undamentalytics Newsletter
Sign in

Kimberly-Clark (KMB) stock

Add to watchlist

Add holding +

NASDAQ: KMB Nasdaq Household Products Next results ~November 5, 2026

C Fundamentals grade

Kimberly-Clark is a US-listed company in the household products industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$100

Cash-flow model

Base case. Range ~$71–$140 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 7% above our base value.

Price used: $108.25, November 2, 2026

Kimberly-Clark valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Kimberly-Clark files

Where Kimberly-Clark stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $16.6bn, up 0.7% on a year earlier, faster than 0.1% a quarter earlier. That puts it 801 of 931 for growth among all the companies we cover. Free-cash-flow margin fell to 11.0% from 12.8% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 2 financial-health checks. Our cash-flow model value is $92.12 a share, against a share price of $108. At that price, our model says the market is pricing in about 4.4% a year of cash-flow growth for five years, faster than the -3.1% a year revenue growth it has delivered.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Kimberly-Clark's trailing-twelve-month revenue grew 0.7% year on year, with a free-cash-flow margin of 11.0%.

Our discounted-cash-flow model values the business at ~$100 per share in the base case (~$71–$140 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Capital expenditure surging: TTM capex grew 96% year over year and now absorbs 9.1% of revenue.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 34.9% ranks 8 of 10 household products companies we cover (median 31.5%).
  • Heavily shorted. 17.4% of the shares available to trade are sold short (11.2 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$2.12 against an average estimate of $2.01: beat by 5.7%
Revenue
$4.19bn, up 0.6% on a year earlier
Share reaction
+6.2% in the first session after the results on October 15, 2026, against -0.8% for the S&P 500
Guidance given
organic Sales Growth 100 (2026)
Next report
November 5, 2026; average EPS estimate $1.64

Kimberly-Clark's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.3%
  • 1 week-1.3%
  • 1 month+14.7%
  • This year+11.4%
  • 1 year-4.9%
  • 5 years-0.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$16.6B
Operating margin
15.2%
Net margin
11.8%
EPS (TTM, diluted)
$5.87

Growth

Revenue growth
+0.7%
Change in growth rate
+0.6 pts
Share count change
−0.4%

Cash

Free cash flow (TTM)
$1.8B
FCF margin
11.0%
Stock pay % of revenue
0.8%

Earnings

Last results
October 15, 2026
Next results (est.)
January 26, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Agreement
  3. Announcement
  4. Announcement
  5. Results
  6. Guidance
  7. Announcement
  8. Leadership
  9. Announcement
  10. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Kimberly-Clark valuation models and calculator

What the price is pricing in

The share price implies about 3.0% a year of cash-flow growth for five years.That is faster than the -3.1% a year revenue growth Kimberly-Clark has delivered.

  • Priced in3.0%
  • Last 12 months0.7%
  • 3 years a year-6.6%
  • 5 years a year-3.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($107.77, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$100
Price used
$107.77close November 3, 2026
Implied change
▼ 6%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Kimberly-Clark's free cash flow after stock-based pay with after-tax interest added back ($2.4B, FY2026 Q2 TTM), growing 1.6% and 2.2% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$71–~$140 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Kimberly-Clark's free cash flow after stock-based pay ( $2.4B, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Kimberly-Clark as an operating company, with every model that fits that kind of business. Cost of equity 7%: the 10-year Treasury yield (4.9%) plus a beta of 0.41 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$100 ~$71–$140 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$110 ~$110–$180 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$150 ~$120–$200 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$120 ~$100–$150 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Kimberly-Clark with Household Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −31%
  • Revenue growth 5 points higher ▲ +41%
  • Free-cash-flow margin 1 point lower ▼ −10%
  • Last year's free-cash-flow margin change, if it persists ▼ −15%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $85$122$172$236$321$430
8.5% $61$88$123$170$230$307
10% $46$67$94$130$176$235

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$87.20$80.50$87.78$85.97$107.10$108.11$118.56$116.69$108.43$121.21$97.14$108.25
Market value$31.9bn$29.1bn$31.2bn$30.1bn$37.0bn$37.0bn$40.2bn$39.5bn$36.7bn$40.8bn$32.4bn$36.1bn
+ Net debt (− = net cash)$7.2bn$6.6bn$6.8bn$6.9bn$7.3bn$8.1bn$8.3bn$8.0bn$6.9bn$6.4bn$6.5bn$5.6bn
Enterprise value$39.1bn$35.8bn$38.0bn$37.0bn$44.3bn$45.1bn$48.5bn$47.5bn$43.6bn$47.3bn$38.8bn$41.6bn
Multiples
Price / sales 1.7x1.6x1.7x1.6x2.0x1.9x2.1x2.0x2.1x2.4x2.0x2.2x
Price / earnings 31.5x13.4x13.7x21.3x17.2x15.7x22.1x20.4x20.8x16.1x16.0x18.4x
Price / free cash flow 25.6x11.8x14.6x14.4x24.2x14.7x23.3x21.3x13.2x16.3x19.7x19.8x
EV / EBITDA 16.6x8.7x9.3x11.9x11.3x11.2x14.6x13.8x16.3x13.6x12.3x12.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

73 /100

Strong moat

How hard Kimberly-Clark'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

    Net income has been a median 11.8% of total assets over 10 years.

  • Pricing power 11 / 20

    Gross margin has been a median 34.4%, moving by 2.9 percentage points (standard deviation) across 10 years.

  • Durability 14 / 20

    Operating margin has been a median 14.9%; its worst year was 11.1%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 10 of 10 years, at a median 11.9% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 2.1% over five years; stock-based pay has been a median 0.6% 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 (78 before it).

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

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $4.1bn and EPS of $1.64 (range $1.54 to $1.70) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $7.39 −2% $16.6bn +1%
Next $7.40 +0% $17.0bn +3%

Next year's EPS estimate has moved −2.0% in 90 days, across 16 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −2.0% on 90 days ago. In the last 30 days, 0 analysts raised Kimberly-Clark's forecast and 9 cut it.

Consensus EPS forecast Kimberly-Clark, last 90 days
$7.35 $7.40 $7.45 $7.50 $7.55 $7.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.54 Current fiscal year, 60 days ago: $7.45 Current fiscal year, 30 days ago: $7.39 Current fiscal year, 7 days ago: $7.36 Current fiscal year, Now: $7.39 $7.39 Next fiscal year, 90 days ago: $7.56 Next fiscal year, 60 days ago: $7.49 Next fiscal year, 30 days ago: $7.48 Next fiscal year, 7 days ago: $7.40 Next fiscal year, Now: $7.40 $7.40

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.54$7.56
60 days ago $7.45$7.49
30 days ago $7.39$7.48
7 days ago $7.36$7.40
Now $7.39$7.40

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $2.01 $2.12 +5.7%
Mar 2026 $1.93 $1.97 +2.2%
Dec 2025 $1.81 $1.86 +2.7%
Sept 2025 $1.75 $1.82 +3.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 15, 2026
  • Organic Sales Growth 2026 about 100 Non-GAAP Maintained
    “2026 Organic Sales Growth to be approximately 100 basis points below its weighted average category growth in the categories and countries it competes.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Kimberly-Clark's revenue by +1.6% next year and +2.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+1.5%, weight 69%) and the company's own record (+2.0%, weight 31%) . How the weights are set.

Analyst recommendations

17 analysts, Oct 2026
Buy741%
Hold953%
Sell16%

Monthly trend

  1. Oct 202634917
  2. Sep 202634816
  3. Aug 202634816
  4. Jul 202633916

Counts of recommendations published by analysts covering Kimberly-Clark, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
17.4%
of tradable shares
Days to cover
11.19
at average volume
Short interest, 1 month
−4%
to October 15, 2026
Held by institutions
99%
of shares
Held by insiders
0.7%
of shares
Employees
36,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −4.9%

$113.88 on October 31, 2025 to $108.25

ThenNowEffect
Revenue (last 12 months) $16.5bn $16.6bn +0.7%
Net margin 14.8% 11.8% −20.1%
P/E multiple 15.7x 18.4x +17.7%
Share count 335m 333m +0.4%

Biggest factor: net margin.

Last 3 years +2.6%

$105.51 on November 3, 2023 to $108.25

ThenNowEffect
Revenue (last 12 months) $20.3bn $16.6bn −18.5%
Net margin 8.1% 11.8% +46.1%
P/E multiple 21.8x 18.4x −15.2%
Share count 339m 333m +1.6%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
KMB+10%−2%−7%+12%−20%+11%
Industry peers (median)+5%−20%+5%+8%−19%+22%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
KMB50%42%33%50%33%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
KMB−9%−22%−19%−11%−31%−17%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 34% from March 10, 2025 to April 7, 2026. Getting back needed a 52% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$90.70 – $113.38
From 52-week high
−4.5%
vs 50-day average
+5.5%
vs 200-day average
+7.0%
Volatility (1 year)
29%
Beta vs S&P 500
0.03

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±4.0%
After a week
4 up, 8 down
typical move ±5.7%
After a month
8 up, 3 down
typical move ±3.9%
Results releasedNext dayS&P 500 next day5 days21 days
October 15, 2026 +6.2% −0.8% +13.0% —
August 4, 2026 +4.5% +1.6% +0.9% +1.6%
April 28, 2026 −2.2% −0.5% −1.1% +1.9%
January 27, 2026 −1.6% +0.4% −0.4% +9.1%
October 30, 2025 +2.6% −0.8% −13.7% −7.0%
August 1, 2025 +6.8% −0.1% +9.3% +3.4%
April 22, 2025 −4.8% +4.2% −6.8% +0.7%
January 28, 2025 −1.3% +0.4% −1.6% +6.7%
October 22, 2024 −5.1% −1.0% −6.7% −5.4%
July 23, 2024 −2.5% −2.4% −5.4% +0.3%
April 23, 2024 +6.9% +1.1% +5.9% +3.8%
January 24, 2024 −3.6% +0.7% −3.2% −2.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Kimberly-Clark’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.19× the last 60 days’ realised volatility , richer than 54% of the 229 stocks we screen today.
  • Puts and calls are priced at about the same implied volatility.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

KMB Kimberly-Clark Grade C $108.76

Own 100 shares, sell the $110 call expiring December 18, 2026 (46 days) for $3.10 a share — $310 per contract.

Previous session · Bid $3.10, ask $3.80, quoted Mon 2 Nov, 17:27 New York time with KMB at $108.76. Option prices move with the shares: check the live chain at your broker before trading.

  • If KMB ends below $110: you keep your shares and the $310 — 2.9% extra on the position, 22.6% a year at that pace.
  • If it ends above $110: your shares are sold at $110, a total return of 4.0% including the premium — at or above our value of ~$100.
$435 $0 −$2.1k Our value $100 Break-even $105.66 Price $108.76
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$310
Annualised
22.6%
Break-even
$105.66
Max gain
$434.5
Chance of selling
~50%

Collar

Own the shares, buy the $100 put and sell the $110 call, both expiring December 18, 2026 (46 days).

  • Net credit of $1.50 a share ($150 per contract of 100 shares).
  • Worst case at expiry: -6.7%, if the shares fall below $100 (-8.1% from today).
  • Best case at expiry: +2.5%, if the shares rise above $110 (+1.1%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $100: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Kimberly-Clark in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Kimberly-Clark
$14B $16B $18B $20B $22B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $20.4B Revenue (TTM), FY23 Q4: $17.1B Revenue (TTM), FY24 Q1: $16.3B Revenue (TTM), FY24 Q2: $15.4B Revenue (TTM), FY24 Q3: $14.4B Revenue (TTM), FY24 Q4: $16.8B Revenue (TTM), FY25 Q1: $16.5B Revenue (TTM), FY25 Q2: $16.5B Revenue (TTM), FY25 Q3: $16.5B Revenue (TTM), FY25 Q4: $16.4B Revenue (TTM), FY26 Q1: $16.6B Revenue (TTM), FY26 Q2: $16.6B $16.6B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $20.4B
FY23 Q4 $17.1B
FY24 Q1 $16.3B
FY24 Q2 $15.4B
FY24 Q3 $14.4B
FY24 Q4 $16.8B
FY25 Q1 $16.5B
FY25 Q2 $16.5B
FY25 Q3 $16.5B
FY25 Q4 $16.4B
FY26 Q1 $16.6B
FY26 Q2 $16.6B
Revenue growth, TTM YoY Kimberly-Clark
-40% -20% 0% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 1.2% Revenue growth, TTM YoY, FY23 Q4: -15.0% Revenue growth, TTM YoY, FY24 Q1: -19.7% Revenue growth, TTM YoY, FY24 Q2: -24.4% Revenue growth, TTM YoY, FY24 Q3: -29.6% Revenue growth, TTM YoY, FY24 Q4: -2.0% Revenue growth, TTM YoY, FY25 Q1: 1.6% Revenue growth, TTM YoY, FY25 Q2: 7.1% Revenue growth, TTM YoY, FY25 Q3: 14.5% Revenue growth, TTM YoY, FY25 Q4: -2.1% Revenue growth, TTM YoY, FY26 Q1: 0.1% Revenue growth, TTM YoY, FY26 Q2: 0.7% 0.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 1.2%
FY23 Q4 -15.0%
FY24 Q1 -19.7%
FY24 Q2 -24.4%
FY24 Q3 -29.6%
FY24 Q4 -2.0%
FY25 Q1 1.6%
FY25 Q2 7.1%
FY25 Q3 14.5%
FY25 Q4 -2.1%
FY26 Q1 0.1%
FY26 Q2 0.7%
Operating margin (TTM) Kimberly-Clark
10% 12% 14% 16% 18% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 11.7% Operating margin (TTM), FY23 Q4: 11.2% Operating margin (TTM), FY24 Q1: 12.3% Operating margin (TTM), FY24 Q2: 15.7% Operating margin (TTM), FY24 Q3: 18.6% Operating margin (TTM), FY24 Q4: 16.9% Operating margin (TTM), FY25 Q1: 15.8% Operating margin (TTM), FY25 Q2: 16.2% Operating margin (TTM), FY25 Q3: 13.7% Operating margin (TTM), FY25 Q4: 14.3% Operating margin (TTM), FY26 Q1: 14.9% Operating margin (TTM), FY26 Q2: 15.2% 15.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 11.7%
FY23 Q4 11.2%
FY24 Q1 12.3%
FY24 Q2 15.7%
FY24 Q3 18.6%
FY24 Q4 16.9%
FY25 Q1 15.8%
FY25 Q2 16.2%
FY25 Q3 13.7%
FY25 Q4 14.3%
FY26 Q1 14.9%
FY26 Q2 15.2%
FCF margin (TTM) Kimberly-Clark
5% 10% 15% 20% 25% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 12.6% FCF margin (TTM), FY23 Q4: 16.2% FCF margin (TTM), FY24 Q1: 16.0% FCF margin (TTM), FY24 Q2: 18.7% FCF margin (TTM), FY24 Q3: 20.2% FCF margin (TTM), FY24 Q4: 15.0% FCF margin (TTM), FY25 Q1: 14.5% FCF margin (TTM), FY25 Q2: 12.8% FCF margin (TTM), FY25 Q3: 10.2% FCF margin (TTM), FY25 Q4: 10.0% FCF margin (TTM), FY26 Q1: 11.1% FCF margin (TTM), FY26 Q2: 11.0% 11.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 12.6%
FY23 Q4 16.2%
FY24 Q1 16.0%
FY24 Q2 18.7%
FY24 Q3 20.2%
FY24 Q4 15.0%
FY25 Q1 14.5%
FY25 Q2 12.8%
FY25 Q3 10.2%
FY25 Q4 10.0%
FY26 Q1 11.1%
FY26 Q2 11.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Kimberly-Clark took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $16.4B
  2. Other income $269M · 1.6%
  3. Cost of revenue $10.5B · 64.0%
  4. Gross profit $5.9B · 36.0%
  5. Research and development $326M · 2.0%
  6. Other operating costs $3.2B · 19.7%
  7. Operating income $2.4B · 14.3%
  8. Income tax $599M · 3.6%
  9. Net income $2B · 12.3%

Shares of revenue. Source: Kimberly-Clark's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

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

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 19.1 19.7 20.8 19.5 19.6 19.7 18.6 18.3 18.3 18.5 18.5 19.1 19.4 20.2 17.1 16.8 16.4 16.6
Gross profit 6.4 6.6 6.2 6.1 6.6 6.7 6.6 6.7 6.6 5.6 6.0 6.8 6.0 6.2 6.3 6.3 5.9 6.1
EBITDA 3.6 3.6 3.5 3.2 3.8 3.4 2.4 4.1 4.1 3.1 3.9 4.0 3.3 3.4 2.7 3.5 3.2 3.2
Operating income 2.8 2.8 2.4 2.4 2.9 2.5 1.6 3.4 3.4 2.2 3.0 3.2 2.6 2.7 1.9 2.7 2.4 2.5
Net income 1.9 1.8 1.6 1.8 2.1 1.5 1.0 2.2 2.3 1.4 2.2 2.4 1.8 1.9 1.8 2.5 2.0 2.0
Diluted EPS $4.52 $4.45 $3.99 $4.42 $5.53 $4.04 $2.77 $5.99 $6.40 $4.03 $6.24 $6.87 $5.35 $5.72 $5.21 $7.55 $6.07 $5.87
Growth (year on year)
Revenue −1.5% +3.3% +5.6% −6.6% +0.5% +0.8% −5.7% −1.6% +0.3% +0.8% −0.2% +3.7% +1.6% +3.8% −15.0% −2.0% −2.1% +0.7%
EBITDA +8.6% −0.6% −1.5% −8.5% +16.5% −10.2% −30.3% +73.3% −0.1% −23.8% +25.6% +3.4% −17.6% +3.2% −22.0% +29.8% −9.3% −7.9%
Operating income +10.9% −1.8% −11.9% −2.7% +22.1% −13.2% −36.0% +109.7% −0.7% −33.6% +34.2% +8.5% −21.1% +4.7% −28.1% +40.0% −12.9% −5.8%
Net income +11.5% −2.2% −13.7% +10.0% +22.4% −28.8% −33.6% +113.8% +5.2% −38.1% +53.0% +9.0% −22.9% +6.6% −8.8% +44.3% −20.6% −19.5%
Diluted EPS +12.2% −1.5% −10.3% +10.8% +25.1% −26.9% −31.4% +116.2% +6.8% −37.0% +54.8% +10.1% −22.1% +6.9% −8.9% +44.9% −19.6% −19.2%
Margins
Gross margin 33.6% 33.2% 29.5% 31.5% 33.8% 33.9% 35.6% 36.6% 35.9% 30.3% 32.7% 35.6% 30.8% 30.8% 36.6% 37.4% 36.0% 36.8%
EBITDA margin 18.9% 18.2% 16.9% 16.6% 19.3% 17.2% 12.7% 22.4% 22.2% 16.8% 21.2% 21.1% 17.1% 17.0% 15.6% 20.7% 19.2% 19.5%
Operating margin 14.8% 14.0% 11.7% 12.2% 14.8% 12.8% 8.7% 18.5% 18.3% 12.1% 16.2% 16.9% 13.2% 13.3% 11.2% 16.1% 14.3% 15.2%
Net margin 9.9% 9.3% 7.6% 9.0% 11.0% 7.7% 5.4% 11.8% 12.4% 7.6% 11.7% 12.3% 9.3% 9.6% 10.3% 15.1% 12.3% 11.8%
Free-cash-flow margin 13.8% 9.0% 6.3% 11.3% 10.7% 9.2% 6.7% 13.5% 11.7% 11.3% 8.3% 13.1% 8.9% 9.2% 16.2% 15.0% 10.0% 11.0%
Cash flow
Cash from operations 3.5 2.7 2.3 3.3 3.0 2.8 2.3 3.2 2.9 3.0 2.7 3.7 2.7 2.7 3.5 3.2 2.8 3.3
Capital spending 0.8 1.0 1.0 1.1 1.0 1.0 1.1 0.8 0.8 0.9 1.2 1.2 1.0 0.9 0.8 0.7 1.1 1.5
Free cash flow 2.6 1.8 1.3 2.2 2.1 1.8 1.3 2.5 2.1 2.1 1.5 2.5 1.7 1.9 2.8 2.5 1.6 1.8
Stock-based pay 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.0 0.2 0.2 0.1 0.1 0.1
Free cash flow after stock pay 2.5 1.7 1.3 2.1 2.0 1.8 1.2 2.4 2.1 2.1 1.4 2.4 1.7 1.7 2.6 2.4 1.5 1.7
Balance sheet
Cash 0.8 0.9 0.8 1.1 1.1 0.8 0.6 0.9 0.6 0.5 0.4 0.3 0.3 0.4 1.1 1.0 0.7 1.0
Total debt 5.3 5.4 6.0 6.2 5.8 7.0 7.8 7.6 7.4 7.5 7.7 8.4 8.6 8.4 8.0 7.4 7.2 6.5
Net debt (negative = net cash) 4.5 4.5 5.3 5.1 4.7 6.2 7.2 6.6 6.8 6.9 7.3 8.1 8.3 8.0 6.9 6.4 6.5 5.6
Diluted shares 417m 414m 399m 396m 387m 377m 366m 362m 356m 350m 346m 343m 339m 338m 339m 337m 333m 333m
Returned to shareholders
Dividends 1.0 1.1 1.1 1.2 1.2 1.3 1.3 1.3 1.4 1.4 1.4 1.5 1.5 1.6 1.6 1.6 1.7 1.7
Buybacks 0.0 0.8 1.2 1.3 1.2 1.9 0.9 0.7 0.9 0.8 0.8 0.7 0.4 0.1 0.2 1.0 0.1 0.0
Total returned 1.0 1.9 2.3 2.4 2.4 3.2 2.1 2.1 2.3 2.2 2.2 2.2 1.9 1.7 1.8 2.6 1.8 1.7

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $18.6bn
Short-term assets $6.4bnLonger-term assets $12.2bn
What it owes, and who funded it · $8.7bn
Short-term liabilities $7.0bnShareholders' equity $1.8bn
  • Short-term assets cover short-term liabilities $6.4bn of assets due within a year against $7.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $956m of cash against $6.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 372% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1584% to 372% over five years.
  • A year's operating cash flow covers at least 20% of debt $3.3bn of operating cash flow against $6.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of $2.5bn against $236m of interest.

From Kimberly-Clark'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.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$21M
Dividends (TTM)
$1.7B
Returned to shareholders
93%
of free cash flow
Buybacks, last 3 fiscal years
$1.4B
Diluted share count
−0.4%
year over year
Total shareholder yield
4.7%
dividends 4.7% + buybacks 0.1% of market value
Dividend payout ratio
86%
of net income paid out
Days sales outstanding
41 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in household products
Last 12 months unless stated KMB CL CHD UL REYN CENT Median
Revenue, last 12 months $16.6bn $21.3bn $6.2bn $57.1bn $3.8bn $3.1bn $3.0bn
Revenue growth, last 12 months 0.7% 5.9% 1.7% 0.6% 2.7% −1.2% 1.9%
Revenue growth, 3-year average −6.6% 3.6% 2.6% — −0.7% −1.9% −0.6%
Revenue growth, latest quarter 0.6% 4.6% 1.0% — 0.6% −8.2% 1.0%
Gross margin 36.8% 60.6% 46.1% 46.9% 25.1% 32.5% 42.9%
Operating margin 15.2% 14.8% 18.0% 17.9% — 8.1% 11.5%
Operating margin, 3-year average 15.7% 19.1% 16.0% 17.1% — 7.4% 15.9%
Net margin 11.8% 9.6% 12.4% 18.7% 9.1% 5.4% 7.2%
Cash from operations / revenue 20.1% 20.5% 19.3% 16.5% 13.3% 12.7% 13.0%
Free-cash-flow margin 11.0% 17.8% 16.9% 13.4% 8.5% 11.2% 10.6%
Free-cash-flow margin, 3-year average 14.1% 17.3% 16.0% 12.5% 10.2% 10.1% 11.4%
Stock pay / revenue 0.8% 0.8% 1.2% 0.5% 0.5% 0.5% 0.8%
Change in share count −0.4% −1.4% −3.3% −1.5% 0.3% −4.5% −1.5%

Median of all 12 companies we cover in household products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 household products companies
Measure Company Peer median Rank
Revenue growth Growth 0.7% 2.2% 9 of 12
Change in growth rate Growth +0.6pp -0.1pp 5 of 12
Gross margin Profitability 36.8% 46.1% 9 of 12
Operating margin Profitability 15.2% 14.8% 4 of 10
Net margin Profitability 11.8% 9.1% 4 of 12
Free-cash-flow margin Cash generation 11.0% 11.0% 6 of 12
Stock pay as % of revenue Cash generation 0.8% 0.8% 5 of 11
Long-term debt as % of assets Balance sheet 34.9% 31.5% 8 of 10
Change in share count Balance sheet -0.4% -1.4% 9 of 12
Days sales outstanding Balance sheet 41 days 45 days 5 of 11

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Babyandchildcareproducts $6.8B 41.2% ▼ 4.0%
Family Care $4.1B 24.7% ▲ 3.3%
Adult Care Products $1.9B 11.8% ▲ 4.5%
Professional $1.8B 11.2% ▼ 14.5%
Feminine Care Products $1.7B 10.4% ▼ 0.9%
All Other $124M 0.8% ▲ 47.6%

From Kimberly-Clark's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$35.4B
Institutions reporting
1,702
Shares held vs prior quarter
▲ 8.8%
Positions opened / closed
175 / 114

Top buyers and sellers, Q2 2026: 800 institutions bought and 736 sold ; the biggest buyer was FMR LLC (+9.5M shares) and the biggest seller Wellington Management Group LLP (−2.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $3.5B 32.3M 10.0% ▲ 7.0%
Vanguard Capital Management LLC $2.4B 21.7M 6.7% ▲ 0.5%
State Street Corp $2.3B 21.1M 6.6% ▼ 2.6%
Vanguard Portfolio Management LLC $1.8B 16.1M 5.0% ▼ 0.3%
FMR LLC $1.4B 13.1M 4.1% ▲ 262.2%
Geode Capital Management, LLC $1.2B 11.2M 3.5% ▲ 29.7%
Charles Schwab Investment Management Inc $1.2B 10.8M 3.4% ▲ 11.9%
Massachusetts Financial Services Co $895M 8.2M 2.5% ▲ 6.7%
Two Sigma Investments, LP $774M 7.1M 2.2% ▲ 36.3%
Bank Of America Corp $755M 6.9M 2.1% ▲ 3.3%
Morgan Stanley $753M 6.9M 2.1% ▼ 6.8%
Wellington Management Group LLP $712M 6.5M 2.0% ▼ 27.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Kimberly-Clark's complete shareholder register. Values are as reported by the filers ; 6 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1M 1 trade by 1 insider, last 12 months Insider sales History → $1M 4 trades by 2 insiders · 0% under pre-set plans
Net ▲ $33,791 net buying
Insider Date Trade Shares Price Value
Scribner Andrew Controller, VP & FP&A May 6, 2026 Sell 4,095 $98.00 $401,310
Chen Katy President, Int'l Personal Care May 4, 2026 Sell 1,596 $95.34 $152,164
Chen Katy President, Int'l Personal Care April 30, 2026 Sell 1,405 $96.95 $136,222
Maclin Todd Director February 9, 2026 Buy 10,000 $104.15 $1M
Scribner Andrew Controller, VP & FP&A February 5, 2026 Sell 3,049 $104.29 $317,980

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 48 trades and filings

In the last 12 months, 2 members of Congress disclosed 0 purchases and 2 sales of Kimberly-Clark shares.

  • Kevin Hern(R-OK 1):Sale (full), $1,001 - $15,000, traded August 18, 2026, filed September 1, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded November 12, 2025, filed December 15, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded July 16, 2025, filed August 13, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 26, 2027 estimated from the company's past filing pattern, not announced

  • October 15, 2026
  • August 4, 2026
  • April 28, 2026
  • January 27, 2026
  • October 30, 2025
  • August 1, 2025

Recent SEC filings

Data status

When each part of this page on Kimberly-Clark was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Kimberly-Clark in brief

What does Kimberly-Clark do?
Kimberly-Clark is a US-listed company in the household products industry. Its financial year ends in December.
What is Kimberly-Clark's stock ticker?
Kimberly-Clark trades under the ticker KMB on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Kimberly-Clark's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Kimberly-Clark reported revenue of $16.6B, 0.7% higher than a year earlier, according to its SEC filings.
What is Kimberly-Clark's free cash flow?
Kimberly-Clark's free-cash-flow margin is 11.0% of revenue over the trailing twelve months, ranking 6 of the 12 household products companies we cover.
What is Kimberly-Clark's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Kimberly-Clark's free cash flow after stock-based pay gives ~$100 per share in the base case, and ~$71–$140 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Kimberly-Clark's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Kimberly-Clark buying back stock, and does it pay a dividend?
Kimberly-Clark spent $21M on share repurchases over the trailing twelve months, and its diluted share count fell 0.4% over the year.
What is Kimberly-Clark's market cap?
On November 2, 2026, Kimberly-Clark's market capitalisation was about $36.1B, with a price-to-earnings ratio of 18.4 and net debt of $5.6B. Market figures come from third-party market data and may be delayed.
Does Kimberly-Clark pay a dividend?
Yes: Kimberly-Clark paid $1.7B in dividends over the trailing twelve months, a dividend yield of 4.66% and a payout ratio of 85.9%.
How much debt does Kimberly-Clark have?
Kimberly-Clark's debt-to-equity ratio is 372.4%, from its latest balance sheet (1583.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Kimberly-Clark's competitors?
In our Household Products peer group, the companies closest to Kimberly-Clark are Colgate-Palmolive, Church & Dwight, Unilever PLC, Reynolds Consumer Products Inc. and Central Garden & PET Co. The side-by-side comparison below sets their revenue, margins and growth against Kimberly-Clark's.
Are insiders buying or selling Kimberly-Clark stock?
Over the last 12 months, Kimberly-Clark's directors and officers reported 1 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Kimberly-Clark's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Kimberly-Clark announces its own schedule.