Estee Lauder Companies Inc EL

Consumer StaplesPersonal & Household Products & ServicesUnited States of America

Last close 104.77 USD on Nov 2, 2026, +1.1% year to date

Quant rating

Quant rating B Rank 27 of 124 in Consumer Staples

Growth B 33 of 124
Valuation D 107 of 124
Quality C 50 of 124
Revisions A 15 of 124
Momentum A 16 of 124

Wall Street consensus Buy (2.40)Average target 112.04 USD +6.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 38.0B
Enterprise value: 41.8B
52-week range: 66.26 – 121.60
3-year range: 50.06 – 157.94
Dividend yield: 1.28%
Beta (5 years): 1.23
Shares outstanding: 362M
Next earnings: Nov 2, 2026

About the company

The Estee Lauder Companies Inc. is a manufacturer, marketer and seller of skin care, makeup, fragrance and hair care products. Its products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Lab Series, Origins, M.A.C, Bobbi Brown Cosmetics, La Mer, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, Kilian Paris, Too Faced, Dr.Jart+, and the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty. It is a license for fragrances, cosmetics and/or related products for AERIN, BALMAIN, and Dr. Andrew Weil. Its skin care products include moisturizers, serums, cleansers, toners, exfoliators, facial masks, body care, sun care products and others. Its makeup products include foundations, powders, concealers and setting sprays, lipsticks, lip liners and lip glosses, and mascaras, eyeshadows and eyeliners.

Growth and profitability fiscal year ends June 30

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	15,049	14,323	15,609	15,937	17,737	–
Revenue growth	5.1%	−8.2%	−2.1%	−10.1%	9.4%	−1.5%
EPS (basic, normalized)	2.51	1.51	2.59	3.46	7.24	–
EPS growth	66.2%	−41.7%	−25.1%	−52.2%	–	–
Gross margin	75.5%	74.0%	71.7%	71.4%	75.7%	73.7%
Net margin	1.6%	−7.9%	2.5%	6.3%	13.5%	3.2%
ROE	6.1%	−24.7%	7.2%	18.0%	41.0%	9.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	3,198
Current ratio	1.25x
Long-term debt (mil)	6,748
Net debt (mil)	4,053
Total equity (mil)	4,038
Net debt / equity	1.00x
Net debt / EBITDA	1.63x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	15,049	+5.1%	2.8x	2,483	+29.4%	16.8x	2.51	+66.2%	41.7x
2027	15,763	+4.7%	2.6x	2,869	+15.5%	14.6x	3.33	+32.7%	31.5x
2028	16,455	+4.4%	2.5x	3,255	+13.4%	12.8x	4.03	+20.9%	26.0x
2029	17,434	+6.0%	2.4x	3,504	+7.7%	11.9x	4.51	+11.9%	23.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	15,763	+0.3%	+1.3%	+1.2%	3.33	+0.1%	+4.8%	+5.2%
2028	16,455	+0.3%	+1.4%	+1.3%	4.03	+0.7%	+3.1%	+0.3%
2029	17,434	+1.4%	+3.0%	+1.5%	4.51	+0.4%	+4.3%	−11.1%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	3,940	3,871	3,361	4,004	3,550	3,408	3,481	4,229	3,712	3,627
Sales mean (mil)	3,913	3,813	3,371	3,967	3,518	3,397	3,382	4,225	3,689	3,543
Surprise	+0.7%	+1.5%	−0.3%	+0.9%	+0.9%	+0.3%	+2.9%	+0.1%	+0.6%	+2.4%
EPS reported	0.97	0.64	0.14	0.62	0.65	0.09	0.32	0.89	0.91	0.39
EPS mean	0.49	0.27	0.09	0.32	0.32	0.09	0.18	0.84	0.65	0.32
Surprise	+99.9%	+140.8%	+48.1%	+93.5%	+105.0%	+3.4%	+81.2%	+6.5%	+40.3%	+21.9%

Peer comparison Personal & Household Products & Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
EL Estee Lauder Companies Inc	38.0B	1.63x	1.6%	9.96x	31.5x	26.0x	14.6x	12.8x
PG The Procter & Gamble Company	379.1B	1.04x	18.1%	6.88x	23.4x	22.1x	16.4x	15.6x
OREP L'Oreal SA	259.7B	–	13.9%	6.87x	31.6x	28.8x	21.3x	19.7x
CL Colgate-Palmolive Company	77.4B	1.30x	10.5%	268.92x	24.9x	23.8x	16.4x	15.7x
KVUE Kenvue Inc.	37.1B	2.09x	9.7%	3.51x	16.4x	15.6x	12.1x	11.4x
KMB Kimberly-Clark Corporation	36.0B	1.61x	9.3%	20.57x	14.6x	14.6x	11.7x	11.0x
Mean		1.53x	10.5%	52.79x	23.7x	21.8x	15.4x	14.4x
Median		1.61x	10.1%	8.42x	24.2x	22.9x	15.5x	14.2x

Technical analysis

1M+13.9%
3M+25.3%
1Y+9.9%
3Y−3.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Estee Lauder Companies Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	15,049	14,323	15,609	15,937	17,737	16,215
Cost of revenue	3,682	3,721	4,423	4,561	4,305	3,834
Gross profit	11,367	10,602	11,186	11,376	13,432	12,381
Selling, general & administrative expenses	9,407	9,140	9,261	9,231	9,581	9,107
Research & development	278	316	360	344	307	243
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	902	1,931	595	292	374	413
Other operating expenses	0	0	0	0	0	0
Operating income	780	−785	970	1,509	3,170	2,618
Net interest income (expense)	−244	−243	−211	−124	−136	725
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−19.0	−12.0	13.0	12.0	2.0	−12.0
Net income before taxes	517	−1,040	772	1,397	3,036	3,331
Provision for taxes	283	93.0	363	387	628	456
Minority interest	0	0	−19.0	−4.0	−18.0	−5.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	234	−1,133	390	1,006	2,390	2,870
Extraordinary items	−52.0	–	–	–	–	–
Net income	182	−1,133	390	1,006	2,390	2,870
EBIT, normalized	1,682	1,146	1,567	1,801	3,544	3,031
EBITDA, normalized	2,501	1,975	2,392	2,545	4,271	3,682
Basic EPS, normalized	2.51	1.51	2.59	3.46	7.24	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Estee Lauder Companies Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	3,498	2,921	3,395	4,029	3,957	4,958
Receivables	1,518	1,530	1,727	1,452	1,629	1,702
Total inventory	1,999	2,074	2,175	2,979	2,920	2,505
Prepaid expenses	597	544	625	679	792	603
Other current assets	0	0	0	0	0	0
Total current assets	7,612	7,069	7,922	9,139	9,298	9,768
Property, plant & equipment	4,545	5,124	4,969	4,976	4,599	4,470
Goodwill	2,107	2,135	2,143	2,486	2,521	2,616
Intangibles	3,579	3,759	5,183	5,602	3,428	4,095
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	1,919	1,805	1,460	1,212	1,064	1,022
Total assets	19,762	19,892	21,677	23,415	20,910	21,971
Liabilities
Accounts payable	1,578	1,497	1,440	1,670	1,822	1,692
Payable/accrued	–	–	–	–	–	–
Accrued expenses	3,663	3,339	3,096	3,250	3,413	3,252
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	503	3.0	504	997	268	32.0
Other current liabilities	487	596	662	323	312	322
Total current liabilities	6,231	5,435	5,702	6,240	5,815	5,298
Long-term debt	6,803	7,314	7,267	7,117	5,144	5,537
Minority interest	–	–	0	832	842	891
Other liabilities	2,922	3,278	3,394	3,641	3,519	4,188
Total liabilities	15,956	16,027	16,363	17,830	15,320	15,914
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	6.0	6.0	6.0	6.0	6.0	6.0
Additional paid-in capital	7,378	7,012	6,685	6,153	5,796	5,335
Retained earnings (accumulated deficit)	11,341	11,672	13,427	13,991	13,912	12,244
Treasury stock	−13,766	−13,698	−13,664	−13,631	−13,362	−11,058
Other equity	−1,153	−1,127	−1,140	−934	−762	−470
Total equity	3,806	3,865	5,314	5,585	5,590	6,057
Total liabilities & shareholders' equity	19,762	19,892	21,677	23,415	20,910	21,971

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Estee Lauder Companies Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	182	−1,133	409	1,010	2,408	2,875
Depreciation, depletion & amortization	796	829	825	744	727	651
Deferred taxes	−164	−396	−265	−186	−149	−230
Non-cash items	369	1,623	760	519	608	−219
Changes in working capital	590	349	631	−356	−554	554
Cash from operations	1,773	1,272	2,360	1,731	3,040	3,631
Investing activities
Capital expenditures	−457	−602	−919	−3,289	−1,040	−637
Other investing cash flows	−32.0	−21.0	−41.0	72.0	95.0	−1,227
Cash from investing	−489	−623	−960	−3,217	−945	−1,864
Financing activities
Financing cash flow items	−184	−1.0	−731	−15.0	−16.0	−14.0
Cash dividends paid	−508	−618	−947	−925	−840	−753
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−20.0	−525	−357	2,530	−2,180	−1,125
Cash from financing	−712	−1,144	−2,035	1,590	−3,036	−1,892
Foreign exchange effects	5.0	21.0	1.0	−32.0	−60.0	61.0
Net change in cash	577	−474	−634	72.0	−1,001	−64.0
Free cash flow	1,316	670	1,441	−1,558	2,000	2,994

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.