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Financials · KVUE

Kenvue Inc. (KVUE) financials

For the twelve months ended Sep 27, 2026, Kenvue Inc. reported $15.53B of revenue and $1.69B of net income.

Revenue, TTM
$15.53B
Revenue growth, YoY
+3.5%
Net income, TTM
$1.69B
Net income growth, YoY
+17.9%
Net margin
10.9%
Free cash flow, TTM
$2.34B
EPS, diluted, TTM
$0.87
EPS growth, YoY
+14.5%
Cash
$1.04B
Total debt
$8.21B
P/E
22.23
P/S
2.42
Market cap
$37.57B
Annual revenue$15.12B
FY2021FY2025
Annual net income$1.47B
FY2021FY2025
Annual free cash flow$1.72B
FY2021FY2025

KVUE revenue and earnings growth

KVUE revenueQ3 2026$3.89B

Quarter YoY
+3.2%
QoQ
-1.7%
FY YoY
-2.1%

KVUE revenue was $3.89B in fiscal Q3 2026 (ended Sep 27, 2026), up 3.2% from a year earlier and down 1.7% from the prior quarter. For the full fiscal 2025 it was $15.12B, down 2.1% from fiscal 2024. It rose in 2 of the last 4 fiscal years.

KVUE net incomeQ3 2026$430.00M

Quarter YoY
+8.0%
QoQ
-5.7%
FY YoY
+42.7%

KVUE net income was $430.00M in fiscal Q3 2026 (ended Sep 27, 2026), up 8.0% from a year earlier and down 5.7% from the prior quarter. For the full fiscal 2025 it was $1.47B, up 42.7% from fiscal 2024. It rose in 1 of the last 4 fiscal years.

KVUE EPSQ3 2026$0.22

Quarter YoY
+4.8%
QoQ
-8.3%
FY YoY
+40.7%

KVUE diluted EPS was $0.22 in fiscal Q3 2026 (ended Sep 27, 2026), up 4.8% from a year earlier and down 8.3% from the prior quarter. For the full fiscal 2025 it was $0.76, up 40.7% from fiscal 2024.

KVUE free cash flowQ3 2026$620.00M

Quarter YoY
+216.3%
QoQ
-0.6%
FY YoY
+29.0%

KVUE free cash flow was $620.00M in fiscal Q3 2026 (ended Sep 27, 2026), up 216.3% from a year earlier and down 0.6% from the prior quarter. For the full fiscal 2025 it was $1.72B, up 29.0% from fiscal 2024. It rose in 3 of the last 4 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 28, 2025
FY2024
Dec 29, 2024
FY2023
Dec 31, 2023
FY2022
Jan 1, 2023
FY2021
Jan 2, 2022
Revenue$15.12B$15.46B$15.44B$14.95B$15.05B
Cost of revenue$6.33B$6.50B$6.80B$6.67B$6.63B
Gross profit$8.79B$8.96B$8.64B$8.29B$8.42B
Research and development$382.00M$408.00M$399.00M$375.00M$355.00M
Selling, general and admin$6.09B$6.33B$6.14B$5.63B$5.48B
Operating income$2.41B$1.84B$2.51B$2.67B$2.92B
Interest expense--$250.00M$0$0
Pre-tax income$2.00B$1.42B$2.19B$2.64B$2.92B
Income tax$529.00M$385.00M$526.00M$573.00M$847.00M
Net income$1.47B$1.03B$1.66B$2.06B$2.08B
EPS, basic$0.77$0.54$0.90$1.20$1.21
EPS, diluted$0.76$0.54$0.90$1.20$1.21
Diluted shares1.92B1.92B1.85B1.72B1.72B

Balance sheet

Balance sheet
Line item
FY2025
Dec 28, 2025
FY2024
Dec 29, 2024
FY2023
Dec 31, 2023
FY2022
Jan 1, 2023
FY2021
Jan 2, 2022
Cash and equivalents$1.06B$1.07B$1.38B$1.23B$740.00M
Receivables$2.38B$2.17B$2.07B$2.12B-
Inventory$1.67B$1.59B$1.85B$2.23B-
Current assets$5.70B$5.53B$6.14B$5.88B-
Goodwill$9.51B$8.84B$9.27B$9.19B$9.81B
Total assets$27.08B$25.60B$27.85B$27.32B-
Current liabilities$5.95B$5.74B$5.48B$3.93B-
Short-term debt$1.45B$1.55B$599.00M$0-
Total debt$8.52B$8.61B$8.29B$0-
Total liabilities$16.31B$15.93B$16.64B$7.35B-
Shareholders' equity$10.77B$9.67B$11.21B$19.97B$20.49B

Cash flow

Cash flow
Line item
FY2025
Dec 28, 2025
FY2024
Dec 29, 2024
FY2023
Dec 31, 2023
FY2022
Jan 1, 2023
FY2021
Jan 2, 2022
Operating cash flow$2.20B$1.77B$3.17B$2.52B$334.00M
Capital expenditures$475.00M$434.00M$469.00M$375.00M$295.00M
Free cash flow$1.72B$1.33B$2.70B$2.15B$39.00M
Investing cash flow-$436.00M-$425.00M-$488.00M-$390.00M-$171.00M
Financing cash flow-$1.84B-$1.56B-$2.53B-$1.58B$0
Dividends paid$1.58B$1.55B$766.00M$0$0
Share repurchases$197.00M$235.00M$7.00M$0-
Stock-based compensation$136.00M$254.00M$188.00M$137.00M$141.00M
Depreciation and amortization$557.00M$622.00M$627.00M$644.00M$731.00M

Key ratios

Key ratios
Line item
FY2025
Dec 28, 2025
FY2024
Dec 29, 2024
FY2023
Dec 31, 2023
FY2022
Jan 1, 2023
FY2021
Jan 2, 2022
Revenue growth, YoY-2.1%0.1%3.3%-0.7%-
Net income growth, YoY42.7%-38.1%-19.4%-0.7%-
EPS growth, YoY40.7%-40.0%-25.0%-0.8%-
Gross margin58.1%58.0%56.0%55.4%55.9%
Operating margin16.0%11.9%16.3%17.9%19.4%
Net margin9.7%6.7%10.8%13.8%13.8%
Free cash flow margin11.4%8.6%17.5%14.4%0.3%
Return on equity13.7%10.7%14.8%10.3%10.1%
Return on assets5.4%4.0%6.0%7.6%-
Current ratio0.960.961.121.50-
Debt to equity0.790.890.740.00-

Source: XBRL data Kenvue Inc. files with the SEC, latest filing dated Oct 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

KVUE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
KVUE$15.53B+3.5%$1.69B10.9%$37.57B
PG$87.92B+3.5%$16.03B18.2%$390.13B
UL€50.50B-3.8%€9.47B18.7%$143.50B
ECL$17.37B+9.3%$2.08B12.0%$86.03B
CL$21.28B+5.9%$2.05B9.6%$77.85B
EL$15.28B+5.8%$368.00M2.4%$41.00B
HLN£11.03B-1.8%£1.67B15.1%$39.43B
CHD$6.25B+1.7%$774.80M12.4%$26.27B
ELF$1.94B+39.9%$86.64M4.5%$7.06B

KVUE FAQ

9 questions
  • What is KVUE revenue?
    Kenvue Inc. (KVUE) reported $15.53B of revenue for the twelve months ended Sep 27, 2026. That is up 3.5% from the year before. Revenue for fiscal 2025 was $15.12B.
  • Is KVUE profitable?
    Yes. Kenvue Inc. earned $1.69B in net income for the twelve months ended Sep 27, 2026, a net margin of 10.9%.
  • How much cash and debt does KVUE have?
    Kenvue Inc. reported $1.04B in cash and cash equivalents and $8.21B of debt on its most recent balance sheet in SEC filings.
  • How fast is KVUE revenue growing?
    Kenvue Inc.'s revenue changed -2.1% in fiscal 2025, to $15.12B.
  • What is KVUE gross margin?
    Kenvue Inc.'s gross profit was $9.05B on $15.53B of revenue for the twelve months ended Sep 27, 2026, a gross margin of 58.3%.
  • What is KVUE free cash flow?
    Kenvue Inc. generated $2.34B of free cash flow for the twelve months ended Sep 27, 2026, which is operating cash flow of $2.73B less capital expenditures.
  • What is KVUE earnings per share?
    Diluted earnings per share were $0.87 for the twelve months ended Sep 27, 2026, from SEC filings, restated for any stock split those filings show.
  • When did KVUE last report financial results?
    The latest statements here come from Kenvue Inc.'s 10-Q filed on Oct 30, 2026, covering the period ended Sep 27, 2026.
  • Where does this KVUE financial data come from?
    Quantisnow builds these statements from the structured XBRL data Kenvue Inc. files with the SEC. It is provided for information only and is not investment advice.