A Business at a Glance
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ESTEE LAUDER COMPANIES INC
EL
$28.9B
Mkt Cap
$80.29
+0.46%
ESTEE LAUDER COMPANIES INC (EL) has a 5-year average return on invested capital (ROIC) of 18.5%. This indicates strong capital allocation and a potential competitive advantage.
ESTEE LAUDER COMPANIES INC (EL) has a market capitalization of $29.3B. It is classified as a large-cap stock.
Yes, ESTEE LAUDER COMPANIES INC (EL) pays a dividend with a trailing twelve-month yield of 1.73%. The company also returns capital through share buybacks, with a buyback yield of 0.24%.
ESTEE LAUDER COMPANIES INC (EL) operates in the Perfumes, Cosmetics & Other Toilet Preparations industry, within the Consumer Defensive sector.
ESTEE LAUDER COMPANIES INC (EL) reported annual revenue of $14.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
ESTEE LAUDER COMPANIES INC (EL) has a net profit margin of -7.9%. The company is currently unprofitable.
ESTEE LAUDER COMPANIES INC (EL) generated $670 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Estée Lauder Companies is one of the world's leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products, operating as a steward of over 20 luxury and prestige brands globally with presence in approximately 150 countries and territories. The company operates through a dual-channel model: a wholesale business selling through brick-and-mortar locations (department stores, duty-free retailers, specialty-multi retailers, upscale perfumeries, pharmacies, and top-tier salons and spas) and various e-commerce platforms, alongside a direct-to-consumer business across freestanding stores, brand websites, and third-party online platforms. The portfolio spans multiple price tiers and lifestyle segments, from prestige brands like Estée Lauder, La Mer, and Jo Malone London to accessible luxury brands like The Ordinary and Clinique, with each brand maintaining a distinct global image and distribution strategy tailored to its positioning. The company's unit economics are characterized by high-margin prestige beauty products with significant consumer-facing investment requirements, supported by a cost-reduction program (PRGP) designed to fund innovation and marketing while improving operational efficiency. Estée Lauder has been controlled by the Lauder family since its 1946 founding, with family members beneficially owning approximately 84% of outstanding voting power as of August 2025, providing long-term strategic continuity and brand stewardship.
【Margin expansion accelerating】 Management expects fiscal 2026 to mark a pivotal inflection point with organic sales growth returning to approximately 3% and operating margin expanding to 10.7%-11%, the first margin expansion in four years, driven by the Beauty Reimagined strategic transformation launched in February 2025 and disciplined execution of the PRGP cost-reduction program. For fiscal 2027, the company projects accelerating organic sales growth of 3%-5% with operating margin of 12.5%-13%, reflecting anticipated improvement in mainland China retail sales growth to mid-single digits and robust global prestige beauty demand, supported by a rich innovation pipeline and continued benefits from organizational restructuring. Management is executing the largest transformation in company history, including organizational redesign, cultural realignment through "One Culture," and deployment of an integrated operating model expected to be fully operational by end of calendar 2026, positioning the company to gain prestige beauty share at the mid to high end of the range while maintaining disciplined capital allocation and cash generation.
| Metric | Target | Period |
|---|---|---|
| Organic net sales growth | approximately 3% | FY2026 |
| Operating margin | 10.7%-11% | FY2026 |
| Diluted EPS | $2.35 to $2.45 | FY2026 |
| Organic net sales growth | 3%-5% | FY2027 |
| Operating margin | 12.5%-13% | FY2027 |
Organic net sales growth (FY2026): “We now expect to deliver organic sales growth of 3%, the high end of our prior range.”
Operating margin (FY2026): “Operating margin on track to be 10.7%-11%, significantly ahead of the 10% we previously expected at the midpoint, and notably better than the 8% of fiscal 2025.”
Diluted EPS (FY2026): “Diluted EPS is now expected to range between $2.35 and $2.45.”
Organic net sales growth (FY2027): “we currently assume net sales growth of 3%-5% for the full year”
Operating margin (FY2027): “operating margin of 12.5%-13%”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 14.8B | 14.3B | 15.6B | 15.9B | 17.7B | 16.2B |
| Net Income | -248M | -1.1B | 390M | 1.0B | 2.4B | 2.9B |
| EPS | $-0.70 | $-3.15 | $1.08 | $2.79 | $6.55 | $7.79 |
| Free Cash Flow | 1.3B | 670M | 1.4B | 728M | 2.0B | 3.0B |
| ROIC | -8.2% | -6.0% | 6.0% | 12.5% | 36.8% | 43.1% |
| Gross Margin | 74.7% | 74.0% | 71.7% | 71.3% | 75.7% | 76.4% |
| Debt/Equity | 1.71 | 0.42 | 1.46 | 1.63 | 0.97 | 0.92 |
| Dividends/Share | $1.39 | $1.71 | $2.64 | $2.58 | $2.33 | $2.07 |
| Operating Income | 429M | -785M | 970M | 1.5B | 3.2B | 2.6B |
| Operating Margin | 2.9% | -5.5% | 6.2% | 9.5% | 17.9% | 16.1% |
| ROE | -6.2% | -9.9% | 7.2% | 18.0% | 41.0% | 57.4% |
| Shares Outstanding | 365M | 360M | 361M | 361M | 365M | 368M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 11.0B | 10.8B | 11.3B | 11.8B | 13.7B | 14.9B | 14.3B | 16.2B | 17.7B | 15.9B | 15.6B | 14.3B | 14.8B |
| Gross Margin | 80.3% | 80.5% | 80.6% | 79.4% | 79.2% | 77.2% | 75.2% | 76.4% | 75.7% | 71.3% | 71.7% | 74.0% | 74.7% |
| R&D | 158M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 7.0B | 7.1B | 7.3B | 7.5B | 8.6B | 8.9B | 8.6B | 9.4B | 9.9B | 9.6B | 9.6B | 9.5B | 9.5B |
| EBIT | 1.8B | 1.6B | 1.6B | 1.7B | 2.1B | 2.3B | 606M | 2.6B | 3.2B | 1.5B | 970M | -785M | 429M |
| Op. Margin | 16.7% | 14.9% | 14.3% | 14.4% | 15.0% | 15.6% | 4.2% | 16.1% | 17.9% | 9.5% | 6.2% | -5.5% | 2.9% |
| Net Income | 1.2B | 1.1B | 1.1B | 1.2B | 1.1B | 1.8B | 684M | 2.9B | 2.4B | 1.0B | 390M | -1.1B | -248M |
| Net Margin | 11.0% | 10.1% | 9.9% | 10.6% | 8.1% | 12.0% | 4.8% | 17.7% | 13.5% | 6.3% | 2.5% | -7.9% | -1.7% |
| Non-Recurring | -11M | -15M | 117M | 235M | 242M | 292M | 875M | 259M | 136M | 72M | 406M | 14M | -322M |
| Returns on Capital | |||||||||||||
| ROIC | 37.2% | 30.9% | 26.8% | 24.5% | 20.3% | 33.7% | 8.6% | 43.1% | 36.8% | 12.5% | 6.0% | -6.0% | -8.2% |
| ROE | 33.7% | 29.0% | 30.9% | 31.4% | 24.4% | 39.3% | 16.4% | 57.4% | 41.0% | 18.0% | 7.2% | -9.9% | -6.2% |
| ROA | 16.0% | 13.5% | 12.8% | 12.0% | 9.2% | 13.9% | 4.4% | 14.4% | 11.1% | 4.5% | 1.7% | -5.5% | -1.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.5B | 1.9B | 1.8B | 1.8B | 2.6B | 2.5B | 2.3B | 3.6B | 3.0B | 1.7B | 2.4B | 1.3B | 1.8B |
| Free Cash Flow | 1.0B | 1.5B | 1.3B | 1.3B | 1.9B | 1.8B | 1.7B | 3.0B | 2.0B | 728M | 1.4B | 670M | 1.3B |
| Owner Earnings | 998M | 1.4B | 1.2B | 1.1B | 1.8B | 1.7B | 1.5B | 2.7B | 2.0B | 720M | 1.2B | 139M | 687M |
| CapEx | 510M | 473M | 525M | 504M | 629M | 744M | 623M | 637M | 1.0B | 1.0B | 919M | 602M | 513M |
| Maint. CapEx | 385M | 409M | 415M | 464M | 531M | 557M | 611M | 651M | 727M | 744M | 825M | 829M | 808M |
| Growth CapEx | 126M | 64M | 110M | 40M | 98M | 187M | 12M | 0 | 313M | 259M | 94M | 0 | 0 |
| D&A | 385M | 409M | 415M | 464M | 531M | 557M | 611M | 651M | 727M | 744M | 825M | 829M | 808M |
| CapEx/OCF | 33.2% | 24.3% | 29.3% | 28.0% | 24.6% | 29.6% | 27.3% | 17.5% | 34.2% | 57.9% | 38.9% | 47.3% | 28.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 302M | 350M | 423M | 486M | 546M | 609M | 503M | 753M | 840M | 925M | 947M | 618M | 507M |
| Dividend Yield | 1.3% | 1.3% | 1.5% | 1.7% | 1.3% | 1.2% | 0.8% | 0.9% | 0.8% | 1.1% | 1.9% | 2.3% | 1.7% |
| Share Buybacks | 667M | 983M | 890M | 413M | 759M | 1.6B | 893M | 733M | 2.3B | 271M | 35M | 35M | 70M |
| Buyback Yield | 2.6% | 3.3% | 3.0% | 1.3% | 1.6% | 2.5% | 1.4% | 0.7% | 2.6% | 0.4% | 0.1% | 0.1% | 0.2% |
| Stock-Based Comp | 153M | 165M | 184M | 219M | 236M | 243M | 213M | 327M | 331M | 267M | 325M | 304M | 303M |
| Debt Repayment | 12M | 8.0M | 8.0M | 306M | 2.0M | 1.0M | 513M | 459M | 18M | 265M | 10M | 505M | 505M |
| Balance Sheet | |||||||||||||
| Net Debt | -286M | 100M | 859M | 1.8B | 829M | 425M | 1.1B | 611M | 1.5B | 5.1B | 4.4B | 4.4B | 3.7B |
| Cash & Equiv. | 1.6B | 1.0B | 914M | 1.1B | 2.2B | 3.0B | 5.0B | 5.0B | 4.0B | 4.0B | 3.4B | 2.9B | 3.1B |
| Long-Term Debt | 1.3B | 1.6B | 1.9B | 3.4B | 3.4B | 2.9B | 4.9B | 5.5B | 5.1B | 7.1B | 7.3B | 7.3B | 6.8B |
| Debt/Equity | 0.35 | 0.45 | 0.63 | 0.81 | 0.76 | 0.78 | 1.56 | 0.92 | 0.97 | 1.63 | 1.46 | 0.42 | 1.71 |
| Interest Coverage | 30.8 | 26.8 | 22.7 | 16.5 | 16.1 | 17.4 | 3.8 | 15.1 | 19.0 | 5.9 | 2.6 | -2.2 | -2.2 |
| Equity | 3.9B | 3.6B | 3.6B | 4.4B | 4.7B | 4.4B | 3.9B | 6.1B | 5.6B | 5.6B | 5.3B | 17.6B | 4.0B |
| Total Assets | 7.9B | 8.2B | 9.2B | 11.6B | 12.6B | 13.2B | 17.8B | 22.0B | 20.9B | 23.4B | 21.7B | 19.9B | 19.7B |
| Total Liabilities | 4.0B | 4.6B | 5.6B | 7.2B | 7.9B | 8.7B | 13.8B | 15.0B | 14.5B | 17.0B | 16.4B | 16.0B | 391M |
| Intangibles | 157M | 327M | 344M | 1.3B | 1.3B | 1.2B | 2.3B | 4.1B | 3.4B | 5.6B | 5.2B | 3.8B | 3.6B |
| Retained Earnings | 6.3B | 7.0B | 7.7B | 8.5B | 9.0B | 10.0B | 10.1B | 12.2B | 13.9B | 14.0B | 13.4B | 11.7B | 11.6B |
| Working Capital | 2.8B | 2.1B | 1.5B | 2.1B | 2.9B | 2.6B | 3.7B | 4.5B | 3.5B | 2.9B | 2.2B | 1.6B | 1.6B |
| Current Assets | 4.8B | 4.2B | 4.2B | 5.0B | 6.2B | 7.2B | 8.9B | 9.8B | 9.3B | 9.1B | 7.9B | 7.1B | 7.5B |
| Current Liabilities | 2.1B | 2.1B | 2.7B | 2.8B | 3.3B | 4.6B | 5.2B | 5.3B | 5.8B | 6.2B | 5.7B | 5.4B | 5.9B |
| Per Share Data | |||||||||||||
| EPS | 3.06 | 2.82 | 2.96 | 3.35 | 2.95 | 4.82 | 1.86 | 7.79 | 6.55 | 2.79 | 1.08 | -3.15 | -0.70 |
| Owner EPS | 2.54 | 3.55 | 3.16 | 2.97 | 4.78 | 4.64 | 3.96 | 7.20 | 5.43 | 2.00 | 3.35 | 0.39 | 1.88 |
| Book Value | 9.80 | 9.43 | 9.48 | 11.76 | 12.48 | 11.84 | 10.70 | 16.44 | 15.32 | 15.49 | 14.72 | 48.83 | 10.95 |
| Cash Flow/Share | 3.90 | 5.03 | 4.75 | 4.80 | 6.82 | 6.80 | 6.20 | 9.86 | 8.33 | 4.80 | 6.54 | 3.54 | 1.54 |
| Dividends/Share | 0.78 | 0.92 | 1.14 | 1.32 | 1.48 | 1.67 | 1.39 | 2.07 | 2.33 | 2.58 | 2.64 | 1.71 | 1.39 |
| Shares Out. | 393.5M | 386.2M | 376.7M | 372.8M | 375.6M | 370.3M | 367.7M | 368.4M | 364.9M | 360.6M | 361.1M | 359.7M | 364.5M |
| Valuation | |||||||||||||
| P/E Ratio | 21.0 | 27.2 | 26.3 | 25.9 | 43.8 | 34.8 | 91.5 | 37.6 | 36.9 | 66.0 | 95.4 | N/A | -115.0 |
| P/FCF | 24.7 | 20.1 | 23.2 | 25.2 | 25.1 | 35.1 | 37.8 | 36.0 | 44.1 | 91.2 | 25.8 | 42.5 | 22.8 |
| EV/EBIT | 12.8 | 18.5 | 19.0 | 20.3 | 24.1 | 25.6 | 107.1 | 41.5 | 28.3 | 47.3 | 43.4 | N/A | 76.8 |
| Price/Book | 6.6 | 8.1 | 8.2 | 7.4 | 10.4 | 14.2 | 15.9 | 17.8 | 4.7 | 3.5 | 2.0 | 1.6 | 7.3 |
| Price/Sales | 2.2 | 2.4 | 2.6 | 2.4 | 3.1 | 3.4 | 4.5 | 5.4 | 5.9 | 5.1 | 3.2 | 1.9 | 2.0 |
| FCF Yield | 4.0% | 5.0% | 4.3% | 4.0% | 4.0% | 2.9% | 2.6% | 2.8% | 2.3% | 1.1% | 3.9% | 2.4% | 4.4% |
| Market Cap | 25.3B | 29.6B | 29.3B | 32.4B | 48.6B | 62.2B | 62.6B | 107.9B | 88.1B | 66.4B | 37.2B | 28.5B | 29.3B |
| Avg. Price | 60.60 | 67.93 | 77.00 | 77.11 | 114.46 | 135.04 | 174.33 | 235.99 | 285.91 | 223.36 | 137.36 | 76.14 | 80.29 |
| Year-End Price | 64.37 | 76.70 | 77.88 | 86.81 | 129.30 | 167.96 | 170.11 | 292.88 | 241.54 | 184.05 | 102.98 | 79.24 | 80.29 |
ESTEE LAUDER COMPANIES INC passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 17.5x vs a median of 35.6x. The company's 5-year average ROIC is 18.5% with a gross margin of 73.8%. Total shareholder yield (dividends + buybacks) is 2.0%. At current prices, the estimated annualized return to fair value is -4.3%.
ESTEE LAUDER COMPANIES INC (EL) has a debt-to-equity ratio of 0.42. This indicates a conservatively financed balance sheet.
ESTEE LAUDER COMPANIES INC (EL) reported earnings per share (EPS) of $-3.15 in its most recent fiscal year.
ESTEE LAUDER COMPANIES INC (EL) has a return on equity (ROE) of -9.9%. A negative ROE may indicate losses or negative equity.
ESTEE LAUDER COMPANIES INC (EL) has a 5-year average gross margin of 73.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for ESTEE LAUDER COMPANIES INC (EL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ESTEE LAUDER COMPANIES INC (EL) has a book value per share of $48.83, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects fiscal 2026 to mark a pivotal inflection point with organic sales growth returning to approximately 3% and operating margin expanding to 10.7%-11%, the first margin expansion in four years, driven by the Beauty Reimagined strategic transformation launched in February 2025 and disciplined execution of the PRGP cost-reduction program. For fiscal 2027, the company projects accelerating organic sales growth of 3%-5% with operating margin of 12.5%-13%, reflecting anticipated improvement in mainland China retail sales growth to mid-single digits and robust global prestige beauty demand, supported by a rich innovation pipeline and continued benefits from organizational restructuring. Management is executing the largest transformation in company history, including organizational redesign, cultural realignment through "One Culture," and deployment of an integrated operating model expected to be fully operational by end of calendar 2026, positioning the company to gain prestige beauty share at the mid to high end of the range while maintaining disciplined capital allocation and cash generation.
Based on recent SEC filings and earnings calls, ESTEE LAUDER COMPANIES INC (EL) has provided the following forward guidance: Organic net sales growth: approximately 3% (FY2026); Operating margin: 10.7%-11% (FY2026); Diluted EPS: $2.35 to $2.45 (FY2026); Organic net sales growth: 3%-5% (FY2027); Operating margin: 12.5%-13% (FY2027).
No recent press releases.