PG

PROCTER & GAMBLE Co

Materials • CIK: 0000080424

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Market Cap
$337.66B
P/E (TTM)
20.7x
Rev Growth (TTM)
+3.3%
Net Margin (TTM)
18.8%
FCF Yield (TTM)
4.5%
FCF Margin (TTM)
17.3%

LATEST EARNINGS

Q3 FY2026
23 days ago
View source
Revenue
$28.00B
Net Income
$3.95K
EPS
N/A
Gross
49.5% -1.5%
Operating
21.5% -1.5%
Net
18.5% -0.6%
  • Net sales increased 7% to $21.2 billion, with organic sales up 3% driven by 2% volume and 1% pricing.
  • Diluted EPS increased 6% to $1.63, driven by a gain from the dissolution of the Glad joint venture business.
  • Maintained fiscal year sales and EPS growth guidance.
  • The dividend increase marks the 70th consecutive year of dividend increases and 136th consecutive year of dividend payments.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$15.0B
Q3 '26
$3.0B-20%
Q2 '26
$3.8B-10%
FCF Margin
TTM17.3%
Q3 '2614.3%-17%
Sector: 1.1%Top 10%
OCF Margin22.4%
OCF/NI1.19x
CapEx Coverage4.4x
FCF Yield4.5%
FCF Growth (2Y)+7%
Cash Conversion Cycle
-37 days
DSO: 26+DIO: 65DPO: 129

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM4.4%
Div Yield2.9%
+
Buyback (TTM)1.4%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)2.9%
FCF Payout Ratio65.8%
Free Cash Flow (TTM)$15.0B
Stock Repurchases (TTM)$4.9B
Capital Return / FCF100.0%
Est. Dividends Paid (TTM)$9.9B
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
20.7%
Stable
-0.0% YoY+0.5%
P25MedianP75
75th pctl (med: 0.0%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
18.4%
8Q: 18.9%
Asset Turnover
0.69x
8Q: 0.69x
Leverage (1+D/E)
Asset & CapEx Efficiency
Fixed Asset Turn
3.61x
8Q:3.69x
-29.3%
Invested Cap Turn
1.12x
8Q:1.12x
Flat
CapEx Intensity
5.7%
8Q:5.2%
CapEx/Depreciation
1.43x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q2 2025Q4 2024
Revenue
$86.7B
$21.2B4.4%
$22.2B0.8%
$22.4B7.2%
$20.9B5.6%
$19.8B9.6%
$21.9B0.7%
$21.7B5.9%
$20.5B
Operating Income
$20.2B
$4.6B14.7%
$5.4B8.4%
$5.9B34.5%
$4.4B4.5%
$4.6B20.6%
$5.7B1.0%
$5.8B49.2%
$3.9B
Net Income
$16.3B
$3.9B9.1%
$4.2B9.2%
$4.7B32.2%
$3.5B4.3%
$3.7B18.9%
$4.6B17.3%
$3.9B26.9%
$3.1B
Operating Cash Flow
$19.4B
$4.0B18.6%
$5.0B8.1%
$5.4B8.5%
$5.0B34.5%
$3.7B23.2%
$4.8B12.2%
$4.3B25.2%
$5.8B
Free Cash Flow
$15.0B
$3.0B20.5%
$3.8B9.6%
$4.2B5.5%
$4.0B40.2%
$2.8B27.0%
$3.9B17.9%
$3.3B33.4%
$5.0B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
20.7x
Volatile
8Q: 96.0x-3734%
Valuation Lenses
Earnings
20.7x
vs sector
Cash Flow
24.1x
EV/FCF vs
Growth-Adj
2.4xPEG
Expensive for growth
Quality-Adj
1.0P/E per %ROIC
ROIC: 20.7%
Shareholder Returns
Dividend
2.9%
Buyback
1.4%
Total Yield
4.4%
Market Cap$337.66B
EV$362.77B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
96/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)
8Q:
Return on Invested Capital (ROIC)Top 25%
20.7%
8Q:
Flat
vs Sector:0.0%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 18.4%
Asset Turnover: 0.69x

Earnings Quality

Cash Conversion

1.19x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin50.3%

Capital Efficiency

Invested Capital Turnover1.12x

Working Capital

Cash Conversion Cycle-37 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
57/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
3.3%
OpInc Growth YoY
0.4%
EPS Growth YoY
8.6%
FCF 3Y CAGR
7.2%

Margin Quality & Sustainability

High Quality
Profitability Cascade
Gross
50.3%
Operating
23.2%
Top 25% in sector
Net
18.8%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
-1.5 pts
FCF: 17.3% | Net: 18.8%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Net Debt / EBITDA
Net Debt: $24.72B
Interest Coverage
Leverage Metrics
Debt-to-Equity
x
Balance sheet risk & solvency analysis