The Clorox Company

CLX
Financial Analysis · Updated May 13, 2026 · Coverage 2026-Q2
Latest Q Revenue
$1.4B
Q1 FY2026
TTM ROIC
14.7%
FY2025 · NOPAT / Invested Capital (Total Debt + Equity - Excess Cash); 23% effective tax rate applied to EBIT · WACC ~6.25% · Moat spread +7.75pp

Financial Snapshot


ticker: CLX step: 04 generated: 2026-05-13 source: quick-research

The Clorox Company (CLX) — Financial Snapshot

Income Statement Summary

Metric FY2022 FY2023 FY2024 YoY
Revenue $7.10B $7.39B $7.09B -4.0%
Gross Margin ~38% ~37% ~44%
Operating Margin ~9% ~3% ~6%
Net Income $462M $149M $280M +88%
EPS (diluted) ~$3.72 ~$1.20 ~$2.25 +88%

FY2022–2023 were deeply impacted by commodity cost inflation (resins, diesel, pulp) and the catastrophic ERP implementation failure that caused supply-chain breakdowns and a 17% organic sales decline at peak disruption. FY2024 showed recovery — gross margin expanded to ~44% as commodity costs normalized and pricing actions flowed through. FY2025 revenue reached $7.1B with EPS recovery continuing; Health & Wellness segment grew 8.5% YoY.

Cash Flow & Balance Sheet (FY2024)

Metric Value
Operating Cash Flow ~$800M
Free Cash Flow ~$650M
Capital Expenditures ~$150M
Cash & Equivalents ~$350M
Total Debt ~$2.8B

FCF recovered strongly as gross margins normalized. Dividend currently $1.22/quarter ($4.88/year), yielding ~4.8% — maintained through the ERP crisis, signaling management confidence. Debt elevated but manageable given FCF generation.

Key Ratios (approximate)

  • P/E: ~30–35x (trailing, on recovering EPS) | EV/EBITDA: ~18x | Dividend Yield: ~4.8%
  • Revenue Growth (FY2024): -4.0% | FY2025: ~flat to slight positive
  • Return on Invested Capital: ~35%+ (brand moat indicator)
  • Bleach market share: ~61% U.S.

Growth Profile

Clorox is a slow-growth staples compounder under normal conditions (2–4% organic growth) disrupted by two major shocks: FY2022 commodity inflation and FY2023–2024 ERP disaster. The recovery path involves: (1) fill rate normalization (target 92%+ by early 2026), (2) gross margin recovery toward 44–45% as commodity headwinds ease, (3) market share recapture in categories where stockouts caused switching. FY2025 and FY2026 should show above-trend EPS growth driven by recovery, not fundamental acceleration. The structural long-term thesis is brand moat + pricing power in essential categories.

Forward Estimates

  • FY2026: Revenue growth of 2–4% organic; EPS recovery toward $6–7 adjusted as margins stabilize
  • Dividend: $4.88/year (FY2025); consistent annual increases expected
  • Analyst consensus: Mixed — majority Hold/Neutral; some Underweight (JPMorgan downgrade April 2026 citing private-label pressure and consumer weakness)
  • Private-label risk: Key watch item — share erosion in cleaning products vs. store brands at Walmart/Target

Deeper Financial Analysis

The fundamental tier adds 9 additional research dimensions for $CLX.

Revenue Breakdown
Segment revenue, geographic mix, product-line contribution margins, and cohort dynamics.
Financial Trends
Quarter-over-quarter momentum, leading indicators, and inflection point analysis.
Balance Sheet
Debt structure, liquidity runway, dilution risk, and working capital dynamics.
Capital Allocation
Buyback cadence, M&A appetite, dividend policy, and reinvestment priorities.
Returns on Capital (ROIC)
Multi-year ROIC vs. WACC, marginal returns on reinvestment, sales-to-invested-capital efficiency, and moat spread.
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