Central Garden & Pet vs Procter & Gamble: Revenue, Profit and Business Model
Central Garden & Pet had $3.1B of annual revenue in FY2025. Procter & Gamble had $87B of annual revenue in FY2026 and $16B of net income.
Latest financial snapshot
Central Garden & Pet
- Latest annual revenue
- $3.1B (FY2025)
- Net income
- Unavailable here
- Net margin
- —
- Revenue growth
- +6.1% a year, FY2016–FY2025
Procter & Gamble
- Latest annual revenue
- $87B (FY2026)
- Net income
- $16B
- Net margin
- 18.4%
- Revenue growth
- +3.3% a year, FY2017–FY2026
Financial summary
Central Garden & Pet
Central's sales have drifted lower while profits improved. Net sales were $3.339 billion in fiscal 2022, $3.310 billion in 2023, $3.200 billion in 2024 and $3.129 billion in fiscal 2025 (year ended September 27, 2025). Fiscal 2025 was still a record earnings year: GAAP EPS rose to $2.55 from $1.62 and non-GAAP EPS was $2.73, and the company ended the year with a record cash position. In fiscal 2026, first-quarter sales fell 6% to $617 million on spring shipment timing. Third-quarter sales (ended June 27, 2026) fell 8% to $882 million after the pet distribution exit, but organic sales rose 2% to $862 million, gross margin widened 130 basis points to 35.9%, and adjusted EPS was $1.54. Management raised fiscal 2026 non-GAAP EPS guidance to $2.85 or better. Central does not pay a dividend and returns cash through buybacks.
Procter & Gamble
P&G's finances are defined by steady sales, high margins and large cash returns rather than fast growth. Net sales rose from $65.1 billion in fiscal 2017 to $87.0 billion in fiscal 2026. In fiscal 2026 diluted EPS was $6.62 (up 2%) and core EPS was $6.89 (up 1%), with core gross and operating margins slipping 40 and 70 basis points as costs rose. The company returned more than $15 billion to shareholders, about $10.2 billion in dividends and $5 billion in buybacks, and has raised its dividend for 70 consecutive years. For fiscal 2027 it guided to 1%-3% organic sales growth and core EPS of $6.89-$7.11. Procter & Gamble (P&G) is a dominant global consumer goods corporation, maintaining a formidable market valuation frequently exceeding $350 billion.
Revenue and profit by year
Central Garden & Pet
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $3.1B | — | — | -2.2% | Source |
| FY2024 | $3.2B | — | — | -3.3% | Source |
| FY2023 | $3.3B | — | — | -0.9% | Source |
| FY2022 | $3.3B | — | — | +1.1% | Source |
| FY2021 | $3.3B | $151.7M | 4.6% | +22.6% | Source |
| FY2020 | $2.7B | $120.7M | 4.5% | +13.1% | Source |
| FY2019 | $2.4B | $92.8M | 3.9% | +7.6% | Source |
| FY2018 | $2.2B | $123.6M | 5.6% | +7.8% | Source |
| FY2017 | $2.1B | $78.8M | 3.8% | +12.3% | Source |
| FY2016 | $1.8B | $44.5M | 2.4% | — | Source |
Procter & Gamble
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $87B | $16B | 18.4% | +3.3% | Source |
| FY2025 | $84.3B | $16B | 19.0% | +0.3% | Source |
| FY2024 | $84B | $14.9B | 17.7% | +2.5% | Source |
| FY2023 | $82B | $14.7B | 17.9% | +2.3% | Source |
| FY2022 | $80.2B | $14.7B | 18.4% | +5.3% | Source |
| FY2021 | $76.1B | $14.3B | 18.8% | +7.3% | Source |
| FY2020 | $71B | $13B | 18.4% | +4.8% | Source |
| FY2019 | $67.7B | $3.9B | 5.8% | +1.3% | Source |
| FY2018 | $66.8B | $9.8B | 14.6% | +2.7% | Source |
| FY2017 | $65.1B | $15.3B | 23.6% | — | Source |
Where the revenue comes from
Central Garden & Pet
- Pet Products
Major segment
Pet supplies, pet consumables, aquatics, small-animal products, wild-bird products, and related branded or private-label goods.
- Garden Products
Major segment
Grass seed, wild bird feed, fertilizers, controls, garden supplies, and seasonal lawn-and-garden products.
- Retail and E-Commerce Channels
Distribution engine
Sales through mass merchants, specialty retailers, independent stores, distributors, and online channels.
Procter & Gamble
- Fabric and Home Care
Largest segment
Laundry, dish care, air care, and household cleaning brands including Tide, Ariel, Dawn, Febreze, and Swiffer.
- Baby, Feminine and Family Care
Major segment
Pampers, Always, Bounty, Charmin, and related baby, feminine, and family-care products.
- Beauty
Major segment
Hair care, skin care, and prestige beauty brands including Head & Shoulders, Pantene, Olay, and SK-II.
- Health Care
Major segment
Oral care and personal health products such as Oral-B, Crest, Vicks, and Metamucil.
- Grooming
Focused segment
Gillette, Venus, Braun, and shaving-related products.
Business model and strategy
Central Garden & Pet
How it makes money
Central makes money by manufacturing and marketing its own pet and garden brands and selling them to retailers. The Pet segment covers dog and cat treats and chews, toys, small-animal and pet bird food, aquatics, equine and livestock health products (Farnam, Champion's JustiFLY) and pet beds. The Garden segment covers grass seed, wild bird feed, fertilizers, insect and weed controls, packet seeds and live plants.
Growth strategy
Central's Central to Home strategy rests on three levers: build and grow its consumer brands, take cost out through productivity and footprint consolidation, and add brands through acquisitions. Recent deals show the pattern: TDBBS (premium natural dog chews, 2023), the U.S.
Competitive advantage
Central's advantage is breadth plus retail access. It owns many niche brands that hold strong positions in their categories, and it can serve the biggest home improvement, mass, pet specialty and farm retailers across both pet and garden aisles.
Procter & Gamble
How it makes money
P&G makes money by designing, manufacturing and marketing branded household and personal-care products that consumers buy every week, then selling them through retailers, club stores, pharmacies, distributors and e-commerce platforms. Revenue comes from five reportable segments: Fabric & Home Care (Tide, Ariel, Dawn, Downy, Febreze), the largest; Baby, Feminine & Family Care (Pampers, Always, Bounty, Charmin);
Growth strategy
P&G's integrated growth strategy has five parts: a portfolio focused on about ten daily-use categories, superiority across product, packaging, communication, retail execution and value, productivity savings to fund reinvestment, 'constructive disruption' of its own practices, and an agile, accountable organization.
Competitive advantage
P&G's edge is the combination of category leadership and scale. It concentrates on about ten daily-use categories where performance differences are visible to consumers (cleaning, absorbency, shaving, oral care), funds roughly $2 billion a year of R&D to keep those gaps, and uses its size to buy materials, media and logistics more cheaply than smaller rivals.
Questions about Central Garden & Pet vs Procter & Gamble
Which company has higher revenue — Central Garden & Pet Company or The Procter & Gamble Company?
Central Garden & Pet Company had $3.1B (FY2025), while The Procter & Gamble Company had $87.0B (FY2026). By latest annual revenue, The Procter & Gamble Company is the larger business, with Central Garden & Pet Company showing a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
What is the market cap of Central Garden & Pet Company vs The Procter & Gamble Company?
Central Garden & Pet Company's market capitalisation stands at $2.4B, while The Procter & Gamble Company's is $340.0B. The Procter & Gamble Company carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to Central Garden & Pet Company.
How does revenue per employee compare for Central Garden & Pet Company and The Procter & Gamble Company?
Central Garden & Pet Company has $460k / employee in revenue per employee, while The Procter & Gamble Company has $798k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do Central Garden & Pet Company and The Procter & Gamble Company make money?
Central Garden & Pet Company and The Procter & Gamble Company generate revenue in fundamentally different ways. Central Garden & Pet Company: Central makes money by manufacturing and marketing its own pet and garden brands and selling them to retailers. The Procter & Gamble Company: P&G makes money by designing, manufacturing and marketing branded household and personal-care products that consumers buy every week, then selling them through retailers, club stores, pharmacies, distributors and e-commerce platforms.
Which company is valued higher relative to revenue — Central Garden & Pet Company or The Procter & Gamble Company?
On a price-to-sales (P/S) basis, Central Garden & Pet Company trades at 0.8x P/S and The Procter & Gamble Company at 3.9x P/S. The Procter & Gamble Company commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to Central Garden & Pet Company. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is Central Garden & Pet Company bigger than The Procter & Gamble Company?
By last reported revenue, The Procter & Gamble Company ($87.0B (FY2026)) is the larger company compared to Central Garden & Pet Company ($3.1B (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Central Garden & Pet vs Procter & Gamble overview