ULUnilever PLC

$64.97

Is the business good?

How good a business is UL?

Unilever PLC earns 20% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

20%

Return on invested capital · cost of capital 9.0% · 11 points above what the capital costs: growth creates value

Operating margin
18%

Operating margin · Household & Personal Products median 15% · fiscal year to FY2025

Cash conversion
0.73×

Cash conversion · 1.42× a year ago · some of the reported profit has not turned into cash yet

Share count, year on year
−1.5%

Share count, year on year · bought back, each share owns more of the company

Operating margin by fiscal year
YearOperating margin
FY202016%
FY202117%
FY202218%
FY202317%
FY202417%
FY202518%
Details
Gross marginfiscal year to FY2025
47%
Operating marginfiscal year to FY2025
18%
Net marginfiscal year to FY2025
19%
Free cash flow margin
14%
R&D as % of revenue
1.7%
Revenue, trailing twelve months
$50.5B
Free cash flow, trailing twelve months
$6.93B
Net income, trailing twelve months
$9.47B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
20%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.