CHD vs PG: Church & Dwight Company and Procter & Gamble compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Procter & Gamble is the larger company, worth $349.8B, about 15.2 times Church & Dwight Company.
- Church & Dwight Company grew revenue faster over the last year (+1.6% vs +1.5%).
- Procter & Gamble keeps more of each dollar of revenue as operating profit (22.7% vs 17.5%).
- On earnings, Procter & Gamble is the cheaper stock (22.0x vs 31.9x).
- Procter & Gamble's price assumes faster free cash flow growth: about 7% a year, against 6% for Church & Dwight Company (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CHD | PG |
|---|---|---|
| Market cap | $23.0B | $349.8B |
| Share price | $98.11 | $151.23 |
| Revenue (last fiscal year) | $6.2B | $87.0B |
| Free cash flow (last fiscal year) | $1.1B | $15.1B |
| Revenue growth, last year | +1.6% | +1.5% |
| Revenue growth per year, last 5 fiscal years | +4.6% | +2.1% |
| Operating margin | 17.5% | 22.7% |
| Net margin | 12.0% | 18.4% |
| Return on equity | 17.1% | 29.5% |
| P/E (trailing) | 31.9x | 22.0x |
| Price / free cash flow | 21.0x | 24.9x |
| EV / EBITDA | 18.9x | 14.7x |
| FCF growth the price implies | 5.7% | 6.9% |
| Dividend yield | 1.2% | 2.8% |
| Debt / equity | 1.09x | 1.33x |
| Fundamental grade | C | C |
| Superinvestors holding it | 3 | 10 |
| Insider purchases, last 12 months | 4 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Church & Dwight Company
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $5.2B | $875M | 20.8% |
| 2022 | $5.4B | $706M | 11.1% |
| 2023 | $5.9B | $807M | 18.0% |
| 2024 | $6.1B | $976M | 13.2% |
| 2025 | $6.2B | $1.1B | 17.4% |
Procter & Gamble
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $80.2B | $13.6B | 22.2% |
| 2023 | $82.0B | $13.8B | 22.1% |
| 2024 | $84.0B | $16.5B | 22.1% |
| 2025 | $84.3B | $14.0B | 24.3% |
| 2026 | $87.0B | $15.1B | 22.7% |
Where the revenue comes from
Church & Dwight Company · by segments, 2025
Consumer Domestic$4.8B77%
Consumer International$1.1B18%
Specialty Products$299M5%
Procter & Gamble · by segments, 2026
Fabric & Home Care$30.3B35%
Baby, Feminine & Family Care$20.4B24%
Beauty$16.0B19%
Health Care$12.5B14%
Grooming$6.9B8%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open CHD in InvestinglyQuestions
Which is bigger, Church & Dwight Company or Procter & Gamble?
Procter & Gamble (PG), at $349.8B against $23.0B.
Is CHD or PG cheaper?
By trailing P/E, Procter & Gamble (22.0x) is cheaper than Church & Dwight Company (31.9x). A lower multiple can also mean the market expects less growth.
Which grows faster, CHD or PG?
Church & Dwight Company: revenue grew +1.6% over the last year, against +1.5%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.