One-glance verdict
Within fair range
$115.00 our estimate vs market $105.38
Wall Street consensus: $104.63 (-9.0% lower than our fair-value estimate)
8% below our estimate
Fundamentals snapshot
Church & Dwight Co., Inc.
CHD · NYQ · Consumer Defensive · Household & Personal Products
Current price
$105.38
52-week range
$81.33 - $108.93
Market cap
$25.00B
Balance sheet
Watch
11.32x Adequate
Net debt $2.17B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 0.4% last year.
- Reward Returns 17.0% on equity, ahead of 33% of its peers.
- Risk Operating margin compressed from 18.8% to 18.1% over 3 years.
- Risk Insider ownership is only 0.2% (peer median: 0.7%).
What this company does
Church & Dwight Co., Inc.
Church & Dwight makes many household and personal care products you likely have at home, from Arm & Hammer baking soda and OxiClean stain removers to Trojan condoms and Waterpik water flossers. The company earns most of its money from these everyday items that people buy over and over, which can lead to predictable sales and stable profit margins (the percentage of each sale that the company keeps as profit). They also have a smaller business selling specialty products, like baking soda-based feed additives for farm animals.
How the company got here
Church & Dwight began in 1846 when two founders, Austin Church and John Dwight, started a business to sell baking soda. They created the well-known ARM & HAMMER brand, which is famous for its logo of an arm holding a hammer. For a long time, the company was mainly known for just this one product. Starting in the early 2000s, it began buying other well-known brands like Trojan, OxiClean, Nair, and Orajel to grow into a much larger company with a wide variety of products. This strategy of acquiring (buying) other companies has been a key part of its growth into a major player in household and personal care goods.
What it actually does
You've almost certainly seen Church & Dwight's products at your local supermarket or drugstore, even if you don't know the company's name. It makes a wide range of everyday items, from ARM & HAMMER baking soda and laundry detergent to Trojan condoms, OxiClean stain removers, Batiste dry shampoo, and Waterpik water flossers. The company focuses on creating and selling products that people use regularly for cleaning, personal hygiene, and health. It sells these items through big retailers like supermarkets, drugstores, and online stores.
Consumer Domestic
This is the company's largest business area, making up the vast majority of its sales. It includes all the household and personal care products sold in the United States, like ARM & HAMMER cat litter, OxiClean laundry detergent, and Trojan condoms. Shoppers at major U.S. retailers are the main customers for this part of the business. This segment is built around a collection of what the company calls "power brands," which are its most popular and profitable product lines.
Consumer International
This part of the business sells many of the same household and personal care products, but to customers outside of the United States. It operates in countries like Canada, Mexico, the United Kingdom, France, and Australia. While smaller than the U.S. business, it's an important area for growth as the company introduces its popular brands to new customers around the world. This segment represents a growing slice of the company's overall revenue (the total money it makes from sales).
Specialty Products Division
This is the most different part of Church & Dwight's business and is a much smaller piece of the company's total sales. Instead of selling to everyday shoppers, this division sells specialty products, mostly based on baking soda, to other businesses. For example, it sells baking soda as a feed additive for dairy cows to improve their health and productivity. It also provides specialty chemicals for industrial cleaning and other business uses.
What management is betting on now
The company's main focus is on its most popular and powerful brands, which it calls its "power brands." These include names like ARM & HAMMER, OxiClean, and Trojan, which bring in most of the company's sales and profits. Management continues to look for new brands to acquire (buy) and add to its portfolio, especially in fast-growing areas like health and wellness. They are also focused on sustainability (operating in a way that is environmentally and socially responsible), such as by using renewable energy and reducing plastic in their packaging.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$315.40M
FY2024 Q4
$237.70M
FY2025 Q1
$169.20M
FY2025 Q2
$208.30M
FY2025 Q4
$743.70M
FY2026 Q1
$142.90M
FY2026 Q2
$256.90M
Revenue
$1.53B
Net income
$202.80M
Diluted EPS
0.85
Operating cash flow
$286.80M
Free cash flow
$256.90M
Fetching…
Sources
Revenue
$1.47B
Net income
$216.30M
Diluted EPS
0.91
Operating cash flow
$174.80M
Free cash flow
$142.90M
Fetching…
Sources
Revenue
$1.64B
Net income
$143.50M
Diluted EPS
0.60
Operating cash flow
$798.90M
Free cash flow
$743.70M
Fetching…
Sources
Revenue
$1.59B
Net income
$182.20M
Diluted EPS
0.75
Operating cash flow
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Free cash flow
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Sources
Revenue
$1.51B
Net income
$191.00M
Diluted EPS
0.78
Operating cash flow
$230.80M
Free cash flow
$208.30M
Fetching…
Sources
Revenue
$1.47B
Net income
$220.10M
Diluted EPS
0.89
Operating cash flow
$185.70M
Free cash flow
$169.20M
Fetching…
Sources
Revenue
$1.58B
Net income
$189.20M
Diluted EPS
0.76
Operating cash flow
$292.30M
Free cash flow
$237.70M
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Sources
Revenue
$1.51B
Net income
$-75.10M
Diluted EPS
-0.31
Operating cash flow
$364.00M
Free cash flow
$315.40M
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Sources
Is it cheap or expensive?
Fair value $115.00 vs current price $105.38
Wall Street consensus is the average analyst price target: $104.63 (-9.0% lower than our fair-value estimate).
Our most-likely fair value is $115.00 a share — about 9.1% away from today's price of $105.38, so the stock currently looks fairly priced.
Is it drowning in debt?
Watch
Net debt $2.2B. Interest coverage 11.3x.
Net debt
$2.17B
Interest coverage
11.32x
Church & Dwight Co., Inc.'s profit covers its interest bill about 11.3 times over. which is stronger than most peers shown here.
Watch
Worse cushion
Baseline
Better cushion
CHD
BASELINE
Church & Dwight Co., Inc.
Total debt $2.43B Interest coverage 11.32x This is the baseline the peer rows are being compared against.
Total debt $5.60B Interest coverage 6.82x -40% vs CHD Carries about 1.7x less debt cushion than CHD.
Total debt $6.54B Interest coverage 9.18x -19% vs CHD Carries about 1.2x less debt cushion than CHD.
Total debt $7.57B Interest coverage 23.84x +111% vs CHD Carries about 2.1x more debt cushion than CHD.
Total debt $13.68B Interest coverage 8.10x -28% vs CHD Carries about 1.4x less debt cushion than CHD.
Total debt $1.28B Interest coverage 2.67x -76% vs CHD Carries about 4.2x less debt cushion than CHD.
What you should know
The case for and against CHD
3 Rewards
2 Risks
Rewards
-
Revenue grew 0.4% last year.
-
Returns 17.0% on equity, ahead of 33% of its peers.
-
Free cash flow was positive in 10/10 years.
Risks
-
Operating margin compressed from 18.8% to 18.1% over 3 years.
-
Insider ownership is only 0.2% (peer median: 0.7%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
33.67x
Forward P/E
26.13x
P/B
5.75x
P/S
4.01x
EV/EBITDA
20.05x
PEG ratio
2.96x
Profitability
How much profit each dollar creates
Gross margin
45.6%
Operating margin
18.1%
Net margin
12.0%
ROE
17.0%
ROA
7.9%
Health
Liquidity and balance-sheet strength
Debt / equity
0.56x
Current ratio
1.15x
Quick ratio
0.64x
Total debt
$2.43B
Total cash
$254.80M
Growth
How the business has been compounding
Revenue TTM
$6.23B
Revenue 5Y CAGR
4.6%
EPS TTM
3.13
EPS 5Y CAGR
21.6%
Cash flow
How much cash the business throws off
Operating CF TTM
$1.49B
Free CF TTM
$1.09B
FCF margin
17.5%
Dividend
Shareholder payout
Yield
1.2%
Payout ratio
38.6%
Last ex-div date
2026-08-14