|PG Overview
PG

PROCTER & GAMBLE Co

Materials • CIK: 0000080424

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Market Cap
$360.55B
P/E (TTM)
21.9x
Rev Growth (TTM)
+1.2%
Net Margin (TTM)
19.4%
FCF Yield (TTM)
4.1%
FCF Margin (TTM)
17.6%

LATEST EARNINGS

Q2 FY2026
22 days ago
View source
Revenue
Net Income
EPS
  • Net sales increased 1% to $22.2 billion.
  • Maintained fiscal year guidance for organic sales growth (in-line to up 4%), core EPS growth (in-line to up 4%), and adjusted free cash flow productivity (85% to 90%).
  • Adjusted free cash flow productivity was strong at 88%.
  • Returned $4.8 billion to shareholders via dividends ($2.5B) and share repurchases ($2.3B).

Cash Flow Health

Free Cash Flow8/8 positive
TTM$14.9B
Q1 '26
$4.2B+5%
Q4 '25
$4.0B+40%
FCF Margin
TTM17.6%
Q1 '2618.8%-2%
Sector: 4.7%Top 10%
OCF Margin22.3%
OCF/NI1.15x
CapEx Coverage4.8x
FCF Yield4.1%
FCF Growth (2Y)+4%
Cash Conversion Cycle
-39 days
DSO: 27+DIO: 65DPO: 131

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM4.3%
Div Yield2.7%
+
Buyback (TTM)1.6%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)2.7%
FCF Payout Ratio64.8%
Free Cash Flow (TTM)$14.9B
Stock Repurchases (TTM)$5.8B
Capital Return / FCF105.6%
Est. Dividends Paid (TTM)$9.7B
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
66.1%
Stable
+0.1% YoY+5.1%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
19.2%
8Q: 18.4%
Asset Turnover
0.68x
8Q: 0.69x
Leverage (1+D/E)
Asset & CapEx Efficiency
Fixed Asset Turn
3.69x
8Q:3.72x
-18.9%
Invested Cap Turn
3.44x
8Q:3.38x
+30.1%
CapEx Intensity
16.1%
8Q:14.6%
CapEx/Depreciation
1.38x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ1 2026Q4 2025Q3 2025Q2 2025Q2 2025Q4 2024Q3 2024Q2 2024
Revenue
$84.9B
$22.4B7.2%
$20.9B5.6%
$19.8B9.6%
$21.9B0.7%
$21.7B5.9%
$20.5B1.7%
$20.2B5.8%
$21.4B
Operating Income
$20.5B
$5.9B34.5%
$4.4B4.5%
$4.6B20.6%
$5.7B1.0%
$5.8B49.2%
$3.9B12.9%
$4.5B0.6%
$4.4B
Net Income
$16.5B
$4.7B32.2%
$3.5B4.3%
$3.7B18.9%
$4.6B17.3%
$3.9B26.9%
$3.1B16.9%
$3.7B8.4%
$3.4B
Operating Cash Flow
$18.9B
$5.4B8.5%
$5.0B34.5%
$3.7B23.2%
$4.8B12.2%
$4.3B25.2%
$5.8B40.8%
$4.1B19.8%
$5.1B
Free Cash Flow
$14.9B
$4.2B5.5%
$4.0B40.2%
$2.8B27.0%
$3.9B17.9%
$3.3B33.4%
$5.0B51.0%
$3.3B23.2%
$4.3B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
21.9x
Valuation Lenses
Earnings
21.9x
vs sector
Cash Flow
46.0x
EV/FCF vs
Growth-Adj
1.2xPEG
Fair for growth
Quality-Adj
0.3P/E per %ROIC
ROIC: 66.1%
Shareholder Returns
Dividend
2.7%
Buyback
1.6%
Total Yield
4.3%
Market Cap$360.55B
EV
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%
66.1%
8Q:
+5.1%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 19.2%
Asset Turnover: 0.68x

Earnings Quality

Cash Conversion

1.15x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin51.0%

Capital Efficiency

Invested Capital Turnover3.44x

Working Capital

Cash Conversion Cycle-39 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
53/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
1.2%
OpInc Growth YoY
1.0%
EPS Growth YoY
18.1%
FCF 3Y CAGR
4.2%

Margin Quality & Sustainability

High Quality
Profitability Cascade
Gross
51.0%
Operating
24.1%
Top 25% in sector
Net
19.4%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
-1.8 pts
FCF: 17.6% | Net: 19.4%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Net Debt / EBITDA
Net Debt: $24.77B
Interest Coverage
Leverage Metrics
Debt-to-Equity
x
Balance sheet risk & solvency analysis