ELNYSEPerfumes, Cosmetics & Other Toilet PreparationsFiscal year ends June 30
ESTEE LAUDER COMPANIES INC
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Aug 19, 2026
$105.78+1.24 (+1.19%)
Close on Oct 19, 2026
- Market cap
- $38.68B
- P/E (TTM)
- 211.6
- Dividend yield
- 1.32%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
75.5%−0.9 pts over 5 years
Operating margin
5.2%−11.0 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.0% | -1.8% | -1.5% | +2.9% | |
| Gross profit | +7.2% | +0.0% | -1.7% | +2.3% | |
| Operating income | – | -19.7% | -21.5% | -7.0% | |
| EPS, diluted | – | -43.6% | -42.3% | -16.3% | |
| Free cash flow | +96.4% | +21.8% | -15.2% | +0.4% | |
| Dividend per share | -18.1% | -18.4% | -7.5% | +2.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 31.4% | – | – | |
| Return on assets | 12.0% | – | – | |
| Current ratio | 1.76 | 1.84 | 1.22 | |
| Debt to equity | 0.81 | 0.92 | – | |
| Net debt to EBITDA | 1.12× | 0.19× | 2.42× | |
| Interest coverage | 16.5× | 15.1× | 2.3× | |
| Inventory turnover | 1.8× | 1.7× | 1.8× | |
| Capex to revenue | 4.3% | 3.9% | 3.0% | |
| Diluted shares | 373M | 368M | 365M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Estee Lauder Companies generated $10.18B from operations and spent $10.58B on capital expenditure, dividends and share buybacks. 38% of that went back into the business.
Generated
$10.18B
Used
$10.58B
Capital expenditure$4.02B38%Dividends$3.84B36%Share buybacks$2.72B26%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.8%
×Asset turnover0.92×
×Equity multiplier3.72×
=Return on equity, FY202016.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2020 | 4.8% | 0.92× | 3.72× | 16.4% |
| FY2019 | 12.0% | 1.16× | 2.83× | 39.3% |
| FY2018 | 8.1% | 1.13× | 2.66× | 24.4% |
| FY2017 | 10.6% | 1.14× | 2.61× | 31.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 6 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$1.77B
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$1.77B vs –
- Less leverageLong-term debt to assets fell36.8% → 34.4%
- Better liquidityCurrent ratio rose1.30 → 1.22
- No dilutionShare count did not rise360M → 365M
- Gross margin improvedGross margin up on the prior year73.97% → 75.50%
- More efficientAsset turnover rose0.66 → 0.76