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Financials · UL

Unilever PLC (UL) financials

For fiscal 2025 (ended Dec 31, 2025), Unilever PLC reported €50.50B of revenue and €9.47B of net income. Figures are in EUR, the currency of its SEC filings.

Revenue, FY2025
€50.50B
Revenue growth, YoY
-3.8%
Net income, FY2025
€9.47B
Net income growth, YoY
+64.9%
Net margin
18.7%
Free cash flow, FY2025
€6.93B
EPS, diluted, FY2025
€4.32
EPS growth, YoY
+67.4%
Cash
€3.94B
Total debt
€26.04B
Annual revenue€50.50B
FY2016FY2025
Annual net income€9.47B
FY2016FY2025
Annual free cash flow€6.93B
FY2016FY2025

UL revenue and earnings growth

UL revenueFY2025€50.50B

FY YoY
-3.8%
5Y CAGR
-0.1%
10Y CAGR
-0.5%

UL revenue was €50.50B for fiscal 2025 (ended Dec 31, 2025), down 3.8% from fiscal 2024. Compound annual growth was -0.1% over 5 years and -0.5% over 10 years. It rose in 5 of the last 10 fiscal years.

UL net incomeFY2025€9.47B

FY YoY
+64.9%
5Y CAGR
+11.2%
10Y CAGR
+6.8%

UL net income was €9.47B for fiscal 2025 (ended Dec 31, 2025), up 64.9% from fiscal 2024. Compound annual growth was +11.2% over 5 years and +6.8% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

UL EPSFY2025€4.32

FY YoY
+67.4%
5Y CAGR
+15.3%
10Y CAGR
+9.6%

UL diluted EPS was €4.32 for fiscal 2025 (ended Dec 31, 2025), up 67.4% from fiscal 2024. Compound annual growth was +15.3% over 5 years and +9.6% over 10 years.

UL free cash flowFY2025€6.93B

FY YoY
-14.8%
5Y CAGR
-3.3%
10Y CAGR
+2.4%

UL free cash flow was €6.93B for fiscal 2025 (ended Dec 31, 2025), down 14.8% from fiscal 2024. Compound annual growth was -3.3% over 5 years and +2.4% over 10 years. It rose in 4 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue€50.50B€52.48B€51.68B€60.07B€52.44B€50.72B€51.98B€50.98B€53.72B€52.71B
Cost of revenue€26.79B€27.98B€29.18B€35.91B€30.26B€28.68B€29.10B€28.70B€30.48B€30.23B
Gross profit€23.71B€24.50B€22.50B€24.17B€22.18B€22.04B€22.88B€22.28B€23.23B€22.48B
Research and development€836.00M€892.00M€853.00M€908.00M€847.00M€800.00M----
Selling, general and admin€13.62B€14.30B€13.42B€14.48B€12.55B€12.67B€12.93B€12.82B€13.73B€14.68B
Operating income€9.04B€8.83B€9.00B€10.76B€8.70B€8.30B€8.71B€12.64B€8.96B€7.80B
Interest expense€1.02B€994.00M€922.00M€818.00M€491.00M€728.00M€821.00M€718.00M€683.00M€584.00M
Pre-tax income€8.69B€8.37B€8.63B€10.34B€8.56B€8.00B€8.29B€12.36B€8.13B€7.47B
Income tax€2.48B€2.33B€1.99B€2.07B€1.94B€1.92B€2.26B€2.57B€1.67B€1.92B
Net income€9.47B€5.74B€6.49B€7.64B€6.05B€5.58B€5.63B€9.37B€6.02B€5.18B
EPS, basic€4.33€2.59€2.90€3.00€2.33€2.13€2.15€3.49€2.15€1.83
EPS, diluted€4.32€2.58€2.89€2.99€2.32€2.12€2.14€3.48€2.14€1.82
Diluted shares2.20B2.23B2.25B2.56B2.61B2.63B2.63B2.69B2.81B2.85B

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents€3.94B€6.14B€4.16B€4.33B€3.42B€5.55B€4.18B€3.23B€3.32B€3.38B
Receivables€7.35B€6.01B€5.78B€7.06B€5.42B€4.94B€6.70B€6.48B€5.22B€5.10B
Inventory€4.04B€5.18B€5.12B€5.93B€4.68B€4.46B€4.16B€4.30B€3.96B€4.28B
Current assets€17.07B€19.19B€17.90B€19.16B€17.40B€16.16B€16.43B€15.48B€16.98B€13.88B
Goodwill€17.71B€22.31B€21.11B€21.61B€20.33B€18.94B€18.07B€17.34B€16.88B€17.62B
Total assets€70.47B€79.75B€75.27B€77.82B€75.09B€67.66B€64.81B€61.11B€60.28B€56.43B
Current liabilities€21.66B€25.23B€23.51B€25.43B€24.78B€20.59B€20.98B€20.15B€23.18B€20.56B
Total debt€26.04B€28.65B€26.69B€26.51B------
Total liabilities€52.88B€57.20B€54.50B€56.12B€55.35B€50.00B€50.92B€48.99B€45.90B€39.45B
Shareholders' equity€15.53B€19.99B€20.76B€21.70B€19.75B€17.66B€13.89B€12.12B€14.20B€16.77B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow€8.35B€9.52B€9.43B€7.28B€7.97B€9.06B€8.11B€7.32B€7.88B€7.05B
Capital expenditures€1.42B€1.38B€1.19B€1.46B€1.11B€863.00M€1.32B€1.33B€1.51B€1.80B
Free cash flow€6.93B€8.14B€8.23B€5.83B€6.86B€8.20B€6.79B€5.99B€6.37B€5.24B
Investing cash flow-€3.12B-€625.00M-€2.29B€2.45B-€3.25B-€1.48B-€2.24B€4.64B-€5.88B-€3.19B
Financing cash flow-€6.81B-€6.94B-€7.19B-€8.89B-€7.10B-€5.80B-€4.67B-€12.11B-€2.02B-€3.07B
Stock-based compensation€255.00M€292.00M€192.00M€177.00M€161.00M€108.00M€151.00M€196.00M€284.00M€198.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-3.8%1.5%-14.0%14.5%3.4%-2.4%2.0%-5.1%1.9%-1.0%
Net income growth, YoY64.9%-11.5%-15.1%26.3%8.4%-0.8%-40.0%55.6%16.2%5.6%
EPS growth, YoY67.4%-10.7%-3.3%28.9%9.4%-0.9%-38.5%62.6%17.6%5.8%
Gross margin46.9%46.7%43.5%40.2%42.3%43.5%44.0%43.7%43.2%42.7%
Operating margin17.9%16.8%17.4%17.9%16.6%16.4%16.8%24.8%16.7%14.8%
Net margin18.7%10.9%12.6%12.7%11.5%11.0%10.8%18.4%11.2%9.8%
Free cash flow margin13.7%15.5%15.9%9.7%13.1%16.2%13.1%11.7%11.9%9.9%
Return on equity61.0%28.7%31.2%35.2%30.6%31.6%40.5%77.3%42.4%30.9%
Return on assets13.4%7.2%8.6%9.8%8.1%8.2%8.7%15.3%10.0%9.2%
Current ratio0.790.760.760.750.700.780.780.770.730.68
Debt to equity1.681.431.291.22------

Source: XBRL data Unilever PLC files with the SEC, latest filing dated Mar 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

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.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

UL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
UL€50.50B-3.8%€9.47B18.7%$142.19B
PG$87.92B+3.5%$16.03B18.2%$383.35B
ECL$17.37B+9.3%$2.08B12.0%$84.33B
CL$21.28B+5.9%$2.05B9.6%$76.76B
HLN£11.03B-1.8%£1.67B15.1%$40.20B
EL$15.28B+5.8%$368.00M2.4%$39.88B
KVUE$15.53B+3.5%$1.69B10.9%$37.57B
CHD$6.25B+1.7%$774.80M12.4%$25.80B
ELF$1.94B+39.9%$86.64M4.5%$6.85B

UL FAQ

9 questions
  • What is UL revenue?
    Unilever PLC (UL) reported €50.50B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 3.8% from the year before.
  • Is UL profitable?
    Yes. Unilever PLC earned €9.47B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 18.7%.
  • How much cash and debt does UL have?
    Unilever PLC reported €3.94B in cash and cash equivalents and €26.04B of debt on its most recent balance sheet in SEC filings.
  • How fast is UL revenue growing?
    Unilever PLC's revenue changed -3.8% in fiscal 2025, to €50.50B. Its compound annual growth rate was -0.1% over 5 years and -0.5% over 10 years.
  • What is UL gross margin?
    Unilever PLC's gross profit was €23.71B on €50.50B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 46.9%.
  • What is UL free cash flow?
    Unilever PLC generated €6.93B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of €8.35B less capital expenditures.
  • What is UL earnings per share?
    Diluted earnings per share were €4.32 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did UL last report financial results?
    The latest statements here come from Unilever PLC's 20-F filed on Mar 12, 2026, covering the period ended Dec 31, 2025.
  • Where does this UL financial data come from?
    Quantisnow builds these statements from the structured XBRL data Unilever PLC files with the SEC. It is provided for information only and is not investment advice.