Estee Lauder Companies (EL) Financials

$88.15 +9.24 (+11.71%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$88.36 +0.21 (+0.24%)

As of 05/22/2026 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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	31	313	330	-284	-156	-590	159	-546	47	162	89
Consolidated Net Income / (Loss)	36	324	335	-286	-156	-590	159	-546	47	162	89
Net Income / (Loss) Continuing Operations	36	324	335	-286	-156	-590	159	-546	47	162	89
Total Pre-Tax Income	46	519	486	-279	-180	-650	241	-451	109	333	179
Total Operating Income	98	574	531	-233	-121	-580	306	-390	169	401	249
Total Gross Profit	2,448	3,125	2,833	2,778	2,433	3,047	2,661	2,456	2,554	3,235	2,836
Total Revenue	3,518	4,279	3,940	3,871	3,361	4,004	3,550	3,411	3,481	4,229	3,712
Operating Revenue	3,518	4,279	3,940	3,871	3,361	4,004	3,550	3,411	3,481	4,229	3,712
Total Cost of Revenue	1,070	1,154	1,107	1,093	928	957	889	955	927	994	876
Operating Cost of Revenue	1,070	1,154	1,107	1,093	928	957	889	955	927	994	876
Total Operating Expenses	2,350	2,551	2,302	3,011	2,554	3,627	2,355	2,846	2,385	2,834	2,587
Selling, General & Admin Expense	2,349	2,544	2,284	2,444	2,298	2,585	2,258	2,315	2,296	2,627	2,279
Impairment Charge	-	0.00	0.00	-	-	861	0.00	-	-	0.00	0.00
Restructuring Charge	1.00	7.00	18	96	97	181	97	106	89	207	224
Other Special Charges / (Income)	0.00	0.00	0.00	-	159	0.00	0.00	-	0.00	0.00	84
Total Other Income / (Expense), net	-52	-55	-45	-46	-59	-70	-65	-61	-60	-68	-70
Interest Expense	95	98	94	91	92	90	87	88	86	85	82
Interest & Investment Income	41	40	45	41	35	23	27	29	30	21	15
Other Income / (Expense), net	2.00	3.00	4.00	4.00	-2.00	-3.00	-5.00	-2.00	-4.00	-4.00	-3.00
Income Tax Expense	10	195	151	7.00	-24	-60	82	95	62	171	90
Basic Earnings per Share	$0.09	$0.87	$0.92	($0.79)	($0.43)	($1.64)	$0.44	($1.52)	$0.13	$0.45	$0.25
Weighted Average Basic Shares Outstanding	358.40M	358.70M	359.10M	359M	359.60M	360M	360.30M	360.10M	361.20M	362.10M	362.70M
Diluted Earnings per Share	$0.09	$0.87	$0.91	($0.79)	($0.43)	($1.64)	$0.44	($1.52)	$0.13	$0.44	$0.24
Weighted Average Diluted Shares Outstanding	360.50M	360M	360.80M	360.80M	359.60M	360M	361.40M	360.10M	363.30M	364.80M	365.40M
Weighted Average Basic & Diluted Shares Outstanding	357.85M	358.47M	358.56M	358.72M	358.98M	359.72M	359.75M	359.89M	360.36M	361.73M	361.79M
Cash Dividends to Common per Share	$0.66	$0.66	$0.66	$0.66	-	$0.35	$0.35	-	-	$0.35	$0.35

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-939	849	-238	-306	-1,045	236	45	290	-702	863	44
Net Cash From Operating Activities	-408	1,345	534	889	-670	1,057	284	601	-340	1,125	412
Net Cash From Continuing Operating Activities	-408	1,345	534	889	-670	1,057	284	601	-340	1,125	412
Net Income / (Loss) Continuing Operations	36	324	335	-286	-156	-590	159	-546	47	162	89
Consolidated Net Income / (Loss)	36	324	335	-286	-156	-590	159	-546	47	162	89
Depreciation Expense	203	205	206	211	208	207	204	210	200	197	201
Non-Cash Adjustments To Reconcile Net Income	46	128	107	495	73	984	84	485	82	110	121
Changes in Operating Assets and Liabilities, net	-693	688	-114	469	-795	456	-163	452	-669	656	1.00
Net Cash From Investing Activities	-295	-262	-178	-225	-160	-134	-114	-215	-116	-92	-96
Net Cash From Continuing Investing Activities	-295	-262	-178	-225	-160	-134	-114	-215	-116	-92	-96
Purchase of Property, Plant & Equipment	-295	-232	-175	-217	-141	-132	-122	-207	-96	-108	-102
Purchase of Investments	0.00	-30	-3.00	-8.00	-19	-2.00	5.00	-8.00	-23	6.00	6.00
Net Cash From Financing Activities	-219	-270	-570	-976	-226	-652	-138	-128	-239	-180	-263
Net Cash From Continuing Financing Activities	-219	-270	-570	-976	-226	-652	-138	-128	-239	-180	-263
Repayment of Debt	-3.00	-787	-221	-3.00	-1.00	-501	-1.00	-2.00	-1.00	-1.00	-1.00
Repurchase of Common Equity	-3.00	-30	-1.00	-746	-10	-25	-	-	-9.00	-58	-3.00
Payment of Dividends	-236	-238	-236	-237	-240	-126	-147	-126	-127	-128	-126
Other Financing Activities, net	24	4.00	19	11	25	-	10	-	-102	7.00	-133

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
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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Total Assets	23,415	22,650	23,283	22,700	21,677	21,317	19,760	19,886	19,329	19,634	19,664
Total Current Assets	9,139	8,585	8,915	8,534	7,922	7,215	6,896	7,017	6,714	7,158	7,496
Cash & Equivalents	4,029	3,090	3,939	3,701	3,395	2,350	2,586	2,631	2,219	3,082	3,126
Accounts Receivable	1,452	1,909	1,752	1,854	1,727	1,977	1,611	1,792	1,884	1,657	1,746
Inventories, net	2,979	2,863	2,603	2,307	2,175	2,255	2,002	1,959	2,062	1,895	1,917
Prepaid Expenses	679	723	621	672	625	633	697	635	549	524	707
Plant, Property, & Equipment, net	3,179	3,103	3,220	3,133	3,136	3,233	3,049	3,059	3,065	2,966	2,845
Total Noncurrent Assets	11,097	10,962	11,148	11,033	10,619	10,869	9,815	9,810	9,550	9,510	9,323
Goodwill	2,486	2,455	2,497	2,453	2,143	2,162	2,073	2,080	2,119	2,137	2,116
Intangible Assets	5,602	5,515	5,554	5,438	5,183	5,207	4,158	4,129	3,706	3,696	3,635
Other Noncurrent Operating Assets	3,009	2,992	3,097	3,142	3,293	3,500	3,584	3,601	3,725	3,677	3,572
Total Liabilities & Shareholders' Equity	23,415	22,650	23,283	22,700	21,677	21,317	19,760	19,886	19,329	19,634	19,664
Total Liabilities	16,998	16,482	16,721	16,116	16,363	16,233	15,591	15,541	15,439	15,603	15,671
Total Current Liabilities	6,240	5,914	6,574	5,416	5,702	5,486	5,031	4,964	5,083	5,271	5,911
Short-Term Debt	997	1,005	1,500	505	504	504	4.00	3.00	3.00	3.00	502
Accounts Payable	1,670	1,257	1,252	1,197	1,440	1,135	1,133	1,214	1,289	1,260	1,324
Accrued Expenses	3,216	3,300	3,456	3,351	3,404	3,454	3,497	3,348	3,376	3,595	3,684
Other Current Liabilities	357	352	366	363	354	393	397	399	415	413	401
Total Noncurrent Liabilities	10,758	10,568	10,147	10,700	10,661	10,747	10,560	10,577	10,356	10,332	9,760
Long-Term Debt	7,117	7,088	6,640	7,265	7,267	7,311	7,276	7,298	7,320	7,319	6,810
Other Noncurrent Operating Liabilities	3,641	3,480	3,507	3,435	3,394	3,436	3,284	3,279	3,036	3,013	2,950
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	5,585	5,342	5,712	5,744	5,314	5,084	4,169	4,345	3,890	4,031	3,993
Total Preferred & Common Equity	5,585	5,342	5,712	5,744	5,314	5,084	4,169	4,345	3,890	4,031	3,993
Total Common Equity	5,585	5,342	5,712	5,744	5,314	5,084	4,169	4,345	3,890	4,031	3,993
Common Stock	6,159	6,255	6,373	6,471	6,691	6,784	6,895	6,972	7,147	7,251	7,330
Retained Earnings	13,991	13,784	13,858	13,950	13,427	13,031	12,313	12,344	11,591	11,624	11,585
Treasury Stock	-13,631	-13,634	-13,663	-13,663	-13,664	-13,674	-13,698	-13,698	-13,707	-13,764	-13,766
Accumulated Other Comprehensive Income / (Loss)	-934	-1,063	-856	-1,014	-1,140	-1,057	-1,341	-1,273	-1,141	-1,080	-1,156

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	361,727,043.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	361,727,043.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.25
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.48%	-7.38%	5.04%	7.26%	-4.46%	-6.43%	-9.90%	-11.88%	3.57%	5.62%	4.56%
EBITDA Growth	-64.01%	5.82%	51.22%	-109.28%	-71.95%	-148.08%	-31.85%	-911.11%	329.41%	257.98%	-11.49%
EBIT Growth	-84.94%	3.41%	77.74%	-11,350.00%	-223.00%	-201.04%	-43.74%	-71.18%	234.15%	168.10%	-18.27%
NOPAT Growth	-85.01%	-13.64%	122.62%	-4,560.00%	-210.44%	-213.30%	-44.84%	-67.38%	186.03%	148.05%	-38.68%
Net Income Growth	-92.65%	-18.39%	116.13%	-793.75%	-533.33%	-282.10%	-52.54%	-90.91%	130.13%	127.46%	-44.03%
EPS Growth	-93.33%	-20.18%	111.63%	-887.50%	-577.78%	-288.51%	-51.65%	-92.41%	130.23%	126.83%	-45.45%
Operating Cash Flow Growth	37.23%	-4.00%	100.75%	24.51%	-64.22%	-21.41%	-46.82%	-32.40%	49.25%	6.43%	45.07%
Free Cash Flow Firm Growth	-11,978.92%	-898.41%	-682.86%	124.78%	123.02%	173.32%	205.08%	78.15%	202.97%	-47.32%	-47.83%
Invested Capital Growth	27.52%	28.64%	24.80%	-7.73%	-5.57%	-17.65%	-15.38%	-14.75%	-14.74%	-6.68%	-9.27%
Revenue Q/Q Growth	-2.52%	21.63%	-7.92%	-1.75%	-13.17%	19.13%	-11.34%	-3.92%	2.05%	21.49%	-12.23%
EBITDA Q/Q Growth	56.19%	158.09%	-5.24%	-102.43%	572.22%	-542.35%	234.31%	-136.04%	300.55%	62.74%	-24.75%
EBIT Q/Q Growth	5,100.00%	477.00%	-7.28%	-142.80%	46.29%	-373.98%	151.63%	-230.23%	142.09%	140.61%	-38.04%
NOPAT Q/Q Growth	2,291.30%	367.22%	2.14%	-144.56%	48.07%	-379.34%	149.73%	-235.23%	126.69%	167.71%	-36.54%
Net Income Q/Q Growth	212.50%	800.00%	3.40%	-185.37%	45.45%	-278.21%	126.95%	-443.40%	108.61%	244.68%	-45.06%
EPS Q/Q Growth	212.50%	866.67%	4.60%	-186.81%	45.57%	-281.40%	126.83%	-445.45%	108.55%	238.46%	-45.45%
Operating Cash Flow Q/Q Growth	-157.14%	429.66%	-60.30%	66.48%	-175.37%	257.76%	-73.13%	111.62%	-156.57%	430.88%	-63.38%
Free Cash Flow Firm Q/Q Growth	10.85%	12.71%	14.07%	137.06%	-17.20%	178.06%	23.15%	-37.17%	40.82%	-51.65%	21.94%
Invested Capital Q/Q Growth	6.37%	-3.65%	-1.02%	-9.04%	8.86%	-15.98%	1.72%	-8.36%	8.87%	-8.04%	-1.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.59%	73.03%	71.90%	71.76%	72.39%	76.10%	74.96%	72.00%	73.37%	76.50%	76.40%
EBITDA Margin	8.61%	18.28%	18.81%	-0.47%	2.53%	-9.39%	14.23%	-5.34%	10.49%	14.05%	12.04%
Operating Margin	2.79%	13.41%	13.48%	-6.02%	-3.60%	-14.49%	8.62%	-11.43%	4.85%	9.48%	6.71%
EBIT Margin	2.84%	13.48%	13.58%	-5.92%	-3.66%	-14.56%	8.48%	-11.49%	4.74%	9.39%	6.63%
Profit (Net Income) Margin	1.02%	7.57%	8.50%	-7.39%	-4.64%	-14.74%	4.48%	-16.01%	1.35%	3.83%	2.40%
Tax Burden Percent	78.26%	62.43%	68.93%	102.51%	86.67%	90.77%	65.98%	121.06%	43.12%	48.65%	49.72%
Interest Burden Percent	46.00%	89.95%	90.84%	121.83%	146.34%	111.49%	80.07%	115.05%	66.06%	83.88%	72.76%
Effective Tax Rate	21.74%	37.57%	31.07%	0.00%	0.00%	0.00%	34.02%	0.00%	56.88%	51.35%	50.28%
Return on Invested Capital (ROIC)	3.39%	13.27%	14.86%	-6.51%	-3.59%	-15.68%	8.55%	-12.77%	3.09%	7.90%	5.75%
ROIC Less NNEP Spread (ROIC-NNEP)	2.30%	12.10%	13.81%	-9.42%	-4.95%	-19.82%	7.57%	-19.00%	2.61%	7.16%	4.97%
Return on Net Nonoperating Assets (RNNOA)	1.37%	5.32%	6.14%	-6.79%	-4.60%	-16.43%	6.05%	-18.16%	3.07%	7.80%	5.28%
Return on Equity (ROE)	4.76%	18.59%	21.00%	-13.31%	-8.19%	-32.11%	14.60%	-30.93%	6.16%	15.70%	11.03%
Cash Return on Invested Capital (CROIC)	-17.68%	-18.94%	-13.81%	13.13%	8.48%	16.49%	12.19%	9.80%	12.37%	2.56%	2.44%
Operating Return on Assets (OROA)	2.07%	9.29%	9.18%	-4.10%	-2.57%	-10.27%	5.89%	-7.92%	3.37%	6.99%	4.97%
Return on Assets (ROA)	0.74%	5.22%	5.75%	-5.11%	-3.26%	-10.39%	3.11%	-11.03%	0.96%	2.85%	1.80%
Return on Common Equity (ROCE)	4.14%	16.26%	18.38%	-12.36%	-7.59%	-29.57%	13.48%	-30.93%	6.16%	15.70%	11.03%
Return on Equity Simple (ROE_SIMPLE)	10.41%	8.46%	11.54%	0.00%	4.27%	-16.72%	-20.09%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	77	358	366	-163	-85	-406	202	-273	73	195	124
NOPAT Margin	2.18%	8.37%	9.29%	-4.21%	-2.52%	-10.14%	5.69%	-8.00%	2.09%	4.61%	3.34%
Net Nonoperating Expense Percent (NNEP)	1.09%	1.17%	1.05%	2.91%	1.36%	4.14%	0.98%	6.22%	0.49%	0.74%	0.79%
Return On Investment Capital (ROIC_SIMPLE)	-	2.59%	-	-	-	-3.55%	1.73%	-2.44%	0.65%	1.72%	1.10%
Cost of Revenue to Revenue	30.42%	26.97%	28.10%	28.24%	27.61%	23.90%	25.04%	28.00%	26.63%	23.50%	23.60%
SG&A Expenses to Revenue	66.77%	59.45%	57.97%	63.14%	68.37%	64.56%	63.61%	67.87%	65.96%	62.12%	61.40%
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	66.80%	59.62%	58.43%	77.78%	75.99%	90.58%	66.34%	83.44%	68.51%	67.01%	69.69%
Earnings before Interest and Taxes (EBIT)	100	577	535	-229	-123	-583	301	-392	165	397	246
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	303	782	741	-18	85	-376	505	-182	365	594	447
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.46	8.96	9.57	7.18	7.03	6.46	5.46	7.52	8.15	9.36	6.50
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.26	3.38	3.58	2.44	2.31	1.77	1.61	2.03	2.20	2.57	1.75
Price to Earnings (P/E)	92.25	109.63	85.74	97.82	176.16	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	1.87%	1.85%	1.72%	2.48%	2.65%	3.11%	3.06%	2.12%	1.59%	1.34%	1.95%
Earnings Yield	1.08%	0.91%	1.17%	1.02%	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.05	5.23	5.62	4.39	3.91	3.57	3.15	4.05	4.09	5.08	3.69
Enterprise Value to Revenue (EV/Rev)	3.64	3.71	3.90	2.72	2.67	2.08	1.92	2.34	2.55	2.86	2.03
Enterprise Value to EBITDA (EV/EBITDA)	32.67	31.80	29.64	23.52	25.93	73.17	144.96	1,045.75	118.00	32.74	24.63
Enterprise Value to EBIT (EV/EBIT)	58.92	57.63	49.48	43.26	54.24	0.00	0.00	0.00	0.00	89.12	72.47
Enterprise Value to NOPAT (EV/NOPAT)	86.83	96.28	75.60	82.75	138.12	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	28.58	29.34	27.40	18.02	19.65	17.46	18.21	26.31	22.98	25.14	16.77
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	32.07	44.79	19.54	23.71	38.05	30.47	191.57	143.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	1.24	1.18	1.46	1.54	1.75	1.68	1.89	1.88	1.82	1.83
Long-Term Debt to Equity	1.15	1.01	1.10	1.37	1.44	1.75	1.68	1.89	1.88	1.82	1.71
Financial Leverage	0.60	0.44	0.45	0.72	0.93	0.83	0.80	0.96	1.18	1.09	1.06
Leverage Ratio	3.41	3.31	3.42	3.84	3.91	4.01	3.90	4.53	4.53	4.80	4.74
Compound Leverage Factor	1.57	2.98	3.11	4.68	5.72	4.47	3.12	5.21	2.99	4.03	3.45
Debt to Total Capital	56.75%	55.37%	54.13%	59.39%	60.59%	63.59%	62.69%	65.44%	65.31%	64.49%	64.68%
Short-Term Debt to Total Capital	7.05%	10.20%	3.52%	3.85%	3.91%	0.03%	0.03%	0.03%	0.03%	0.03%	4.44%
Long-Term Debt to Total Capital	49.70%	45.16%	50.61%	55.54%	56.68%	63.55%	62.67%	65.41%	65.28%	64.47%	60.24%
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	5.79%	5.78%	5.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	37.46%	38.85%	40.02%	40.61%	39.41%	36.41%	37.31%	34.56%	34.69%	35.51%	35.32%
Debt to EBITDA	4.69	4.60	3.85	4.30	4.92	16.85	37.25	228.66	23.47	5.71	5.97
Net Debt to EBITDA	2.90	2.37	2.01	2.42	3.44	10.87	23.83	137.38	16.36	3.31	3.42
Long-Term Debt to EBITDA	4.11	3.75	3.60	4.02	4.60	16.84	37.23	228.56	23.46	5.71	5.56
Debt to NOPAT	12.46	13.93	9.81	15.12	26.18	-25.81	-16.61	-13.32	-21.13	-19.64	-11.68
Net Debt to NOPAT	7.70	7.19	5.14	8.52	18.31	-16.64	-10.62	-8.00	-14.73	-11.37	-6.69
Long-Term Debt to NOPAT	10.92	11.37	9.17	14.14	24.49	-25.79	-16.60	-13.31	-21.13	-19.63	-10.88
Altman Z-Score	3.53	3.52	3.83	3.07	2.98	2.69	2.70	2.66	2.95	3.21	2.71
Noncontrolling Interest Sharing Ratio	13.08%	12.56%	12.49%	7.09%	7.34%	7.92%	7.69%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.45	1.36	1.58	1.39	1.32	1.37	1.41	1.30	1.32	1.36	1.27
Quick Ratio	0.85	0.87	1.03	0.90	0.79	0.83	0.89	0.82	0.81	0.90	0.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,334	-2,038	-1,751	649	537	1,494	1,840	1,156	1,628	787	960
Operating Cash Flow to CapEx	-138.31%	579.74%	305.14%	409.68%	-475.18%	800.76%	232.79%	290.34%	-354.17%	1,041.67%	403.92%
Free Cash Flow to Firm to Interest Expense	-24.57	-20.79	-18.63	7.13	5.84	16.60	21.15	13.14	18.93	9.26	11.70
Operating Cash Flow to Interest Expense	-4.29	13.72	5.68	9.77	-7.28	11.74	3.26	6.83	-3.95	13.24	5.02
Operating Cash Flow Less CapEx to Interest Expense	-7.40	11.36	3.82	7.38	-8.82	10.28	1.86	4.48	-5.07	11.96	3.78
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.69	0.68	0.69	0.70	0.71	0.69	0.69	0.71	0.74	0.75
Accounts Receivable Turnover	7.63	8.23	8.17	9.82	7.95	9.03	8.11	8.80	7.48	8.98	8.39
Inventory Turnover	1.57	1.60	1.66	1.72	1.67	1.77	1.81	1.76	1.73	1.93	1.94
Fixed Asset Turnover	5.38	4.95	4.98	4.94	4.88	4.84	4.78	4.54	4.59	4.88	5.02
Accounts Payable Turnover	3.48	3.30	3.31	2.85	3.58	3.43	3.21	2.54	3.08	3.15	2.96
Days Sales Outstanding (DSO)	47.87	44.36	44.69	37.17	45.90	40.44	45.00	41.49	48.78	40.65	43.53
Days Inventory Outstanding (DIO)	232.77	227.70	219.45	212.61	218.13	205.73	201.33	207.95	211.33	188.90	188.53
Days Payable Outstanding (DPO)	104.85	110.76	110.34	128.29	101.95	106.55	113.79	143.74	118.66	116.00	123.45
Cash Conversion Cycle (CCC)	175.79	161.30	153.81	121.49	162.08	139.62	132.55	105.70	141.45	113.56	108.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,171	10,763	10,653	9,690	10,549	8,863	9,015	8,261	8,994	8,271	8,179
Invested Capital Turnover	1.56	1.58	1.60	1.55	1.42	1.55	1.50	1.60	1.48	1.71	1.73
Increase / (Decrease) in Invested Capital	2,411	2,396	2,117	-812	-622	-1,900	-1,638	-1,429	-1,555	-592	-836
Enterprise Value (EV)	56,384	56,249	59,867	42,527	41,226	31,610	28,411	33,464	36,817	41,977	30,147
Market Capitalization	50,555	51,198	54,958	38,151	35,761	26,916	23,741	29,068	31,713	37,737	25,961
Book Value per Share	$14.93	$15.96	$16.02	$14.82	$14.17	$11.61	$12.08	$10.74	$10.81	$11.19	$11.04
Tangible Book Value per Share	($7.35)	($6.54)	($5.99)	($5.61)	($6.37)	($5.74)	($5.18)	($5.64)	($5.38)	($5.00)	($4.86)
Total Capital	14,261	14,702	14,354	13,085	12,899	11,449	11,646	11,182	11,213	11,353	11,305
Total Debt	8,093	8,140	7,770	7,771	7,815	7,280	7,301	7,317	7,323	7,322	7,312
Total Long-Term Debt	7,088	6,640	7,265	7,267	7,311	7,276	7,298	7,314	7,320	7,319	6,810
Net Debt	5,003	4,201	4,069	4,376	5,465	4,694	4,670	4,396	5,104	4,240	4,186
Capital Expenditures (CapEx)	295	232	175	217	141	132	122	207	96	108	102
Debt-free, Cash-free Net Working Capital (DFCFNWC)	586	-98	-78	-671	-117	-717	-575	-1,284	-585	-1,192	-1,039
Debt-free Net Working Capital (DFNWC)	3,676	3,841	3,623	2,724	2,233	1,869	2,056	1,637	1,634	1,890	2,087
Net Working Capital (NWC)	2,671	2,341	3,118	2,220	1,729	1,865	2,053	1,634	1,631	1,887	1,585
Net Nonoperating Expense (NNE)	41	34	31	123	71	184	43	273	26	33	35
Net Nonoperating Obligations (NNO)	5,003	4,201	4,069	4,376	5,465	4,694	4,670	4,396	5,104	4,240	4,186
Total Depreciation and Amortization (D&A)	203	205	206	211	208	207	204	210	200	197	201
Debt-free, Cash-free Net Working Capital to Revenue	3.78%	-0.65%	-0.51%	-4.30%	-0.76%	-4.72%	-3.89%	-8.96%	-4.05%	-8.12%	-7.00%
Debt-free Net Working Capital to Revenue	23.72%	25.34%	23.61%	17.45%	14.45%	12.32%	13.91%	11.43%	11.31%	12.88%	14.07%
Net Working Capital to Revenue	17.23%	15.45%	20.32%	14.22%	11.19%	12.29%	13.88%	11.41%	11.29%	12.86%	10.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.09	$0.87	$0.92	($0.79)	($0.43)	($1.64)	$0.44	($1.52)	$0.13	$0.45	$0.25
Adjusted Weighted Average Basic Shares Outstanding	358.40M	358.70M	359.10M	359M	359.60M	360M	360.30M	360.10M	361.20M	362.10M	362.70M
Adjusted Diluted Earnings per Share	$0.09	$0.87	$0.91	($0.79)	($0.43)	($1.64)	$0.44	($1.52)	$0.13	$0.44	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	360.50M	360M	360.80M	360.80M	359.60M	360M	361.40M	360.10M	363.30M	364.80M	365.40M
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	357.85M	358.47M	358.56M	358.72M	358.98M	359.72M	359.75M	359.89M	360.36M	361.73M	361.79M
Normalized Net Operating Profit after Tax (NOPAT)	77	363	378	-96	95	323	266	-199	181	426	390
Normalized NOPAT Margin	2.20%	8.48%	9.60%	-2.48%	2.81%	8.08%	7.49%	-5.83%	5.19%	10.06%	10.50%
Pre Tax Income Margin	1.31%	12.13%	12.34%	-7.21%	-5.36%	-16.23%	6.79%	-13.22%	3.13%	7.87%	4.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.05	5.89	5.69	-2.52	-1.34	-6.48	3.46	-4.45	1.92	4.67	3.00
NOPAT to Interest Expense	0.81	3.66	3.89	-1.79	-0.92	-4.51	2.32	-3.10	0.85	2.30	1.51
EBIT Less CapEx to Interest Expense	-2.05	3.52	3.83	-4.90	-2.87	-7.94	2.06	-6.81	0.80	3.40	1.76
NOPAT Less CapEx to Interest Expense	-2.30	1.29	2.03	-4.18	-2.45	-5.98	0.92	-5.45	-0.27	1.02	0.27
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	170.14%	196.27%	142.99%	231.54%	438.25%	-120.37%	-85.91%	-56.40%	-56.56%	-296.63%	-204.44%
Augmented Payout Ratio	199.64%	206.00%	150.08%	422.25%	800.92%	-232.57%	-175.37%	-59.49%	-60.22%	-334.27%	-232.66%

Financials Breakdown Chart

Key Financial Trends

Estee Lauder Companies (NYSE: EL) has shown a mix of solid profitability and episodic cash-flow volatility across the last four years of quarterly results. Below are the key takeaways based on the provided quarterly statements (Q1–Q4 2023 through Q2 2026). Items are grouped with positives first, then neutral, then negatives.

Strong near-term profitability in the latest quarter: In Q2 2026, Consolidated Net Income / (Loss) and Net Income from Continuing Operations were $162 million, with EPS of about $0.44 (Basic $0.45, Diluted $0.44).
Robust gross margin in the latest quarter: Q2 2026 gross margin sits around 76% (Gross Profit ≈ $3.235B on Revenue ≈ $4.229B), signaling pricing power and product mix resilience.
Positive quarterly cash generation in the latest quarter: Net Cash From Continuing Operating Activities in Q2 2026 was roughly $1.125B, highlighting strong operating cash flow.
Healthy free cash flow in the latest quarter: Approximate free cash flow in Q2 2026 is about $1.02B (Operating Cash Flow ≈ $1.125B less Capex ≈ $108M).
Ongoing capital returns to shareholders: The company continues share repurchases (e.g., about $58M in Q2 2026) alongside a regular dividend per share of $0.35, indicating active capital return to holders.
Solid liquidity position: Cash & Equivalents around $3.08B in Q2 2026, contributing to a stable liquidity backdrop amid volatile quarters.
Healthy per-share profitability in latest quarter: EPS figures in Q2 2026 show meaningful earnings per share (Basic $0.45, Diluted $0.44) on a large share count base (~361–365M).
Stable, sizable asset base likely to support ongoing operations: Total assets near $19.6B with equity around $4.0B in recent quarters, underscoring a durable balance sheet foundation.
Ongoing capitalization and investment activity: Quarterly capital expenditures generally run in the low-to-mid hundreds of millions (e.g., CAPEX in the $96–$207M range across recent quarters), indicating continued investment in properties, plant, and equipment.
Debt level remains elevated but steady: Long-term debt typically in the $7.0–7.4B range across recent years, with no dramatic year-over-year swing, suggesting manageable leverage in the current cycle.

Operating cash flow variability tied to seasonality and working capital: Some quarters show negative or negative-to-positive swings in net cash from operating activities (e.g., Q1 2026 and several earlier peaks). This is typical for a cosmetics retailer with seasonal working capital dynamics.
Levered balance sheet dynamics: Long-term debt around $7.0–7.4B across multiple quarters, indicating leverage that may constrain flexibility but is within historic ranges for EL.
Capital return cadence can swing cash flow: Regular buybacks and varying dividend timing mean cash outflows for returns to shareholders can dampen short-term cash conversion in some quarters.
Seasonality evident in revenue patterns: Quarterly revenue generally ranges around $3.5–$4.5B, with some quarters stronger than others, reflecting holiday-season demand and channel mix.
Impairments relatively muted in recent periods: Impairment charges have been minimal in the latest reported quarters, contributing to steadier earnings in those periods.

Notable quarterly net income volatility (some quarters show losses): Several quarters in 2024–2025 posted negative net income (e.g., Q4 2025 and Q2 2025 show meaningful losses), reflecting episodic charges or softer demand in particular periods.
Cash flow from operations can flip negative in some quarters: Q1 2025 and Q1 2026 show negative net cash from continuing operating activities, underscoring sensitivity to working capital shifts.
Debt burden remains a consideration for multiple-year planning: Consistently high long-term debt (around $7B) may limit aggressive total-return or strategic financing options in tougher quarters.
Seasonal and profitability mix risks: While Q2 2026 looks strong, earlier quarters occasionally faced pressure on margins and earnings due to product mix and macro factors.

05/24/26 11:08 AM ETAI Generated. May Contain Errors.

Estee Lauder Companies Financials - Frequently Asked Questions

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

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 where experts think Estee Lauder Companies is headed by visiting Estee Lauder Companies' forecast page.

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

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%.

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.

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.

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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Financial statements for NYSE:EL last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Estee Lauder Companies (EL) Financials

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Estee Lauder Companies (EL) Financials

Annual Income Statements for Estee Lauder Companies

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Quarterly Metrics And Ratios for Estee Lauder Companies

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