KVUE vs UL: Kenvue and Unilever PLC ADR compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Unilever PLC ADR is the larger company, worth $135.0B, about 3.9 times Kenvue.
- Kenvue grew revenue faster over the last year (+3.0% vs -3.8%).
- Unilever PLC ADR keeps more of each dollar of revenue as operating profit (17.9% vs 17.1%).
- On earnings, Unilever PLC ADR is the cheaper stock (20.6x vs 21.2x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | KVUE | UL |
|---|---|---|
| Market cap | $34.2B | $135.0B |
| Share price | $17.70 | $62.26 |
| Revenue (last fiscal year) | $15.1B | $50.5B |
| Free cash flow (last fiscal year) | $1.7B | $6.8B |
| Revenue growth, last year | +3.0% | -3.8% |
| Revenue growth per year, last 5 fiscal years | +0.1% | -0.9% |
| Operating margin | 17.1% | 17.9% |
| Net margin | 10.8% | 18.8% |
| Return on equity | 15.7% | 53.2% |
| P/E (trailing) | 21.2x | 20.6x |
| Price / free cash flow | 19.9x | 21.6x |
| EV / EBITDA | 13.1x | 11.7x |
| FCF growth the price implies | 4.9% | — |
| Dividend yield | 4.7% | 3.7% |
| Debt / equity | 1.53x | 3.15x |
| Fundamental grade | C | C |
| Superinvestors holding it | 8 | 9 |
| Insider purchases, last 12 months | 8 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
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% |
Unilever PLC ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $52.4B | $6.6B | 16.6% |
| 2022 | $60.1B | $5.6B | 17.9% |
| 2023 | $51.7B | $8.0B | 17.4% |
| 2024 | $52.5B | $7.9B | 16.8% |
| 2025 | $50.5B | $6.8B | 17.9% |
Where the revenue comes from
Kenvue · by segments, 2025
Self Care$6.4B42%
Essential Health$4.6B31%
Skin Health and Beauty$4.1B27%
Unilever PLC ADR · by segments, 2025
Personal Care$13.2B26%
Foods$12.9B26%
Beauty & Wellbeing$12.8B25%
Home Care$11.6B23%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open KVUE in InvestinglyQuestions
Which is bigger, Kenvue or Unilever PLC ADR?
Unilever PLC ADR (UL), at $135.0B against $34.2B.
Is KVUE or UL cheaper?
By trailing P/E, Unilever PLC ADR (20.6x) is cheaper than Kenvue (21.2x). A lower multiple can also mean the market expects less growth.
Which grows faster, KVUE or UL?
Kenvue: revenue grew +3.0% over the last year, against -3.8%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.