NEWELL BRANDS INC. NWL
"Newell Brands" or the "Company" refers to Newell Brands Inc. alone or with its wholly owned subsidiaries, as the context requires. When this report uses the words "we," "us" or "our," it refers to the Company and its subsidiaries unless the context otherwise requires. The Company was founded in Ogdensburg, New York in 1903 and is incorporated in Delaware.
The Company makes available free of charge on or through its website its annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") as soon as practicable after the Company files them with, or furnishes them to, the United States Securities and Exchange Commission ("SEC"). The Company's website can be found at www.newellbrands.com. The information on the Company's website is not incorporated by reference into this Annual report on Form 10-K.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.20B | $7.58B | $8.13B | $9.46B | $10.59B | $9.38B | $9.71B | $10.15B | $11.17B | $9.18B |
| Cost of revenue | $4.77B | $5.03B | $5.78B | $6.62B | $7.23B | $6.30B | $6.50B | $6.64B | $7.36B | $6.21B |
| Gross profit | $2.43B | $2.55B | $2.35B | $2.83B | $3.36B | $3.08B | $3.22B | $3.52B | $3.81B | $2.97B |
| R&D | $114.0M | $123.0M | $117.0M | $140.0M | $153.0M | $144.0M | $149.0M | $151.0M | $175.0M | $147.0M |
| SG&A | $1.99B | $2.08B | $2.00B | $2.03B | $2.27B | $2.19B | $2.45B | $2.65B | $2.92B | $2.61B |
| Operating income | $39.0M | $67.0M | -$85.0M | $312.0M | $1.01B | -$629.0M | -$482.0M | -$7.55B | $706.8M | $298.1M |
| Interest expense | — | — | $283.0M | $235.0M | $256.0M | $274.0M | $303.0M | $446.0M | — | — |
| Pre-tax income | -$301.0M | -$260.0M | -$543.0M | $157.0M | $760.0M | -$1.00B | -$852.0M | -$7.99B | $919.3M | $18.8M |
| Income tax | $16.0M | $44.0M | $155.0M | $40.0M | $138.0M | $235.0M | $1.04B | $1.36B | $1.51B | $57.1M |
| Net income | -$285.0M | -$216.0M | -$388.0M | $197.0M | $622.0M | -$766.0M | $107.0M | -$6.94B | $2.75B | $527.8M |
| EPS, basic | -0.68 | -0.52 | -0.94 | 0.47 | 1.46 | -1.81 | 0.25 | -14.65 | 5.65 | 1.25 |
| EPS, diluted | -0.68 | -0.52 | -0.94 | 0.47 | 1.45 | -1.81 | 0.25 | -14.65 | 5.63 | 1.25 |
| Shares, diluted (wtd. avg.) | $418.2M | $415.5M | $414.1M | $417.4M | $428.0M | $424.1M | $423.9M | $473.7M | $488.0M | $421.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $203.0M | $198.0M | $361.0M | $303.0M | $477.0M | $1.02B | $371.0M | $496.0M | $486.0M | $587.5M |
| Receivables | $987.0M | $878.0M | $1.20B | $1.25B | $1.50B | $1.68B | $1.84B | $2.16B | $1.88B | $2.75B |
| Inventory | $1.28B | $1.40B | $1.53B | $2.20B | $2.09B | $1.64B | $1.61B | $1.76B | $1.66B | $2.12B |
| Total current assets | $2.71B | $2.77B | $3.35B | $4.05B | $4.35B | $4.63B | $4.11B | $5.96B | $10.73B | $7.48B |
| Property, plant and equipment | — | — | — | — | — | $1.18B | $1.16B | $1.23B | $972.4M | $1.54B |
| Goodwill | $3.10B | $3.04B | $3.07B | $3.30B | $3.50B | $3.55B | $3.71B | $3.87B | $7.80B | $6.52B |
| Other intangibles | $1.63B | $2.01B | $2.49B | $2.65B | $3.37B | $3.56B | $4.92B | $6.15B | $10.20B | $14.11B |
| Total assets | $10.71B | $11.00B | $12.16B | $13.26B | $14.27B | $14.70B | $15.64B | $17.72B | $33.14B | $33.84B |
| Accounts payable | $931.0M | $891.0M | $1.00B | $1.06B | $1.68B | $1.53B | $1.10B | $1.19B | $1.23B | $1.52B |
| Short-term debt | $130.0M | $87.0M | $329.0M | $621.0M | $3.0M | $466.0M | $332.0M | $318.7M | $661.8M | $601.9M |
| Total current liabilities | $2.52B | $2.44B | $2.90B | $3.08B | $3.32B | $3.62B | $2.98B | $3.30B | $4.91B | $4.29B |
| Long-term debt | $4.54B | $4.51B | $4.58B | $4.76B | $4.88B | $5.14B | $5.39B | $6.70B | $9.89B | $11.29B |
| Total liabilities | $8.32B | $8.25B | $9.05B | $9.74B | $10.11B | $10.80B | $10.65B | $12.47B | $18.95B | $22.45B |
| Retained earnings | -$3.23B | -$2.94B | -$2.73B | -$2.34B | -$2.54B | -$3.17B | -$2.40B | -$2.51B | $4.61B | $2.29B |
| Total equity | $2.39B | $2.75B | $3.11B | $3.52B | $4.16B | $3.92B | $5.01B | $5.25B | $14.18B | $11.38B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $264.0M | $496.0M | $930.0M | -$272.0M | $884.0M | $1.43B | $1.04B | $680.0M | $966.2M | $1.84B |
| Depreciation and amortisation | $311.0M | $323.0M | $334.0M | $296.0M | $325.0M | $357.0M | $446.0M | $434.0M | $635.6M | $437.2M |
| Stock-based compensation | $68.0M | $74.0M | $50.0M | $12.0M | $52.0M | $41.0M | $42.0M | $76.0M | $70.9M | $63.9M |
| Capital expenditure | $247.0M | $259.0M | $284.0M | $312.0M | $289.0M | $259.0M | $265.0M | $384.0M | $406.2M | $441.4M |
| Investing cash flow | -$164.0M | -$151.0M | -$199.0M | $343.0M | -$268.0M | -$228.0M | $736.0M | $4.81B | $1.08B | -$8.82B |
| Financing cash flow | -$101.0M | -$451.0M | -$664.0M | -$232.0M | -$1.14B | -$559.0M | -$1.90B | -$5.45B | -$2.20B | $7.33B |
| Dividends paid | $120.0M | $118.0M | $184.0M | $385.0M | $394.0M | $392.0M | $391.0M | $435.0M | $428.6M | $328.6M |
| Buybacks | — | $0 | $0 | $325.0M | $0 | $0 | $0 | $1.51B | $152.4M | $0 |
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 0000814453-26-000008.
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