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Newell Brands Financials

NWL
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Newell Brands (NWL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 26 / 100
Financial Profile 26/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
23

Newell Brands has an operating margin of 0.5%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is down from 0.9% the prior year.

Growth
25

Newell Brands's revenue declined 5% year-over-year, from $7.6B to $7.2B. This contraction results in a growth score of 25/100.

Leverage
63

Newell Brands has a moderate D/E ratio of 1.90. This balance of debt and equity financing earns a leverage score of 63/100.

Liquidity
16

Newell Brands's current ratio of 1.07 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 16/100, which could limit financial flexibility.

Cash Flow
26

While Newell Brands generated $264.0M in operating cash flow, capex of $247.0M consumed most of it, leaving $17.0M in free cash flow. This results in a low score of 26/100, reflecting heavy capital investment rather than weak cash generation.

Returns
0

Newell Brands generates a -11.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -7.8% the prior year.

Altman Z-Score Distress
0.39

Newell Brands scores 0.39, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Weak
3/9

Newell Brands passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed
-0.93x

For every $1 of reported earnings, Newell Brands generates $-0.93 in operating cash flow ($264.0M OCF vs -$285.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$7.2B
YoY-5.0%
5Y CAGR-5.2%
10Y CAGR+2.0%

Newell Brands generated $7.2B in revenue in fiscal year 2025. This represents a decrease of 5.0% from the prior year.

EBITDA
$350.0M
YoY-10.3%
10Y CAGR-7.6%

Newell Brands's EBITDA was $350.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 10.3% from the prior year.

Net Income
-$285.0M
YoY-31.9%

Newell Brands reported -$285.0M in net income in fiscal year 2025. This represents a decrease of 31.9% from the prior year.

EPS (Diluted)
$-0.68
YoY-30.8%

Newell Brands earned $-0.68 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 30.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$17.0M
YoY-92.8%
5Y CAGR-57.1%
10Y CAGR-26.7%

Newell Brands generated $17.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 92.8% from the prior year.

Cash & Debt
$203.0M
YoY+2.5%
5Y CAGR-27.0%
10Y CAGR-3.0%

Newell Brands held $203.0M in cash against $4.5B in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.28
YoY+0.0%
5Y CAGR-21.2%
10Y CAGR-9.5%

Newell Brands paid $0.28 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding
419M
YoY+0.7%
5Y CAGR-0.3%
10Y CAGR+4.6%

Newell Brands had 419M shares outstanding in fiscal year 2025. This represents an increase of 0.7% from the prior year.

Margins & Returns

Gross Margin
33.8%
YoY+0.2pp
5Y CAGR+0.9pp
10Y CAGR-5.2pp

Newell Brands's gross margin was 33.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.

Operating Margin
0.5%
YoY-0.3pp
5Y CAGR+7.2pp
10Y CAGR-9.6pp

Newell Brands's operating margin was 0.5% in fiscal year 2025, reflecting core business profitability. This is down 0.3 percentage points from the prior year.

Net Margin
-4.0%
YoY-1.1pp
5Y CAGR+4.2pp
10Y CAGR-9.9pp

Newell Brands's net profit margin was -4.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.1 percentage points from the prior year.

Return on Equity
-11.9%
YoY-4.1pp
5Y CAGR+7.8pp
10Y CAGR-31.1pp

Newell Brands's ROE was -11.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.1 percentage points from the prior year.

Capital Allocation

R&D Spending
$114.0M
YoY-7.3%
5Y CAGR-4.6%
10Y CAGR+0.1%

Newell Brands invested $114.0M in research and development in fiscal year 2025. This represents a decrease of 7.3% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$247.0M
YoY-4.6%
5Y CAGR-0.9%
10Y CAGR+1.6%

Newell Brands invested $247.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 4.6% from the prior year.

NWL Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $1.9B+5.0% $1.8B-6.7% $1.9B+23.6% $1.6B-19.7% $1.9B+0.1% $1.9B-4.2% $2.0B+23.0% $1.7B
Cost of Revenue $1.3B+6.6% $1.2B-4.8% $1.3B+17.6% $1.1B-17.1% $1.3B+1.2% $1.3B-4.9% $1.3B+16.1% $1.1B
Gross Profit $628.0M+1.9% $616.0M-10.1% $685.0M+36.2% $503.0M-24.5% $666.0M-1.9% $679.0M-2.9% $699.0M+38.7% $504.0M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $514.0M+4.5% $492.0M-3.1% $508.0M+7.9% $471.0M-16.6% $565.0M+5.4% $536.0M+3.1% $520.0M+12.6% $462.0M
Operating Income -$272.0M-328.6% $119.0M-30.4% $171.0M+714.3% $21.0M+133.3% $9.0M+107.4% -$121.0M-174.2% $163.0M+918.8% $16.0M
Interest Expense N/A N/A N/A N/A N/A N/A N/A $70.0M
Income Tax -$44.0M-309.5% $21.0M-16.0% $25.0M+238.9% -$18.0M+28.0% -$25.0M-257.1% -$7.0M-117.9% $39.0M+176.5% -$51.0M
Net Income -$315.0M-1600.0% $21.0M-54.3% $46.0M+224.3% -$37.0M+31.5% -$54.0M+72.7% -$198.0M-540.0% $45.0M+600.0% -$9.0M
EPS (Diluted) N/A $0.05-54.5% $0.11+222.2% $-0.09 N/A $-0.48-536.4% $0.11+650.0% $-0.02

NWL Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $10.7B-5.1% $11.3B-1.9% $11.5B+2.0% $11.3B+2.5% $11.0B-6.5% $11.8B-2.3% $12.0B-0.4% $12.1B
Current Assets $2.7B-7.9% $2.9B-5.5% $3.1B+2.1% $3.0B+9.8% $2.8B-17.5% $3.4B-1.8% $3.4B+0.7% $3.4B
Cash & Equivalents $203.0M-11.4% $229.0M+4.6% $219.0M-6.0% $233.0M+17.7% $198.0M-59.9% $494.0M+29.3% $382.0M+2.7% $372.0M
Inventory $1.3B-12.0% $1.5B-3.9% $1.5B-4.5% $1.6B+13.4% $1.4B-15.3% $1.7B+0.8% $1.6B-3.3% $1.7B
Accounts Receivable $987.0M+4.7% $943.0M-12.8% $1.1B+21.2% $892.0M+1.6% $878.0M-5.7% $931.0M-13.2% $1.1B+11.9% $958.0M
Goodwill $3.1B0.0% $3.1B-0.1% $3.1B+1.4% $3.1B+0.7% $3.0B-1.2% $3.1B+0.6% $3.1B-0.1% $3.1B
Total Liabilities $8.3B-3.1% $8.6B-2.6% $8.8B+2.6% $8.6B+4.1% $8.3B-7.4% $8.9B-0.6% $9.0B-0.6% $9.0B
Current Liabilities $2.5B-2.4% $2.6B-6.9% $2.8B+3.4% $2.7B+10.3% $2.4B-28.4% $3.4B-2.9% $3.5B+18.5% $3.0B
Long-Term Debt $4.5B+0.1% $4.5B+0.1% $4.5B+0.3% $4.5B+0.3% $4.5B+10.2% $4.1B+0.8% $4.1B-10.9% $4.6B
Total Equity $2.4B-11.3% $2.7B+0.2% $2.7B+0.1% $2.7B-2.2% $2.8B-3.8% $2.9B-7.1% $3.1B+0.1% $3.1B
Retained Earnings -$3.2B-10.8% -$2.9B+0.7% -$2.9B+1.5% -$3.0B-1.3% -$2.9B-1.9% -$2.9B-7.4% -$2.7B+1.6% -$2.7B

NWL Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $161.0M-57.0% $374.0M+744.8% -$58.0M+72.8% -$213.0M-242.0% $150.0M-46.8% $282.0M+781.3% $32.0M0.0% $32.0M
Capital Expenditures $70.0M+18.6% $59.0M0.0% $59.0M0.0% $59.0M-38.5% $96.0M+88.2% $51.0M-3.8% $53.0M-10.2% $59.0M
Free Cash Flow $91.0M-71.1% $315.0M+369.2% -$117.0M+57.0% -$272.0M-603.7% $54.0M-76.6% $231.0M+1200.0% -$21.0M+22.2% -$27.0M
Investing Cash Flow -$49.0M-113.0% -$23.0M+64.6% -$65.0M-140.7% -$27.0M+38.6% -$44.0M-91.3% -$23.0M+32.4% -$34.0M+32.0% -$50.0M
Financing Cash Flow -$160.0M+50.5% -$323.0M-388.4% $112.0M-58.5% $270.0M+169.8% -$387.0M-172.5% -$142.0M-888.9% $18.0M-70.0% $60.0M
Dividends Paid $30.0M0.0% $30.0M+3.4% $29.0M-6.5% $31.0M+6.9% $29.0M0.0% $29.0M0.0% $29.0M-6.5% $31.0M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

NWL Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 33.1%-1.0pp 34.1%-1.3pp 35.4%+3.3pp 32.1%-2.1pp 34.2%-0.7pp 34.9%+0.5pp 34.4%+3.9pp 30.5%
Operating Margin -14.3%-20.9pp 6.6%-2.3pp 8.8%+7.5pp 1.3%+0.9pp 0.5%+6.7pp -6.2%-14.2pp 8.0%+7.0pp 1.0%
Net Margin -16.6%-17.8pp 1.2%-1.2pp 2.4%+4.7pp -2.4%+0.4pp -2.8%+7.4pp -10.2%-12.4pp 2.2%+2.8pp -0.5%
Return on Equity -13.2%-14.0pp 0.8%-0.9pp 1.7%+3.1pp -1.4%+0.6pp -2.0%+5.0pp -6.9%-8.4pp 1.5%+1.8pp -0.3%
Return on Assets -2.9%-3.1pp 0.2%-0.2pp 0.4%+0.7pp -0.3%+0.2pp -0.5%+1.2pp -1.7%-2.0pp 0.4%+0.4pp -0.1%
Current Ratio 1.07-0.1 1.14+0.0 1.12-0.0 1.130.0 1.14+0.2 0.99+0.0 0.98-0.2 1.15
Debt-to-Equity 1.90+0.2 1.680.0 1.680.0 1.68+0.0 1.64+0.2 1.43+0.1 1.32-0.2 1.48
FCF Margin 4.8%-12.6pp 17.4%+23.5pp -6.0%+11.3pp -17.4%-20.1pp 2.8%-9.1pp 11.9%+12.9pp -1.0%+0.6pp -1.6%

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Frequently Asked Questions

Newell Brands (NWL) reported $7.2B in total revenue for fiscal year 2025. This represents a -5.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Newell Brands (NWL) revenue declined by 5% year-over-year, from $7.6B to $7.2B in fiscal year 2025.

No, Newell Brands (NWL) reported a net income of -$285.0M in fiscal year 2025, with a net profit margin of -4.0%.

Newell Brands (NWL) reported diluted earnings per share of $-0.68 for fiscal year 2025. This represents a -30.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Newell Brands (NWL) had EBITDA of $350.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Newell Brands (NWL) had $203.0M in cash and equivalents against $4.5B in long-term debt.

Newell Brands (NWL) had a gross margin of 33.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Newell Brands (NWL) had an operating margin of 0.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Newell Brands (NWL) had a net profit margin of -4.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Newell Brands (NWL) paid $0.28 per share in dividends during fiscal year 2025.

Newell Brands (NWL) has a return on equity of -11.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Newell Brands (NWL) generated $17.0M in free cash flow during fiscal year 2025. This represents a -92.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Newell Brands (NWL) generated $264.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Newell Brands (NWL) had $10.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Newell Brands (NWL) invested $247.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Newell Brands (NWL) invested $114.0M in research and development during fiscal year 2025.

Newell Brands (NWL) had 419M shares outstanding as of fiscal year 2025.

Newell Brands (NWL) had a current ratio of 1.07 as of fiscal year 2025, which is considered adequate.

Newell Brands (NWL) had a debt-to-equity ratio of 1.90 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Newell Brands (NWL) had a return on assets of -2.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Newell Brands (NWL) has an Altman Z-Score of 0.39, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Newell Brands (NWL) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Newell Brands (NWL) has an earnings quality ratio of -0.93x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Newell Brands (NWL) scores 26 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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