Kenvue (KVUE) Financials

$17.18 -0.02 (-0.09%)

Closing price 03:59 PM Eastern

Extended Trading

$17.19 +0.02 (+0.09%)

As of 07:49 PM Eastern

Annual Income Statements for Kenvue

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

Metric	2021	2022	2023	2024	2025
Period end date	1/2/2022	1/1/2023	12/31/2023	12/29/2024	12/28/2025
Net Income / (Loss) Attributable to Common Shareholders	2,078	2,064	1,664	1,030	1,470
Consolidated Net Income / (Loss)	2,078	2,064	1,664	1,030	1,470
Net Income / (Loss) Continuing Operations	2,078	2,064	1,664	1,030	1,470
Total Pre-Tax Income	2,925	2,637	2,190	1,415	1,999
Total Operating Income	2,920	2,675	2,512	1,841	2,414
Total Gross Profit	8,419	8,285	8,643	8,959	8,792
Total Revenue	15,054	14,950	15,444	15,455	15,124
Operating Revenue	15,054	14,950	15,444	15,455	15,124
Total Cost of Revenue	6,635	6,665	6,801	6,496	6,332
Operating Cost of Revenue	6,635	6,665	6,801	6,496	6,332
Total Operating Expenses	5,499	5,610	6,131	7,118	6,378
Selling, General & Admin Expense	5,484	5,633	6,141	6,329	6,088
Other Operating Expenses / (Income)	15	-35	-10	26	-23
Impairment Charge	-	12	0.00	578	23
Restructuring Charge	-	0.00	0.00	185	290
Total Other Income / (Expense), net	5.00	-38	-322	-426	-415
Interest & Investment Income	-	0.00	-250	-378	-379
Other Income / (Expense), net	5.00	-38	-72	-48	-36
Income Tax Expense	847	573	526	385	529
Basic Earnings per Share	$1.21	$1.20	$0.90	$0.54	$0.77
Weighted Average Basic Shares Outstanding	1.72B	1.72B	1.85B	1.92B	1.92B
Diluted Earnings per Share	$1.21	$1.20	$0.90	$0.54	$0.76
Weighted Average Diluted Shares Outstanding	1.72B	1.72B	1.85B	1.92B	1.92B
Weighted Average Basic & Diluted Shares Outstanding	-	-	1.91B	1.91B	1.92B
Cash Dividends to Common per Share	-	-	$0.40	$0.81	$0.83

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025	3/29/2026
Net Income / (Loss) Attributable to Common Shareholders	438	327	296	58	383	293	322	420	398	330	474
Consolidated Net Income / (Loss)	438	327	296	58	383	293	322	420	398	330	474
Net Income / (Loss) Continuing Operations	438	327	296	58	383	293	322	420	398	330	474
Total Pre-Tax Income	585	357	427	65	577	346	458	588	526	427	672
Total Operating Income	710	460	550	154	654	483	558	692	629	535	767
Total Gross Profit	2,250	2,043	2,242	2,365	2,282	2,070	2,168	2,261	2,226	2,137	2,302
Total Revenue	3,915	3,666	3,894	4,000	3,899	3,662	3,741	3,839	3,764	3,780	3,909
Operating Revenue	3,915	3,666	3,894	4,000	3,899	3,662	3,741	3,839	3,764	3,780	3,909
Total Cost of Revenue	1,665	1,623	1,652	1,635	1,617	1,592	1,573	1,578	1,538	1,643	1,607
Operating Cost of Revenue	1,665	1,623	1,652	1,635	1,617	1,592	1,573	1,578	1,538	1,643	1,607
Total Operating Expenses	1,540	1,583	1,692	2,211	1,628	1,587	1,610	1,569	1,597	1,602	1,535
Selling, General & Admin Expense	1,531	1,586	1,573	1,641	1,590	1,525	1,537	1,504	1,512	1,535	1,453
Other Operating Expenses / (Income)	9.00	-3.00	10	12	7.00	-71	13	5.00	1.00	-42	11
Restructuring Charge	0.00	-	41	48	31	65	60	60	84	86	71
Total Other Income / (Expense), net	-125	-103	-123	-89	-77	-137	-100	-104	-103	-108	-95
Interest & Investment Income	-100	-	-95	-92	-96	-	-94	-94	-93	-98	-95
Other Income / (Expense), net	-25	-7.00	-28	3.00	19	-42	-6.00	-10	-10	-10	0.00
Income Tax Expense	147	30	131	7.00	194	53	136	168	128	97	198
Basic Earnings per Share	$0.23	$0.17	$0.15	$0.03	$0.20	$0.16	$0.17	$0.22	$0.21	$0.17	$0.25
Weighted Average Basic Shares Outstanding	1.92B	1.85B	1.92B	1.92B	1.92B	1.92B	1.91B	1.92B	1.92B	1.92B	1.92B
Diluted Earnings per Share	$0.23	$0.17	$0.15	$0.03	$0.20	$0.16	$0.17	$0.22	$0.21	$0.16	$0.25
Weighted Average Diluted Shares Outstanding	1.92B	1.85B	1.92B	1.92B	1.92B	1.92B	1.93B	1.93B	1.92B	1.92B	1.92B
Weighted Average Basic & Diluted Shares Outstanding	1.91B	1.91B	1.91B	1.92B	1.92B	1.91B	1.92B	1.92B	1.92B	1.92B	1.92B
Cash Dividends to Common per Share	-	-	-	-	-	-	$0.21	-	-	-	$0.21

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

Metric	2021	2022	2023	2024	2025
Period end date	1/2/2022	1/1/2023	12/31/2023	12/29/2024	12/28/2025
Net Change in Cash & Equivalents	122	491	151	-312	-8.00
Net Cash From Operating Activities	334	2,525	3,168	1,769	2,197
Net Cash From Continuing Operating Activities	334	2,525	3,168	1,769	2,197
Net Income / (Loss) Continuing Operations	2,078	2,064	1,664	1,030	1,470
Consolidated Net Income / (Loss)	2,078	2,064	1,664	1,030	1,470
Depreciation Expense	731	644	627	622	557
Non-Cash Adjustments To Reconcile Net Income	136	162	194	973	226
Changes in Operating Assets and Liabilities, net	-2,611	-345	683	-856	-56
Net Cash From Investing Activities	-171	-390	-488	-425	-436
Net Cash From Continuing Investing Activities	-171	-390	-488	-425	-436
Purchase of Property, Plant & Equipment	-295	-375	-469	-434	-475
Sale and/or Maturity of Investments	0.00	0.00	8,941	0.00	0.00
Other Investing Activities, net	47	-15	-8,960	9.00	39
Net Cash From Financing Activities	0.00	-1,583	-2,527	-1,565	-1,837
Net Cash From Continuing Financing Activities	0.00	-1,583	-2,527	-1,565	-1,837
Repayment of Debt	-7.00	14	381	222	-805
Repurchase of Common Equity	-	0.00	-7.00	-235	-197
Payment of Dividends	0.00	0.00	-766	-1,552	-1,581
Issuance of Debt	0.00	0.00	7,686	0.00	746
Issuance of Common Equity	0.00	0.00	4,241	0.00	0.00
Other Financing Activities, net	7.00	-1,597	-14,062	0.00	0.00
Effect of Exchange Rate Changes	-41	-61	-2.00	-91	68
Cash Interest Paid	0.00	0.00	224	439	440
Cash Income Taxes Paid	363	316	699	810	595

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025	3/29/2026
Net Change in Cash & Equivalents	-169	320	-227	-141	43	13	-13	13	69	-77	13
Net Cash From Operating Activities	674	950	287	440	249	793	428	621	294	854	489
Net Cash From Continuing Operating Activities	674	950	287	440	249	793	428	621	294	854	489
Net Income / (Loss) Continuing Operations	438	327	296	58	383	293	322	420	398	330	474
Consolidated Net Income / (Loss)	438	327	296	58	383	293	322	420	398	330	474
Depreciation Expense	153	174	149	141	182	150	136	142	141	138	143
Non-Cash Adjustments To Reconcile Net Income	-21	130	185	585	75	128	60	54	46	66	47
Changes in Operating Assets and Liabilities, net	104	319	-343	-344	-391	222	-90	5.00	-291	320	-175
Net Cash From Investing Activities	-105	-265	-152	-85	-56	-132	-167	-90	-104	-75	-167
Net Cash From Continuing Investing Activities	-105	-265	-152	-85	-56	-132	-167	-90	-104	-75	-167
Purchase of Property, Plant & Equipment	-114	-223	-153	-90	-59	-132	-179	-88	-98	-110	-139
Other Investing Activities, net	9.00	-28	1.00	5.00	3.00	-	12	-2.00	-6.00	35	-28
Net Cash From Financing Activities	-726	-383	-326	-490	-162	-587	-310	-548	-110	-869	-295
Net Cash From Continuing Financing Activities	-726	-383	-326	-490	-162	-587	-310	-548	-110	-869	-295
Repayment of Debt	-98	-70	-12	3.00	46	28	-723	56	333	-471	-767
Repurchase of Common Equity	-	-7.00	-91	-	-23	-121	-63	-64	-70	-	0.00
Payment of Dividends	-383	-383	-383	-383	-393	-393	-392	-393	-398	-398	-398
Issuance of Debt	-245	77	160	-110	208	-101	868	-147	25	-	870
Other Net Changes in Cash	-	-	-	-	-	-	36	-	-	-	-14

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

Metric	2022	2023	2024	2025
Period end date	1/1/2023	12/31/2023	12/29/2024	12/28/2025
Total Assets	27,316	27,851	25,601	27,076
Total Current Assets	5,877	6,138	5,525	5,697
Cash & Equivalents	1,231	1,382	1,070	1,062
Accounts Receivable	2,122	2,073	2,165	2,382
Inventories, net	2,226	1,851	1,591	1,666
Prepaid Expenses	175	567	494	432
Other Current Assets	123	265	205	155
Plant, Property, & Equipment, net	1,820	2,042	1,849	2,212
Total Noncurrent Assets	19,619	19,671	18,227	19,167
Goodwill	9,185	9,271	8,843	9,509
Intangible Assets	9,853	9,619	8,474	8,694
Noncurrent Deferred & Refundable Income Taxes	147	158	184	237
Other Noncurrent Operating Assets	434	623	726	727
Total Liabilities & Shareholders' Equity	27,316	27,851	25,601	27,076
Total Liabilities	7,346	16,640	15,933	16,311
Total Current Liabilities	3,926	5,481	5,739	5,945
Short-Term Debt	0.00	599	1,552	1,453
Accounts Payable	1,829	2,489	2,254	2,473
Accrued Expenses	1,768	2,251	1,859	1,914
Current Deferred & Payable Income Tax Liabilities	329	142	74	105
Total Noncurrent Liabilities	3,420	11,159	10,194	10,366
Long-Term Debt	0.00	7,687	7,055	7,071
Noncurrent Deferred & Payable Income Tax Liabilities	2,479	2,621	2,261	2,354
Noncurrent Employee Benefit Liabilities	214	360	342	340
Other Noncurrent Operating Liabilities	727	491	536	601
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	19,970	11,211	9,668	10,765
Total Preferred & Common Equity	19,970	11,211	9,668	10,765
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	19,970	11,211	9,668	10,765
Common Stock	0.00	16,166	16,149	16,367
Retained Earnings	0.00	429	-93	-204
Treasury Stock	0.00	-7.00	-242	-439
Accumulated Other Comprehensive Income / (Loss)	-5,455	-5,377	-6,146	-4,959

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

Metric	Q4 2022	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	1/1/2023	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	3/29/2026
Total Assets	27,316	27,077	27,851	27,283	26,443	26,925	25,601	26,257	27,132	27,248	26,854
Total Current Assets	5,877	5,894	6,138	6,097	5,881	5,941	5,525	5,710	5,854	6,032	5,795
Cash & Equivalents	1,231	1,062	1,382	1,155	1,014	1,057	1,070	1,057	1,070	1,139	1,075
Accounts Receivable	2,122	2,109	2,073	2,160	2,240	2,394	2,165	2,312	2,331	2,416	2,501
Inventories, net	2,226	1,885	1,851	1,884	1,849	1,820	1,591	1,680	1,776	1,794	1,674
Prepaid Expenses	175	619	567	645	557	460	494	505	525	531	410
Other Current Assets	123	219	265	253	221	210	205	156	152	152	135
Plant, Property, & Equipment, net	1,820	1,872	2,042	2,005	2,004	1,776	1,849	1,927	2,038	2,092	2,208
Total Noncurrent Assets	19,619	19,311	19,671	19,181	18,558	19,208	18,227	18,620	19,240	19,124	18,851
Goodwill	9,185	8,974	9,271	9,032	8,973	9,297	8,843	9,136	9,486	9,441	9,376
Intangible Assets	9,853	9,487	9,619	9,378	8,762	8,887	8,474	8,586	8,804	8,716	8,540
Noncurrent Deferred & Refundable Income Taxes	147	156	158	171	206	228	184	199	220	237	232
Other Noncurrent Operating Assets	434	694	623	600	617	796	726	699	730	730	703
Total Liabilities & Shareholders' Equity	27,316	27,077	27,851	27,283	26,443	26,925	25,601	26,257	27,132	27,248	26,854
Total Liabilities	7,346	16,184	16,640	16,662	16,265	16,281	15,933	16,204	16,402	16,614	16,246
Total Current Liabilities	3,926	5,161	5,481	6,166	5,937	5,946	5,739	6,666	5,988	6,156	5,896
Short-Term Debt	0.00	513	599	1,522	1,427	1,648	1,552	2,429	1,553	1,913	1,589
Accounts Payable	1,829	2,281	2,489	2,602	2,437	2,274	2,254	2,332	2,568	2,445	2,533
Accrued Expenses	1,768	1,984	2,251	1,878	1,977	1,861	1,859	1,751	1,778	1,695	1,678
Current Deferred & Payable Income Tax Liabilities	329	383	142	164	96	163	74	154	89	103	96
Total Noncurrent Liabilities	3,420	11,023	11,159	10,496	10,328	10,335	10,194	9,538	10,414	10,458	10,350
Long-Term Debt	0.00	7,685	7,687	7,033	7,051	7,053	7,055	6,309	7,057	7,060	7,072
Noncurrent Deferred & Payable Income Tax Liabilities	2,479	2,515	2,621	2,568	2,392	2,378	2,261	2,320	2,380	2,425	2,354
Noncurrent Employee Benefit Liabilities	214	254	360	354	350	362	342	350	371	373	345
Other Noncurrent Operating Liabilities	727	569	491	541	535	542	536	559	606	600	579
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	19,970	10,893	11,211	10,621	10,178	10,644	9,668	10,053	10,730	10,634	10,608
Total Preferred & Common Equity	19,970	10,893	11,211	10,621	10,178	10,644	9,668	10,053	10,730	10,634	10,608
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	19,970	10,893	11,211	10,621	10,183	10,644	9,668	10,053	10,730	10,634	10,608
Common Stock	0.00	16,150	16,166	16,052	16,094	16,117	16,149	16,220	16,307	16,339	16,381
Retained Earnings	0.00	485	429	342	17	7.00	-93	-163	-136	-136	-128
Treasury Stock	0.00	-	-7.00	-98	-93	-121	-242	-305	-369	-439	-439
Accumulated Other Comprehensive Income / (Loss)	-5,455	-5,742	-5,377	-5,675	-5,835	-5,359	-6,146	-5,699	-5,072	-5,130	-5,206

This table displays calculated financial ratios and metrics derived from Kenvue's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	1/2/2022	1/1/2023	12/31/2023	12/29/2024	12/28/2025
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	-0.69%	3.30%	0.07%	-2.14%
EBITDA Growth	0.00%	-10.26%	-6.52%	-21.26%	21.53%
EBIT Growth	0.00%	-9.85%	-7.47%	-26.52%	32.63%
NOPAT Growth	0.00%	0.93%	-8.84%	-29.79%	32.47%
Net Income Growth	0.00%	-0.67%	-19.38%	-38.10%	42.72%
EPS Growth	0.00%	-0.83%	-25.00%	-40.00%	40.74%
Operating Cash Flow Growth	0.00%	655.99%	25.47%	-44.16%	24.19%
Free Cash Flow Firm Growth	0.00%	0.00%	115.22%	-11.16%	-66.53%
Invested Capital Growth	0.00%	0.00%	-3.33%	-5.02%	5.94%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-0.03%	0.79%
EBITDA Q/Q Growth	0.00%	0.00%	395.48%	-1.47%	2.51%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-0.66%	3.66%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-1.21%	0.59%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-3.20%	2.58%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-1.82%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	10.69%	-8.15%	2.86%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	105.02%	-52.47%
Invested Capital Q/Q Growth	0.00%	0.00%	0.48%	-5.92%	-1.31%
Profitability Metrics	-	-	-	-	-
Gross Margin	55.93%	55.42%	55.96%	57.97%	58.13%
EBITDA Margin	24.29%	21.95%	19.86%	15.63%	19.41%
Operating Margin	19.40%	17.89%	16.27%	11.91%	15.96%
EBIT Margin	19.43%	17.64%	15.80%	11.60%	15.72%
Profit (Net Income) Margin	13.80%	13.81%	10.77%	6.66%	9.72%
Tax Burden Percent	71.04%	78.27%	75.98%	72.79%	73.54%
Interest Burden Percent	100.00%	100.00%	89.75%	78.92%	84.06%
Effective Tax Rate	28.96%	21.73%	24.02%	27.21%	26.46%
Return on Invested Capital (ROIC)	0.00%	22.35%	10.36%	7.59%	10.02%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	27.18%	1.73%	3.29%	5.95%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-1.68%	0.32%	2.28%	4.37%
Return on Equity (ROE)	0.00%	20.67%	10.67%	9.87%	14.39%
Cash Return on Invested Capital (CROIC)	0.00%	-177.65%	13.74%	12.74%	4.25%
Operating Return on Assets (OROA)	0.00%	9.65%	8.85%	6.71%	9.03%
Return on Assets (ROA)	0.00%	7.56%	6.03%	3.85%	5.58%
Return on Common Equity (ROCE)	0.00%	20.67%	10.67%	9.87%	14.39%
Return on Equity Simple (ROE_SIMPLE)	0.00%	10.34%	14.84%	10.65%	0.00%
Net Operating Profit after Tax (NOPAT)	2,074	2,094	1,909	1,340	1,775
NOPAT Margin	13.78%	14.01%	12.36%	8.67%	11.74%
Net Nonoperating Expense Percent (NNEP)	0.00%	-4.83%	8.63%	4.29%	4.07%
Return On Investment Capital (ROIC_SIMPLE)	-	10.48%	9.79%	7.33%	9.20%
Cost of Revenue to Revenue	44.07%	44.58%	44.04%	42.03%	41.87%
SG&A Expenses to Revenue	36.43%	37.68%	39.76%	40.95%	40.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.53%	37.53%	39.70%	46.06%	42.17%
Earnings before Interest and Taxes (EBIT)	2,925	2,637	2,440	1,793	2,378
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,656	3,281	3,067	2,415	2,935
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.19	3.50	4.23	3.02
Price to Tangible Book Value (P/TBV)	0.00	4.08	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.25	0.25	2.54	2.64	2.15
Price to Earnings (P/E)	1.83	1.84	23.59	39.68	22.15
Dividend Yield	0.00%	0.00%	0.98%	3.80%	4.85%
Earnings Yield	54.66%	54.29%	4.24%	2.52%	4.51%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.14	2.55	2.81	2.20
Enterprise Value to Revenue (EV/Rev)	0.00	0.17	2.99	3.13	2.65
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.78	15.05	20.05	13.64
Enterprise Value to EBIT (EV/EBIT)	0.00	0.97	18.92	27.00	16.83
Enterprise Value to NOPAT (EV/NOPAT)	0.00	1.23	24.19	36.13	22.55
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	1.02	14.57	27.37	18.22
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	18.23	21.52	53.14
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.00	0.74	0.89	0.79
Long-Term Debt to Equity	0.00	0.00	0.69	0.73	0.66
Financial Leverage	0.00	-0.06	0.18	0.69	0.73
Leverage Ratio	0.00	1.37	1.77	2.56	2.58
Compound Leverage Factor	0.00	1.37	1.59	2.02	2.17
Debt to Total Capital	0.00%	0.00%	42.50%	47.10%	44.19%
Short-Term Debt to Total Capital	0.00%	0.00%	3.07%	8.49%	7.53%
Long-Term Debt to Total Capital	0.00%	0.00%	39.43%	38.60%	36.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	100.00%	57.50%	52.90%	55.81%
Debt to EBITDA	0.00	0.00	2.70	3.56	2.90
Net Debt to EBITDA	0.00	0.00	2.25	3.12	2.54
Long-Term Debt to EBITDA	0.00	0.00	2.51	2.92	2.41
Debt to NOPAT	0.00	0.00	4.34	6.42	4.80
Net Debt to NOPAT	0.00	0.00	3.62	5.62	4.20
Long-Term Debt to NOPAT	0.00	0.00	4.03	5.26	3.98
Altman Z-Score	0.00	1.26	2.31	2.36	2.02
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	1.50	1.12	0.96	0.96
Quick Ratio	0.00	0.85	0.63	0.56	0.58
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-16,645	2,533	2,250	753
Operating Cash Flow to CapEx	153.21%	673.33%	675.48%	407.60%	462.53%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.55	0.56	0.58	0.57
Accounts Receivable Turnover	0.00	7.05	7.36	7.29	6.65
Inventory Turnover	0.00	2.99	3.34	3.77	3.89
Fixed Asset Turnover	0.00	8.21	8.00	7.94	7.45
Accounts Payable Turnover	0.00	3.64	3.15	2.74	2.68
Days Sales Outstanding (DSO)	0.00	51.81	49.57	50.04	54.87
Days Inventory Outstanding (DIO)	0.00	121.90	109.40	96.70	93.87
Days Payable Outstanding (DPO)	0.00	100.16	115.87	133.25	136.24
Cash Conversion Cycle (CCC)	0.00	73.55	43.10	13.49	12.50
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	18,739	18,115	17,205	18,227
Invested Capital Turnover	0.00	1.60	0.84	0.88	0.85
Increase / (Decrease) in Invested Capital	0.00	18,739	-624	-910	1,022
Enterprise Value (EV)	0.00	2,571	46,162	48,411	40,022
Market Capitalization	3,802	3,802	39,258	40,874	32,560
Book Value per Share	$0.00	$11.64	$5.85	$5.04	$5.62
Tangible Book Value per Share	$0.00	$0.54	($4.01)	($3.99)	($3.88)
Total Capital	0.00	19,970	19,497	18,275	19,289
Total Debt	0.00	0.00	8,286	8,607	8,524
Total Long-Term Debt	0.00	0.00	7,687	7,055	7,071
Net Debt	0.00	-1,231	6,904	7,537	7,462
Capital Expenditures (CapEx)	218	375	469	434	475
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	720	-126	268	143
Debt-free Net Working Capital (DFNWC)	0.00	1,951	1,256	1,338	1,205
Net Working Capital (NWC)	0.00	1,951	657	-214	-248
Net Nonoperating Expense (NNE)	-3.55	30	245	310	305
Net Nonoperating Obligations (NNO)	0.00	-1,231	6,904	7,537	7,462
Total Depreciation and Amortization (D&A)	731	644	627	622	557
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	4.82%	-0.82%	1.73%	0.95%
Debt-free Net Working Capital to Revenue	0.00%	13.05%	8.13%	8.66%	7.97%
Net Working Capital to Revenue	0.00%	13.05%	4.25%	-1.38%	-1.64%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.90	$0.54	$0.77
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	1.85B	1.92B	1.92B
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.90	$0.54	$0.76
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	1.85B	1.92B	1.92B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	1.91B	1.91B	1.92B
Normalized Net Operating Profit after Tax (NOPAT)	2,074	2,103	1,909	1,895	2,005
Normalized NOPAT Margin	13.78%	14.07%	12.36%	12.26%	13.26%
Pre Tax Income Margin	19.43%	17.64%	14.18%	9.16%	13.22%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	46.03%	150.68%	107.55%
Augmented Payout Ratio	0.00%	0.00%	46.45%	173.50%	120.95%

This table displays calculated financial ratios and metrics derived from Kenvue's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025	3/29/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,916,732,090.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,916,732,090.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.25
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.33%	0.00%	1.09%	-0.27%	-0.41%	-0.11%	-3.93%	-4.03%	-3.46%	3.22%	4.49%
EBITDA Growth	13.55%	277.71%	-11.94%	-64.52%	2.03%	-5.74%	2.53%	176.51%	-11.11%	12.18%	32.27%
EBIT Growth	-7.18%	0.00%	-14.43%	-77.31%	-1.75%	-2.65%	5.75%	334.39%	-8.02%	19.05%	38.95%
NOPAT Growth	-12.26%	0.00%	-22.64%	-70.91%	-18.34%	-2.93%	2.90%	259.70%	9.63%	1.09%	37.90%
Net Income Growth	-25.26%	0.00%	-36.89%	-86.51%	-12.56%	-10.40%	8.78%	624.14%	3.92%	12.63%	47.21%
EPS Growth	-32.35%	0.00%	-44.44%	-86.96%	-13.04%	-5.88%	13.33%	633.33%	5.00%	0.00%	47.06%
Operating Cash Flow Growth	0.00%	47.52%	-64.21%	-40.70%	-63.06%	-16.53%	49.13%	41.14%	18.07%	7.69%	14.25%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	101.00%	26.18%	103.85%	99.24%	69.00%	-146.14%	-88.07%
Invested Capital Growth	0.00%	-3.33%	0.00%	0.00%	1.44%	-5.02%	-1.59%	3.56%	0.98%	5.94%	2.59%
Revenue Q/Q Growth	-2.39%	-6.36%	6.22%	2.72%	-2.53%	-6.08%	2.16%	2.62%	-1.95%	0.43%	3.41%
EBITDA Q/Q Growth	-0.24%	-25.18%	7.02%	-55.59%	186.91%	-30.88%	16.41%	19.77%	-7.77%	-12.76%	37.25%
EBIT Q/Q Growth	-1.01%	-33.87%	15.23%	-69.92%	328.66%	-34.47%	25.17%	23.55%	-9.24%	-15.19%	46.10%
NOPAT Q/Q Growth	12.53%	-20.74%	-9.51%	-63.96%	215.91%	-5.78%	-4.09%	26.00%	-3.71%	-13.13%	30.85%
Net Income Q/Q Growth	1.86%	-25.34%	-9.48%	-80.41%	560.34%	-23.50%	9.90%	30.43%	-5.24%	-17.09%	43.64%
EPS Q/Q Growth	0.00%	-26.09%	-11.76%	-80.00%	566.67%	-20.00%	6.25%	29.41%	-4.55%	-23.81%	56.25%
Operating Cash Flow Q/Q Growth	-9.16%	40.95%	-69.79%	53.31%	-43.41%	218.47%	-46.03%	45.09%	-52.66%	190.48%	-42.74%
Free Cash Flow Firm Q/Q Growth	0.00%	105.97%	-1,787.46%	0.77%	101.00%	653.25%	-48.50%	-119.68%	321.32%	-305.63%	113.31%
Invested Capital Q/Q Growth	0.00%	0.48%	-0.52%	-2.10%	3.66%	-5.92%	3.07%	3.02%	1.08%	-1.31%	-0.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.47%	55.73%	57.58%	59.13%	58.53%	56.53%	57.95%	58.90%	59.14%	56.53%	58.89%
EBITDA Margin	21.40%	17.10%	17.23%	7.45%	21.93%	16.14%	18.39%	21.46%	20.19%	17.54%	23.28%
Operating Margin	18.14%	12.55%	14.12%	3.85%	16.77%	13.19%	14.92%	18.03%	16.71%	14.15%	19.62%
EBIT Margin	17.50%	12.36%	13.41%	3.93%	17.26%	12.04%	14.76%	17.77%	16.45%	13.89%	19.62%
Profit (Net Income) Margin	11.19%	8.92%	7.60%	1.45%	9.82%	8.00%	8.61%	10.94%	10.57%	8.73%	12.13%
Tax Burden Percent	74.87%	91.60%	69.32%	89.23%	66.38%	84.68%	70.31%	71.43%	75.67%	77.28%	70.54%
Interest Burden Percent	85.40%	78.81%	81.80%	41.40%	85.74%	78.46%	82.97%	86.22%	84.98%	81.33%	87.61%
Effective Tax Rate	25.13%	8.40%	30.68%	10.77%	33.62%	15.32%	29.69%	28.57%	24.33%	22.72%	29.46%
Return on Invested Capital (ROIC)	0.00%	9.63%	16.83%	6.03%	9.48%	9.77%	8.98%	10.86%	10.32%	9.34%	11.78%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	6.31%	14.52%	3.90%	8.79%	8.17%	8.04%	9.87%	9.32%	8.22%	10.90%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1.15%	10.12%	2.86%	6.03%	5.65%	5.87%	7.08%	6.78%	6.04%	8.06%
Return on Equity (ROE)	0.00%	10.78%	26.95%	8.89%	15.51%	15.42%	14.84%	17.94%	17.10%	15.38%	19.84%
Cash Return on Invested Capital (CROIC)	0.00%	13.74%	-180.04%	-183.42%	6.04%	12.74%	9.16%	6.08%	8.62%	4.25%	8.14%
Operating Return on Assets (OROA)	0.00%	6.92%	15.22%	4.59%	9.88%	6.96%	8.43%	10.04%	9.11%	7.98%	11.30%
Return on Assets (ROA)	0.00%	4.99%	8.63%	1.70%	5.62%	4.63%	4.92%	6.18%	5.86%	5.01%	6.98%
Return on Common Equity (ROCE)	0.00%	10.78%	26.95%	8.89%	15.51%	15.42%	14.84%	17.94%	17.10%	15.38%	19.84%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	14.04%	10.99%	10.00%	0.00%	10.50%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	532	421	381	137	434	409	392	494	476	413	541
NOPAT Margin	13.58%	11.49%	9.79%	3.44%	11.13%	11.17%	10.49%	12.88%	12.64%	10.94%	13.84%
Net Nonoperating Expense Percent (NNEP)	2.62%	3.33%	2.30%	2.13%	0.69%	1.61%	0.93%	0.99%	1.01%	1.11%	0.88%
Return On Investment Capital (ROIC_SIMPLE)	-	2.16%	-	-	-	2.24%	2.09%	2.56%	2.43%	2.14%	2.81%
Cost of Revenue to Revenue	42.53%	44.27%	42.42%	40.88%	41.47%	43.47%	42.05%	41.10%	40.86%	43.47%	41.11%
SG&A Expenses to Revenue	39.11%	43.26%	40.40%	41.03%	40.78%	41.64%	41.09%	39.18%	40.17%	40.61%	37.17%
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	39.34%	43.18%	43.45%	55.28%	41.75%	43.34%	43.04%	40.87%	42.43%	42.38%	39.27%
Earnings before Interest and Taxes (EBIT)	685	453	522	157	673	441	552	682	619	525	767
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	838	627	671	298	855	591	688	824	760	663	910
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	3.50	3.79	3.39	4.19	4.23	4.51	3.74	2.96	3.02	3.17
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)	0.00	2.54	2.60	2.23	2.88	2.64	2.96	2.65	2.10	2.15	2.20
Price to Earnings (P/E)	0.00	23.59	27.01	30.81	41.87	39.68	42.89	28.27	21.99	22.15	20.70
Dividend Yield	1.03%	0.98%	1.90%	3.33%	3.46%	3.80%	3.44%	3.93%	5.01%	4.85%	4.72%
Earnings Yield	0.00%	4.24%	3.70%	3.25%	2.39%	2.52%	2.33%	3.54%	4.55%	4.51%	4.83%
Enterprise Value to Invested Capital (EV/IC)	0.00	2.55	2.65	2.38	2.85	2.81	2.99	2.61	2.13	2.20	2.26
Enterprise Value to Revenue (EV/Rev)	0.00	2.99	3.08	2.71	3.38	3.13	3.46	3.15	2.62	2.65	2.69
Enterprise Value to EBITDA (EV/EBITDA)	0.00	15.05	16.02	17.23	21.29	20.05	21.78	16.10	13.74	13.64	13.04
Enterprise Value to EBIT (EV/EBIT)	0.00	18.92	20.27	23.08	28.91	27.00	29.06	20.28	17.15	16.83	15.88
Enterprise Value to NOPAT (EV/NOPAT)	0.00	24.19	26.50	28.68	38.47	36.13	39.23	27.71	22.30	22.55	21.41
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	14.57	17.97	17.84	27.10	27.37	27.74	22.78	18.42	18.22	18.23
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	18.23	0.00	0.00	47.55	21.52	32.36	43.65	24.83	53.14	28.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.75	0.74	0.81	0.83	0.82	0.89	0.87	0.80	0.84	0.79	0.82
Long-Term Debt to Equity	0.71	0.69	0.66	0.69	0.66	0.73	0.63	0.66	0.66	0.66	0.67
Financial Leverage	0.66	0.18	0.70	0.73	0.69	0.69	0.73	0.72	0.73	0.73	0.74
Leverage Ratio	2.49	1.77	2.57	2.60	2.51	2.56	2.59	2.56	2.55	2.58	2.57
Compound Leverage Factor	2.12	1.39	2.10	1.08	2.15	2.01	2.15	2.21	2.16	2.10	2.25
Debt to Total Capital	42.94%	42.50%	44.61%	45.44%	44.98%	47.10%	46.50%	44.52%	45.76%	44.19%	44.95%
Short-Term Debt to Total Capital	2.69%	3.07%	7.94%	7.65%	8.52%	8.49%	12.93%	8.03%	9.76%	7.53%	8.25%
Long-Term Debt to Total Capital	40.25%	39.43%	36.68%	37.79%	36.46%	38.60%	33.57%	36.49%	36.01%	36.66%	36.70%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.06%	57.50%	55.39%	54.58%	55.02%	52.90%	53.50%	55.48%	54.24%	55.81%	55.05%
Debt to EBITDA	13.24	2.70	2.87	3.48	3.55	3.56	3.59	2.91	3.13	2.90	2.74
Net Debt to EBITDA	11.53	2.25	2.49	3.07	3.12	3.12	3.16	2.55	2.74	2.54	2.40
Long-Term Debt to EBITDA	12.42	2.51	2.36	2.90	2.88	2.92	2.59	2.39	2.47	2.41	2.24
Debt to NOPAT	0.00	4.34	4.76	5.80	6.41	6.42	6.47	5.01	5.08	4.80	4.51
Net Debt to NOPAT	0.00	3.62	4.11	5.10	5.64	5.62	5.69	4.39	4.44	4.20	3.95
Long-Term Debt to NOPAT	0.00	4.03	3.91	4.82	5.20	5.26	4.67	4.11	4.00	3.98	3.68
Altman Z-Score	0.00	2.07	2.10	1.88	2.30	2.18	2.28	2.09	1.75	1.80	1.89
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	-0.05%	0.00%	0.00%	0.00%	-0.02%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.14	1.12	0.99	0.99	1.00	0.96	0.86	0.98	0.98	0.96	0.98
Quick Ratio	0.61	0.63	0.54	0.55	0.58	0.56	0.51	0.57	0.58	0.58	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-17,497	1,045	-17,640	-17,505	175	1,319	679	-134	296	-609	81
Operating Cash Flow to CapEx	591.23%	426.01%	187.58%	488.89%	422.03%	600.76%	239.11%	705.68%	300.00%	776.36%	351.80%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-185.68	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	3.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	1.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.56	1.14	1.17	0.57	0.58	0.57	0.57	0.55	0.57	0.58
Accounts Receivable Turnover	0.00	7.36	0.00	0.00	6.87	7.29	6.84	6.62	6.24	6.65	6.35
Inventory Turnover	0.00	3.34	0.00	0.00	3.52	3.77	3.60	3.51	3.48	3.89	3.80
Fixed Asset Turnover	0.00	8.00	0.00	0.00	8.48	7.94	7.78	7.49	7.76	7.45	7.40
Accounts Payable Turnover	0.00	3.15	0.00	0.00	2.87	2.74	2.60	2.54	2.66	2.68	2.62
Days Sales Outstanding (DSO)	0.00	49.57	0.00	0.00	53.16	50.04	53.34	55.10	58.50	54.87	57.44
Days Inventory Outstanding (DIO)	0.00	109.40	0.00	0.00	103.59	96.70	101.36	104.02	105.01	93.87	96.15
Days Payable Outstanding (DPO)	0.00	115.87	0.00	0.00	127.36	133.25	140.32	143.62	137.11	136.24	139.47
Cash Conversion Cycle (CCC)	0.00	43.10	0.00	0.00	29.39	13.49	14.37	15.50	26.39	12.50	14.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	18,029	18,115	18,021	17,642	18,288	17,205	17,734	18,270	18,468	18,227	18,194
Invested Capital Turnover	0.00	0.84	1.72	1.75	0.85	0.88	0.86	0.84	0.82	0.85	0.85
Increase / (Decrease) in Invested Capital	18,029	-624	18,021	17,642	259	-910	-287	628	180	1,022	460
Enterprise Value (EV)	0.00	46,162	47,666	41,941	52,191	48,411	52,977	47,628	39,345	40,022	41,167
Market Capitalization	0.00	39,258	40,266	34,477	44,547	40,874	45,296	40,088	31,511	32,560	33,581
Book Value per Share	$5.69	$5.85	$5.55	$5.32	$5.56	$5.04	$5.26	$5.59	$5.54	$5.62	$5.53
Tangible Book Value per Share	($3.95)	($4.01)	($4.07)	($3.94)	($3.94)	($3.99)	($4.01)	($3.94)	($3.92)	($3.88)	($3.81)
Total Capital	19,091	19,497	19,176	18,656	19,345	18,275	18,791	19,340	19,607	19,289	19,269
Total Debt	8,198	8,286	8,555	8,478	8,701	8,607	8,738	8,610	8,973	8,524	8,661
Total Long-Term Debt	7,685	7,687	7,033	7,051	7,053	7,055	6,309	7,057	7,060	7,071	7,072
Net Debt	7,136	6,904	7,400	7,464	7,644	7,537	7,681	7,540	7,834	7,462	7,586
Capital Expenditures (CapEx)	114	223	153	90	59	132	179	88	98	110	139
Debt-free, Cash-free Net Working Capital (DFCFNWC)	184	-126	298	357	586	268	416	349	650	143	413
Debt-free Net Working Capital (DFNWC)	1,246	1,256	1,453	1,371	1,643	1,338	1,473	1,419	1,789	1,205	1,488
Net Working Capital (NWC)	733	657	-69	-56	-5.00	-214	-956	-134	-124	-248	-101
Net Nonoperating Expense (NNE)	94	94	85	79	51	116	70	74	78	83	67
Net Nonoperating Obligations (NNO)	7,136	6,904	7,400	7,464	7,644	7,537	7,681	7,540	7,834	7,462	7,586
Total Depreciation and Amortization (D&A)	153	174	149	141	182	150	136	142	141	138	143
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-0.82%	1.92%	2.31%	3.79%	1.73%	2.72%	2.31%	4.33%	0.95%	2.70%
Debt-free Net Working Capital to Revenue	0.00%	8.13%	9.38%	8.86%	10.63%	8.66%	9.63%	9.37%	11.92%	7.97%	9.73%
Net Working Capital to Revenue	0.00%	4.25%	-0.45%	-0.36%	-0.03%	-1.38%	-6.25%	-0.89%	-0.83%	-1.64%	-0.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.23	$0.17	$0.15	$0.03	$0.20	$0.16	$0.17	$0.22	$0.21	$0.17	$0.25
Adjusted Weighted Average Basic Shares Outstanding	1.92B	1.85B	1.92B	1.92B	1.92B	1.92B	1.91B	1.92B	1.92B	1.92B	1.92B
Adjusted Diluted Earnings per Share	$0.23	$0.17	$0.15	$0.03	$0.20	$0.16	$0.17	$0.22	$0.21	$0.16	$0.25
Adjusted Weighted Average Diluted Shares Outstanding	1.92B	1.85B	1.92B	1.92B	1.92B	1.92B	1.93B	1.93B	1.92B	1.92B	1.92B
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	1.91B	1.91B	1.91B	1.92B	1.92B	1.91B	1.92B	1.92B	1.92B	1.92B	1.92B
Normalized Net Operating Profit after Tax (NOPAT)	532	421	410	635	455	464	434	537	539	498	591
Normalized NOPAT Margin	13.58%	11.49%	10.52%	15.88%	11.66%	12.67%	11.61%	13.99%	14.33%	13.17%	15.12%
Pre Tax Income Margin	14.94%	9.74%	10.97%	1.63%	14.80%	9.45%	12.24%	15.32%	13.97%	11.30%	17.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	5.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	4.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	3.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	2.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	46.03%	77.06%	136.91%	144.92%	150.68%	147.82%	110.79%	109.98%	107.55%	97.84%
Augmented Payout Ratio	0.00%	46.45%	77.06%	136.91%	144.92%	173.50%	167.42%	129.90%	132.17%	120.95%	106.10%

Financials Breakdown Chart

Key Financial Trends

Here’s MarketBeat’s quick read on Kenvue (NYSE: KVUE) using the last four years of quarterly statements. The company has shown relatively steady revenue, solid profitability, and robust operating cash flow, with ongoing shareholder returns. Leverage remains manageable and the balance sheet looks well-capitalized, though financing activity has occasionally weighed on cash positions due to dividends and other outflows.

Operating revenue remained in the roughly $3.7B–$3.8B range in 2025, signaling durable demand (2025 Q2–Q4).
Gross margin has stayed strong, typically in the mid-50s to high-50s percent (about 57–60%), reflecting solid profitability on core products.
Net income per quarter stayed positive, broadly in the $0.32B–$0.42B range (e.g., $420M in 2025 Q2; $398M in 2025 Q3; $330M in 2025 Q4).
Operating cash flow remained robust, with net cash from continuing operating activities generally around $0.43B–$0.85B per quarter.
KVUE has a steady dividend cadence, with quarterly payouts around $392M–$398M, supporting shareholder returns.
Balance sheet shows a large asset base (about $27B) and total equity near $10.6–$11B in 2025, indicating solid capitalization.
Debt levels are steady, with long-term debt around $7.0B and modest short-term debt, suggesting manageable leverage.
Shares outstanding have been relatively flat, with weighted-average basic shares around 1.915–1.916B and diluted around 1.923B.
Net financing activity is often negative due to sustained dividend payments and other cash outflows, which can pressure cash balances even when operating cash flow is strong.
Occasional impairment and restructuring charges (e.g., $23M impairment and $86M restructuring in 2025 Q4) add to costs and can compress margins in the affected quarters.

05/14/26 10:41 PM ETAI Generated. May Contain Errors.

Kenvue Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Kenvue's financial year ends in December. Their financial year 2025 ended on December 28, 2025.

Kenvue's net income appears to be on a downward trend, with a most recent value of $1.47 billion in 2025, falling from $2.08 billion in 2021. The previous period was $1.03 billion in 2024. See Kenvue's forecast for analyst expectations on what's next for the company.

Kenvue's total operating income in 2025 was $2.41 billion, based on the following breakdown:

Total Gross Profit: $8.79 billion
Total Operating Expenses: $6.38 billion

Over the last 4 years, Kenvue's total revenue changed from $15.05 billion in 2021 to $15.12 billion in 2025, a change of 0.5%.

Kenvue's total liabilities were at $16.31 billion at the end of 2025, a 2.4% increase from 2024, and a 122.0% increase since 2022.

In the past 3 years, Kenvue's cash and equivalents has ranged from $1.06 billion in 2025 to $1.38 billion in 2023, and is currently $1.06 billion as of their latest financial filing in 2025.

Over the last 4 years, Kenvue's book value per share changed from 0.00 in 2021 to 5.62 in 2025, a change of 561.9%.

Related Companies

Financial statements for NYSE:KVUE last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Kenvue (KVUE) Financials

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Kenvue (KVUE) Financials

Annual Income Statements for Kenvue

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Financials Breakdown Chart

Key Financial Trends

Kenvue Financials - Frequently Asked Questions

When does Kenvue's fiscal year end?

How has Kenvue's net income changed over the last 4 years?

What is Kenvue's operating income?

How has Kenvue's revenue changed over the last 4 years?

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How has Kenvue's book value per share changed over the last 4 years?

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