Kenvue is the world's largest pure-play consumer health company by sales, generating over $15 billion in annual revenue. Formerly known as Johnson & Johnson's consumer segment, Kenvue spun off and went public in May 2023.
It is a $34.0B consumer staples company. Revenue grew 1.8% over the last year, it keeps 11¢ of every dollar of sales as profit, and its net debt equals ~0.2 years of free cash flow. It trades at 20.5× earnings — near the lowest of its own history.
- Website
- kenvue.com
- Location
- Summit, NJ
- Employees
- 22 000
- Sector
- Consumer Defensive
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation, quality and moat; Growth lags behind.
Valuation85
- P/E vs own history5th pct · 25/25
- FCF yield5.6% · 20/25
- P/S2.2x · 20/25
- EV/EBITDA12.9x · 20/25
Growth31
- Revenue CAGR0.1% · 6/25
- Net income CAGR-8.3% · 0/25
- EPS CAGR ~5Y-10.9% · 0/25
- Fwd implied growth42.3% · 25/25
Profitability72
- ROIC13.2% · 12/25
- ROE15.6% · 20/25
- Net margin10.8% · 20/25
- Operating margin17.1% · 20/25
Health60
- Altman Z1.73 · 10/25
- Current ratio1.01 · 12/25
- Interest coverage5.7x · 18/25
- Net cash / debtD/A 1% · 20/25
Quality90
- Piotroski F6/9 · 15/25
- Beneish M-2.53 · 25/25
- FCF conversion115% · 25/25
- Margin stabilityσ 3.0% · 25/25
Moat81
- ROIC >12% years3/5 yrs · 13/25
- Median gross margin56.2% · 25/25
- FCF-positive years5/5 yrs · 25/25
- Worst-year net marginworst 6.7% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2026AcquisitionThe acquisition is expected to close around the second half of 2026
- 2025AcquisitionKimberly-Clark, a consumer products giant whose brands include Kleenex, Kotex, Huggies and Softex,…
- Jul 24, 2023ProductJohnson & Johnson launched an exchange offer to split off Kenvue, allowing Johnson & Johnson…
- 2022IPOThe new company was named Kenvue in September 2022, and its initial public offering took place in May 2023, raising…
- 2022MilestoneIPO market since 2022 and said that Kenvue was an "idiosyncratic" IPO candidate as it was well-established
- FY2021FinancialProfitable every year on record5 consecutive profitable years in our data
- FY2021FinancialRevenue already above $10B$15.1B in first reported year
- FY2021FinancialPositive free cash flow every year since5-year streak
- FY2021FinancialBest year on record$2.08B net income
- Nov 10, 2021MilestoneRaising about $3.8 billion in capital for Kenvue, it was the largest IPO since the IPO of Rivian on November 10, 2021
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (58.6%)
- Interest covered 5.7× by operating earnings
Watch-outs
- Altman Z-Score 1.73 — elevated financial-distress risk
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+1.8% YoY
- Profitable — makes more than it spends$1.66B TTM
- Profit growing — earnings are higher than last year-11.6% YoY
- Generates cash — cash left after running and investing$1.91B TTM
- Debt under control — could handle its obligations~0.2y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$34.0B market cap
- Not printing shares — share count not ballooning — you keep your slice+12.1% shares over ~5y
- Proven track record — years of profitability behind it5/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 1.7 — distress
- Pays a dividend — returns cash to shareholdersyield 4.68%
- Valuation not extreme — price not wildly above earningsP/E 20.5
Peer comparisonKenvue Inc. vs 6 largest consumer defensive peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| KVUE this company | $34.0B | 20.5 | +1.8% | 10.8% | Mixed |
| WMT Walmart Inc. | $882.9B | 40.8 | +6.2% | 3.0% | Strained |
| COST Costco Wholesale Corp | $419.2B | 45.5 | +10.1% | 3.0% | Mixed |
| KO Coca-Cola Company | $379.3B | 26.5 | +6.5% | 28.6% | Mixed |
| PG Procter & Gamble Company | $351.2B | 21.9 | +3.3% | 18.4% | Solid |
| PM Philip Morris International Inc. | $313.6B | 28.8 | +8.9% | 25.6% | Strained |
| PEP PepsiCo, Inc. | $171.8B | 16.5 | +6.4% | 11.1% | Strained |
Head-to-head: KVUE vs WMT · KVUE vs COST · KVUE vs KO
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/KVUE
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of KVUE on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $17.68 · market cap $34.0B.