Estee Lauder Companies
EL · NYSEPerfumes, Cosmetics & Other Toilet Preparations · Fiscal year ends Jun 30
Estee Lauder Companies reported revenue of $15B in the fiscal year ended Jun 2026, up 5.0% from the year before. Operating income was $780M, an operating margin of 5.2%, and net income was $182M. Operating cash flow of $1.8B less capital expenditure of $457M left free cash flow of $1.3B. Net debt was $3.8B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | $17.7B | $15.9B | $15.6B | $14.3B | $15B |
| Cost of revenue | $4.3B | $4.6B | $4.4B | $3.7B | $3.7B |
| Gross profit | $13.4B | $11.3B | $11.2B | $10.6B | $11.4B |
| Selling, general & admin | $9.9B | $9.6B | $9.6B | $9.5B | $9.7B |
| Operating income | $3.2B | $1.5B | $970M | −$785M | $780M |
| Interest expense | $167M | $255M | $378M | $357M | $334M |
| Pre-tax income | $3B | $1.4B | $772M | −$1B | $517M |
| Income tax | $628M | $387M | $363M | $93M | $335M |
| Net income | $2.4B | $1B | $409M | −$1.1B | $182M |
| Diluted EPS | 6.55 | 2.79 | 1.08 | −3.15 | 0.50 |
| Diluted shares | 365M | 361M | 361M | 360M | 365M |
Balance sheet
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $4B | $4B | $3.4B | $2.9B | $3.5B |
| Receivables | $1.6B | $1.5B | $1.7B | $1.5B | $1.5B |
| Inventory | $2.9B | $3B | $2.2B | $2.1B | $2B |
| Current assets | $9.3B | $9.1B | $7.9B | $7.1B | $7.6B |
| Net PP&E | $2.7B | $3.2B | $3.1B | $3.2B | $2.8B |
| Goodwill | $2.5B | $2.5B | $2.1B | $2.1B | $2.1B |
| Total assets | $20.9B | $23.4B | $21.7B | $19.9B | $19.8B |
| Deferred revenue | $312M | $323M | $327M | $314M | $282M |
| Current liabilities | $5.8B | $6.2B | $5.7B | $5.4B | $6.2B |
| Short-term debt | $268M | $997M | $504M | $3M | $503M |
| Long-term debt | $5.1B | $7.1B | $7.3B | $7.3B | $6.8B |
| Shareholders' equity | $5.6B | $5.6B | $5.3B | $3.9B | $3.8B |
| Backlog (remaining obligations) | – | – | – | – | $756M |
Cash flow
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $3B | $1.7B | $2.4B | $1.3B | $1.8B |
| Capital expenditure | $1B | $1B | $919M | $602M | $457M |
| Free cash flow | $2B | $728M | $1.4B | $670M | $1.3B |
| Depreciation & amortisation | $727M | $744M | $825M | $829M | $796M |
| Stock-based compensation | $331M | $267M | $325M | $304M | $310M |
| Acquisitions | $3M | $0 | $0 | $0 | $5M |
| Share buybacks | $2.3B | $271M | $35M | $35M | $70M |
| Dividends paid | $840M | $925M | $947M | $618M | $508M |
| Dividend per share | 2.33 | 2.58 | 2.64 | 1.71 | 1.40 |
Key ratios
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −10.3% | −1.9% | −8.2% | 5.0% |
| Operating income growth (YoY) | – | −52.4% | −35.7% | −180.9% | – |
| EPS growth (YoY) | – | −57.4% | −61.3% | −391.7% | – |
| Gross margin | 75.7% | 71.3% | 71.7% | 74.0% | 75.5% |
| Operating margin | 17.9% | 9.5% | 6.2% | −5.5% | 5.2% |
| Net margin | 13.6% | 6.3% | 2.6% | −7.9% | 1.2% |
| Return on equityBlank when equity is negative | 43.1% | 18.1% | 7.7% | −29.3% | 4.8% |
| ROCEEBIT ÷ (assets − current liabilities) | 21.0% | 8.8% | 6.1% | −5.4% | 5.8% |
| Free cash flow margin | 11.3% | 4.6% | 9.2% | 4.7% | 8.7% |
| Cash conversion (CFO ÷ net income) | 1.26x | 1.71x | 5.77x | −1.12x | 9.74x |
| Receivable days | 34 | 33 | 40 | 39 | 37 |
| Inventory days | 248 | 238 | 179 | 203 | 198 |
| Interest cover | 19.0x | 5.92x | 2.57x | −2.20x | 2.34x |
| Debt ÷ equity | 0.97x | 1.45x | 1.46x | 1.89x | 1.92x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $1.5B | $4.1B | $4.4B | $4.4B | $3.8B |
| Current ratio | 1.60x | 1.46x | 1.39x | 1.30x | 1.22x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.