Kimberly-Clark Corporation

KMB · NASDAQ · 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	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	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$33,485	$43,700	$41,063	$45,815	$48,124	$45,400	$46,315	$38,366	$40,628	$38,426	$42,864	$43,270	$38,446	$31,802	$27,897	$24,917	$25,407	$21,064	$29,334	$29,866	$27,170	$31,197	$28,243	$23,119	$29,841	$35,910	$33,072	$29,938	$25,860	$25,302	$21,574	$7,858	$7,848	$8,936	$7,634	$6,334	$5,664	$4,402	$4,075	$3,426	$2,887
Enterprise value	$40,221	$50,741	$48,255	$54,090	$56,781	$53,837	$53,977	$45,523	$47,690	$45,294	$50,234	$49,707	$43,437	$37,183	$33,545	$29,790	$30,295	$27,048	$34,837	$33,530	$31,017	$34,484	$31,849	$26,810	$33,406	$39,475	$35,703	$32,695	$28,398	$27,783	$24,392	$9,616	$9,498	$10,391	$8,823	$7,457	$6,643	$5,172	$4,923	$3,940	$3,479
P/E (TTM) at period end	16.57×	17.17×	23.28×	23.69×	26.53×	19.30×	21.47×	27.21×	17.84×	17.74×	42.31×	28.36×	17.95×	18.17×	17.53×	13.52×	13.49×	12.46×	16.09×	19.92×	17.32×	17.33×	16.67×	13.81×	18.54×	19.94×	19.83×	25.68×	28.69×	18.02×	649.83×	14.69×	15.36×	66.19×	15.02×	14.66×	13.36×	11.63×	12.53×	12.72×	10.81×
P/S (TTM) at period end	2.04×	2.60×	2.39×	2.70×	2.48×	2.37×	2.51×	2.08×	2.21×	2.10×	2.31×	2.19×	1.97×	1.63×	1.34×	1.26×	1.33×	1.08×	1.61×	1.78×	1.71×	2.07×	1.97×	1.70×	2.05×	2.57×	2.54×	2.43×	2.06×	1.92×	1.56×	1.07×	1.13×	1.26×	1.13×	0.99×	0.99×	0.82×	0.83×	0.80×	0.71×
P/B at period end	22.29×	52.02×	44.88×	83.76×	93.63×	72.52×	–	–	46.06×	–	–	59.35×	7.92×	6.38×	5.31×	4.21×	4.70×	5.43×	5.62×	4.90×	4.89×	4.71×	4.17×	4.09×	5.28×	6.23×	6.49×	7.70×	6.27×	5.64×	5.91×	3.03×	3.19×	4.08×	3.03×	2.80×	2.72×	2.36×	2.59×	1.78×	1.66×
EV / EBITDA (TTM)	12.74×	14.58×	18.00×	17.66×	17.07×	13.33×	13.81×	14.63×	11.68×	11.08×	21.29×	14.69×	11.53×	11.50×	9.49×	8.31×	8.40×	8.14×	10.18×	9.46×	9.09×	10.31×	10.08×	8.72×	10.85×	12.32×	12.50×	14.09×	12.48×	10.63×	10.92×	8.37×	8.72×	12.49×	8.76×	7.50×	7.51×	–	–	–	–
EV / Sales (TTM)	2.45×	3.02×	2.81×	3.19×	2.92×	2.81×	2.93×	2.46×	2.60×	2.48×	2.70×	2.52×	2.22×	1.91×	1.61×	1.51×	1.58×	1.39×	1.91×	2.00×	1.95×	2.29×	2.22×	1.98×	2.30×	2.82×	2.74×	2.66×	2.26×	2.11×	1.77×	1.31×	1.36×	1.47×	1.30×	1.16×	1.16×	0.96×	1.01×	0.92×	0.85×
Returns
Return on equity	134.6%	303.0%	192.8%	353.6%	352.9%	375.7%	–	–	258.3%	–	–	209.3%	44.1%	35.1%	30.3%	31.1%	34.9%	43.6%	34.9%	24.6%	28.2%	27.2%	25.0%	29.6%	28.5%	31.2%	32.8%	30.0%	21.9%	31.3%	0.9%	20.6%	20.8%	6.2%	20.2%	19.1%	20.3%	20.3%	20.7%	14.0%	15.3%
Return on invested capital	20.2%	28.0%	18.7%	20.8%	21.9%	27.5%	30.7%	24.0%	32.3%	34.7%	15.4%	21.8%	20.2%	15.8%	15.6%	17.8%	19.5%	18.9%	18.7%	19.9%	21.2%	20.0%	17.8%	18.1%	17.8%	19.1%	20.1%	18.1%	18.0%	19.7%	4.5%	12.4%	12.4%	9.7%	13.7%	13.6%	14.0%	15.1%	14.2%	11.8%	12.2%
Dividend yield	5.0%	3.7%	3.9%	3.4%	3.2%	3.2%	3.0%	3.6%	3.3%	3.4%	3.0%	2.9%	3.2%	3.6%	3.9%	4.3%	3.9%	4.5%	3.2%	3.0%	3.1%	2.5%	2.2%	2.7%	2.0%	1.6%	1.7%	1.8%	2.1%	1.8%	1.6%	3.6%	3.5%	2.9%	3.0%	3.4%	3.3%	–	–	–	–
Financial health
Current ratio	0.75×	0.80×	0.82×	0.78×	0.82×	0.80×	0.73×	0.77×	0.89×	0.87×	0.85×	0.89×	1.12×	1.08×	1.16×	1.19×	1.19×	1.22×	1.24×	1.05×	1.03×	1.09×	1.13×	1.06×	0.94×	0.83×	0.93×	0.89×	0.94×	0.96×	0.99×	0.88×	0.88×	0.92×	1.03×	0.95×	1.14×	1.26×	1.14×	1.28×	1.21×
Debt / equity	4.77×	8.83×	8.69×	15.40×	16.68×	13.36×	(234.76×)	(25.98×)	8.42×	(74.24×)	(44.68×)	9.54×	1.19×	1.24×	1.29×	0.97×	1.09×	1.54×	1.05×	0.59×	0.69×	0.53×	0.53×	0.70×	0.65×	0.61×	0.53×	0.70×	0.60×	0.52×	0.77×	0.66×	0.66×	0.66×	0.47×	0.50×	0.50×	0.46×	0.60×	0.29×	0.36×
Effective tax rate	29.2%	18.3%	21.4%	20.6%	21.5%	23.1%	21.7%	26.0%	25.9%	30.6%	31.3%	38.0%	31.4%	31.3%	30.2%	30.9%	29.0%	27.0%	23.2%	25.4%	22.3%	22.0%	23.3%	28.6%	29.8%	29.6%	30.4%	32.3%	32.9%	33.3%	82.2%	34.1%	35.8%	35.1%	31.7%	39.1%	36.4%	37.8%	41.5%	40.9%	41.5%
Share count
Diluted shares outstanding	333	337	339	338	339	342	346	350	356	362	366	377	387	396	399	414	417	420	446	461	478	499	509	520	533	544	540	586	560	571	553	331	321	321	320	320	321	321	346	364	366

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	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	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$16,582	$16,447	$16,805	$17,146	$16,952	$19,440	$19,140	$18,450	$18,486	$18,348	$18,287	$18,591	$19,724	$19,561	$19,467	$20,846	$19,746	$19,115	$19,415	$18,266	$16,747	$15,903	$15,083	$14,348	$13,566	$14,524	$13,982	$13,007	$12,298	$12,547	$13,149	$13,789	$7,364	$6,973	$7,091	$6,777	$6,407	$5,734	$5,394	$4,885	$4,303	$4,073
Cost of revenue	($10,487)	($10,524)	($10,516)	($10,877)	($11,428)	($13,452)	($12,318)	($12,415)	($12,889)	($11,761)	($11,596)	($11,967)	($13,041)	($12,952)	($13,338)	($14,694)	($13,196)	($12,695)	($13,557)	($12,562)	–	($10,827)	($10,015)	($9,448)	–	($8,616)	($7,637)	($7,095)	($7,089)	($7,482)	($7,680)	($8,246)	($4,596)	($4,286)	($4,246)	($4,067)	($3,982)	($3,443)	($3,217)	($2,880)	($2,709)	($2,371)
Gross profit	$6,095	$5,923	$6,289	$6,269	$5,524	$5,988	$6,822	$6,035	$5,597	$6,587	$6,691	$6,624	$6,683	$6,609	$6,129	$6,152	$6,550	$6,420	$5,858	$5,704	–	$5,075	$5,068	$4,900	–	$5,909	$6,345	$5,911	$5,209	$5,065	$5,469	$5,542	$2,769	$2,687	$2,846	$2,710	$2,425	$2,290	$2,177	$2,005	$1,594	$1,702
Operating expenses
Research and development	–	($326)	($328)	($303)	($285)	($269)	($276)	($284)	($317)	($309)	($326)	($324)	($368)	($333)	($335)	($316)	($317)	($301)	($297)	–	–	–	–	–	–	($295)	($277)	($250)	($225)	($212)	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($3,734)	($3,528)	($3,930)	($3,615)	($3,581)	($3,399)	($3,632)	($3,254)	($3,367)	($3,202)	($3,300)	($3,443)	($3,709)	($3,699)	($3,757)	($3,761)	($3,673)	($3,498)	($3,291)	($3,106)	($2,948)	($2,737)	($2,511)	($2,376)	($2,278)	($3,102)	($2,865)	($2,805)	($2,664)	($2,578)	($2,854)	($3,308)	($1,620)	($1,598)	($2,014)	($1,703)	($1,431)	($1,406)	($1,349)	($1,233)	($940)	($1,075)
Total operating expenses	($3,581)	($3,572)	($3,589)	($4,341)	($3,215)	($3,427)	($3,578)	($3,044)	($3,368)	($3,229)	($3,308)	($5,011)	($4,162)	($3,706)	($3,752)	($3,710)	($3,777)	($3,595)	($3,311)	($3,088)	–	($2,509)	($2,525)	($2,488)	–	($3,571)	($3,816)	($3,683)	($3,432)	($3,281)	($3,415)	($3,889)	($1,950)	($1,894)	($2,302)	($1,968)	($1,671)	($1,617)	($1,536)	($1,419)	($1,109)	($1,215)
Total costs and expenses	($14,068)	($14,096)	($14,105)	($15,218)	($14,643)	($16,879)	($15,896)	($15,459)	($16,257)	($14,990)	($14,904)	($16,978)	($17,203)	($16,658)	($17,090)	($18,404)	($16,973)	($16,290)	($16,868)	($15,650)	($14,137)	($13,336)	($12,540)	($11,936)	($11,198)	($12,186)	($11,452)	($10,778)	($10,520)	($10,762)	($11,095)	($12,136)	($6,545)	($6,179)	($6,548)	($6,035)	($5,654)	($5,060)	($4,753)	($4,299)	($3,818)	($3,587)
Operating income	$2,514	$2,351	$2,700	$1,928	$2,309	$2,561	$3,244	$2,991	$2,229	$3,358	$3,383	$1,613	$2,521	$2,903	$2,377	$2,442	$2,773	$2,825	$2,547	$2,616	$2,610	$2,566	$2,543	$2,412	$2,368	$2,338	$2,530	$2,228	$1,778	$1,784	$2,054	$1,653	$819	$794	$543	$742	$754	$673	$641	$586	$485	$486
Earnings
EBITDA	$3,239	$3,156	$3,481	$2,681	$3,063	$3,327	$4,040	$3,908	$3,111	$4,082	$4,088	$2,359	$3,383	$3,766	$3,234	$3,533	$3,586	$3,608	$3,322	$3,423	$3,543	$3,411	$3,344	$3,158	$3,075	$3,078	$3,203	$2,856	$2,320	$2,275	$2,615	$2,235	$1,149	$1,089	$832	$1,007	$994	$884	–	–	–	–
Interest income	$21	$24	$48	$66	$14	$6	$8	$11	$10	$10	$11	$17	$18	$20	$18	$18	$20	$26	$46	$34	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($236)	($256)	($270)	($293)	($282)	($256)	($252)	($261)	($263)	($318)	($319)	($295)	($284)	($282)	($285)	($277)	($243)	($275)	($304)	($265)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$2,239	$2,052	$2,418	$1,606	$1,968	$2,225	$2,930	$2,650	$1,813	$2,991	$3,009	$1,335	$2,255	$2,641	$2,110	$2,183	$2,550	$2,576	$2,289	$2,318	$1,845	$1,969	$2,203	$2,076	$2,202	$2,164	$2,559	$2,398	$1,739	$1,317	$2,105	$187	$812	$795	$531	$744	$709	$666	$608	$556	$456	$456
Income tax expense	($733)	($599)	($442)	($343)	($405)	($479)	($676)	($576)	($471)	($776)	($922)	($418)	($856)	($828)	($660)	($660)	($788)	($746)	($618)	($537)	($469)	($438)	($484)	($484)	($630)	($646)	($758)	($730)	($562)	($433)	($701)	($154)	($276)	($284)	($186)	($236)	($277)	($242)	($230)	($230)	($186)	($189)
Net income	$1,955	$2,021	$2,545	$1,764	$1,934	$1,814	$2,352	$2,157	$1,410	$2,278	$2,166	$1,013	$1,526	$2,142	$1,750	$1,591	$1,843	$1,884	$1,690	$1,823	$1,500	$1,568	$1,800	$1,694	$1,675	$1,610	$1,801	$1,668	$1,166	$902	$1,404	$33	$535	$511	$135	$508	$432	$424	$379	$325	$269	$267
Per share
Diluted EPS (GAAP)	$5.88	$6.07	$7.55	$5.21	$5.72	$5.35	$6.87	$6.24	$4.03	$6.40	$5.99	$2.77	$4.04	$5.53	$4.42	$3.99	$4.45	$4.52	$4.03	$4.08	$3.25	$3.28	$3.61	$3.33	$3.22	$3.02	$3.31	$3.09	$1.99	$1.61	$2.49	$0.06	$1.62	$0.41	$0.42	$1.59	$1.35	$1.32	$1.18	$0.94	$0.74	$0.73
Basic EPS (GAAP)	$5.88	$6.09	$7.58	$5.22	$5.73	$5.38	$6.90	$6.28	$4.05	$6.44	$6.03	$2.78	$4.07	$5.58	$4.45	$4.02	$4.47	$4.53	$4.04	$4.11	$3.27	$3.30	$3.64	$3.34	$3.24	$3.04	$3.34	$3.11	$2.00	$1.62	$2.49	$0.06	$1.62	$0.42	$0.42	$1.59	$1.35	$1.32	$1.18	$0.94	$0.74	$0.73
Basic shares outstanding	332	332	336	338	337	337	341	344	348	354	359	364	374	384	393	396	412	416	418	441	459	475	495	507	517	530	539	536	583	556	564	553	331	321	321	320	320	321	321	346	364	366
Margins
Gross margin	36.8%	36.0%	37.4%	36.6%	32.6%	30.8%	35.6%	32.7%	30.3%	35.9%	36.6%	35.6%	33.9%	33.8%	31.5%	29.5%	33.2%	33.6%	30.2%	31.2%	–	31.9%	33.6%	34.2%	–	40.7%	45.4%	45.4%	42.4%	40.4%	41.6%	40.2%	37.6%	38.5%	40.1%	40.0%	37.8%	39.9%	40.4%	41.0%	37.0%	41.8%
Operating margin	15.2%	14.3%	16.1%	11.2%	13.6%	13.2%	16.9%	16.2%	12.1%	18.3%	18.5%	8.7%	12.8%	14.8%	12.2%	11.7%	14.0%	14.8%	13.1%	14.3%	15.6%	16.1%	16.9%	16.8%	17.5%	16.1%	18.1%	17.1%	14.5%	14.2%	15.6%	12.0%	11.1%	11.4%	7.7%	10.9%	11.8%	11.7%	11.9%	12.0%	11.3%	11.9%
Net margin	11.8%	12.3%	15.1%	10.3%	11.4%	9.3%	12.3%	11.7%	7.6%	12.4%	11.8%	5.4%	7.7%	11.0%	9.0%	7.6%	9.3%	9.9%	8.7%	10.0%	9.0%	9.9%	11.9%	11.8%	12.3%	11.1%	12.9%	12.8%	9.5%	7.2%	10.7%	0.2%	7.3%	7.3%	1.9%	7.5%	6.7%	7.4%	7.0%	6.7%	6.3%	6.6%

Analyst consensus

Hold32 analysts

Bearish · 3 · Hold · 19 · Bullish · 10

Earnings history

	EPS	Estimate
Q3 2024	$1.83	$1.70	Beat
Q4 2024	$1.50	$1.51	Miss
Q1 2025	$1.93	$1.89	Beat
Q2 2025	$1.92	$1.67	Beat
Q3 2025	$1.82	$1.75	Beat
Q4 2025	$1.86	$1.81	Beat
Q1 2026	$1.97	$1.93	Beat
Q2 2026	$1.80	$2.01	Miss

Peers

Company overview

IPO dateMar 17, 1980

CEOMichael D. Hsu

Employees36,000

SectorConsumer Defensive

IndustryHousehold & Personal Products

CountryUS

ExchangeNASDAQ

Websitewww.kimberly-clark.com

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care products in the United States. It operates in two segments, North America and International Personal Care. The North America segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, facial and bathroom tissue, paper towels, napkins, wipers, tissue, towels, soaps and sanitizers, and other related products under the Huggies, Pull-Ups, Goodnites, Kotex, Poise, Depend, Kleenex, Scott, Cottonelle, Viva, Wypall , and other brand names. Its International Personal Care segment provides baby and child care, adult care and feminine care, including disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Kotex, Goodfeel, Intimus, Depend, and other brand names. The company sells its household use products directly to supermarkets, mass merchandisers, drugstores, warehouse clubs, variety and department stores, and other retail outlets, as well as through other distributors and e-commerce. It also sells its professional use products through distributors, directly to manufacturing, lodging, office building, food service, and high-volume public facilities, and through e-commerce. Kimberly-Clark Corporation was founded in 1872 and is headquartered in Dallas, Texas.

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