The Procter & Gamble Company
PGNYSE
$164.17
Last price · USD
- Market cap
- $397.7B
- P/E
- 24.8x
- EV / EBITDA
- 17.3x
- P/S
- 4.6x
- FCF yield
- 3.8%
- Div. yield
- 2.57%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
The Procter & Gamble Company cash flow statement
Annual · USD millions except per-share data · 36 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 16,144 | 16,065 | 14,879 | 14,738 | 14,793 | +2.2% | |
| Depreciation & amortization | 3,160 | 2,847 | 2,896 | 2,714 | 2,807 | +3.0% | |
| Deferred income tax | 51 | 149 | (244) | (453) | (402) | — | |
| Stock-based compensation | 524 | 476 | 562 | 545 | 528 | -0.2% | |
| Change in working capital | 362 | (2,474) | (436) | (1,220) | (1,147) | — | |
| Accounts receivables | 84 | 45 | (766) | (307) | (694) | — | |
| Inventory | (641) | (324) | (70) | (119) | (1,247) | — | |
| Accounts payables | 919 | (542) | 1,814 | 313 | 1,429 | -10.4% | |
| Other working capital | 0 | (1,653) | (1,414) | (1,107) | (635) | — | |
| Other non-cash items | (685) | 755 | 2,189 | 524 | 144 | — | |
| Net cash from operating activities | 19,556 | 17,818 | 19,846 | 16,848 | 16,723 | +4.0% | |
| Operating cash flow | 19,556 | 17,817 | 19,846 | 16,848 | 16,723 | +4.0% | |
| Investing activities | |||||||
| Investments in PP&E | (4,409) | (3,773) | (3,322) | (3,062) | (3,156) | — | |
| Capital expenditure | (4,409) | (3,773) | (3,322) | (3,062) | (3,156) | — | |
| Acquisitions, net | (85) | (11) | (21) | (765) | (1,381) | — | |
| Sales / maturities of investments | 0 | 0 | 0 | 0 | 3 | — | |
| Other investing activities | (130) | (34) | (161) | 327 | 110 | — | |
| Net cash from investing activities | (4,624) | (3,818) | (3,504) | (3,500) | (4,424) | — | |
| Financing activities | |||||||
| Net debt issuance | (107) | 630 | (2,442) | 2,937 | 1,892 | — | |
| Short-term net debt issuance | 631 | 370 | (3,304) | 818 | (150) | — | |
| Long-term net debt issuance | (738) | 260 | 862 | 2,119 | 2,042 | — | |
| Net stock issuance | (4,121) | (4,793) | (5,006) | (7,353) | (10,003) | — | |
| Common stock issuance | 907 | 1,707 | 0 | 0 | 0 | — | |
| Common stock repurchased | (5,028) | (6,500) | (5,006) | (7,353) | (10,003) | — | |
| Net common stock issuance | (4,121) | (4,793) | (5,006) | (7,353) | (10,003) | — | |
| Common dividends paid | (10,232) | (9,872) | (9,312) | (8,999) | (8,770) | — | |
| Net dividends paid | (10,232) | (9,872) | (9,312) | (8,999) | (8,770) | — | |
| Other financing activities | 0 | (1) | 1,905 | 1,269 | 2,005 | — | |
| Net cash from financing activities | (14,460) | (14,036) | (14,855) | (12,146) | (14,876) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | (86) | 110 | (251) | (170) | (497) | — | |
| Net change in cash | 386 | 74 | 1,236 | 1,032 | (3,074) | — | |
| Cash at beginning of period | 9,556 | 9,482 | 8,246 | 7,214 | 10,288 | -1.8% | |
| Cash at end of period | 9,942 | 9,556 | 9,482 | 8,246 | 7,214 | +8.3% | |
| Free cash flow | 15,147 | 14,044 | 16,524 | 13,786 | 13,567 | +2.8% | |
| Income taxes paid | 0 | 4,554 | 4,363 | 4,278 | 3,818 | — | |
| Interest paid | 866 | 896 | 878 | 721 | 451 | +17.7% | |