Kenvue Inc. (KVUE) Financial Statements
Kenvue financial statements at a glance
Kenvue reported revenue of $15.12 billion for fiscal year 2025 (ended December 31, 2025), down 2.1% from fiscal year 2024. Net income was $1.47 billion, a net margin of 9.7%, and diluted earnings per share were $0.76.
At the end of fiscal year 2025 it had total assets of $27.08 billion, total liabilities of $16.31 billion and shareholders' equity of $10.77 billion, with cash and short-term investments of $1.06 billion and total debt of $8.67 billion.
Its operations brought in $2.20 billion of cash; capital spending was $475.00 million, leaving free cash flow of $1.72 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Kenvue Inc.
Income Statement
Annual • USD
Kenvue key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $15.1B | $15.5B | $15.4B | $15.0B | $15.1B |
| Gross profit | $8.8B | $9.0B | $8.6B | $8.3B | $8.4B |
| Operating income | $2.7B | $2.6B | $2.5B | $2.7B | $3.0B |
| Net income | $1.5B | $1.0B | $1.7B | $2.1B | $2.1B |
| Diluted EPS | $0.76 | $0.54 | $0.90 | $1.09 | $1.10 |
| Total assets | $27.1B | $25.6B | $27.9B | $27.3B | $27.9B |
| Total liabilities | $16.3B | $15.9B | $16.6B | $7.3B | $7.5B |
| Shareholders' equity | $10.8B | $9.7B | $11.2B | $20.0B | $20.4B |
| Cash and short-term investments | $1.1B | $1.1B | $1.4B | $1.2B | $740.0M |
| Total debt | $8.7B | $8.7B | $8.4B | $116.0M | $129.0M |
| Operating cash flow | $2.2B | $1.8B | $3.2B | $2.5B | $334.0M |
| Capital spending | $475.0M | $434.0M | $469.0M | $375.0M | $295.0M |
| Free cash flow | $1.7B | $1.3B | $2.7B | $2.2B | $39.0M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2019.
Questions and answers
What was Kenvue's revenue in fiscal year 2025?
$15.12 billion, down 2.1% from $15.46 billion in fiscal year 2024.
How much profit does Kenvue make?
Kenvue reported net income of $1.47 billion for fiscal year 2025 (9.7% of revenue); operating income was $2.72 billion.
How much cash and debt does Kenvue have?
At the end of fiscal year 2025: cash and short-term investments of $1.06 billion and total debt of $8.67 billion.
What is Kenvue's free cash flow?
$1.72 billion in fiscal year 2025 (operating cash flow of $2.20 billion minus capital spending of $475.00 million).
