The Procter & Gamble Company (PG)财务
NYSE · Consumer Defensive · Household & Personal Products · 员工104,000人 · CEO Shailesh G. Jejurikar
- 股价
- $161.57 +0.61%
- 市值
- $3740亿
- 企业价值
- $3980亿
- 最近财报
- Q1 '27 2026-10-22提交
- 下次财报
- 2027-01-21 EPS预期 $1.81
营收(TTM)$879亿+3.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)22.6%-1.6 百分点 对比去年同期营业利润 $198亿
净利润(TTM)$160亿-4.4% 对比去年同期税后,含营业外收益
自由现金流(TTM)$153亿+2.7% 对比去年同期资本支出 $45.8亿
稀释EPS(TTM)$6.64-3.1% 对比去年同期最近4个季度之和
净现金-$236亿+4.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $3740亿 EV $3980亿
- 营收
- $879亿 过去12个月
- 营收增速
- +3% FY2027年一致预期
- 净利润率
- 18.2% 净利润 / 营收,TTM
- P/E
- 23.9× 预期 23.2×(FY2027)
- P/S
- 4.3× 股价 / 营收,TTM
- EV / EBITDA
- 16.3× TTM
- 自由现金流
- $153亿 过去12个月
- 净利润
- $160亿 过去12个月
- 营收预期
- $899亿 FY2027年一致预期
- 盈利
- 2027-01-21 营收预期 $229亿
- 股息
- $4.32 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-22):营收超预期2.1%,EPS 超预期6.4%营收$233亿,预期$228亿(+2.1%);EPS $2.00,预期$1.88(+6.4%)。
- 营收增长平稳:同比4.0%Q1 '27营收$233亿,此前四个季度的平均值为3.3%。
- 营业利润率22.6%(TTM),较去年同期-1.6 百分点营收增长3.5%,营业利润增长-3.3%。
- 资本支出占营收的5.2%(去年为4.7%)最近4个季度投入$45.8亿(同比+14.9%)。自由现金流$153亿,相当于净利润的95.7%。
- 股东回报$153亿 = 自由现金流的99.8%回购$50.3亿(去年为$58.1亿),股息$103亿,股权激励$5.01亿(TTM)。
- 稀释股数一年内减少1.2%Q1 '27稀释股数24.1亿,一年前为24.4亿。
- 净债务 $236亿现金 + 短期投资 $154亿,含租赁债务 $389亿;一年前净债务 $248亿。
上一季度:Q1 '27
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q1 '27 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $233亿 | $224亿 | +4.0% |
| 毛利率 | 49.8% | 51.4% | -1.5 百分点 |
| 营业利润 | $59.4亿 | $58.6亿 | +1.4% |
| 营业利润率 | 25.5% | 26.2% | -0.7 百分点 |
| 净利润 | $47.3亿 | $47.5亿 | -0.4% |
| 稀释EPS | $1.97 | $1.95 | +1.0% |
| 经营现金流 | $57.7亿 | $54.1亿 | +6.6% |
| 资本支出 | $13.7亿 | $12亿 | +13.8% |
| 自由现金流 | $44亿 | $42.1亿 | +4.6% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $9800万 | $1.21亿 | -19.0% |
实际 vs 一致预期
2026-10-22| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $233亿 | $228亿 | +2.1% |
| EPS(一致预期口径) | $2.00 | $1.88 | +6.4% |
来自2026-10-22发布的Q1 '27财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q1 '27 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Fabric Care And Home Care Segment Member | $82亿 | +5.3% | 35.4% | $307亿 | +3.5% | |
| Baby, Feminine and Family Care Segment Member | $53.2亿 | +2.9% | 23.0% | $206亿 | +1.2% | |
| Beauty Segment | $44.1亿 | +6.4% | 19.1% | $163亿 | +7.1% | |
| Health Care Segment Member | $33.2亿 | +3.0% | 14.3% | $126亿 | +4.0% | |
| Grooming Segment Member | $18.9亿 | +4.0% | 8.2% | $69.9亿 | +3.5% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $199亿
- 资本支出
- -$45.8亿
- 股票回购
- -$50.3亿
- 股息
- -$103亿
- 收购
- -$7200万
- 债务净发行
- $33.2亿
- 股权激励费用
- $5.01亿
- 自由现金流
- $153亿
- 股东回报 / FCF
- 99.8%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 23.9× | 24.2× | 21.7× – 26.3× |
| EV / EBITDA | 16.3× | 17.3× | 15.6× – 18.1× |
| EV / 营收 | 4.5× | 4.7× | 4.4× – 4.9× |
| 股价 / FCF | 24.4× | 25.3× | 23.2× – 27.8× |
| 股价 / 净资产 | 7.1× | 7.4× | 6.5× – 7.7× |
| FCF收益率 | 4.1% | 4.0% | 3.6% – 4.3% |
| 投入资本回报率 | 14.9% | 15.7% | 15.2% – 16.5% |
| 净资产收益率 | 29.5% | 30.6% | 29.5% – 31.6% |
分析师
一致目标价 $166.78 (+3.2%)
区间 $149.00 – $190.00 · 评级 Buy
强烈买入0
买入29
持有23
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $899亿 | +3.3% | $6.98 | +5.4% | 23.2× | 13 |
| FY2028 | $927亿 | +3.1% | $7.40 | +6.1% | 21.8× | 13 |
| FY2029 | $960亿 | +3.6% | $7.85 | +6.0% | 20.6× | 5 |
| FY2030 | $995亿 | +3.6% | $8.09 | +3.1% | 20.0× | 3 |
| FY2031 | $1000亿 | +0.9% | $7.69 | -4.9% | 21.0× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
The Procter & Gamble Company在近期10-Q / 10-K文件中标记的全部287项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| – | – | – | $4100万 | -$200万 | +2,150.0% | |
| – | – | – | 0.2% | 0.0% | – | |
| – | – | – | $2.35亿 | $1.63亿 | +44.2% | |
| – | – | – | $30.6亿 | $29.9亿 | +2.1% | |
| – | – | – | $12.6亿 | $11.9亿 | +5.9% | |
| – | – | – | $3.65亿 | $3.73亿 | -2.1% | |
| Accounts Payable, Current | $171亿 | $156亿 | +9.3% | $163亿 | $152亿 | +7.1% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $66.2亿 | $64.9亿 | +2.1% | $60.6亿 | $61.9亿 | -2.1% |
| Accrued Liabilities, Current | $109亿 | $108亿 | +1.4% | $111亿 | $113亿 | -2.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $318亿2026-06-30 | $303亿 | +5.0% | $318亿 | $303亿 | +5.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$127亿 | -$122亿 | -4.1% | -$125亿 | -$121亿 | -2.7% |
| Additional Paid in Capital | $697亿 | $689亿 | +1.1% | $695亿 | $688亿 | +1.1% |
| Advertising Expense | – | – | – | $102亿 | $92亿 | +10.9% |
| Amortization of Intangible Assets | $7500万 | $7900万 | -5.1% | $3.08亿 | $3.2亿 | -3.7% |
| Assets | $1330亿 | $1280亿 | +4.3% | $1270亿 | $1250亿 | +1.0% |
| Assets, Current | $325亿 | $271亿 | +19.9% | $262亿 | $254亿 | +3.2% |
| Cash Equivalents, at Carrying Value | $137亿 | $99亿 | +38.4% | $87亿 | $83亿 | +4.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $154亿 | $112亿 | +37.5% | $99.4亿 | $95.6亿 | +4.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $54.2亿 | $16.2亿 | +235.8% | $3.86亿 | $7500万 | +414.7% |
| Collateral Already Posted, Aggregate Fair Value | $2.79亿 | $7.72亿 | -63.9% | $2.6亿 | $11亿 | -76.4% |
| Commercial Paper | $48.4亿2026-06-30 | $41.1亿 | +17.7% | $48.4亿 | $41.1亿 | +17.7% |
| Common Stock, Dividends, Per Share, Declared | $1.09 | $1.06 | +3.0% | $4.26 | $4.08 | +4.5% |
| Common Stock, Par or Stated Value Per Share | $1.002026-06-30 | $1.00 | 0.0% | $1.00 | $1.00 | 0.0% |
| Common Stock, Shares Authorized | 100亿2026-06-30 | 100亿 | 0.0% | 100亿 | 100亿 | 0.0% |
| Common Stock, Shares, Issued | 40.1亿 | 40.1亿 | 0.0% | 40.1亿 | 40.1亿 | 0.0% |
| Common Stock, Value, Issued | $40.1亿 | $40.1亿 | 0.0% | $40.1亿 | $40.1亿 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $2400万 | $2400万 | 0.0% | $7700万 | $8700万 | -11.5% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $45.4亿 | $47.4亿 | -4.1% | $157亿 | $157亿 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $45.7亿 | $47.6亿 | -4.1% | $158亿 | $158亿 | -0.1% |
| Cost of Goods and Services Sold | $117亿 | $109亿 | +7.3% | $434亿 | $412亿 | +5.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | $21.1亿 | $22.2亿 | -5.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $17亿 | $13.3亿 | +27.8% |
| Current Income Tax Expense (Benefit) | – | – | – | $41.8亿 | $39.5亿 | +5.8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $3.78亿 | $4.07亿 | -7.1% |
| Debt, Current | $170亿 | $116亿 | +46.4% | $113亿 | $95.1亿 | +18.7% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$2700万 | $900万 | -400.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $9800万 | $1.46亿 | -32.9% |
| Deferred Income Tax Expense (Benefit) | $1.15亿 | $5300万 | +117.0% | $5100万 | $1.49亿 | -65.8% |
| Deferred Income Tax Liabilities, Net | $59.5亿 | $58.9亿 | +1.0% | $57.6亿 | $57.7亿 | -0.2% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$2100万 | -$500万 | -320.0% |
| Deferred Tax Assets, Net of Valuation Allowance | $49.3亿2026-06-30 | $49.2亿 | +0.2% | $49.3亿 | $49.2亿 | +0.2% |
| Deferred Tax Assets, Other | $8.32亿2026-06-30 | $7.58亿 | +9.8% | $8.32亿 | $7.58亿 | +9.8% |
| Deferred Tax Assets, Other Tax Carryforwards | $7.69亿2026-06-30 | $8.57亿 | -10.3% | $7.69亿 | $8.57亿 | -10.3% |
| Deferred Tax Assets, Property, Plant and Equipment | $2.66亿2026-06-30 | $2.3亿 | +15.7% | $2.66亿 | $2.3亿 | +15.7% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $4.66亿2026-06-30 | $4.45亿 | +4.7% | $4.66亿 | $4.45亿 | +4.7% |
| Deferred Tax Assets, Unrealized Losses on Trading Securities | $1.44亿2026-06-30 | $3.58亿 | -59.8% | $1.44亿 | $3.58亿 | -59.8% |
| Deferred Tax Assets, Valuation Allowance | $3.3亿2026-06-30 | $2.93亿 | +12.6% | $3.3亿 | $2.93亿 | +12.6% |
| Deferred Tax Liabilities, Goodwill and Intangible Assets | $54.4亿2026-06-30 | $54.8亿 | -0.6% | $54.4亿 | $54.8亿 | -0.6% |
| Deferred Tax Liabilities, Leasing Arrangements | $1.94亿2026-06-30 | $2.09亿 | -7.2% | $1.94亿 | $2.09亿 | -7.2% |
| Deferred Tax Liabilities, Net | $91.1亿2026-06-30 | $90.5亿 | +0.6% | $91.1亿 | $90.5亿 | +0.6% |
| Deferred Tax Liabilities, Other | $6.3亿2026-06-30 | $4.92亿 | +28.0% | $6.3亿 | $4.92亿 | +28.0% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $16.1亿2026-06-30 | $15.5亿 | +3.8% | $16.1亿 | $15.5亿 | +3.8% |
| Deferred Tax Liabilities, Undistributed Foreign Earnings | $1.58亿2026-06-30 | $1.31亿 | +20.6% | $1.58亿 | $1.31亿 | +20.6% |
| Deferred Tax Liabilities, Unrealized Gains on Trading Securities | $1.87亿2026-06-30 | $9600万 | +94.8% | $1.87亿 | $9600万 | +94.8% |
| Defined Benefit Plan, Accumulated Benefit Obligation | $118亿2026-06-30 | $125亿 | -5.6% | $118亿 | $125亿 | -5.6% |
| Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Plan Assets | $50.9亿2026-06-30 | $50.7亿 | +0.4% | $50.9亿 | $50.7亿 | +0.4% |
| Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation | $73.8亿2026-06-30 | $81.8亿 | -9.7% | $73.8亿 | $81.8亿 | -9.7% |
| Defined Contribution Plan, Cost | – | – | – | $5.34亿 | $5.34亿 | 0.0% |
| Depreciation, Depletion and Amortization | $8.1亿 | $7.61亿 | +6.4% | $31.6亿 | $28.5亿 | +11.0% |
| Derivative Asset | $2.23亿 | $1100万 | +1,927.3% | $1.76亿 | $1900万 | +826.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 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
数据截至 2026-11-01