Logo

EL

The Estée Lauder Companies Inc.

EL

The Estée Lauder Companies Inc. • NYSE
$94.07 ▲ 0.77% (+0.72)
Market Cap $33.91 B
52w High $104.53
52w Low $48.37
Dividend Yield 1.40%
P/E -36.32
Volume 1.01M
Outstanding Shares 360.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $3.481B ▲ $2.385B ▼ $47M ▲ 1.35% ▲ $0.13 ▲ $395M ▲
Q4-2025 $3.407B ▼ $2.444B ▲ $-546M ▼ -16.026% ▼ $-1.51 ▼ $-123M ▼
Q3-2025 $3.55B ▼ $2.355B ▼ $159M ▲ 4.479% ▲ $0.44 ▲ $532M ▲
Q2-2025 $4.004B ▲ $3.627B ▲ $-590M ▼ -14.735% ▼ $-1.64 ▼ $-353M ▼
Q1-2025 $3.361B $2.554B $-156M -4.641% $-0.43 $120M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $2.219B ▼ $19.329B ▼ $15.439B ▼ $3.89B ▲
Q4-2025 $2.921B ▲ $19.892B ▲ $16.027B ▲ $3.865B ▼
Q3-2025 $2.631B ▲ $19.886B ▲ $15.541B ▼ $4.345B ▲
Q2-2025 $2.586B ▲ $19.76B ▼ $15.591B ▼ $4.169B ▼
Q1-2025 $2.35B $21.317B $16.233B $5.084B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $47M ▲ $-340M ▼ $-116M ▲ $-239M ▼ $-702M ▼ $-436M ▼
Q4-2025 $-546M ▼ $601M ▲ $-215M ▼ $-128M ▼ $290M ▲ $394M ▲
Q3-2025 $159M ▲ $284M ▼ $-135M ▼ $-117M ▲ $45M ▼ $162M ▼
Q2-2025 $-590M ▼ $1.057B ▲ $-134M ▲ $-652M ▼ $236M ▲ $925M ▲
Q1-2025 $-156M $-670M $-160M $-226M $-1.045B $-811M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Fragrance
Fragrance
 $740.00M ▲$560.00M ▼$560.00M ▲$720.00M ▲
Hair Care
Hair Care
 $160.00M ▲$130.00M ▼$140.00M ▲$130.00M ▼
Makeup
Makeup
 $1.15Bn ▲$1.03Bn ▼$980.00M ▼$1.03Bn ▲
Skin Care
Skin Care
 $1.92Bn ▲$1.81Bn ▼$1.71Bn ▼$1.57Bn ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has slipped from its earlier peak and has been roughly flat to down over the past few years, suggesting growth has stalled rather than collapsed. Profitability has weakened much more than sales: operating profit has shrunk significantly and net income has swung from solid profits to a notable loss in the most recent year. This points to margin pressure from higher costs, discounts, mix shifts, or restructuring charges rather than a demand collapse. Overall, the income statement shows a strong franchise going through a painful earnings reset, with solid brands but much thinner profitability than in the recent past.

Balance Sheet

Balance Sheet The balance sheet shows a company with sizeable assets and still-meaningful shareholders’ equity, but with leverage that has crept up as profits have fallen. Cash on hand is lower than a few years ago, while debt has stayed relatively high, which tightens financial flexibility compared with the company’s stronger years. Equity has eroded, partly reflecting weaker earnings, which makes the capital structure more sensitive to any prolonged downturn. It does not look distressed based on this snapshot, but the trend is clearly toward a more leveraged, less cushioned position than before.

Cash Flow

Cash Flow Despite the recent accounting loss, the business continues to generate positive cash from operations, indicating the core franchise is still cash generative. Free cash flow went through a sharp dip when investment spending was elevated, then recovered as capital spending was pulled back. Recent free cash flow is positive but below the levels seen in the company’s best years, suggesting less excess cash for aggressive debt reduction or large shareholder returns. In short, cash flows are a relative bright spot versus earnings, but they no longer offer the same buffer they once did.

Competitive Edge

Competitive Edge Estée Lauder retains a powerful position in prestige beauty, anchored by a portfolio of globally recognized brands and iconic “hero” products in skincare, makeup, and fragrance. Its scale in marketing, product development, and distribution has historically provided a strong moat, especially in department stores and travel retail. However, those traditional channels are under pressure as consumers shift online and local and indie brands gain traction, which has weakened some of the company’s historical advantages. The company is responding by leaning into e‑commerce and direct‑to‑consumer channels, but the transition is still in progress and competitive intensity remains high.

Innovation and R&D

Innovation and R&D The company is investing heavily in innovation, blending its high‑touch heritage with high‑tech tools such as AI‑driven personalization, virtual try‑on, and data‑led product development. Partnerships with major technology firms and a focus on real‑time consumer insight aim to speed up trend detection and shorten the path from idea to shelf. On the science side, it is pushing into biotech‑based ingredients, longevity research, and more sustainable, refillable packaging, which could strengthen its appeal to younger and eco‑conscious consumers. Management has set ambitious targets for new products to drive a larger share of sales, but success depends on consistent execution and the ability to turn these innovations into products that resonate globally.

Summary

Overall, Estée Lauder looks like a strong prestige beauty franchise going through a difficult transition period. Sales have softened from their peak and margins have compressed sharply, resulting in earnings volatility and a recent loss, while leverage has moved higher and the balance sheet is less comfortable than it once was. At the same time, the company continues to generate cash, owns valuable global brands, and is investing aggressively in digital capabilities, science‑based skincare, and sustainability. The key questions going forward are whether its innovation and channel shift can reignite durable growth and restore margins, and whether that can be done without putting too much additional strain on the balance sheet during this reset phase.

NEWS

November 20, 2025 · 4:40 PM UTC

The Estée Lauder Companies to Participate in Fireside Chat at Morgan Stanley's Global Consumer & Retail Conference

Read more

November 20, 2025 · 8:00 AM UTC

The Estée Lauder Companies Celebrates CEW 2025 Innovators Honorees Dr. Jaime Emmetsberger and Lauren Waldrum

Read more

November 13, 2025 · 4:50 PM UTC

The Estée Lauder Companies Makes Strategic Minority Investment in Mexican Luxury Fragrance Brand XINÚ

Read more

November 13, 2025 · 1:27 PM UTC

The Estée Lauder Companies Holds Annual Meeting of Stockholders

Read more

November 6, 2025 · 4:45 PM UTC

The Estée Lauder Companies 2025 Annual Meeting of Stockholders to Be Held on November 13, 2025

Read more