EL Financials Estée Lauder Companies (The)

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 30 h ago Overview →

Growth & profitability

Revenue has grown 0.0% per year over the past 5 years.
Operating margin has contracted, at -5.5% in the latest year.
Free cash flow has declined 16.6% per year over the past 5 years.

Financial health

Total debt ($7.3B) exceeds cash ($2.9B); net debt is $4.4B.
Total debt has grown faster than revenue (3.6% vs 0.0% per year).
Operating income covered interest expense -2.2× in the latest year.
Total debt is 166× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 92.2% of free cash flow.
The dividend has grown 4.2% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$14.3B	-$1.1B	74.0%	-5.5%	$670M	$7.3B	$2.9B
2024	$15.6B	$409M	71.7%	6.2%	$1.4B	$7.8B	$3.4B
2023	$15.9B	$1.0B	71.3%	9.5%	$728M	$8.1B	$4.0B
2022	$17.7B	$2.4B	75.7%	17.9%	$2.0B	$5.4B	$4.0B
2021	$16.2B	$2.9B	76.4%	16.1%	$3.0B	$5.6B	$5.0B
2020	$14.3B	$696M	75.2%	4.2%	$1.7B	$6.1B	$5.0B
2019	$14.9B	$1.8B	77.2%	15.6%	$1.8B	$3.4B	$3.0B
2018	$13.7B	$1.1B	79.2%	15.0%	$1.9B	$3.5B	$2.2B
2017	$11.8B	$1.3B	79.4%	14.4%	$1.3B	$3.6B	$1.1B
2016	—	$1.1B	—	—	$1.3B	$2.2B	$914M
2015	—	$1.1B	—	—	$1.5B	$1.6B	—
2014	—	$1.2B	—	—	—	$1.3B	—
2013	—	$1.0B	—	—	—	$1.3B	—
2012	—	$861M	—	—	—	$1.3B	—
2011	—	$704M	—	—	$676M	$1.2B	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$3.7B	$89M	76.4%	6.7%	$310M	—	$3.1B
Dec '25	$4.2B	$162M	76.5%	9.5%	$1.0B	—	$3.1B
Sep '25	$3.5B	$47M	73.4%	4.9%	-$436M	—	$2.2B
Jun '25	$3.4B	—	72.0%	-11.4%	$394M	$7.3B	$2.9B
Mar '25	$3.5B	$159M	75.0%	8.6%	$162M	—	$2.6B
Dec '24	$4.0B	-$590M	76.1%	-14.5%	$925M	—	$2.6B
Sep '24	$3.4B	-$156M	72.4%	-3.6%	-$811M	—	$2.4B
Jun '24	$3.9B	—	71.8%	-6.0%	$672M	$7.8B	$3.4B
Mar '24	$3.9B	—	71.9%	13.5%	$359M	—	$3.7B
Dec '23	$4.3B	—	73.0%	13.4%	$1.1B	—	$3.9B
Sep '23	$3.5B	—	69.6%	2.8%	-$703M	—	$3.1B
Jun '23	$3.6B	—	67.8%	-0.1%	$363M	$8.1B	$4.0B
Mar '23	$3.8B	—	69.1%	7.9%	$33M	—	$5.5B
Dec '22	$4.6B	—	73.6%	12.0%	$1.1B	—	$3.7B
Sep '22	$3.9B	—	74.0%	16.8%	-$802M	—	$2.9B
Jun '22	$3.6B	—	71.0%	2.2%	$689M	$5.4B	$4.0B
Mar '22	$4.2B	—	76.6%	17.4%	-$76M	—	$3.8B
Dec '21	$5.5B	—	77.9%	25.6%	$1.7B	—	$4.6B
Sep '21	$4.4B	—	75.9%	21.3%	-$286M	—	$4.0B
Jun '21	$3.9B	—	74.9%	5.9%	$603M	$5.6B	$5.0B

Valuation over time

How the market has priced EL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 37.0× (Mar '23) to 59.2× (May '25).
The price-to-sales ratio has fallen from 5.0× (Mar '23) to 2.1× (Jun '26).
The dividend yield has risen from 0.9% (Mar '23) to 2.1% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is EL growing its revenue and profit?

Over the past 5 years, Estée Lauder Companies (The)'s revenue has grown 0.0% per year. These are computed facts, not advice.

How much debt does EL have?

As of FY2025, Estée Lauder Companies (The) reported $7.3B of total debt against $2.9B of cash; operating income covered interest expense -2.2×.

What is EL's profit margin?

In FY2025, gross margin was 74.0%, operating margin -5.5%, and net margin -7.9%.

What is EL's P/E ratio?

As of Jun '26, Estée Lauder Companies (The) traded at a price-to-earnings ratio of about 59.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.