5 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 0.2% per year over the past 4 years.
Net income has grown slower than revenue (-10.9% vs 0.2% per year).
Operating margin has contracted, at 16.0% in the latest year.
Free cash flow has grown 253.4% per year over the past 4 years.
Financial health
Total debt ($8.5B) exceeds cash ($1.1B); net debt is $7.5B.
Total debt is 2.9× EBITDA.
Shareholder returns
Dividends have been paid for 3 consecutive years, consuming 107.6% of earnings and 91.8% of free cash flow.
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
$15.1B
$1.5B
58.1%
16.0%
$1.7B
$8.5B
$1.1B
2024
$15.5B
$1.0B
58.0%
11.9%
$1.3B
$8.6B
$1.1B
2023
$15.4B
$1.7B
56.0%
16.3%
$2.7B
$8.3B
$1.4B
2023
$14.9B
$2.1B
55.4%
17.9%
$2.1B
$0
$1.2B
2022
$15.1B
$2.1B
55.9%
19.4%
$39M
—
—
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
$3.9B
$474M
58.9%
19.6%
$350M
$8.7B
$1.1B
Dec '25
$3.8B
$330M
56.5%
14.2%
$744M
$8.5B
$1.1B
Sep '25
$3.8B
$398M
59.1%
16.7%
$196M
$9.0B
$1.1B
Jun '25
$3.8B
$420M
58.9%
18.0%
$533M
$8.6B
$1.1B
Mar '25
$3.7B
$322M
58.0%
14.9%
$249M
$8.7B
$1.1B
Dec '24
$3.7B
$293M
56.5%
13.2%
$661M
$8.6B
$1.1B
Sep '24
$3.9B
$383M
58.5%
16.8%
$190M
$8.7B
$1.1B
Jun '24
$4.0B
$58M
59.1%
3.9%
$350M
$8.5B
$1.0B
Mar '24
$3.9B
$296M
57.6%
14.1%
$134M
$8.6B
$1.2B
Dec '23
$3.7B
$327M
55.7%
12.5%
$727M
$8.3B
$1.4B
Oct '23
$3.9B
$438M
57.5%
18.1%
$560M
$8.2B
$1.1B
Jul '23
$4.0B
$430M
55.5%
17.5%
$665M
$8.4B
$1.2B
Apr '23
$3.9B
$469M
55.2%
16.6%
$747M
$7.7B
$1.7B
Jan '23
$3.8B
$361M
54.3%
14.1%
$485M
$0
$1.2B
Oct '22
$3.8B
$586M
56.1%
20.1%
$633M
—
—
Jul '22
$3.8B
$605M
56.7%
20.2%
$731M
—
—
Apr '22
$3.6B
$528M
54.5%
17.0%
$301M
—
—
Valuation over time
How the market has priced KVUE against its own fundamentals since 2023-05 —
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 23.3× (May '23) to 24.8× (Jun '26).
The price-to-sales ratio has fallen from 3.2× (May '23) to 2.4× (Jun '26).
The dividend yield has risen from 1.9% (Jan '24) to 4.3% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is KVUE growing its revenue and profit?
Over the past 4 years, Kenvue's revenue has grown 0.2% per year, and net income declined 10.9% per year. These are computed facts, not advice.
How much debt does KVUE have?
As of FY2025, Kenvue reported $8.5B of total debt against $1.1B of cash.
What is KVUE's profit margin?
In FY2025, gross margin was 58.1%, operating margin 16.0%, and net margin 9.7%.
What is KVUE's P/E ratio?
As of Jun '26, Kenvue traded at a price-to-earnings ratio of about 24.8× (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.