NYSE : UL
Unilever PLC — Financial statements
Consumer Staples · Household & Personal Products · United Kingdom
Last price 64.18 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 137.40B
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Financial statements
Unilever PLC (UL) reported revenue of 50.62B EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 50.62B | 50.50B | 52.48B | 51.68B | 60.07B | 52.44B |
| Cost of Revenue | 26.79B | 26.79B | 27.98B | 29.18B | 35.91B | 30.26B |
| Gross Profit | 23.83B | 23.71B | 24.50B | 22.50B | 24.17B | 22.18B |
| Selling, General & Admin | 13.49B | 13.50B | 14.22B | 13.30B | 14.44B | 12.56B |
| Other Operating Expenses | 198.00M | 81.00M | 3.00M | -75.00M | 215.00M | -11.00M |
| Operating Expenses | 13.69B | 13.58B | 14.22B | 13.22B | 14.65B | 12.55B |
| Operating Income | 10.14B | 10.13B | 10.28B | 9.28B | 9.51B | 9.64B |
| Interest Expense | -1.15B | -1.10B | -999.00M | -955.00M | -789.00M | -498.00M |
| Interest & Investment Income | 438.00M | 398.00M | 404.00M | 393.00M | 305.00M | 238.00M |
| Earnings From Equity Investments | 239.00M | 245.00M | 250.00M | 228.00M | 208.00M | 191.00M |
| Currency Exchange Gain (Loss) | 74.00M | 74.00M | 5.00M | 33.00M | -29.00M | 7.00M |
| Other Non Operating Income (Expenses) | -1.00M | -1.00M | ||||
| EBT Excluding Unusual Items | 9.73B | 9.74B | 9.94B | 8.97B | 9.21B | 9.57B |
| Merger & Restructuring Charges | -754.00M | -887.00M | -1.00B | -647.00M | -827.00M | -964.00M |
| Gain (Loss) on Sale of Investments | 14.00M | -17.00M | -22.00M | |||
| Gain (Loss) on Sale of Assets | -13.00M | -36.00M | -229.00M | 491.00M | 2.33B | 36.00M |
| Asset Writedown | -14.00M | -43.00M | -134.00M | -221.00M | -17.00M | |
| Other Unusual Items | -190.00M | -68.00M | -201.00M | -169.00M | -157.00M | -74.00M |
| Pretax Income | 8.78B | 8.69B | 8.37B | 8.63B | 10.34B | 8.56B |
| Income Tax Expense | 2.69B | 2.48B | 2.33B | 1.99B | 2.07B | 1.94B |
| Earnings From Continuing Operations | 6.09B | 6.21B | 6.04B | 6.64B | 8.27B | 6.62B |
| Earnings From Discontinued Operations | 3.67B | 3.79B | 314.00M | 485.00M | ||
| Net Income to Company | 9.77B | 10.00B | 6.35B | 7.12B | 8.27B | 6.62B |
| Minority Interest in Earnings | -495.00M | -531.00M | -609.00M | -635.00M | -627.00M | -572.00M |
| Net Income | 9.27B | 9.47B | 5.74B | 6.49B | 7.64B | 6.05B |
| Net Income to Common | 9.27B | 9.47B | 5.74B | 6.49B | 7.64B | 6.05B |
| Shares Outstanding (Basic) | 2.18B | 2.18B | 2.22B | 2.24B | 2.01B | 2.05B |
| Shares Outstanding (Diluted) | 2.19B | 2.20B | 2.23B | 2.25B | 2.02B | 2.06B |
| EPS (Basic) | 4.26 | 4.34 | 2.59 | 2.90 | 3.80 | 2.94 |
| EPS (Diluted) | 4.23 | 4.32 | 2.58 | 2.89 | 3.78 | 2.94 |
| Free Cash Flow | 7.22B | 6.93B | 8.14B | 8.23B | 5.83B | 6.86B |
| Free Cash Flow Per Share | 3.30 | 3.16 | 3.65 | 3.66 | 2.88 | 3.33 |
| Dividend Per Share | 1.89 | 1.98 | 1.79 | 1.92 | 1.87 | 1.96 |
| Gross Margin | 47.07% | 46.95% | 46.69% | 43.54% | 40.23% | 42.30% |
| Operating Margin | 20.03% | 20.05% | 19.59% | 17.95% | 15.83% | 18.38% |
| Profit Margin | 18.32% | 18.75% | 10.95% | 12.55% | 12.72% | 11.53% |
| Free Cash Flow Margin | 14.26% | 13.73% | 15.51% | 15.93% | 9.70% | 13.09% |
| EBITDA | 10.88B | 10.85B | 10.93B | 10.42B | 11.24B | 11.38B |
| EBITDA Margin | 21.49% | 21.48% | 20.83% | 20.17% | 18.71% | 21.70% |
| D&A For EBITDA | 737.00M | 722.00M | 653.00M | 1.15B | 1.73B | 1.75B |
| EBIT | 10.14B | 10.13B | 10.28B | 9.28B | 9.51B | 9.64B |
| EBIT Margin | 20.03% | 20.05% | 19.59% | 17.95% | 15.83% | 18.38% |
| Effective Tax Rate | 30.59% | 28.54% | 27.86% | 23.07% | 20.01% | 22.62% |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.73B | 3.94B | 6.14B | 4.16B | 4.33B | 3.42B |
| Short-Term Investments | 765.00M | 541.00M | 736.00M | 1.37B | 772.00M | 751.00M |
| Trading Asset Securities | 452.00M | 530.00M | 446.00M | 582.00M | 500.00M | 340.00M |
| Cash & Short-Term Investments | 5.94B | 5.01B | 7.32B | 6.11B | 5.60B | 4.51B |
| Accounts Receivable | 10.13B | 4.85B | 4.23B | 4.42B | 4.54B | 3.58B |
| Other Receivables | 337.00M | 892.00M | 955.00M | 1.01B | 1.13B | 922.00M |
| Receivables | 10.47B | 5.74B | 5.18B | 5.43B | 5.68B | 4.50B |
| Inventory | 4.52B | 4.04B | 5.18B | 5.12B | 5.93B | 4.68B |
| Prepaid Expenses | 1.37B | 506.00M | 516.00M | 969.00M | 492.00M | |
| Other Current Assets | 458.00M | 898.00M | 1.01B | 728.00M | 981.00M | 3.22B |
| Total Current Assets | 21.39B | 17.07B | 19.19B | 17.90B | 19.16B | 17.40B |
| Property, Plant & Equipment | 9.36B | 8.99B | 11.67B | 10.71B | 10.77B | 10.35B |
| Long-Term Investments | 3.12B | 2.98B | 1.44B | 1.22B | 1.00B | 1.06B |
| Goodwill | 18.52B | 17.71B | 22.31B | 21.11B | 21.61B | 20.33B |
| Other Intangible Assets | 17.56B | 17.05B | 18.59B | 18.36B | 18.88B | 18.26B |
| Long-Term Accounts Receivable | 302.00M | 344.00M | 394.00M | 520.00M | 499.00M | |
| Long-Term Deferred Tax Assets | 1.08B | 1.15B | 1.28B | 1.11B | 1.05B | 1.47B |
| Other Long-Term Assets | 5.91B | 5.22B | 4.92B | 4.46B | 4.84B | 5.73B |
| Total Assets | 76.93B | 70.47B | 79.75B | 75.27B | 77.82B | 75.09B |
| Accounts Payable | 19.25B | 10.99B | 10.26B | 10.36B | 11.10B | 8.90B |
| Accrued Expenses | 5.21B | 5.61B | 5.57B | 5.86B | 4.88B | |
| Short-Term Debt | 55.00M | 65.00M | 2.34B | 1.58B | 2.16B | 4.03B |
| Current Portion of Long-Term Debt | 8.09B | 2.24B | 4.33B | 3.17B | 3.28B | 2.85B |
| Current Portion of Leases | 277.00M | 322.00M | 334.00M | 340.00M | 365.00M | |
| Current Income Taxes Payable | 912.00M | 1.44B | 678.00M | 851.00M | 877.00M | 1.36B |
| Other Current Liabilities | 591.00M | 1.43B | 1.70B | 1.65B | 1.82B | 2.39B |
| Total Current Liabilities | 28.89B | 21.66B | 25.23B | 23.51B | 25.43B | 24.78B |
| Long-Term Debt | 22.66B | 24.65B | 23.90B | 23.47B | 22.64B | 21.60B |
| Long-Term Leases | 1.31B | 1.05B | 1.16B | 1.06B | 1.07B | 1.28B |
| Pension & Post-Retirement Benefits | 913.00M | 944.00M | 1.19B | 1.38B | 1.69B | 2.13B |
| Long-Term Deferred Tax Liabilities | 3.86B | 3.60B | 4.34B | 4.00B | 4.38B | 4.53B |
| Other Long-Term Liabilities | 997.00M | 979.00M | 1.36B | 1.08B | 914.00M | 1.03B |
| Total Liabilities | 58.63B | 52.88B | 57.20B | 54.50B | 56.12B | 55.35B |
| Common Stock | 85.00M | 85.00M | 88.00M | 88.00M | 92.00M | 92.00M |
| Additional Paid-In Capital | 52.84B | 52.84B | 52.84B | 52.84B | 52.84B | 52.84B |
| Retained Earnings | 45.93B | 44.23B | 49.72B | 47.05B | 50.25B | 46.74B |
| Treasury Stock | -3.81B | -2.30B | -6.24B | -4.81B | -3.41B | |
| Comprehensive Income & Other | -82.67B | -77.82B | -80.37B | -75.64B | -79.36B | -79.17B |
| Total Common Equity | 16.19B | 15.53B | 19.99B | 18.10B | 19.02B | 17.11B |
| Minority Interest | 2.11B | 2.06B | 2.56B | 2.66B | 2.68B | 2.64B |
| Shareholders' Equity | 18.31B | 17.59B | 22.55B | 20.76B | 21.70B | 19.75B |
| Total Liabilities & Equity | 76.93B | 70.47B | 79.75B | 75.27B | 77.82B | 75.09B |
| Total Debt | 32.11B | 28.28B | 32.05B | 29.62B | 29.49B | 30.13B |
| Net Cash (Debt) | -26.17B | -23.27B | -24.73B | -23.51B | -23.89B | -25.63B |
| Net Cash Per Share | -11.96 | -10.60 | -11.10 | -10.45 | -11.81 | -12.43 |
| Filing Date Shares Outstanding | 2.15B | 2.18B | 2.20B | 2.22B | 2.25B | 2.28B |
| Total Common Shares Outstanding | 2.15B | 2.18B | 2.20B | 2.22B | 2.25B | 2.28B |
| Working Capital | -7.50B | -4.60B | -6.04B | -5.61B | -6.27B | -7.38B |
| Book Value Per Share | 7.52 | 7.13 | 9.08 | 8.15 | 8.46 | 7.51 |
| Tangible Book Value | -19.88B | -19.23B | -20.91B | -21.36B | -21.47B | -21.48B |
| Tangible Book Value Per Share | -9.23 | -8.83 | -9.50 | -9.62 | -9.55 | -9.43 |
| Land | 496.00M | 556.00M | 471.00M | 504.00M | 380.00M | |
| Buildings | 3.13B | 4.31B | 4.01B | 4.10B | 3.79B | |
| Machinery | 10.09B | 14.43B | 13.90B | 14.15B | 13.58B | |
| Construction In Progress | 1.66B | 1.60B | 1.25B | 1.06B | 974.00M |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 9.27B | 9.47B | 5.74B | 6.49B | 7.64B | 6.05B |
| Depreciation & Amortization | 1.10B | 1.09B | 1.03B | 1.15B | 1.73B | 1.75B |
| Other Amortization | 222.00M | 222.00M | 213.00M | |||
| Loss (Gain) From Sale of Assets | 41.00M | 58.00M | 259.00M | -440.00M | -2.33B | 23.00M |
| Asset Writedown & Restructuring Costs | 13.00M | 42.00M | 127.00M | 221.00M | 17.00M | |
| Loss (Gain) on Equity Investments | -274.00M | -228.00M | -263.00M | -206.00M | -232.00M | -282.00M |
| Stock-Based Compensation | 235.00M | 255.00M | 292.00M | 192.00M | 177.00M | 161.00M |
| Other Operating Activities | -3.32B | -2.97B | 1.25B | 459.00M | 506.00M | 305.00M |
| Change in Accounts Receivable | -3.80B | -2.62B | -211.00M | 731.00M | -1.85B | -307.00M |
| Change in Inventory | -63.00M | -281.00M | -190.00M | 282.00M | -1.40B | -458.00M |
| Change in Accounts Payable | 5.18B | 3.02B | 213.00M | -260.00M | 2.83B | 718.00M |
| Operating Cash Flow | 8.64B | 8.35B | 9.52B | 9.43B | 7.28B | 7.97B |
| Capital Expenditures | -1.42B | -1.42B | -1.38B | -1.19B | -1.46B | -1.11B |
| Sale of Property, Plant & Equipment | 39.00M | 126.00M | 15.00M | 15.00M | 82.00M | 101.00M |
| Cash Acquisitions | -2.08B | -1.67B | -734.00M | -100.00M | -979.00M | -2.13B |
| Divestitures | 240.00M | 107.00M | 910.00M | 436.00M | 4.62B | 43.00M |
| Sale (Purchase) of Intangibles | -205.00M | -174.00M | -233.00M | -241.00M | -253.00M | -232.00M |
| Investment in Securities | -69.00M | 43.00M | 369.00M | -789.00M | -35.00M | -252.00M |
| Other Investing Activities | 358.00M | -129.00M | 429.00M | -421.00M | 472.00M | 333.00M |
| Investing Cash Flow | -3.14B | -3.12B | -625.00M | -2.29B | 2.45B | -3.25B |
| Short-Term Debt Issued | 575.00M | 656.00M | ||||
| Long-Term Debt Issued | 4.28B | 4.23B | 4.42B | 7.78B | 4.75B | |
| Total Debt Issued | 3.84B | 4.28B | 4.81B | 4.42B | 7.78B | 5.40B |
| Short-Term Debt Repaid | -2.23B | -506.00M | -545.00M | |||
| Long-Term Debt Repaid | -3.85B | -4.19B | -3.82B | -8.96B | -4.01B | |
| Lease Payments | -349.00M | -301.00M | -342.00M | -349.00M | -518.00M | -464.00M |
| Total Debt Repaid | -4.48B | -6.08B | -4.19B | -4.33B | -9.50B | -4.01B |
| Net Debt Issued (Repaid) | -640.00M | -1.80B | 621.00M | 93.00M | -1.73B | 1.39B |
| Repurchase of Common Stock | -1.51B | -1.51B | -1.51B | -1.51B | -1.51B | -3.02B |
| Common Dividends Paid | -4.25B | -4.45B | -4.32B | -4.36B | -4.33B | -4.48B |
| Other Financing Activities | 1.34B | 947.00M | -1.74B | -1.42B | -1.32B | -988.00M |
| Financing Cash Flow | -5.06B | -6.81B | -6.94B | -7.19B | -8.89B | -7.10B |
| Foreign Exchange Rate Adjustments | -40.00M | -498.00M | -48.00M | -119.00M | -7.00M | 285.00M |
| Net Cash Flow | 403.00M | -2.08B | 1.91B | -180.00M | 838.00M | -2.09B |
| Free Cash Flow | 7.22B | 6.93B | 8.14B | 8.23B | 5.83B | 6.86B |
| Free Cash Flow Margin | 14.26% | 13.73% | 15.51% | 15.93% | 9.70% | 13.09% |
| Free Cash Flow Per Share | 3.30 | 3.16 | 3.65 | 3.66 | 2.88 | 3.33 |
| Levered Free Cash Flow | 6.73B | 6.27B | 5.46B | 5.64B | 7.11B | 4.63B |
| Unlevered Free Cash Flow | 7.45B | 6.96B | 6.09B | 6.24B | 7.60B | 4.95B |
| Free Cash Flow After Leases | 6.87B | 6.63B | 7.80B | 7.88B | 5.31B | 6.40B |
| Cash Interest Paid | 992.00M | 1.02B | 929.00M | 751.00M | 744.00M | 488.00M |
| Cash Income Tax Paid | 3.36B | 2.72B | 2.45B | 1.93B | 2.81B | 2.33B |
| Change in Working Capital | 1.31B | 116.00M | -188.00M | 753.00M | -422.00M | -47.00M |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 144.34B | 142.31B | 140.95B | 120.96B | 127.43B | 136.79B |
| Enterprise Value | 177.01B | 175.52B | 170.63B | 150.55B | 158.63B | 165.80B |
| Last Close Price | 65.26 | 63.77 | 60.14 | 49.76 | 49.86 | 51.33 |
| PE Ratio | 13.61 | 12.80 | 23.70 | 16.87 | 15.60 | 19.88 |
| PS Ratio | 2.45 | 2.40 | 2.59 | 2.12 | 1.99 | 2.29 |
| PB Ratio | 6.77 | 6.89 | 6.04 | 5.27 | 5.49 | 6.09 |
| P/FCF Ratio | 17.51 | 17.48 | 16.73 | 13.29 | 20.47 | 17.52 |
| P/OCF Ratio | 14.63 | 14.52 | 14.30 | 11.61 | 16.37 | 15.09 |
| EV/Sales Ratio | 3.01 | 2.96 | 3.14 | 2.63 | 2.47 | 2.78 |
| EV/EBITDA Ratio | 14.02 | 13.78 | 15.08 | 13.07 | 13.21 | 12.81 |
| EV/EBIT Ratio | 15.04 | 14.76 | 16.04 | 14.68 | 15.61 | 15.13 |
| EV/FCF Ratio | 21.55 | 21.56 | 20.25 | 16.55 | 25.48 | 21.24 |
| Debt / Equity Ratio | 1.75 | 1.61 | 1.42 | 1.43 | 1.36 | 1.53 |
| Debt / EBITDA Ratio | 2.86 | 2.52 | 2.83 | 2.84 | 2.62 | 2.65 |
| Debt / FCF Ratio | 4.45 | 4.08 | 3.94 | 3.60 | 5.06 | 4.39 |
| Net Debt / Equity Ratio | 1.43 | 1.32 | 1.10 | 1.13 | 1.10 | 1.30 |
| Net Debt / EBITDA Ratio | 2.41 | 2.15 | 2.26 | 2.26 | 2.13 | 2.25 |
| Net Debt / FCF Ratio | 3.62 | 3.36 | 3.04 | 2.86 | 4.10 | 3.73 |
| Asset Turnover | 0.66 | 0.67 | 0.68 | 0.68 | 0.79 | 0.73 |
| Inventory Turnover | 5.35 | 5.81 | 5.43 | 5.28 | 6.77 | 6.62 |
| Quick Ratio | 0.57 | 0.50 | 0.49 | 0.49 | 0.44 | 0.36 |
| Current Ratio | 0.74 | 0.79 | 0.76 | 0.76 | 0.75 | 0.70 |
| Return on Equity (ROE) | 31.87% | 30.95% | 27.88% | 31.26% | 39.90% | 35.41% |
| Return on Assets (ROA) | 8.29% | 8.43% | 8.29% | 7.57% | 7.78% | 8.44% |
| Return on Invested Capital (ROIC) | 15.82% | 16.42% | 16.20% | 15.88% | 16.73% | 17.75% |
| Return on Capital Employed (ROCE) | 21.10% | 20.70% | 18.90% | 17.90% | 18.20% | 19.20% |
| Earnings Yield | 7.35% | 7.81% | 4.22% | 5.93% | 6.41% | 5.03% |
| FCF Yield | 5.71% | 5.72% | 5.98% | 7.52% | 4.89% | 5.71% |
| Dividend Yield | 3.21% | 3.56% | 2.89% | 3.91% | 3.53% | 3.70% |
| Payout Ratio | 43.68% | 47.03% | 75.19% | 67.26% | 56.65% | 74.11% |
| Buyback Yield / Dilution | 4.17% | 1.49% | 1.00% | -11.29% | 1.91% | 0.77% |
| Total Shareholder Return | 7.40% | 5.05% | 3.89% | -7.39% | 5.44% | 4.47% |