Latest Ratios: P/E Ratio 18.9x · EV/EBITDA 14.4x · ROE 153.9%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $38.1B | $33.6B | $44.2B | $41.2B | $45.9B | $48.4B | $46.2B | $47.5B | $39.8B | $42.9B | $41.3B |
| Enterprise Value | $44.6B | $40.1B | $51.1B | $48.2B | $54.0B | $56.9B | $54.4B | $55.0B | $46.7B | $49.8B | $47.9B |
| P/E Ratio → | 18.90 | 16.62 | 17.36 | 23.32 | 23.73 | 26.71 | 19.63 | 22.04 | 28.27 | 18.85 | 19.05 |
| P/S Ratio | 2.21 | 1.95 | 2.20 | 2.01 | 2.28 | 2.49 | 2.41 | 2.58 | 2.15 | 2.35 | 2.27 |
| P/B Ratio | 23.14 | 20.34 | 45.29 | 38.55 | 65.61 | 65.70 | 53.14 | 245.04 | — | 48.69 | 352.80 |
| P/FCF | 23.24 | 20.50 | 17.57 | 14.83 | 24.73 | 28.10 | 18.38 | 31.13 | 19.03 | 20.03 | 16.77 |
| P/OCF | 13.72 | 12.10 | 13.66 | 11.62 | 16.80 | 17.74 | 12.38 | 17.37 | 13.41 | 14.66 | 12.77 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.33 | 2.55 | 2.36 | 2.68 | 2.92 | 2.84 | 2.98 | 2.53 | 2.72 | 2.63 |
| EV / EBITDA | 14.35 | 12.91 | 12.79 | 15.56 | 15.73 | 17.09 | 13.46 | 14.07 | 15.03 | 12.19 | 11.72 |
| EV / EBIT | 17.91 | 16.09 | 15.97 | 20.82 | 20.61 | 22.92 | 17.09 | 18.88 | 22.52 | 15.04 | 14.40 |
| EV / FCF | — | 24.46 | 20.32 | 17.36 | 29.10 | 33.00 | 21.65 | 36.00 | 22.34 | 23.21 | 19.47 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.6% | 35.6% | 35.8% | 34.4% | 30.8% | 30.8% | 35.6% | 32.7% | 30.3% | 36.1% | 36.8% |
| Operating Margin | 14.5% | 14.5% | 16.0% | 11.5% | 13.3% | 13.2% | 16.9% | 16.2% | 12.1% | 18.4% | 18.6% |
| Net Profit Margin | 11.7% | 11.7% | 12.7% | 8.6% | 9.6% | 9.3% | 12.3% | 11.7% | 7.6% | 12.5% | 11.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 153.9% | 153.9% | 249.1% | 199.5% | 269.2% | 225.9% | 442.5% | 2914.9% | 337.3% | 456.1% | 2759.2% |
| ROA | 12.0% | 12.0% | 15.0% | 10.0% | 10.8% | 10.3% | 14.3% | 14.5% | 9.5% | 15.3% | 14.7% |
| ROIC | 23.3% | 23.3% | 30.2% | 20.8% | 22.4% | 21.1% | 29.2% | 30.9% | 23.0% | 34.8% | 36.3% |
| ROCE | 25.3% | 25.3% | 32.2% | 22.3% | 24.7% | 23.1% | 33.4% | 36.6% | 25.8% | 37.2% | 39.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.34 | 4.34 | 8.12 | 7.60 | 12.21 | 11.81 | 9.78 | 40.60 | — | 8.42 | 64.72 |
| Debt / EBITDA | 2.31 | 2.31 | 1.98 | 2.62 | 2.49 | 2.62 | 2.10 | 2.02 | 2.40 | 1.82 | 1.85 |
| Net Debt / Equity | — | 3.92 | 7.07 | 6.57 | 11.60 | 11.44 | 9.43 | 38.32 | — | 7.72 | 56.83 |
| Net Debt / EBITDA | 2.09 | 2.09 | 1.73 | 2.27 | 2.36 | 2.54 | 2.03 | 1.90 | 2.22 | 1.67 | 1.63 |
| Debt / FCF | — | 3.95 | 2.74 | 2.53 | 4.37 | 4.89 | 3.26 | 4.87 | 3.30 | 3.18 | 2.70 |
| Interest Coverage | 9.73 | 9.73 | 11.84 | 7.90 | 9.30 | 9.69 | 12.63 | 11.15 | 7.89 | 10.41 | 10.43 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.75 | 0.75 | 0.80 | 0.82 | 0.78 | 0.82 | 0.80 | 0.73 | 0.77 | 0.89 | 0.87 |
| Quick Ratio | 0.54 | 0.54 | 0.54 | 0.54 | 0.47 | 0.49 | 0.51 | 0.47 | 0.49 | 0.58 | 0.59 |
| Cash Ratio | 0.10 | 0.10 | 0.15 | 0.16 | 0.06 | 0.04 | 0.05 | 0.06 | 0.08 | 0.11 | 0.16 |
| Asset Turnover | — | 1.00 | 1.21 | 1.18 | 1.12 | 1.09 | 1.09 | 1.21 | 1.27 | 1.21 | 1.25 |
| Inventory Turnover | 7.52 | 7.52 | 7.07 | 6.85 | 6.15 | 6.01 | 6.47 | 6.94 | 7.11 | 6.54 | 6.88 |
| Days Sales Outstanding | — | 40.11 | 36.56 | 38.14 | 41.25 | 41.44 | 42.62 | 44.77 | 42.73 | 46.28 | 43.63 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.3% | 4.9% | 3.7% | 3.9% | 3.4% | 3.1% | 3.1% | 3.0% | 3.5% | 3.2% | 3.2% |
| Payout Ratio | 82.1% | 82.1% | 64.0% | 90.0% | 80.6% | 83.6% | 61.7% | 65.3% | 98.3% | 59.7% | 60.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.3% | 6.0% | 5.8% | 4.3% | 4.2% | 3.7% | 5.1% | 4.5% | 3.5% | 5.3% | 5.2% |
| FCF Yield | 4.3% | 4.9% | 5.7% | 6.7% | 4.0% | 3.6% | 5.4% | 3.2% | 5.3% | 5.0% | 6.0% |
| Buyback Yield | 0.4% | 0.4% | 2.3% | 0.5% | 0.2% | 0.8% | 1.5% | 1.7% | 2.0% | 2.1% | 1.8% |
| Total Shareholder Yield | 4.7% | 5.4% | 6.0% | 4.4% | 3.6% | 4.0% | 4.7% | 4.6% | 5.5% | 5.3% | 5.0% |
| Shares Outstanding | — | $333M | $337M | $339M | $338M | $339M | $343M | $346M | $350M | $356M | $362M |
High Leverage and Contraction
Based on current market data, KMB trades at a forward P/E of 14.53, which appears to discount the company's persistent top-line contraction and suggests that investors are pricing in a value-oriented recovery rather than any near-term acceleration in organic revenue growth or margin expansion.
The current P/E multiple sits at a discount to broader consumer staples peers, reflecting the market's skepticism regarding the company's ability to navigate commodity volatility and private-label competition. This valuation implies that the market expects limited earnings growth, placing the burden of proof on management to demonstrate that recent organizational restructuring can actually drive sustainable margin improvement.
As reported in financial statements, KMB's ROIC has struggled to maintain momentum, fluctuating between 4.3% and 9.7% over the last ten quarters, which suggests that the company is failing to consistently compound returns on its invested capital base relative to its historical performance.
The volatility in ROIC is largely driven by inconsistent operating margins and a capital-intensive manufacturing footprint that requires constant reinvestment. Investors should monitor whether the company can improve its asset turnover, which has remained stagnant at approximately 0.24 to 0.30, indicating that the current capital allocation strategy may be yielding diminishing returns.
According to quarterly data, KMB's cash conversion cycle has remained erratic, swinging from -21 days to -4 days, which indicates that the company's ability to manage its supplier and customer leverage is highly sensitive to shifts in inventory levels and trade credit terms.
The high DPO, consistently exceeding 100 days, suggests that KMB is aggressively utilizing supplier financing to manage its liquidity, which may mask underlying operational inefficiencies. This reliance on extended payment terms warrants further investigation, as it may limit the company's flexibility if supplier relationships or credit terms were to tighten.
Based on reported figures, KMB's debt-to-equity ratio has shown significant instability, reaching 3.70 in 2026Q1, which highlights a capital structure that remains heavily reliant on debt and leaves the company with limited room for error in a high-interest-rate environment.
The company's interest coverage ratio has also demonstrated notable volatility, dropping to 8.27 in 2025Q4, which suggests that debt service is becoming increasingly burdensome during periods of margin compression. This leverage profile appears to be a structural weakness that limits the company's ability to pursue aggressive M&A or R&D initiatives without further straining its balance sheet.
Investors frequently misapply the 4.6% dividend yield as a signal of financial strength, failing to recognize that in recent quarters, dividend payouts have occasionally exceeded free cash flow, suggesting that the current capital return policy may be unsustainable without continued reliance on external debt financing.
The dividend yield is often viewed as a defensive anchor, but it obscures the reality that cash generation is currently insufficient to cover both capital expenditures and shareholder distributions. A more appropriate metric for this business model would be the FCF payout ratio, which would reveal the true pressure on the company's cash reserves and the potential risk to its long-term dividend sustainability.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying KMB stock.
Kimberly-Clark Corporation's current P/E ratio is 18.9x. The historical average is 20.7x. This places it at the 50th percentile of its historical range.
Kimberly-Clark Corporation's current EV/EBITDA is 14.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.1x.
Kimberly-Clark Corporation's return on equity (ROE) is 153.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 111.0%.
Based on historical data, Kimberly-Clark Corporation is trading at a P/E of 18.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Kimberly-Clark Corporation's current dividend yield is 4.34% with a payout ratio of 82.1%.
Kimberly-Clark Corporation has 35.6% gross margin and 14.5% operating margin. Operating margin between 10-20% is typical for established companies.
Kimberly-Clark Corporation's Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.