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World's largest food and beverage company, selling packaged foods, coffee, bottled water, pet care, and infant nutrition globally.
World's largest food and beverage company, selling packaged foods, coffee, bottled water, pet care, and infant nutrition globally.
Earns from branded, repeat-purchase foods and drinks sold mainly through supermarkets, with coffee and pet food carrying the business. Nespresso machines pull customers into buying capsules. It has pruned its portfolio over the years, selling US confectionery to Ferrero in 2018, and still holds a long-standing stake in L'Oreal.
Moat: narrow (brand, scale, distribution). Portfolio of category-leading global brands with unmatched retail distribution scale, though categories are competitive.
Headquarters: Vevey, Switzerland · Founded: 1866 · Employees: 271,000
Size Nestle (NESN.SW) is a Switzerland Consumer Staples company (Food: Major Diversified) with a market value of $266B, the 3rd largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 85.85 on 6 Nov 2026.
Performance Over six months the shares gained 11.0%, against +3.6% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 2.4% over the last twelve months (peer median +5.1%); the operating margin is 15.8% (peer median 11.3%).
Valuation It trades at 19.0× forward earnings against a peer median of 16.3× (8th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 88.4B | CHF 89.5B | CHF 91.4B | CHF 93.0B | CHF 94.4B |
| Revenue growth | — | -2% | -2% | -2% | — |
| Gross profit | CHF 40.2B | CHF 40.8B | CHF 42.7B | CHF 42.7B | CHF 42.7B |
| EBITDA | CHF 17.6B | CHF 17.9B | CHF 19.3B | CHF 19.5B | CHF 19.5B |
| Net income | CHF 7.44B | CHF 9.03B | CHF 10.9B | CHF 11.2B | CHF 9.27B |
| Free cash flow | CHF 12.5B | CHF 11.4B | CHF 11.0B | CHF 10.2B | CHF 6.81B |
| Capital expenditure | CHF 4.23B | CHF 4.91B | CHF 5.96B | CHF 6.20B | CHF 5.36B |
| Total debt | n/a | CHF 57.9B | CHF 63.6B | CHF 55.2B | CHF 54.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nestle NESN.SW | $266B | +11% | -2% | 16% | 19.0× | 1.3% |
| Unilever ULVR.L | $143B | +15% | -20% | 20% | 18.4× | 8.0% |
| Mondelez International MDLZ | $83.6B | +8% | +6% | 18% | 19.9× | -2.7% |
| PepsiCo PEP | $193B | -8% | +6% | 16% | 16.6× | -5.5% |
| Danone BN.PA | $48.3B | +8% | 0% | 15% | 17.0× | -0.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NESN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.0% | +7.4% | 3rd highest of 21 |
| 6-month return | +11.0% | +3.6% | 6th highest of 21 |
| Distance from 52-week high | -1.9% | -22.2% | highest of 21 |
| Revenue growth (TTM) | -2.4% | +5.1% | 3rd lowest of 21 |
| Operating margin | 15.8% | 11.3% | 8th highest of 21 |
| Forward P/E | 19.0× | 16.3× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 1.3% | -0.6% | 9th most demanding of 19 |
| Growth delivered (Del g) | +1.2% | +3.7% | 7th lowest of 19 |
| Hurdle (Req g minus delivered) | +0.1 pp | -1.4 pp | 10th least demanding of 19 |
| ROIC minus cost of capital | +8.0 pp | +4.2 pp | 10th highest of 21 |
| EV / EBITDA | 15.6× | 10.6× | 4th most expensive of 14 |
| Net debt / EBITDA | 3.2× | 0.8× | 5th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nestle NESN.SW | Switzerland | $266B | +11% | -2% | 16% | 19.0× | 1.3% | +1.2% |
| Kraft Heinz KHC | United States | $29.2B | +5% | -2% | 17% | 12.5× | -3.9% | -1.0% |
| Nestle India NESTLEIND.NS | India | $26.0B | -13% | +22% | 21% | 59.4× | 36.6% | +11.7% |
| Yihai Kerry Arawana 300999.SZ | China | $21.3B | -8% | +2% | 1% | 37.3× | n/a | n/a |
| General Mills GIS | United States | $19.0B | +2% | -4% | 15% | 11.4× | -6.7% | +0.3% |
| Associated British Foods ABF.L | United Kingdom | $18.7B | +11% | +1% | 7% | 13.5× | 7.8% | +7.1% |
| Conagra Brands CAG | United States | $7.28B | +8% | -2% | 11% | 10.6× | -4.9% | +0.2% |
| SamyangFood 003230.KS | South Korea | $6.70B | -9% | +38% | 23% | 16.3× | -6.6% | +29.4% |
| CSPC Innovation Pharmaceutical 300765.SZ | China | $6.48B | +14% | +117% | 26% | 40.6× | 13.9% | +10.5% |
| Hebei Yangyuan Zhihui Beverage 603156.SS | China | $6.06B | -15% | +12% | 28% | 26.5× | 9.9% | +3.9% |
| Kewpie 2809.T | Japan | $4.07B | +11% | +4% | 7% | 24.2× | 0.6% | -0.7% |
| Olam VC2.SI | Singapore | $2.55B | -29% | -40% | 2% | 17.6× | -3.7% | -3.7% |
| Chagee Holdings Limited Unsponsored ADR CHA | United States | $2.44B | +19% | 0% | 11% | 7.9× | -4.1% | +190.8% |
| ITO EN,Ltd 2593.T | Japan | $2.12B | +14% | +5% | 5% | 26.0× | n/a | n/a |
| Dongsuh 026960.KS | South Korea | $2.06B | +6% | +6% | 8% | n/a | 16.2% | +1.6% |
| Yihai International 1579.HK | Hong Kong | $2.02B | +3% | +11% | 18% | 14.2× | 6.8% | +3.6% |
| Yankershop Food 002847.SZ | China | $1.64B | -30% | 0% | 14% | 14.6× | 2.9% | +24.1% |
| Herbalife HLF | United States | $1.60B | +7% | +6% | 9% | 5.4× | -14.8% | -1.9% |
| Zydus Wellness ZYDUSWELL.NS | India | $1.58B | -7% | +74% | 9% | 41.0× | 32.3% | +16.2% |
| Cheng De Lolo 000848.SZ | China | $1.18B | -11% | +5% | 24% | 12.6× | -10.8% | +11.3% |
| S&B Foods 2805.T | Japan | $1.16B | +53% | +7% | 9% | 16.8× | -1.8% | +2.5% |