NYSE : PG
The Procter & Gamble Company — Financial statements
Consumer Staples · Household & Personal Products · United States
Last price 161.57 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 374.48B
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Financial statements
The Procter & Gamble Company (PG) reported revenue of 87.92B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 87.92B | 87.03B | 84.28B | 84.04B | 82.01B | 80.19B |
| Cost of Revenue | 43.44B | 42.76B | 41.01B | 40.85B | 42.76B | 42.16B |
| Gross Profit | 44.49B | 44.28B | 43.27B | 43.19B | 39.25B | 38.03B |
| Selling, General & Admin | 22.60B | 22.68B | 21.66B | 22.65B | 20.51B | 19.59B |
| Operating Expenses | 22.60B | 22.68B | 21.66B | 22.65B | 20.51B | 19.59B |
| Operating Income | 21.88B | 21.59B | 21.61B | 20.55B | 18.74B | 18.45B |
| Interest Expense | -903.00M | -877.00M | -907.00M | -925.00M | -756.00M | -439.00M |
| Interest & Investment Income | 424.00M | 430.00M | 469.00M | 473.00M | 307.00M | 51.00M |
| Other Non Operating Income (Expenses) | 414.00M | 487.00M | 116.00M | 16.00M | 74.00M | -57.00M |
| EBT Excluding Unusual Items | 21.82B | 21.63B | 21.29B | 20.11B | 18.36B | 18.00B |
| Merger & Restructuring Charges | -1.43B | -1.23B | -1.11B | |||
| Asset Writedown | -1.34B | |||||
| Other Unusual Items | -24.00M | -24.00M | -5.00M | -7.00M | -9.00M | -5.00M |
| Pretax Income | 20.37B | 20.38B | 20.17B | 18.76B | 18.35B | 18.00B |
| Income Tax Expense | 4.25B | 4.23B | 4.10B | 3.79B | 3.62B | 3.20B |
| Earnings From Continuing Operations | 16.12B | 16.14B | 16.07B | 14.97B | 14.74B | 14.79B |
| Net Income to Company | 16.12B | 16.14B | 16.07B | 14.97B | 14.74B | 14.79B |
| Minority Interest in Earnings | -93.00M | -98.00M | -91.00M | -95.00M | -85.00M | -51.00M |
| Net Income | 16.03B | 16.05B | 15.97B | 14.88B | 14.65B | 14.74B |
| Preferred Dividends & Other Adjustments | 291.00M | 292.00M | 291.00M | 284.00M | 282.00M | 281.00M |
| Net Income to Common | 15.74B | 15.75B | 15.68B | 14.60B | 14.37B | 14.46B |
| Shares Outstanding (Basic) | 2.33B | 2.33B | 2.35B | 2.36B | 2.37B | 2.41B |
| Shares Outstanding (Diluted) | 2.42B | 2.42B | 2.45B | 2.47B | 2.48B | 2.54B |
| EPS (Basic) | 6.76 | 6.75 | 6.67 | 6.18 | 6.07 | 6.00 |
| EPS (Diluted) | 6.64 | 6.62 | 6.51 | 6.02 | 5.90 | 5.81 |
| Free Cash Flow | 15.34B | 15.15B | 14.04B | 16.52B | 13.79B | 13.57B |
| Free Cash Flow Per Share | 6.35 | 6.25 | 5.72 | 6.68 | 5.55 | 5.34 |
| Dividend Per Share | 4.29 | 4.26 | 4.08 | 3.83 | 3.68 | 3.52 |
| Gross Margin | 50.60% | 50.87% | 51.34% | 51.39% | 47.86% | 47.43% |
| Operating Margin | 24.89% | 24.81% | 25.64% | 24.45% | 22.85% | 23.00% |
| Profit Margin | 17.90% | 18.10% | 18.61% | 17.37% | 17.52% | 18.03% |
| Free Cash Flow Margin | 17.45% | 17.40% | 16.66% | 19.66% | 16.81% | 16.92% |
| EBITDA | 25.09B | 24.75B | 24.45B | 23.44B | 21.45B | 21.25B |
| EBITDA Margin | 28.54% | 28.44% | 29.02% | 27.89% | 26.16% | 26.50% |
| D&A For EBITDA | 3.21B | 3.16B | 2.85B | 2.90B | 2.71B | 2.81B |
| EBIT | 21.88B | 21.59B | 21.61B | 20.55B | 18.74B | 18.45B |
| EBIT Margin | 24.89% | 24.81% | 25.64% | 24.45% | 22.85% | 23.00% |
| Effective Tax Rate | 20.85% | 20.77% | 20.34% | 20.18% | 19.70% | 17.79% |
| Advertising Expenses | 10.20B | 9.20B | 9.60B | 8.00B | 7.90B |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 15.37B | 9.94B | 9.56B | 9.48B | 8.25B | 7.21B |
| Cash & Short-Term Investments | 15.37B | 9.94B | 9.56B | 9.48B | 8.25B | 7.21B |
| Receivables | 6.62B | 6.06B | 6.18B | 6.12B | 5.47B | 5.14B |
| Inventory | 8.48B | 8.17B | 7.55B | 7.02B | 7.07B | 6.92B |
| Prepaid Expenses | 2.04B | 2.04B | 2.10B | 2.10B | 1.86B | 2.37B |
| Other Current Assets | 1.00M | -2.00M | ||||
| Total Current Assets | 32.51B | 26.21B | 25.39B | 24.71B | 22.65B | 21.65B |
| Property, Plant & Equipment | 25.52B | 26.21B | 24.82B | 23.03B | 22.69B | 21.95B |
| Goodwill | 41.20B | 41.28B | 41.65B | 40.30B | 40.66B | 39.70B |
| Other Intangible Assets | 21.36B | 21.44B | 21.91B | 22.05B | 23.78B | 23.68B |
| Other Long-Term Assets | 12.55B | 11.39B | 11.46B | 12.28B | 11.05B | 10.22B |
| Total Assets | 133.13B | 126.52B | 125.23B | 122.37B | 120.83B | 117.21B |
| Accounts Payable | 17.06B | 16.31B | 15.23B | 15.36B | 14.60B | 14.88B |
| Accrued Expenses | 10.91B | 6.49B | 6.15B | 6.62B | 6.16B | 5.67B |
| Short-Term Debt | 10.43B | 4.84B | 4.76B | 3.38B | 6.91B | 5.00B |
| Current Portion of Long-Term Debt | 6.60B | 6.46B | 5.38B | 3.84B | 3.95B | 3.65B |
| Current Portion of Leases | 246.00M | 255.00M | 243.00M | 222.00M | 205.00M | |
| Current Income Taxes Payable | 778.00M | 1.18B | 1.04B | 828.00M | 587.00M | |
| Other Current Liabilities | 1.00M | 3.58B | 3.11B | 3.14B | 3.09B | 3.09B |
| Total Current Liabilities | 45.00B | 38.69B | 36.06B | 33.63B | 35.76B | 33.08B |
| Long-Term Debt | 21.90B | 22.84B | 25.43B | 25.59B | 24.82B | 22.85B |
| Long-Term Leases | 641.00M | 701.00M | 666.00M | 595.00M | 595.00M | |
| Pension & Post-Retirement Benefits | 2.94B | 3.72B | 3.54B | 3.81B | 3.81B | |
| Long-Term Deferred Tax Liabilities | 5.95B | 5.76B | 5.77B | 6.52B | 6.48B | 6.81B |
| Other Long-Term Liabilities | 4.95B | 1.33B | 1.27B | 1.87B | 2.31B | 3.21B |
| Total Liabilities | 77.80B | 72.21B | 72.95B | 71.81B | 73.76B | 70.35B |
| Common Stock | 4.01B | 4.01B | 4.01B | 4.01B | 4.01B | 4.01B |
| Additional Paid-In Capital | 69.70B | 69.53B | 68.77B | 67.68B | 66.56B | 65.80B |
| Retained Earnings | 138.02B | 135.85B | 129.97B | 123.81B | 118.17B | 112.43B |
| Treasury Stock | -144.17B | -143.01B | -138.70B | -133.38B | -129.74B | -123.38B |
| Comprehensive Income & Other | -13.21B | -13.06B | -12.81B | -12.64B | -13.04B | -13.11B |
| Total Common Equity | 54.35B | 53.33B | 51.23B | 49.49B | 45.96B | 45.75B |
| Minority Interest | 239.00M | 230.00M | 272.00M | 272.00M | 288.00M | 265.00M |
| Shareholders' Equity | 55.34B | 54.31B | 52.28B | 50.56B | 47.06B | 46.85B |
| Total Liabilities & Equity | 133.13B | 126.52B | 125.23B | 122.37B | 120.83B | 117.21B |
| Total Debt | 38.92B | 35.02B | 36.53B | 33.73B | 36.50B | 32.29B |
| Net Cash (Debt) | -23.56B | -25.08B | -26.97B | -24.24B | -28.25B | -25.08B |
| Net Cash Per Share | -9.76 | -10.35 | -10.99 | -9.81 | -11.37 | -9.88 |
| Filing Date Shares Outstanding | 2.32B | 2.32B | 2.34B | 2.35B | 2.36B | 2.39B |
| Total Common Shares Outstanding | 2.32B | 2.32B | 2.34B | 2.36B | 2.36B | 2.39B |
| Working Capital | -12.49B | -12.49B | -10.67B | -8.92B | -13.11B | -11.43B |
| Book Value Per Share | 23.45 | 22.95 | 21.88 | 21.00 | 19.46 | 19.11 |
| Tangible Book Value | -8.21B | -9.39B | -12.32B | -12.86B | -18.48B | -17.63B |
| Tangible Book Value Per Share | -3.54 | -4.04 | -5.26 | -5.46 | -7.83 | -7.37 |
| Land | 963.00M | 979.00M | 895.00M | 867.00M | 756.00M | |
| Buildings | 9.76B | 9.19B | 8.53B | 8.28B | 8.09B | |
| Machinery | 42.00B | 40.08B | 37.51B | 36.52B | 35.10B | |
| Construction In Progress | 4.45B | 3.94B | 3.13B | 2.98B | 2.76B |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 16.03B | 16.05B | 15.97B | 14.88B | 14.65B | 14.74B |
| Depreciation & Amortization | 3.21B | 3.16B | 2.85B | 2.90B | 2.71B | 2.81B |
| Loss (Gain) From Sale of Assets | -368.00M | -351.00M | 755.00M | -215.00M | -40.00M | -85.00M |
| Asset Writedown & Restructuring Costs | 1.34B | |||||
| Stock-Based Compensation | 501.00M | 524.00M | 476.00M | 562.00M | 545.00M | 528.00M |
| Other Operating Activities | 13.00M | -185.00M | -1.41B | 341.00M | -151.00M | -122.00M |
| Change in Accounts Receivable | -200.00M | 84.00M | 45.00M | -766.00M | -307.00M | -694.00M |
| Change in Inventory | -687.00M | -641.00M | -324.00M | -70.00M | -119.00M | -1.25B |
| Change in Accounts Payable | 1.42B | 919.00M | -542.00M | 878.00M | -447.00M | 1.43B |
| Change in Other Net Operating Assets | -635.00M | |||||
| Operating Cash Flow | 19.91B | 19.56B | 17.82B | 19.85B | 16.85B | 16.72B |
| Capital Expenditures | -4.58B | -4.41B | -3.77B | -3.32B | -3.06B | -3.16B |
| Sale of Property, Plant & Equipment | 527.00M | 508.00M | 107.00M | 346.00M | 46.00M | 110.00M |
| Cash Acquisitions | -80.00M | -85.00M | -11.00M | -21.00M | -765.00M | -1.38B |
| Other Investing Activities | -421.00M | -638.00M | -141.00M | -507.00M | 281.00M | 3.00M |
| Investing Cash Flow | -4.55B | -4.62B | -3.82B | -3.50B | -3.50B | -4.42B |
| Short-Term Debt Issued | 10.62B | 8.02B | 4.38B | 17.17B | 11.33B | |
| Long-Term Debt Issued | 2.65B | 2.24B | 3.20B | 4.00B | 4.38B | |
| Total Debt Issued | 15.79B | 13.27B | 10.26B | 7.58B | 21.16B | 15.71B |
| Short-Term Debt Repaid | -9.98B | -7.65B | -7.69B | -16.35B | -11.48B | |
| Long-Term Debt Repaid | -3.39B | -1.98B | -2.33B | -1.88B | -2.34B | |
| Total Debt Repaid | -12.47B | -13.37B | -9.63B | -10.02B | -18.23B | -13.82B |
| Net Debt Issued (Repaid) | 3.32B | -107.00M | 630.00M | -2.44B | 2.94B | 1.89B |
| Issuance of Common Stock | 916.00M | 907.00M | 1.71B | 1.91B | 1.27B | 2.00B |
| Repurchase of Common Stock | -5.03B | -5.03B | -6.50B | -5.01B | -7.35B | -10.00B |
| Dividends Paid | -10.29B | -10.23B | -9.87B | -9.31B | -9.00B | -8.77B |
| Other Financing Activities | 2.00M | -1.00M | ||||
| Financing Cash Flow | -11.08B | -14.46B | -14.04B | -14.86B | -12.15B | -14.88B |
| Foreign Exchange Rate Adjustments | -95.00M | -86.00M | 112.00M | -251.00M | -170.00M | -497.00M |
| Miscellaneous Cash Flow Adjustments | -1.00M | |||||
| Net Cash Flow | 4.19B | 386.00M | 74.00M | 1.24B | 1.03B | -3.07B |
| Free Cash Flow | 15.34B | 15.15B | 14.04B | 16.52B | 13.79B | 13.57B |
| Free Cash Flow Margin | 17.45% | 17.40% | 16.66% | 19.66% | 16.81% | 16.92% |
| Free Cash Flow Per Share | 6.35 | 6.25 | 5.72 | 6.68 | 5.55 | 5.34 |
| Levered Free Cash Flow | 12.66B | 13.28B | 11.38B | 13.06B | 11.92B | 10.00B |
| Unlevered Free Cash Flow | 13.22B | 13.83B | 11.95B | 13.64B | 12.39B | 10.28B |
| Cash Interest Paid | 866.00M | 866.00M | 896.00M | 878.00M | 721.00M | 451.00M |
| Cash Income Tax Paid | 4.68B | 4.68B | 4.55B | 4.36B | 4.28B | 3.82B |
| Change in Working Capital | 533.00M | 362.00M | -821.00M | 42.00M | -873.00M | -1.15B |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 374.48B | 341.47B | 373.53B | 389.23B | 357.65B | 344.99B |
| Enterprise Value | 398.04B | 367.17B | 399.61B | 415.46B | 387.74B | 371.25B |
| Last Close Price | 161.57 | 144.60 | 152.71 | 154.31 | 138.43 | 127.80 |
| PE Ratio | 24.35 | 21.68 | 23.82 | 26.67 | 24.89 | 23.86 |
| Forward PE | 22.83 | 21.25 | 23.02 | 24.11 | 24.49 | 23.94 |
| PS Ratio | 4.26 | 3.92 | 4.43 | 4.63 | 4.36 | 4.30 |
| PB Ratio | 6.89 | 6.29 | 7.14 | 7.70 | 7.60 | 7.36 |
| P/FCF Ratio | 24.41 | 22.54 | 26.60 | 23.56 | 25.94 | 25.43 |
| P/OCF Ratio | 18.80 | 17.46 | 20.96 | 19.61 | 21.23 | 20.63 |
| PEG Ratio | 4.91 | 4.24 | 5.75 | 3.07 | 4.61 | 4.53 |
| EV/Sales Ratio | 4.53 | 4.22 | 4.74 | 4.94 | 4.73 | 4.63 |
| EV/EBITDA Ratio | 15.87 | 14.83 | 16.34 | 17.72 | 18.08 | 17.47 |
| EV/EBIT Ratio | 18.19 | 17.00 | 18.49 | 20.22 | 20.69 | 20.13 |
| EV/FCF Ratio | 25.95 | 24.24 | 28.45 | 25.14 | 28.13 | 27.36 |
| Debt / Equity Ratio | 0.70 | 0.65 | 0.70 | 0.67 | 0.78 | 0.69 |
| Debt / EBITDA Ratio | 1.53 | 1.39 | 1.47 | 1.42 | 1.68 | 1.50 |
| Debt / FCF Ratio | 2.54 | 2.31 | 2.60 | 2.04 | 2.65 | 2.38 |
| Net Debt / Equity Ratio | 0.43 | 0.46 | 0.52 | 0.48 | 0.60 | 0.54 |
| Net Debt / EBITDA Ratio | 0.94 | 1.01 | 1.10 | 1.03 | 1.32 | 1.18 |
| Net Debt / FCF Ratio | 1.54 | 1.66 | 1.92 | 1.47 | 2.05 | 1.85 |
| Asset Turnover | 0.67 | 0.69 | 0.68 | 0.69 | 0.69 | 0.68 |
| Inventory Turnover | 5.32 | 5.44 | 5.63 | 5.80 | 6.11 | 6.53 |
| Quick Ratio | 0.49 | 0.41 | 0.44 | 0.46 | 0.38 | 0.37 |
| Current Ratio | 0.72 | 0.68 | 0.70 | 0.73 | 0.63 | 0.66 |
| Return on Equity (ROE) | 29.61% | 30.29% | 31.24% | 30.68% | 31.38% | 31.64% |
| Return on Assets (ROA) | 10.49% | 10.72% | 10.91% | 10.56% | 9.84% | 9.75% |
| Return on Invested Capital (ROIC) | 21.88% | 21.57% | 22.35% | 21.85% | 20.44% | 21.49% |
| Return on Capital Employed (ROCE) | 24.80% | 24.60% | 24.20% | 23.20% | 22.00% | 21.90% |
| Earnings Yield | 4.11% | 4.70% | 4.28% | 3.82% | 4.10% | 4.27% |
| FCF Yield | 4.10% | 4.44% | 3.76% | 4.25% | 3.85% | 3.93% |
| Dividend Yield | 2.70% | 2.90% | 2.56% | 2.32% | 2.43% | 2.44% |
| Payout Ratio | 65.61% | 63.77% | 61.80% | 62.59% | 61.41% | 59.49% |
| Buyback Yield / Dilution | 1.31% | 1.30% | 0.71% | 0.48% | 2.17% | 2.38% |
| Total Shareholder Return | 4.00% | 4.20% | 3.26% | 2.80% | 4.61% | 4.82% |