PG vs UL: Procter & Gamble 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.
- Procter & Gamble is the larger company, worth $349.8B, about 2.6 times Unilever PLC ADR.
- Procter & Gamble grew revenue faster over the last year (+1.5% vs -3.8%).
- Procter & Gamble keeps more of each dollar of revenue as operating profit (22.7% vs 17.9%).
- On earnings, Unilever PLC ADR is the cheaper stock (20.6x vs 22.0x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | PG | UL |
|---|---|---|
| Market cap | $349.8B | $135.0B |
| Share price | $151.23 | $62.26 |
| Revenue (last fiscal year) | $87.0B | $50.5B |
| Free cash flow (last fiscal year) | $15.1B | $6.8B |
| Revenue growth, last year | +1.5% | -3.8% |
| Revenue growth per year, last 5 fiscal years | +2.1% | -0.9% |
| Operating margin | 22.7% | 17.9% |
| Net margin | 18.4% | 18.8% |
| Return on equity | 29.5% | 53.2% |
| P/E (trailing) | 22.0x | 20.6x |
| Price / free cash flow | 24.9x | 21.6x |
| EV / EBITDA | 14.7x | 11.7x |
| FCF growth the price implies | 6.9% | — |
| Dividend yield | 2.8% | 3.7% |
| Debt / equity | 1.33x | 3.15x |
| Fundamental grade | C | C |
| Superinvestors holding it | 10 | 9 |
| Insider purchases, last 12 months | 10 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
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% |
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
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%
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 PG in InvestinglyQuestions
Which is bigger, Procter & Gamble or Unilever PLC ADR?
Procter & Gamble (PG), at $349.8B against $135.0B.
Is PG or UL cheaper?
By trailing P/E, Unilever PLC ADR (20.6x) is cheaper than Procter & Gamble (22.0x). A lower multiple can also mean the market expects less growth.
Which grows faster, PG or UL?
Procter & Gamble: revenue grew +1.5% 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.