Church & Dwight Co., Inc.
Consumer Packaged Goods - Household & Personal ProductsFounded 1846- Updated July 2025
Reviewed by Swet Parvadiya
Last reviewed: July 2025
CorpDigest
Church & Dwight Co., Inc.
Financial Performance
Last reviewed: July 2025 · By Swet Parvadiya
Revenue
$6.11B
Market Cap
$22.9B
Net Income
$585M
Employees
5,750
The result is $6.11 billion in 2024 revenue and a 20.5% average annual total shareholder return over the past decade. The company employs 5,750 people and generates $1.06 million in revenue per employee — among the highest ratios in consumer goods. CEO Rick Dierker runs a company that took a $357.1 million non-cash impairment against its vitamin brands in Q3 2024 after private-label competition eroded market share. In FY2024, the U.S. Government refunded Church & Dwight $40.1 million related to a favorable tariff ruling on products imported from China. That single event — unrelated to operating performance — reduced cost of goods sold by $31.6 million and increased interest income by $4.8 million. Revenue for the year reached $6.107 billion, with net income of $585.3 million. The company's revenue has compounded steadily: $5.38 billion in 2022, $5.87 billion in 2023, $6.11 billion in 2024. The $357.1 million vitamin brand impairment in Q3 2024 was the most significant negative event in the company's recent history.
Revenue Trend Analysis
YoY Change
+4.1%
2-Year CAGR
+6.6%
Peak Year
2024
Trend
Consistent Growth
Church & Dwight Co., Inc. has reported revenue across 3 fiscal years, compounding at +6.6% annually over 2 years. The most recent year saw a 4.1% increase versus the prior year. Revenue peaked in 2024 at $6.1B. Out of 2 reported periods, 2 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $6.1B | $585M | +4.1% |
| FY2023 | $5.9B | — | +9.2% |
| FY2022 | $5.4B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Church & Dwight Co.'s $585.3 million 2024 net income on $6.11 billion revenue represents 9.6% net margin, strong consumer products performance with operating margins of 22-24% reflecting value brand efficiency and operational discipline. The profitability has been pressured during 2022-2024 inflation period as raw material, freight, and labor costs increased substantially while company managed pricing actions, though margins recovered through 2024 as inflation moderated and pricing benefits flowed through. Free cash flow generation supports continued dividend payments ($1.13 annual representing 1.3% yield, 28 consecutive years of dividend increases), share buybacks during favorable conditions, and selective acquisitions supporting continued growth. Long-term profitability depends on continued operational excellence, value brand positioning effectiveness, and selective M&A supporting category leadership across diverse portfolio.
Church & Dwight Co.'s dividend supported by 28 consecutive years of increases (Dividend Aristocrat positioning) reflects extraordinary financial discipline through multiple economic cycles, supporting income-focused investor confidence in continued payments. Dividend coverage of approximately 30% of earnings provides substantial cushion for cyclical pressures, with current dividend representing 1.3% yield (relatively modest reflecting Church & Dwight's growth-oriented stock characteristics). Continuous dividend increases through 2008-2009 financial crisis, 2020 COVID-19 disruption, and 2022-2024 inflation period demonstrates management commitment to dividend continuity even during operational challenges. Future dividend sustainability extremely strong given operational performance, low leverage, and conservative financial management supporting continued dividend growth. The dividend record supports premium valuation multiples reflecting income reliability.
Church & Dwight Co. has executed extraordinarily disciplined M&A approach generating substantial returns through cumulative $5+ billion in acquisitions building today's diversified consumer products portfolio. Strategic acquisitions emphasis includes branded consumer products with category leadership positions, value-oriented positioning aligning with company strategy, operational fit with existing capabilities, and disciplined pricing avoiding overpayment during competitive bidding situations. Recent significant acquisitions include Waterpik ($1 billion 2017 for water flosser leader), Hero brand acquisitions, and various smaller deals supporting portfolio expansion. The disciplined M&A approach has generated significantly above-market returns versus consumer products industry M&A averages, with acquired brands typically achieving substantial growth post-integration through Church & Dwight's operational platform. Future M&A activity likely continues selectively as opportunities emerge for category leadership additions at reasonable valuations.
Church & Dwight Co. allocates capital across dividend payments (28+ consecutive years of increases supporting income-focused investors), share buybacks during favorable conditions, selective acquisitions ($500 million to $1 billion typical transaction sizes), and operational reinvestment supporting brand development and operational efficiency. The capital framework reflects consumer products industry economics with strong cash generation supporting balanced returns and growth investment. Recent capital allocation has emphasised continued dividend growth, modest buybacks, and continued M&A activity supporting portfolio expansion. Debt management maintains conservative leverage levels (typically 2-3x net debt to EBITDA) supporting financial flexibility through cyclical pressures and M&A opportunities. Future capital allocation likely continues disciplined approach supporting both shareholder returns and strategic growth investments.
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CorpDigest. "Church & Dwight Co., Inc. Revenue & Financials." CorpDigest, https://corpdigest.com/company/church-and-dwight/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Church & Dwight Co., Inc. reported $6B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/church-and-dwight/financials" target="_blank" rel="noopener">CorpDigest — Church & Dwight Co., Inc. financials</a></div>