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Kenvue Inc.

EDGAR
KVUE Current report (8-K) · filed 2026-10-30

Annual consolidated revenue for 2025: about USD 15.12B, using the latest reported figures. The previous period, 2024, was about USD 15.46B.

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Watchlist

Latest quarter

Revenue

3.89 billion USD

2026-09-27 · USD

Exact inputs and evidence
  • Revenue: 3886000000 USD Source

Operating margin

18.17%

2026-09-27 · %

Exact inputs and evidence
  • Operating Income: 706000000 USD Source
  • Revenue: 3886000000 USD Source

Operating cash flow

700 million USD

2026-09-27 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1877000000 USD Source
  • Operating Cash Flow: 1177000000 USD Source

Free cash flow

620 million USD

2026-09-27 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1877000000 USD Source
  • Operating Cash Flow: 1177000000 USD Source
  • Capital Expenditure: 283000000 USD Source
  • Capital Expenditure: 203000000 USD Source
Cash and cash equivalents
1.04 billion USD Source
Exact value

1039000000 USD

Long-term debt including current maturities
7.69 billion USD Source
Exact value

7687000000 USD

Shares outstanding
1.92 billion shares Source
Exact value

1920879688 shares

Reported share-count change

0.27% · 5.15 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 1915731292 shares · 2025-09-28· Source
  • 1920879688 shares · 2026-09-27· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

15.5 billion USD

2025-09-29 – 2026-09-27

Exact inputs and evidence
  • Revenue: 15124000000 USD · 2024-12-30 – 2025-12-28 Source
  • Revenue: 11344000000 USD · 2024-12-30 – 2025-09-28 Source
  • Revenue: 3909000000 USD · 2025-12-29 – 2026-03-29 Source
  • Revenue: 3955000000 USD · 2026-03-30 – 2026-06-28 Source
  • Revenue: 3886000000 USD · 2026-06-29 – 2026-09-27 Source

Net income

1.69 billion USD

2025-09-29 – 2026-09-27

Exact inputs and evidence
  • Net income: 1470000000 USD · 2024-12-30 – 2025-12-28 Source
  • Net income: 1140000000 USD · 2024-12-30 – 2025-09-28 Source
  • Net income: 474000000 USD · 2025-12-29 – 2026-03-29 Source
  • Net income: 456000000 USD · 2026-03-30 – 2026-06-28 Source
  • Net income: 430000000 USD · 2026-06-29 – 2026-09-27 Source

Operating cash flow

2.73 billion USD

2025-09-29 – 2026-09-27

Exact inputs and evidence
  • Operating cash flow: 2197000000 USD · 2024-12-30 – 2025-12-28 Source
  • Operating cash flow: 1343000000 USD · 2024-12-30 – 2025-09-28 Source
  • Operating cash flow: 489000000 USD · 2025-12-29 – 2026-03-29 Source
  • Operating cash flow: 1177000000 USD · 2025-12-29 – 2026-06-28 Source
  • Operating cash flow: 489000000 USD · 2025-12-29 – 2026-03-29 Source
  • Operating cash flow: 1877000000 USD · 2025-12-29 – 2026-09-27 Source
  • Operating cash flow: 1177000000 USD · 2025-12-29 – 2026-06-28 Source

Capital expenditure

393 million USD

2025-09-29 – 2026-09-27

Exact inputs and evidence
  • Capital expenditure: 475000000 USD · 2024-12-30 – 2025-12-28 Source
  • Capital expenditure: 365000000 USD · 2024-12-30 – 2025-09-28 Source
  • Capital expenditure: 139000000 USD · 2025-12-29 – 2026-03-29 Source
  • Capital expenditure: 203000000 USD · 2025-12-29 – 2026-06-28 Source
  • Capital expenditure: 139000000 USD · 2025-12-29 – 2026-03-29 Source
  • Capital expenditure: 283000000 USD · 2025-12-29 – 2026-09-27 Source
  • Capital expenditure: 203000000 USD · 2025-12-29 – 2026-06-28 Source

Free cash flow

2.34 billion USD

2025-09-29 – 2026-09-27

Exact inputs and evidence
  • Operating cash flow: 2197000000 USD · 2024-12-30 – 2025-12-28 Source
  • Operating cash flow: 1343000000 USD · 2024-12-30 – 2025-09-28 Source
  • Operating cash flow: 489000000 USD · 2025-12-29 – 2026-03-29 Source
  • Operating cash flow: 1177000000 USD · 2025-12-29 – 2026-06-28 Source
  • Operating cash flow: 489000000 USD · 2025-12-29 – 2026-03-29 Source
  • Operating cash flow: 1877000000 USD · 2025-12-29 – 2026-09-27 Source
  • Operating cash flow: 1177000000 USD · 2025-12-29 – 2026-06-28 Source
  • Capital expenditure: 475000000 USD · 2024-12-30 – 2025-12-28 Source
  • Capital expenditure: 365000000 USD · 2024-12-30 – 2025-09-28 Source
  • Capital expenditure: 139000000 USD · 2025-12-29 – 2026-03-29 Source
  • Capital expenditure: 203000000 USD · 2025-12-29 – 2026-06-28 Source
  • Capital expenditure: 139000000 USD · 2025-12-29 – 2026-03-29 Source
  • Capital expenditure: 283000000 USD · 2025-12-29 – 2026-09-27 Source
  • Capital expenditure: 203000000 USD · 2025-12-29 – 2026-06-28 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-28.

Coverage by financial measure
  • Revenue: 6 of 11 periods available· newest 2025-12-28
  • Operating income: 6 of 11 periods available· newest 2025-12-28
  • Net income: 6 of 11 periods available· newest 2025-12-28
  • Operating cash flow: 6 of 11 periods available· newest 2025-12-28
  • Capital expenditure: 6 of 11 periods available· newest 2025-12-28
  • Total assets: 5 of 11 periods available· newest 2025-12-28
  • Total liabilities: 5 of 11 periods available· newest 2025-12-28
  • Current assets: 5 of 11 periods available· newest 2025-12-28
  • Current liabilities: 5 of 11 periods available· newest 2025-12-28
  • Cash and cash equivalents: 5 of 11 periods available· newest 2025-12-28
  • Long-term debt including current maturities: 2 of 11 periods available· newest 2023-12-31
  • Shares outstanding: 4 of 11 periods available· newest 2025-12-28

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -2.1%

    Prior period

    USD 15.46 billion

    –

    Current period

    USD 15.12 billion

    –

    Exact inputs and evidence

    15124000000 − 15455000000 = -331000000 USD

    15455000000 USD · 2024-01-01 – 2024-12-29

    Inspect prior input Prior source

    15124000000 USD · 2024-12-30 – 2025-12-28

    Inspect current input Current source
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  • Net income

    +42.7%

    Prior period

    USD 1.03 billion

    –

    Current period

    USD 1.47 billion

    –

    Exact inputs and evidence

    1470000000 − 1030000000 = 440000000 USD

    1030000000 USD · 2024-01-01 – 2024-12-29

    Inspect prior input Prior source

    1470000000 USD · 2024-12-30 – 2025-12-28

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  • Operating cash flow

    +24.2%

    Prior period

    USD 1.77 billion

    –

    Current period

    USD 2.2 billion

    –

    Exact inputs and evidence

    2197000000 − 1769000000 = 428000000 USD

    1769000000 USD · 2024-01-01 – 2024-12-29

    Inspect prior input Prior source

    2197000000 USD · 2024-12-30 – 2025-12-28

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  • Capital expenditure

    +9.4%

    Prior period

    USD 434 million

    –

    Current period

    USD 475 million

    –

    Exact inputs and evidence

    475000000 − 434000000 = 41000000 USD

    434000000 USD · 2024-01-01 – 2024-12-29

    Inspect prior input Prior source

    475000000 USD · 2024-12-30 – 2025-12-28

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2024-12-30 – 2025-12-28

  • Revenue USD 15.12 billion 100% of revenue
  • Cost of revenue USD 6.33 billion 42% of revenue
  • Operating expenses USD 6.47 billion 43% of revenue
  • Other operating costs Derived −USD 92 million −0.6% of revenue
  • Operating income USD 2.41 billion 16% of revenue
  • Tax, interest and other Derived USD 944 million 6.2% of revenue
  • Net income USD 1.47 billion 9.7% of revenue

Cash

  • Operating cash flow USD 2.2 billion 15% of revenue
  • Capital expenditure USD 475 million 3.1% of revenue
  • Free cash flow Derived USD 1.72 billion 11% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 Operating loss: operating costs were 107% of revenue.
  • 2021 14%81%
  • 2022 14%82%
  • 2023 11%84%
  • 2024 88%
  • 2025 9.7%84%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2019-12-30 – 2021-01-0314467000000 15446000000 Derived -979000000 -100000000 Derived -879000000 3168000000 Derived
Source
2021 2021-01-04 – 2022-01-0215054000000 12134000000 Derived 2920000000 842000000 Derived 2078000000 39000000 Derived
Source
2022 2022-01-03 – 2023-01-0114950000000 12275000000 Derived 2675000000 611000000 Derived 2064000000 2150000000 Derived
Source
2023 2023-01-02 – 2023-12-3115444000000 12932000000 Derived 2512000000 848000000 Derived 1664000000 2699000000 Derived
Source
2024 2024-01-01 – 2024-12-2915455000000 13614000000 Derived 1841000000 811000000 Derived 1030000000 1335000000 Derived
Source
2025 2024-12-30 – 2025-12-2815124000000 12710000000 Derived 2414000000 944000000 Derived 1470000000 1722000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 15.1B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.16.7B12.5B8.3B4.2B0.0202020232025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Revenue14467000000
2021Revenue15054000000
2022Revenue14950000000
2023Revenue15444000000
2024Revenue15455000000
2025Revenue15124000000

Revenue growth

Change in revenue from the same financial period one year earlier.

-2.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.6%2.8%1.0%-0.8%-2.6%202020232025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2021Year over year4.1%
2022Year over year-0.7%
2023Year over year3.3%
2024Year over year0.1%
2025Year over year-2.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 16% 2025
Net margin 9.7% 2025
Free cash flow margin 11.4% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.24.2%15.9%7.6%-0.7%-9.1%202020232025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020Operating margin-6.8%
2021Operating margin19.4%
2022Operating margin17.9%
2023Operating margin16.3%
2024Operating margin11.9%
2025Operating margin16%
2020Net margin-6.1%
2021Net margin13.8%
2022Net margin13.8%
2023Net margin10.8%
2024Net margin6.7%
2025Net margin9.7%
2020Free cash flow margin21.9%
2021Free cash flow margin0.3%
2022Free cash flow margin14.4%
2023Free cash flow margin17.5%
2024Free cash flow margin8.6%
2025Free cash flow margin11.4%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 2.2B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.7B2.8B1.8B917.2M0.0202020232025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Operating cash flow3397000000
2021Operating cash flow334000000
2022Operating cash flow2525000000
2023Operating cash flow3168000000
2024Operating cash flow1769000000
2025Operating cash flow2197000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 1.7B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.4B2.6B1.7B855.4M0.0202020232025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Free cash flow3168000000
2021Free cash flow39000000
2022Free cash flow2150000000
2023Free cash flow2699000000
2024Free cash flow1335000000
2025Free cash flow1722000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

60.2% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.67%50%34%17%0%2021-01-0320232025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2021-01-03Liabilities / assetsNot reportedNo source recorded
2021Liabilities / assets27%
2022Liabilities / assets26.9%
2023Liabilities / assets59.7%
2024Liabilities / assets62.2%
2025Liabilities / assets60.2%

Current assets to current liabilities

Current assets divided by current liabilities.

0.96× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.62×1.21×0.81×0.40×0.00×2021-01-0320232025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2021-01-03Current assets / current liabilitiesNot reportedNo source recorded
2021Current assets / current liabilities1.22×
2022Current assets / current liabilities1.5×
2023Current assets / current liabilities1.12×
2024Current assets / current liabilities0.96×
2025Current assets / current liabilities0.96×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2020 2019-12-30 – 2021-01-03
−USD 879 million
Exact value

Exact value: -879000000 USD

2019-12-30 – 2021-01-03: -879000000 USD Inspect Net Income Open source
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USD 3.4 billion
Exact value

Exact value: 3397000000 USD

2019-12-30 – 2021-01-03: 3397000000 USD Inspect Operating Cash Flow Open source
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USD 229 million
Exact value

Exact value: 229000000 USD

2019-12-30 – 2021-01-03: 229000000 USD Inspect Capital Expenditure Open source
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USD 3.17 billion
Calculation and evidence

3397000000 − 229000000 USD

Exact free cash flow: 3168000000 USD

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2021 2021-01-04 – 2022-01-02
USD 2.08 billion
Exact value

Exact value: 2078000000 USD

2021-01-04 – 2022-01-02: 2078000000 USD Inspect Net Income Open source
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USD 334 million
Exact value

Exact value: 334000000 USD

2021-01-04 – 2022-01-02: 334000000 USD Inspect Operating Cash Flow Open source
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USD 295 million
Exact value

Exact value: 295000000 USD

2021-01-04 – 2022-01-02: 295000000 USD Inspect Capital Expenditure Open source
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USD 39 million
Calculation and evidence

334000000 − 295000000 USD

Exact free cash flow: 39000000 USD

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2022 2022-01-03 – 2023-01-01
USD 2.06 billion
Exact value

Exact value: 2064000000 USD

2022-01-03 – 2023-01-01: 2064000000 USD Inspect Net Income Open source
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USD 2.53 billion
Exact value

Exact value: 2525000000 USD

2022-01-03 – 2023-01-01: 2525000000 USD Inspect Operating Cash Flow Open source
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USD 375 million
Exact value

Exact value: 375000000 USD

2022-01-03 – 2023-01-01: 375000000 USD Inspect Capital Expenditure Open source
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USD 2.15 billion
Calculation and evidence

2525000000 − 375000000 USD

Exact free cash flow: 2150000000 USD

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2023 2023-01-02 – 2023-12-31
USD 1.66 billion
Exact value

Exact value: 1664000000 USD

2023-01-02 – 2023-12-31: 1664000000 USD Inspect Net Income Open source
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USD 3.17 billion
Exact value

Exact value: 3168000000 USD

2023-01-02 – 2023-12-31: 3168000000 USD Inspect Operating Cash Flow Open source
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USD 469 million
Exact value

Exact value: 469000000 USD

2023-01-02 – 2023-12-31: 469000000 USD Inspect Capital Expenditure Open source
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USD 2.7 billion
Calculation and evidence

3168000000 − 469000000 USD

Exact free cash flow: 2699000000 USD

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2024 2024-01-01 – 2024-12-29
USD 1.03 billion
Exact value

Exact value: 1030000000 USD

2024-01-01 – 2024-12-29: 1030000000 USD Inspect Net Income Open source
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USD 1.77 billion
Exact value

Exact value: 1769000000 USD

2024-01-01 – 2024-12-29: 1769000000 USD Inspect Operating Cash Flow Open source
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USD 434 million
Exact value

Exact value: 434000000 USD

2024-01-01 – 2024-12-29: 434000000 USD Inspect Capital Expenditure Open source
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USD 1.34 billion
Calculation and evidence

1769000000 − 434000000 USD

Exact free cash flow: 1335000000 USD

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2025 2024-12-30 – 2025-12-28
USD 1.47 billion
Exact value

Exact value: 1470000000 USD

2024-12-30 – 2025-12-28: 1470000000 USD Inspect Net Income Open source
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USD 2.2 billion
Exact value

Exact value: 2197000000 USD

2024-12-30 – 2025-12-28: 2197000000 USD Inspect Operating Cash Flow Open source
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USD 475 million
Exact value

Exact value: 475000000 USD

2024-12-30 – 2025-12-28: 475000000 USD Inspect Capital Expenditure Open source
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USD 1.72 billion
Calculation and evidence

2197000000 − 475000000 USD

Exact free cash flow: 1722000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

37 filings · 2,118 latest values · 2,118 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001944048, 1944048, KVUE, edgar:1944048

Also known as JNTL, Inc., Kenvue Inc.