Estee Lauder Companies (EL) Financials

$93.35 +1.65 (+1.80%)

As of 10:20 AM 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2014	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
Net Income / (Loss) Attributable to Common Shareholders	1,204	1,089	1,115	1,249	1,108	1,785	684	2,870	2,390	1,006	390
Consolidated Net Income / (Loss)	1,209	1,094	1,121	1,256	1,117	1,794	696	2,875	2,408	1,010	409
Net Income / (Loss) Continuing Operations	1,209	1,094	1,121	1,256	1,117	1,794	696	2,875	2,408	1,010	409
Total Pre-Tax Income	1,777	1,561	1,555	1,617	1,980	2,307	1,046	3,331	3,036	1,397	772
Total Operating Income	1,828	1,606	1,610	1,704	2,055	2,313	606	2,618	3,170	1,509	970
Total Gross Profit	8,811	8,680	9,081	9,390	10,839	11,476	10,742	12,381	13,432	11,346	11,184
Total Revenue	10,969	10,780	11,262	11,824	13,683	14,863	14,294	16,215	17,737	15,910	15,608
Operating Revenue	10,969	10,780	11,262	11,824	13,683	14,863	14,294	16,215	17,737	15,910	15,608
Total Cost of Revenue	2,158	2,100	2,181	2,434	2,844	3,387	3,552	3,834	4,305	4,564	4,424
Operating Cost of Revenue	2,158	2,100	2,181	2,434	2,844	3,387	3,552	3,834	4,305	4,564	4,424
Total Operating Expenses	6,983	7,074	7,471	7,686	8,784	9,163	10,136	9,763	10,262	9,837	10,214
Selling, General & Admin Expense	6,986	7,074	7,338	7,460	8,553	8,857	8,637	9,371	9,888	9,575	9,621
Other Operating Expenses / (Income)	-	-	-	0.00	-	-	-	-	-1.00	0.00	0.00
Impairment Charge	-	0.00	0.00	31	0.00	90	1,426	188	241	207	471
Restructuring Charge	-2.90	0.00	133	195	231	216	73	204	133	55	122
Total Other Income / (Expense), net	-51	-45	-55	-87	-75	-6.00	440	713	-135	-112	-198
Interest Expense	59	60	71	103	128	133	161	173	167	255	378
Interest & Investment Income	8.60	15	16	28	56	58	48	51	30	131	167
Other Income / (Expense), net	-	-	-	-12	-3.00	69	553	835	2.00	12	13
Income Tax Expense	568	467	434	361	863	513	350	456	628	387	363
Net Income / (Loss) Attributable to Noncontrolling Interest	5.00	5.00	6.00	7.00	9.00	9.00	12	5.00	18	4.00	19
Basic Earnings per Share	$3.12	$2.87	$3.01	$3.40	$3.01	$4.91	$1.90	$7.91	$6.64	$2.81	$1.09
Weighted Average Basic Shares Outstanding	386.20M	379.30M	370M	367.10M	368M	363.50M	360.60M	362.90M	360M	357.90M	359M
Diluted Earnings per Share	$3.06	$2.82	$2.96	$3.35	$2.95	$4.82	$1.86	$7.79	$6.55	$2.79	$1.08
Weighted Average Diluted Shares Outstanding	393.10M	385.70M	376.60M	373M	375.70M	370.40M	366.90M	368.20M	364.90M	360.90M	360.80M
Weighted Average Basic & Diluted Shares Outstanding	385.90M	379.40M	365.71M	367.96M	368.10M	360.76M	360.80M	361.29M	356.90M	357.69M	358.72M
Cash Dividends to Common per Share	$0.78	$0.92	$1.14	$1.32	$1.48	$1.67	$1.39	$2.07	$2.33	$2.58	$2.64

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	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
Net Income / (Loss) Attributable to Common Shareholders	489	394	156	-33	31	313	330	-284	-156	-590	159
Consolidated Net Income / (Loss)	490	397	155	-32	36	324	335	-286	-156	-590	159
Net Income / (Loss) Continuing Operations	490	397	155	-32	36	324	335	-286	-156	-590	159
Total Pre-Tax Income	633	532	280	-48	46	519	486	-279	-180	-650	241
Total Operating Income	661	556	297	-5.00	98	574	531	-233	-121	-580	306
Total Gross Profit	2,907	3,401	2,592	2,446	2,448	3,125	2,833	2,778	2,433	3,047	2,661
Total Revenue	3,930	4,620	3,751	3,609	3,518	4,279	3,940	3,871	3,361	4,004	3,550
Operating Revenue	3,930	4,620	3,751	3,609	3,518	4,279	3,940	3,871	3,361	4,004	3,550
Total Cost of Revenue	1,023	1,219	1,159	1,163	1,070	1,154	1,107	1,093	928	957	889
Operating Cost of Revenue	1,023	1,219	1,159	1,163	1,070	1,154	1,107	1,093	928	957	889
Total Operating Expenses	2,246	2,845	2,295	2,451	2,350	2,551	2,302	3,011	2,554	3,627	2,355
Selling, General & Admin Expense	2,244	2,630	2,281	2,420	2,349	2,544	2,284	2,444	2,298	2,585	2,258
Impairment Charge	-	207	0.00	-	-	0.00	0.00	-	-	861	0.00
Restructuring Charge	2.00	8.00	14	31	1.00	7.00	18	96	97	181	97
Other Special Charges / (Income)	-	-	-	-	0.00	0.00	0.00	-	159	0.00	0.00
Total Other Income / (Expense), net	-28	-24	-17	-43	-52	-55	-45	-46	-59	-70	-65
Interest Expense	46	52	58	99	95	98	94	91	92	90	87
Interest & Investment Income	15	26	37	53	41	40	45	41	35	23	27
Other Income / (Expense), net	3.00	2.00	4.00	3.00	2.00	3.00	4.00	4.00	-2.00	-3.00	-5.00
Income Tax Expense	143	135	125	-16	10	195	151	7.00	-24	-60	82
Net Income / (Loss) Attributable to Noncontrolling Interest	1.00	3.00	-1.00	1.00	5.00	11	5.00	-2.00	0.00	0.00	0.00
Basic Earnings per Share	$1.37	$1.10	$0.44	($0.10)	$0.09	$0.87	$0.92	($0.79)	($0.43)	($1.64)	$0.44
Weighted Average Basic Shares Outstanding	357.90M	357.70M	357.90M	357.90M	358.40M	358.70M	359.10M	359M	359.60M	360M	360.30M
Diluted Earnings per Share	$1.35	$1.09	$0.43	($0.08)	$0.09	$0.87	$0.91	($0.79)	($0.43)	($1.64)	$0.44
Weighted Average Diluted Shares Outstanding	361.40M	360.40M	361.20M	360.90M	360.50M	360M	360.80M	360.80M	359.60M	360M	361.40M
Weighted Average Basic & Diluted Shares Outstanding	356.81M	357.22M	357.41M	357.69M	357.85M	358.47M	358.56M	358.72M	358.98M	359.72M	359.75M

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2014	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
Net Change in Cash & Equivalents	133	-608	-107	222	1,032	817	2,035	-64	-1,001	72	-634
Net Cash From Operating Activities	1,537	1,943	1,789	1,790	2,562	2,517	2,280	3,631	3,040	1,731	2,360
Net Cash From Continuing Operating Activities	1,537	1,943	1,789	1,790	2,562	2,517	2,280	3,631	3,040	1,731	2,360
Net Income / (Loss) Continuing Operations	1,209	1,094	1,121	1,256	1,117	1,794	696	2,875	2,408	1,010	409
Consolidated Net Income / (Loss)	1,209	1,094	1,121	1,256	1,117	1,794	696	2,875	2,408	1,010	409
Depreciation Expense	385	409	415	464	531	557	611	651	727	744	825
Non-Cash Adjustments To Reconcile Net Income	195	137	194	234	218	271	1,144	-217	608	519	760
Changes in Operating Assets and Liabilities, net	-252	303	59	-164	696	-105	-171	322	-703	-542	366
Net Cash From Investing Activities	-512	-1,616	-1,269	-2,204	-358	473	-1,698	-1,864	-945	-3,217	-960
Net Cash From Continuing Investing Activities	-512	-1,616	-1,269	-2,204	-358	473	-1,698	-1,864	-945	-3,217	-960
Purchase of Property, Plant & Equipment	-510	-473	-525	-504	-629	-744	-623	-637	-1,040	-1,003	-919
Acquisitions	-9.20	-241	-101	-1,671	0.00	0.00	-1,047	-1,065	-3.00	-2,286	0.00
Purchase of Investments	-0.60	-1,207	-2,016	-1,267	-478	-14	-28	-194	98	72	-41
Net Cash From Financing Activities	-897	-895	-605	630	-1,172	-2,173	1,461	-1,892	-3,036	1,590	-2,035
Net Cash From Continuing Financing Activities	-897	-895	-605	630	-1,172	-2,173	1,461	-1,892	-3,036	1,590	-2,035
Repayment of Debt	-6.70	-12	-12	-152	-10	-172	224	-1,207	-23	-62	-1,014
Repurchase of Common Equity	-667	-983	-890	-413	-759	-1,555	-893	-733	-2,309	-271	-780
Payment of Dividends	-308	-356	-427	-489	-550	-615	-513	-761	-855	-925	-947
Issuance of Debt	0.00	307	616	1,498	0.00	0.00	2,481	596	0.00	2,760	648
Other Financing Activities, net	85	149	108	186	147	169	162	213	151	88	58
Effect of Exchange Rate Changes	-	-40	-22	6.00	-	-	-8.00	61	-60	-32	1.00

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	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
Net Change in Cash & Equivalents	-1,019	787	1,806	-1,502	-939	849	-238	-306	-1,045	236	45
Net Cash From Operating Activities	-650	1,401	266	714	-408	1,345	534	889	-670	1,057	284
Net Cash From Continuing Operating Activities	-650	1,401	266	714	-408	1,345	534	889	-670	1,057	284
Net Income / (Loss) Continuing Operations	490	397	155	-32	36	324	335	-286	-156	-590	159
Consolidated Net Income / (Loss)	490	397	155	-32	36	324	335	-286	-156	-590	159
Depreciation Expense	178	181	189	196	203	205	206	211	208	207	204
Non-Cash Adjustments To Reconcile Net Income	69	330	81	39	46	128	107	495	70	984	84
Changes in Operating Assets and Liabilities, net	-1,387	493	-159	511	-693	688	-114	469	-792	456	-163
Net Cash From Investing Activities	-14	-271	-242	-2,690	-295	-262	-178	-225	-160	-134	-114
Net Cash From Continuing Investing Activities	-14	-271	-242	-2,690	-295	-262	-178	-225	-160	-134	-114
Purchase of Property, Plant & Equipment	-152	-267	-233	-351	-295	-232	-175	-217	-141	-132	-122
Purchase of Investments	138	-4.00	-1.00	-61	0.00	-30	-3.00	-8.00	-19	-2.00	5.00
Net Cash From Financing Activities	-304	-381	1,775	500	-219	-270	-570	-976	-226	-652	-138
Net Cash From Continuing Financing Activities	-304	-381	1,775	500	-219	-270	-570	-976	-226	-652	-138
Repayment of Debt	-254	-4.00	2,225	-2,029	-3.00	-787	-221	-3.00	-1.00	-501	-1.00
Payment of Dividends	-215	-236	-236	-238	-236	-238	-236	-237	-240	-126	-147
Other Financing Activities, net	26	11	31	20	24	4.00	19	11	25	-	10
Effect of Exchange Rate Changes	-	-	-	-26	-	-	-	6.00	-	-	13

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2014	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
Total Assets	7,869	8,227	9,223	11,568	12,567	13,156	17,781	21,971	20,910	23,415	21,677
Total Current Assets	4,825	4,184	4,225	4,964	6,168	7,212	8,892	9,768	9,298	9,139	7,922
Cash & Equivalents	1,629	1,021	914	1,136	2,181	2,987	5,022	4,958	3,957	4,029	3,395
Accounts Receivable	1,379	1,175	1,258	1,395	1,487	1,831	1,194	1,702	1,629	1,452	1,727
Inventories, net	1,294	1,216	1,264	1,479	1,618	2,006	2,062	2,505	2,920	2,979	2,175
Prepaid Expenses	523	268	320	349	348	388	614	603	792	679	625
Plant, Property, & Equipment, net	1,503	1,490	1,583	1,671	1,823	2,068	2,055	2,280	2,650	3,179	3,136
Total Noncurrent Assets	1,541	2,553	3,415	4,933	4,576	3,876	6,834	9,923	8,962	11,097	10,619
Goodwill	893	1,145	1,228	1,916	1,926	1,868	1,401	2,616	2,521	2,486	2,143
Intangible Assets	157	327	344	1,327	1,276	1,203	2,338	4,095	3,428	5,602	5,183
Other Noncurrent Operating Assets	477	661	735	664	531	805	3,095	3,212	3,013	3,009	3,293
Total Liabilities & Shareholders' Equity	7,869	8,227	9,223	11,568	12,567	13,156	17,781	21,971	20,910	23,415	21,677
Total Liabilities	3,999	4,573	5,636	7,166	7,857	8,745	13,819	15,023	14,478	16,998	16,363
Total Current Liabilities	2,057	2,130	2,681	2,823	3,310	4,605	5,179	5,298	5,815	6,240	5,702
Short-Term Debt	18	30	332	189	183	516	1,222	32	268	997	504
Accounts Payable	525	635	717	835	1,182	1,490	1,177	1,692	1,822	1,670	1,440
Accrued Expenses	1,514	1,465	1,632	1,799	1,945	2,599	2,405	3,195	3,360	3,216	3,404
Other Current Liabilities	-	-	-	-	-	0.00	375	379	365	357	354
Total Noncurrent Liabilities	1,943	2,443	2,955	4,343	4,547	4,140	8,640	9,725	8,663	10,758	10,661
Long-Term Debt	1,325	1,595	1,910	3,383	3,361	2,896	4,914	5,537	5,144	7,117	7,267
Other Noncurrent Operating Liabilities	618	848	1,045	960	1,186	1,244	3,726	4,188	3,519	3,641	3,394
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	3,869	3,654	3,587	4,402	4,710	4,411	3,962	6,091	5,590	5,585	5,314
Total Preferred & Common Equity	3,855	3,643	3,572	4,384	4,688	4,386	3,935	6,057	5,590	5,585	5,314
Total Common Equity	3,855	3,643	3,572	4,384	4,688	4,386	3,935	6,057	5,590	5,585	5,314
Common Stock	2,568	2,877	3,167	3,565	3,978	4,409	4,796	5,341	5,802	6,159	6,691
Retained Earnings	6,266	7,004	7,693	8,452	9,040	9,984	10,134	12,244	13,912	13,991	13,427
Treasury Stock	-4,879	-5,857	-6,743	-7,149	-7,896	-9,444	-10,330	-11,058	-13,362	-13,631	-13,664
Accumulated Other Comprehensive Income / (Loss)	-100	-382	-545	-484	-434	-563	-665	-470	-762	-934	-1,140

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2014	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.73%	-1.72%	4.47%	4.99%	15.72%	8.62%	-3.83%	13.44%	9.39%	-10.30%	-1.90%
EBITDA Growth	17.30%	-8.91%	0.50%	6.47%	19.81%	13.78%	-39.78%	131.86%	-5.00%	-41.91%	-20.18%
EBIT Growth	17.98%	-12.13%	0.25%	5.09%	21.28%	16.08%	-51.34%	197.93%	-8.14%	-52.05%	-35.37%
NOPAT Growth	17.43%	-9.50%	3.12%	14.04%	-12.41%	55.15%	-77.58%	460.38%	11.27%	-56.61%	-52.90%
Net Income Growth	18.10%	-9.52%	2.47%	12.04%	-11.07%	60.61%	-61.20%	313.07%	-16.24%	-58.06%	-59.51%
EPS Growth	18.60%	-7.84%	4.96%	13.18%	-11.94%	63.39%	-61.41%	318.82%	-15.92%	-57.40%	-61.29%
Operating Cash Flow Growth	20.33%	26.41%	-7.93%	0.06%	43.13%	-1.76%	-9.42%	59.25%	-16.28%	-43.06%	36.34%
Free Cash Flow Firm Growth	38.21%	65.16%	-15.06%	-147.16%	406.24%	-0.70%	-90.16%	-236.86%	1,078.67%	-169.71%	187.00%
Invested Capital Growth	13.31%	-6.61%	0.13%	55.99%	-9.81%	2.98%	4.96%	48.92%	4.34%	33.16%	-7.73%
Revenue Q/Q Growth	2.98%	-1.83%	1.10%	2.14%	3.02%	2.03%	-7.51%	10.24%	-2.07%	0.30%	1.71%
EBITDA Q/Q Growth	12.70%	-6.77%	-4.05%	5.07%	1.89%	-1.71%	-30.23%	67.65%	-20.36%	-2.83%	-10.50%
EBIT Q/Q Growth	14.71%	-8.66%	-5.01%	5.42%	1.63%	-2.54%	-40.17%	90.88%	-24.01%	-5.06%	-18.76%
NOPAT Q/Q Growth	15.01%	-8.67%	-4.60%	13.29%	-4.58%	-1.64%	-58.38%	46.83%	-9.47%	-6.37%	-35.11%
Net Income Q/Q Growth	15.53%	-8.68%	-5.03%	12.04%	-3.62%	-1.64%	-46.99%	105.21%	-28.61%	-7.51%	-38.31%
EPS Q/Q Growth	13.33%	-9.03%	-4.82%	12.42%	-3.91%	-1.43%	-47.31%	106.08%	-28.34%	-8.22%	-39.66%
Operating Cash Flow Q/Q Growth	5.19%	8.28%	-3.64%	4.86%	4.23%	4.96%	-15.74%	16.68%	7.69%	-17.10%	8.01%
Free Cash Flow Firm Q/Q Growth	17.69%	10.54%	3.53%	-26.52%	6.53%	-4.27%	-28.02%	-108.67%	275.10%	-217.13%	200.06%
Invested Capital Q/Q Growth	2.04%	-4.72%	-7.24%	0.17%	-3.08%	-2.13%	-10.68%	62.70%	-9.05%	23.03%	-9.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.32%	80.52%	80.63%	79.41%	79.22%	77.21%	75.15%	76.36%	75.73%	71.31%	71.66%
EBITDA Margin	20.17%	18.69%	17.98%	18.23%	18.88%	19.77%	12.38%	25.31%	21.98%	14.24%	11.58%
Operating Margin	16.66%	14.90%	14.30%	14.41%	15.02%	15.56%	4.24%	16.15%	17.87%	9.48%	6.21%
EBIT Margin	16.66%	14.90%	14.30%	14.31%	15.00%	16.03%	8.11%	21.30%	17.88%	9.56%	6.30%
Profit (Net Income) Margin	11.02%	10.15%	9.95%	10.62%	8.16%	12.07%	4.87%	17.73%	13.58%	6.35%	2.62%
Tax Burden Percent	68.05%	70.08%	72.09%	77.67%	56.41%	77.76%	66.54%	86.31%	79.31%	72.30%	52.98%
Interest Burden Percent	97.22%	97.20%	96.58%	95.57%	96.49%	96.85%	90.25%	96.47%	95.71%	91.85%	78.54%
Effective Tax Rate	31.95%	29.92%	27.91%	22.33%	43.59%	22.24%	33.46%	13.69%	20.69%	27.70%	47.02%
Return on Invested Capital (ROIC)	37.01%	32.61%	34.79%	30.98%	23.41%	37.74%	8.14%	35.77%	32.56%	11.87%	5.09%
ROIC Less NNEP Spread (ROIC-NNEP)	52.34%	42.78%	48.72%	6.67%	12.72%	35.47%	46.18%	107.12%	22.27%	8.94%	2.61%
Return on Net Nonoperating Assets (RNNOA)	-3.29%	-3.53%	-3.83%	0.46%	1.10%	1.60%	8.49%	16.94%	3.44%	3.86%	1.88%
Return on Equity (ROE)	33.72%	29.08%	30.96%	31.44%	24.52%	39.34%	16.62%	52.70%	35.99%	15.72%	6.97%
Cash Return on Invested Capital (CROIC)	24.53%	39.44%	34.67%	-12.77%	33.73%	34.80%	3.29%	-3.54%	28.31%	-16.58%	13.13%
Operating Return on Assets (OROA)	24.35%	19.96%	18.45%	16.28%	17.00%	18.52%	7.49%	17.37%	14.79%	6.86%	4.36%
Return on Assets (ROA)	16.11%	13.59%	12.85%	12.08%	9.26%	13.95%	4.50%	14.46%	11.23%	4.56%	1.81%
Return on Common Equity (ROCE)	33.58%	28.98%	30.85%	31.31%	24.41%	39.14%	16.52%	48.27%	31.33%	13.67%	6.48%
Return on Equity Simple (ROE_SIMPLE)	31.37%	30.03%	31.38%	28.65%	23.83%	40.90%	17.69%	47.47%	43.08%	18.08%	7.70%
Net Operating Profit after Tax (NOPAT)	1,244	1,126	1,161	1,324	1,159	1,799	403	2,260	2,514	1,091	514
NOPAT Margin	11.34%	10.44%	10.31%	11.19%	8.47%	12.10%	2.82%	13.94%	14.18%	6.86%	3.29%
Net Nonoperating Expense Percent (NNEP)	-15.33%	-10.17%	-13.92%	24.31%	10.70%	2.27%	-38.05%	-71.35%	10.29%	2.92%	2.48%
Cost of Revenue to Revenue	19.68%	19.48%	19.37%	20.59%	20.78%	22.79%	24.85%	23.64%	24.27%	28.69%	28.34%
SG&A Expenses to Revenue	63.69%	65.62%	65.16%	63.09%	62.51%	59.59%	60.42%	57.79%	55.75%	60.18%	61.64%
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	63.66%	65.62%	66.34%	65.00%	64.20%	61.65%	70.91%	60.21%	57.86%	61.83%	65.44%
Earnings before Interest and Taxes (EBIT)	1,828	1,606	1,610	1,692	2,052	2,382	1,159	3,453	3,172	1,521	983
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,212	2,015	2,025	2,156	2,583	2,939	1,770	4,104	3,899	2,265	1,808
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.56	8.11	8.58	7.46	10.47	14.32	16.48	18.31	15.79	12.33	7.18
Price to Tangible Book Value (P/TBV)	9.02	13.60	15.33	28.67	33.03	47.75	330.78	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.31	2.74	2.72	2.77	3.59	4.23	4.54	6.84	4.98	4.33	2.44
Price to Earnings (P/E)	21.02	27.12	27.50	26.19	44.30	35.18	94.78	38.65	36.92	68.44	97.82
Dividend Yield	1.18%	1.18%	1.37%	1.48%	1.11%	0.96%	1.01%	0.68%	0.94%	1.34%	2.48%
Earnings Yield	4.76%	3.69%	3.64%	3.82%	2.26%	2.84%	1.06%	2.59%	2.71%	1.46%	1.02%
Enterprise Value to Invested Capital (EV/IC)	7.01	8.77	9.12	6.44	10.45	13.08	13.00	14.87	11.48	7.02	4.39
Enterprise Value to Revenue (EV/Rev)	2.28	2.71	2.70	2.84	3.59	4.26	4.62	6.93	5.10	4.64	2.72
Enterprise Value to EBITDA (EV/EBITDA)	11.31	14.50	15.03	15.55	19.01	21.52	37.27	27.40	23.22	32.57	23.52
Enterprise Value to EBIT (EV/EBIT)	13.69	18.20	18.90	19.82	23.92	26.55	56.92	32.56	28.54	48.50	43.26
Enterprise Value to NOPAT (EV/NOPAT)	20.12	25.96	26.22	25.34	42.34	35.16	163.61	49.76	36.01	67.61	82.75
Enterprise Value to Operating Cash Flow (EV/OCF)	16.28	15.04	17.01	18.73	19.16	25.13	28.94	30.97	29.78	42.61	18.02
Enterprise Value to Free Cash Flow (EV/FCFF)	30.35	21.46	26.31	0.00	29.39	38.13	404.18	0.00	41.41	0.00	32.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.44	0.63	0.81	0.75	0.77	1.55	0.80	0.84	1.26	1.46
Long-Term Debt to Equity	0.34	0.44	0.53	0.77	0.71	0.66	1.24	0.80	0.80	1.11	1.37
Financial Leverage	-0.06	-0.08	-0.08	0.07	0.09	0.05	0.18	0.16	0.15	0.43	0.72
Leverage Ratio	2.09	2.14	2.41	2.60	2.65	2.82	3.69	3.64	3.20	3.45	3.84
Compound Leverage Factor	2.04	2.08	2.33	2.49	2.56	2.73	3.33	3.51	3.07	3.17	3.02
Debt to Total Capital	25.77%	30.78%	38.46%	44.80%	42.94%	43.62%	60.76%	44.49%	45.69%	55.84%	59.39%
Short-Term Debt to Total Capital	0.35%	0.56%	5.70%	2.37%	2.22%	6.60%	12.10%	0.26%	2.26%	6.86%	3.85%
Long-Term Debt to Total Capital	25.41%	30.21%	32.77%	42.43%	40.72%	37.02%	48.66%	44.24%	43.43%	48.98%	55.54%
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	0.28%	0.21%	0.26%	0.23%	0.27%	0.32%	0.27%	7.12%	7.11%	5.73%	0.00%
Common Equity to Total Capital	73.95%	69.01%	61.28%	54.98%	56.80%	56.07%	38.97%	48.39%	47.20%	38.44%	40.61%
Debt to EBITDA	0.61	0.81	1.11	1.66	1.37	1.16	3.47	1.36	1.39	3.58	4.30
Net Debt to EBITDA	-0.14	-0.16	-0.12	0.37	-0.01	0.14	0.63	0.15	0.37	1.80	2.42
Long-Term Debt to EBITDA	0.60	0.79	0.94	1.57	1.30	0.99	2.78	1.35	1.32	3.14	4.02
Debt to NOPAT	1.08	1.44	1.93	2.70	3.06	1.90	15.22	2.46	2.15	7.44	15.12
Net Debt to NOPAT	-0.24	-0.28	-0.21	0.61	-0.01	0.24	2.76	0.27	0.58	3.74	8.52
Long-Term Debt to NOPAT	1.07	1.42	1.65	2.56	2.90	1.61	12.19	2.45	2.05	6.52	14.14
Altman Z-Score	7.49	7.32	6.43	5.49	6.66	7.34	4.88	6.71	6.14	4.31	3.26
Noncontrolling Interest Sharing Ratio	0.41%	0.34%	0.36%	0.41%	0.44%	0.52%	0.62%	8.41%	12.95%	13.03%	7.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.35	1.96	1.58	1.76	1.86	1.57	1.72	1.84	1.60	1.46	1.39
Quick Ratio	1.46	1.27	0.99	1.11	1.27	1.05	1.20	1.26	0.96	0.88	0.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	824	1,362	1,156	-545	1,670	1,659	163	-223	2,186	-1,524	1,326
Operating Cash Flow to CapEx	301.27%	410.78%	340.76%	363.82%	407.31%	339.22%	365.97%	570.02%	292.31%	172.58%	256.80%
Free Cash Flow to Firm to Interest Expense	13.88	22.69	16.29	-5.30	13.05	12.47	1.01	-1.29	13.09	-5.98	3.51
Operating Cash Flow to Interest Expense	25.88	32.38	25.20	17.38	20.02	18.92	14.16	20.99	18.20	6.79	6.24
Operating Cash Flow Less CapEx to Interest Expense	17.29	24.50	17.80	12.60	15.10	13.35	10.29	17.31	11.98	2.85	3.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.46	1.34	1.29	1.14	1.13	1.16	0.92	0.82	0.83	0.72	0.69
Accounts Receivable Turnover	8.60	8.44	9.26	8.91	9.50	8.96	9.45	11.20	10.65	10.33	9.82
Inventory Turnover	1.79	1.67	1.76	1.77	1.84	1.87	1.75	1.68	1.59	1.55	1.72
Fixed Asset Turnover	7.69	7.20	7.33	7.27	7.83	7.64	6.93	7.48	7.20	5.46	4.94
Accounts Payable Turnover	4.29	3.62	3.23	3.14	2.82	2.54	2.66	2.67	2.45	2.61	2.85
Days Sales Outstanding (DSO)	42.44	43.23	39.42	40.95	38.44	40.74	38.62	32.59	34.27	35.34	37.17
Days Inventory Outstanding (DIO)	203.61	218.11	207.50	205.67	198.74	195.27	209.01	217.39	229.98	235.88	212.61
Days Payable Outstanding (DPO)	85.09	100.80	113.17	116.37	129.43	143.97	137.03	136.57	148.97	139.63	128.29
Cash Conversion Cycle (CCC)	160.97	160.55	133.76	130.25	107.74	92.04	110.60	113.42	115.29	131.59	121.49
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,570	3,334	3,338	5,207	4,696	4,836	5,076	7,559	7,887	10,502	9,690
Invested Capital Turnover	3.26	3.12	3.38	2.77	2.76	3.12	2.88	2.57	2.30	1.73	1.55
Increase / (Decrease) in Invested Capital	419	-236	4.20	1,869	-511	140	240	2,483	328	2,615	-812
Enterprise Value (EV)	25,020	29,221	30,431	33,533	49,091	63,247	65,973	112,434	90,544	73,763	42,527
Market Capitalization	25,305	29,531	30,665	32,710	49,083	62,797	64,832	110,932	88,247	68,846	38,151
Book Value per Share	$10.07	$9.63	$9.67	$11.92	$12.77	$12.12	$10.93	$16.71	$15.64	$15.63	$14.82
Tangible Book Value per Share	$7.33	$5.74	$5.42	$3.10	$4.05	$3.63	$0.54	($1.80)	($1.00)	($7.00)	($5.61)
Total Capital	5,213	5,279	5,829	7,974	8,254	7,823	10,098	12,517	11,844	14,531	13,085
Total Debt	1,343	1,625	2,242	3,572	3,544	3,412	6,136	5,569	5,412	8,114	7,771
Total Long-Term Debt	1,325	1,595	1,910	3,383	3,361	2,896	4,914	5,537	5,144	7,117	7,267
Net Debt	-300	-321	-249	805	-14	425	1,114	611	1,455	4,085	4,376
Capital Expenditures (CapEx)	510	473	525	492	629	742	623	637	1,040	1,003	919
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,158	559	493	589	326	136	-87	-456	-206	-133	-671
Debt-free Net Working Capital (DFNWC)	2,787	2,084	1,876	2,330	3,041	3,123	4,935	4,502	3,751	3,896	2,724
Net Working Capital (NWC)	2,769	2,054	1,544	2,141	2,858	2,607	3,713	4,470	3,483	2,899	2,220
Net Nonoperating Expense (NNE)	35	32	40	68	42	4.67	-293	-615	106	81	105
Net Nonoperating Obligations (NNO)	-300	-321	-249	805	-14	425	1,114	611	1,455	4,085	4,376
Total Depreciation and Amortization (D&A)	385	409	415	464	531	557	611	651	727	744	825
Debt-free, Cash-free Net Working Capital to Revenue	10.56%	5.18%	4.38%	4.98%	2.38%	0.92%	-0.61%	-2.81%	-1.16%	-0.84%	-4.30%
Debt-free Net Working Capital to Revenue	25.41%	19.33%	16.66%	19.71%	22.22%	21.01%	34.53%	27.76%	21.15%	24.49%	17.45%
Net Working Capital to Revenue	25.24%	19.05%	13.71%	18.11%	20.89%	17.54%	25.98%	27.57%	19.64%	18.22%	14.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.12	$2.87	$3.01	$3.40	$3.01	$4.91	$1.90	$7.91	$6.64	$2.81	$1.09
Adjusted Weighted Average Basic Shares Outstanding	386.20M	379.30M	370M	367.10M	368M	363.50M	360.60M	362.90M	360M	357.90M	359M
Adjusted Diluted Earnings per Share	$3.06	$2.82	$2.96	$3.35	$2.95	$4.82	$1.86	$7.79	$6.55	$2.79	$1.08
Adjusted Weighted Average Diluted Shares Outstanding	393.10M	385.70M	376.60M	373M	375.70M	370.40M	366.90M	368.20M	364.90M	360.90M	360.80M
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	381.31M	372.91M	365.71M	367.96M	367.19M	360.76M	360.80M	361.29M	356.90M	357.69M	358.72M
Normalized Net Operating Profit after Tax (NOPAT)	1,242	1,126	1,257	1,499	1,290	2,037	1,401	2,598	2,811	1,280	828
Normalized NOPAT Margin	11.32%	10.44%	11.16%	12.68%	9.43%	13.70%	9.80%	16.02%	15.85%	8.05%	5.31%
Pre Tax Income Margin	16.20%	14.48%	13.81%	13.68%	14.47%	15.52%	7.32%	20.54%	17.12%	8.78%	4.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	30.77	26.77	22.68	16.43	16.03	17.91	7.20	19.96	18.99	5.96	2.60
NOPAT to Interest Expense	20.94	18.76	16.35	12.85	9.06	13.52	2.50	13.06	15.06	4.28	1.36
EBIT Less CapEx to Interest Expense	22.18	18.88	15.28	11.65	11.12	12.33	3.33	16.28	12.77	2.03	0.17
NOPAT Less CapEx to Interest Expense	12.35	10.88	8.95	8.07	4.14	7.94	-1.37	9.38	8.83	0.35	-1.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	25.47%	32.54%	38.09%	38.93%	49.24%	34.28%	73.71%	26.47%	35.51%	91.58%	231.54%
Augmented Payout Ratio	80.66%	122.39%	117.48%	71.82%	117.19%	120.96%	202.01%	51.97%	131.40%	118.42%	422.25%

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

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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.52%	-16.59%	-11.64%	1.35%	-10.48%	-7.38%	5.04%	7.26%	-4.46%	-6.43%	-9.90%
EBITDA Growth	-24.62%	-53.84%	-46.80%	-25.38%	-64.01%	5.82%	51.22%	-109.28%	-71.95%	-148.08%	-31.85%
EBIT Growth	-28.91%	-60.70%	-59.27%	-102.53%	-84.94%	3.41%	77.74%	-11,350.00%	-223.00%	-201.04%	-43.74%
NOPAT Growth	-29.37%	-62.74%	-72.67%	-104.25%	-85.01%	-13.64%	122.62%	-4,560.00%	-210.44%	-213.30%	-44.84%
Net Income Growth	-29.50%	-63.58%	-72.95%	-164.00%	-92.65%	-18.39%	116.13%	-793.75%	-533.33%	-282.10%	-52.54%
EPS Growth	-28.19%	-63.30%	-71.90%	-147.06%	-93.33%	-20.18%	111.63%	-887.50%	-577.78%	-288.51%	-51.65%
Operating Cash Flow Growth	-702.47%	-27.30%	116.26%	-33.33%	37.23%	-4.00%	100.75%	24.51%	-64.22%	-21.41%	-46.82%
Free Cash Flow Firm Growth	99.19%	88.73%	108.77%	-965.69%	-11,978.92%	-898.41%	-682.86%	124.78%	123.02%	173.32%	205.08%
Invested Capital Growth	6.45%	7.99%	-1.57%	33.16%	27.52%	28.64%	24.80%	-7.73%	-5.57%	-17.65%	-15.38%
Revenue Q/Q Growth	10.36%	17.56%	-18.81%	-3.79%	-2.52%	21.63%	-7.92%	-1.75%	-13.17%	19.13%	-11.34%
EBITDA Q/Q Growth	223.85%	-12.23%	-33.69%	-60.41%	56.19%	158.09%	-5.24%	-102.43%	572.22%	-542.35%	234.31%
EBIT Q/Q Growth	740.51%	-15.96%	-46.06%	-100.66%	5,100.00%	477.00%	-7.28%	-142.80%	46.29%	-373.98%	151.63%
NOPAT Q/Q Growth	521.78%	-18.91%	-60.37%	-102.13%	2,291.30%	367.22%	2.14%	-144.56%	48.07%	-379.34%	149.73%
Net Income Q/Q Growth	880.00%	-18.98%	-60.96%	-120.65%	212.50%	800.00%	3.40%	-185.37%	45.45%	-278.21%	126.95%
EPS Q/Q Growth	694.12%	-19.26%	-60.55%	-118.60%	212.50%	866.67%	4.60%	-186.81%	45.57%	-281.40%	126.83%
Operating Cash Flow Q/Q Growth	-160.69%	315.54%	-81.01%	168.42%	-157.14%	429.66%	-60.30%	66.48%	-175.37%	257.76%	-73.13%
Free Cash Flow Firm Q/Q Growth	92.13%	-956.07%	247.20%	-971.64%	10.85%	12.71%	14.07%	137.06%	-17.20%	178.06%	23.15%
Invested Capital Q/Q Growth	11.07%	-4.49%	2.02%	23.03%	6.37%	-3.65%	-1.02%	-9.04%	8.86%	-15.98%	1.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	73.97%	73.61%	69.10%	67.78%	69.59%	73.03%	71.90%	71.76%	72.39%	76.10%	74.96%
EBITDA Margin	21.42%	16.00%	13.06%	5.38%	8.61%	18.28%	18.81%	-0.47%	2.53%	-9.39%	14.23%
Operating Margin	16.82%	12.03%	7.92%	-0.14%	2.79%	13.41%	13.48%	-6.02%	-3.60%	-14.49%	8.62%
EBIT Margin	16.90%	12.08%	8.02%	-0.06%	2.84%	13.48%	13.58%	-5.92%	-3.66%	-14.56%	8.48%
Profit (Net Income) Margin	12.47%	8.59%	4.13%	-0.89%	1.02%	7.57%	8.50%	-7.39%	-4.64%	-14.74%	4.48%
Tax Burden Percent	77.41%	74.62%	55.36%	66.67%	78.26%	62.43%	68.93%	102.51%	86.67%	90.77%	65.98%
Interest Burden Percent	95.33%	95.34%	93.02%	2,400.00%	46.00%	89.95%	90.84%	121.83%	146.34%	111.49%	80.07%
Effective Tax Rate	22.59%	25.38%	44.64%	0.00%	21.74%	37.57%	31.07%	0.00%	0.00%	0.00%	34.02%
Return on Invested Capital (ROIC)	26.48%	18.23%	8.08%	-0.17%	3.39%	13.27%	14.86%	-6.51%	-3.59%	-15.68%	8.55%
ROIC Less NNEP Spread (ROIC-NNEP)	25.31%	16.67%	7.54%	-1.20%	2.30%	12.10%	13.81%	-9.42%	-4.95%	-19.82%	7.57%
Return on Net Nonoperating Assets (RNNOA)	7.06%	2.78%	1.90%	-0.52%	1.37%	5.32%	6.14%	-6.79%	-4.60%	-16.43%	6.05%
Return on Equity (ROE)	33.54%	21.01%	9.98%	-0.68%	4.76%	18.59%	21.00%	-13.31%	-8.19%	-32.11%	14.60%
Cash Return on Invested Capital (CROIC)	20.84%	12.21%	15.12%	-16.58%	-17.68%	-18.94%	-13.81%	13.13%	8.48%	16.49%	12.19%
Operating Return on Assets (OROA)	14.04%	9.23%	5.78%	-0.04%	2.07%	9.29%	9.18%	-4.10%	-2.57%	-10.27%	5.89%
Return on Assets (ROA)	10.36%	6.57%	2.97%	-0.64%	0.74%	5.22%	5.75%	-5.11%	-3.26%	-10.39%	3.11%
Return on Common Equity (ROCE)	29.29%	18.43%	8.73%	-0.59%	4.14%	16.26%	18.38%	-12.36%	-7.59%	-29.57%	13.48%
Return on Equity Simple (ROE_SIMPLE)	39.93%	25.58%	18.58%	0.00%	10.41%	8.46%	11.54%	0.00%	4.27%	-16.72%	-20.09%
Net Operating Profit after Tax (NOPAT)	512	415	164	-3.50	77	358	366	-163	-85	-406	202
NOPAT Margin	13.02%	8.98%	4.38%	-0.10%	2.18%	8.37%	9.29%	-4.21%	-2.52%	-10.14%	5.69%
Net Nonoperating Expense Percent (NNEP)	1.17%	1.56%	0.54%	1.03%	1.09%	1.17%	1.05%	2.91%	1.36%	4.14%	0.98%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	2.59%	-	-	-	-3.55%	1.73%
Cost of Revenue to Revenue	26.03%	26.39%	30.90%	32.23%	30.42%	26.97%	28.10%	28.24%	27.61%	23.90%	25.04%
SG&A Expenses to Revenue	57.10%	56.93%	60.81%	67.05%	66.77%	59.45%	57.97%	63.14%	68.37%	64.56%	63.61%
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	57.15%	61.58%	61.18%	67.91%	66.80%	59.62%	58.43%	77.78%	75.99%	90.58%	66.34%
Earnings before Interest and Taxes (EBIT)	664	558	301	-2.00	100	577	535	-229	-123	-583	301
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	842	739	490	194	303	782	741	-18	85	-376	505
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	13.57	14.62	14.64	12.33	9.46	8.96	9.57	7.18	7.03	6.46	5.46
Price to Tangible Book Value (P/TBV)	0.00	259.96	236.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.34	5.28	5.43	4.33	3.26	3.38	3.58	2.44	2.31	1.77	1.61
Price to Earnings (P/E)	34.24	57.81	78.89	68.44	92.25	109.63	85.74	97.82	176.16	0.00	0.00
Dividend Yield	1.14%	1.02%	1.05%	1.34%	1.87%	1.85%	1.72%	2.48%	2.65%	3.11%	3.06%
Earnings Yield	2.92%	1.73%	1.27%	1.46%	1.08%	0.91%	1.17%	1.02%	0.57%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	8.92	10.61	10.39	7.02	5.05	5.23	5.62	4.39	3.91	3.57	3.15
Enterprise Value to Revenue (EV/Rev)	4.52	5.43	5.59	4.64	3.64	3.71	3.90	2.72	2.67	2.08	1.92
Enterprise Value to EBITDA (EV/EBITDA)	21.56	32.14	38.06	32.57	32.67	31.80	29.64	23.52	25.93	73.17	144.96
Enterprise Value to EBIT (EV/EBIT)	26.92	43.52	55.38	48.50	58.92	57.63	49.48	43.26	54.24	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	33.95	55.38	76.15	67.61	86.83	96.28	75.60	82.75	138.12	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	31.62	45.64	42.49	42.61	28.58	29.34	27.40	18.02	19.65	17.46	18.21
Enterprise Value to Free Cash Flow (EV/FCFF)	44.13	90.21	68.19	0.00	0.00	0.00	0.00	32.07	44.79	19.54	23.71
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.85	0.80	1.10	1.26	1.31	1.24	1.18	1.46	1.54	1.75	1.68
Long-Term Debt to Equity	0.81	0.76	0.77	1.11	1.15	1.01	1.10	1.37	1.44	1.75	1.68
Financial Leverage	0.28	0.17	0.25	0.43	0.60	0.44	0.45	0.72	0.93	0.83	0.80
Leverage Ratio	3.13	3.10	3.21	3.45	3.41	3.31	3.42	3.84	3.91	4.01	3.90
Compound Leverage Factor	2.98	2.95	2.98	82.79	1.57	2.98	3.11	4.68	5.72	4.47	3.12
Debt to Total Capital	45.93%	44.42%	52.40%	55.84%	56.75%	55.37%	54.13%	59.39%	60.59%	63.59%	62.69%
Short-Term Debt to Total Capital	2.27%	2.15%	15.95%	6.86%	7.05%	10.20%	3.52%	3.85%	3.91%	0.03%	0.03%
Long-Term Debt to Total Capital	43.66%	42.27%	36.45%	48.98%	49.70%	45.16%	50.61%	55.54%	56.68%	63.55%	62.67%
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	6.91%	6.77%	5.82%	5.73%	5.79%	5.78%	5.85%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	47.16%	48.81%	41.78%	38.44%	37.46%	38.85%	40.02%	40.61%	39.41%	36.41%	37.31%
Debt to EBITDA	1.48	1.94	3.16	3.58	4.69	4.60	3.85	4.30	4.92	16.85	37.25
Net Debt to EBITDA	0.67	0.60	0.79	1.80	2.90	2.37	2.01	2.42	3.44	10.87	23.83
Long-Term Debt to EBITDA	1.41	1.85	2.20	3.14	4.11	3.75	3.60	4.02	4.60	16.84	37.23
Debt to NOPAT	2.33	3.35	6.33	7.44	12.46	13.93	9.81	15.12	26.18	-25.81	-16.61
Net Debt to NOPAT	1.06	1.03	1.58	3.74	7.70	7.19	5.14	8.52	18.31	-16.64	-10.62
Long-Term Debt to NOPAT	2.22	3.19	4.40	6.52	10.92	11.37	9.17	14.14	24.49	-25.79	-16.60
Altman Z-Score	5.47	5.76	5.03	4.09	3.53	3.52	3.83	3.07	2.98	2.69	2.70
Noncontrolling Interest Sharing Ratio	12.68%	12.26%	12.51%	13.03%	13.08%	12.56%	12.49%	7.09%	7.34%	7.92%	7.69%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.68	1.66	1.46	1.46	1.45	1.36	1.58	1.39	1.32	1.37	1.41
Quick Ratio	0.97	1.00	0.97	0.88	0.85	0.87	1.03	0.90	0.79	0.83	0.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-19	-204	300	-2,619	-2,334	-2,038	-1,751	649	537	1,494	1,840
Operating Cash Flow to CapEx	-427.63%	524.72%	114.16%	203.42%	-138.31%	579.74%	305.14%	409.68%	-475.18%	800.76%	232.79%
Free Cash Flow to Firm to Interest Expense	-0.42	-3.92	5.18	-26.45	-24.57	-20.79	-18.63	7.13	5.84	16.60	21.15
Operating Cash Flow to Interest Expense	-14.13	26.94	4.59	7.21	-4.29	13.72	5.68	9.77	-7.28	11.74	3.26
Operating Cash Flow Less CapEx to Interest Expense	-17.43	21.81	0.57	3.67	-7.40	11.36	3.82	7.38	-8.82	10.28	1.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.76	0.72	0.72	0.73	0.69	0.68	0.69	0.70	0.71	0.69
Accounts Receivable Turnover	7.82	8.16	7.71	10.33	7.63	8.23	8.17	9.82	7.95	9.03	8.11
Inventory Turnover	1.51	1.50	1.50	1.55	1.57	1.60	1.66	1.72	1.67	1.77	1.81
Fixed Asset Turnover	6.89	6.10	5.75	5.46	5.38	4.95	4.98	4.94	4.88	4.84	4.78
Accounts Payable Turnover	2.97	2.71	2.96	2.61	3.48	3.30	3.31	2.85	3.58	3.43	3.21
Days Sales Outstanding (DSO)	46.71	44.75	47.32	35.34	47.87	44.36	44.69	37.17	45.90	40.44	45.00
Days Inventory Outstanding (DIO)	241.47	242.98	244.06	235.88	232.77	227.70	219.45	212.61	218.13	205.73	201.33
Days Payable Outstanding (DPO)	122.93	134.55	123.12	139.63	104.85	110.76	110.34	128.29	101.95	106.55	113.79
Cash Conversion Cycle (CCC)	165.24	153.18	168.26	131.59	175.79	161.30	153.81	121.49	162.08	139.62	132.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,760	8,367	8,536	10,502	11,171	10,763	10,653	9,690	10,549	8,863	9,015
Invested Capital Turnover	2.03	2.03	1.84	1.73	1.56	1.58	1.60	1.55	1.42	1.55	1.50
Increase / (Decrease) in Invested Capital	531	619	-136	2,615	2,411	2,396	2,117	-812	-622	-1,900	-1,638
Enterprise Value (EV)	78,135	88,771	88,723	73,763	56,384	56,249	59,867	42,527	41,226	31,610	28,411
Market Capitalization	74,892	86,306	86,064	68,846	50,555	51,198	54,958	38,151	35,761	26,916	23,741
Book Value per Share	$15.46	$16.54	$16.45	$15.63	$14.93	$15.96	$16.02	$14.82	$14.17	$11.61	$12.08
Tangible Book Value per Share	($0.25)	$0.93	$1.02	($7.00)	($7.35)	($6.54)	($5.99)	($5.61)	($6.37)	($5.74)	($5.18)
Total Capital	11,698	12,092	14,067	14,531	14,261	14,702	14,354	13,085	12,899	11,449	11,646
Total Debt	5,373	5,371	7,371	8,114	8,093	8,140	7,770	7,771	7,815	7,280	7,301
Total 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
Net Debt	2,435	1,646	1,840	4,085	5,003	4,201	4,069	4,376	5,465	4,694	4,670
Capital Expenditures (CapEx)	152	267	233	351	295	232	175	217	141	132	122
Debt-free, Cash-free Net Working Capital (DFCFNWC)	923	247	259	-133	586	-98	-78	-671	-117	-717	-575
Debt-free Net Working Capital (DFNWC)	3,861	3,972	5,790	3,896	3,676	3,841	3,623	2,724	2,233	1,869	2,056
Net Working Capital (NWC)	3,595	3,712	3,547	2,899	2,671	2,341	3,118	2,220	1,729	1,865	2,053
Net Nonoperating Expense (NNE)	22	18	9.41	29	41	34	31	123	71	184	43
Net Nonoperating Obligations (NNO)	2,435	1,646	1,840	4,085	5,003	4,201	4,069	4,376	5,465	4,694	4,670
Total Depreciation and Amortization (D&A)	178	181	189	196	203	205	206	211	208	207	204
Debt-free, Cash-free Net Working Capital to Revenue	5.34%	1.51%	1.63%	-0.84%	3.78%	-0.65%	-0.51%	-4.30%	-0.76%	-4.72%	-3.89%
Debt-free Net Working Capital to Revenue	22.35%	24.28%	36.50%	24.49%	23.72%	25.34%	23.61%	17.45%	14.45%	12.32%	13.91%
Net Working Capital to Revenue	20.81%	22.70%	22.36%	18.22%	17.23%	15.45%	20.32%	14.22%	11.19%	12.29%	13.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.37	$1.10	$0.44	($0.10)	$0.09	$0.87	$0.92	($0.79)	($0.43)	($1.64)	$0.44
Adjusted Weighted Average Basic Shares Outstanding	357.90M	357.70M	357.90M	357.90M	358.40M	358.70M	359.10M	359M	359.60M	360M	360.30M
Adjusted Diluted Earnings per Share	$1.35	$1.09	$0.43	($0.08)	$0.09	$0.87	$0.91	($0.79)	($0.43)	($1.64)	$0.44
Adjusted Weighted Average Diluted Shares Outstanding	361.40M	360.40M	361.20M	360.90M	360.50M	360M	360.80M	360.80M	359.60M	360M	361.40M
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	356.81M	357.22M	357.41M	357.69M	357.85M	358.47M	358.56M	358.72M	358.98M	359.72M	359.75M
Normalized Net Operating Profit after Tax (NOPAT)	513	575	172	18	77	363	378	-96	95	323	266
Normalized NOPAT Margin	13.06%	12.45%	4.59%	0.50%	2.20%	8.48%	9.60%	-2.48%	2.81%	8.08%	7.49%
Pre Tax Income Margin	16.11%	11.52%	7.46%	-1.33%	1.31%	12.13%	12.34%	-7.21%	-5.36%	-16.23%	6.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.43	10.73	5.19	-0.02	1.05	5.89	5.69	-2.52	-1.34	-6.48	3.46
NOPAT to Interest Expense	11.12	7.98	2.83	-0.04	0.81	3.66	3.89	-1.79	-0.92	-4.51	2.32
EBIT Less CapEx to Interest Expense	11.13	5.60	1.17	-3.57	-2.05	3.52	3.83	-4.90	-2.87	-7.94	2.06
NOPAT Less CapEx to Interest Expense	7.82	2.84	-1.18	-3.58	-2.30	1.29	2.03	-4.18	-2.45	-5.98	0.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	39.85%	59.40%	84.07%	91.58%	170.14%	196.27%	142.99%	231.54%	438.25%	-120.37%	-85.91%
Augmented Payout Ratio	124.38%	134.77%	136.17%	118.42%	199.64%	206.00%	150.08%	422.25%	800.92%	-232.57%	-175.37%

Key Financial Trends

The latest financial data for Estée Lauder Companies (NYSE: EL) across Q3 2025 to Q2 2023 reveals several key trends in revenue, profitability, cash flow, and liquidity. Below is an analysis highlighting the most significant factors that retail investors should watch.

Revenue Stability and Growth: Operating revenue in Q3 2025 was $3.55 billion, slightly below Q2 2025 ($4.0 billion) but generally stable compared to past quarters. The company showed strong revenue growth in 2023 with Q2 2023 revenue of $4.62 billion, indicating a recovery and expansion cycle over recent years.
Improvement in Net Income: Estée Lauder returned to profitability in Q3 2025 with net income of $159 million, a strong rebound from losses recorded in the first half of 2025 (e.g., net loss of $590 million in Q2 2025). This suggests operational improvements and cost control.
Gross Profit Margins Holding Up: Gross profit was $2.66 billion in Q3 2025, reflecting solid margin control despite slightly fluctuating revenues and operating costs. Historically, gross profit margins have hovered around 60%-70%, supporting earnings resilience.
Positive Operating Cash Flow: Q3 2025 operating cash flow was $284 million, indicating that the company is generating positive cash from operations after a challenging period (Q1 2025 had negative operating cash flow). This improves financial flexibility.
Consistent Dividend Payments: Cash dividends per share remained steady around $0.60-$0.66 over the last few years, reflecting management’s commitment to returning capital to shareholders.
Reduced Debt Levels Recently: The company showed some repayment of debt in recent quarters (e.g., Q3 2025 financing cash flow of negative $138 million), helping moderate leverage and interest expenses which stood at $87 million in Q3 2025 versus higher historical levels.
Operating Expenses Volatility: SG&A expenses remain high, around $2.26 billion in Q3 2025, but lower than $2.58 billion in Q2 2025. Some special charges and restructuring costs in prior quarters inflated expenses, but these have moderated recently.
Inventories and Working Capital: Inventories were relatively stable at approximately $1.96 billion in Q3 2025, comparable to prior quarters. Changes in working capital have caused fluctuations in operating cash flow across quarters, indicating management is balancing stock and receivables carefully.
Equity and Balance Sheet Size: Total equity was about $4.35 billion in Q3 2025, down slightly from earlier quarters due to accumulated losses and treasury stock repurchases, but total assets remain near $19.9 billion, showing the company’s large asset base.
Recent Losses and Volatility in Profitability: Estée Lauder faced quarterly losses at various points in 2024 and early 2025, including a substantial $590 million loss in Q2 2025. This volatility poses risks related to operational challenges and market uncertainty.
High Restructuring and Special Charges in 2024-2025: The firm incurred significant restructuring costs, such as $181 million in Q2 2025 and prior impairment charges (e.g., $861 million in Q2 2025), pressuring earnings and cash flow in the near term.

In summary, Estée Lauder Companies is showing signs of recovery with improved profitability and cash flow generation in the most recent quarter after a tough 2024 and early 2025 marked by losses, restructuring charges, and higher expenses. Revenue remains stable, and operating efficiencies appear to be materializing. However, the company’s earnings have been volatile, and ongoing cost pressures and restructuring-related expenses may continue to weigh on near-term results.

Investors should monitor future quarterly earnings for consistent earnings recovery and margin expansion, as well as how effectively management deploys capital to reduce debt and invest in growth. The solid balance sheet and positive cash generation provide a base for optimism, but the path to stable growth may still involve navigating significant operational challenges.

08/13/25 07:45 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Estee Lauder Companies' Financials

When does Estee Lauder Companies' financial year end?

According to the most recent income statement we have on file, Estee Lauder Companies' fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

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

Recent net income reported by Estee Lauder Companies includes:

2020: $696 million
2021: $2.88 billion
2022: $2.41 billion
2023: $1.01 billion
2024: $409 million

Find out what analysts predict for Estee Lauder Companies in the coming months.

What is Estee Lauder Companies' operating income?

Estee Lauder Companies' total operating income in 2024 was $970 million, based on the following breakdown:

Total Gross Profit: $11.18 billion
Total Operating Expenses: $10.21 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 $10.97 billion in 2014 to $15.61 billion in 2024, a change of 42.3%.

How much debt does Estee Lauder Companies have?

Estee Lauder Companies' total liabilities were at $16.36 billion at the end of 2024, a 3.7% decrease from 2023, and a 309.1% increase since 2014.

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 $3.40 billion as of their latest financial filing in 2024.

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 10.07 in 2014 to 14.82 in 2024, a change of 47.2%.

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This page (NYSE:EL) was last updated on 8/13/2025 by MarketBeat.com Staff

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Estee Lauder Companies (EL) Financials

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