NASDAQ : NWL
Newell Brands Inc. — Financial statements
Consumer Staples · Household & Personal Products · United States
Last price 5.18 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.21B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Newell Brands Inc. (NWL) reported revenue of 7.31B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 7.31B | 7.20B | 7.58B | 8.13B | 9.46B | 10.59B |
| Cost of Revenue | 4.75B | 4.77B | 5.00B | 5.78B | 6.60B | 7.20B |
| Gross Profit | 2.56B | 2.44B | 2.58B | 2.35B | 2.86B | 3.38B |
| Selling, General & Admin | 1.88B | 1.83B | 1.94B | 1.88B | 1.89B | 2.11B |
| Research & Development | 114.00M | 114.00M | 123.00M | 117.00M | 140.00M | 153.00M |
| Operating Expenses | 1.99B | 1.95B | 2.06B | 2.00B | 2.03B | 2.26B |
| Operating Income | 574.00M | 488.00M | 526.00M | 352.00M | 830.00M | 1.12B |
| Interest Expense | -341.00M | -321.00M | -295.00M | -283.00M | -235.00M | -256.00M |
| Currency Exchange Gain (Loss) | -14.00M | -10.00M | -8.00M | -10.00M | -47.00M | -8.00M |
| Other Non Operating Income (Expenses) | -31.00M | -21.00M | -21.00M | -39.00M | -13.00M | 10.00M |
| EBT Excluding Unusual Items | 188.00M | 136.00M | 202.00M | 20.00M | 535.00M | 867.00M |
| Merger & Restructuring Charges | -80.00M | -90.00M | -102.00M | -95.00M | -39.00M | -46.00M |
| Impairment of Goodwill | -241.00M | |||||
| Gain (Loss) on Sale of Investments | 12.00M | |||||
| Gain (Loss) on Sale of Assets | -2.00M | 136.00M | 4.00M | |||
| Asset Writedown | -447.00M | -346.00M | -345.00M | -101.00M | -474.00M | -60.00M |
| Other Unusual Items | 22.00M | -13.00M | -13.00M | -126.00M | -1.00M | -5.00M |
| Pretax Income | -317.00M | -301.00M | -260.00M | -543.00M | 157.00M | 760.00M |
| Income Tax Expense | 6.00M | -16.00M | -44.00M | -155.00M | -40.00M | 138.00M |
| Earnings From Continuing Operations | -323.00M | -285.00M | -216.00M | -388.00M | 197.00M | 622.00M |
| Net Income | -323.00M | -285.00M | -216.00M | -388.00M | 197.00M | 622.00M |
| Net Income to Common | -323.00M | -285.00M | -216.00M | -388.00M | 197.00M | 622.00M |
| Shares Outstanding (Basic) | 422.93M | 418.20M | 415.50M | 414.10M | 415.70M | 425.30M |
| Shares Outstanding (Diluted) | 422.93M | 418.20M | 415.50M | 414.10M | 417.40M | 428.00M |
| EPS (Basic) | -0.76 | -0.68 | -0.52 | -0.94 | 0.47 | 1.46 |
| EPS (Diluted) | -0.76 | -0.68 | -0.52 | -0.94 | 0.47 | 1.45 |
| Free Cash Flow | 53.00M | 17.00M | 237.00M | 646.00M | -584.00M | 595.00M |
| Free Cash Flow Per Share | 0.12 | 0.04 | 0.57 | 1.56 | -1.40 | 1.39 |
| Dividend Per Share | 0.28 | 0.28 | 0.28 | 0.44 | 0.92 | 0.92 |
| Gross Margin | 35.08% | 33.81% | 34.08% | 28.93% | 30.19% | 31.97% |
| Operating Margin | 7.85% | 6.77% | 6.94% | 4.33% | 8.77% | 10.59% |
| Profit Margin | -4.42% | -3.96% | -2.85% | -4.77% | 2.08% | 5.87% |
| Free Cash Flow Margin | 0.73% | 0.24% | 3.13% | 7.94% | -6.17% | 5.62% |
| EBITDA | 888.00M | 799.00M | 849.00M | 686.00M | 1.13B | 1.45B |
| EBITDA Margin | 12.14% | 11.09% | 11.20% | 8.43% | 11.90% | 13.66% |
| D&A For EBITDA | 314.00M | 311.00M | 323.00M | 334.00M | 296.00M | 325.00M |
| EBIT | 574.00M | 488.00M | 526.00M | 352.00M | 830.00M | 1.12B |
| EBIT Margin | 7.85% | 6.77% | 6.94% | 4.33% | 8.77% | 10.59% |
| Effective Tax Rate | 18.16% | |||||
| Advertising Expenses | 429.00M | 417.00M | 371.00M | 387.00M | 407.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 249.00M | 203.00M | 198.00M | 332.00M | 287.00M | 440.00M |
| Cash & Short-Term Investments | 249.00M | 203.00M | 198.00M | 332.00M | 287.00M | 440.00M |
| Receivables | 980.00M | 987.00M | 878.00M | 1.20B | 1.25B | 1.50B |
| Inventory | 1.60B | 1.28B | 1.40B | 1.53B | 2.20B | 2.09B |
| Prepaid Expenses | 503.00M | 205.00M | 218.00M | 237.00M | 234.00M | 251.00M |
| Restricted Cash | 26.00M | 17.00M | 21.00M | 29.00M | 16.00M | 37.00M |
| Other Current Assets | 15.00M | 60.00M | 30.00M | 62.00M | 37.00M | |
| Total Current Assets | 3.35B | 2.71B | 2.77B | 3.35B | 4.05B | 4.35B |
| Property, Plant & Equipment | 1.59B | 1.66B | 1.62B | 1.73B | 1.76B | 1.76B |
| Long-Term Investments | 3.00M | |||||
| Goodwill | 3.08B | 3.10B | 3.04B | 3.07B | 3.30B | 3.50B |
| Other Intangible Assets | 1.45B | 1.63B | 2.01B | 2.49B | 2.65B | 3.37B |
| Long-Term Deferred Tax Assets | 792.00M | 825.00M | 806.00M | 806.00M | 810.00M | 814.00M |
| Other Long-Term Assets | 654.00M | 785.00M | 754.00M | 717.00M | 691.00M | 464.00M |
| Total Assets | 10.93B | 10.71B | 11.00B | 12.16B | 13.26B | 14.27B |
| Accounts Payable | 1.12B | 931.00M | 891.00M | 1.00B | 1.06B | 1.68B |
| Accrued Expenses | 1.41B | 1.33B | 1.26B | 1.35B | 1.22B | 1.45B |
| Short-Term Debt | 130.00M | 40.00M | 131.00M | 619.00M | ||
| Current Portion of Long-Term Debt | 47.00M | 198.00M | 1.00M | |||
| Current Portion of Leases | 113.00M | 113.00M | 110.00M | 122.00M | 122.00M | 125.00M |
| Current Income Taxes Payable | 23.00M | 88.00M | 89.00M | 53.00M | 43.00M | |
| Other Current Liabilities | 16.00M | |||||
| Total Current Liabilities | 2.64B | 2.52B | 2.44B | 2.90B | 3.08B | 3.32B |
| Long-Term Debt | 4.94B | 4.74B | 4.57B | 4.70B | 4.85B | 4.92B |
| Long-Term Leases | 411.00M | 433.00M | 418.00M | 446.00M | 513.00M | 502.00M |
| Pension & Post-Retirement Benefits | 74.00M | 144.00M | 193.00M | 197.00M | 285.00M | |
| Long-Term Deferred Tax Liabilities | 7.00M | 50.00M | 178.00M | 241.00M | 520.00M | 428.00M |
| Other Long-Term Liabilities | 569.00M | 503.00M | 504.00M | 576.00M | 589.00M | 657.00M |
| Total Liabilities | 8.56B | 8.32B | 8.25B | 9.05B | 9.74B | 10.11B |
| Common Stock | 458.00M | 447.00M | 442.00M | 440.00M | 439.00M | 450.00M |
| Additional Paid-In Capital | 6.75B | 6.80B | 6.87B | 6.92B | 7.05B | 7.73B |
| Retained Earnings | -3.23B | -3.23B | -2.94B | -2.73B | -2.34B | -2.54B |
| Treasury Stock | -664.00M | -644.00M | -634.00M | -627.00M | -623.00M | -609.00M |
| Comprehensive Income & Other | -946.00M | -990.00M | -981.00M | -890.00M | -1.01B | -882.00M |
| Total Common Equity | 2.36B | 2.39B | 2.75B | 3.11B | 3.52B | 4.16B |
| Shareholders' Equity | 2.36B | 2.39B | 2.75B | 3.11B | 3.52B | 4.16B |
| Total Liabilities & Equity | 10.93B | 10.71B | 11.00B | 12.16B | 13.26B | 14.27B |
| Total Debt | 5.46B | 5.42B | 5.19B | 5.59B | 6.10B | 5.55B |
| Net Cash (Debt) | -5.21B | -5.21B | -4.99B | -5.26B | -5.81B | -5.11B |
| Net Cash Per Share | -12.33 | -12.46 | -12.01 | -12.71 | -13.93 | -11.94 |
| Filing Date Shares Outstanding | 426.00M | 419.20M | 416.20M | 414.30M | 413.60M | 425.50M |
| Total Common Shares Outstanding | 426.00M | 419.20M | 416.10M | 414.30M | 413.60M | 425.50M |
| Working Capital | 715.00M | 183.00M | 338.00M | 457.00M | 974.00M | 1.03B |
| Book Value Per Share | 5.55 | 5.70 | 6.61 | 7.51 | 8.51 | 9.77 |
| Tangible Book Value | -2.17B | -2.34B | -2.29B | -2.45B | -2.43B | -2.72B |
| Tangible Book Value Per Share | -5.10 | -5.59 | -5.52 | -5.91 | -5.87 | -6.38 |
| Land | 67.00M | 68.00M | 65.00M | 75.00M | 76.00M | 82.00M |
| Buildings | 558.00M | 543.00M | 522.00M | 678.00M | 648.00M | 678.00M |
| Machinery | 1.69B | 1.64B | 2.39B | 2.52B | 2.35B | 2.39B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -323.00M | -285.00M | -216.00M | -388.00M | 197.00M | 622.00M |
| Depreciation & Amortization | 314.00M | 311.00M | 323.00M | 334.00M | 296.00M | 325.00M |
| Loss (Gain) From Sale of Assets | -12.00M | -12.00M | 2.00M | -1.00M | -136.00M | -4.00M |
| Asset Writedown & Restructuring Costs | 447.00M | 346.00M | 353.00M | 342.00M | 474.00M | 60.00M |
| Stock-Based Compensation | 72.00M | 68.00M | 74.00M | 50.00M | 12.00M | 52.00M |
| Other Operating Activities | -66.00M | -63.00M | -119.00M | -190.00M | 74.00M | -29.00M |
| Change in Accounts Receivable | -38.00M | -53.00M | 241.00M | 67.00M | 130.00M | 130.00M |
| Change in Inventory | -146.00M | 172.00M | 70.00M | 673.00M | -276.00M | -463.00M |
| Change in Accounts Payable | 220.00M | 10.00M | -96.00M | -50.00M | -536.00M | 177.00M |
| Change in Other Net Operating Assets | -214.00M | -230.00M | -136.00M | 93.00M | -507.00M | 14.00M |
| Operating Cash Flow | 254.00M | 264.00M | 496.00M | 930.00M | -272.00M | 884.00M |
| Capital Expenditures | -201.00M | -247.00M | -259.00M | -284.00M | -312.00M | -289.00M |
| Divestitures | 22.00M | 22.00M | 14.00M | 11.00M | 617.00M | |
| Other Investing Activities | 111.00M | 61.00M | 94.00M | 74.00M | 38.00M | 21.00M |
| Investing Cash Flow | -161.00M | -164.00M | -151.00M | -199.00M | 343.00M | -268.00M |
| Short-Term Debt Issued | 90.00M | 431.00M | 619.00M | |||
| Long-Term Debt Issued | 1.24B | 1.24B | 989.00M | |||
| Total Debt Issued | 1.04B | 1.32B | 1.67B | 1.61B | ||
| Short-Term Debt Repaid | -522.00M | -488.00M | ||||
| Long-Term Debt Repaid | -1.28B | -1.45B | -2.00M | -1.09B | -704.00M | |
| Total Debt Repaid | -972.00M | -1.28B | -1.97B | -490.00M | -1.09B | -704.00M |
| Net Debt Issued (Repaid) | 70.00M | 43.00M | -305.00M | -490.00M | 517.00M | -704.00M |
| Issuance of Common Stock | 11.00M | |||||
| Repurchase of Common Stock | -325.00M | |||||
| Common Dividends Paid | -127.00M | -120.00M | -118.00M | -184.00M | -385.00M | -394.00M |
| Other Financing Activities | -27.00M | -24.00M | -28.00M | -1.00M | -39.00M | -45.00M |
| Financing Cash Flow | -84.00M | -101.00M | -451.00M | -664.00M | -232.00M | -1.14B |
| Foreign Exchange Rate Adjustments | -3.00M | 2.00M | -36.00M | -9.00M | -13.00M | -17.00M |
| Net Cash Flow | 6.00M | 1.00M | -142.00M | 58.00M | -174.00M | -544.00M |
| Free Cash Flow | 53.00M | 17.00M | 237.00M | 646.00M | -584.00M | 595.00M |
| Free Cash Flow Margin | 0.73% | 0.24% | 3.13% | 7.94% | -6.17% | 5.62% |
| Free Cash Flow Per Share | 0.12 | 0.04 | 0.57 | 1.56 | -1.40 | 1.39 |
| Levered Free Cash Flow | 225.62M | 350.38M | 521.38M | 996.12M | -341.12M | 529.62M |
| Unlevered Free Cash Flow | 438.75M | 551.00M | 705.75M | 1.17B | -194.25M | 689.62M |
| Cash Interest Paid | 354.00M | 354.00M | 319.00M | 298.00M | 244.00M | 271.00M |
| Cash Income Tax Paid | 137.00M | 137.00M | 173.00M | 103.00M | 172.00M | 165.00M |
| Change in Working Capital | -178.00M | -101.00M | 79.00M | 783.00M | -1.19B | -142.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.21B | 1.56B | 4.14B | 3.60B | 5.41B | 9.29B |
| Enterprise Value | 7.42B | 6.93B | 9.26B | 9.01B | 11.29B | 14.54B |
| Last Close Price | 5.18 | 3.55 | 8.99 | 7.56 | 10.95 | 17.38 |
| PE Ratio | 27.46 | 14.94 | ||||
| Forward PE | 7.81 | 6.47 | 13.85 | 11.95 | 10.25 | 12.37 |
| PS Ratio | 0.30 | 0.22 | 0.55 | 0.44 | 0.57 | 0.88 |
| PB Ratio | 0.93 | 0.65 | 1.51 | 1.16 | 1.54 | 2.23 |
| P/FCF Ratio | 41.62 | 91.73 | 17.48 | 5.57 | 15.62 | |
| P/OCF Ratio | 8.68 | 5.91 | 8.35 | 3.87 | 10.51 | |
| PEG Ratio | 0.83 | 0.66 | 0.77 | 0.94 | 8.84 | 2.60 |
| EV/Sales Ratio | 1.01 | 0.96 | 1.22 | 1.11 | 1.19 | 1.37 |
| EV/EBITDA Ratio | 8.35 | 8.67 | 10.91 | 13.13 | 10.03 | 10.06 |
| EV/EBIT Ratio | 12.92 | 14.20 | 17.61 | 25.58 | 13.60 | 12.97 |
| EV/FCF Ratio | 139.98 | 407.55 | 39.08 | 13.94 | 24.44 | |
| Debt / Equity Ratio | 2.31 | 2.27 | 1.89 | 1.80 | 1.73 | 1.33 |
| Debt / EBITDA Ratio | 5.17 | 5.56 | 5.03 | 6.34 | 4.63 | 3.39 |
| Debt / FCF Ratio | 103.06 | 318.53 | 21.89 | 8.66 | 9.33 | |
| Net Debt / Equity Ratio | 2.21 | 2.18 | 1.81 | 1.69 | 1.65 | 1.23 |
| Net Debt / EBITDA Ratio | 5.87 | 6.52 | 5.88 | 7.67 | 5.16 | 3.53 |
| Net Debt / FCF Ratio | 98.36 | 306.59 | 21.05 | 8.15 | -9.96 | 8.59 |
| Asset Turnover | 0.66 | 0.66 | 0.66 | 0.64 | 0.69 | 0.73 |
| Inventory Turnover | 3.11 | 3.56 | 3.41 | 3.10 | 3.08 | 3.87 |
| Quick Ratio | 0.47 | 0.47 | 0.44 | 0.53 | 0.50 | 0.58 |
| Current Ratio | 1.27 | 1.07 | 1.14 | 1.16 | 1.32 | 1.31 |
| Return on Equity (ROE) | -12.76% | -11.09% | -7.37% | -11.70% | 5.13% | 15.44% |
| Return on Assets (ROA) | 3.23% | 2.81% | 2.84% | 1.73% | 3.77% | 4.84% |
| Return on Invested Capital (ROIC) | 7.39% | 6.36% | 6.53% | 3.98% | 8.92% | 9.92% |
| Return on Capital Employed (ROCE) | 6.90% | 6.00% | 6.10% | 3.80% | 8.20% | 10.20% |
| Earnings Yield | -14.74% | -18.28% | -5.21% | -10.79% | 3.64% | 6.69% |
| FCF Yield | 2.40% | 1.09% | 5.72% | 17.97% | -10.79% | 6.40% |
| Dividend Yield | 5.41% | 7.53% | 2.81% | 5.07% | 7.03% | 4.21% |
| Payout Ratio | 195.43% | 63.34% | ||||
| Buyback Yield / Dilution | -1.31% | -0.65% | -0.34% | 0.79% | 2.48% | -0.92% |
| Total Shareholder Return | 4.09% | 6.88% | 2.47% | 5.86% | 9.51% | 3.29% |