ULNYSESoap, Detergents, Cleang Preparations, Perfumes, CosmeticsFiscal year ends December 31Also trades as UNLYF
UNILEVER PLC
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 12, 2026
$65.15−1.01 (-1.53%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
46.9%+3.5 pts over 5 years
Operating margin
17.9%+1.5 pts over 5 years
Net margin
18.7%+7.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -3.8% | -5.6% | -0.1% | -0.5% | |
| Gross profit | -3.2% | -0.6% | +1.5% | +0.5% | |
| Operating income | +2.4% | -5.6% | +1.7% | +1.9% | |
| Net income | +64.9% | +7.4% | +11.2% | +6.8% | |
| EPS, diluted | +67.4% | +13.1% | +15.3% | +9.6% | |
| Free cash flow | -14.8% | +6.0% | -3.3% | +2.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 39.2% | 53.3% | |
| Return on assets | – | 8.4% | 12.6% | |
| Current ratio | 0.68 | 0.78 | 0.79 | |
| Interest coverage | 13.4× | 11.4× | 8.8× | |
| Inventory turnover | – | 6.7× | 5.8× | |
| Capex to revenue | 3.4% | 1.7% | 2.8% | |
| Diluted shares | 2.85B | 2.63B | 2.20B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Unilever generated €42.55B from operations and spent €28.47B on capital expenditure, dividends and share buybacks. 23% of that went back into the business.
Generated
€42.55B
Used
€28.47B
Capital expenditure€6.56B23%Dividends€21.91B77%Share buybacks€00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.7%
×Asset turnover0.67×
×Equity multiplier4.23×
=Return on equity, FY202553.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 18.7% | 0.67× | 4.23× | 53.3% |
| FY2024 | 10.9% | 0.68× | 4.07× | 30.2% |
| FY2023 | 12.6% | 0.68× | 4.12× | 34.9% |
| FY2022 | 12.7% | 0.79× | 4.23× | 42.3% |
| FY2021 | 11.5% | 0.73× | 4.41× | 37.4% |
| FY2020 | 11.0% | 0.77× | 4.65× | 39.2% |
| FY2019 | 10.8% | 0.83× | 5.12× | 45.8% |
| FY2018 | 18.4% | 0.83× | 4.96× | 75.4% |
| FY2017 | 11.2% | 0.91× | 3.98× | 40.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero€9.47B
- Cash generatingOperating cash flow above zero€8.35B
- Return on assets improvedROA up on the prior year7.6% → 11.9%
- Earnings backed by cashOperating cash flow above net income€8.35B vs €9.47B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.76 → 0.79
- No dilutionShare count did not rise2.23B → 2.20B
- Gross margin improvedGross margin up on the prior year46.69% → 46.95%
- More efficientAsset turnover rose0.70 → 0.63