Helen Of Troy LTD key statistics and ratios
In fiscal 2026, Helen Of Troy LTD had return on equity of -72.5%, an operating margin of -43.8%, debt equal to 98.4% of equity and a current ratio of 1.71. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2010Feb 2010 | 2011Feb 2011 | 2012Feb 2012 | 2013Feb 2013 | 2014Feb 2014 | 2015Feb 2015 | 2016Feb 2016 | 2017Feb 2017 | 2018Feb 2018 | 2019Feb 2019 | 2020Feb 2020 | 2021Feb 2021 | 2022Feb 2022 | 2023Feb 2023 | 2024Feb 2024 | 2025Feb 2025 | 2026Feb 2026 | LTMAug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 43.1% | 44.9% | 40.5% | 40.2% | 39.2% | 41.5% | 37.8% | 41.0% | 41.3% | 41.0% | 43.0% | 44.2% | 42.9% | 43.4% | 47.3% | 47.9% | 45.7% | 47.4% |
| Operating margin | 13.8% | 14.4% | 11.8% | 11.5% | 8.9% | 11.2% | 8.4% | 12.1% | 11.4% | 12.7% | 10.4% | 13.4% | 12.3% | 10.2% | 13.0% | 7.5% | −43.8% | 1.3% |
| Net margin | 11.1% | 12.0% | 9.3% | 9.0% | 6.5% | 9.1% | 7.3% | 10.1% | 3.0% | 10.8% | 8.9% | 12.1% | 10.1% | 6.9% | 8.4% | 6.5% | −50.3% | −5.4% |
| Free-cash-flow margin | 22.3% | 10.7% | 7.4% | 5.7% | 8.6% | 12.0% | 12.2% | 15.2% | 14.2% | 10.8% | 14.8% | 10.3% | 2.8% | 1.6% | 13.4% | 4.4% | 7.4% | 8.1% |
| Return on equity | 12.3% | 14.7% | 14.9% | 13.4% | 8.8% | 13.6% | 11.0% | 14.4% | 4.4% | 16.8% | 14.1% | 21.2% | 17.4% | 10.2% | 10.8% | 7.5% | −72.5% | −12.0% |
| Return on assets | 8.6% | 9.0% | 8.2% | 8.0% | 5.7% | 8.3% | 6.2% | 8.2% | 2.6% | 10.3% | 8.6% | 12.2% | 8.8% | 5.0% | 5.9% | 4.1% | −34.3% | −4.7% |
| Asset turnover | 0.78 | 0.75 | 0.88 | 0.89 | 0.88 | 0.92 | 0.86 | 0.81 | 0.86 | 0.96 | 0.96 | 1.01 | 0.87 | 0.72 | 0.70 | 0.64 | 0.68 | 0.87 |
| Current ratio | — | 1.36 | 1.29 | 1.77 | 1.87 | 2.16 | 2.82 | 1.92 | 1.86 | 1.94 | 2.01 | 1.58 | 1.80 | 2.16 | 1.87 | 2.00 | 1.71 | 1.65 |
| Debt to equity | 0.0% | 44.1% | 43.8% | 27.7% | 18.7% | 47.9% | 66.7% | 47.6% | 28.6% | 32.2% | 29.3% | 28.0% | 61.5% | 62.9% | 41.0% | 54.8% | 98.4% | 78.8% |
| Interest cover (operating income ÷ interest) | 8.7x | 11.5x | 10.8x | 11.1x | 11.5x | 10.8x | 11.0x | 11.8x | 12.1x | 17.0x | 14.0x | 22.3x | 21.2x | 5.2x | 4.9x | 2.7x | n/m | 0.5x |
| Effective tax rate | 10.3% | 9.1% | 12.5% | 14.6% | 19.5% | 10.9% | 12.3% | 7.3% | 6.0% | 7.3% | 8.2% | 5.7% | 13.9% | 16.4% | 19.3% | −35.0% | — | — |
| R&D as % of revenue | — | — | — | — | 0.2% | 0.5% | 0.8% | 0.8% | 0.9% | 0.8% | 1.0% | 2.5% | 2.4% | 2.3% | 2.8% | 2.8% | 3.0% | — |
| SG&A as % of revenue | 29.2% | 30.3% | 28.7% | 28.7% | 29.4% | 29.7% | 29.0% | 28.7% | 28.7% | 28.0% | 30.0% | 30.4% | 30.6% | 31.9% | 33.4% | 37.0% | 39.7% | 38.0% |
| Capital spending as % of revenue | 1.2% | 0.6% | 1.4% | 1.1% | 3.1% | 0.5% | 1.2% | 1.1% | 0.9% | 1.7% | 1.0% | 4.7% | 3.5% | 8.4% | 1.8% | 1.6% | 2.2% | 1.8% |
| Free cash flow ÷ net income | 201.0% | 88.7% | 79.6% | 63.0% | 131.8% | 131.7% | 167.8% | 151.4% | 473.8% | 100.2% | 166.4% | 84.8% | 28.1% | 23.3% | 159.8% | 67.2% | — | — |
| Dividends and buybacks ÷ free cash flow | 0.3% | 2.2% | — | 2.4% | 1.2% | 158.4% | 58.9% | 35.5% | 34.7% | 128.8% | 4.0% | 94.4% | 299.8% | 55.0% | 20.5% | 124.1% | 1.5% | 1.2% |
| Quarter | 2025 Q3Nov 2024 | 2025 Q4Feb 2025 | 2026 Q1May 2025 | 2026 Q2Aug 2025 | 2026 Q3Nov 2025 | 2026 Q4Feb 2026 | 2027 Q1May 2026 | 2027 Q2Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 48.9% | 48.6% | 47.1% | 44.2% | 46.9% | 44.6% | 46.0% | 52.2% |
| Operating margin | 14.2% | 0.4% | −109.5% | −73.1% | −1.6% | −10.8% | 15.0% | 5.2% |
| Net margin | 9.3% | 10.5% | −121.3% | −71.5% | −16.4% | −11.8% | 8.9% | 1.1% |
| Free-cash-flow margin | 0.0% | 5.6% | 12.1% | −5.1% | 1.1% | 21.9% | −1.6% | 10.2% |
| Current ratio | 1.92 | 2.00 | 1.70 | 1.71 | 1.81 | 1.71 | 1.78 | 1.65 |
| Debt to equity | 45.1% | 54.5% | 70.9% | 96.4% | 104.7% | 97.8% | 84.9% | 78.8% |
| SG&A as % of revenue | 34.0% | 35.9% | 45.1% | 41.0% | 35.6% | 38.6% | 31.0% | 46.4% |
Financial health
- Short-term assets cover short-term liabilities $876m of assets due within a year against $531m of liabilities due within a year.
- Short-term assets cover long-term liabilities $876m short-term assets against $712m of longer-dated liabilities.
- More cash than debt $23m of cash against $673m of debt.
- Debt below 40% of shareholders' equity Debt is 79% of equity.
- Debt burden no higher than five years ago Debt to equity moved from 61% to 79% over five years.
- A year's operating cash flow covers at least 20% of debt $180m of operating cash flow against $673m of debt.
- Operating profit covers interest at least five times over Operating income of $24m against $53m of interest.
Moat
Moderate moat
How hard Helen Of Troy'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 13 / 20
Cash operating profit has been a median 10.1% of total assets over 10 years.
- Pricing power 15 / 20
Gross margin has been a median 43.7%, moving by 2.5 percentage points (standard deviation) across 10 years.
- Durability 3 / 20
Operating margin has been a median 12.1%; its worst year was -35.5%.
- Cash conversion 13 / 20
Free cash flow was positive in 8 of 10 years, at a median 10.3% of revenue.
- Discipline 18 / 20
The diluted share count fell 4.9% over five years; stock-based pay has been a median 1.2% 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 (62 before it).
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