KVUE Financials Kenvue

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 Nov 1, 2026, 10:31 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$15.1B	$1.5B	58.1%	16.0%	13.7%	5.4%	$1.7B	$8.5B	$1.1B
2024	$15.5B	$1.0B	58.0%	11.9%	10.7%	4.0%	$1.3B	$8.6B	$1.1B
2023	$15.4B	$1.7B	56.0%	16.3%	14.8%	6.0%	$2.7B	$8.3B	$1.4B
2023	$14.9B	$2.1B	55.4%	17.9%	10.3%	7.6%	$2.1B	$0	$1.2B
2022	$15.1B	$2.1B	55.9%	19.4%	10.1%	—	$39M	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Sep '26	$3.9B	$430M	59.5%	18.2%	4.2%	1.6%	$620M	$8.2B	$1.0B
Jun '26	$4.0B	$456M	58.2%	17.7%	4.3%	1.7%	$624M	$8.5B	$1.1B
Mar '26	$3.9B	$474M	58.9%	19.6%	4.5%	1.8%	$350M	$8.7B	$1.1B
Dec '25	$3.8B	$330M	56.5%	14.2%	3.1%	1.2%	$744M	$8.5B	$1.1B
Sep '25	$3.8B	$398M	59.1%	16.7%	3.7%	1.5%	$196M	$9.0B	$1.1B
Jun '25	$3.8B	$420M	58.9%	18.0%	3.9%	1.5%	$533M	$8.6B	$1.1B
Mar '25	$3.7B	$322M	58.0%	14.9%	3.2%	1.2%	$249M	$8.7B	$1.1B
Dec '24	$3.7B	$293M	56.5%	13.2%	3.0%	1.1%	$661M	$8.6B	$1.1B
Sep '24	$3.9B	$383M	58.5%	16.8%	3.6%	1.4%	$190M	$8.7B	$1.1B
Jun '24	$4.0B	$58M	59.1%	3.9%	0.6%	0.2%	$350M	$8.5B	$1.0B
Mar '24	$3.9B	$296M	57.6%	14.1%	2.8%	1.1%	$134M	$8.6B	$1.2B
Dec '23	$3.7B	$327M	55.7%	12.5%	2.9%	1.2%	$727M	$8.3B	$1.4B
Oct '23	$3.9B	$438M	57.5%	18.1%	4.0%	1.6%	$560M	$8.2B	$1.1B
Jul '23	$4.0B	$430M	55.5%	17.5%	3.9%	1.6%	$665M	$8.4B	$1.2B
Apr '23	$3.9B	$469M	55.2%	16.6%	2.3%	1.3%	$747M	$7.7B	$1.7B
Jan '23	$3.8B	$361M	54.3%	14.1%	1.8%	1.3%	$485M	$0	$1.2B
Oct '22	$3.8B	$586M	56.1%	20.1%	3.1%	—	$633M	—	—
Jul '22	$3.8B	$605M	56.7%	20.2%	3.1%	—	$731M	—	—
Apr '22	$3.6B	$528M	54.5%	17.0%	2.6%	—	$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 23.4× (May '23) to 25.3× (Oct '26).
The price-to-sales ratio has fallen from 3.2× (May '23) to 2.5× (Oct '26).
The dividend yield has risen from 1.9% (Jan '24) to 4.3% (Oct '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?

Kenvue's P/E (TTM) is 21.99 as of the 2026-10-30 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the KVUE stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 25.3× as of Oct '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.