Haleon Plc ADR (HLN) 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 24	$25.3	$8.64	-65.8%	—	$2.8B	—
Q3 24	$0.11	$0.12	+9.1%	—	$2.8B	—
Q2 24	$0.09	$0.1	+11.1%	—	$3.8B	—
Q1 24	$8.81	$10.3	+17.4%	—	$4B	—
Q4 23	$0.13	$0.1	-23.1%	—	$2.8B	—
Q3 23	$0.12	$0.11	-8.3%	—	$2.8B	—
Q2 23	$0.1	$0.11	+10.0%	—	$2.8B	—
Q1 23	$0.13	$0.11	-15.4%	—	$3B	—
Q4 22	—	$21.6	—	—	$3.8B	—
Q2 22	—	$0.12	—	—	$2.6B	—

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	—	$0.37	—	—	$11B	—
FY24	—	$0.32	—	—	$11.2B	—
FY23	—	$0.23	—	—	$11.3B	—
FY22	—	$0.23	—	—	$10.9B	—
FY21	—	$0.3

Total revenue

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

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$8.5B	$9.9B	$9.5B	$10.9B	$11.3B	$11.2B	$11B
YoY change	—	+16.7%	-3.51%	+13.8%	+4.09%	-0.61%	-1.81%

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	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	8.5B	9.9B	9.5B	10.9B	11.3B	11.2B	11B
Cost of revenue	3.7B	4B	3.6B	4.3B	4.6B	4.4B	4B
Gross profit	4.8B	5.9B	6B	6.6B	6.7B	6.8B	7.1B
Gross margin	56.6%	59.7%	62.3%	60.6%	59.7%	60.7%	64.2%
Research & development	292M	304M	257M	300M	311M	298M	316M
Selling, general & administrative	3.6B	4.2B	4.1B	4.5B	4.4B	4.5B	4.4B
Operating expenses	3.9B	4.3B	4.3B	4.8B	4.8B	4.6B	4.7B
Operating income	897M	1.6B	1.6B	1.8B	2B	2.2B	2.4B
Operating margin	10.6%	16.2%	17.2%	16.8%	17.7%	19.6%	21.9%
Non-operating income, net	-1M	2M	—	—	—	—	—
Pretax income	886M	1.6B	1.6B	1.6B	1.6B	1.9B	2.2B
Income tax	199M	410M	197M	499M	517M	435M	472M
Net income	687M	1.2B	1.4B	1.1B	1.1B	1.5B	1.7B
Net margin	8.1%	11.9%	15.1%	10.3%	9.83%	13.1%	15.2%
EBITDA	1.2B	1.9B	1.9B	2.2B	2.3B	2.6B	2.8B
EPS	0.14	0.25	0.3	0.23	0.23	0.32	0.37
Diluted EPS	0.14	0.25	0.3	0.23	0.23	0.31	0.37

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	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24
Revenue	2.6B	2.6B	2.9B	3.8B	3B	2.8B	2.8B	2.8B	4B	3.8B	2.8B	2.8B
Cost of revenue	1B	963M	1.1B	1.6B	1.1B	1B	1.1B	1.3B	1.5B	1.4B	1B	1.2B
Gross profit	1.6B	1.6B	1.8B	2.2B	1.8B	1.7B	1.7B	1.5B	2.5B	2.3B	1.7B	1.5B
Gross margin	61.4%	62.4%	62.9%	58.2%	61.6%	62.1%	61.3%	53.5%	63%	61.6%	62.9%	55.4%
Research & development	64M	72M	82M	117M	75M	67M	75M	94M	96.3M	99M	76M	78M
Selling, general & administrative	1.1B	1.1B	1.2B	1.5B	1.1B	1.1B	1.1B	1.1B	1.5B	1.6B	1.1B	1.1B
Operating expenses	1.1B	1.2B	1.3B	1.6B	1.2B	1.2B	1.1B	1.2B	1.6B	1.6B	1B	1.2B
Operating income	466M	434M	569M	581M	627M	514M	584M	271M	888M	672.5M	705M	350M
Operating margin	17.7%	16.9%	19.7%	15.3%	21%	18.7%	20.9%	9.8%	22.4%	17.9%	25.4%	12.7%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	465M	399M	495M	375M	542M	418M	496M	172M	799.9M	550.4M	626M	288M
Income tax	108M	212M	130M	158M	127M	103M	122M	165M	202M	126.1M	127M	66M
Net income	357M	187M	365M	217M	415M	315M	374M	7M	597.9M	424.4M	499M	222M
Net margin	13.6%	7.3%	12.6%	5.72%	13.9%	11.4%	13.4%	0.25%	15.1%	11.3%	17.9%	8.05%
EBITDA	473M	470M	576M	635M	637M	542M	584M	317M	917.8M	684.7M	717M	362M
EPS	0.07	—	0.07	—	0.08	—	0.08	—	0.09	—	0.11	—
Diluted EPS	0.07	—	0.07	—	0.08	—	0.08	—	0.09	—	0.11	—

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	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	29.4B	—	43.5B	45.4B	45.4B
Enterprise value	—	—	—	39.2B	—	51.4B	52.7B	52.7B
Shares outstanding	3.7B	3.7B	3.7B	3.7B	4.6B	4.6B	4.5B	4.5B

Valuation

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	26.2	—	29.5	27	27
P/S	—	—	—	2.7	—	3.88	4.12	4.12
P/B	—	—	—	1.78	—	2.68	2.75	2.75
EV/EBITDA	—	—	—	18.1	—	19.9	18.7	18.7
EV/Sales	—	—	—	3.61	—	4.58	4.78	4.78
Earnings yield	—	—	—	3.81%	—	3.39%	3.7%	3.7%
FCF yield	—	—	—	5.91%	—	4.56%	4.89%	4.89%

Profitability

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	56.6%	59.7%	62.3%	60.6%	59.7%	60.7%	64.2%	64.2%
Operating margin	10.6%	16.2%	17.2%	16.8%	17.7%	19.6%	21.9%	21.9%
Net margin	8.1%	11.9%	15.1%	10.3%	9.83%	13.1%	15.2%	15.2%
ROE	2.51%	4.5%	5.43%	6.8%	6.64%	9.09%	10.2%	10.2%
ROA	1.92%	3.46%	4.18%	3.21%	3.26%	4.3%	5.15%	5.15%
ROIC	2.51%	4.5%	5.31%	4.8%	5.41%	7.06%	7.91%	7.91%
Return on tangible assets	-3.38%	-5.82%	-7.22%	-5.07%	-5.65%	-8.15%	-9.03%	-9.03%

Financial health

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.36	1.25	1.24	0.93	1.04	0.98	0.92	0.92
Quick ratio	1.08	1.01	1.01	0.62	0.73	0.78	0.71	0.71
Debt / equity	0.02	0.02	0.04	0.63	0.56	0.62	0.52	0.52
Debt / assets	0.02	0.01	0.03	0.3	0.28	0.29	0.26	0.26
Net debt / EBITDA	0.26	0.08	0.34	4.53	3.64	3.06	2.6	2.6
Interest coverage	35.1	107.1	103.3	6.82	4.93	5.85	7.2	7.2
Effective tax rate	22.5%	25.8%	12%	30.8%	31.8%	22.8%	21.9%	21.9%

Per share

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	2.31	2.7	2.6	2.96	2.46	2.46	2.46	2.46
EPS (basic)	0.14	0.25	0.3	0.23	0.23	0.32	0.37	0.37
EPS (diluted)	0.14	0.25	0.3	0.23	0.23	0.31	0.37	0.37
Book value per share	7.47	7.15	7.22	4.49	3.64	3.56	3.67	3.67
FCF per share	0.15	0.3	0.29	0.47	0.38	0.43	0.49	0.49
Cash per share	0.09	0.09	0.09	0.17	0.22	0.48	0.28	0.28
Capex per share	0.04	0.06	0.06	0.08	—	—	—	—

Capital allocation

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.64%	2.18%	2.26%	2.8%	—	—	—	—
Capex / operating cash flow	20.8%	11.8%	14%	26.6%	—	—	—	—
Payout ratio	167.7%	200.8%	79.8%	239.7%	34.9%	38.6%	36.4%	36.4%
Dividend yield	—	—	—	9.14%	—	1.31%	1.35%	1.35%

Yield

—

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.064

ex-dividend Aug 14, 2026

Payout ratio

36%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.064
Apr 10, 2026	$0.131
Aug 15, 2025	$0.059
Apr 25, 2025	$0.1166
Aug 16, 2024	$0.0514
Mar 14, 2024	$0.1064
Aug 24, 2023	$0.046
Mar 16, 2023	$0.0577

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	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	341M	335M	348M	606M	994M	2.2B	1.3B
Receivables	1.4B	1.3B	1.3B	1.5B	1.4B	1.6B	1.6B
Inventory	1.2B	949M	951M	1.3B	1.4B	1.2B	1B
Total current assets	5.8B	5B	5.3B	4.1B	4.8B	5.7B	4.5B
Property, plant & equipment	1.5B	1.5B	1.6B	1.8B	1.8B	1.8B	1.9B
Goodwill & intangibles	56B	54.4B	54.4B	56.9B	53.7B	52.4B	51.2B
Total assets	35.7B	34.1B	34.5B	34.8B	34.1B	34.3B	32.6B
Accounts payable	1.2B	1.3B	1.4B	1.8B	1.9B	2B	2.1B
Short-term debt	521M	382M	904M	437M	656M	1.5B	836M
Total current liabilities	4.3B	4B	4.2B	4.4B	4.6B	5.8B	4.9B
Long-term debt	121M	105M	87M	10B	8.8B	8.6B	7.7B
Total liabilities	8.3B	7.9B	8B	18.4B	17.3B	18.1B	16.1B
Shareholders' equity	27.4B	26.2B	26.5B	16.5B	16.7B	16.2B	16.5B
Total debt	642M	487M	991M	10.4B	9.4B	10.1B	8.6B
Net debt	302M	153M	644M	9.8B	8.4B	7.9B	7.3B

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	Q4 21	Q2 22	Q4 22	Q2 23	Q4 23	Q2 24	Q4 24
Cash & short-term investments	348M	1.3B	606M	490M	994M	719.9M	2.2B
Receivables	1.3B	2.4B	1.5B	2B	1.4B	2.9B	1.6B
Inventory	951M	1.1B	1.3B	1.5B	1.4B	2B	1.2B
Total current assets	5.3B	14.4B	4.1B	4.2B	4.8B	6.4B	5.7B
Property, plant & equipment	1.6B	1.8B	1.8B	1.8B	1.8B	2.5B	1.8B
Goodwill & intangibles	54.4B	28.5B	56.9B	27.7B	53.7B	35.7B	52.4B
Total assets	34.5B	45B	34.8B	34.2B	34.1B	45.3B	34.3B
Accounts payable	1.4B	3.5B	1.8B	3.5B	1.9B	4.9B	2B
Short-term debt	904M	335M	437M	1.1B	656M	2B	1.5B
Total current liabilities	4.2B	4.2B	4.4B	5B	4.6B	7.6B	5.8B
Long-term debt	87M	9.9B	10B	8.8B	8.8B	10B	8.6B
Total liabilities	8B	18B	18.4B	17.6B	17.3B	22.6B	18.1B
Shareholders' equity	26.5B	27B	16.5B	16.6B	16.7B	22.7B	16.2B
Total debt	991M	10.3B	10.4B	9.9B	9.5B	12B	10.1B
Net debt	644M	8.9B	9.8B	9.4B	8.5B	11.3B	7.9B

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	687M	1.2B	1.4B	1.1B	1.1B	1.5B	1.7B
Depreciation & amortization	260M	305M	268M	—	—	—	—
Stock-based compensation	—	—	0	15M	76M	102M	86M
Change in working capital	-841M	-258M	-342M	-206M	-219M	48M	131M
Operating cash flow	667M	1.8B	1.5B	1.1B	2.1B	2.3B	2.6B
Capital expenditure	-139M	-216M	-216M	-304M	—	—	—
Investing cash flow	200M	183M	-116M	396M	-71M	446M	7M
Dividends paid	-1.2B	-2.4B	-1.1B	-2.7B	-388M	-570M	-612M
Share repurchases	—	—	—	—	0	-619M	-654M
Financing cash flow	-826M	-2.4B	-1.1B	7.2B	-1.1B	-1B	-2.7B
Net change in cash	41M	-355M	278M	8.7B	978M	1.7B	-74M
Free cash flow	543M	1.1B	1.1B	1.7B	1.8B	2B	2.2B

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

Haleon Plc ADR 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