Estee Lauder Companies (EL) Financials

$90.83 -0.90 (-0.98%)

Closing price 09/2/2025 03:59 PM Eastern

Extended Trading

$90.87 +0.04 (+0.04%)

As of 09/2/2025 07:59 PM Eastern

Annual Income Statements for Estee Lauder Companies

This table shows Estee Lauder Companies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	1,089	1,115	1,249	1,108	1,785	684	2,870	2,390	1,006	390	-1,133
Consolidated Net Income / (Loss)	1,094	1,121	1,256	1,117	1,794	696	2,875	2,408	1,010	409	-1,133
Net Income / (Loss) Continuing Operations	1,094	1,121	1,256	1,117	1,794	696	2,875	2,408	1,010	409	-1,133
Total Pre-Tax Income	1,561	1,555	1,617	1,980	2,307	1,046	3,331	3,036	1,397	772	-1,040
Total Operating Income	1,606	1,610	1,704	2,055	2,313	606	2,618	3,170	1,509	970	-785
Total Gross Profit	8,680	9,081	9,390	10,839	11,476	10,742	12,381	13,432	11,346	11,184	10,597
Total Revenue	10,780	11,262	11,824	13,683	14,863	14,294	16,215	17,737	15,910	15,608	14,326
Operating Revenue	10,780	11,262	11,824	13,683	14,863	14,294	16,215	17,737	15,910	15,608	14,326
Total Cost of Revenue	2,100	2,181	2,434	2,844	3,387	3,552	3,834	4,305	4,564	4,424	3,729
Operating Cost of Revenue	2,100	2,181	2,434	2,844	3,387	3,552	3,834	4,305	4,564	4,424	3,729
Total Operating Expenses	7,074	7,471	7,686	8,784	9,163	10,136	9,763	10,262	9,837	10,214	11,382
Selling, General & Admin Expense	7,074	7,338	7,460	8,553	8,857	8,637	9,371	9,888	9,575	9,621	9,456
Impairment Charge	0.00	0.00	31	0.00	90	1,426	188	241	207	471	1,286
Restructuring Charge	0.00	133	195	231	216	73	204	133	55	122	481
Other Special Charges / (Income)	-	-	-	-	-	-	-	-	0.00	0.00	159
Total Other Income / (Expense), net	-45	-55	-87	-75	-6.00	440	713	-135	-112	-198	-255
Interest Expense	60	71	103	128	133	161	173	167	255	378	357
Interest & Investment Income	15	16	28	56	58	48	51	30	131	167	114
Other Income / (Expense), net	-	-	-12	-3.00	69	553	835	2.00	12	13	-12
Income Tax Expense	467	434	361	863	513	350	456	628	387	363	93
Net Income / (Loss) Attributable to Noncontrolling Interest	5.00	6.00	7.00	9.00	9.00	12	5.00	18	4.00	19	0.00
Basic Earnings per Share	$2.87	$3.01	$3.40	$3.01	$4.91	$1.90	$7.91	$6.64	$2.81	$1.09	($3.15)
Weighted Average Basic Shares Outstanding	379.30M	370M	367.10M	368M	363.50M	360.60M	362.90M	360M	357.90M	359M	360.10M
Diluted Earnings per Share	$2.82	$2.96	$3.35	$2.95	$4.82	$1.86	$7.79	$6.55	$2.79	$1.08	($3.15)
Weighted Average Diluted Shares Outstanding	385.70M	376.60M	373M	375.70M	370.40M	366.90M	368.20M	364.90M	360.90M	360.80M	360.10M
Weighted Average Basic & Diluted Shares Outstanding	379.40M	365.71M	367.96M	368.10M	360.76M	360.80M	361.29M	356.90M	357.69M	358.72M	359.89M

This table shows Estee Lauder Companies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	394	156	-33	31	313	330	-284	-156	-590	159	-546
Consolidated Net Income / (Loss)	397	155	-32	36	324	335	-286	-156	-590	159	-546
Net Income / (Loss) Continuing Operations	397	155	-32	36	324	335	-286	-156	-590	159	-546
Total Pre-Tax Income	532	280	-48	46	519	486	-279	-180	-650	241	-451
Total Operating Income	556	297	-5.00	98	574	531	-233	-121	-580	306	-390
Total Gross Profit	3,401	2,592	2,446	2,448	3,125	2,833	2,778	2,433	3,047	2,661	2,456
Total Revenue	4,620	3,751	3,609	3,518	4,279	3,940	3,871	3,361	4,004	3,550	3,411
Operating Revenue	4,620	3,751	3,609	3,518	4,279	3,940	3,871	3,361	4,004	3,550	3,411
Total Cost of Revenue	1,219	1,159	1,163	1,070	1,154	1,107	1,093	928	957	889	955
Operating Cost of Revenue	1,219	1,159	1,163	1,070	1,154	1,107	1,093	928	957	889	955
Total Operating Expenses	2,845	2,295	2,451	2,350	2,551	2,302	3,011	2,554	3,627	2,355	2,846
Selling, General & Admin Expense	2,630	2,281	2,420	2,349	2,544	2,284	2,444	2,298	2,585	2,258	2,315
Restructuring Charge	8.00	14	31	1.00	7.00	18	96	97	181	97	106
Total Other Income / (Expense), net	-24	-17	-43	-52	-55	-45	-46	-59	-70	-65	-61
Interest Expense	52	58	99	95	98	94	91	92	90	87	88
Interest & Investment Income	26	37	53	41	40	45	41	35	23	27	29
Other Income / (Expense), net	2.00	4.00	3.00	2.00	3.00	4.00	4.00	-2.00	-3.00	-5.00	-2.00
Income Tax Expense	135	125	-16	10	195	151	7.00	-24	-60	82	95
Basic Earnings per Share	$1.10	$0.44	($0.10)	$0.09	$0.87	$0.92	($0.79)	($0.43)	($1.64)	$0.44	($1.52)
Weighted Average Basic Shares Outstanding	357.70M	357.90M	357.90M	358.40M	358.70M	359.10M	359M	359.60M	360M	360.30M	360.10M
Diluted Earnings per Share	$1.09	$0.43	($0.08)	$0.09	$0.87	$0.91	($0.79)	($0.43)	($1.64)	$0.44	($1.52)
Weighted Average Diluted Shares Outstanding	360.40M	361.20M	360.90M	360.50M	360M	360.80M	360.80M	359.60M	360M	361.40M	360.10M
Weighted Average Basic & Diluted Shares Outstanding	357.22M	357.41M	357.69M	357.85M	358.47M	358.56M	358.72M	358.98M	359.72M	359.75M	359.89M

This table details how cash moves in and out of Estee Lauder Companies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Change in Cash & Equivalents	-608	-107	222	1,032	817	2,035	-64	-1,001	72	-634	-474
Net Cash From Operating Activities	1,943	1,789	1,790	2,562	2,517	2,280	3,631	3,040	1,731	2,360	1,272
Net Cash From Continuing Operating Activities	1,943	1,789	1,790	2,562	2,517	2,280	3,631	3,040	1,731	2,360	1,272
Net Income / (Loss) Continuing Operations	1,094	1,121	1,256	1,117	1,794	696	2,875	2,408	1,010	409	-1,133
Consolidated Net Income / (Loss)	1,094	1,121	1,256	1,117	1,794	696	2,875	2,408	1,010	409	-1,133
Depreciation Expense	409	415	464	531	557	611	651	727	744	825	829
Non-Cash Adjustments To Reconcile Net Income	137	194	234	218	271	1,144	-217	608	519	760	1,623
Changes in Operating Assets and Liabilities, net	303	59	-164	696	-105	-171	322	-703	-542	366	-47
Net Cash From Investing Activities	-1,616	-1,269	-2,204	-358	473	-1,698	-1,864	-945	-3,217	-960	-623
Net Cash From Continuing Investing Activities	-1,616	-1,269	-2,204	-358	473	-1,698	-1,864	-945	-3,217	-960	-623
Purchase of Property, Plant & Equipment	-473	-525	-504	-629	-744	-623	-637	-1,040	-1,003	-919	-602
Acquisitions	-241	-101	-1,671	0.00	0.00	-1,047	-1,065	-3.00	-2,286	0.00	0.00
Purchase of Investments	-1,207	-2,016	-1,267	-478	-14	-28	-194	98	72	-41	-24
Sale of Property, Plant & Equipment	0.00	0.00	12	0.00	2.00	-	-	-	0.00	0.00	3.00
Net Cash From Financing Activities	-895	-605	630	-1,172	-2,173	1,461	-1,892	-3,036	1,590	-2,035	-1,144
Net Cash From Continuing Financing Activities	-895	-605	630	-1,172	-2,173	1,461	-1,892	-3,036	1,590	-2,035	-1,144
Repayment of Debt	-12	-12	-152	-10	-172	224	-1,207	-23	-62	-1,014	-505
Repurchase of Common Equity	-983	-890	-413	-759	-1,555	-893	-733	-2,309	-271	-780	-35
Payment of Dividends	-356	-427	-489	-550	-615	-513	-761	-855	-925	-947	-639
Issuance of Debt	307	616	1,498	0.00	0.00	2,481	596	0.00	2,760	648	0.00
Other Financing Activities, net	149	108	186	147	169	162	213	151	88	58	35
Effect of Exchange Rate Changes	-40	-22	6.00	-	-	-8.00	61	-60	-32	1.00	21

This table details how cash moves in and out of Estee Lauder Companies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	787	1,806	-1,502	-939	849	-238	-306	-1,045	236	45	290
Net Cash From Operating Activities	1,401	266	714	-408	1,345	534	889	-670	1,057	284	601
Net Cash From Continuing Operating Activities	1,401	266	714	-408	1,345	534	889	-670	1,057	284	601
Net Income / (Loss) Continuing Operations	397	155	-32	36	324	335	-286	-156	-590	159	-546
Consolidated Net Income / (Loss)	397	155	-32	36	324	335	-286	-156	-590	159	-546
Depreciation Expense	181	189	196	203	205	206	211	208	207	204	210
Non-Cash Adjustments To Reconcile Net Income	330	81	39	46	128	107	495	70	984	84	485
Changes in Operating Assets and Liabilities, net	493	-159	511	-693	688	-114	469	-792	456	-163	452
Net Cash From Investing Activities	-271	-242	-2,690	-295	-262	-178	-225	-160	-134	-114	-215
Net Cash From Continuing Investing Activities	-271	-242	-2,690	-295	-262	-178	-225	-160	-134	-114	-215
Purchase of Property, Plant & Equipment	-267	-233	-351	-295	-232	-175	-217	-141	-132	-122	-207
Purchase of Investments	-4.00	-1.00	-61	0.00	-30	-3.00	-8.00	-19	-2.00	5.00	-8.00
Net Cash From Financing Activities	-381	1,775	500	-219	-270	-570	-976	-226	-652	-138	-128
Net Cash From Continuing Financing Activities	-381	1,775	500	-219	-270	-570	-976	-226	-652	-138	-128
Repayment of Debt	-4.00	2,225	-2,029	-3.00	-787	-221	-3.00	-1.00	-501	-1.00	-2.00
Payment of Dividends	-236	-236	-238	-236	-238	-236	-237	-240	-126	-147	-126
Effect of Exchange Rate Changes	-	-	-26	-	-	-	6.00	-	-	13	32

This table presents Estee Lauder Companies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Total Assets	8,227	9,223	11,568	12,567	13,156	17,781	21,971	20,910	23,415	21,677	19,892
Total Current Assets	4,184	4,225	4,964	6,168	7,212	8,892	9,768	9,298	9,139	7,922	7,069
Cash & Equivalents	1,021	914	1,136	2,181	2,987	5,022	4,958	3,957	4,029	3,395	2,921
Accounts Receivable	1,175	1,258	1,395	1,487	1,831	1,194	1,702	1,629	1,452	1,727	1,530
Inventories, net	1,216	1,264	1,479	1,618	2,006	2,062	2,505	2,920	2,979	2,175	2,074
Prepaid Expenses	268	320	349	348	388	614	603	792	679	625	544
Plant, Property, & Equipment, net	1,490	1,583	1,671	1,823	2,068	2,055	2,280	2,650	3,179	3,136	3,172
Total Noncurrent Assets	2,553	3,415	4,933	4,576	3,876	6,834	9,923	8,962	11,097	10,619	9,651
Goodwill	1,145	1,228	1,916	1,926	1,868	1,401	2,616	2,521	2,486	2,143	2,135
Intangible Assets	327	344	1,327	1,276	1,203	2,338	4,095	3,428	5,602	5,183	3,759
Other Noncurrent Operating Assets	661	735	664	531	805	3,095	3,212	3,013	3,009	3,293	3,757
Total Liabilities & Shareholders' Equity	8,227	9,223	11,568	12,567	13,156	17,781	21,971	20,910	23,415	21,677	19,892
Total Liabilities	4,573	5,636	7,166	7,857	8,745	13,819	15,023	14,478	16,998	16,363	16,027
Total Current Liabilities	2,130	2,681	2,823	3,310	4,605	5,179	5,298	5,815	6,240	5,702	5,435
Short-Term Debt	30	332	189	183	516	1,222	32	268	997	504	3.00
Accounts Payable	635	717	835	1,182	1,490	1,177	1,692	1,822	1,670	1,440	1,497
Accrued Expenses	1,465	1,632	1,799	1,945	2,599	2,405	3,195	3,360	3,216	3,404	3,529
Other Current Liabilities	-	-	-	-	0.00	375	379	365	357	354	406
Total Noncurrent Liabilities	2,443	2,955	4,343	4,547	4,140	8,640	9,725	8,663	10,758	10,661	10,592
Long-Term Debt	1,595	1,910	3,383	3,361	2,896	4,914	5,537	5,144	7,117	7,267	7,314
Other Noncurrent Operating Liabilities	848	1,045	960	1,186	1,244	3,726	4,188	3,519	3,641	3,394	3,278
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	0.00	857	842	832	0.00	0.00
Total Equity & Noncontrolling Interests	3,654	3,587	4,402	4,710	4,411	3,962	6,091	5,590	5,585	5,314	3,865
Total Preferred & Common Equity	3,643	3,572	4,384	4,688	4,386	3,935	6,057	5,590	5,585	5,314	3,865
Total Common Equity	3,643	3,572	4,384	4,688	4,386	3,935	6,057	5,590	5,585	5,314	3,865
Common Stock	2,877	3,167	3,565	3,978	4,409	4,796	5,341	5,802	6,159	6,691	7,018
Retained Earnings	7,004	7,693	8,452	9,040	9,984	10,134	12,244	13,912	13,991	13,427	11,672
Treasury Stock	-5,857	-6,743	-7,149	-7,896	-9,444	-10,330	-11,058	-13,362	-13,631	-13,664	-13,698
Accumulated Other Comprehensive Income / (Loss)	-382	-545	-484	-434	-563	-665	-470	-762	-934	-1,140	-1,127

This table presents Estee Lauder Companies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	19,989	20,731	22,715	23,415	22,650	23,283	22,700	21,677	21,317	19,760	19,886
Total Current Assets	8,866	9,367	11,247	9,139	8,585	8,915	8,534	7,922	7,215	6,896	7,017
Cash & Equivalents	2,938	3,725	5,531	4,029	3,090	3,939	3,701	3,395	2,350	2,586	2,631
Accounts Receivable	2,156	1,932	1,904	1,452	1,909	1,752	1,854	1,727	1,977	1,611	1,792
Inventories, net	3,018	3,069	3,097	2,979	2,863	2,603	2,307	2,175	2,255	2,002	1,959
Prepaid Expenses	754	641	715	679	723	621	672	625	633	697	635
Plant, Property, & Equipment, net	2,654	2,908	3,026	3,179	3,103	3,220	3,133	3,136	3,233	3,049	3,059
Total Noncurrent Assets	8,469	8,456	8,442	11,097	10,962	11,148	11,033	10,619	10,869	9,815	9,810
Goodwill	2,415	2,473	2,468	2,486	2,455	2,497	2,453	2,143	2,162	2,073	2,080
Intangible Assets	3,190	3,097	3,045	5,602	5,515	5,554	5,438	5,183	5,207	4,158	4,129
Other Noncurrent Operating Assets	2,864	2,886	2,929	3,009	2,992	3,097	3,142	3,293	3,500	3,584	3,601
Total Liabilities & Shareholders' Equity	19,989	20,731	22,715	23,415	22,650	23,283	22,700	21,677	21,317	19,760	19,886
Total Liabilities	13,664	14,010	16,019	16,998	16,482	16,721	16,116	16,363	16,233	15,591	15,541
Total Current Liabilities	5,271	5,655	7,700	6,240	5,914	6,574	5,416	5,702	5,486	5,031	4,964
Short-Term Debt	266	260	2,243	997	1,005	1,500	505	504	504	4.00	3.00
Accounts Payable	1,392	1,507	1,520	1,670	1,257	1,252	1,197	1,440	1,135	1,133	1,214
Accrued Expenses	3,273	3,539	3,580	3,216	3,300	3,456	3,351	3,404	3,454	3,497	3,348
Other Current Liabilities	340	349	357	357	352	366	363	354	393	397	399
Total Noncurrent Liabilities	8,393	8,355	8,319	10,758	10,568	10,147	10,700	10,661	10,747	10,560	10,577
Long-Term Debt	5,107	5,111	5,128	7,117	7,088	6,640	7,265	7,267	7,311	7,276	7,298
Other Noncurrent Operating Liabilities	3,286	3,244	3,191	3,641	3,480	3,507	3,435	3,394	3,436	3,284	3,279
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,517	5,902	5,877	5,585	5,342	5,712	5,744	5,314	5,084	4,169	4,345
Total Preferred & Common Equity	5,517	5,902	5,877	5,585	5,342	5,712	5,744	5,314	5,084	4,169	4,345
Total Common Equity	5,517	5,902	5,877	5,585	5,342	5,712	5,744	5,314	5,084	4,169	4,345
Common Stock	5,881	6,006	6,109	6,159	6,255	6,373	6,471	6,691	6,784	6,895	6,972
Retained Earnings	14,185	14,342	14,261	13,991	13,784	13,858	13,950	13,427	13,031	12,313	12,344
Treasury Stock	-13,471	-13,617	-13,618	-13,631	-13,634	-13,663	-13,663	-13,664	-13,674	-13,698	-13,698
Accumulated Other Comprehensive Income / (Loss)	-1,078	-829	-875	-934	-1,063	-856	-1,014	-1,140	-1,057	-1,341	-1,273

This table displays calculated financial ratios and metrics derived from Estee Lauder Companies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.72%	4.47%	4.99%	15.72%	8.62%	-3.83%	13.44%	9.39%	-10.30%	-1.90%	-8.21%
EBITDA Growth	-8.91%	0.50%	6.47%	19.81%	13.78%	-39.78%	131.86%	-5.00%	-41.91%	-20.18%	-98.23%
EBIT Growth	-12.13%	0.25%	5.09%	21.28%	16.08%	-51.34%	197.93%	-8.14%	-52.05%	-35.37%	-181.08%
NOPAT Growth	-9.50%	3.12%	14.04%	-12.41%	55.15%	-77.58%	460.38%	11.27%	-56.61%	-52.90%	-206.93%
Net Income Growth	-9.52%	2.47%	12.04%	-11.07%	60.61%	-61.20%	313.07%	-16.24%	-58.06%	-59.51%	-377.02%
EPS Growth	-7.84%	4.96%	13.18%	-11.94%	63.39%	-61.41%	318.82%	-15.92%	-57.40%	-61.29%	-391.67%
Operating Cash Flow Growth	26.41%	-7.93%	0.06%	43.13%	-1.76%	-9.42%	59.25%	-16.28%	-43.06%	36.34%	-46.10%
Free Cash Flow Firm Growth	65.16%	-15.06%	-147.16%	406.24%	-0.70%	-90.16%	-236.86%	1,078.67%	-169.71%	187.00%	-33.67%
Invested Capital Growth	-6.61%	0.13%	55.99%	-9.81%	2.98%	4.96%	48.92%	4.34%	33.16%	-7.73%	-14.75%
Revenue Q/Q Growth	-1.83%	1.10%	2.14%	3.02%	2.03%	-7.51%	10.24%	-2.07%	0.30%	1.71%	-3.11%
EBITDA Q/Q Growth	-6.77%	-4.05%	5.07%	1.89%	-1.71%	-30.23%	67.65%	-20.36%	-2.83%	-10.50%	-83.67%
EBIT Q/Q Growth	-8.66%	-5.01%	5.42%	1.63%	-2.54%	-40.17%	90.88%	-24.01%	-5.06%	-18.76%	-25.71%
NOPAT Q/Q Growth	-8.67%	-4.60%	13.29%	-4.58%	-1.64%	-58.38%	46.83%	-9.47%	-6.37%	-35.11%	-25.00%
Net Income Q/Q Growth	-8.68%	-5.03%	12.04%	-3.62%	-1.64%	-46.99%	105.21%	-28.61%	-7.51%	-38.31%	-29.78%
EPS Q/Q Growth	-9.03%	-4.82%	12.42%	-3.91%	-1.43%	-47.31%	106.08%	-28.34%	-8.22%	-39.66%	-30.17%
Operating Cash Flow Q/Q Growth	8.28%	-3.64%	4.86%	4.23%	4.96%	-15.74%	16.68%	7.69%	-17.10%	8.01%	-18.46%
Free Cash Flow Firm Q/Q Growth	10.54%	3.53%	-26.52%	6.53%	-4.27%	-28.02%	-108.67%	275.10%	-217.13%	200.06%	-26.61%
Invested Capital Q/Q Growth	-4.72%	-7.24%	0.17%	-3.08%	-2.13%	-10.68%	62.70%	-9.05%	23.03%	-9.04%	-8.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.52%	80.63%	79.41%	79.22%	77.21%	75.15%	76.36%	75.73%	71.31%	71.66%	73.97%
EBITDA Margin	18.69%	17.98%	18.23%	18.88%	19.77%	12.38%	25.31%	21.98%	14.24%	11.58%	0.22%
Operating Margin	14.90%	14.30%	14.41%	15.02%	15.56%	4.24%	16.15%	17.87%	9.48%	6.21%	-5.48%
EBIT Margin	14.90%	14.30%	14.31%	15.00%	16.03%	8.11%	21.30%	17.88%	9.56%	6.30%	-5.56%
Profit (Net Income) Margin	10.15%	9.95%	10.62%	8.16%	12.07%	4.87%	17.73%	13.58%	6.35%	2.62%	-7.91%
Tax Burden Percent	70.08%	72.09%	77.67%	56.41%	77.76%	66.54%	86.31%	79.31%	72.30%	52.98%	108.94%
Interest Burden Percent	97.20%	96.58%	95.57%	96.49%	96.85%	90.25%	96.47%	95.71%	91.85%	78.54%	130.49%
Effective Tax Rate	29.92%	27.91%	22.33%	43.59%	22.24%	33.46%	13.69%	20.69%	27.70%	47.02%	0.00%
Return on Invested Capital (ROIC)	32.61%	34.79%	30.98%	23.41%	37.74%	8.14%	35.77%	32.56%	11.87%	5.09%	-6.12%
ROIC Less NNEP Spread (ROIC-NNEP)	42.78%	48.72%	6.67%	12.72%	35.47%	46.18%	107.12%	22.27%	8.94%	2.61%	-19.43%
Return on Net Nonoperating Assets (RNNOA)	-3.53%	-3.83%	0.46%	1.10%	1.60%	8.49%	16.94%	3.44%	3.86%	1.88%	-18.56%
Return on Equity (ROE)	29.08%	30.96%	31.44%	24.52%	39.34%	16.62%	52.70%	35.99%	15.72%	6.97%	-24.69%
Cash Return on Invested Capital (CROIC)	39.44%	34.67%	-12.77%	33.73%	34.80%	3.29%	-3.54%	28.31%	-16.58%	13.13%	9.80%
Operating Return on Assets (OROA)	19.96%	18.45%	16.28%	17.00%	18.52%	7.49%	17.37%	14.79%	6.86%	4.36%	-3.83%
Return on Assets (ROA)	13.59%	12.85%	12.08%	9.26%	13.95%	4.50%	14.46%	11.23%	4.56%	1.81%	-5.45%
Return on Common Equity (ROCE)	28.98%	30.85%	31.31%	24.41%	39.14%	16.52%	48.27%	31.33%	13.67%	6.48%	-24.69%
Return on Equity Simple (ROE_SIMPLE)	30.03%	31.38%	28.65%	23.83%	40.90%	17.69%	47.47%	43.08%	18.08%	7.70%	0.00%
Net Operating Profit after Tax (NOPAT)	1,126	1,161	1,324	1,159	1,799	403	2,260	2,514	1,091	514	-550
NOPAT Margin	10.44%	10.31%	11.19%	8.47%	12.10%	2.82%	13.94%	14.18%	6.86%	3.29%	-3.84%
Net Nonoperating Expense Percent (NNEP)	-10.17%	-13.92%	24.31%	10.70%	2.27%	-38.05%	-71.35%	10.29%	2.92%	2.48%	13.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	-4.91%
Cost of Revenue to Revenue	19.48%	19.37%	20.59%	20.78%	22.79%	24.85%	23.64%	24.27%	28.69%	28.34%	26.03%
SG&A Expenses to Revenue	65.62%	65.16%	63.09%	62.51%	59.59%	60.42%	57.79%	55.75%	60.18%	61.64%	66.01%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	65.62%	66.34%	65.00%	64.20%	61.65%	70.91%	60.21%	57.86%	61.83%	65.44%	79.45%
Earnings before Interest and Taxes (EBIT)	1,606	1,610	1,692	2,052	2,382	1,159	3,453	3,172	1,521	983	-797
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,015	2,025	2,156	2,583	2,939	1,770	4,104	3,899	2,265	1,808	32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.11	8.58	7.46	10.47	14.32	16.48	18.31	15.79	12.33	7.18	7.52
Price to Tangible Book Value (P/TBV)	13.60	15.33	28.67	33.03	47.75	330.78	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.74	2.72	2.77	3.59	4.23	4.54	6.84	4.98	4.33	2.44	2.03
Price to Earnings (P/E)	27.12	27.50	26.19	44.30	35.18	94.78	38.65	36.92	68.44	97.82	0.00
Dividend Yield	1.18%	1.37%	1.48%	1.11%	0.96%	1.01%	0.68%	0.94%	1.34%	2.48%	2.12%
Earnings Yield	3.69%	3.64%	3.82%	2.26%	2.84%	1.06%	2.59%	2.71%	1.46%	1.02%	0.00%
Enterprise Value to Invested Capital (EV/IC)	8.77	9.12	6.44	10.45	13.08	13.00	14.87	11.48	7.02	4.39	4.05
Enterprise Value to Revenue (EV/Rev)	2.71	2.70	2.84	3.59	4.26	4.62	6.93	5.10	4.64	2.72	2.34
Enterprise Value to EBITDA (EV/EBITDA)	14.50	15.03	15.55	19.01	21.52	37.27	27.40	23.22	32.57	23.52	1,045.75
Enterprise Value to EBIT (EV/EBIT)	18.20	18.90	19.82	23.92	26.55	56.92	32.56	28.54	48.50	43.26	0.00
Enterprise Value to NOPAT (EV/NOPAT)	25.96	26.22	25.34	42.34	35.16	163.61	49.76	36.01	67.61	82.75	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	15.04	17.01	18.73	19.16	25.13	28.94	30.97	29.78	42.61	18.02	26.31
Enterprise Value to Free Cash Flow (EV/FCFF)	21.46	26.31	0.00	29.39	38.13	404.18	0.00	41.41	0.00	32.07	38.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.44	0.63	0.81	0.75	0.77	1.55	0.80	0.84	1.26	1.46	1.89
Long-Term Debt to Equity	0.44	0.53	0.77	0.71	0.66	1.24	0.80	0.80	1.11	1.37	1.89
Financial Leverage	-0.08	-0.08	0.07	0.09	0.05	0.18	0.16	0.15	0.43	0.72	0.96
Leverage Ratio	2.14	2.41	2.60	2.65	2.82	3.69	3.64	3.20	3.45	3.84	4.53
Compound Leverage Factor	2.08	2.33	2.49	2.56	2.73	3.33	3.51	3.07	3.17	3.02	5.91
Debt to Total Capital	30.78%	38.46%	44.80%	42.94%	43.62%	60.76%	44.49%	45.69%	55.84%	59.39%	65.44%
Short-Term Debt to Total Capital	0.56%	5.70%	2.37%	2.22%	6.60%	12.10%	0.26%	2.26%	6.86%	3.85%	0.03%
Long-Term Debt to Total Capital	30.21%	32.77%	42.43%	40.72%	37.02%	48.66%	44.24%	43.43%	48.98%	55.54%	65.41%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.21%	0.26%	0.23%	0.27%	0.32%	0.27%	7.12%	7.11%	5.73%	0.00%	0.00%
Common Equity to Total Capital	69.01%	61.28%	54.98%	56.80%	56.07%	38.97%	48.39%	47.20%	38.44%	40.61%	34.56%
Debt to EBITDA	0.81	1.11	1.66	1.37	1.16	3.47	1.36	1.39	3.58	4.30	228.66
Net Debt to EBITDA	-0.16	-0.12	0.37	-0.01	0.14	0.63	0.15	0.37	1.80	2.42	137.38
Long-Term Debt to EBITDA	0.79	0.94	1.57	1.30	0.99	2.78	1.35	1.32	3.14	4.02	228.56
Debt to NOPAT	1.44	1.93	2.70	3.06	1.90	15.22	2.46	2.15	7.44	15.12	-13.32
Net Debt to NOPAT	-0.28	-0.21	0.61	-0.01	0.24	2.76	0.27	0.58	3.74	8.52	-8.00
Long-Term Debt to NOPAT	1.42	1.65	2.56	2.90	1.61	12.19	2.45	2.05	6.52	14.14	-13.31
Altman Z-Score	7.32	6.43	5.49	6.66	7.34	4.88	6.71	6.14	4.31	3.26	2.60
Noncontrolling Interest Sharing Ratio	0.34%	0.36%	0.41%	0.44%	0.52%	0.62%	8.41%	12.95%	13.03%	7.09%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.96	1.58	1.76	1.86	1.57	1.72	1.84	1.60	1.46	1.39	1.30
Quick Ratio	1.27	0.99	1.11	1.27	1.05	1.20	1.26	0.96	0.88	0.90	0.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,362	1,156	-545	1,670	1,659	163	-223	2,186	-1,524	1,326	880
Operating Cash Flow to CapEx	410.78%	340.76%	363.82%	407.31%	339.22%	365.97%	570.02%	292.31%	172.58%	256.80%	212.35%
Free Cash Flow to Firm to Interest Expense	22.69	16.29	-5.30	13.05	12.47	1.01	-1.29	13.09	-5.98	3.51	2.46
Operating Cash Flow to Interest Expense	32.38	25.20	17.38	20.02	18.92	14.16	20.99	18.20	6.79	6.24	3.56
Operating Cash Flow Less CapEx to Interest Expense	24.50	17.80	12.60	15.10	13.35	10.29	17.31	11.98	2.85	3.81	1.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.34	1.29	1.14	1.13	1.16	0.92	0.82	0.83	0.72	0.69	0.69
Accounts Receivable Turnover	8.44	9.26	8.91	9.50	8.96	9.45	11.20	10.65	10.33	9.82	8.80
Inventory Turnover	1.67	1.76	1.77	1.84	1.87	1.75	1.68	1.59	1.55	1.72	1.76
Fixed Asset Turnover	7.20	7.33	7.27	7.83	7.64	6.93	7.48	7.20	5.46	4.94	4.54
Accounts Payable Turnover	3.62	3.23	3.14	2.82	2.54	2.66	2.67	2.45	2.61	2.85	2.54
Days Sales Outstanding (DSO)	43.23	39.42	40.95	38.44	40.74	38.62	32.59	34.27	35.34	37.17	41.49
Days Inventory Outstanding (DIO)	218.11	207.50	205.67	198.74	195.27	209.01	217.39	229.98	235.88	212.61	207.95
Days Payable Outstanding (DPO)	100.80	113.17	116.37	129.43	143.97	137.03	136.57	148.97	139.63	128.29	143.74
Cash Conversion Cycle (CCC)	160.55	133.76	130.25	107.74	92.04	110.60	113.42	115.29	131.59	121.49	105.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,334	3,338	5,207	4,696	4,836	5,076	7,559	7,887	10,502	9,690	8,261
Invested Capital Turnover	3.12	3.38	2.77	2.76	3.12	2.88	2.57	2.30	1.73	1.55	1.60
Increase / (Decrease) in Invested Capital	-236	4.20	1,869	-511	140	240	2,483	328	2,615	-812	-1,429
Enterprise Value (EV)	29,221	30,431	33,533	49,091	63,247	65,973	112,434	90,544	73,763	42,527	33,464
Market Capitalization	29,531	30,665	32,710	49,083	62,797	64,832	110,932	88,247	68,846	38,151	29,068
Book Value per Share	$9.63	$9.67	$11.92	$12.77	$12.12	$10.93	$16.71	$15.64	$15.63	$14.82	$10.74
Tangible Book Value per Share	$5.74	$5.42	$3.10	$4.05	$3.63	$0.54	($1.80)	($1.00)	($7.00)	($5.61)	($5.64)
Total Capital	5,279	5,829	7,974	8,254	7,823	10,098	12,517	11,844	14,531	13,085	11,182
Total Debt	1,625	2,242	3,572	3,544	3,412	6,136	5,569	5,412	8,114	7,771	7,317
Total Long-Term Debt	1,595	1,910	3,383	3,361	2,896	4,914	5,537	5,144	7,117	7,267	7,314
Net Debt	-321	-249	805	-14	425	1,114	611	1,455	4,085	4,376	4,396
Capital Expenditures (CapEx)	473	525	492	629	742	623	637	1,040	1,003	919	599
Debt-free, Cash-free Net Working Capital (DFCFNWC)	559	493	589	326	136	-87	-456	-206	-133	-671	-1,284
Debt-free Net Working Capital (DFNWC)	2,084	1,876	2,330	3,041	3,123	4,935	4,502	3,751	3,896	2,724	1,637
Net Working Capital (NWC)	2,054	1,544	2,141	2,858	2,607	3,713	4,470	3,483	2,899	2,220	1,634
Net Nonoperating Expense (NNE)	32	40	68	42	4.67	-293	-615	106	81	105	584
Net Nonoperating Obligations (NNO)	-321	-249	805	-14	425	1,114	611	1,455	4,085	4,376	4,396
Total Depreciation and Amortization (D&A)	409	415	464	531	557	611	651	727	744	825	829
Debt-free, Cash-free Net Working Capital to Revenue	5.18%	4.38%	4.98%	2.38%	0.92%	-0.61%	-2.81%	-1.16%	-0.84%	-4.30%	-8.96%
Debt-free Net Working Capital to Revenue	19.33%	16.66%	19.71%	22.22%	21.01%	34.53%	27.76%	21.15%	24.49%	17.45%	11.43%
Net Working Capital to Revenue	19.05%	13.71%	18.11%	20.89%	17.54%	25.98%	27.57%	19.64%	18.22%	14.22%	11.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.87	$3.01	$3.40	$3.01	$4.91	$1.90	$7.91	$6.64	$2.81	$1.09	($3.15)
Adjusted Weighted Average Basic Shares Outstanding	379.30M	370M	367.10M	368M	363.50M	360.60M	362.90M	360M	357.90M	359M	360.10M
Adjusted Diluted Earnings per Share	$2.82	$2.96	$3.35	$2.95	$4.82	$1.86	$7.79	$6.55	$2.79	$1.08	($3.15)
Adjusted Weighted Average Diluted Shares Outstanding	385.70M	376.60M	373M	375.70M	370.40M	366.90M	368.20M	364.90M	360.90M	360.80M	360.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	372.91M	365.71M	367.96M	367.19M	360.76M	360.80M	361.29M	356.90M	357.69M	358.72M	359.89M
Normalized Net Operating Profit after Tax (NOPAT)	1,126	1,257	1,499	1,290	2,037	1,401	2,598	2,811	1,280	828	799
Normalized NOPAT Margin	10.44%	11.16%	12.68%	9.43%	13.70%	9.80%	16.02%	15.85%	8.05%	5.31%	5.58%
Pre Tax Income Margin	14.48%	13.81%	13.68%	14.47%	15.52%	7.32%	20.54%	17.12%	8.78%	4.95%	-7.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	26.77	22.68	16.43	16.03	17.91	7.20	19.96	18.99	5.96	2.60	-2.23
NOPAT to Interest Expense	18.76	16.35	12.85	9.06	13.52	2.50	13.06	15.06	4.28	1.36	-1.54
EBIT Less CapEx to Interest Expense	18.88	15.28	11.65	11.12	12.33	3.33	16.28	12.77	2.03	0.17	-3.91
NOPAT Less CapEx to Interest Expense	10.88	8.95	8.07	4.14	7.94	-1.37	9.38	8.83	0.35	-1.07	-3.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	32.54%	38.09%	38.93%	49.24%	34.28%	73.71%	26.47%	35.51%	91.58%	231.54%	-56.40%
Augmented Payout Ratio	122.39%	117.48%	71.82%	117.19%	120.96%	202.01%	51.97%	131.40%	118.42%	422.25%	-59.49%

This table displays calculated financial ratios and metrics derived from Estee Lauder Companies' official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-16.59%	-11.64%	1.35%	-10.48%	-7.38%	5.04%	7.26%	-4.46%	-6.43%	-9.90%	-11.88%
EBITDA Growth	-53.84%	-46.80%	-25.38%	-64.01%	5.82%	51.22%	-109.28%	-71.95%	-148.08%	-31.85%	-911.11%
EBIT Growth	-60.70%	-59.27%	-102.53%	-84.94%	3.41%	77.74%	-11,350.00%	-223.00%	-201.04%	-43.74%	-71.18%
NOPAT Growth	-62.74%	-72.67%	-104.25%	-85.01%	-13.64%	122.62%	-4,560.00%	-210.44%	-213.30%	-44.84%	-67.38%
Net Income Growth	-63.58%	-72.95%	-164.00%	-92.65%	-18.39%	116.13%	-793.75%	-533.33%	-282.10%	-52.54%	-90.91%
EPS Growth	-63.30%	-71.90%	-147.06%	-93.33%	-20.18%	111.63%	-887.50%	-577.78%	-288.51%	-51.65%	-92.41%
Operating Cash Flow Growth	-27.30%	116.26%	-33.33%	37.23%	-4.00%	100.75%	24.51%	-64.22%	-21.41%	-46.82%	-32.40%
Free Cash Flow Firm Growth	88.73%	108.77%	-965.69%	-11,978.92%	-898.41%	-682.86%	124.78%	123.02%	173.32%	205.08%	78.15%
Invested Capital Growth	7.99%	-1.57%	33.16%	27.52%	28.64%	24.80%	-7.73%	-5.57%	-17.65%	-15.38%	-14.75%
Revenue Q/Q Growth	17.56%	-18.81%	-3.79%	-2.52%	21.63%	-7.92%	-1.75%	-13.17%	19.13%	-11.34%	-3.92%
EBITDA Q/Q Growth	-12.23%	-33.69%	-60.41%	56.19%	158.09%	-5.24%	-102.43%	572.22%	-542.35%	234.31%	-136.04%
EBIT Q/Q Growth	-15.96%	-46.06%	-100.66%	5,100.00%	477.00%	-7.28%	-142.80%	46.29%	-373.98%	151.63%	-230.23%
NOPAT Q/Q Growth	-18.91%	-60.37%	-102.13%	2,291.30%	367.22%	2.14%	-144.56%	48.07%	-379.34%	149.73%	-235.23%
Net Income Q/Q Growth	-18.98%	-60.96%	-120.65%	212.50%	800.00%	3.40%	-185.37%	45.45%	-278.21%	126.95%	-443.40%
EPS Q/Q Growth	-19.26%	-60.55%	-118.60%	212.50%	866.67%	4.60%	-186.81%	45.57%	-281.40%	126.83%	-445.45%
Operating Cash Flow Q/Q Growth	315.54%	-81.01%	168.42%	-157.14%	429.66%	-60.30%	66.48%	-175.37%	257.76%	-73.13%	111.62%
Free Cash Flow Firm Q/Q Growth	-956.07%	247.20%	-971.64%	10.85%	12.71%	14.07%	137.06%	-17.20%	178.06%	23.15%	-37.17%
Invested Capital Q/Q Growth	-4.49%	2.02%	23.03%	6.37%	-3.65%	-1.02%	-9.04%	8.86%	-15.98%	1.72%	-8.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	73.61%	69.10%	67.78%	69.59%	73.03%	71.90%	71.76%	72.39%	76.10%	74.96%	72.00%
EBITDA Margin	16.00%	13.06%	5.38%	8.61%	18.28%	18.81%	-0.47%	2.53%	-9.39%	14.23%	-5.34%
Operating Margin	12.03%	7.92%	-0.14%	2.79%	13.41%	13.48%	-6.02%	-3.60%	-14.49%	8.62%	-11.43%
EBIT Margin	12.08%	8.02%	-0.06%	2.84%	13.48%	13.58%	-5.92%	-3.66%	-14.56%	8.48%	-11.49%
Profit (Net Income) Margin	8.59%	4.13%	-0.89%	1.02%	7.57%	8.50%	-7.39%	-4.64%	-14.74%	4.48%	-16.01%
Tax Burden Percent	74.62%	55.36%	66.67%	78.26%	62.43%	68.93%	102.51%	86.67%	90.77%	65.98%	121.06%
Interest Burden Percent	95.34%	93.02%	2,400.00%	46.00%	89.95%	90.84%	121.83%	146.34%	111.49%	80.07%	115.05%
Effective Tax Rate	25.38%	44.64%	0.00%	21.74%	37.57%	31.07%	0.00%	0.00%	0.00%	34.02%	0.00%
Return on Invested Capital (ROIC)	18.23%	8.08%	-0.17%	3.39%	13.27%	14.86%	-6.51%	-3.59%	-15.68%	8.55%	-12.77%
ROIC Less NNEP Spread (ROIC-NNEP)	16.67%	7.54%	-1.20%	2.30%	12.10%	13.81%	-9.42%	-4.95%	-19.82%	7.57%	-19.00%
Return on Net Nonoperating Assets (RNNOA)	2.78%	1.90%	-0.52%	1.37%	5.32%	6.14%	-6.79%	-4.60%	-16.43%	6.05%	-18.16%
Return on Equity (ROE)	21.01%	9.98%	-0.68%	4.76%	18.59%	21.00%	-13.31%	-8.19%	-32.11%	14.60%	-30.93%
Cash Return on Invested Capital (CROIC)	12.21%	15.12%	-16.58%	-17.68%	-18.94%	-13.81%	13.13%	8.48%	16.49%	12.19%	9.80%
Operating Return on Assets (OROA)	9.23%	5.78%	-0.04%	2.07%	9.29%	9.18%	-4.10%	-2.57%	-10.27%	5.89%	-7.92%
Return on Assets (ROA)	6.57%	2.97%	-0.64%	0.74%	5.22%	5.75%	-5.11%	-3.26%	-10.39%	3.11%	-11.03%
Return on Common Equity (ROCE)	18.43%	8.73%	-0.59%	4.14%	16.26%	18.38%	-12.36%	-7.59%	-29.57%	13.48%	-30.93%
Return on Equity Simple (ROE_SIMPLE)	25.58%	18.58%	0.00%	10.41%	8.46%	11.54%	0.00%	4.27%	-16.72%	-20.09%	0.00%
Net Operating Profit after Tax (NOPAT)	415	164	-3.50	77	358	366	-163	-85	-406	202	-273
NOPAT Margin	8.98%	4.38%	-0.10%	2.18%	8.37%	9.29%	-4.21%	-2.52%	-10.14%	5.69%	-8.00%
Net Nonoperating Expense Percent (NNEP)	1.56%	0.54%	1.03%	1.09%	1.17%	1.05%	2.91%	1.36%	4.14%	0.98%	6.22%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	2.59%	-	-	-	-3.55%	1.73%	-2.44%
Cost of Revenue to Revenue	26.39%	30.90%	32.23%	30.42%	26.97%	28.10%	28.24%	27.61%	23.90%	25.04%	28.00%
SG&A Expenses to Revenue	56.93%	60.81%	67.05%	66.77%	59.45%	57.97%	63.14%	68.37%	64.56%	63.61%	67.87%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	61.58%	61.18%	67.91%	66.80%	59.62%	58.43%	77.78%	75.99%	90.58%	66.34%	83.44%
Earnings before Interest and Taxes (EBIT)	558	301	-2.00	100	577	535	-229	-123	-583	301	-392
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	739	490	194	303	782	741	-18	85	-376	505	-182
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.62	14.64	12.33	9.46	8.96	9.57	7.18	7.03	6.46	5.46	7.52
Price to Tangible Book Value (P/TBV)	259.96	236.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.28	5.43	4.33	3.26	3.38	3.58	2.44	2.31	1.77	1.61	2.03
Price to Earnings (P/E)	57.81	78.89	68.44	92.25	109.63	85.74	97.82	176.16	0.00	0.00	0.00
Dividend Yield	1.02%	1.05%	1.34%	1.87%	1.85%	1.72%	2.48%	2.65%	3.11%	3.06%	2.12%
Earnings Yield	1.73%	1.27%	1.46%	1.08%	0.91%	1.17%	1.02%	0.57%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	10.61	10.39	7.02	5.05	5.23	5.62	4.39	3.91	3.57	3.15	4.05
Enterprise Value to Revenue (EV/Rev)	5.43	5.59	4.64	3.64	3.71	3.90	2.72	2.67	2.08	1.92	2.34
Enterprise Value to EBITDA (EV/EBITDA)	32.14	38.06	32.57	32.67	31.80	29.64	23.52	25.93	73.17	144.96	1,045.75
Enterprise Value to EBIT (EV/EBIT)	43.52	55.38	48.50	58.92	57.63	49.48	43.26	54.24	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	55.38	76.15	67.61	86.83	96.28	75.60	82.75	138.12	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	45.64	42.49	42.61	28.58	29.34	27.40	18.02	19.65	17.46	18.21	26.31
Enterprise Value to Free Cash Flow (EV/FCFF)	90.21	68.19	0.00	0.00	0.00	0.00	32.07	44.79	19.54	23.71	38.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.80	1.10	1.26	1.31	1.24	1.18	1.46	1.54	1.75	1.68	1.89
Long-Term Debt to Equity	0.76	0.77	1.11	1.15	1.01	1.10	1.37	1.44	1.75	1.68	1.89
Financial Leverage	0.17	0.25	0.43	0.60	0.44	0.45	0.72	0.93	0.83	0.80	0.96
Leverage Ratio	3.10	3.21	3.45	3.41	3.31	3.42	3.84	3.91	4.01	3.90	4.53
Compound Leverage Factor	2.95	2.98	82.79	1.57	2.98	3.11	4.68	5.72	4.47	3.12	5.21
Debt to Total Capital	44.42%	52.40%	55.84%	56.75%	55.37%	54.13%	59.39%	60.59%	63.59%	62.69%	65.44%
Short-Term Debt to Total Capital	2.15%	15.95%	6.86%	7.05%	10.20%	3.52%	3.85%	3.91%	0.03%	0.03%	0.03%
Long-Term Debt to Total Capital	42.27%	36.45%	48.98%	49.70%	45.16%	50.61%	55.54%	56.68%	63.55%	62.67%	65.41%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	6.77%	5.82%	5.73%	5.79%	5.78%	5.85%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	48.81%	41.78%	38.44%	37.46%	38.85%	40.02%	40.61%	39.41%	36.41%	37.31%	34.56%
Debt to EBITDA	1.94	3.16	3.58	4.69	4.60	3.85	4.30	4.92	16.85	37.25	228.66
Net Debt to EBITDA	0.60	0.79	1.80	2.90	2.37	2.01	2.42	3.44	10.87	23.83	137.38
Long-Term Debt to EBITDA	1.85	2.20	3.14	4.11	3.75	3.60	4.02	4.60	16.84	37.23	228.56
Debt to NOPAT	3.35	6.33	7.44	12.46	13.93	9.81	15.12	26.18	-25.81	-16.61	-13.32
Net Debt to NOPAT	1.03	1.58	3.74	7.70	7.19	5.14	8.52	18.31	-16.64	-10.62	-8.00
Long-Term Debt to NOPAT	3.19	4.40	6.52	10.92	11.37	9.17	14.14	24.49	-25.79	-16.60	-13.31
Altman Z-Score	5.76	5.03	4.09	3.53	3.52	3.83	3.07	2.98	2.69	2.70	2.66
Noncontrolling Interest Sharing Ratio	12.26%	12.51%	13.03%	13.08%	12.56%	12.49%	7.09%	7.34%	7.92%	7.69%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.66	1.46	1.46	1.45	1.36	1.58	1.39	1.32	1.37	1.41	1.30
Quick Ratio	1.00	0.97	0.88	0.85	0.87	1.03	0.90	0.79	0.83	0.89	0.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-204	300	-2,619	-2,334	-2,038	-1,751	649	537	1,494	1,840	1,156
Operating Cash Flow to CapEx	524.72%	114.16%	203.42%	-138.31%	579.74%	305.14%	409.68%	-475.18%	800.76%	232.79%	290.34%
Free Cash Flow to Firm to Interest Expense	-3.92	5.18	-26.45	-24.57	-20.79	-18.63	7.13	5.84	16.60	21.15	13.14
Operating Cash Flow to Interest Expense	26.94	4.59	7.21	-4.29	13.72	5.68	9.77	-7.28	11.74	3.26	6.83
Operating Cash Flow Less CapEx to Interest Expense	21.81	0.57	3.67	-7.40	11.36	3.82	7.38	-8.82	10.28	1.86	4.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.72	0.72	0.73	0.69	0.68	0.69	0.70	0.71	0.69	0.69
Accounts Receivable Turnover	8.16	7.71	10.33	7.63	8.23	8.17	9.82	7.95	9.03	8.11	8.80
Inventory Turnover	1.50	1.50	1.55	1.57	1.60	1.66	1.72	1.67	1.77	1.81	1.76
Fixed Asset Turnover	6.10	5.75	5.46	5.38	4.95	4.98	4.94	4.88	4.84	4.78	4.54
Accounts Payable Turnover	2.71	2.96	2.61	3.48	3.30	3.31	2.85	3.58	3.43	3.21	2.54
Days Sales Outstanding (DSO)	44.75	47.32	35.34	47.87	44.36	44.69	37.17	45.90	40.44	45.00	41.49
Days Inventory Outstanding (DIO)	242.98	244.06	235.88	232.77	227.70	219.45	212.61	218.13	205.73	201.33	207.95
Days Payable Outstanding (DPO)	134.55	123.12	139.63	104.85	110.76	110.34	128.29	101.95	106.55	113.79	143.74
Cash Conversion Cycle (CCC)	153.18	168.26	131.59	175.79	161.30	153.81	121.49	162.08	139.62	132.55	105.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,367	8,536	10,502	11,171	10,763	10,653	9,690	10,549	8,863	9,015	8,261
Invested Capital Turnover	2.03	1.84	1.73	1.56	1.58	1.60	1.55	1.42	1.55	1.50	1.60
Increase / (Decrease) in Invested Capital	619	-136	2,615	2,411	2,396	2,117	-812	-622	-1,900	-1,638	-1,429
Enterprise Value (EV)	88,771	88,723	73,763	56,384	56,249	59,867	42,527	41,226	31,610	28,411	33,464
Market Capitalization	86,306	86,064	68,846	50,555	51,198	54,958	38,151	35,761	26,916	23,741	29,068
Book Value per Share	$16.54	$16.45	$15.63	$14.93	$15.96	$16.02	$14.82	$14.17	$11.61	$12.08	$10.74
Tangible Book Value per Share	$0.93	$1.02	($7.00)	($7.35)	($6.54)	($5.99)	($5.61)	($6.37)	($5.74)	($5.18)	($5.64)
Total Capital	12,092	14,067	14,531	14,261	14,702	14,354	13,085	12,899	11,449	11,646	11,182
Total Debt	5,371	7,371	8,114	8,093	8,140	7,770	7,771	7,815	7,280	7,301	7,317
Total Long-Term Debt	5,111	5,128	7,117	7,088	6,640	7,265	7,267	7,311	7,276	7,298	7,314
Net Debt	1,646	1,840	4,085	5,003	4,201	4,069	4,376	5,465	4,694	4,670	4,396
Capital Expenditures (CapEx)	267	233	351	295	232	175	217	141	132	122	207
Debt-free, Cash-free Net Working Capital (DFCFNWC)	247	259	-133	586	-98	-78	-671	-117	-717	-575	-1,284
Debt-free Net Working Capital (DFNWC)	3,972	5,790	3,896	3,676	3,841	3,623	2,724	2,233	1,869	2,056	1,637
Net Working Capital (NWC)	3,712	3,547	2,899	2,671	2,341	3,118	2,220	1,729	1,865	2,053	1,634
Net Nonoperating Expense (NNE)	18	9.41	29	41	34	31	123	71	184	43	273
Net Nonoperating Obligations (NNO)	1,646	1,840	4,085	5,003	4,201	4,069	4,376	5,465	4,694	4,670	4,396
Total Depreciation and Amortization (D&A)	181	189	196	203	205	206	211	208	207	204	210
Debt-free, Cash-free Net Working Capital to Revenue	1.51%	1.63%	-0.84%	3.78%	-0.65%	-0.51%	-4.30%	-0.76%	-4.72%	-3.89%	-8.96%
Debt-free Net Working Capital to Revenue	24.28%	36.50%	24.49%	23.72%	25.34%	23.61%	17.45%	14.45%	12.32%	13.91%	11.43%
Net Working Capital to Revenue	22.70%	22.36%	18.22%	17.23%	15.45%	20.32%	14.22%	11.19%	12.29%	13.88%	11.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.10	$0.44	($0.10)	$0.09	$0.87	$0.92	($0.79)	($0.43)	($1.64)	$0.44	($1.52)
Adjusted Weighted Average Basic Shares Outstanding	357.70M	357.90M	357.90M	358.40M	358.70M	359.10M	359M	359.60M	360M	360.30M	360.10M
Adjusted Diluted Earnings per Share	$1.09	$0.43	($0.08)	$0.09	$0.87	$0.91	($0.79)	($0.43)	($1.64)	$0.44	($1.52)
Adjusted Weighted Average Diluted Shares Outstanding	360.40M	361.20M	360.90M	360.50M	360M	360.80M	360.80M	359.60M	360M	361.40M	360.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	357.22M	357.41M	357.69M	357.85M	358.47M	358.56M	358.72M	358.98M	359.72M	359.75M	359.89M
Normalized Net Operating Profit after Tax (NOPAT)	575	172	18	77	363	378	-96	95	323	266	-199
Normalized NOPAT Margin	12.45%	4.59%	0.50%	2.20%	8.48%	9.60%	-2.48%	2.81%	8.08%	7.49%	-5.83%
Pre Tax Income Margin	11.52%	7.46%	-1.33%	1.31%	12.13%	12.34%	-7.21%	-5.36%	-16.23%	6.79%	-13.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.73	5.19	-0.02	1.05	5.89	5.69	-2.52	-1.34	-6.48	3.46	-4.45
NOPAT to Interest Expense	7.98	2.83	-0.04	0.81	3.66	3.89	-1.79	-0.92	-4.51	2.32	-3.10
EBIT Less CapEx to Interest Expense	5.60	1.17	-3.57	-2.05	3.52	3.83	-4.90	-2.87	-7.94	2.06	-6.81
NOPAT Less CapEx to Interest Expense	2.84	-1.18	-3.58	-2.30	1.29	2.03	-4.18	-2.45	-5.98	0.92	-5.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	59.40%	84.07%	91.58%	170.14%	196.27%	142.99%	231.54%	438.25%	-120.37%	-85.91%	-56.40%
Augmented Payout Ratio	134.77%	136.17%	118.42%	199.64%	206.00%	150.08%	422.25%	800.92%	-232.57%	-175.37%	-59.49%

Key Financial Trends

Estee Lauder Companies (NYSE: EL) has experienced mixed financial performance over the last several quarters, with some fluctuations in revenue, profitability, and cash flow metrics. Here is a summary of key trends and factors impacting the company based on its most recent quarterly financial statements from Q3 2022 through Q4 2025.

Revenue Growth: Operating revenue grew from approximately $3.56 billion in Q4 2022 to a peak near $4.27 billion in Q2 2024, indicating strong top-line expansion in recent years.
Improved Operating Cash Flow: Cash generated from continuing operations increased significantly from about $123 million in Q3 2022 to over $1.05 billion in Q2 2025, demonstrating better operational cash conversion.
Consistent Dividend Payments: Estee Lauder continued to pay dividends throughout the period, with dividend per share increasing modestly from $0.60 in early 2022 to $0.66 by 2025, showing a commitment to shareholder returns.
Gross Profit Margin Stability: Gross profit remained robust, generally around $2.5 billion to $3 billion range each quarter, maintaining healthy margin levels relative to revenues.

Share Count: The weighted average shares outstanding remained fairly flat around 360 million shares, indicating no major dilution or buybacks affecting ownership.
Capital Expenditures (CapEx): Investments in property, plant, and equipment fluctuated but averaged around $200-300 million per quarter, reflecting ongoing investment in infrastructure.
Debt Levels: Long-term debt remained relatively steady in the $5.1 billion to $7.3 billion range, suggesting stable leverage without aggressive deleveraging or new borrowing.
Goodwill and Intangible Assets: Goodwill and intangibles consistently represented a significant portion of noncurrent assets, around $4-8 billion combined, indicative of past acquisitions and brand value.

Recent Quarterly Losses: In Q4 2025, the company reported a net loss of $546 million, with negative operating income and pre-tax income, marking a significant downturn compared to profitable quarters earlier in 2025 and previous years.
Elevated Operating Expenses: Selling, General & Administrative (SG&A) expenses increased sharply in recent quarters, reaching $2.58 billion in Q2 2025 and $2.31 billion in Q4 2025, which hampered profitability.
Restructuring and Special Charges: Multiple quarters reflected substantial restructuring charges, peaking at $181 million in Q2 2025 and $106 million in Q4 2025, indicating ongoing cost adjustments and possibly operational challenges.
Declining Operating Income: Operating income declined from positive $661 million in Q1 2023 to negative $390 million in Q4 2025, showing pressure on the company’s core profit generation.
Negative Earnings per Share: Q4 2025 reported a diluted EPS of -$1.52, a marked deterioration from positive EPS consistently seen in earlier periods, which hurts investor sentiment.
Negative Net Cash From Operating Activities in Early 2025: Q1 2025 showed a negative operating cash flow of -$670 million, highlighting temporary liquidity strain in that quarter despite recovery in subsequent quarters.

Summary:

Estee Lauder has shown strong revenue growth and consistent cash flow generation throughout most of the multi-year period analyzed. However, recent quarters in 2025 show financial stress with losses driven by rising costs, restructuring expenses, and declining operating income. The company continues to invest in growth and pays steady dividends, but current headwinds suggest challenges that investors should watch closely, particularly related to cost control and return to profitability.

09/02/25 11:07 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Estee Lauder Companies' Financials

When does Estee Lauder Companies' fiscal year end?

According to the most recent income statement we have on file, Estee Lauder Companies' financial year ends in June. Their financial year 2025 ended on June 30, 2025.

How has Estee Lauder Companies' net income changed over the last 10 years?

Estee Lauder Companies' net income appears to be on a downward trend, with a most recent value of -$1.13 billion in 2025, falling from $1.09 billion in 2015. The previous period was $409 million in 2024. See Estee Lauder Companies' forecast for analyst expectations on what’s next for the company.

What is Estee Lauder Companies' operating income?

Estee Lauder Companies' total operating income in 2025 was -$785 million, based on the following breakdown:

Total Gross Profit: $10.60 billion
Total Operating Expenses: $11.38 billion

How has Estee Lauder Companies' revenue changed over the last 10 years?

Over the last 10 years, Estee Lauder Companies' total revenue changed from $10.78 billion in 2015 to $14.33 billion in 2025, a change of 32.9%.

How much debt does Estee Lauder Companies have?

Estee Lauder Companies' total liabilities were at $16.03 billion at the end of 2025, a 2.1% decrease from 2024, and a 250.5% increase since 2015.

How much cash does Estee Lauder Companies have?

In the past 10 years, Estee Lauder Companies' cash and equivalents has ranged from $914 million in 2016 to $5.02 billion in 2020, and is currently $2.92 billion as of their latest financial filing in 2025.

How has Estee Lauder Companies' book value per share changed over the last 10 years?

Over the last 10 years, Estee Lauder Companies' book value per share changed from 9.63 in 2015 to 10.74 in 2025, a change of 11.6%.

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This page (NYSE:EL) was last updated on 9/3/2025 by MarketBeat.com Staff

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Estee Lauder Companies (EL) Financials

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Estee Lauder Companies (EL) Financials

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