Newell Brands (NWL) financial statements
Newell Brands reported revenue of $7.2B in fiscal 2025, down 2.7% a year over 9 years.
Net income was -$285M and the operating margin 0.5%, against 3.2% in 2016.
Free cash flow was $17M, and the company returned $120M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Newell Brands's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.2B | $11.2B | $10.2B | $9.7B | $9.4B | $10.6B | $9.5B | $8.1B | $7.6B | $7.2B |
| Cost of revenue | $8.9B | $9.7B | $6.6B | $6.5B | $6.3B | $7.2B | $6.6B | $5.8B | $5.0B | $4.8B |
| Gross profit | $3.0B | $3.8B | $3.5B | $3.2B | $3.1B | $3.4B | $2.8B | $2.4B | $2.5B | $2.4B |
| Research and development | $147M | $175M | $151M | $149M | $144M | $153M | $140M | $117M | $123M | $114M |
| Selling, general and admin | $2.6B | $2.9B | $2.6B | $2.5B | $2.2B | $2.3B | $2.0B | $2.0B | $2.1B | $2.0B |
| Operating income | $298M | $707M | -$7.6B | -$482M | -$629M | $1.0B | $312M | -$85M | $67M | $39M |
| Interest expense | $404M | $469M | $446M | $303M | $274M | $256M | $235M | $283M | — | — |
| Pre-tax income | $19M | $919M | -$8.0B | -$852M | -$1.0B | $760M | $157M | -$543M | -$260M | -$301M |
| Income tax | $57M | -$1.5B | -$1.4B | -$1.0B | -$235M | $138M | -$40M | -$155M | -$44M | -$16M |
| Net income | $528M | $2.7B | -$6.9B | $107M | -$766M | $622M | $197M | -$388M | -$216M | -$285M |
| EPS (diluted) | $1.25 | $5.63 | -$14.65 | $0.25 | -$1.81 | $1.45 | $0.47 | -$0.94 | -$0.52 | -$0.68 |
| Diluted shares | 421M | 488M | 474M | 424M | 424M | 428M | 417M | 414M | 416M | 418M |
| Gross margin | 32.4% | 34.1% | 34.6% | 33.1% | 32.9% | 31.8% | 30.0% | 28.9% | 33.6% | 33.8% |
| Operating margin | 3.2% | 6.3% | -74.4% | -5.0% | -6.7% | 9.6% | 3.3% | -1.0% | 0.9% | 0.5% |
| Net margin | 5.7% | 24.6% | -68.4% | 1.1% | -8.2% | 5.9% | 2.1% | -4.8% | -2.8% | -4.0% |
Balance sheet
Fiscal years, from Newell Brands's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $588M | $486M | $496M | $349M | $981M | $440M | $287M | $332M | $198M | $203M |
| Receivables | $2.7B | $1.9B | $2.2B | $1.8B | $1.7B | $1.5B | $1.2B | $1.2B | $878M | $987M |
| Inventory | $2.1B | $1.7B | $1.8B | $1.6B | $1.6B | $2.1B | $2.2B | $1.5B | $1.4B | $1.3B |
| Total current assets | $7.5B | $10.7B | $6.0B | $4.1B | $4.6B | $4.4B | $4.1B | $3.4B | $2.8B | $2.7B |
| Property, plant and equipment | $1.5B | $972M | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Goodwill | $6.5B | $7.8B | $3.9B | $3.7B | $3.6B | $3.5B | $3.3B | $3.1B | $3.0B | $3.1B |
| Total assets | $33.8B | $33.1B | $17.7B | $15.6B | $14.7B | $14.3B | $13.3B | $12.2B | $11.0B | $10.7B |
| Total current liabilities | $4.3B | $4.9B | $3.3B | $3.0B | $3.6B | $3.3B | $3.1B | $2.9B | $2.4B | $2.5B |
| Long-term debt | $11.3B | $9.9B | $6.7B | $5.4B | $5.1B | $4.9B | $4.8B | $4.6B | $4.5B | $4.5B |
| Total liabilities | $22.5B | $19.0B | $12.5B | $10.6B | $10.8B | $10.1B | $9.7B | $9.1B | $8.3B | $8.3B |
| Shareholders' equity | $11.3B | $14.1B | $5.2B | $5.0B | $3.9B | $4.2B | $3.5B | $3.1B | $2.8B | $2.4B |
| Net debt | $11.3B | $10.1B | $6.5B | $5.4B | $4.6B | $4.4B | $5.1B | $4.6B | $4.4B | $4.5B |
Cash flow
Fiscal years, from Newell Brands's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.8B | $966M | $680M | $1.0B | $1.4B | $884M | -$272M | $930M | $496M | $264M |
| Capital spending | $441M | $406M | $384M | $265M | $259M | $289M | $312M | $284M | $259M | $247M |
| Free cash flow | $1.4B | $560M | $296M | $779M | $1.2B | $595M | -$584M | $646M | $237M | $17M |
| Stock-based compensation | $64M | $71M | $76M | $42M | $41M | $52M | $12M | $50M | $74M | $68M |
| Dividends paid | $329M | $429M | $435M | $391M | $392M | $394M | $385M | $184M | $118M | $120M |
| Share buybacks (net) | $0 | -$152M | -$1.5B | $0 | $0 | $0 | -$325M | $0 | $0 | — |
| Net borrowing | $7.7B | -$1.4B | -$3.5B | -$1.0B | $145M | -$6M | $1.6B | -$488M | $396M | $1.3B |
| Free cash flow margin | 15.2% | 5.0% | 2.9% | 8.0% | 12.5% | 5.6% | -6.2% | 7.9% | 3.1% | 0.2% |
| Dividends per share | $0.78 | $0.88 | $0.92 | $0.92 | $0.92 | $0.92 | $0.92 | $0.44 | $0.28 | $0.29 |
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Open NWL in InvestinglyQuestions
What was Newell Brands's revenue in 2025?
$7.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Newell Brands generate?
$17M in fiscal 2025 (operating cash flow minus capital spending).
From Newell Brands's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.