	19	19
Debt incl. finance leases	486	290	321	339	348	816	937	672	922	786
Total assets	1,813	1,624	1,650	1,904	2,264	2,824	2,914	2,839	3,132	2,116
Total liabilities	792	609	653	742	1,024	1,496	1,425	1,201	1,449	1,317
Shareholders' equity	1,021	1,014	997	1,162	1,239	1,327	1,489	1,637	1,683	798
Margins and ratios
Gross margin	41.0%	41.3%	41.0%	43.0%	44.2%	42.9%	43.4%	47.3%	47.9%	45.7%
Operating margin	12.1%	11.4%	12.8%	10.4%	13.4%	12.3%	10.2%	13.0%	7.5%	−43.8%
Net margin	10.1%	3.0%	10.8%	8.9%	12.1%	10.1%	6.9%	8.4%	6.5%	−50.3%
Free cash flow margin	15.2%	14.2%	10.8%	14.8%	10.3%	2.8%	1.6%	13.4%	4.4%	7.4%
Rule of 40 (growth + FCF margin)	15.6%	20.1%	16.6%	24.0%	33.2%	8.8%	−5.2%	10.2%	−0.5%	1.0%
Return on capital	11.2%	10.1%	14.3%	11.8%	17.6%	12.8%	7.9%	9.0%	5.8%	−29.8%
Return on equity	14.4%	4.4%	16.8%	14.1%	21.1%	17.4%	10.2%	10.8%	7.5%	−72.5%
Return on assets	8.2%	2.6%	10.3%	8.6%	12.2%	8.8%	5.0%	5.9%	4.2%	−34.3%
Net debt to EBITDA	2.2x	1.3x	1.4x	1.5x	0.9x	2.5x	3.5x	2.1x	4.6x	—

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Helen of Troy's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Helen of Troy.