10-Q filed October 30: Colgate-Palmolive
Model value +4.0%
Colgate-Palmolive grew revenue to $21.3bn over the twelve months to September 2026, a 5.9% increase that accelerated from 5.2% growth the previous quarter. Among the nine household products companies we cover, that places the firm second for growth. Margins told a mixed story: free-cash-flow margin held steady at 17.8%, while operating margin narrowed sharply to 14.8% from 21.3%. Our model value has moved up from $78.03 to $81.19 a share, still well below the $95.29 share price, so the rating remains Hold. At the current price, the market appears to be pricing in cash-flow growth of about 6.9% a year over five years, well ahead of the 4.1% annual revenue growth the company has actually delivered.
Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation