ESTEE LAUDER COMPANIES INC（EL）の決算・業績分析
ESTEE LAUDER COMPANIES INCの2025年有価証券報告書をAI分析。売上高$14.3B(-8.2%)。営業利益-$785M。Materials。
目次
ESTEE LAUDER COMPANIES INCの2025年度 業績サマリー
ESTEE LAUDER COMPANIES INC（証券コード: EL）の2025年度決算・業績分析。売上高は$14.3B（前年比-8.2%）。営業利益は-$785M（前年比-180.9%）。純利益は-$1.1B（前年比-377.0%）。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。
ESTEE LAUDER COMPANIES INC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 grew 9.4% YoY to $17.7B (XBRL), driven by pricing and foreign currency effects.
- Operating income surged 21.1% YoY to $3.2B (XBRL), but net income fell 16.2% to $2.4B (XBRL) due to interest and tax expenses.
- ROE reached 43.1% (XBRL), reflecting strong equity returns despite declining net income CAGR (-1.8% over 5Y).
- Shareholder returns totaled $3.1B (XBRL), including $2.3B in share repurchases (XBRL).
ESTEE LAUDER COMPANIES INCの売上高変化の要因
- •Total revenue increased 9.4% YoY to $17.7B (XBRL), with Skin Care and Fragrance segments showing growth. Skin Care revenue rose to $7,908M (10-K), while Makeup and Hair Care declined. Growth drivers included pricing strategies, new product innovation, and foreign currency effects (10-K). Revenue CAGR over 5Y was 3.1% (XBRL), but operating income CAGR declined to -6.0% (XBRL) due to restructuring charges and segment-specific pressures (10-K).
ESTEE LAUDER COMPANIES INCの営業利益変化の要因
- •Gross margin remained stable at 75.7% (XBRL), with gross profit of $13.4B. Operating margin expanded to 17.9% (XBRL) despite a 21.1% YoY increase in operating income ($3.2B) (XBRL). Net margin fell to 13.6% (XBRL), driven by interest expenses ($2.4B) and tax provisions ($2.3B) (10-K). SG&A expenses rose to 61.6% of net sales (10-K), reflecting increased marketing and operational costs.
ESTEE LAUDER COMPANIES INCの事業リスクと対応
Intense competition in the beauty industry could harm results if ESTEE LAUDER fails to innovate or respond to rivals (10-K).
Inability to anticipate consumer trends may lead to poor financial performance (10-K).
Declining retail traffic in U.S. department stores and reliance on key retailers increase vulnerability to customer concentration risks (10-K).
Long-term strategy investments may cause short-term earnings dilution (10-K).
Reputation risks from social media and ethical AI use could harm brand value and customer retention (10-K).
Legal and ethical challenges around AI use, including compliance with evolving regulations, are highlighted as risks (10-K).
ESTEE LAUDER COMPANIES INCの今後の見通し・業績予想
ESTEE LAUDER COMPANIES INCの事業内容
Estee Lauder Companies Inc (EL) operates as a global leader in premium beauty products, generating revenue through the sale of skin care, makeup, fragrance, hair care, and ancillary products under iconic brands like Estée Lauder and Clinique (10-K). The company's competitive advantages include brand recognition, product innovation, and high-touch consumer experiences (10-K). Key segments include Skin Care ($7,908M), Makeup ($4,470M), Fragrance ($2,487M), Hair Care ($629M), and Other ($115M) (10-K).
ESTEE LAUDER COMPANIES INCのAI業績分析レポート（2024年度）
Estee Lauder Companies Inc (EL) FY2024 Annual Report Analysis
Highlights
Business Overview
Estee Lauder Companies Inc operates as a global leader in premium beauty products, generating revenue through the sale of skin care, makeup, fragrance, hair care, and ancillary products under iconic brands like Estée Lauder and Clinique (10-K). The company's competitive advantages include brand recognition, product innovation, and high-touch consumer experiences (10-K). Key segments include Skin Care ($7,908M), Makeup ($4,470M), Fragrance ($2,487M), Hair Care ($629M), and Other ($115M) (10-K).
Revenue Analysis
Total revenue increased 9.4% YoY to $17.7B (XBRL), with Skin Care and Fragrance segments showing growth. Skin Care revenue rose to $7,908M (10-K), while Makeup and Hair Care declined. Growth drivers included pricing strategies, new product innovation, and foreign currency effects (10-K). Revenue CAGR over 5Y was 3.1% (XBRL), but operating income CAGR declined to -6.0% (XBRL) due to restructuring charges and segment-specific pressures (10-K).
Profitability Analysis
Gross margin remained stable at 75.7% (XBRL), with gross profit of $13.4B. Operating margin expanded to 17.9% (XBRL) despite a 21.1% YoY increase in operating income ($3.2B) (XBRL). Net margin fell to 13.6% (XBRL), driven by interest expenses ($2.4B) and tax provisions ($2.3B) (10-K). SG&A expenses rose to 61.6% of net sales (10-K), reflecting increased marketing and operational costs.
Balance Sheet Analysis
Equity ratio was 26.7% (XBRL), with total equity declining from $6.1B in FY2023 to $5.6B in FY2024 (XBRL). Current ratio stood at 1.46x (XBRL), indicating moderate liquidity. ROE of 43.1% (XBRL) and ROA of 11.5% (XBRL) highlight strong equity returns but moderate asset efficiency. Total debt levels are not disclosed (N/A).
Cash Flow Analysis
Operating cash flow was $3.0B (XBRL), with free cash flow (FCF) of $2.0B (XBRL) after $1.0B in CapEx (XBRL). Investing activities included $945M in outflows (XBRL), while financing activities saw $3.0B in outflows, driven by $840M in dividends (XBRL) and $2.3B in share repurchases (XBRL).
Working Capital Analysis
Receivables days were 30 days (XBRL), and inventory days were 253 days (XBRL). Payables days data is not available (N/A).
Risks
Outlook
Management did not provide explicit forward-looking guidance (10-K). However, declining operating income CAGR (-6.0% over 5Y) and net income CAGR (-1.8% over 5Y) suggest challenges ahead. Restructuring charges and product innovation impacts are expected to influence future results (XBRL).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 13.7B | 14.9B | 14.3B | 16.2B | 17.7B | 15.9B |
| Operating Income | 2.1B | 2.3B | 606M | 2.6B | 3.2B | 1.5B |
| Net Income | 1.1B | 1.8B | 696M | 2.9B | 2.4B | 1.0B |
| Total Assets | 12.6B | 13.2B | 17.8B | 22.0B | 20.9B | 21.7B |
| Total Equity | 4.4B | 4.4B | 6.1B | 6.1B | 5.6B | 5.6B |
| Operating Cash Flow | 2.6B | 2.5B | 2.3B | 3.6B | 3.0B | 1.7B |
Materialsの企業一覧
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