NYSE · Consumer Defensive

Colgate-Palmolive Company

CL · Household & Personal Products

$85.17

▼ -2.09 (-2.4%)

Data cached · refreshes every 10 min

Mr. Market is currently offering Colgate-Palmolive Company at $85.17.

The business passes only 3 of 7 of Graham's defensive criteria — well below his required standard.

Overall Grade

Defensive

Enterprising

Profitability B

Gross Profit Margin 60.1%

Operating Margin 20.8%

Net Income Margin 10.5%

Fin. Health F

Years to Pay Off Debt 4.0 yrs

Working Capital vs Long-Term Debt -$8.0B

Working Capital -$1.1B

Valuation F

Margin of Safety 0.0%

Price-to-Book 1265.41x

Cash Flow B

Free Cash Flow $3.6B

CapEx % of Net Income 26.5%

Owner Earnings $3.3B

3/7

Graham Score

Speculative

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

Market Data

Market Cap $68.3B

Enterprise Value $76.7B

P/E (TTM) 32.38

Dividend Yield 2.38%

Exchange NYSE

Key Margins

Gross Profit 60.1%

Operating Margin 20.8%

Net Margin 10.5%

Company Info

Sector Consumer Defensive

Industry Household & Personal Products

Employees 33600

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering Colgate-Palmolive Company at $85.17.

The business passes only 3 of 7 of Graham's defensive criteria — well below his required standard.

At $85.17, the stock trades at a 4158% premium to its Graham Number of $2.00. Graham would consider this price speculative.

There is no margin of safety at the current price. Graham would advise patience and waiting for a better entry point.

Negative NCAV — liabilities exceed current assets. Common in capital-return businesses (buybacks, debt-funded dividends) and capital-intensive industries. Not automatically a warning sign..

Conclusion: By Graham's standards, this stock is speculative at its current price. The intelligent investor would look elsewhere or wait.

About Colgate-Palmolive Company

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items. This segment markets and sells its products under the Colgate, Palmolive, Darlie, elmex, hello, meridol, Sorriso, Tom's of Maine, EltaMD, Filorga, Irish Spring, Lady Speed Stick, PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Murphy, Soupline, and Suavitel brands to a range of traditional and eCommerce retailers, wholesalers, and distributors, as well as dentists and skin health professionals. It also offers pharmaceutical products for dentists and other oral health professionals. The Pet Nutrition segment offers pet nutrition products for everyday nutritional needs under the Hill's Science Diet brand; and a range of therapeutic pet products to help nutritionally support dogs and cats in different stages of health under the Hill's Prescription Diet brand; and a fresh pet food sold to pet specialty and other retailers in Australia under Prime100 brand. This segment markets and sells its products through pet supply retailers, veterinarians, and eCommerce retailers. Colgate-Palmolive Company was founded in 1806 and is headquartered in New York, New York.

Showing Key Metrics

Income Highlights

Metric	2025	2024	2023	2022	2021
Gross Profit %	60.1% ▼	60.5%	58.2%	57.0%	N/A
Operating Margin %	20.8% ▼	21.5%	21.0%	20.1%	N/A
Net Income %	10.5% ▼	14.4%	11.8%	9.9%	N/A
Diluted EPS	2.63 ▼	3.51	2.77	2.13	N/A

Balance Sheet Highlights

Metric	2025	2024	2023	2022	2021
Total Assets	$16.3B	$16.0B	$16.4B	$15.7B	N/A
Total Debt	$8.6B ↑	$8.5B	$9.1B	$9.3B	N/A
Working Capital	-$1.1B ▼	-$442M	$538M	$1.1B	N/A
Years to Pay Debt	4.01	2.95	3.94	5.19	N/A

Cash Flow Highlights

Metric	2025	2024	2023	2022	2021
Free Cash Flow	$3.6B ▲	$3.5B	$3.0B	$1.9B	N/A
Owner Earnings	$3.3B	$4.1B	$3.6B	$3.0B	N/A
CapEx % of Net Income	26.5%	19.4%	30.7%	39.0%	N/A

Income Statement

	2025	2024	2023	2022	2021
Tax Effect Of Unusual Items	-242,348	-1,376	-9,936	-175,131
Tax Rate For Calcs	0	0	0	0
Normalized EBITDA	4,885,000	4,859,000	4,282,000	4,043,000
Total Unusual Items	-929,000	-6,000	-36,000	-671,000
Total Unusual Items Excluding Goodwill	-929,000	-6,000	-36,000	-671,000
Net Income From Continuing Operation Net Minority Interest	2,132,000	2,889,000	2,300,000	1,785,000
Reconciled Depreciation	630,000	605,000	567,000	545,000
Reconciled Cost Of Revenue	7,579,000	7,410,000	7,636,000	7,254,000
EBITDA	3,956,000	4,853,000	4,246,000	3,372,000
EBIT	3,326,000	4,248,000	3,679,000	2,827,000
Net Interest Income	-192,000	-225,000	-232,000	-153,000
Interest Expense	267,000	292,000	287,000	167,000
Interest Income	75,000	67,000	55,000	14,000
Normalized Income	2,818,652	2,893,624	2,326,064	2,280,869
Net Income From Continuing And Discontinued Operation	2,132,000	2,889,000	2,300,000	1,785,000
Total Expenses	16,149,000	15,771,000	15,372,000	14,350,000
Total Operating Income As Reported	3,306,000	4,268,000	3,984,000	2,893,000
Diluted Average Shares	811,100	823,200	829,200	838,800
Basic Average Shares	808,700	819,100	827,400	836,400
Diluted EPS	0	0	0	0
Basic EPS	0	0	0	0
Diluted NI Availto Com Stockholders	2,132,000	2,889,000	2,300,000	1,785,000
Net Income Common Stockholders	2,132,000	2,889,000	2,300,000	1,785,000
Net Income	2,132,000	2,889,000	2,300,000	1,785,000
Minority Interests	-129,000	-160,000	-155,000	-182,000
Net Income Including Noncontrolling Interests	2,261,000	3,049,000	2,455,000	1,967,000
Net Income Continuous Operations	2,261,000	3,049,000	2,455,000	1,967,000
Tax Provision	798,000	907,000	937,000	693,000
Pretax Income	3,059,000	3,956,000	3,392,000	2,660,000
Other Income Expense	-982,000	-149,000	-461,000	-804,000
Other Non Operating Income Expenses	-73,000	-165,000	-442,000	-145,000
Special Income Charges	-928,000	0	-25,000	-693,000
Gain On Sale Of Ppe		0	0	47,000	0
Other Special Charges			25,000		75,000
Write Off					10,000
Impairment Of Capital Assets	919,000	0	0	721,000
Restructuring And Mergern Acquisition	9,000	0	0	19,000
Earnings From Equity Interest	20,000	22,000	17,000	12,000
Gain On Sale Of Security	-1,000	-6,000	-11,000	22,000
Net Non Operating Interest Income Expense	-192,000	-225,000	-232,000	-153,000
Interest Expense Non Operating	267,000	292,000	287,000	167,000
Interest Income Non Operating	75,000	67,000	55,000	14,000
Operating Income	4,233,000	4,330,000	4,085,000	3,617,000
Operating Expense	8,018,000	7,831,000	7,241,000	6,631,000
Other Operating Expenses				65,000	4,000
Other Taxes	37,000	27,000	18,000	-14,000
Depreciation Amortization Depletion Income Statement	78,000	75,000	72,000	80,000
Depreciation And Amortization In Income Statement	78,000	75,000	72,000	80,000
Amortization	78,000	75,000	72,000	80,000
Amortization Of Intangibles Income Statement	78,000	75,000	72,000	80,000
Selling General And Administration	7,903,000	7,729,000	7,151,000	6,565,000
Gross Profit	12,251,000	12,161,000	11,326,000	10,248,000
Cost Of Revenue	8,131,000	7,940,000	8,131,000	7,719,000
Total Revenue	20,382,000	20,101,000	19,457,000	17,967,000
Operating Revenue	20,382,000	20,101,000	19,457,000	17,967,000

Balance Sheet

	2025	2024	2023	2022	2021
Treasury Shares Number	664,467	653,132	644,294	635,494
Ordinary Shares Number	801,240	812,575	821,413	830,213
Share Issued	1,465,706	1,465,706	1,465,706	1,465,706
Net Debt	6,700,000	6,853,000	7,583,000	7,991,000
Total Debt	8,554,000	8,512,000	9,064,000	9,271,000
Tangible Book Value	-4,604,000	-4,816,000	-4,688,000	-4,871,000
Invested Capital	8,042,000	8,161,000	9,158,000	9,167,000
Working Capital	-1,144,000	-442,000	538,000	1,109,000
Net Tangible Assets	-4,604,000	-4,816,000	-4,688,000	-4,871,000
Capital Lease Obligations	566,000	563,000	515,000	505,000
Common Stock Equity	54,000	212,000	609,000	401,000
Total Capitalization	6,925,000	7,501,000	8,828,000	9,142,000
Total Equity Gross Minority Interest	365,000	544,000	957,000	806,000
Minority Interest	311,000	332,000	348,000	405,000
Stockholders Equity	54,000	212,000	609,000	401,000
Other Equity Interest				-1,000	-1,000
Gains Losses Not Affecting Retained Earnings	-3,879,000	-4,222,000	-3,937,000	-4,055,000
Other Equity Adjustments	-3,879,000	-4,222,000	-3,937,000	-4,055,000
Treasury Stock	28,450,000	27,358,000	26,017,000	25,128,000
Retained Earnings	26,595,000	26,145,000	25,289,000	24,573,000
Additional Paid In Capital	4,322,000	4,181,000	3,808,000	3,546,000
Capital Stock	1,466,000	1,466,000	1,466,000	1,466,000
Common Stock	1,466,000	1,466,000	1,466,000	1,466,000
Total Liabilities Net Minority Interest	15,965,000	15,502,000	15,436,000	14,925,000
Total Non Current Liabilities Net Minority Interest	9,112,000	9,743,000	10,695,000	10,921,000
Other Non Current Liabilities	362,000	320,000	305,000	271,000
Employee Benefits	1,241,000	1,306,000	1,390,000	1,129,000
Non Current Pension And Other Postretirement Benefit Plans	1,241,000	1,306,000	1,390,000	1,129,000
Non Current Accrued Expenses	9,000	29,000	0	0
Non Current Deferred Liabilities	181,000	343,000	361,000	383,000
Non Current Deferred Taxes Liabilities	181,000	343,000	361,000	383,000
Long Term Debt And Capital Lease Obligation	7,319,000	7,745,000	8,639,000	9,138,000
Long Term Capital Lease Obligation	448,000	456,000	420,000	397,000
Long Term Debt	6,871,000	7,289,000	8,219,000	8,741,000
Current Liabilities	6,853,000	5,759,000	4,741,000	4,004,000
Other Current Liabilities	22,000	23,000	26,000	15,000
Current Debt And Capital Lease Obligation	1,235,000	767,000	425,000	133,000
Current Capital Lease Obligation	118,000	107,000	95,000	108,000
Current Debt	1,117,000	660,000	330,000	25,000
Other Current Borrowings	1,117,000	660,000	330,000	25,000
Pensionand Other Post Retirement Benefit Plans Current	96,000	93,000	96,000	82,000
Payables And Accrued Expenses	5,500,000	4,876,000	4,194,000	3,774,000
Current Accrued Expenses	2,356,000	2,098,000	1,993,000	1,773,000
Interest Payable	72,000	72,000	78,000	59,000
Payables	3,144,000	2,778,000	2,201,000	2,001,000
Dividends Payable	418,000	408,000	0
Total Tax Payable	637,000	565,000	503,000	450,000
Income Tax Payable	383,000	403,000	336,000	317,000
Accounts Payable	2,089,000	1,805,000	1,698,000	1,551,000
Total Assets	16,330,000	16,046,000	16,393,000	15,731,000
Total Non Current Assets	10,621,000	10,729,000	11,114,000	10,618,000
Other Non Current Assets	1,098,000	1,084,000	1,021,000	904,000
Non Current Deferred Assets	205,000	195,000	214,000	135,000
Non Current Deferred Taxes Assets	205,000	195,000	214,000	135,000
Goodwill And Other Intangible Assets	4,658,000	5,028,000	5,297,000	5,272,000
Other Intangible Assets	1,536,000	1,756,000	1,887,000	1,920,000
Goodwill	3,122,000	3,272,000	3,410,000	3,352,000
Net PPE	4,660,000	4,422,000	4,582,000	4,307,000
Accumulated Depreciation	-6,196,000	-5,705,000	-5,704,000	-5,276,000
Gross PPE	10,856,000	10,127,000	10,286,000	9,583,000
Other Properties	1,516,000	1,580,000	1,647,000	1,577,000
Machinery Furniture Equipment	6,935,000	6,265,000	6,365,000	6,001,000
Buildings And Improvements	2,171,000	2,056,000	2,047,000	1,825,000
Land And Improvements	234,000	226,000	227,000	180,000
Current Assets	5,709,000	5,317,000	5,279,000	5,113,000
Other Current Assets	714,000	713,000	793,000	760,000
Inventory	2,032,000	1,987,000	1,934,000	2,074,000
Inventories Adjustments Allowances	-125,000	-121,000	-129,000	-148,000
Finished Goods	1,479,000	1,431,000	1,411,000	1,508,000
Work In Process	46,000	46,000	46,000	48,000
Raw Materials	632,000	631,000	606,000	666,000
Receivables	1,675,000	1,521,000	1,586,000	1,504,000
Accounts Receivable	1,675,000	1,521,000	1,586,000	1,504,000
Allowance For Doubtful Accounts Receivable	-90,000	-85,000	-80,000	-70,000
Gross Accounts Receivable	1,765,000	1,606,000	1,666,000	1,574,000
Cash Cash Equivalents And Short Term Investments	1,288,000	1,096,000	966,000	775,000
Cash And Cash Equivalents	1,288,000	1,096,000	966,000	775,000

Cash Flow

	2025	2024	2023	2022	2021
Free Cash Flow	3,634,000	3,546,000	3,040,000	1,860,000
Repurchase Of Capital Stock	-1,210,000	-1,739,000	-1,128,000	-1,308,000
Repayment Of Debt	-655,000	-503,000	-903,000	-406,000
Issuance Of Debt	1,188,000	2,000	1,495,000	1,513,000
Capital Expenditure	-564,000	-561,000	-705,000	-696,000
Interest Paid Supplemental Data	270,000	302,000	280,000	151,000
Income Tax Paid Supplemental Data	913,000	933,000	937,000	945,000
End Cash Position	1,288,000	1,096,000	966,000	775,000
Beginning Cash Position	1,096,000	966,000	775,000	832,000
Effect Of Exchange Rate Changes	67,000	-54,000	-19,000	-60,000
Changes In Cash	125,000	184,000	210,000	3,000
Financing Cash Flow	-3,256,000	-3,389,000	-2,793,000	-952,000
Cash Flow From Continuing Financing Activities	-3,256,000	-3,389,000	-2,793,000	-952,000
Net Other Financing Charges	132,000	-91,000	18,000	-18,000
Proceeds From Stock Option Exercised	101,000	638,000	380,000	418,000
Cash Dividends Paid	-1,823,000	-1,789,000	-1,749,000	-1,691,000
Common Stock Dividend Paid	-1,823,000	-1,789,000	-1,749,000	-1,691,000
Net Common Stock Issuance	-1,210,000	-1,739,000	-1,128,000	-1,308,000
Common Stock Payments	-1,210,000	-1,739,000	-1,128,000	-1,308,000
Net Issuance Payments Of Debt	-456,000	-408,000	-314,000	1,647,000
Net Short Term Debt Issuance	-989,000	93,000	-906,000	540,000
Net Long Term Debt Issuance	533,000	-501,000	592,000	1,107,000
Long Term Debt Payments	-655,000	-503,000	-903,000	-406,000
Long Term Debt Issuance	1,188,000	2,000	1,495,000	1,513,000
Investing Cash Flow	-817,000	-534,000	-742,000	-1,601,000
Cash Flow From Continuing Investing Activities	-817,000	-534,000	-742,000	-1,601,000
Net Other Investing Changes	-14,000	37,000	-33,000	5,000
Net Investment Purchase And Sale	54,000	-10,000	-4,000	-148,000
Sale Of Investment	752,000	564,000	502,000	322,000
Purchase Of Investment	-698,000	-574,000	-506,000	-470,000
Net Business Purchase And Sale	-293,000	0	0	-809,000
Purchase Of Business	-293,000	0	0	-809,000
Net PPE Purchase And Sale		0	0	47,000	0
Sale Of PPE		0	0	47,000	0
Capital Expenditure Reported	-564,000	-561,000	-705,000	-696,000
Operating Cash Flow	4,198,000	4,107,000	3,745,000	2,556,000
Cash Flow From Continuing Operating Activities	4,198,000	4,107,000	3,745,000	2,556,000
Change In Working Capital	284,000	344,000	455,000	-726,000
Change In Other Working Capital		-16,000	-11,000	-51,000	-55,000
Change In Other Current Liabilities	-95,000	-44,000	-64,000
Change In Other Current Assets	35,000	28,000	53,000
Change In Payables And Accrued Expense	251,000	516,000	309,000	-115,000
Change In Inventory	109,000	-100,000	194,000	-333,000
Change In Receivables	-16,000	-56,000	-37,000	-227,000
Other Non Cash Items	58,000	51,000	244,000	49,000
Stock Based Compensation	155,000	135,000	122,000	125,000
Asset Impairment Charge	919,000	0	0	721,000
Deferred Tax	-109,000	-77,000	-98,000	-78,000
Deferred Income Tax	-109,000	-77,000	-98,000	-78,000
Depreciation Amortization Depletion	630,000	605,000	567,000	545,000
Depreciation And Amortization	630,000	605,000	567,000	545,000
Operating Gains Losses				-47,000	75,000
Gain Loss On Sale Of PPE		0	0	-47,000	0
Net Income From Continuing Operations	2,261,000	3,049,000	2,455,000	1,967,000

These metrics estimate what Colgate-Palmolive Company is worth based on its fundamentals — independent of what the market currently prices it at. Graham's Fair Value and NCAV are conservative floors rooted in 1930s–60s principles. EPV assumes zero growth. None are price targets — they are reference points for judging whether the current price offers a margin of safety.

Graham's Fair Value

$2.00

Margin of Safety

Market Cap ÷ Company Value

18.97

P/B Ratio

1,265.41

Warren's Owner Earnings

$3.3B

Latest fiscal year

Graham's 7 Criteria

Defensive Investor Checklist

3/7 — Speculative Investor

✅ Adequate Size

$20.4B

vs > $1.5B revenue

❌ Strong Financial Condition

0.83x

vs Current Ratio > 2.0x

✅ Earnings Stability

No loss years (4 yrs data)

vs No negative EPS years

✅ Dividend Record

2.38%

vs Uninterrupted dividends

❌ Earnings Growth

+23.5% EPS growth

vs > 33% EPS growth

❌ Moderate P/E Ratio

32.4x

vs P/E ≤ 15.0x

❌ Moderate Price-to-Book

1265.41x P/B (P/E×P/B: 40979.0)

vs P/B ≤ 1.5x | P/E × P/B ≤ 22.5

Net Current Asset Value

$-12.78

Negative NCAV — liabilities exceed current assets. Common in capital-return businesses (buybacks, debt-funded dividends) and capital-intensive industries. Not automatically a warning sign.

"Buy at two-thirds of net current assets." — Graham

Earnings Power Value

$58.62

Per share, no-growth floor. Compare to current price.

Cash Flow Analysis

Metric	2025	2024	2023	2022	2021
Capital Expenditure % of Net Income	26.5%	19.4%	30.7%	39.0%	N/A
Repurchase of Capital Stock	-$1.2B	-$1.7B	-$1.1B	-$1.3B	N/A
Free Cash Flow	$3.6B ▲	$3.5B ▲	$3.0B ▲	$1.9B •	N/A •
Warren's Owner Earnings	$3.3B	$4.1B	$3.6B	$3.0B	N/A

Peers & Industry

No auto-detected peers for Household & Personal Products. You can manually compare CL against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.15%

Low — management has little skin in the game

Return on Equity (ROE)

3948.1%

Excellent — management generates strong returns on equity

Return on Assets (ROA)

13.1%

Strong — management uses assets efficiently

Share Buybacks (Latest Year)

$1.2B

Management is returning capital to shareholders via buybacks

Debt Trend YoY

+0.5% YoY

Debt is roughly stable

Leadership Team

Noel Wallace

Chairman, CEO & President

Age 61

Pay: $4,844,819

0.227% of net income

Stanley Sutula III

Chief Financial Officer

Age 59

Pay: $2,543,434

0.119% of net income

Panagiotis Tsourapas

COO of Europe, Asia Pacific, Africa Eurasia & Skin Health & Global Customer Dev.

Age 60

Pay: $2,162,369

0.101% of net income

Shane Grant

Chief Operating Officer of Americas

Age 50

Pay: $3,064,196

0.144% of net income

Claire Ross

Executive Vice President of Investor Relations

Top Institutional Holders

Institution	% Owned	Shares
Vanguard Group Inc	10.46%	83,947,987
Blackrock Inc.	8.78%	70,471,908
State Street Corporation	6.04%	48,474,785
Price (T.Rowe) Associates Inc	3.89%	31,187,277
Geode Capital Management, LLC	2.76%	22,103,901
Morgan Stanley	2.40%	19,246,217
NORGES BANK	1.36%	10,904,453
Deutsche Bank AG	1.35%	10,845,857

⚠️ Very high debt-to-equity — leverage risk

Risk Analysis

Beta (Market Risk)

0.30

Low volatility — more stable than the market

Short Interest

2.7% of float

Low short interest — market is not heavily bearish

Debt-to-Equity

16.41x

High leverage — significant financial risk

Current Ratio

1.02x

Adequate liquidity

52-Week Price Range

Low: $74.55 Current: $85.17 High: $99.33

Currently at 43% of 52-week range

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