Procter & Gamble (PG)
Consumer Staples · $343B market cap · SEC CIK 0000080424
fundamentals score out of 100
Next reports on Oct 22, 2026, before the open, with analysts expecting $1.93 in earnings per share.
The case for PG
- Earns 30% back on shareholder equity.
- Generated $14.0B of free cash flow in FY2025, 17% of revenue.
- Moves less than the market (beta 0.38).
- Pays a modest 2.5% dividend.
The case against
- Current liabilities exceed current assets (ratio 0.68).
- The price trend is weak (38/100): -6.4% over a year, -2.9% over three months, 36% of the way up its 52-week range.
- Price/sales of 3.9× is higher than 89% of Consumer Staples companies.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Consumer Staples companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 44 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 44 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 79 |
| Momentumhow the price has behaved lately | 38 |
| Stabilityhow violently it moves, what it owes and what it pays you | 90 |
- Each factor except momentum is half fixed thresholds, half rank among the 36 Consumer Staples companies.
Key numbers
| Price / earnings | 21.4× |
|---|---|
| Price / book | 6.29× |
| Price / sales | 3.9× |
| Revenue growth (YoY) | +3.3% |
| EPS growth (YoY) | +1.7% |
| Gross margin | 51% |
| Operating margin | 23% |
| Net margin | 18% |
| Return on equity | 30% |
| Debt / equity | 0.63× |
| Current ratio | 0.68 |
| Dividend yield | 2.49% |
| Beta | 0.38 |
| 52-week range | $137.62 – $167.25 |
| Position in that range | 36% of the way up |
| 3-month return | -2.9% |
| 1-year return | -6.4% |
Five years of financials, as filed
Pulled from Procter & Gamble's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $84.3B | $84.0B | $82.0B | $80.2B | $76.1B |
| Operating income | $20.5B | $18.5B | $18.1B | $17.8B | $18.0B |
| Net income | $16.0B | $14.9B | $14.7B | $14.7B | $14.3B |
| Operating cash flow | $17.8B | $19.8B | $16.8B | $16.7B | $18.4B |
| Capital expenditure | $3.8B | $3.3B | $3.1B | $3.2B | $2.8B |
| Total assets | $127B | $123B | $121B | $118B | $121B |
| Total liabilities | $74.0B | $71.2B | $71.9B | $73.0B | $76.5B |
| Cash | $10.8B | $10.2B | $7.9B | $6.9B | $11.5B |
| Long-term debt | $25.6B | $25.3B | $23.1B | $20.6B | $22.3B |
| Free cash flow | $14.0B | $16.5B | $13.8B | $13.6B | $15.6B |
| Operating margin | 24.3% | 22.1% | 22.1% | 22.2% | 23.6% |
| Net margin | 19.0% | 17.7% | 17.9% | 18.4% | 18.8% |
| Diluted shares | 2.5B | 2.5B | 2.5B | 2.5B | 2.6B |
Share count is down 5.6% over 4 years. Buybacks have been shrinking the pie.
What Procter & Gamble says it does
The Procter & Gamble Company (the Company) is a world-leading multinational consumer goods company focused on providing trusted, branded products of superior quality, performance and value to improve the lives of consumers around the world - now and for generations to come. Our products are sold in about 180 countries and territories throughout the world. The Company was incorporated in Ohio in 1905, having first been established as a New Jersey corporation in 1890, and was built from a business founded in Cincinnati in 1837 by William Procter and James Gamble. Additional information required by this item is incorporated herein by reference to Management's Discussion and Analysis (MD&A); and Notes 1 and 2 to our Consolidated Financial Statements. Unless the context indicates otherwise, the terms "Company," "P&G," "we," "our" or "us" as used herein refer to The Procter & Gamble Company (the registrant) and its subsidiaries. Throughout…
Risk factors PG lists in its 10-K
- Our business is subject to numerous risks as a result of having significant operations and sales in international markets, including foreign currency fluctuations, currency exchange or pricing controls
- Uncertain economic or social conditions may adversely impact demand for our products or cause our customers and other business partners to suffer financial hardship, which could adversely impact our business
- Changing political and geopolitical conditions could adversely impact our business and financial results
- Disruptions in credit markets or to our banking partners or changes to our credit ratings may reduce our access to credit or overall liquidity
- Our business results depend on our ability to manage disruptions in our global supply chain
- Our businesses face cost fluctuations and pressures that could affect our results
- The ability to achieve our business objectives depends on how well we can compete with our local and global competitors in new and existing markets and channels
- A significant change in customer relationships or in customer demand for our products could have a significant impact on our business
- If the reputation of the Company or one or more of our brands erodes significantly, it could have a material impact on our financial results
- We rely on third parties in many aspects of our business, which creates additional risk
- We must successfully manage ongoing acquisition, joint venture and divestiture activities
- Our business results depend on our ability to successfully manage productivity improvements and ongoing organizational change, including attracting, developing and retaining key talent as part of our overall succession planning
- We must successfully manage compliance with current and expanding laws and regulations, as well as manage new and pending legal and regulatory matters in the U.S. and abroad
- Changes in applicable tax laws and regulations and resolutions of tax disputes could negatively affect our financial results