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KVUE · NYSE · United States · Perfumes, Cosmetics & Other Toilet Preparations
In shortKenvue Inc. is profitable, generates cash and carries moderate debt, with revenue shrinking (−2.1% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 16.0% | 70/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 9.7% | 59/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 14.4% | 72/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 14.5% | 97/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.96× | 13/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.13× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.13× | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 5.61× | 39/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.21 | 3/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 11.4% | 66/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.17× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 4 | 17/100 |
| Revenue growth volatility | 2.3% | 100/100 |
| Operating margin volatility | 2.8% | 84/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 0.4% | 19/100 |
|---|---|---|
| EPS growth, 3-year average | -14.1% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 15,054 | 14,950 | 15,444 | 15,455 | 15,124 |
| Cost of revenue | 6,635 | 6,665 | 6,801 | 6,496 | 6,332 |
| Gross profit | 8,419 | 8,285 | 8,643 | 8,959 | 8,792 |
| Research & development | 355 | 375 | 399 | 408 | 382 |
| Selling, general & admin | 5,484 | 5,633 | 6,141 | 6,329 | 6,088 |
| Operating income | 2,920 | 2,675 | 2,512 | 1,841 | 2,414 |
| Interest expense | 0 | 0 | 250 | 431 | 430 |
| Pre-tax income | 2,925 | 2,637 | 2,190 | 1,415 | 1,999 |
| Income tax | 847 | 573 | 526 | 385 | 529 |
| Net income | 2,078 | 2,064 | 1,664 | 1,030 | 1,470 |
| Diluted EPS | $1.21 | $1.20 | $0.90 | $0.54 | $0.76 |
| Diluted shares (millions) | 1,716 | 1,716 | 1,850 | 1,923 | 1,924 |
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of Kenvue Inc. are included in the Investor plan. Try free for 7 days →
1.21 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 28, 2026 · Data updated Aug 6, 2026