# Kimberly-Clark Corporation (KMB) — Financial Analysis

**Exchange:** NYSE  
**Coverage as of:** 2026-Q2  
**Updated:** 2026-05-13  
**Tier:** Free primer (step 2 of 19)  
**Sibling pages:** /stocks/KMB/thesis · /stocks/KMB/memo

## Financial Snapshot

---
ticker: KMB
step: 04
generated: 2026-05-12
source: quick-research
---

### Kimberly-Clark Corporation (KMB) — Financial Snapshot

#### Income Statement Summary

| Metric | FY2022 | FY2023 | FY2024 | YoY |
|--------|--------|--------|--------|-----|
| Revenue | ~$20.2B | ~$20.2B | ~$20.1B | ~0% |
| Gross Margin | ~33% | ~34.4% | ~35.8% | +140bps |
| Operating Margin | ~14% | ~15% | ~16% | |
| Net Income | ~$2.0B | ~$2.6B | ~$2.6B | ~0% |
| EPS (adjusted diluted) | ~$6.00 | $6.57 | $7.30 | +11% |

*Note: FY2025 revenue ~$17.2B reflects the Suzano JV contribution of International Family Care and Professional businesses. Adjusted EPS continues double-digit growth in 2025.*

#### Cash Flow & Balance Sheet (FY2024)

| Metric | Value |
|--------|-------|
| Operating Cash Flow | ~$3.2B |
| Free Cash Flow | $2.51B |
| Cash & Equivalents | ~$0.6B |
| Total Debt | ~$8.0B |

#### Key Ratios (approximate)
- P/E: ~20–22x (adj.) | EV/EBITDA: ~14x | Dividend Yield: ~4%
- Revenue Growth (FY2024 organic): +3.2% | Gross Margin: ~35.8%

#### Growth Profile
KMB's revenue growth has been modest in absolute terms due to FX headwinds and divestitures, but organic growth of 3%+ driven by pricing and volume gains is a positive trend. The strategic focus is on margin expansion: KMB targets 40% gross margin and 18–20% operating margin by end of decade (from current ~35.8%/~16%), implying significant earnings power increase without needing volume acceleration. Adjusted EPS has grown double-digits in 2023 and 2024, funded by operational efficiencies, premiumization, and cost savings.

#### Forward Estimates
- **FY2026**: Organic sales growth guidance of ~2%+ (deceleration from prior years); continued adjusted EPS double-digit growth; gross margin expansion ongoing
- **Margin target**: 40% gross margin and 18–20% operating margin by end of decade — each 100bps of gross margin expansion = ~$170M in gross profit on ~$17B base

## Deeper Financial Analysis

The fundamental tier ($1.00) adds 8 dimensions not included here:

- Revenue Breakdown — segment revenue, geographic mix, product-line margins
- Financial Trends — QoQ momentum, leading indicators, inflection points
- Balance Sheet — debt structure, dilution risk, working capital dynamics
- Capital Allocation — ROIC, buyback cadence, reinvestment efficiency
- Earnings Analysis — beats/misses, guidance vs actuals, transcript highlights
- Competitive Positioning — market share, pricing power, peer benchmarks
- Industry Context — TAM, sector tailwinds/headwinds, regulatory backdrop

**API endpoint:** GET /api/v1/research/KMB/fundamental

## Navigation

- Overview: /stocks/KMB
- Financials (this page): /stocks/KMB/financials
- Thesis: /stocks/KMB/thesis
- Investment Memo: /stocks/KMB/memo
- Coverage universe: /stocks