Edgewell Personal Care Company Revenue & Financials

Wet Shave segment profit jumped 28.8% to $203.9 million in FY2024 while Feminine Care profit fell 42.1% to $28.8 million. Both happened in the same year. The divergence tells the story of a company whose best business is outperforming and whose weakest business has been sold — the Essity transaction for $340 million closed in November 2025. Total revenue held essentially flat across the three most recent fiscal years: $2.17 billion in FY2022, $2.25 billion in FY2023, $2.25 billion in FY2024. Net income reached $98.6 million. That's a 4.4% net margin — thin, but real, and generated by a company the market is valuing at only $935 million in market capitalization against $2.25 billion in revenue. The path to margin expansion runs through wet shave pricing power and the elimination of the manufacturing inefficiencies exposed by the Wet Ones plant fire. The $12.2 million in fire-related costs and the $3.9 million class action settlement in FY2024 are one-time drags on a business that structurally earns more than its income statement currently reflects. The Billie acquisition cost $310 million. That brand now competes in the women's razor segment where Edgewell's own Schick Intuition brand already operates. The risk of internal cannibalization is real. The reward — if Billie captures the DTC razor consumer who would otherwise go to Dollar Shave Club — is a meaningful expansion of share in the one category where Edgewell has defensible scale.