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World's largest cosmetics company, selling skincare, makeup, haircare and fragrance across mass, luxury and professional brands.
World's largest cosmetics company, selling skincare, makeup, haircare and fragrance across mass, luxury and professional brands.
Sells beauty products through a spread of channels, from supermarkets and pharmacies to department stores, travel retail, salons and its own e-commerce, so no single price tier carries the group. The founder's family, the Bettencourt Meyers, and Nestle are its two largest shareholders. Acquisitions such as Aesop in 2023 add brands.
In one line: A much larger Estee Lauder..
Moat: wide (brand, scale, distribution). Deep portfolio of trusted global beauty brands with unmatched marketing scale and retail distribution reach.
Headquarters: Clichy, France · Founded: 1909 · Employees: 94,610
Size L'Oreal (OR.PA) is a France Consumer Staples company (Household/Personal Care) with a market value of $268B, the largest of 206 France companies the cockpit tracks. Shares closed at €449.80 on 6 Nov 2026.
Performance Over six months the shares gained 25.3%, against +15.5% for the median peer and -0.4% for the France market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 3.5% over the last twelve months (peer median +3.6%); the operating margin is 20.6% (peer median 15.6%).
Valuation It trades at 32.8× forward earnings against a peer median of 24.5× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +9 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 5.6 points above its cost of capital (9.2% WACC).
Credit L'Oreal has 1 bond outstanding ($1.00B), rated AA by the agencies and trading like A+ at a weighted spread of 57 bp.
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €45.4B | €44.1B | €43.5B | €41.2B | €38.3B |
| Revenue growth | — | +1% | +6% | +8% | — |
| Gross profit | €33.8B | €32.8B | €32.3B | €30.4B | €27.4B |
| EBITDA | €11.1B | €10.6B | €10.3B | €9.49B | €8.52B |
| Net income | €6.31B | €6.13B | €6.41B | €6.18B | €5.71B |
| Free cash flow | €7.54B | €7.16B | €6.64B | €6.12B | €4.93B |
| Capital expenditure | €1.45B | €1.50B | €1.64B | €1.49B | €1.34B |
| Total debt | n/a | €11.9B | €8.49B | €8.69B | €5.65B |
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 |
|---|---|---|---|---|---|---|
| L'Oreal OR.PA | $268B | +25% | +3% | 21% | 32.8× | 18.1% |
| Estée Lauder Companies (The) EL | $39.9B | +28% | +6% | 13% | 31.1× | 16.8% |
| Unilever ULVR.L | $143B | +15% | -20% | 20% | 18.4× | 8.0% |
| Shiseido 4911.T | $9.52B | +20% | +5% | 4% | 32.8× | 17.5% |
| Beiersdorf BEI.DE | $20.4B | +21% | -2% | 12% | 22.6× | -2.3% |
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 | OR.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +20.2% | +10.4% | highest of 21 |
| 6-month return | +25.3% | +15.5% | 5th highest of 21 |
| Distance from 52-week high | -1.3% | -6.2% | 2nd highest of 21 |
| Revenue growth (TTM) | +3.5% | +3.6% | 10th lowest of 21 |
| Operating margin | 20.6% | 15.6% | 5th highest of 21 |
| Forward P/E | 32.8× | 24.5× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 18.1% | 5.5% | 6th most demanding of 21 |
| Growth delivered (Del g) | +9.5% | +3.7% | 3rd highest of 21 |
| Hurdle (Req g minus delivered) | +8.7 pp | +5.8 pp | 9th most demanding of 21 |
| ROIC minus cost of capital | +5.6 pp | +6.4 pp | 8th lowest of 21 |
| EV / EBITDA | 22.7× | 16.4× | 8th most expensive of 21 |
| Net debt / EBITDA | 1.1× | 1.4× | 9th least indebted of 21 |
| Bond spread | 57 bp | 67 bp | 4th tightest of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| L'Oreal OR.PA | France | $268B | +25% | +3% | 21% | 32.8× | 18.1% | +9.5% |
| Procter & Gamble PG | United States | $383B | +13% | +4% | 24% | 23.4× | -0.3% | +2.7% |
| Unilever ULVR.L | United Kingdom | $143B | +15% | -20% | 20% | 18.4× | 8.0% | -0.8% |
| Colgate-Palmolive CL | United States | $76.8B | +10% | +6% | 22% | 24.2× | -5.5% | +4.4% |
| Kimberly-Clark KMB | United States | $66.5B | +12% | -12% | 14% | 15.3× | 4.1% | -3.0% |
| Hindustan Unilever HINDUNILVR.NS | India | $49.6B | -12% | +6% | 21% | 41.5× | 27.2% | +6.5% |
| Reckitt Benckiser RKT.L | United Kingdom | $47.6B | +22% | -2% | 28% | 16.4× | 1.6% | +0.3% |
| Givaudan GIVN.SW | Switzerland | $45.8B | +47% | -2% | 18% | 34.0× | 10.6% | +3.4% |
| Estée Lauder Companies (The) EL | United States | $39.9B | +28% | +6% | 13% | 31.1× | 16.8% | -1.5% |
| DSM-Firmenich DSFIR.AS | Netherlands | $29.5B | +62% | -45% | 8% | 30.1× | 24.3% | +2.5% |
| Church & Dwight CHD | United States | $25.8B | +17% | +2% | 18% | 27.4× | 6.9% | +4.8% |
| Kao 4452.T | Japan | $21.8B | +33% | +6% | 10% | 24.4× | 1.5% | +4.1% |
| Beiersdorf BEI.DE | Germany | $20.4B | +21% | -2% | 12% | 22.6× | -2.3% | +7.0% |
| Essity ESSITY-A.ST | Sweden | $19.9B | +17% | -2% | 12% | 15.4× | -3.3% | +2.6% |
| Puig Brands PUIG.MC | Spain | $12.5B | +16% | +4% | 16% | 17.9× | -3.0% | +11.7% |
| Marico MARICO.NS | India | $12.3B | +8% | +20% | 16% | 51.8× | 28.0% | +11.1% |
| Unicharm 8113.T | Japan | $12.1B | +15% | 0% | 12% | 24.5× | -2.0% | +5.4% |
| Clorox CLX | United States | $12.1B | +8% | +6% | 14% | 17.4× | 2.7% | -1.8% |
| Shiseido 4911.T | Japan | $9.52B | +20% | +5% | 4% | 32.8× | 17.5% | +1.0% |
| Godrej Consumer Products GODREJCP.NS | India | $9.19B | -18% | +12% | 18% | 37.0× | 31.7% | +6.6% |
| Dabur India DABUR.NS | India | $7.13B | -19% | +9% | 15% | 32.1× | 27.3% | +6.6% |
L'Oreal has 1 bond outstanding with $1.00B face value. The agencies rate it AA; its bonds trade like A+. Weighted yield 5.37%, a spread of 57 bp over government bonds.