Short answer
Church & Dwight (CHD) filed its fiscal 2025 10-K annual report with the SEC on Feb 12, 2026. It reported revenue of $6.2B (+1.6% year over year) and net income of $737M.
- Top risk flagged: Regulatory/legal risk: Potential impairment of WATERPIK trade name valued at $644.7M due to declining sales from inflation and consumer shift to value brands
FY2025 key financial metrics · XBRL
- Revenue
- $6.2B
- +1.6% YoY
- Net income
- $737M
- +25.9% YoY
- Operating margin
- 17.4%
- +4.2 pp YoY
- Gross margin
- 44.7%
- −1.0 pp YoY
- EPS (diluted)
- $3.02
- +27.4% YoY
- ROE
- 18.4%
- +5.0 pp YoY
- Operating cash flow
- $1.2B
- +5.1% YoY
Source: XBRL data from the Church & Dwight (CHD) FY2025 10-K on SEC EDGAR. USD.
Church & Dwight FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Consumer products company focused on affordable, quality everyday household and personal care items
- Emphasis on sustainability governance with senior executives and Board oversight, integrating six sustainability pillars and leveraging ISSB and GRI reporting standards
- Workforce shrank by ~200 employees to 5,550 in 2025, 85% in Americas, turnover rate 17%, revenue per employee ~$1.12M
- Employee Resource Groups (ERGs) for veterans, Black employees, and women launched in 2023 to enhance diversity and inclusion efforts
- Largest customer Walmart ~23% of net sales; top 4 customers ~44%, highlighting customer concentration risk in highly competitive, inflation-pressured markets
Management Discussion & Analysis
- Revenue $6,203.2M, up 1.6% YoY ($96.1M increase) driven by acquisitions and volume gains
- Operating margin 17.4% vs 13.3%, income from operations $1,077.6M up 33.5% YoY ($270.5M increase)
- Best segment: Consumer Domestic $4,774.8M (+0.9% YoY), income from operations $920.8M (+$235.9M)
- Worst segment: SPD $299.0M (-1.4% YoY), income from operations $40.6M (+$1.5M)
- Cash $409.0M, $1,993.0M available credit; new $2,000M revolving credit facility with 2030 maturity; no dividend or buyback specifics disclosed
- Management highlights risks from economic environment; no formal guidance given in text provided
Risk Factors
- Regulatory/legal risk: Potential impairment of WATERPIK trade name valued at $644.7M due to declining sales from inflation and consumer shift to value brands
- Geopolitical/macroeconomic exposure: 23% of net sales in 2025 from Walmart Inc. and affiliates, concentration risk if disruption impacts this customer
- Operational/supply chain risk: Inventory days outstanding reduced from 67 to 62 days in 2025 due to focus on inventory management amidst volatile environment
- Competitive/market disruption: Touchland acquisition for $656.0M exposes company to emerging hand sanitizer competition and integration risks affecting future cashflows
- Financial risk: $2.205B debt at 4.1% fixed interest rate with $900M in treasury stock repurchases in 2025 reducing liquidity and increasing leverage risk
Generated from the filing text; verify against the original. How to read a 10-K
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