CHURCH & DWIGHT CO INC DE（CHD）の決算・業績分析
CHURCH & DWIGHT CO INC DEの2025年有価証券報告書をAI分析。売上高$6.2B(+1.6%)。営業利益$1.1B。Materials。
目次
CHURCH & DWIGHT CO INC DEの2025年度 業績サマリー
CHURCH & DWIGHT CO INC DE（証券コード: CHD）の2025年度決算・業績分析。売上高は$6.2B（前年比+1.6%）。営業利益は$1.1B（前年比+33.5%）。純利益は$737M（前年比+25.9%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
CHURCH & DWIGHT CO INC DEの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue increased 3.6% YoY to $5.4B (XBRL), but Operating Income fell 44.6% YoY to $598M (XBRL) and Net Income declined 50.0% YoY to $414M (XBRL).
- Net Debt rose to $1.9B (2.3x EBITDA) (XBRL), reflecting a 44.6% YoY drop in Operating Income and 50.0% YoY decline in Net Income.
- Free Cash Flow (FCF) remained strong at $706M (XBRL), driven by $885M Operating Cash Flow (XBRL) and $179M CapEx (XBRL).
CHURCH & DWIGHT CO INC DEの売上高変化の要因
- •FY2024 revenue reached $5.4B (XBRL), reflecting a 3.6% YoY increase and a 5-year CAGR of 7.2% (XBRL). However, Operating Income fell 44.6% YoY to $598M (XBRL), and Net Income declined 50.0% YoY to $414M (XBRL). The historical time series shows Operating Income dropped from $1.1B in FY2023 to $598M in FY2024 (XBRL), while revenue grew steadily from $4.1B in FY2020 to $5.9B in FY2025 (XBRL). Segment-specific revenue data is not disclosed in the XBRL or 10-K (N/A).
CHURCH & DWIGHT CO INC DEの営業利益変化の要因
- •Gross Margin remained stable at 41.9% (XBRL), but Operating Margin fell to 11.1% (XBRL) and Net Margin to 7.7% (XBRL), reflecting a 44.6% YoY drop in Operating Income and 50.0% YoY decline in Net Income (XBRL). EBITDA of $817M (15.2% of revenue) (XBRL) highlights operational efficiency despite declining profitability. The 5-year CAGR for Operating Income is 6.0% (XBRL), but FY2024 marks a sharp reversal.
CHURCH & DWIGHT CO INC DEの事業リスクと対応
Intense competition from large companies with greater financial resources, leading to pricing pressures and challenges in maintaining market share (10-K).
Shifting retail environments and consumer preferences, including increased e-commerce and private-label competition, risking sales declines (10-K).
Pricing pressures from private-label products and supply chain challenges impacting specific categories like dietary supplements (10-K).
Inflation and cost increases forcing price hikes, which may reduce demand for products (10-K).
Technology disruption from competitors using AI and machine learning, along with digital-native brands expanding into consumer products (10-K).
Significant YoY declines in Net Income ($414M, -50.0%) and Operating Income ($598M, -44.6%) (XBRL).
Net Debt of $1.9B (2.3x EBITDA) (XBRL) raises leverage concerns.
CHURCH & DWIGHT CO INC DEの事業内容
Church & Dwight Co Inc (CHD) develops, manufactures, and markets consumer household and personal care products, specialty chemicals, and cleaners under brands like ARM & HAMMER® and OXICLEAN® (10-K). Key segments include Consumer Domestic (household and personal care), Consumer International, and Specialty Products Division (SPD) (10-K), with products ranging from laundry detergents and cat litter to industrial chemicals (10-K). The company sells to supermarkets, mass merchandisers, wholesale clubs, drugstores, and industrial clients (10-K), with no significant customer concentration (N/A). Competitive advantages include strong brand recognition and a diversified product portfolio (10-K).
CHURCH & DWIGHT CO INC DEのAI業績分析レポート（2024年度）
Church & Dwight Co Inc (CHD) FY2024 Annual Report Analysis
Highlights
Business Overview
Church & Dwight Co Inc develops, manufactures, and markets consumer household and personal care products, specialty chemicals, and cleaners under brands like ARM & HAMMER® and OXICLEAN® (10-K). Key segments include Consumer Domestic (household and personal care), Consumer International, and Specialty Products Division (SPD) (10-K), with products ranging from laundry detergents and cat litter to industrial chemicals (10-K). The company sells to supermarkets, mass merchandisers, wholesale clubs, drugstores, and industrial clients (10-K), with no significant customer concentration (N/A). Competitive advantages include strong brand recognition and a diversified product portfolio (10-K).
Revenue Analysis
FY2024 revenue reached $5.4B (XBRL), reflecting a 3.6% YoY increase and a 5-year CAGR of 7.2% (XBRL). However, Operating Income fell 44.6% YoY to $598M (XBRL), and Net Income declined 50.0% YoY to $414M (XBRL). The historical time series shows Operating Income dropped from $1.1B in FY2023 to $598M in FY2024 (XBRL), while revenue grew steadily from $4.1B in FY2020 to $5.9B in FY2025 (XBRL). Segment-specific revenue data is not disclosed in the XBRL or 10-K (N/A).
Profitability Analysis
Gross Margin remained stable at 41.9% (XBRL), but Operating Margin fell to 11.1% (XBRL) and Net Margin to 7.7% (XBRL), reflecting a 44.6% YoY drop in Operating Income and 50.0% YoY decline in Net Income (XBRL). EBITDA of $817M (15.2% of revenue) (XBRL) highlights operational efficiency despite declining profitability. The 5-year CAGR for Operating Income is 6.0% (XBRL), but FY2024 marks a sharp reversal.
Balance Sheet Analysis
Equity Ratio is 37.7% (XBRL), with Total Equity rising to $3.2B in FY2024 (XBRL) and $3.5B in FY2025 (XBRL). Long-Term Debt is $2.2B (XBRL), resulting in a Net Debt of $1.9B (2.3x EBITDA) (XBRL). Current Ratio is 1.08x (XBRL), and Cash is $344M (XBRL). Total Assets increased to $8.6B in FY2024 (XBRL) and $8.9B in FY2025 (XBRL).
Cash Flow Analysis
Operating Cash Flow was $885M (XBRL), with Free Cash Flow (FCF) of $706M (XBRL) after $179M in CapEx (XBRL). Investing Cash Flow was -$729M (XBRL), and Financing Cash Flow was -$121M (XBRL), driven by $255M in Dividends Paid (XBRL) and no Share Repurchases (XBRL). Payout Ratio is 61.6% (XBRL).
Working Capital Analysis
Cash Conversion Cycle (CCC) is 34 days (XBRL), with Receivables Days at 36 days (XBRL), Inventory Days at 72 days (XBRL), and Payables Days at 74 days (XBRL). Asset Turnover is 0.63x (XBRL).
Risks
Outlook
N/A
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 4.1B | 4.4B | 4.9B | 5.2B | 5.4B | 5.9B |
| Operating Income | 792M | 840M | 1.0B | 1.1B | 598M | 1.1B |
| Net Income | 569M | 616M | 786M | 828M | 414M | 756M |
| Total Assets | 6.1B | 6.7B | 7.4B | 8.0B | 8.6B | 8.9B |
| Total Equity | 2.2B | 2.5B | 2.7B | 3.0B | 3.2B | 3.5B |
| Operating Cash Flow | 764M | 864M | 990M | 994M | 885M | 1.0B |
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