# The Procter & Gamble Company (PG)

> Procter & Gamble makes and sells branded household, personal care, beauty, health, and grooming products.

- Exchange: NYSE · Sector: Consumer Staples · Industry: Household and Personal Products
- Headquarters: Cincinnati, Ohio, United States (knowledge)
- Founded: 1837
- Employees: approximately 104,000 (June 30, 2026)
- SEC CIK: 0000080424 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000080424))
- Full page: https://inspectstocks.com/stocks/pg
- Data as of: price 2026-09-25; newest filing used 2026-08-04; latest fiscal period ended 2026-06-30

## Grade

**A+** on the growth-and-cash rubric, 5 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed | $87B | $82B |
| Revenue growing recently | passed | $87B | $84.3B |
| Free cash flow positive | passed | $15.1B |  |
| Free cash flow growing overall | passed | $15.1B | $13.8B |
| Free cash flow growing recently | passed | $15.1B | $14B |

Business quality (the + / − mark): 6 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 18.4% |  |
| Healthy profit margin | passed | 18.4% |  |
| Strong operating margin | passed | 22.7% |  |
| Good return on equity | passed | 29.5% |  |
| Debt under control | passed | 0.64 |  |
| Turns sales into cash | passed | 17.4% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $87B |
| Net income, trailing twelve months | $16B |
| Free cash flow, trailing twelve months | $15.1B |
| Net margin | 18.4% |
| Operating margin | 22.7% |
| Return on equity | 29.5% |
| Debt to equity | 0.64 |
| Diluted EPS, trailing twelve months | $6.62 |
| Share price | $146.23 |
| Market value | $339.9B |
| Price / earnings | 22.1x |
| Price / sales | 3.9x |

## What the business does

Procter & Gamble develops, manufactures, markets, and distributes everyday consumer products, including laundry detergent, diapers, shampoo, medicines, and razors. It sells through retailers, online stores, distributors, professional channels, and directly to consumers in about 180 countries and territories (FY2026, high).

### How it makes money

- **Fabric and home care** (35.2% (quarter ended 2026-03-31)) — Sells laundry detergents and household cleaning products through retail and online channels.
- **Baby, feminine, and family care** (24.1% (quarter ended 2026-03-31)) — Sells products such as diapers, feminine care items, and tissues and paper towels to consumers through retailers and online channels.
- **Beauty** (18.4% (quarter ended 2026-03-31)) — Sells hair-care and skin-care products through stores, online sellers, and specialty beauty retailers.
- **Health care** (14.6% (quarter ended 2026-03-31)) — Sells personal health and oral-care products through retailers, pharmacies, and online channels.
- **Grooming** (7.7% (quarter ended 2026-03-31)) — Sells shaving products and other grooming items through retailers and online channels.

### Products

- **Tide liquid detergent and Tide Evo** — Laundry detergent sold as a liquid and as concentrated fiber-based unit doses.
- **Diapers** — Baby diapers, including products made for the Chinese market using silk materials.
- **Vicks cough and cold products** — Products marketed for cough and cold relief.
- **Pantene hair care** — Hair-care products, including products promoted with hair experts and beauty creators.
- **SK-II Facial Treatment Essence** — A facial skin-care product sold under the SK-II brand.
- **Mr. Clean Magic Eraser and Shower and Tub Scrubber** — Household cleaning products, including a scrubbing sponge and a handled bathroom scrubber.

### Customers

- Walmart and its affiliates buy P&G products for resale in stores and online; they accounted for approximately 16% of company sales (FY2026, high).
- Mass merchandisers, grocery stores, membership clubs, drug stores, department stores, pharmacies, and specialty beauty retailers buy products for resale.
- Digital commerce, including social commerce, sells P&G products to consumers online.
- Distributors, wholesalers, and professional channels buy products for onward sale or use.
- P&G also sells directly to consumers.

### Competitors

- Unilever (UL) — Household, personal-care, beauty, and grooming products.
- Colgate-Palmolive (CL) — Oral care, personal care, and household products.
- Kimberly-Clark (KMB) — Diapers, tissues, and other paper-based consumer products.
- Church & Dwight (CHD) — Laundry, household cleaning, personal-care, and oral-care products.
- Reckitt (RBGLY) — Health, hygiene, and household cleaning products.

### What it depends on

- Almost all raw and packaging materials are purchased from outside suppliers, and some materials have single-source suppliers.
- Manufacturing and transportation depend on fuel, natural gas, and related commodities; their prices can fluctuate, and tariffs can add costs.
- Walmart and its affiliates accounted for approximately 16% of sales (FY2026, high), making that customer relationship a notable sales dependency.
- The company sells in many countries and depends on its ability to manage currency movements, local pricing rules, and different regulations.

### What could go wrong

- Disruption to the global supply chain, including problems involving suppliers or single-source materials, could interrupt production or delivery.
- Changes in the prices of raw materials, energy, transportation, and tariffs can raise costs; the company says it may not be able to pass those increases on to customers.
- Changes in consumer demand, retailer orders, or relationships with major customers can affect sales; the call described shipment and store-sale differences related to retailer inventory changes and trading arrangements.

## More on this company

- [Overview](https://inspectstocks.com/stocks/pg)
- [Financial statements](https://inspectstocks.com/stocks/pg/financials)
- [Competitors](https://inspectstocks.com/stocks/pg/peers)
- [Earnings](https://inspectstocks.com/stocks/pg/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.