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Church & Dwight key statistics and ratios

In fiscal 2025, Church & Dwight had return on equity of 17.6%, an operating margin of 17.4%, debt equal to 55.1% of equity and a current ratio of 1.07. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Gross margin43.7%44.7%44.2%44.2%45.0%44.1%44.5%45.5%45.8%44.4%45.5%45.2%43.6%41.9%44.1%45.7%44.7%46.1%
Operating margin16.4%17.2%17.9%18.7%19.5%19.4%19.9%20.7%19.4%19.1%19.3%21.0%20.8%11.1%18.0%13.2%17.4%18.0%
Net margin9.7%10.5%11.3%12.0%12.3%12.6%12.1%13.1%19.7%13.7%14.1%16.1%15.9%7.7%12.9%9.6%11.9%12.4%
Free-cash-flow margin10.5%14.1%13.1%15.4%13.5%14.2%16.0%17.3%16.9%17.0%18.1%18.2%16.9%13.1%13.8%16.0%17.6%16.9%
Return on equity15.2%15.6%15.8%17.1%18.1%18.8%19.9%22.9%35.4%24.3%24.1%27.6%26.5%12.3%20.6%14.2%17.6%18.3%
Return on assets7.8%8.9%10.2%9.7%9.5%9.6%9.5%10.7%14.3%9.4%9.7%11.2%10.7%5.1%8.9%6.7%8.3%8.5%
Asset turnover0.810.850.910.810.770.770.790.810.730.690.680.700.670.660.690.700.700.68
Current ratio1.641.451.971.291.711.121.040.761.070.810.880.800.591.181.081.701.070.96
Debt to equity51.0%18.2%12.4%43.8%34.9%51.7%51.9%56.6%107.0%85.9%77.3%71.6%97.6%76.6%62.4%50.6%55.1%49.2%
Interest cover (operating income ÷ interest)11.6x16.0x56.6x38.9x22.5x23.4x22.1x26.1x13.9x10.0x11.4x16.9x19.8x6.7x9.5x8.5x11.3x11.6x
Effective tax rate—35.3%37.4%35.5%34.0%33.8%35.4%35.0%−7.3%21.0%20.4%19.3%19.8%20.9%21.9%22.6%23.0%21.6%
R&D as % of revenue2.2%2.1%2.0%1.9%1.9%1.8%1.9%1.8%1.9%2.2%2.1%2.1%2.0%2.0%2.1%2.3%2.3%2.3%
SG&A as % of revenue14.1%14.5%13.4%13.3%13.0%12.0%12.4%12.6%14.4%13.6%14.4%12.1%11.7%13.1%15.2%15.2%15.9%16.7%
Capital spending as % of revenue5.4%2.5%2.8%2.5%2.1%2.1%1.8%1.4%1.2%1.5%1.7%2.0%2.3%3.3%3.8%2.9%2.0%2.4%
Free cash flow ÷ net income109.0%134.7%116.7%128.4%109.7%113.5%132.6%131.9%85.6%123.7%128.4%113.4%105.7%170.7%106.8%166.8%148.3%136.5%
Dividends ÷ net income13.3%16.3%31.5%38.5%39.4%40.5%42.7%39.9%25.6%37.5%36.4%30.2%29.9%61.6%35.3%47.3%39.0%37.5%
Dividends and buybacks ÷ free cash flow12.3%12.1%49.2%85.7%47.5%137.6%98.9%96.3%92.8%58.8%60.0%60.3%85.4%36.1%70.2%28.4%108.6%27.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 7 checks passed · September 30, 2026
What it owns · $9.3bn
Short-term assets $1.8bnLonger-term assets $7.6bn
What it owes, and who funded it · $9.3bn
Short-term liabilities $1.9bnLonger-term liabilities $3.0bnShareholders' equity $4.5bn
  • Short-term assets cover short-term liabilities $1.8bn of assets due within a year against $1.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.8bn short-term assets against $3.0bn of longer-dated liabilities.
  • More cash than debt $447m of cash against $2.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 49% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 47% to 49% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.2bn of operating cash flow against $2.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.1bn against $97m of interest.

From Church & Dwight's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

81 /100

Strong moat

How hard Church & Dwight's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 20.2% of total assets over 10 years.

  • Pricing power 16 / 20

    Gross margin has been a median 45.1%, moving by 1.2 percentage points (standard deviation) across 10 years.

  • Durability 14 / 20

    Operating margin has been a median 18.7%; its worst year was 11.1%.

  • Cash conversion 18 / 20

    Free cash flow was positive in 10 of 10 years, at a median 16.5% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 5.2% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (86 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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More: Household Products stocks compared, Consumer Staples sector, rankings of US companies

Figures from Church & Dwight's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Church & Dwight.