Church & Dwight (CHD) FY2025 10-K Annual Report

Filed: Feb 12, 2026
Health Care
Soap, Detergents, Cleang Preparations, Perfumes, CosmeticsSEC EDGAR

Church & Dwight (CHD) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 12, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Church & Dwight FY2025 10-K Analysis

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

Church & Dwight FY2025 Key Financial Metrics
XBRL

Revenue

$6.2B

+1.6% YoY

Net Income

$737M

+25.9% YoY

Gross Margin

44.7%

-95bp YoY

Operating Margin

17.4%

+416bp YoY

Net Margin

11.9%

+229bp YoY

ROE

18.4%

+499bp YoY

Total Assets

$8.9B

+0.3% YoY

EPS (Diluted)

$3.02

+27.4% YoY

Operating Cash Flow

$1.2B

+5.1% YoY

Source: XBRL data from Church & Dwight FY2025 10-K filing on SEC EDGAR. All figures in USD.

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