Consumer Defensive

90 companies in 10 industries · $2.66T combined revenue · $194B operating profit

3.6%Median revenue growth
2.5%Median earnings growth
9.6%Median operating margin
12.1%Median ROCE
12%Companies with net cash

Growth engines: the 4 Cylinders

All four working: 0% of companies

A company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.

  • Sales growth · Revenue up 10% or more19%
  • Operating leverage · Operating income growing faster than a growing revenue35%
  • Margin expansion · Operating margin up 1 point or more28%
  • Debt reduction · Debt down 5% or more, or net cash36%

Industries in Consumer Defensive

All 90 consumer defensive companies

Median–3.6%2.5%9.6%12.1%0.74x
WMTWalmart · Discount stores$706B4.7%▲12.6%▲4.2%▼16.8%▲0.38x▲
COSTCostco Wholesale · Discount stores$303B10.1%▲13.9%▲3.9%▼25.9%▲0.17x▲
KOCoca Cola · Beverages - Non-alcoholic$47.9B1.9%▼23.3%▲28.7%▲16.5%▲1.36x▼
PGProcter & Gamble · Household & personal products$87.0B3.3%▼0.5%▼22.7%▲22.5%▲0.54x▲
PMPhilip Morris International · Tobacco$40.6B7.3%▲60.8%▲36.6%▲34%▲–
PEPPepsico · Beverages - Non-alcoholic$93.9B2.3%▼-14%▼12.2%▲15.4%▲2.41x▼
BUDAnheuser-Busch InBev · Beverages - Alcoholic$59.3B-0.7%▼14.3%▲26%▲8.4%▼0.84x▼
ULUnilever · Household & personal productsEUR 50.5B-3.8%▼57.2%▲17.9%▲18.5%▲1.68x▼
MOAltria · Tobacco$23.3B-3.1%▼-38.3%▼42.5%▲38.3%▲–
BTIBritish American Tobacco p.l.c. · TobaccoGBP 25.6B-1%▼144%▲39%▲10.5%▼0.76x▼
MNSTMonster Beverage · Beverages - Non-alcoholic$8.3B10.7%▲26.3%▲29.2%▲28.3%▲–
ECLEcolab · Household & personal products$16.1B2.2%▼-1.7%▼17%▲14.3%▲0.83x▼
MDLZMondelez International · Packaged foods$38.5B5.8%▲-46.8%▼9.2%▼7.1%▼0.77x▼
CLColgate Palmolive · Household & personal products$20.4B1.4%▼-26.2%▼16.2%▲34.9%▲148x▼
TGTTarget · Discount stores$105B-1.7%▼-9.4%▼4.9%▼13.4%▲0.89x▼
DEODiageo · Beverages - Alcoholic$27.8B-0.7%▼-22.9%▼11.4%▲8.7%▼1.98x▼
ABEVAMBEV · Beverages - Non-alcoholicBRL 88.2B-1.4%▼7.7%▲26.4%▲23.4%▲0.04x▲
CCEPCoca-Cola Europacific Partners · Beverages - Non-alcoholicEUR 20.9B2.3%▼37%▲13.4%▲12.5%▲1.36x▼
KDPKeurig Dr Pepper · Beverages - Non-alcoholic$16.6B8.2%▲44.3%▲21.5%▲7.6%▼0.55x▲
HLNHaleon · Household & personal productsGBP 11.0B-1.8%▼13.9%▲21.9%▲8.7%▼0.52x▲
FMXMexican Economic Development · Beverages - Non-alcoholicMXN 841B7.6%▲-17.9%▼8.8%▼12.7%▲0.54x▲
ADMArcher-Daniels-Midland · Farm products$25.0B2.4%▼-40.1%▼7.5%▼5.7%▼0.33x▲
SYYSYSCO · Food distribution$84.6B3.9%▲-3.9%▼3.7%▼17.3%▲4.62x▼
KRKroger · Grocery stores$148B0.4%▼-61.9%▼1.3%▼5.9%▼2.68x▼
ELEstee Lauder Companies · Household & personal products$15.0B5%▲–5.2%▼5.8%▼1.92x▼
KVUEKenvue · Household & personal products$15.1B-2.1%▼42.7%▲16%▲11.4%▼0.79x▼
HSYHershey · Packaged foods$11.7B4.4%▲-60.2%▼12.3%▲13.4%▲1.12x▼
DGDollar General · Discount stores$42.7B5.2%▲34.4%▲5.2%▼9.2%▼0.54x▲
KHCKraft Heinz · Packaged foods$24.9B-3.5%▼-313%▼-18.7%▼-6.4%▼0.46x▲
CHDChurch & Dwight · Household & personal products$6.2B1.6%▼25.9%▲17.4%▲14.5%▲0.55x▲
DLTRDollar Tree · Discount stores$19.4B10.4%▲–8.5%▼16.1%▲0.65x▲
STZConstellation Brands · Beverages - Alcoholic$9.1B-10.5%▼–29.8%▲14.2%▲1.27x▼
USFDUS Foods · Food distribution$39.4B4.1%▲36.8%▲3%▼11.6%▼1.18x▼
BGBunge Global · Farm products$16.9B9%▲-28.2%▼10.4%▲6%▼0.64x▲
TSNTyson Foods · Packaged foods$54.4B2.1%▼-40.8%▼2%▼3.6%▼0.49x▲
GISGeneral Mills · Packaged foods$18.4B-5.4%▼-104%▼4.8%▼3.8%▼1.83x▼
PFGCPerformance Food · Food distribution$67.8B7.2%▲5.6%▲1.3%▼6.5%▼1.02x▼
JBSJBS · Packaged foods$86.2B11.7%▲13.3%▲4.8%▼12.4%▲2.42x▼
COKECoca-Cola Consolidated · Beverages - Non-alcoholic$7.2B4.8%▲-9.9%▼13.2%▲29.9%▲–
SJMJ M Smucker · Packaged foods$9.1B3.7%▲–4%▼2.6%▼1.18x▼
BF-BBrown Forman · Beverages - Alcoholic$3.9B-1.2%▼-17.7%▼25.5%▲15%▲0.61x▲
BJBJ's Wholesale Club · Discount stores$21.5B4.7%▲8.2%▲3.8%▼16.9%▲0.24x▲
MKCMccormick · Packaged foods$6.8B1.7%▼0.1%▼15.7%▲10.6%▼0.63x▲
FIVEFIVE Below · Discount stores$4.8B22.9%▲41.4%▲9.6%11.5%▼–
MICCMagnum Ice Cream · Packaged foodsEUR 7.9B-0.5%▼-48.4%▼7.6%▼13.7%▲–
HRLHormel Foods · Packaged foods$12.1B1.6%▼-40.6%▼5.9%▼6%▼0.36x▲
CLXClorox · Household & personal products$6.7B-5.4%▼-27.5%▼13.7%▲18.3%▲44x▼
DARDarling Ingredients · Farm products$6.1B7.4%▲-77.5%▼4.5%▼3%▼0.82x▼
DPZDominos Pizza · Food distribution$4.9B5%▲3%▲19.3%▲81.2%▲–
CTVACorteva · Farm products$17.4B2.9%▼20.6%▲10.7%▲6.1%▼0.10x▲
EDUNew Oriental Education & Technology · Education & training$5.7B15.5%▲27.8%▲11.4%▲13.1%▲–
LWLamb Weston · Packaged foods$6.6B2.5%▼-18.8%▼8.9%▼9.9%▼2.15x▼
SFDSmithfield Foods · Packaged foods$15.5B9.8%▲3.6%▲8.3%▼12.4%▲0.29x▲
TAPMolson Coors Beverage · Beverages - Alcoholic$13.0B-5.1%▼-291%▼-17.9%▼-13.4%▼0.61x▲
TALTAL Education · Education & training$3.0B33.7%▲527%▲9.2%▼6.6%▼–
PPCPilgrims Pride · Packaged foods$18.5B3.5%▼-0.4%▼8.7%▼21.6%▲0.84x▼
PRMBPrimo Brands · Beverages - Non-alcoholic$6.7B29.3%▲–6.5%▼4.6%▼1.72x▼
CAGConagra Brands · Packaged foods$11.3B-2.9%▼-266%▼-14.4%▼-11.6%▼1.14x▼
TBBBBBB Foods · Grocery storesMXN 78.2B36.1%▲-949%▼-0.9%▼-4.5%▼0.55x▲
ELFe.l.f. Beauty · Household & personal products$1.6B24.6%▲-76.5%▼4.5%▼3.6%▼0.74x
ACIAlbertsons Companies · Grocery stores$83.2B3.5%▼-77.3%▼0.9%▼3.8%▼4.58x▼
SFMSprouts Farmers Market · Grocery stores$8.8B14.1%▲37.6%▲7.8%▼20.9%▲–
INGRIngredion · Packaged foods$7.2B-2.8%▼12.7%▲14.1%▲15.4%▲0.42x▲
CPBCampbell'S · Packaged foods$9.7B-5%▼-33.1%▼8.7%▼6.9%▼1.85x▼
OLLIOllie's Bargain Outlet · Discount stores$2.6B16.6%▲20.4%▲11.2%▲11.7%▼0.00x▲
LAURLaureate Education · Education & training$1.7B8.6%▲-5%▼25.3%▲24.9%▲0.06x▲
PSMTPricesmart · Discount stores$5.3B7.2%▲6.5%▲4.4%▼15.1%▲0.15x▲
GHCGraham · Education & training$4.9B2.5%▼-59.7%▼4.8%▼3.4%▼0.18x▲
CHEFChefs' Warehouse · Food distribution$4.1B9.4%▲30.4%▲3.5%▼9.3%▼1.24x▼
CVSACovista · Education & training$2.0B9.3%▲6.1%▲19.6%▲15.9%▲0.46x▲
LOPEGrand Canyon Education · Education & training$1.1B7.1%▲-4.4%▼24%▲30.1%▲–
SEBSeaboard · Farm products$9.7B7.1%▲457%▲2.5%▼3.5%▼0.19x▲
AKO-AAndina Bottling · Beverages - Non-alcoholicCLP 3.34T3.7%▲15.3%▲13.4%▲16.7%▲–
IPARInterparfums · Household & personal products$1.5B2.5%▼2.5%18.2%▲21.8%▲0.20x▲
POSTPost · Packaged foods$8.2B3%▼-8.5%▼9.8%▲6.5%▼1.98x▼
LRNStride · Education & training$2.5B4.7%▲17.5%▲17.9%▲21%▲0.26x▲
COCOVita Coco · Beverages - Non-alcoholic$610M18.2%▲27.5%▲13.5%▲23.9%▲0.00x▲
FRPTFreshpet · Packaged foods$1.1B13%▲197%▲6.9%▼4.5%▼–
FIZZNational Beverage · Beverages - Non-alcoholic$1.2B-1.7%▼-1.7%▼19.5%▲32.1%▲–
MNSOMiniso · Discount storesCNY 21.4B26.2%▲-54.1%▼15.4%▲16.4%▲0.67x▲
CALMCal-Maine Foods · Farm products$2.9B-31.7%▼-74%▼12%▲12.1%–
UNFIUnited Natural Foods · Food distribution$31.2B-2%▼–0.7%▼4.5%▼0.96x▼
TRTootsie Roll Industries · Packaged foods$733M1.3%▼15.2%▲13.8%▲8.7%▼–
MZTIMarzetti · Packaged foods$1.9B1.1%▼14.5%▲12.4%▲17.4%▲0.19x▲
COTYCOTY · Household & personal products$5.8B-1.5%▼–-1.4%▼-1.1%▼1.02x▼
ANDEAndersons · Farm products$1.5B9.1%▲-16.1%▼––0.50x▲
DAOYoudao · Education & trainingCNY 5.9B5%▲29%▲3.7%▼-23.1%▼–
RLXRLX Technology · TobaccoCNY 4.0B44%▲67.1%▲8.3%▼2.1%▼–
PRDOPerdoceo Education · Education & training$846M24.2%▲8.4%▲23.2%▲17.7%▲–
UTZUtz Brands · Packaged foods$1.4B2.1%▼-95%▼1.4%▼0.8%▼1.19x▼

▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).