UL financial statements
The full income statement, balance sheet, and cash-flow statement for Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 57.1B+0.7% | 56.8B+1.6% | 55.9B-11.6% | 63.2B+1.9% | 62.0B+7.3% | |
| 26.8B+1.2% | 26.5B+8.9% | 24.3B-4.3% | 25.4B-3.1% | 26.2B+4.4% | ||
| Cost of revenue | 30.3B+0.2% | 30.3B-4.1% | 31.6B-16.5% | 37.8B+5.5% | 35.8B+9.4% | |
| Research & development | 946M-2.0% | 965M+4.6% | 922M-3.4% | 955M-4.6% | 1.00B+9.8% | |
| Operating income | 10.2B+7.1% | 9.55B-1.9% | 9.73B-14.0% | 11.3B+9.9% | 10.3B+8.7% | |
| Interest expense | 1.16B+7.8% | 1.08B+7.8% | 997M+15.9% | 861M+48.2% | 581M-30.0% | |
| Pre-tax income | 9.84B+8.6% | 9.05B-2.9% | 9.33B-14.2% | 10.9B+7.5% | 10.1B+11.0% | |
| Income tax | 2.81B+11.3% | 2.52B+17.2% | 2.15B-1.1% | 2.18B-4.9% | 2.29B+4.4% | |
| 11.3B+64.4% | 6.89B-10.8% | 7.72B-11.2% | 8.70B+11.1% | 7.83B+13.1% | ||
| Net income to common | 10.7B+72.4% | 6.21B-11.4% | 7.02B-12.7% | 8.04B+12.4% | 7.15B+12.4% | |
| $4.89+75.2% | $2.79-10.7% | $3.13-0.6% | $3.15+14.6% | $2.74+13.5% | ||
| EPS (basic) | $4.90+74.9% | $2.80-10.7% | $3.14-0.6% | $3.16+14.5% | $2.76+13.5% | |
| Weighted-avg shares (basic) | 2.18B-1.4% | 2.22B-0.9% | 2.24B-12.2% | 2.55B-2.0% | 2.60B-0.8% | |
| Weighted-avg shares (diluted) | 2.20B-1.5% | 2.23B-1.0% | 2.25B-12.1% | 2.56B-1.9% | 2.61B-0.8% | |
| Dividends per share | $2.31+24.9% | $1.85-1.1% | $1.87+8.0% | $1.73-14.1% | $2.02+8.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 20.1B+0.6% | 19.9B+0.9% | 19.8B-3.6% | 20.5B+4.0% | 19.7B-0.8% | ||
| Cash & equivalents | 4.63B-27.3% | 6.38B+38.9% | 4.59B-0.8% | 4.63B+19.7% | 3.87B-43.3% | |
| Accounts receivable | 8.64B+38.2% | 6.25B-2.0% | 6.38B-15.6% | 7.55B+23.0% | 6.14B+1.1% | |
| Inventory | 4.75B-11.7% | 5.38B-4.8% | 5.65B-10.9% | 6.35B+19.7% | 5.30B-3.4% | |
| 82.8B-0.0% | 82.9B-0.2% | 83.1B-0.2% | 83.3B-2.1% | 85.0B+2.2% | ||
| Property, plant & equipment | 9.20B-13.7% | 10.7B+3.0% | 10.4B+2.7% | 10.1B-14.0% | 11.7B-9.8% | |
| Goodwill | 20.8B-10.2% | 23.2B-0.5% | 23.3B+0.8% | 23.1B+0.4% | 23.0B-1.2% | |
| Total non-current assets | 62.8B-0.2% | 62.9B-0.6% | 63.3B+0.9% | 62.8B-3.9% | 65.3B+3.1% | |
| 25.5B-2.9% | 26.2B+1.1% | 26.0B-4.6% | 27.2B-3.0% | 28.1B+10.8% | ||
| Short-term & current debt | 2.29B-58.9% | 5.57B+24.2% | 4.49B-11.2% | 5.05B-29.3% | 7.15B+66.1% | |
| 62.2B+4.6% | 59.4B-1.2% | 60.2B+0.2% | 60.0B-4.2% | 62.7B+1.9% | ||
| Long-term debt | 28.3B+17.0% | 24.2B-3.1% | 25.0B+7.1% | 23.3B-3.4% | 24.1B-7.0% | |
| 18.3B-12.1% | 20.8B+4.0% | 20.0B-1.8% | 20.4B+5.0% | 19.4B+3.2% | ||
| Total equity incl. non-controlling | 20.7B-11.8% | 23.4B+2.3% | 22.9B-1.3% | 23.2B+3.8% | 22.4B+3.0% | |
| Shares outstanding (cover) | 2.18B-13.6% | 2.52B+0.1% | 2.52B-4.1% | 2.63B+0.0% | 2.63B+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 9.45B-8.2% | 10.3B+1.0% | 10.2B+33.1% | 7.66B-18.8% | 9.43B-8.7% | ||
| Depreciation & amortization | 1.48B+10.8% | 1.34B+7.9% | 1.24B-31.6% | 1.81B-12.1% | 2.07B-10.2% | |
| Capital expenditure | 1.60B+7.3% | 1.49B+15.7% | 1.29B-15.7% | 1.53B+16.9% | 1.31B+33.2% | |
| Free cash flow | 7.84B-10.9% | 8.80B-1.1% | 8.90B+45.2% | 6.13B-24.5% | 8.12B-13.1% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 4.84B+5.7% | 4.58B-4.1% | 4.78B-41.6% | 8.18B+45.7% | 5.62B+58.0% | |
| Long-term debt repaid | 4.01B-3.5% | 4.16B+10.9% | 3.75B-57.7% | 8.88B+111.5% | 4.20B+3.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 5.04B+7.9% | 4.67B-1.0% | 4.72B+3.6% | 4.55B-14.1% | 5.30B+8.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 143B+0.2% | 142B-0.9% | 144B-3.7% | 149B-6.4% | 159B-10.9% | |
| P/E | 12.6×-39.0% | 20.7×+25.2% | 16.5×-13.3% | 19.0×-6.4% | 20.3×-21.2% | |
| P/S | 2.5×-0.4% | 2.5×+10.4% | 2.3×-5.5% | 2.4×-6.4% | 2.6×-16.9% | |
| P/B | 7.8×+14.1% | 6.8×-2.9% | 7.1×-8.3% | 7.7×-6.4% | 8.2×-13.6% | |
| P/FCF | 18.2×+12.5% | 16.2×-31.0% | 23.4×+27.5% | 18.4×-6.4% | 19.6×+2.6% | |
| Earnings yield | 7.9%+64.0% | 4.8%-20.1% | 6.1%+15.4% | 5.3%+6.8% | 4.9%+26.9% | |
| FCF yield | 5.5%-11.1% | 6.2%+44.9% | 4.3%-21.6% | 5.4%+6.8% | 5.1%-2.5% | |
| Dividend yield | 3.5%+21.9% | 2.9%-15.5% | 3.4%+12.2% | 3.1%-8.2% | 3.3%+22.0% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: UL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all UL filings on SEC EDGAR → Not investment advice.