15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 2.7% per year over the past 5 years.
Net income has grown in line with revenue (2.3% vs 2.7% per year).
Operating margin has been roughly flat, at 22.7% in the latest year.
Free cash flow has declined 0.6% per year over the past 5 years.
Financial health
Total debt ($34.1B) exceeds cash ($9.9B); net debt is $24.2B.
Total debt has grown in line with revenue (1.4% vs 2.7% per year).
Operating income covered interest expense 23× in the latest year.
Total debt is 1.5× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 63.8% of earnings and 67.6% of free cash flow.
The dividend has grown 4.4% per year over the past 5 years.
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
2026
$87.0B
$16.0B
50.2%
22.7%
29.5%
12.7%
$15.1B
$34.1B
$9.9B
2025
$84.3B
$16.0B
51.2%
24.3%
30.6%
12.8%
$14.0B
$34.5B
$9.6B
2024
$84.0B
$14.9B
51.4%
22.1%
29.4%
12.2%
$16.5B
$32.4B
$9.5B
2023
$82.0B
$14.7B
47.9%
22.1%
31.1%
12.1%
$13.8B
$34.6B
$8.2B
2022
$80.2B
$14.7B
47.4%
22.2%
31.5%
12.6%
$13.6B
$31.3B
$7.2B
2021
$76.1B
$14.3B
51.2%
23.6%
30.7%
12.0%
$15.6B
$31.9B
$10.3B
2020
$71.0B
$13.0B
50.3%
22.1%
27.8%
10.8%
$14.3B
$34.6B
$16.2B
2019
$67.7B
$3.9B
48.6%
8.1%
8.2%
3.4%
$11.9B
$30.0B
$4.2B
2018
$66.8B
$9.8B
48.5%
20.0%
18.4%
8.2%
$11.2B
$30.4B
$2.6B
2017
$65.1B
$15.3B
49.8%
21.2%
27.5%
12.7%
$9.4B
$31.4B
$5.6B
2016
—
$10.5B
—
—
18.1%
8.3%
$12.1B
$30.4B
—
2015
—
$7.0B
—
—
11.2%
5.4%
$10.9B
$31.9B
—
2014
$29.4B
$11.6B
0.0%
47.3%
16.6%
8.1%
$10.1B
$37.2B
—
2013
$29.2B
$11.3B
0.0%
44.7%
16.5%
8.1%
$10.9B
$31.3B
—
2012
$28.4B
$10.8B
0.0%
45.9%
16.8%
8.1%
$9.3B
$32.5B
—
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
Jun '26
$21.2B
$3.0B
48.5%
18.6%
5.6%
2.4%
$4.1B
$34.1B
$9.9B
Mar '26
$21.2B
$3.9B
49.5%
21.5%
7.2%
3.1%
$3.0B
$23.9B
$12.3B
Dec '25
$22.2B
$4.3B
51.2%
24.2%
8.1%
3.4%
$3.8B
$25.6B
$10.8B
Sep '25
$22.4B
$4.8B
51.4%
26.2%
8.9%
3.7%
$4.2B
$24.3B
$11.2B
Jun '25
$20.9B
$3.6B
49.1%
20.8%
6.9%
2.9%
$4.0B
$34.5B
$9.6B
Mar '25
$19.8B
$3.8B
51.0%
23.0%
7.2%
3.1%
$2.8B
$24.3B
$9.1B
Dec '24
$21.9B
$4.6B
52.4%
26.2%
9.0%
3.8%
$3.9B
$25.3B
$10.2B
Sep '24
$21.7B
$4.0B
52.1%
26.7%
7.6%
3.1%
$3.3B
$25.7B
$12.2B
Jun '24
$20.5B
$3.1B
49.6%
18.9%
6.2%
2.6%
$5.0B
$32.4B
$9.5B
Mar '24
$20.2B
$3.8B
51.2%
22.1%
7.5%
3.1%
$3.3B
$24.3B
$6.8B
Dec '23
$21.4B
$3.5B
52.7%
20.7%
7.1%
2.9%
$4.3B
$23.1B
$7.9B
Sep '23
$21.9B
$4.5B
52.0%
26.4%
9.4%
3.7%
$4.0B
$24.1B
$9.7B
Jun '23
$20.6B
$3.4B
48.4%
20.3%
7.2%
2.8%
$4.6B
$34.6B
$8.2B
Mar '23
$20.1B
$3.4B
48.2%
21.2%
7.5%
2.8%
$3.1B
$22.9B
$7.6B
Dec '22
$20.8B
$3.9B
47.5%
23.0%
8.8%
3.3%
$2.9B
$20.6B
$6.9B
Sep '22
$20.6B
$3.9B
47.4%
24.0%
8.9%
3.4%
$3.2B
$21.3B
$6.7B
Jun '22
$19.5B
$3.1B
44.6%
18.4%
6.5%
2.6%
$3.0B
$31.3B
$7.2B
Mar '22
$19.4B
$3.4B
46.7%
20.8%
7.3%
2.8%
$2.5B
$23.8B
$8.5B
Dec '21
$21.0B
$4.2B
49.1%
24.7%
9.4%
3.5%
$4.5B
$22.3B
$11.5B
Sep '21
$20.3B
$4.1B
49.0%
24.7%
8.9%
3.4%
$3.6B
$20.6B
$10.4B
Valuation over time
How the market has priced PG 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 fallen from 23.4× (Mar '23) to 21.3× (Sep '26).
The price-to-sales ratio has fallen from 4.3× (Mar '23) to 3.9× (Sep '26).
The dividend yield has risen from 2.5% (Mar '23) to 3.0% (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is PG growing its revenue and profit?
Over the past 5 years, Procter & Gamble's revenue has grown 2.7% per year, and net income grown 2.3% per year. These are computed facts, not advice.
How much debt does PG have?
As of FY2026, Procter & Gamble reported $34.1B of total debt against $9.9B of cash; operating income covered interest expense 23×.
What is PG's profit margin?
In FY2026, gross margin was 50.2%, operating margin 22.7%, and net margin 18.4%.
What is PG's P/E ratio?
As of Sep '26, Procter & Gamble traded at a price-to-earnings ratio of about 21.3× (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.