CHDCHURCH & DWIGHT CO INC /DE/

Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics

Revenue: $6.2B; 1.6% YoY
Operating margin: 17.4%; 31% YoY
EBITDA: $1.3B; 27% YoY
Market cap: $25.3B
Employees: 5,550; $1M revenue each
Net debt / EBITDA: 1.3×; $1.8B net debt
AI in 10-K: 1.9; mentions per 10K words

Takeover score 1 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
165% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
98% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
29% of assets
Over 40% of assets
Shareholder dissentNo
88% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$1M · 79th pct
Bottom quartile of its SIC industry
Quiet on AINo
1.9 per 10K words · 53rd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
1.3× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$25.3B market cap
Market cap $500M–$5B

Catalysts 1 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingYes
−$12M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$5.2B	$5.4B	$5.9B	$6.1B	$6.2B	1.6%
Operating income	$1.1B	$598M	$1.1B	$807M	$1.1B	34%
Net income	$828M	$414M	$756M	$585M	$737M	26%
Operating cash flow	$994M	$885M	$1.0B	$1.2B	$1.2B	5.1%
Capex	$119M	$179M	$224M	$180M	$122M	32%
Stock-based comp	$24M	$32M	$64M	$59M	$58M	2.0%
Buybacks	$500M	$0	$300M	$0	$900M
Dividends	$248M	$255M	$267M	$277M	$287M	3.7%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $12M · 12
Net: −$12M

Pay vs performance

No pay-versus-performance disclosure yet.