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British consumer-goods maker of personal care, home care and food brands sold in over 190 countries.
British consumer-goods maker of personal care, home care and food brands sold in over 190 countries.
Sells everyday brands in bulk to supermarkets and, in emerging markets, to small traders and wholesalers, so volume and price both matter. It has been slimming down: it unified its dual UK-Dutch structure in 2020 and demerged ice cream, as the Magnum Ice Cream Company, in 2025.
In one line: UK's Procter & Gamble.
Moat: wide (brand, distribution, scale). Portfolio of category-leading global and local brands backed by scale distribution in emerging markets.
Headquarters: London, UK · Founded: 1929 · Employees: 96,092
Size Unilever (ULVR.L) is a United Kingdom Consumer Staples company (Household/Personal Care) with a market value of $143B, the 5th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £4,930 on 6 Nov 2026.
Performance Over six months the shares gained 15.3%, against +17.6% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 5th highest of 9 in its peer set.
Growth Revenue fell 20.4% over the last twelve months (peer median +3.5%); the operating margin is 20.3% (peer median 20.7%).
Valuation It trades at 18.4× forward earnings against a peer median of 27.6× (3rd cheapest of 9).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is -1%, 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 6.2 points above its cost of capital (9.1% WACC).
Credit Unilever has 23 bonds outstanding ($17.1B), rated A+ by the agencies and trading like AAA at a weighted spread of 55 bp.
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £40.0B | £43.2B | £44.4B | £51.8B | £51.3B |
| Revenue growth | — | -3% | -14% | +1% | — |
| Gross profit | n/a | £20.3B | £20.7B | £21.9B | £20.6B |
| EBITDA | £9.07B | £9.76B | £9.68B | £10.0B | £9.73B |
| Net income | £4.87B | £5.22B | £4.86B | £5.64B | £6.52B |
| Free cash flow | £6.27B | £5.57B | £6.64B | £6.55B | £4.74B |
| Capital expenditure | £1.28B | £1.36B | £1.37B | £1.52B | £1.46B |
| Total debt | n/a | £24.1B | £25.3B | £24.8B | £25.2B |
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 |
|---|---|---|---|---|---|---|
| Unilever ULVR.L | $143B | +15% | -20% | 20% | 18.4× | 8.0% |
| Procter & Gamble PG | $383B | +13% | +4% | 24% | 23.4× | -0.3% |
| Nestle NESN.SW | $266B | +11% | -2% | 16% | 19.0× | 1.3% |
| Reckitt Benckiser RKT.L | $47.6B | +22% | -2% | 28% | 16.4× | 1.6% |
| Colgate-Palmolive CL | $76.8B | +10% | +6% | 22% | 24.2× | -5.5% |
| L'Oreal OR.PA | $268B | +25% | +3% | 21% | 32.8× | 18.1% |
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 | ULVR.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.6% | +10.6% | lowest of 9 |
| 6-month return | +15.3% | +17.6% | 5th highest of 9 |
| Distance from 52-week high | -10.8% | -5.9% | 3rd lowest of 9 |
| Revenue growth (TTM) | -20.4% | +3.5% | lowest of 9 |
| Operating margin | 20.3% | 20.7% | 4th lowest of 9 |
| Forward P/E | 18.4× | 27.6× | 3rd cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | 8.0% | 7.3% | 5th least demanding of 9 |
| Growth delivered (Del g) | -0.8% | +3.1% | 3rd lowest of 9 |
| Hurdle (Req g minus delivered) | +8.8 pp | +7.1 pp | 3rd most demanding of 9 |
| ROIC minus cost of capital | +6.2 pp | +11.9 pp | 3rd lowest of 9 |
| EV / EBITDA | 14.4× | 19.8× | 2nd cheapest of 9 |
| Net debt / EBITDA | 2.5× | 1.5× | 2nd most indebted of 9 |
| Bond spread | 55 bp | 58 bp | 3rd tightest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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% |
| L'Oreal OR.PA | France | $268B | +25% | +3% | 21% | 32.8× | 18.1% | +9.5% |
| Kimberly-Clark KMB | United States | $66.5B | +12% | -12% | 14% | 15.3× | 4.1% | -3.0% |
| Procter & Gamble PG | United States | $383B | +13% | +4% | 24% | 23.4× | -0.3% | +2.7% |
| 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% |
Unilever has 23 bonds outstanding with $17.1B face value. The agencies rate it A+; its bonds trade like AAA. Weighted yield 3.74%, a spread of 55 bp over government bonds.