Church & Dwight vs Procter & Gamble: Revenue, Profit and Business Model
Church & Dwight had $6.2B of annual revenue in FY2025. Procter & Gamble had $87B of annual revenue in FY2026 and $16B of net income.
Latest financial snapshot
Church & Dwight
- Latest annual revenue
- $6.2B (FY2025)
- Net income
- Unavailable here
- Net margin
- —
- Revenue growth
- +6.6% 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
Church & Dwight
Church & Dwight grows slowly but steadily. Net sales rose from $4.8958 billion in 2020 to $6.2032 billion in 2025. In 2025 net sales grew 1.6%, organic sales grew 0.7% (held back by the exited vitamin business), adjusted gross margin held at 45.2%, reported EPS was $3.02, adjusted EPS was $3.53 (+2.6%), and cash from operations was $1.215 billion. Momentum improved in 2026: Q2 2026 net sales rose 1.6% to $1,530.0 million, organic sales grew 5.8%, gross margin reached 45.4%, reported EPS was $0.85 and adjusted EPS $0.89. Management raised its 2026 outlook to net sales flat to up 1% and about $1.175 billion in operating cash flow. Church & Dwight Co., Inc. is a major American manufacturer of household products, sustaining a robust market valuation generally over $25 billion.
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
Church & Dwight
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $6.2B | — | — | +1.6% | Source |
| FY2024 | $6.1B | — | — | +4.1% | Source |
| FY2023 | $5.9B | — | — | +9.2% | Source |
| FY2022 | $5.4B | — | — | +3.6% | Source |
| FY2021 | $5.2B | — | — | +6.0% | Source |
| FY2020 | $4.9B | — | — | +12.3% | Source |
| FY2019 | $4.4B | $615.9M | 14.1% | +5.1% | Source |
| FY2018 | $4.1B | $568.6M | 13.7% | +9.8% | Source |
| FY2017 | $3.8B | $743.4M | 19.7% | +8.1% | Source |
| FY2016 | $3.5B | $459M | 13.1% | — | 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
Church & Dwight
- Consumer Domestic - Household Products~42%
Includes ARM & HAMMER laundry detergent, ARM & HAMMER cat litter, OxiClean stain fighters, Xtra laundry detergent, and ARM & HAMMER baking soda. This segment generated approximately $2.56 billion in FY2024 and benefits from the ARM & HAMMER brand's 86% U.S. household penetration.
- Consumer Domestic - Personal Care Products~35%
Includes Trojan condoms, Waterpik water flossers, TheraBreath mouthwash, Hero Mighty Patch, Batiste dry shampoo, Nair, First Response, Orajel, Zicam and Touchland. This group generated approximately $2.14 billion in FY2024; the vitamin, Flawless and Spinbrush lines it then included were sold or exited in 2025.
- Consumer International~17.5%
Sales of power brands in over 130 countries through subsidiaries in the UK, France, Germany, Canada, Mexico, Australia, and Brazil, plus distribution partnerships. FY2024 sales were $1,071.5 million, up 9.8% from 2023, driven by Batiste in Europe, Hero in Canada, and TheraBreath in Mexico.
- Specialty Products Division~5%
Includes sodium bicarbonate for industrial, pharmaceutical, and animal nutrition applications, plus specialty cleaners. FY2024 sales were $303.3 million, down 5.5% from 2023 due to the exit of the MEGALAC supplement business. Income from operations was $39.1 million, up from $23.5 million in 2023.
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
Church & Dwight
How it makes money
Church & Dwight makes money by selling branded household and personal care products through mass merchants, grocery, drug, club, dollar and e-commerce channels, plus sodium bicarbonate and animal-nutrition products through its Specialty Products division.
Growth strategy
Church & Dwight's growth plan combines organic growth in its power brands, international expansion, e-commerce (25.5% of consumer sales in Q2 2026) and bolt-on acquisitions. In 2025 it bought Touchland and exited vitamins, Flawless, Spinbrush and Waterpik showerheads, about $118 million of 2025 net sales from exited lines plus the divested vitamin brands.
Competitive advantage
Church & Dwight's advantage rests on two assets: the ARM & HAMMER name, which lets one trusted ingredient (baking soda) carry laundry detergent, cat litter, toothpaste and deodorizers, and a repeatable acquisition-integration machine that takes niche brands like Waterpik, TheraBreath and Hero into mass retail and international markets.
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 Church & Dwight vs Procter & Gamble
Which company has higher revenue — Church & Dwight Co., Inc. or The Procter & Gamble Company?
Church & Dwight Co., Inc. had $6.2B (FY2025), while The Procter & Gamble Company had $87.0B (FY2026). By latest annual revenue, The Procter & Gamble Company is the larger business, with Church & Dwight Co., Inc. 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 Church & Dwight Co., Inc. vs The Procter & Gamble Company?
Church & Dwight Co., Inc.'s market capitalisation stands at $22.6B, 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 Church & Dwight Co., Inc..
How does revenue per employee compare for Church & Dwight Co., Inc. and The Procter & Gamble Company?
Church & Dwight Co., Inc. has $1.15M / 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 Church & Dwight Co., Inc. and The Procter & Gamble Company make money?
Church & Dwight Co., Inc. and The Procter & Gamble Company generate revenue in fundamentally different ways. Church & Dwight Co., Inc.: Church & Dwight makes money by selling branded household and personal care products through mass merchants, grocery, drug, club, dollar and e-commerce channels, plus sodium bicarbonate and animal-nutrition products through its Specialty Products division. 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 — Church & Dwight Co., Inc. or The Procter & Gamble Company?
On a price-to-sales (P/S) basis, Church & Dwight Co., Inc. trades at 3.6x 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 Church & Dwight Co., Inc.. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is Church & Dwight Co., Inc. bigger than The Procter & Gamble Company?
By last reported revenue, The Procter & Gamble Company ($87.0B (FY2026)) is the larger company compared to Church & Dwight Co., Inc. ($6.2B (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 Church & Dwight vs Procter & Gamble overview