# Procter & Gamble Company (PG) — Stock CV

Procter & Gamble Company is a $351B consumer staples company. Revenue grew 3.3% over the last year, it keeps 18¢ of every dollar of sales as profit, and its net debt equals ~1.7 years of free cash flow. It trades at 21.9× earnings — near the lowest of its own history.

> Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, with annual sales of more than $87 billion.

## Identity

- **Ticker**: PG
- **Sector**: Consumer Defensive
- **Industry**: Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics
- **Headquarters**: CINCINNATI, OH
- **Employees**: 104 000
- **Website**: https://us.pg.com
- **Market cap**: $351B
- **Last price**: $151.22
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $87.0B
- **Net income**: $16.0B
- **Free cash flow**: $15.1B
- **Net debt**: $25.1B
- **P/E**: 21.9
- **Revenue growth (YoY)**: 3.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 69 |
| Growth | 23 |
| Profitability | 85 |
| Health | 62 |
| Quality | 87 |
| Moat | 88 |

## Qualifications (beginner checklist) — 11 of 11 passed

- [x] Revenue growing — +3.3% YoY
- [x] Profitable — $16.0B TTM
- [x] Profit growing — +3.9% YoY
- [x] Generates cash — $15.1B TTM
- [x] Debt under control — ~1.7y of cash flow to repay
- [x] Established company — $351B market cap
- [x] Not printing shares — -6.8% shares over ~5y
- [x] Proven track record — 11/11 profitable years
- [x] Financially stable — Altman Z 5.6 — safe
- [x] Pays a dividend — yield 2.91%
- [x] Valuation not extreme — P/E 21.9

## Experience (career milestones)

- **FY2026** — Best year on record: $16.0B net income
- **2018** — Procter & Gamble completed the acquisition of the consumer health division of Merck Group (known…
- **FY2016** — Profitable every year on record: 11 consecutive profitable years in our data
- **FY2016** — Revenue already above $50B: $65.3B in first reported year
- **FY2016** — Positive free cash flow every year since: 11-year streak
- **2010** — In the television era, P&G sponsored and produced some twenty soap operas across six decades
- **2009** — Warner Chilcott acquired P&G's prescription-drug business for $3.1 billion
- **2005** — Acquired Gillette: $57B — razors, Duracell and Braun join the stable
- **1990** — When Shultons was acquired by Procter & Gamble in 1990, it became another part of P&G's presence on Tyneside
- **1961** — Pampers: the disposable diaper
- **1957** — From 1957 to 1968, Procter & Gamble owned Clorox, the leading American manufacturer of liquid bleach
- **1955** — Procter & Gamble began selling the first toothpaste to contain fluoride, known as Crest
- **1946** — Tide: the first synthetic detergent — laundry never the same
- **1932** — P&G advertised its products on the new medium of radio and, from 1932 forward, was one of the biggest…
- **1879** — Ivory soap: the soap that floats
- **Oct 31, 1837** — Procter & Gamble in Cincinnati: a candlemaker and a soapmaker become brothers-in-law and partners

## Strengths

- High gross margin (50.9%)
- Strong cash conversion — FCF is 17.4% of revenue
- Could repay net debt from ~1.7 years of free cash flow
- Interest covered 46.6× by operating earnings
- High returns on invested capital (ROIC 20.2%)

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $80.2B | $14.7B | $13.6B |
| FY2023 | $82.0B | $14.7B | $13.8B |
| FY2024 | $84.0B | $14.9B | $16.5B |
| FY2025 | $84.3B | $16.0B | $14.0B |
| FY2026 | $87.0B | $16.0B | $15.1B |

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Source: https://stockcv.com/PG — derived from company filings; may be delayed or incomplete. Information, not investment advice.