Colgate-Palmolive (CL) financial statements
Colgate-Palmolive reported revenue of $20.4B in fiscal 2025, up 3.3% a year over 9 years.
Net income was $2.1B and the operating margin 16.2%, against 26.0% in 2016.
Free cash flow was $3.6B, and the company returned $1.2B in net buybacks.
The diluted share count fell 10% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Colgate-Palmolive's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.2B | $15.5B | $15.5B | $15.7B | $16.5B | $17.4B | $18.0B | $19.5B | $20.1B | $20.4B |
| Cost of revenue | $6.1B | $6.2B | $6.3B | $6.4B | $6.5B | $7.0B | $7.7B | $8.1B | $7.9B | $8.1B |
| Gross profit | $9.1B | $9.3B | $9.2B | $9.3B | $10.0B | $10.4B | $10.2B | $11.3B | $12.2B | $12.3B |
| Research and development | $289M | $285M | $277M | $281M | $290M | $307M | $320M | $343M | $355M | $366M |
| Selling, general and admin | $5.1B | $5.4B | $5.4B | $5.6B | $6.0B | $6.4B | $6.6B | $7.2B | $7.7B | $7.9B |
| Operating income | $4.0B | $3.7B | $3.7B | $3.6B | $3.9B | $3.3B | $2.9B | $4.0B | $4.3B | $3.3B |
| Interest expense | $155M | $156M | $195M | $193M | $184M | $120M | $167M | $287M | $292M | $267M |
| Pre-tax income | $3.7B | $3.5B | $3.5B | $3.3B | $3.6B | $3.1B | $2.7B | $3.4B | $4.0B | $3.1B |
| Income tax | $1.2B | $1.3B | $906M | $774M | $787M | $749M | $693M | $937M | $907M | $798M |
| Net income | $2.4B | $2.0B | $2.4B | $2.4B | $2.7B | $2.2B | $1.8B | $2.3B | $2.9B | $2.1B |
| EPS (diluted) | $2.72 | $2.28 | $2.75 | $2.75 | $3.14 | $2.55 | $2.13 | $2.77 | $3.51 | $2.63 |
| Diluted shares | 898M | 888M | 873M | 861M | 859M | 848M | 839M | 829M | 823M | 811M |
| Gross margin | 60.0% | 60.0% | 59.4% | 59.4% | 60.8% | 59.6% | 57.0% | 58.2% | 60.5% | 60.1% |
| Operating margin | 26.0% | 24.0% | 23.8% | 22.6% | 23.6% | 19.1% | 16.1% | 20.5% | 21.2% | 16.2% |
| Net margin | 16.1% | 13.1% | 15.4% | 15.1% | 16.4% | 12.4% | 9.9% | 11.8% | 14.4% | 10.5% |
Balance sheet
Fiscal years, from Colgate-Palmolive's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.3B | $1.5B | $726M | $883M | $888M | $832M | $775M | $1.1B | $1.3B | $1.4B |
| Receivables | $1.4B | $1.5B | $1.4B | $1.4B | $1.3B | $1.3B | $1.5B | $1.6B | $1.5B | $1.7B |
| Inventory | $1.2B | $1.2B | $1.2B | $1.4B | $1.7B | $1.7B | $2.1B | $1.9B | $2.0B | $2.0B |
| Total current assets | $4.3B | $4.6B | $3.8B | $4.2B | $4.3B | $4.4B | $5.1B | $5.3B | $5.3B | $5.7B |
| Property, plant and equipment | $3.8B | $4.1B | $3.9B | $3.8B | $3.7B | $3.7B | $4.3B | $4.6B | $4.4B | $4.7B |
| Goodwill | $2.1B | $2.2B | $2.5B | $3.5B | $3.8B | $3.3B | $3.4B | $3.4B | $3.3B | $3.1B |
| Total assets | $12.1B | $12.7B | $12.2B | $15.0B | $15.9B | $15.0B | $15.7B | $16.4B | $16.0B | $16.3B |
| Total current liabilities | $3.3B | $3.4B | $3.3B | $4.0B | $4.4B | $4.1B | $4.0B | $4.7B | $5.8B | $6.9B |
| Long-term debt | $6.5B | $6.6B | $6.4B | $7.3B | $7.3B | $7.2B | $8.7B | $8.2B | $7.3B | $6.9B |
| Total liabilities | $12.1B | $12.4B | $12.0B | $14.5B | $14.8B | $14.1B | $14.9B | $15.4B | $15.5B | $16.0B |
| Shareholders' equity | -$243M | -$60M | -$102M | $117M | $743M | $609M | $401M | $609M | $212M | $54M |
| Net debt | $5.2B | $5.0B | $5.6B | $6.7B | $6.5B | $6.4B | $8.0B | $7.3B | $6.9B | $6.7B |
Cash flow
Fiscal years, from Colgate-Palmolive's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.1B | $3.1B | $3.1B | $3.1B | $3.7B | $3.3B | $2.6B | $3.7B | $4.1B | $4.2B |
| Capital spending | $593M | $553M | $436M | $335M | $410M | $567M | $696M | $705M | $561M | $564M |
| Free cash flow | $2.5B | $2.5B | $2.6B | $2.8B | $3.3B | $2.8B | $1.9B | $3.0B | $3.5B | $3.6B |
| Stock-based compensation | $123M | $127M | $109M | $100M | $107M | $135M | $125M | $122M | $135M | $155M |
| Share buybacks (net) | -$1.3B | -$1.4B | -$1.2B | -$1.2B | -$1.5B | -$1.3B | -$1.3B | -$1.1B | -$1.7B | -$1.2B |
| Net borrowing | $164M | -$29M | -$179M | $1.4B | — | -$171M | $540M | -$906M | $93M | -$989M |
| Free cash flow margin | 16.8% | 16.2% | 16.9% | 17.8% | 20.1% | 15.8% | 10.4% | 15.6% | 17.6% | 17.8% |
Questions
What was Colgate-Palmolive's revenue in 2025?
$20.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Colgate-Palmolive generate?
$3.6B in fiscal 2025 (operating cash flow minus capital spending).
From Colgate-Palmolive's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.