# The Estée Lauder Companies Inc. (EL)

> Source: Nexqual · https://nexqual.com/EL · data as of 2026-10-23 18:16 UTC · cite as "Nexqual, The Estée Lauder Companies Inc. (EL), nexqual.com/EL" · informational, not investment advice.

**Price:** USD 107.95 (+0.21% today) · US market open, as of October 23, 2026 at 18:16 UTC; quotes may be delayed. Prev close 107.72 · day 106.01–108.97 · 52w 66.22–121.64 · market cap $39.1B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $15.0B, net income $182M (1.2% margin), free cash flow $1.32B (SEC filings).
- Valuation: P/E 214.9x (avg 126.0x at the last 2 fiscal year-ends), EV/EBITDA 27.2x, net debt $3.81B.
- 3 of 80 tracked superinvestors hold EL (13F, Q2 2026): 1 new, 0 added, 1 reduced, 1 unchanged.
- Analysts: Buy (mean 2.33 on a 1–5 scale) (30 analysts), mean target USD 109.7 (range 70–127).
- Total return with dividends: 1Y +10.1% vs S&P 500 +14.5%; 5Y -64.0% vs S&P 500 +77.2%.
- Next earnings: 2026-11-02, EPS estimate USD 0.51, revenue estimate $3.65B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $17.7B | $15.9B | $15.6B | $14.3B | $15.0B | $15.0B |
| Gross profit | $13.4B | $11.3B | $11.2B | $10.6B | $11.4B | — |
| Operating income | $3.17B | $1.51B | $970M | -$785M | $780M | $780M |
| Net income | $2.41B | $1.01B | $409M | -$1.13B | $182M | $182M |
| EPS (diluted) | $6.55 | $2.79 | $1.08 | -$3.15 | $0.50 | — |
| Free cash flow | $2.00B | $728M | $1.44B | $670M | $1.32B | $1.32B |
| Gross margin | 75.7% | 71.3% | 71.7% | 74.0% | 75.5% | — |
| Operating margin | 17.9% | 9.5% | 6.2% | -5.5% | 5.2% | 5.2% |
| Net margin | 13.6% | 6.3% | 2.6% | -7.9% | 1.2% | 1.2% |
| Revenue growth | +9.4% | -10.3% | -1.9% | -8.2% | +5.0% | — |
| Cash + short-term investments | $3.96B | $4.03B | $3.40B | $2.92B | $3.50B | — |
| Total debt | $5.41B | $8.11B | $7.77B | $7.32B | $7.31B | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 214.9x · P/S 2.6x · EV/EBITDA 27.2x · EV/Sales 2.9x · P/FCF 29.7x · P/B 10.3x · FCF yield 3.36% · Earnings yield 0.47% · Dividend yield (paid, TTM) 1.30% · Buyback yield (TTM) 0.18% · Net debt $3.81B · EV $42.9B
P/E at fiscal year-ends: Jun 2026 158.2x, Jun 2024 93.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold EL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Hillman Capital | Hillman Capital Management | 2.87% | $4.0M | Reduced -3.7% |
| Lindsell Train |  | 0.05% | $1.2M | Unchanged |
| Lee Ainslie | Maverick Capital | <0.01% | $253K | New position |

## Analysts
Consensus Buy (mean 2.33 on a 1–5 scale), 30 analysts; mean target USD 109.7 (low 70, high 127).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-23 | Piper Sandler | Target raised | Overweight | $115 → $125 |
| 2026-10-22 | Canaccord Genuity | Target raised | Hold | $90 → $109 |
| 2026-10-19 | JP Morgan | Target raised | Overweight | $112 → $115 |
| 2026-10-19 | Jefferies | Target raised | Hold | $100 → $120 |
| 2026-10-15 | Morgan Stanley | Target raised | Equal-Weight | $102 → $112 |
| 2026-10-05 | Wells Fargo | Target lowered | Equal-Weight | $104 → $95 |
| 2026-10-05 | Barclays | Upgrade | Equal-Weight → Overweight | $97 → $108 |
| 2026-08-21 | Barclays | Target raised | Equal-Weight | $80 → $97 |
| 2026-08-20 | Jefferies | Target raised | Hold | $88 → $100 |
| 2026-08-20 | Canaccord Genuity | Target raised | Hold | $85 → $90 |
| 2026-08-20 | Telsey Advisory Group | Target raised | Market Perform | $90 → $108 |
| 2026-08-20 | Citigroup | Target raised | Buy | $110 → $115 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +10.1% | -64.0% |
| S&P 500 (SPY) | +14.5% | +77.2% |
| Per year | +10.1% | -18.5% |
| Volatility (annualized) | 48.3% | 43.8% |
| Max drawdown | -43.6% (Feb 2026→Mar 2026) | -84.9% (Dec 2021→Mar 2025) |

## Peers (Household & Personal Products)
KVUE (Kenvue Inc.) USD 19.5 -1.91% · KMB (Kimberly-Clark Corporation) USD 109.76 -2.28% · CHD (Church & Dwight Company, Inc.) USD 105.68 -2.92% · CL (Colgate-Palmolive Company) USD 93.92 -3.56% · UL (Unilever PLC) USD 66.09 -1.36% · CLX (Clorox Company (The)) USD 86.15 -2.83%

## More
Full page: https://nexqual.com/EL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by region (fiscal year ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| All other countries | $7.37B | 49.0% | +6.6% |
| Mainland China | $3.93B | 26.1% | +7.6% |
| U.S. | $3.75B | 24.9% | -0.3% |
| Total revenue | $15.05B | 100% | — |

## Company outlook (8-K filed 2026-08-19)

- "Fiscal 2027 Outlook of Organic Net Sales Growth of 3% to 5%;"
- "Raises Outlook on Adjusted Operating Margin to 12.7% to 13.5% New York, August 19, 2026 - The Estée Lauder Companies Inc."
- "(NYSE: EL) today reported its financial results for its fiscal year ended June 30, 2026. "I am incredibly proud of our team for delivering fiscal 2026 results ahead of the expectations we had to start the year."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.51 | $0.48 | +6.1% | $3.65B | 21 |
| Next quarter (ends 2026-12-31) | $1.21 | $1.17 | +2.9% | $4.45B | 20 |
| Current fiscal year (ends 2027-06-30) | $3.33 | $3.18 | +4.5% | $15.73B | 30 |
| Next fiscal year (ends 2028-06-30) | $3.93 | $3.83 | +2.7% | $16.41B | 28 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-06 (includes earnings 2026-11-02): ±10.4%; earnings reaction alone ±8.6%; last 8 reports averaged ±10.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 39.0% | ±4.4% |
| 2026-11-06 | 14 | 66.3% | ±10.4% |
| 2026-11-13 | 21 | 59.3% | ±11.4% |
| 2026-11-20 | 28 | 54.1% | ±12.0% |
| 2026-11-27 | 35 | 50.0% | ±12.4% |
| 2026-12-04 | 42 | 48.1% | ±13.1% |
| 2026-12-18 | 56 | 44.1% | ±14.0% |
| 2027-01-15 | 84 | 40.8% | ±15.8% |