The Procter & Gamble Company is a global consumer goods company that manufactures, markets, and distributes a diverse portfolio of branded, daily-use products. It focuses on delivering superior quality and value in categories such as beauty, grooming, health care, fabric & home care, and baby, feminine & family care to consumers worldwide.
Business segments
10-K
BeautyGroomingHealth CareFabric & Home CareBaby, Feminine & Family Care
Recent News
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Earnings call: Q3 2026 2026
Intel
Free
2026-04-??Confident
● Full transcript on file
Not fully visible in search snippet (Management participants not fully enumerated in available result)
Key metrics
Organic sales increased more than 3% year over year; volume increased two points, pricing was up one point, and mix was flat. The snippet also notes a 3% dividend increase and mentions top-line acceleration and bottom-line strength with some offsets from incremental investments and energy costs.
Forward guidance
Management said the company remained on track to deliver within its fiscal 2026 guidance ranges and planned to close with full-year guidance before Q&A. The call emphasized continued investment in the business while absorbing energy-cost impacts and other inflationary pressures.
Notable Q&A
The available snippet does not include the actual Q&A exchanges, so no specific analyst questions can be verified from the search result.
Surprise items
Top-line acceleration and organic sales growth above 3% were notable, along with the company reaffirming it was on track for fiscal 2026 guidance. The dividend increase and stated resilience despite energy-cost impacts were also notable.
(Jun 10, 2026) · (Jun 04, 2026) ·
Fundamentals
Signal
52-week high / low
$167.25 / $137.62
Forward P/E
20.7×
Trailing 21.4×
Dividend
$4.26 / share
Yield 2.87%
Analysts covering
23
Avg target $163.43
Beta
0.38
vs. S&P 500
Short interest
1.0%
Float shorted
Buy
60%
Hold
40%
Sell
0%
Wall Street consensus — sourced weekly via public disclosures
Analyst coverage data sourced from public filings. Xavier analyst thesis summary available after weekly Perplexity scan completes.
Financial summary — Gemini analysis
Signal
Revenue
$84,284 million
+0.3% YoY
Operating margin
24.3%
Net income
$15,974 million
Free cash flow
$14,044 million
Dividend / share
$4.08
Total debt
$34,508 million
Cash: $9,556 million
Earnings quality:MEDIUM
Recurring revenue:90%
Cash conversion:1.1x
Non-recurring items: Incremental restructuring charges of $801 million after tax related to the substantial liquidation of operations in Argentina., Total incremental restructuring charges incurred from December 2023 through September 2024 were $1.2 billion after tax.
Confidence 5.9 / 10 · 100% model agreement ·
Scheduled Jun 07, 2026
PG's ~4% single-day surge on June 5 appears driven by post-Q3 earnings relief and conference-driven sentiment following an Evercore appearance on June 10, but the move has pulled the stock well off its 52-week low and closer to a neutral valuation zone. The stock trades at ~21x TTM P/E with organic sales growth of only 3% in the most recent quarter, revenue growth near zero on a trailing basis, and full-year FY2026 guidance tilted toward the lower end due to ~$1B in combined tariff and Middle East conflict headwinds. With the macro backdrop neutral-to-bearish and the post-earnings pop already largely captured, the risk/reward is balanced at best.
Strongest bull case
Q3 FY2026 showed broad-based organic sales recovery across all 10 product categories and all 7 regions, with core EPS +3% YoY; leadership conference appearances signal management confidence and could deliver incremental positive commentary on pricing power and margin trajectory. UBS recently raised its price target to $172, implying meaningful upside from current levels.
Strongest bear case
PG guided full-year FY2026 results to the lower end of its range due to ~$500M pre-tax in tariff costs and ~$150M after-tax from Middle East conflict headwinds, with nearly all of these costs hitting Q4 FY2026 — creating a concrete near-term earnings drag. The stock just surged ~4% in a single session, meaning much of the conference-driven optimism is already priced into the next 5 trading days.
What the market may be missing
The June 5 rally may be front-running positive commentary at the June 10 Evercore conference, but the Q4 FY2026 earnings report (due late July) will reveal the full brunt of the $500M pre-tax tariff hit that management said would land almost entirely in Q4 — meaning the stock could face a sell-the-news dynamic once that print arrives, capping near-term upside from today's elevated level.
Chairman of the Board, President and Chief Executive Officer · Procter & Gamble Company
CEO since 2021-11-01
Total compensation
$21,909,816 ▼ 4.6% YoY
Prior year: $22,963,881
Pay vs performance
MODERATE
Board assessment
Say-on-pay approval
91%
Shareholder vote
Board independence
12/14 (86%)
Diversity: 50% (5 women)
Base salary$1,637,500
Bonus / incentive$1,887,600
Stock awards$11,519,645
CEO letter to shareholders
Signal
No shareholder letter on file for PG
Some companies file their annual report without a separate CEO letter.
When available, Xavier extracts strategic themes, tone analysis, and
forward-looking statements to help you read between the lines.
Executive compensation
Signal
Name
Title
Total compensation
Jon R. Moeller
Chairman of the Board, President, and CEO
$21,909,816
Andre Schulten
Chief Financial Officer
$8,515,506
Shailesh Jejurikar
Chief Operating Officer
$9,591,687
Jennifer L. Davis
CEO - Health Care
$6,040,046
Sundar Raman
CEO - Fabric and Home Care
$7,183,551
Source: DEF 14A proxy statement · 2025-08-29
Governance
Pro
Dual-class shares:Yes
Poison pill:No
Clawback policy:Yes
Stock ownership req.:Yes
Shareholder proposals
Requesting Additional Reporting on Plastic Packaging
AGAINST
Pending
Debt intelligence
Pro
0.44x
Debt / Equity
23.6x
Interest coverage
19%
Debt / Assets
Xavier risk radar
Pro
Covenant headroom
Low leverage — no covenants required
Earnings quality
MEDIUM (cash conversion 1.1x)
Risk trend
Risk increasing — Global macroeconomic factors and geopolitical conditions leading to foreign curr
Mgmt narrative
Management tone: Bullish
Analyst drift
Consensus Buy — targets stable
Insider sentiment
Pattern detection — 90 days needed
Signal history
Signal
Date
Direction
Conf.
Agree.
Thesis
Price
Type
Jun 07, 2026
NEUTRAL
5.9/10
100%
PG's ~4% single-day surge on June 5 appears driven by post-Q3 earnings relief and conference-driven ...
$146.54
Sched.
May 31, 2026
NEUTRAL
6.0/10
100%
PG sits in an uncomfortable middle ground: the stock has fallen ~15% from its 52-week high and trade...
$143.56
Sched.
May 24, 2026
NEUTRAL
5.7/10
100%
PG trades at ~21x TTM P/E — roughly in line with the S&P 500 average — but offers only anemic revenu...
$144.44
Sched.
May 17, 2026
NEUTRAL
5.9/10
100%
PG's Q3 FY2026 earnings beat on both top and bottom line, with volume growth returning for the first...
$141.57
Sched.
May 10, 2026
NEUTRAL
6.1/10
100%
PG's Q3 FY2026 beat is fully digested — the stock surged ~4% on April 24 and has since drifted back ...
$146.42
Sched.
May 03, 2026
NEUTRAL
6.1/10
100%
PG trades at ~21x TTM P/E and ~20.8x forward P/E — roughly fair for a consumer staples defensive, bu...
$147.26
Sched.
Apr 12, 2026
NEUTRAL
5.7/10
50%
PG is trading at roughly $145, a ~12% discount to the average analyst price target of ~$165, with Q3...
$145.16
Sched.
Showing last 7 signals
PGProcter & Gamble Company
Signal
FY2026 annual report (10-K filed 2025-08-04)
INCOME STATEMENT
?Revenue
$84,284 million+0.3% YoY
Total sales from food, beverages, household products, and personal care items. Up +0.3% from last year.
?Operating income
$20,451 million
What remains after subtracting all operating costs — salaries, materials, rent, R&D — from revenue. This is the profit from actually running the business, before interest and taxes. Operating margin is 24.3%, meaning 24 cents of every dollar of revenue becomes operating profit.
?Net income
$15,974 million
The bottom line — what the company actually earned after all expenses, interest, and taxes. This is the number that gets divided by shares outstanding to calculate earnings per share (EPS), which directly affects the stock price. Net margin is 18.5%. Note: results include non-recurring items (incremental restructuring charges of $801 million after tax related to the substantial liquidation of operations in argentina., total incremental restructuring charges incurred from december 2023 through september 2024 were $1.2 billion after tax.) that may not repeat.
?Free cash flow
$14,044 million
Operating cash flow minus capital expenditure. This is the money available for dividends, share buybacks, debt repayment, or acquisitions. Free cash flow is what many professional investors consider the truest measure of financial health.
?EPS (diluted)
$1.63
Earnings per share — net income divided by total shares outstanding (including stock options and convertible bonds that could become shares). This is the single number most investors watch because it directly connects company profits to your ownership stake.
?Dividend per share
$4.08
Cash paid to shareholders each year for every share they own. Staples companies are known for reliable, growing dividends — consumers buy toothpaste and cereal in any economy.
BALANCE SHEET
?Total assets
$128.4B
Everything the company owns — cash, factories, equipment, patents, inventory, investments. Includes brand portfolios, manufacturing plants, distribution networks, and retail shelf space.
?Cash & equivalents
$9,556 million
Money available right now — bank accounts, money market funds, short-term government bonds. This is the company's financial cushion. More cash means more flexibility to invest, acquire, or survive a downturn without borrowing.
?Total debt
$34,508 million
All money the company owes — bonds, bank loans, credit facilities. Compare this to cash to understand the net debt position. The company holds $9,556 million in cash against this debt.
?Shares outstanding
2,454.4 million
Total number of shares that exist — owned by all investors, insiders, and institutions combined. When the company reports EPS, this is the denominator. Share buybacks reduce this number, which increases EPS even without earnings growth.
?Debt-to-equity ratio
0.4%
How much debt the company uses for every dollar of shareholder equity. Under 100% means more equity than debt (conservative). Over 200% means heavy leverage. Banks and utilities naturally run higher ratios.
CASH FLOW
?Depreciation & amortization
$785M
A non-cash expense that spreads the cost of manufacturing equipment and distribution infrastructure over their useful life. This reduces reported income but no cash actually leaves the company — that's why it gets added back to calculate EBITDA and operating cash flow.
EARNINGS QUALITY
?Accrual quality
MEDIUM
Measures how well reported earnings match actual cash generation. HIGH means earnings are backed by real cash. LOW means the company may be using accounting techniques to inflate reported numbers. Professional investors check this before trusting EPS.
?Recurring revenue
90%
90% of revenue comes from repeat sources — ongoing contracts, subscriptions, or regular customer purchasing patterns rather than one-time sales. Higher recurring revenue means more predictable future earnings.
?Cash conversion
1.1x
Operating cash flow divided by net income. Above 1.0x means the company generates more cash than it reports in profits — a sign of high-quality earnings. At 1.1x, the company is converting reported profits to cash efficiently.
?Non-recurring items
2 identified
One-time items that affect the bottom line but won't repeat: incremental restructuring charges of $801 million after tax related to the substantial liquidation of operations in argentina., total incremental restructuring charges incurred from december 2023 through september 2024 were $1.2 billion after tax.. When evaluating the company's true earning power, investors strip these out to see what the business earns on a normal basis.
?Management tone
Bullish
How management sounds in their SEC filings — are they confident, cautious, or defensive? This is analyzed from the actual language used in the 10-K annual report. A shift in tone from prior years can signal changing conditions before the numbers reflect it.
?Top risk factor
Increasing
Global macroeconomic factors and geopolitical conditions leading to foreign currency fluctuations, reduced product demand, and supply chain disruptions, as evidenced by prior year intangible asset impairment and current year restructuring charges. Risk trend: increasing. This is the single biggest threat to the company's future earnings as identified in their SEC filing.
Click any row to expand the plain-English explanation. Source: SEC EDGAR XBRL filings.
Capital intelligence
Signal
Weighted Average Cost of Capital · Return on Invested Capital · Economic Value Added
ROIC
23.06%
WACC
6.21%
🟢 VALUE CREATOR — EVA Spread: 16.86%
?WACC
6.21%
Weighted Average Cost of Capital — the minimum return Procter & Gamble Company must earn on its investments to satisfy both debt holders and shareholders. Computed from a 93.45% equity / 6.55% debt capital structure. If the company earns less than 6.21% on its invested capital, it is destroying shareholder value.
?Cost of equity
6.34%
The return shareholders demand for holding PG stock instead of a risk-free Treasury bond. Computed using the Capital Asset Pricing Model: Risk-Free Rate (4.25%) + Beta (0.38) × Equity Risk Premium (5.50%). A beta of 0.38 means PG is less volatile than the overall market.
?Cost of debt (after-tax)
4.35%
What Procter & Gamble Company effectively pays on its borrowed money after the tax deduction on interest. Interest is tax-deductible, so the true cost is lower than the stated rate. Effective tax rate used: 21.00%.
?Capital structure
E: 93.45% / D: 6.55%
How Procter & Gamble Company finances its operations — the split between equity (stock market value: $340.2B) and debt (total borrowings: $23.9B). More debt means more leverage — higher potential returns but higher risk.
?ROIC
23.06%
Return on Invested Capital — how efficiently Procter & Gamble Company turns its total invested capital into after-tax operating profit. NOPAT ($15.9B) ÷ Invested Capital ($69.0B). This exceeds WACC, meaning the company creates value for shareholders.
?EVA
$11.6B
Economic Value Added — the dollar amount of value Procter & Gamble Company created (or destroyed) above its cost of capital. NOPAT ($15.9B) minus the capital charge (Invested Capital × WACC = $4.3B). Positive EVA means every dollar of capital is earning more than it costs.
?NOPAT
$15.9B
Net Operating Profit After Tax — operating income adjusted for taxes, ignoring how the company is financed. Operating Income ($20.2B) × (1 - Tax Rate 21.00%). This isolates the company's core business profitability from its financing decisions.
Xavier consensus signals are intelligence outputs, not investment advice. All signals are generated by a multi-model AI system and reflect public information at time of generation. Past signal accuracy does not guarantee future performance. Wall Street analyst consensus sourced from public disclosures, summarized weekly. Financial data sourced from SEC EDGAR and yfinance. Insider transactions sourced from SEC EDGAR Form 4 filings. Updated Jun 07, 2026.