KMB vs KVUE: Kimberly-Clark and Kenvue compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Kenvue is the larger company, worth $34.2B, close to Kimberly-Clark's $32.2B.
- Kenvue grew revenue faster over the last year (+3.0% vs +0.6%).
- Kenvue keeps more of each dollar of revenue as operating profit (17.1% vs 15.2%).
- On earnings, Kimberly-Clark is the cheaper stock (18.8x vs 21.2x).
- Kenvue's price assumes faster free cash flow growth: about 5% a year, against 5% for Kimberly-Clark (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 | KMB | KVUE |
|---|---|---|
| Market cap | $32.2B | $34.2B |
| Share price | $97.59 | $17.70 |
| Revenue (last fiscal year) | $16.4B | $15.1B |
| Free cash flow (last fiscal year) | $1.6B | $1.7B |
| Revenue growth, last year | +0.6% | +3.0% |
| Revenue growth per year, last 5 fiscal years | -4.1% | +0.1% |
| Operating margin | 15.2% | 17.1% |
| Net margin | 11.8% | 10.8% |
| Return on equity | 111.7% | 15.7% |
| P/E (trailing) | 18.8x | 21.2x |
| Price / free cash flow | 19.7x | 19.9x |
| EV / EBITDA | 12.3x | 13.1x |
| FCF growth the price implies | 4.8% | 4.9% |
| Dividend yield | 5.2% | 4.7% |
| Debt / equity | 9.53x | 1.53x |
| Fundamental grade | D | C |
| Superinvestors holding it | 8 | 8 |
| Insider purchases, last 12 months | 8 | 8 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Kimberly-Clark
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $19.4B | $1.7B | 13.2% |
| 2022 | $20.2B | $1.9B | 13.3% |
| 2023 | $17.1B | $2.8B | 11.2% |
| 2024 | $16.8B | $2.5B | 16.1% |
| 2025 | $16.4B | $1.6B | 14.3% |
Kenvue
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $15.1B | $39M | 19.4% |
| 2022 | $14.9B | $2.1B | 17.9% |
| 2023 | $15.4B | $2.7B | 16.3% |
| 2024 | $15.5B | $1.3B | 11.9% |
| 2025 | $15.1B | $1.7B | 16.0% |
Where the revenue comes from
Kimberly-Clark · by segments, 2025
NA$10.8B65%
IPC$5.7B35%
Kenvue · by segments, 2025
Self Care$6.4B42%
Essential Health$4.6B31%
Skin Health and Beauty$4.1B27%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open KMB in InvestinglyQuestions
Which is bigger, Kimberly-Clark or Kenvue?
Kenvue (KVUE), at $34.2B against $32.2B.
Is KMB or KVUE cheaper?
By trailing P/E, Kimberly-Clark (18.8x) is cheaper than Kenvue (21.2x). A lower multiple can also mean the market expects less growth.
Which grows faster, KMB or KVUE?
Kenvue: revenue grew +3.0% over the last year, against +0.6%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.