Colgate Palmolive Co. (CL) intrinsic value & 10-year financials
Colgate Palmolive Co. (CL) has a Graham intrinsic value of $17.61 per share. At $94.11 on Oct 17, 2026, the stock trades 434% above that value. Over the last 10 fiscal years revenue grew 3.3% a year to $20.4B, with an average return on invested capital of 40.9%.
- Graham intrinsic value
- $17.61
- Share price (Oct 17, 2026)
- $94.11
- Price vs Graham value
- 434% above
- Market cap
- $76.3B
- Revenue (FY2025)
- $20.4B
- Revenue growth (10-yr CAGR)
- 3.3%
- ROIC (10-yr avg)
- 40.9%
- Free cash flow (FY2025)
- $3.6B
CL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $20.4B | $2.1B | $2.63 | $3.6B | 16.2% | 34.8% |
| FY2024 | $20.1B | $2.9B | $3.51 | $3.5B | 21.2% | 43.5% |
| FY2023 | $19.5B | $2.3B | $2.77 | $3.0B | 20.5% | 34.8% |
| FY2022 | $18.0B | $1.8B | $2.13 | $1.9B | 16.1% | 27.1% |
| FY2021 | $17.4B | $2.2B | $2.55 | $2.8B | 19.1% | 34.9% |
| FY2020 | $16.5B | $2.7B | $3.14 | $3.3B | 23.6% | 42.9% |
| FY2019 | $15.7B | $2.4B | $2.75 | $2.8B | 22.6% | 43.4% |
| FY2018 | $15.5B | $2.4B | $2.75 | $2.6B | 23.8% | 51.1% |
| FY2017 | $15.5B | $2.0B | $2.28 | $2.5B | 23.2% | 43.8% |
| FY2016 | $15.2B | $2.4B | $2.72 | $2.5B | 25.3% | 52.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Colgate-Palmolive has demonstrated mature, steady growth, with revenue compounding at 3.3% annually over the past decade.
Colgate-Palmolive has earned high returns on invested capital, averaging 40.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Colgate-Palmolive has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Colgate-Palmolive is modeled at -0.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $17.61 per share.