The Estée Lauder Companies Inc.

EL · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995
Valuation
Market cap	$28,564	$27,719	$38,151	$70,189	$91,006	$114,492	$67,915	$65,910	$51,361	$34,548	$32,762	$31,193	$28,679	$25,946	$21,036	$20,724	$11,020	$6,412	$9,009	$9,296	$8,316	$8,818	$11,132	$7,801	$8,480	$10,275	$11,752	$11,909	$8,250	$5,913	$3,729	$3,678
Enterprise value	$34,312	$34,265	$44,582	$77,161	$94,694	$117,667	$71,709	$66,360	$52,212	$36,397	$33,636	$31,304	$28,408	$25,810	$20,991	$20,707	$11,144	$6,993	$9,830	$10,152	$8,494	$8,995	$11,071	$7,741	$8,344	$10,345	$11,857	$11,991	$8,409	$5,689	$3,602	$3,604
P/E (TTM) at period end	156.94×	–	97.82×	69.77×	38.08×	39.89×	99.29×	36.92×	46.35×	27.66×	29.38×	28.64×	23.82×	25.44×	24.55×	29.57×	23.04×	29.36×	19.01×	20.69×	34.05×	21.71×	32.54×	24.39×	44.19×	33.67×	37.41×	43.64×	34.84×	29.93×	23.25×	30.35×
P/S (TTM) at period end	1.90×	1.93×	2.44×	4.41×	5.13×	7.06×	4.75×	4.43×	3.75×	2.92×	2.91×	2.89×	2.61×	2.55×	2.17×	2.35×	1.41×	0.88×	1.14×	1.32×	1.29×	1.39×	1.92×	1.52×	1.79×	2.23×	2.69×	3.01×	2.28×	1.75×	1.17×	1.27×
P/B at period end	7.50×	7.17×	7.18×	12.57×	16.28×	18.90×	17.26×	15.03×	10.96×	7.88×	9.17×	8.56×	7.44×	7.89×	7.70×	7.88×	5.66×	3.91×	5.45×	7.75×	5.13×	5.21×	6.42×	5.48×	5.80×	7.60×	7.73×	9.27×	7.81×	6.51×	4.94×	5.29×
EV / EBITDA (TTM)	21.77×	778.75×	24.84×	34.25×	24.30×	35.99×	58.92×	23.12×	20.19×	16.79×	16.61×	15.54×	12.84×	13.85×	13.06×	14.96×	10.58×	10.40×	9.26×	10.61×	10.38×	9.74×	13.17×	11.41×	16.55×	15.71×	17.89×	20.88×	16.60×	13.07×	9.76×	13.21×
EV / Sales (TTM)	2.28×	2.39×	2.86×	4.85×	5.34×	7.26×	5.02×	4.46×	3.82×	3.08×	2.99×	2.90×	2.59×	2.53×	2.16×	2.35×	1.43×	0.95×	1.24×	1.44×	1.31×	1.42×	1.91×	1.51×	1.76×	2.24×	2.72×	3.03×	2.32×	1.68×	1.13×	1.24×
Returns
Return on equity	4.8%	(29.3%)	7.3%	18.0%	42.8%	47.4%	17.4%	40.7%	23.6%	28.5%	31.2%	29.9%	31.2%	31.0%	31.4%	26.7%	24.5%	13.3%	28.7%	37.5%	15.1%	24.0%	19.7%	22.5%	13.1%	22.6%	20.7%	21.2%	22.4%	21.8%	21.3%	17.4%
Return on invested capital	2.9%	(7.5%)	4.4%	9.3%	27.1%	24.5%	5.2%	37.2%	19.1%	19.4%	23.6%	26.4%	34.7%	33.6%	33.3%	28.6%	26.7%	12.5%	21.3%	23.4%	19.4%	22.8%	24.2%	24.8%	16.8%	22.3%	20.0%	20.7%	20.0%	29.7%	26.6%	19.7%
Dividend yield	1.8%	2.2%	2.5%	1.3%	0.9%	0.7%	0.7%	0.9%	1.1%	1.4%	1.3%	1.1%	1.1%	1.6%	1.0%	0.7%	1.0%	1.7%	1.2%	1.1%	1.0%	1.0%	0.6%	1.0%	0.8%	0.7%	0.6%	0.5%	0.6%	1.1%	2.9%	1.0%
Financial health
Current ratio	1.22×	1.30×	1.39×	1.46×	1.60×	1.84×	1.72×	1.57×	1.86×	1.76×	1.58×	1.96×	2.35×	2.22×	1.81×	1.90×	1.99×	2.00×	1.64×	1.49×	1.51×	1.54×	1.66×	1.75×	2.01×	2.03×	1.79×	1.82×	1.74×	1.73×	1.54×	1.58×
Debt / equity	1.92×	1.89×	1.46×	1.45×	0.97×	0.92×	1.56×	0.78×	0.76×	0.81×	0.63×	0.45×	0.35×	0.41×	0.47×	0.46×	0.63×	0.87×	0.72×	0.91×	0.32×	0.42×	0.31×	0.20×	0.28×	0.31×	0.28×	0.33×	0.41×	0.03×	0.17×	0.28×
Effective tax rate	64.8%	(8.9%)	47.0%	27.7%	20.7%	13.7%	33.5%	22.2%	43.6%	22.3%	27.9%	29.9%	32.0%	30.6%	31.8%	31.4%	29.9%	33.8%	34.9%	35.9%	43.6%	41.2%	37.7%	33.0%	35.0%	36.1%	37.0%	38.0%	40.5%	43.5%	46.3%	47.1%
Share count
Diluted shares outstanding	365	360	361	361	365	368	367	370	376	373	377	386	393	395	397	402	402	395	394	416	435	457	463	469	482	484	485	484	479	477	349	426

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995
Revenue and gross profit
Revenue	$15,049	$15,049	$14,326	$15,608	$15,910	$17,737	$16,215	$14,294	$14,863	$13,683	$11,824	$11,262	$10,780	$10,969	$10,182	$9,714	$8,810	$7,796	$7,324	$7,911	$7,038	$6,464	$6,336	$5,790	$5,118	$4,744	$4,608	$4,367	$3,961	$3,618	$3,382	$3,194	$2,899
Cost of revenue	($3,687)	($3,687)	($3,729)	($4,424)	($4,564)	($4,305)	($3,834)	($3,552)	($3,387)	($2,844)	($2,434)	($2,181)	($2,100)	($2,158)	($2,026)	($1,996)	($1,937)	($1,829)	($1,882)	($1,997)	($1,775)	($1,687)	($1,617)	($1,476)	($1,336)	($1,273)	($972)	($825)	($783)	($722)	($689)	($672)	($633)
Gross profit	$11,362	$11,362	$10,597	$11,184	$11,346	$13,432	$12,381	$10,742	$11,476	$10,839	$9,390	$9,081	$8,680	$8,811	$8,156	$7,718	$6,873	$5,966	$5,442	$5,914	$5,263	$4,777	$4,719	$4,314	$3,782	$3,470	$3,636	$3,542	$3,179	$2,896	$2,692	$2,522	$2,266
Operating expenses
Research and development	–	–	–	–	–	–	($243)	–	–	–	–	–	–	($158)	($147)	($138)	($86)	($80)	($82)	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($9,685)	($9,685)	($9,456)	($9,621)	($9,575)	($9,888)	($9,371)	($8,637)	($8,857)	($8,553)	($7,460)	($7,338)	($7,074)	($6,986)	($6,597)	($6,325)	($5,697)	($5,067)	($4,884)	($5,103)	($4,512)	($4,066)	($3,998)	($3,651)	($3,244)	($3,018)	($3,086)	($2,879)	($2,605)	($2,389)	($2,257)	($2,153)	($1,993)
Total operating expenses	($10,582)	($10,582)	($11,382)	($10,214)	($9,837)	($10,262)	($9,763)	($10,136)	($9,163)	($8,784)	($7,686)	($7,471)	($7,074)	($6,983)	($6,630)	($6,406)	($5,784)	($5,176)	($5,024)	($5,103)	($4,513)	($4,158)	($3,992)	($3,665)	($3,278)	($3,128)	($3,140)	($3,026)	($2,722)	($2,487)	($2,333)	($2,212)	($2,035)
Total costs and expenses	($14,269)	($14,269)	($15,111)	($14,638)	($14,401)	($14,567)	($13,597)	($13,688)	($12,550)	($11,628)	($10,120)	($9,652)	($9,174)	($9,141)	($8,656)	($8,402)	($7,721)	($7,006)	($6,905)	($7,100)	($6,288)	($5,844)	($5,610)	($5,142)	($4,614)	($4,402)	($4,112)	($3,851)	($3,504)	($3,209)	($3,022)	($2,884)	($2,668)
Operating income	$780	$780	($785)	$970	$1,509	$3,170	$2,618	$606	$2,313	$2,055	$1,704	$1,610	$1,606	$1,828	$1,526	$1,312	$1,089	$790	$418	$811	$750	$620	$727	$649	$504	$342	$496	$516	$457	$409	$359	$310	$231
Earnings
EBITDA	$1,576	$1,576	$44	$1,795	$2,253	$3,897	$3,269	$1,217	$2,870	$2,586	$2,168	$2,025	$2,015	$2,212	$1,863	$1,608	$1,384	$1,054	$672	$1,061	$957	$818	$924	$841	$678	$504	$658	$663	$574	$507	$435	$369	$273
Interest income	$90	$90	$114	$167	$131	$30	$51	$48	$58	$56	$28	$16	$15	$9	$8	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($334)	($334)	($357)	($378)	($255)	($167)	($173)	($161)	($133)	($128)	($103)	($71)	($60)	($59)	($19)	($61)	($64)	($27)	($76)	($67)	($39)	($24)	($14)	($27)	–	–	–	–	–	–	–	–	–
Pre-tax income	$517	$517	($1,040)	$772	$1,397	$3,036	$3,331	$1,046	$2,307	$1,980	$1,617	$1,555	$1,561	$1,777	$1,475	$1,261	$1,026	$688	$343	$744	$711	$596	$707	$617	$487	$327	$481	$499	$440	$398	$350	$299	$229
Income tax expense	($335)	($335)	($93)	($363)	($387)	($628)	($456)	($350)	($513)	($863)	($361)	($434)	($467)	($568)	($451)	($401)	($322)	($206)	($116)	($260)	($255)	($260)	($291)	($233)	($160)	($114)	($174)	($185)	($167)	($161)	($152)	($138)	($108)
Net income	$182	$182	($1,133)	$409	$1,010	$2,401	$2,863	$684	$1,785	$1,108	$1,249	$1,115	$1,089	$1,204	$1,020	$857	$701	$478	$218	$474	$449	$244	$406	$342	$320	$192	$305	$314	$273	$237	$198	$160	$121
Per share
Diluted EPS (GAAP)	$0.50	$0.50	($3.15)	$1.08	$2.79	$6.55	$7.79	$1.86	$4.82	$2.95	$3.35	$2.96	$2.82	$3.06	$2.58	$2.16	$1.74	$1.19	$0.55	$1.20	$1.08	$0.56	$0.89	$0.74	$0.63	$0.35	$0.58	$0.60	$0.52	$0.45	$0.37	$0.30	$0.23
Basic EPS (GAAP)	$0.50	$0.50	($3.15)	$1.09	$2.81	$6.64	$7.91	$1.90	$4.91	$3.01	$3.40	$3.01	$2.87	$3.12	$2.63	$2.20	$1.78	$1.21	$0.555	$1.22	$1.10	$0.57	$0.90	$0.75	$0.64	$0.36	$0.59	$0.61	$0.53	$0.45	$0.37	$0.30	$0.23
Basic shares outstanding	362	362	360	359	358	360	363	361	364	368	367	370	379	386	388	389	394	395	393	388	409	430	451	456	465	476	477	475	475	474	471	349	426
Margins
Gross margin	75.5%	75.5%	74.0%	71.7%	71.3%	75.7%	76.4%	75.2%	77.2%	79.2%	79.4%	80.6%	80.5%	80.3%	80.1%	79.5%	78.0%	76.5%	74.3%	74.8%	74.8%	73.9%	74.5%	74.5%	73.9%	73.2%	78.9%	81.1%	80.2%	80.0%	79.6%	79.0%	78.2%
Operating margin	5.2%	5.2%	(5.5%)	6.2%	9.5%	17.9%	16.1%	4.2%	15.6%	15.0%	14.4%	14.3%	14.9%	16.7%	15.0%	13.5%	12.4%	10.1%	5.7%	10.2%	10.7%	9.6%	11.5%	11.2%	9.8%	7.2%	10.8%	11.8%	11.5%	11.3%	10.6%	9.7%	8.0%
Net margin	1.2%	1.2%	(7.9%)	2.6%	6.3%	13.5%	17.7%	4.8%	12.0%	8.1%	10.6%	9.9%	10.1%	11.0%	10.0%	8.8%	8.0%	6.1%	3.0%	6.0%	6.4%	3.8%	6.4%	5.9%	6.2%	4.0%	6.6%	7.2%	6.9%	6.5%	5.8%	5.0%	4.2%

Analyst consensus

Buy46 analysts

Bearish · 4 · Hold · 20 · Bullish · 22

Earnings history

	EPS	Estimate
Q1 2025	$0.14	$0.09	Beat
Q2 2025	$0.62	$0.31	Beat
Q3 2025	$0.65	$0.31	Beat
Q4 2025	$0.09	$0.09	Match
Q1 2026	$0.32	$0.18	Beat
Q2 2026	$0.89	$0.83	Beat
Q3 2026	$0.91	$0.65	Beat
Q4 2026	$0.39	$0.32	Beat

Peers

Company overview

IPO dateNov 17, 1995

CEOStephane de la Faverie

Employees41,800

SectorConsumer Defensive

IndustryHousehold & Personal Products

CountryUS

ExchangeNew York Stock Exchange

Websitewww.elcompanies.com

The Estée Lauder Companies Inc. is a global entity dedicated to the development, marketing, and sale of a diverse range of premium beauty and personal care items worldwide. Its extensive product catalog encompasses numerous offerings across four primary categories. For skin care, it provides moisturizers, serums, cleansers, toners, body treatments, exfoliants, acne and oil control solutions, facial masks, specialized cleansing devices, and sun protection. In makeup, consumers can find lipsticks, glosses, mascaras, foundations, eyeshadows, nail polishes, powders, compacts, brushes, and various other cosmetic tools. The fragrance segment includes eau de parfum sprays, colognes, scented lotions, powders, creams, candles, and soaps. Lastly, its hair care selection features shampoos, conditioners, styling aids, treatments, finishing sprays, and hair color products. Beyond these, the company also offers ancillary products and services. Estée Lauder boasts an impressive portfolio of owned brands, such as Clinique, M·A·C, Aveda, La Mer, Jo Malone London, and The Ordinary, among many others. Furthermore, it operates under license agreements for notable fashion labels including Tommy Hilfiger and Michael Kors. These products are distributed globally through a broad network of retail channels, comprising high-end department stores, specialty multi-brand retailers, luxury perfumeries and pharmacies, salons and spas, exclusive freestanding stores, its own and authorized online platforms, major third-party e-commerce sites, airport retail locations, and in-flight and duty-free concessions. Established in 1946, the company maintains its corporate headquarters in New York, New York.

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