KVUE (Kenvue Inc.) Stock Financials & Earnings | Market Cap Arena

KVUE (Kenvue Inc.) Stock Financials & Earnings | Market Cap Arena

KVUEKenvue Inc.

Mkt Cap$35B

Consumer Defensive·Household & Personal Products·🇺🇸 United States·NYSE

Revenue (TTM)$15.1B

Net Income (TTM)$1.5B

EPS (TTM)$0.77

Free Cash Flow (TTM)$1.7B

Gross Margin58.1%

Op. Margin17.9%

Net Margin9.7%

FCF Margin11.4%

P/S Ratio (TTM)2.3x

P/E Ratio (TTM)23.5x

YoY Rev Growth-2.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$3.9B	$2.1B	$640M
Q2 23	$4.0B	$2.2B	$702M
Q3 23	$3.9B	$2.3B	$710M
Q4 23	$3.7B	$2.0B	$460M
Q1 24	$3.9B	$2.2B	$550M
Q2 24	$4.0B	$2.4B	$154M
Q3 24	$3.9B	$2.3B	$654M
Q4 24	$3.7B	$2.1B	$483M
Q1 25	$3.7B	$2.2B	$558M
Q2 25	$3.8B	$2.3B	$692M
Q3 25	$3.8B	$2.2B	$629M
Q4 25	$3.8B	$2.1B	$825M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.3x	17.1x
Q2 23	2.2x	18.7x
Q3 23	2.2x	20.4x
Q4 23	2.2x	20.8x
Q1 24	2.2x	23.2x
Q2 24	2.2x	30.9x
Q3 24	2.2x	32.5x
Q4 24	2.2x	33.6x
Q1 25	2.3x	32.8x
Q2 25	2.3x	24.4x
Q3 25	2.3x	24.1x
Q4 25	2.3x	23.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$802M	$747M
Q2 23	$742M	$665M
Q3 23	$674M	$560M
Q4 23	$950M	$727M
Q1 24	$287M	$134M
Q2 24	$440M	$350M
Q3 24	$249M	$190M
Q4 24	$793M	$661M
Q1 25	$428M	$249M
Q2 25	$621M	$533M
Q3 25	$294M	$196M
Q4 25	$854M	$744M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$55M
Q2 23	$77M
Q3 23	$114M
Q4 23	$223M
Q1 24	$153M
Q2 24	$90M
Q3 24	$59M
Q4 24	$132M
Q1 25	$179M
Q2 25	$88M
Q3 25	$98M
Q4 25	$110M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+7.3%	+7.8%
Q2 23	+5.7%	+12.1%
Q3 23	+3.5%	+8.3%
Q4 23	-2.6%	+2.4%
Q1 24	+1.1%	+4.1%
Q2 24	-0.3%	+16.2%
Q3 24	-0.4%	+1.2%
Q4 24	-0.1%	-0.8%
Q1 25	-3.9%	-4.8%
Q2 25	-4.0%	-18.2%
Q3 25	-3.5%	-3.4%
Q4 25	+3.2%	-7.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$35M	0.9%
Q2 23	$38M	0.9%
Q3 23	$2M	0.1%
Q4 23	$113M	3.1%
Q1 24	$81M	2.1%
Q2 24	$61M	1.5%
Q3 24	$58M	1.5%
Q4 24	$54M	1.5%
Q1 25	$44M	1.2%
Q2 25	$37M	1.0%
Q3 25	$25M	0.7%
Q4 25	$30M	0.8%

OpEx Breakdown

Quarter	SG&A
Q1 23	$1.5B
Q2 23	$1.5B
Q3 23	$1.5B
Q4 23	$1.6B
Q1 24	$1.6B
Q2 24	$1.6B
Q3 24	$1.6B
Q4 24	$1.5B
Q1 25	$1.5B
Q2 25	$1.5B
Q3 25	$1.5B
Q4 25	$1.5B

Revenue Segments

Quarter	Essential Health	Self Care	Skin Health and Beauty
Q1 23	$1.1B	$1.6B	$1.1B
Q3 23	$1.2B	$1.6B	$1.1B
Q4 23	$1.1B	$1.5B	$1.0B
Q1 24	$1.1B	$1.7B	$1.1B
Q2 24	$1.3B	$1.6B	$1.1B
Q3 24	$1.2B	$1.6B	$1.1B
Q1 25	$1.1B	$1.7B	$977M
Q2 25	$1.2B	$1.6B	$1.1B
Q3 25	$1.2B	$1.6B	$1.0B
Q4 25	$1.1B	$1.6B	$1.0B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$1.7B	$0	$1.7B
Q2 23	$1.2B	$0	$1.2B
Q3 23	$1.1B	$0	$1.1B
Q4 23	$1.4B	$0	$1.4B
Q1 24	$1.2B	$0	$1.2B
Q2 24	$1.0B	$0	$1.0B
Q3 24	$1.1B	$0	$1.1B
Q4 24	$1.1B	$0	$1.1B
Q1 25	$1.1B	$0	$1.1B
Q2 25	$1.1B	$0	$1.1B
Q3 25	$1.1B	$0	$1.1B
Q4 25	$1.1B	$0	$1.1B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	1.72B	-0.0%
Q2 23	1.91B	+11.6%
Q3 23	1.91B	+0.0%
Q4 23	1.92B	+0.0%
Q1 24	1.92B	+0.3%
Q2 24	1.92B	+0.0%
Q3 24	1.92B	+0.2%
Q4 24	1.93B	+0.3%
Q1 25	1.93B	-0.2%
Q2 25	1.93B	+0.1%
Q3 25	1.92B	-0.2%
Q4 25	1.92B	-0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	$702K	22K
FY 24	$703K	22K
FY 25	$687K	22K