Kenvue vs Procter & Gamble
Procter & Gamble reported revenue of $87.0 billion in fiscal 2026, 5.8 times Kenvue's $15.1 billion in fiscal 2025. Kenvue's revenue fell 2.1% in its latest year, and Procter & Gamble's grew 3.3%. Kenvue had an operating margin of 16.0%, against 22.7% at Procter & Gamble. Free cash flow was $1.7 billion at Kenvue and $15.1 billion at Procter & Gamble. Their fiscal years end in different months (December 28 and June 30), so the periods don't line up exactly.
Side by side
| Kenvue | Procter & Gamble | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 28, 2025 | FY2026, Jun 30, 2026 |
| Revenue | $15.1B | $87.0B |
| Revenue growth | −2.1% | 3.3% |
| Revenue growth a year, last 5 years | — | 2.7% |
| Gross margin | 58.1% | 50.2% |
| Operating margin | 16.0% | 22.7% |
| Net margin | 9.7% | 18.4% |
| Free cash flow | $1.7B | $15.1B |
| Free cash flow margin | 11.4% | 17.4% |
| Return on capital | 10.0% | 20.1% |
| Net debt to EBITDA | 2.5x | 1.1x |
| Dividends and buybacks | $1.8B | $15.3B |
| Change in diluted share count | 0.1% | −1.3% |
| Last close | $19.50 | $159.92 |
| P/E at the last close | 22.4× | 24.1× |
| Insider trades, last 12 months | bought $111.0 million, sold $746,763 | sold $70.1 million |
| Piotroski F-score | 6 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
KenvueProcter & Gamble
Operating margin
Percent of revenue
KenvueProcter & Gamble
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
KenvueProcter & Gamble
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Kenvue and Procter & Gamble pages.