ESTEE LAUDER COMPANIES INC EL
The Estée Lauder Companies Inc., founded in 1946 by Estée and Joseph Lauder, is one of the world's leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products. We are a steward of over 20 luxury and prestige brands globally. Since the initial launch of the Estée Lauder brand in the United States, we have significantly expanded our consumer reach to approximately 150 countries and territories. We operate as a wholesaler, with our products sold in brick-and-mortar locations and on various e-commerce platforms, including those operated by department stores, duty-free retailers, specialty-multi retailers, online pure players, upscale perfumeries and pharmacies, and top-tier salons and spas. Additionally, we operate a direct-to-consumer business across freestanding stores, our brands' websites and third-party online platforms.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.05B | $14.33B | $15.61B | $15.91B | $17.74B | $16.21B | $14.29B | $14.86B | $13.68B | $11.82B |
| Cost of revenue | $3.69B | $3.73B | $4.42B | $4.56B | $4.30B | $3.83B | $3.55B | $3.39B | $2.84B | $2.43B |
| Gross profit | $11.36B | $10.60B | $11.18B | $11.35B | $13.43B | $12.38B | $10.74B | $11.48B | $10.84B | $9.39B |
| SG&A | $9.69B | $9.46B | $9.62B | $9.57B | $9.89B | $9.37B | $8.64B | $8.86B | $8.55B | $7.46B |
| Total operating expenses | $10.58B | $11.38B | $10.21B | $9.84B | $10.26B | $9.76B | $10.14B | $9.16B | $8.78B | $7.69B |
| Operating income | $780.0M | -$785.0M | $970.0M | $1.51B | $3.17B | $2.62B | $606.0M | $2.31B | $2.06B | $1.70B |
| Interest expense | $334.0M | $357.0M | $378.0M | $255.0M | $167.0M | $173.0M | $161.0M | $133.0M | $128.0M | $103.0M |
| Pre-tax income | $517.0M | -$1.04B | $772.0M | $1.40B | $3.04B | $3.33B | $1.05B | $2.31B | $1.98B | $1.62B |
| Income tax | $335.0M | $93.0M | $363.0M | $387.0M | $628.0M | $456.0M | $350.0M | $513.0M | $863.0M | $361.0M |
| Net income | $182.0M | -$1.13B | $409.0M | $1.01B | $2.41B | $2.88B | $696.0M | $1.79B | $1.11B | $1.26B |
| EPS, basic | 0.50 | -3.15 | 1.09 | 2.81 | 6.64 | 7.91 | 1.90 | 4.91 | 3.01 | 3.40 |
| EPS, diluted | 0.50 | -3.15 | 1.08 | 2.79 | 6.55 | 7.79 | 1.86 | 4.82 | 2.95 | 3.35 |
| Shares, diluted (wtd. avg.) | $364.8M | $360.1M | $360.8M | $360.9M | $364.9M | $368.2M | $366.9M | $370.4M | $375.7M | $373.0M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.50B | $2.92B | $3.40B | $4.03B | $3.96B | $4.96B | $5.02B | $2.99B | $2.18B | $1.14B |
| Short-term investments | — | — | — | — | — | — | — | — | $534.0M | $605.0M |
| Receivables | $1.52B | $1.53B | $1.73B | $1.45B | $1.63B | $1.70B | $1.19B | $1.83B | $1.49B | $1.40B |
| Inventory | $2.00B | $2.07B | $2.17B | $2.98B | $2.92B | $2.50B | $2.06B | $2.01B | $1.62B | $1.48B |
| Total current assets | $7.61B | $7.07B | $7.92B | $9.14B | $9.30B | $9.77B | $8.89B | $7.21B | $6.17B | $4.96B |
| Property, plant and equipment | $2.81B | $3.17B | $3.14B | $3.18B | $2.65B | $2.28B | $2.06B | $2.07B | $1.82B | $1.67B |
| Goodwill | $2.11B | $2.13B | $2.14B | $2.49B | $2.52B | $2.62B | $1.40B | $1.87B | $1.93B | $1.92B |
| Other intangibles | $3.58B | $3.76B | $5.18B | $5.60B | $3.43B | $4.09B | $2.34B | $1.20B | $1.28B | $1.33B |
| Total assets | $19.76B | $19.89B | $21.68B | $23.41B | $20.91B | $21.97B | $17.78B | $13.16B | $12.57B | $11.57B |
| Short-term debt | $503.0M | $3.0M | $504.0M | $997.0M | $268.0M | $32.0M | $1.22B | $516.0M | $183.0M | $189.0M |
| Total current liabilities | $6.23B | $5.43B | $5.70B | $6.24B | $5.82B | $5.30B | $5.18B | $4.61B | $3.31B | $2.82B |
| Total liabilities | — | — | — | — | — | — | — | $8.74B | — | — |
| Retained earnings | $11.34B | $11.67B | $13.43B | $13.99B | $13.91B | $12.24B | $10.13B | $9.98B | $9.04B | $8.45B |
| Total equity | $3.81B | $3.87B | $5.31B | $5.58B | $5.59B | $6.09B | $3.96B | $4.39B | $4.71B | $4.40B |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.77B | $1.27B | $2.36B | $1.73B | $3.04B | $3.63B | $2.28B | $2.52B | $2.56B | $1.79B |
| Depreciation and amortisation | $796.0M | $829.0M | $825.0M | $744.0M | $727.0M | $651.0M | $611.0M | $557.0M | $531.0M | $464.0M |
| Stock-based compensation | $310.0M | $304.0M | $325.0M | $267.0M | $331.0M | $327.0M | $213.0M | $243.0M | $236.0M | $219.0M |
| Capital expenditure | $457.0M | $602.0M | $919.0M | $1.00B | $1.04B | $637.0M | $623.0M | $744.0M | $629.0M | $504.0M |
| Investing cash flow | -$489.0M | -$623.0M | -$960.0M | -$3.22B | -$945.0M | -$1.86B | -$1.70B | $473.0M | -$358.0M | -$2.20B |
| Financing cash flow | -$712.0M | -$1.14B | -$2.04B | $1.59B | -$3.04B | -$1.89B | $1.46B | -$2.17B | -$1.17B | $630.0M |
| Dividends paid | $508.0M | $618.0M | $947.0M | $925.0M | $840.0M | $753.0M | $503.0M | $609.0M | $546.0M | $486.0M |
| Buybacks | $70.0M | $35.0M | $35.0M | $271.0M | $2.31B | $733.0M | $893.0M | $1.55B | $759.0M | $413.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001001250-26-000041.
Others in SIC 2844
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CL | COLGATE PALMOLIVE CO | $70.77B | 33.8x | 1.4% |
| KVUE | Kenvue Inc. | $36.00B | 24.7x | -2.1% |
| ELF | e.l.f. Beauty, Inc. | $6.47B | 249.2x | 24.6% |
| IPAR | INTERPARFUMS INC | $3.74B | 22.3x | 2.5% |
| COTY | COTY INC. | $2.58B | — | -1.5% |
| EPC | EDGEWELL PERSONAL CARE Co | $1.33B | 54.5x | -1.3% |
| WALD | Waldencast plc | $156.3M | — | -0.7% |
| SLSN | SOLESENCE, INC. | $60.0M | 42.5x | 18.6% |