Kenvue vs Unilever

Kenvue KVUE · Unilever UL · Personal Care Products

Kenvue reported revenue of $15.1 billion in fiscal 2025, and Unilever €50.5 billion in fiscal 2025, in different currencies. Kenvue's revenue fell 2.1% in its latest year, and Unilever's fell 3.8%. Kenvue had an operating margin of 16.0%, against 17.9% at Unilever. Free cash flow was $1.7 billion at Kenvue and €6.9 billion at Unilever. Their fiscal years end in different months (December 28 and December 31), so the periods don't line up exactly.

Side by side

	Kenvue	Unilever
Latest fiscal year	FY2025, Dec 28, 2025	FY2025, Dec 31, 2025
Revenue	$15.1B	€50.5B
Revenue growth	−2.1%	−3.8%
Revenue growth a year, last 5 years	—	−0.1%
Gross margin	58.1%	47.0%
Operating margin	16.0%	17.9%
Net margin	9.7%	18.8%
Free cash flow	$1.7B	€6.9B
Free cash flow margin	11.4%	13.7%
Return on capital	10.0%	15.2%
Net debt to EBITDA	2.5x	2.1x
Dividends and buybacks	$1.8B	€4.5B
Change in diluted share count	0.1%	−1.5%
Last close	$19.50	$65.61
P/E at the last close	22.4×	—
Insider trades, last 12 months	bought $111.0 million, sold $746,763	—
Piotroski F-score	6 of 9	7 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

In each company's own currency, fiscal years

KenvueUnilever

Operating margin

Percent of revenue

KenvueUnilever

Free cash flow

In each company's own currency. Cash from operations minus capital expenditure.

KenvueUnilever

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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 Unilever pages.