Newell Brands Inc. (NWL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.2	$0.42	+110.0%	—	—	—
Q3 26	-$0.09	-$0.05	+44.4%	—	—	—
Q2 26	$0.18	$0.18	0.0%	—	—	—
Q1 26	$0.18	$0.17	-5.6%	—	—	—
Q4 25	$0.24	$0.24	0.0%	—	—	—
Q3 25	-$0.07	-$0.01	+85.7%	—	—	—
Q2 25	$0.14	$0.16	+14.3%	—	—	—
Q1 25	$0.16	$0.16	0.0%	—	—	—
Q4 24	$0.21	$0.36	+71.4%	—	—	—
Q3 24	$0.17	$0.22	+29.4%	—	—	—
Q2 24	$0.23	$0.39	+69.6%	—	—	—
Q1 24	$0.14	$0.24	+71.4%	—	—	—
Q4 23	-$0.03	-$0.06	-100.0%	—	—	—
Q3 23	$0.11	$0.16	+45.5%	—	—	—
Q2 23	$0.47	$0.53	+12.8%	—	—	—
Q1 23	$0.47	$0.57	+21.3%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.68	—	—	$7.2B	—
FY24	—	-$0.52	—	—	$7.6B	—
FY23	—	-$0.94	—	—	$8.1B	—
FY22	—	$0.47	—	—	$9.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$9.2B	$11.2B	$10.2B	$9.7B	$9.4B	$10.6B	$9.5B	$8.1B	$7.6B	$7.2B
YoY change	+55.2%	+21.7%	-9.1%	-4.32%	-3.4%	+12.8%	-10.7%	-14%	-6.77%	-4.99%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	9.2B	11.2B	10.2B	9.7B	9.4B	10.6B	9.5B	8.1B	7.6B	7.2B
Cost of revenue	6.2B	7.4B	6.6B	6.5B	6.3B	7.2B	6.6B	5.8B	5B	4.8B
Gross profit	3B	3.8B	3.5B	3.2B	3.1B	3.4B	2.8B	2.4B	2.5B	2.4B
Gross margin	32.4%	34.1%	34.6%	33.1%	32.8%	31.8%	30%	28.9%	33.6%	33.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.6B	2.9B	2.6B	2.5B	2.2B	2.3B	2B	2B	2.1B	2B
Operating expenses	2.6B	2.9B	2.6B	2.5B	2.2B	2.3B	2B	2B	2.1B	2B
Operating income	360.3M	886.4M	870M	768M	890M	1.1B	801M	352M	478M	471M
Operating margin	3.92%	7.94%	8.57%	7.91%	9.48%	10.3%	8.47%	4.33%	6.3%	6.54%
Non-operating income, net	62.7M	501M	-8.4B	-1.3B	-1.6B	-73M	-409M	-612M	-443M	-451M
Pretax income	18.8M	919.3M	-8B	-852M	-1B	760M	157M	-543M	-260M	-301M
Income tax	57.1M	-1.5B	-1.4B	-1B	-236M	138M	-40M	-155M	-44M	-16M
Net income	527.8M	2.7B	-6.9B	107M	-770M	622M	197M	-388M	-216M	-285M
Net margin	5.75%	24.6%	-68.4%	1.1%	-8.2%	5.87%	2.08%	-4.77%	-2.85%	-3.96%
EBITDA	907.3M	1B	1.3B	1.2B	1.2B	1.4B	1.1B	532M	791M	774M
EPS	1.25	5.65	-14.6	0.25	-1.82	1.34	0.47	-0.94	-0.52	-0.68
Diluted EPS	1.25	5.63	-14.6	0.25	-1.82	1.34	0.47	-0.94	-0.52	-0.68

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2B	2.1B	1.7B	2B	1.9B	1.9B	1.6B	1.9B	1.8B	1.9B	1.5B	2B
Cost of revenue	1.4B	1.5B	1.1B	1.3B	1.3B	1.3B	1.1B	1.3B	1.2B	1.3B	1B	1.2B
Gross profit	621M	621M	504M	699M	679M	666M	503M	685M	616M	628M	513M	812M
Gross margin	30.3%	29.9%	30.5%	34.4%	34.9%	34.2%	32.1%	35.4%	34.1%	33.1%	33.1%	40.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	501M	544M	462M	520M	536M	552M	471M	508M	492M	490M	472M	519M
Operating expenses	501M	544M	462M	520M	536M	552M	471M	508M	492M	490M	472M	519M
Operating income	120M	77M	42M	179M	143M	114M	32M	177M	124M	138M	41M	293M
Operating margin	5.86%	3.71%	2.54%	8.8%	7.34%	5.85%	2.04%	9.15%	6.87%	7.27%	2.65%	14.7%
Non-operating income, net	-349M	-171M	-32M	-17M	-273M	-121M	-15M	-24M	1M	-413M	-18M	-11M
Pretax income	-298M	-164M	-60M	84M	-205M	-79M	-55M	71M	42M	-359M	-61M	195M
Income tax	-80M	-78M	-51M	39M	-7M	-25M	-18M	25M	21M	-44M	-28M	89M
Net income	-218M	-86M	-9M	45M	-198M	-54M	-37M	46M	21M	-315M	-33M	106M
Net margin	-10.6%	-4.14%	-0.54%	2.21%	-10.2%	-2.77%	-2.36%	2.38%	1.16%	-16.6%	-2.13%	5.32%
EBITDA	131M	98M	125M	253M	215M	190M	104M	252M	201M	217M	117M	372M
EPS	-0.53	-0.21	-0.02	0.11	-0.48	-0.13	-0.09	0.11	0.05	-0.75	-0.08	0.25
Diluted EPS	-0.53	-0.21	-0.02	0.11	-0.48	-0.13	-0.09	0.11	0.05	-0.75	-0.08	0.25

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	8.8B	—	9B	9.3B	5.4B	3.6B	4.1B	1.6B	2.3B
Enterprise value	—	—	15.3B	—	14.2B	14.4B	11.2B	8.7B	9.1B	6.6B	7.8B
Shares outstanding	421.3M	486.7M	473.7M	423.3M	424.1M	425.3M	415.7M	414.1M	415.5M	418.2M	418.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	14.9	27.6	—	—	—	-7.99
P/S	—	—	0.87	—	0.96	0.88	0.57	0.44	0.55	0.22	0.32
P/B	—	—	1.68	—	2.31	2.23	1.55	1.16	1.5	0.65	0.95
EV/EBITDA	—	—	11.7	—	11.9	10.1	10.2	16.4	11.5	8.49	8.6
EV/Sales	—	—	1.51	—	1.52	1.36	1.18	1.07	1.2	0.91	1.08
Earnings yield	—	—	—	—	—	6.7%	3.62%	—	—	—	-12.5%
FCF yield	—	—	3.36%	—	13%	6.41%	-10.7%	18%	5.73%	1.09%	17.6%
PEG	—	—	—	—	—	—	—	—	—	—	-0.06

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	32.4%	34.1%	34.6%	33.1%	32.8%	31.8%	30%	28.9%	33.6%	33.8%	40.7%
Operating margin	3.92%	7.94%	8.57%	7.91%	9.48%	10.3%	8.47%	4.33%	6.3%	6.54%	14.7%
Net margin	5.75%	24.6%	-68.4%	1.1%	-8.2%	5.87%	2.08%	-4.77%	-2.85%	-3.96%	-3.05%
ROE	4.64%	19.4%	-132.1%	2.14%	-19.7%	15%	5.6%	-12.5%	-7.85%	-11.9%	-8.59%
ROA	1.56%	8.3%	-39.2%	0.68%	-5.24%	4.36%	1.49%	-3.19%	-1.96%	-2.66%	3.3%
ROIC	0%	3.66%	7.39%	6.95%	9.75%	9.66%	8.67%	4.27%	6.23%	6.36%	7.66%
Return on tangible assets	-3.56%	-272.2%	298.4%	-6.65%	-165.2%	119.4%	14.4%	-37.1%	-23.7%	-22.9%	-12.8%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.74	2.19	1.8	1.38	1.28	1.31	1.32	1.16	1.14	1.07	1.11
Quick ratio	1.25	1.85	1.27	0.84	0.83	0.68	0.6	0.63	0.56	0.57	0.59
Debt / equity	1.04	0.74	1.34	1.28	1.59	1.32	1.71	1.76	1.86	2.18	2.33
Debt / assets	0.35	0.32	0.4	0.41	0.42	0.39	0.45	0.45	0.47	0.49	0.5
Net debt / EBITDA	12.5	9.75	4.97	5	4.37	3.56	5.26	9.66	6.23	6.48	5.88
Interest coverage	—	—	-16.9	-1.81	-2.67	3.97	1.67	-0.92	0.12	0.06	0.46
Effective tax rate	100%	0%	0%	0%	0%	18.2%	0%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	21.8	23	21.4	23	22.1	24.9	22.8	19.6	18.2	17.2	17.2
EPS (basic)	1.25	5.65	-14.6	0.25	-1.82	1.34	0.47	-0.94	-0.52	-0.68	-0.68
EPS (diluted)	1.25	5.63	-14.6	0.25	-1.82	1.34	0.47	-0.94	-0.52	-0.68	-0.53
Book value per share	27	29.1	11.1	11.8	9.2	9.78	8.47	7.52	6.62	5.72	5.76
FCF per share	3.32	1.15	0.62	1.84	2.77	1.4	-1.4	1.56	0.57	0.04	0.27
Cash per share	1.39	1	1.05	0.82	2.31	1.03	0.69	0.8	0.48	0.49	0.49
Capex per share	—	—	—	—	—	—	—	—	—	0.59	0.5

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	3.43%	2.94%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	93.6%	64.4%
Payout ratio	62.3%	15.6%	-6.27%	365.4%	-50.9%	63.3%	195.4%	-47.4%	-54.6%	-42.1%	195.7%
Dividend yield	—	—	4.94%	—	4.35%	4.24%	7.08%	5.12%	2.85%	7.71%	5.15%

Yield

5.15%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.07

ex-dividend Aug 31, 2026

Payout ratio

196%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$0.07
May 29, 2026	$0.07
Feb 27, 2026	$0.07

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$2B	$2.1B	$1.7B	$2B	$1.9B	$1.9B	$1.6B	$1.9B	$1.8B	$1.9B	$1.5B	$2B
YoY change	-9.06%	-9.15%	-8.42%	-7.76%	-4.93%	-6.12%	-5.26%	-4.82%	-7.24%	-2.67%	-1.09%	+3.05%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	587.5M	485.7M	495.7M	349M	981M	440M	287M	332M	198M	203M
Receivables	2.7B	1.9B	2.2B	1.8B	1.7B	1.5B	1.3B	1.2B	878M	987M
Inventory	2.1B	1.7B	1.8B	1.6B	1.6B	2.1B	2.2B	1.5B	1.4B	1.3B
Total current assets	7.5B	10.7B	6B	4.1B	4.6B	4.4B	4.1B	3.4B	2.8B	2.7B
Property, plant & equipment	890.4M	481M	573.3M	1.1B	1B	1.1B	1.1B	1B	1.1B	1.1B
Goodwill & intangibles	48.7B	34.1B	20B	17.3B	14.2B	13.7B	11.9B	11.1B	10.1B	9.5B
Total assets	33.8B	33.1B	17.7B	15.6B	14.7B	14.3B	13.3B	12.2B	11B	10.7B
Accounts payable	1.5B	1.2B	1.2B	1.1B	1.5B	1.7B	1.1B	1B	891M	931M
Short-term debt	601.9M	661.8M	318.7M	464M	595M	125M	742M	451M	197M	243M
Total current liabilities	4.3B	4.9B	3.3B	3B	3.6B	3.3B	3.1B	2.9B	2.4B	2.5B
Long-term debt	11.3B	9.9B	6.7B	5.9B	5.6B	5.4B	5.3B	5B	4.9B	5B
Total liabilities	22.5B	19B	12.5B	10.6B	10.8B	10.1B	9.7B	9.1B	8.3B	8.3B
Shareholders' equity	11.4B	14.2B	5.3B	5B	3.9B	4.2B	3.5B	3.1B	2.8B	2.4B
Total debt	11.9B	10.6B	7B	6.4B	6.2B	5.5B	6B	5.5B	5.1B	5.2B
Net debt	11.3B	10.1B	6.5B	6B	5.2B	5.1B	5.7B	5.1B	4.9B	5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	229M	203M	201M	209M
Receivables	—	—	—	—	—	—	—	—	943M	987M	893M	1B
Inventory	—	—	—	—	—	—	—	—	1.5B	1.3B	1.5B	1.5B
Total current assets	—	—	—	—	—	—	—	—	2.9B	2.7B	2.9B	3.2B
Property, plant & equipment	—	—	—	—	—	—	—	—	1.1B	1.1B	1.1B	1.1B
Goodwill & intangibles	—	—	—	—	—	—	—	—	10.2B	9.5B	9.4B	9.3B
Total assets	—	—	—	—	—	—	—	—	11.3B	10.7B	10.9B	11.1B
Accounts payable	—	—	—	—	—	—	—	—	902M	931M	1B	1.1B
Short-term debt	—	—	—	—	—	—	—	—	351M	243M	540M	584M
Total current liabilities	—	—	—	—	—	—	—	—	2.6B	2.5B	2.8B	2.9B
Long-term debt	—	—	—	—	—	—	—	—	5B	5B	5B	5B
Total liabilities	—	—	—	—	—	—	—	—	8.6B	8.3B	8.5B	8.6B
Shareholders' equity	—	—	—	—	—	—	—	—	2.7B	2.4B	2.3B	2.5B
Total debt	—	—	—	—	—	—	—	—	5.3B	5.2B	5.5B	5.5B
Net debt	—	—	—	—	—	—	—	—	5.1B	5B	5.3B	5.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	527.8M	2.7B	-6.9B	107M	-770M	622M	197M	-388M	-216M	-285M
Depreciation & amortization	437.2M	635.6M	434M	446M	357M	325M	296M	334M	323M	311M
Stock-based compensation	63.9M	70.9M	76M	42M	41M	52M	12M	50M	74M	68M
Change in working capital	742.1M	149.3M	-21M	333M	554M	-156M	-682M	690M	215M	129M
Operating cash flow	1.8B	1.8B	-8B	-122M	-69M	809M	-104M	370M	264M	264M
Capital expenditure	—	—	—	—	—	—	—	—	—	-247M
Investing cash flow	-8.4B	1.5B	5.2B	1B	31M	21M	655M	85M	108M	-164M
Dividends paid	-328.6M	-428.6M	-435M	-391M	-392M	-394M	-385M	-184M	-118M	-120M
Share repurchases	-16.1M	-152.4M	-1.5B	0	0	0	-325M	0	0	—
Financing cash flow	7.3B	-2.2B	-5.4B	-1.9B	-596M	-1.1B	-193M	-674M	-423M	-1.4B
Net change in cash	806.1M	1.1B	-8.3B	-1B	-634M	-296M	358M	-219M	-51M	-1.3B
Free cash flow	1.4B	560M	296M	779M	1.2B	595M	-584M	646M	237M	17M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-218M	-86M	-9M	45M	-198M	-54M	-37M	46M	21M	-315M	-33M	106M
Depreciation & amortization	81M	94M	85M	79M	81M	78M	75M	79M	77M	80M	79M	78M
Stock-based compensation	12M	18M	16M	17M	16M	25M	16M	17M	13M	22M	17M	20M
Change in working capital	254M	222M	81M	-56M	116M	74M	-18M	-228M	217M	158M	2M	-127M
Operating cash flow	12M	37M	178M	86M	-12M	7M	77M	-58M	374M	161M	-233M	29M
Capital expenditure	—	—	—	—	—	—	—	-59M	-59M	-70M	-37M	-47M
Investing cash flow	14M	-20M	9M	19M	14M	52M	32M	-65M	-45M	-49M	-29M	-37M
Dividends paid	-29M	-29M	-31M	-29M	-29M	-29M	-31M	-29M	-30M	-30M	-36M	-30M
Share repurchases	0	0	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-471M	-29M	-262M	79M	-298M	-2.4B	279M	-2.4B	-1.6B	-184M	259M	15M
Net change in cash	-445M	-12M	-75M	184M	-296M	-2.3B	388M	-2.5B	-1.2B	-72M	-3M	7M
Free cash flow	335M	176M	-27M	-21M	231M	54M	-272M	-117M	315M	91M	-270M	-18M

Date	Ratio
Sep 2, 1994	2:1
Dec 4, 1989	2:1
Aug 30, 1988	2:1
Mar 21, 1983	2:1

Newell Brands Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history