The Estée Lauder Companies Inc. (EL) financials
NYSE · Consumer Defensive · Household & Personal Products · 41,800 employees · CEO Stephane de la Faverie
- Price
- $109.23 +0.39%
- Market cap
- $39.6B
- Enterprise value
- $45.3B
- Last report
- Q4 '26 filed 2026-08-19
- Next report
- 2026-11-02 EPS est. $0.51
Revenue (TTM)$15B+5.0% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)11.1%+12.9 pp vs a year agoOperating income $1.68B
Net income (TTM)$182M+116.1% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$1.32B+96.4% vs a year agoCapex $457M
Diluted EPS (TTM)$0.49+115.6% vs a year agoSum of the last 4 quarters
Net cash-$5.75B+12.2% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $39.6B EV $45.3B
- Revenue
- $15B Trailing 12 months
- Revenue growth
- +5% FY2027 consensus
- Profit margin
- 1.2% Net income / revenue, TTM
- P/E
- 214.2× Forward 32.9× (FY2027)
- P/S
- 2.6× Price / sales, TTM
- EV / EBITDA
- 27.5× TTM
- Free cash flow
- $1.32B Trailing 12 months
- Net income
- $182M Trailing 12 months
- Revenue estimate
- $15.7B FY2027 consensus
- Earnings
- 2026-11-02 Revenue est. $3.65B
- Dividend
- $1.40 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-08-19): revenue beat by 2.3%, EPS beat by 22.2%Revenue $3.63B vs $3.55B expected (+2.3%); EPS $0.39 vs $0.32 (+22.2%).
- Revenue growth accelerating: 6.3% year on yearQ4 '26 revenue $3.63B, against an average of 0.5% over the four quarters before.
- Operating margin 11.1% (TTM), +12.9 pp on a year agoOperating income grew 760.2% while revenue grew 5.0%.
- 224.4% of pre-tax profit is eaten by non-operating lossesPre-tax income $517M vs operating income $1.68B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
- Capex 3.0% of revenue (a year ago 4.2%)$457M invested in the last 4 quarters (-24.1% on a year earlier). Free cash flow $1.32B = 723.1% of net income.
- Returned $654M to shareholders = 49.7% of free cash flowBuybacks $146M (a year earlier $0), dividends $508M, stock-based pay $310M (TTM).
- Diluted share count up 0.7% in a year363M diluted shares in Q4 '26, 361M a year earlier.
- Net debt $5.75BCash + short-term investments $3.5B, debt incl. leases $9.25B; a year ago net debt $6.55B.
Last quarter: Q4 '26
Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q4 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $3.63B | $3.41B | +6.3% |
| Gross margin | 75.5% | 72.0% | +3.5 pp |
| Operating income | $254M | $141M | +80.1% |
| Operating margin | 7.0% | 4.1% | +2.9 pp |
| Net income | -$116M | -$546M | +78.8% |
| Diluted EPS | -$0.32 | -$1.51 | +78.8% |
| Operating cash flow | $576M | $601M | -4.2% |
| Capex | $151M | $207M | -27.1% |
| Free cash flow | $425M | $394M | +7.9% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $56M | $0 | – |
Reported vs consensus
2026-08-19| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $3.63B | $3.55B | +2.3% |
| EPS (as estimated) | $0.39 | $0.32 | +22.2% |
From the report of 2026-08-19 for Q4 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q4 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Skin Care | $1.85B | +8.7% | 51.2% | $7.34B | +5.4% | |
| Makeup | $1.01B | +2.9% | 27.9% | $4.28B | +1.7% | |
| Fragrance | $618M | +10.4% | 17.1% | $2.78B | +11.6% | |
| Hair Care | $140M | -0.7% | 3.9% | $565M | 0.0% |
Revenue by region
share of total| Segment | Q4 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Asia Pacific | $970M | -16.8% | 49.4% | $3.75B | -17.4% | |
| United States | $995M | +4.8% | 50.6% | $4.46B | +1.2% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $1.77B
- Capex
- -$457M
- Buybacks
- -$146M
- Dividends
- -$508M
- Acquisitions
- -$5M
- Net debt issued
- -$3M
- Stock-based compensation
- $310M
- Free cash flow
- $1.32B
- Returned to shareholders / FCF
- 49.7%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 214.2× | 90.7× 4 of 5 years | 38.4× – 157.9× |
| EV / EBITDA | 27.5× | 68.7× | 20.9× – 244.1× |
| EV / Sales | 3.0× | 3.6× | 2.3× – 5.4× |
| Price / FCF | 30.1× | 34.3× 4 of 5 years | 21.7× – 45.8× |
| Price / Book | 10.4× | 10.2× | 7.1× – 16.4× |
| FCF yield | 3.3% | 2.1% | -2.2% – 4.6% |
| Return on invested capital | 4.1% | 7.3% | 3.1% – 16.0% |
| Return on equity | 4.6% | 8.7% | -29.3% – 42.8% |
Analysts
Consensus target $108.69 (-0.5%)
range $86.00 – $125.00 · rating Hold
Strong buy1
Buy20
Hold21
Sell4
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $15.7B | +4.6% | $3.32 | +564.4% | 32.9× | 18 |
| FY2028 | $16.4B | +4.3% | $3.94 | +18.6% | 27.7× | 18 |
| FY2029 | $17.2B | +4.9% | $4.53 | +15.0% | 24.1× | 7 |
| FY2030 | $17.7B | +2.9% | $4.82 | +6.3% | 22.7× | 5 |
| FY2031 | $17.8B | +0.2% | $4.23 | -12.2% | 25.8× | 3 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 291 figures The Estée Lauder Companies Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| – | – | – | $25M | $0 | – | |
| – | – | – | 4.8% | 0.0% | – | |
| – | – | – | $18M | $27M | -33.3% | |
| – | – | – | $90M | $48M | +87.5% | |
| – | – | – | $5M | $5M | 0.0% | |
| Accounts Payable, Trade, Current | $1.58B | $1.5B | +5.4% | $1.58B | $1.5B | +5.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.52B | $1.53B | -0.8% | $1.52B | $1.53B | -0.8% |
| Accounts Receivable, Allowance for Credit Loss | $30M | $26M | +15.4% | $30M | $26M | +15.4% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $12M2026-03-31 | $0 | – | $1M2025-06-30 | $2M | -50.0% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $5M | -$1M | +600.0% | $20M | $11M | +81.8% |
| Accrued Income Taxes, Current | $205M | $282M | -27.3% | $205M | $282M | -27.3% |
| Accrued Marketing Costs, Current | $276M | $287M | -3.8% | $276M | $287M | -3.8% |
| Accrued Payroll Taxes | $328M | $307M | +6.8% | $328M | $307M | +6.8% |
| Accrued Salaries, Current | $697M | $551M | +26.5% | $697M | $551M | +26.5% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $4.86B | $4.55B | +6.7% | $4.86B | $4.55B | +6.7% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$1.15B | -$1.13B | -2.3% | -$1.15B | -$1.13B | -2.3% |
| Additional Paid in Capital, Common Stock | $7.38B | $7.01B | +5.2% | $7.38B | $7.01B | +5.2% |
| Amortization of Intangible Assets | $26M | $26M | 0.0% | $105M | $131M | -19.8% |
| Assets | $19.8B | $19.9B | -0.7% | $19.8B | $19.9B | -0.7% |
| Assets, Current | $7.61B | $7.07B | +7.7% | $7.61B | $7.07B | +7.7% |
| Assets, Fair Value Disclosure | $1.04B2026-03-31 | – | – | – | – | – |
| Capital Expenditures Incurred but Not yet Paid | $11M | $6M | +83.3% | $34M | $32M | +6.3% |
| Cash and Cash Equivalents, Fair Value Disclosure | $879M2026-03-31 | – | – | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $3.5B | $2.92B | +19.8% | $3.5B | $2.92B | +19.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $372M | $290M | +28.3% | $577M | -$474M | +221.7% |
| Common Stock, Dividends, Per Share, Declared | $0.35 | $0.35 | 0.0% | $1.40 | $1.71 | -18.1% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Value, Issued | $6M | $6M | 0.0% | $6M | $6M | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$113M | -$400M | +71.8% | $156M | -$1.12B | +113.9% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | – | – | – | $156M | -$1.12B | +113.9% |
| Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Change Due to Net Income Attributable to Parent and Effects of Changes, Net | – | – | – | $182M | -$1.13B | +116.1% |
| Contract with Customer, Liability | $490M | $533M | -8.1% | $490M | $533M | -8.1% |
| Contract with Customer, Liability, Current | $282M | $314M | -10.2% | $282M | $314M | -10.2% |
| Contract with Customer, Liability, Revenue Recognized | $551M | $581M | -5.2% | $292M | $288M | +1.4% |
| Contractual Obligation | $14.7B | $13.5B | +9.1% | $14.7B | $13.5B | +9.1% |
| Contractual Obligation, to be Paid, after Year Five | $6.79B | $7.22B | -5.9% | $6.79B | $7.22B | -5.9% |
| Contractual Obligation, to be Paid, Year Five | $1.07B | $1.6B | -33.2% | $1.07B | $1.6B | -33.2% |
| Contractual Obligation, to be Paid, Year Four | $1.87B | $264M | +606.8% | $1.87B | $264M | +606.8% |
| Contractual Obligation, to be Paid, Year One | $3.02B | $2.1B | +43.4% | $3.02B | $2.1B | +43.4% |
| Contractual Obligation, to be Paid, Year Three | $577M | $1.1B | -47.5% | $577M | $1.1B | -47.5% |
| Contractual Obligation, to be Paid, Year Two | $1.42B | $1.22B | +16.3% | $1.42B | $1.22B | +16.3% |
| Cost of Goods and Services Sold | $890M | $955M | -6.8% | $3.69B | $3.73B | -1.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $176M | $149M | +18.1% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $309M | $323M | -4.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $499M | $489M | +2.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $14M | $17M | -17.6% |
| Debt, Current | $503M | $3M | +16,666.7% | $503M | $3M | +16,666.7% |
| Debt, Long-term and Short-term, Combined Amount | $7.31B | $7.32B | -0.2% | $7.31B | $7.32B | -0.2% |
| Deferred Compensation Arrangement with Individual, Compensation Expense | – | – | – | -$3M2025-06-30 | -$14M | +78.6% |
| Deferred Compensation Arrangement with Individual, Recorded Liability | – | – | – | $41M2025-06-30 | $44M | -6.8% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$66M | -$235M | +71.9% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$83M | -$146M | +43.2% |
| Deferred Income Tax Expense (Benefit) | -$142M | -$62M | -129.0% | -$164M | -$396M | +58.6% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$15M | -$15M | 0.0% |
| Deferred Tax Assets, Gross | $2.23B | $2.22B | +0.3% | $2.23B | $2.22B | +0.3% |
| Deferred Tax Assets, in Process Research and Development | $283M | $276M | +2.5% | $283M | $276M | +2.5% |
| Deferred Tax Assets, Inventory | $94M | $101M | -6.9% | $94M | $101M | -6.9% |
| Deferred Tax Assets, Net | $1.03B | $913M | +12.4% | $1.03B | $913M | +12.4% |
| Deferred Tax Assets, Net of Valuation Allowance | $1.7B | $1.77B | -3.6% | $1.7B | $1.77B | -3.6% |
| Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $178M | $172M | +3.5% | $178M | $172M | +3.5% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-K 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-30, 10-K 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-30, 10-K 2024-06-30
Data as of 2026-11-02