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Kenvue (KVUE) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Consumer Defensive•Household & Personal Products
A
ExcellentMetricSide Score: 82/100
ProfitabilityProfit30/30
GrowthGrowth17/25
Balance SheetBalance19/25
Cash QualityCash16/20
Price & Volume
Market Cap $38.03B

Kenvue Inc. operates as a consumer health company in the United States, rest of North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. It operates in three segments: Self Care, Skin Health and Beauty, and Essential Health. The company offers over-the-counter medicine for cough, cold and allergy, pain care, digestive health, smoking cessation, and eye care, as well as other naturally inspired and self-care products, digital diagnostics, and telemedicine; face and body care, hair, sun, and other care products; oral and baby care, women's health, wound care, and other essential health products; tampons; cosmetics; and vitamins and supplements. It sells its products under the Benadryl, Calpol, Motrin, Nicorette, Rhinocort, Tylenol, Zarbee's Naturals, and Zyrtec; Aveeno, Dr.Ci:Labo, Le Petit Marseillais, Lubriderm, Neutrogena, OGX, and Rogaine; BAND-AID, Carefree, Desitin, Johnson's, Listerine, o.b., and Stayfree; and ORSL, Clean & Clear, Versalie, Benylin, Daktarin, Imodium, Johnson's Baby, Johnson's Adult, Maui Moisture, Microlax, Motilium, Neosporin, Neostrata, Pepcid, Pulmicort, Regaine, Sudafed, and Visine/Vispring/Visclear brands. Kenvue Inc. was incorporated in 2022 and is headquartered in Summit, New Jersey.

Moat Signals

Competitive analysis based on 13 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are expanding at ~14.7%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Moderate Moat

ROE is positive at ~12.6% on average, adequate but below the threshold typically associated with wide moats.

Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.

Risk Signals

Data-driven red flags and warnings across 13 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~17.1% — no sign of cost or pricing stress.

Earnings Quality

Healthy

FCF covers net income by 1.8x on average — earnings are well-supported by cash generation.

Leverage Risk

Healthy

D/E ratio is 0.7 — conservative capital structure with low financial risk.

Revenue Decline

Watch

Revenue has softened, declining in 5 quarters. Monitor for further erosion.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$15.29B
0.1%
Q. Revenue
$3.91B
TTM EBITDA
$3.19B
14.6%
TTM Op. Income
$2.62B
41.9%
Q. Op. Income
$767.00M
TTM Net Income
$1.62B
53.6%
Q. Net Income
$474.00M
EPS
$0.25
Shares Out.
$1.92B
0.2%
$15.29B in TTM revenue declined 0.1% YoY, reaching $3.91B last quarter. TTM EBITDA of $3.19B and TTM operating income of $2.62B shows growth is flowing through. Net income of $1.62B TTM confirms the company is converting revenue into profit. Revenue is contracting — assess whether this is cyclical or structural.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
58.9%
1.6%
EBITDA Margin
23.3%
Op. Margin
19.6%
31.5%
Net Margin
12.1%
40.9%
Op. margin of 19.6% is up 4.7% YoY — cost efficiency is improving. Net margin at 12.1% and gross margin of 58.9% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
23.4x
P/S Ratio
2.5x
P/B Ratio
3.6x
At 23.4x P/E, the stock trades in line with market averages — fairly valued. P/S of 2.5x and P/B of 3.6x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$26.85B
Cash
$1.07B
Long-Term Debt
$7.07B
Book Value
$10.61B
D/E Ratio
0.7
Debt/EBITDA
7.8
With $26.85B in assets and $7.07B in long-term debt, the D/E of 0.7and book value of $10.61B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$489.00M
Free Cash Flow
$350.00M
40.6%
FCF Margin
2.3%
FCF / Net Income
0.7
FCF of $350.00M on $489.00M in operating cash flow. The FCF / Net Income ratio of 0.2x indicates partial cash conversion — earnings quality needs attention.

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