KMB
Kimberly-Clark Corporation
KMB's fundamentals are mixed, but it looks cheap: trading at 11x earnings, about half its usual 21x. Analysts expect earnings to hold roughly steady, though they disagree widely on how much.
KMB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Healthy |
KMB's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
KMB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 11x | $107 | — |
| Forward | 15x | $107 | — |
| Cheap | 18x | $174 | +62% |
| Fair | 21x | $209 | +95% |
| Expensive | 25x | $243 | +127% |
Historical ranges are pointers, not guarantees.
KMB's PE is in its cheap range at 11x. On analysts' estimates for next year's earnings, today's price would be 15x.
KMB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect KMB's revenue to grow, but its profitability to weaken. However, they disagree widely on these estimates.
KMB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.08 | -29% |
| Q3 2026 | $9.91 | +68% |
| Q2 2026 | $5.88 | -19% |
| Q1 2026 | $6.37 | -13% |
| Q4 2025 | $6.07 | -20% |
| Q3 2025 | $5.91 | -23% |
| Q2 2025 | $7.26 | +7.4% |
| Q1 2025 | $7.34 | +35% |
| Q4 2024 | $7.55 | +45% |
KMB earned $9.91 per share over the past year, up 68% from the year before.
KMB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.1B | -0.4% |
| Q2 2026 | $4.2B | +0.6% |
| Q1 2026 | $4.2B | -14% |
| Q4 2025 | $4.1B | -17% |
| Q3 2025 | $4.2B | -16% |
| Q2 2025 | $4.2B | -17% |
| Q1 2025 | $4.8B | -6% |
| Q4 2024 | $4.9B | -0.8% |
KMB's revenue has slid since its 2023 peak: $4.1B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | -2.5 points |
| Q2 2026 | 15% | +0.9 points |
| Q1 2026 | 18% | +2.2 points |
| Q4 2025 | 12% | +1.3 points |
| Q3 2025 | 15% | -8.3 points |
| Q2 2025 | 14% | +1.2 points |
| Q1 2025 | 16% | -0.7 points |
| Q4 2024 | 11% | -2.4 points |
KMB's operating margin was 12% last quarter, down 2.5 points from the same quarter a year ago.
KMB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $492M | +34% |
| Q2 2026 | $556M | -3% |
| Q1 2026 | $321M | +161% |
| Q4 2025 | $575M | -5.4% |
| Q3 2025 | $368M | -54% |
| Q2 2025 | $573M | -34% |
| Q1 2025 | $123M | -50% |
| Q4 2024 | $608M | -39% |
KMB still generates free cash flow, though less than at its 2020 peak: $1.9B over the past year.
KMB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +400K shares |
| 1 year | +0.2% | +600K shares |
| 3 years | -1.5% | -5.2M shares |
| 5 years | -1.1% | -3.8M shares |
| Available history | -3.4% | -11.9M shares |
KMB has 334M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $1M |
| Q3 2025 | $20M |
| Q2 2025 | $59M |
| Q1 2025 | $61M |
| Q4 2024 | $248M |
KMB has spent almost nothing on buybacks in the past year.
KMB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.5x | Healthy |
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 2.0x | Moderate |
| Q4 2025 | 2.0x | Healthy |
| Q3 2025 | 2.0x | Healthy |
| Q2 2025 | 1.7x | Healthy |
| Q1 2025 | 1.7x | Healthy |
| Q4 2024 | 1.6x | Healthy |
KMB's net debt is about 1.5 years of its operating earnings (EBITDA), down from 2.0 years a year ago.
KMB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.3 | Neutral |
| Stochastic | 70.5 | Neutral |
KMB's weekly RSI is 53 (neutral) and its Stochastic is 70 (neutral).
KMB PE vs Consumer Defensive Sector
| Metric | KMB | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 19x | 44% below |
| PE % | 0 | 18 | 18 pts below |
KMB is trading at 11x earnings, a 44% discount to the Consumer Defensive sector's median of 19x.
KMB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $103.7 | 3.4% above |
| 20 week MA | $106.2 | 0.9% above |
| 50 week MA | $103.2 | 3.9% above |
| 100 week MA | $116.4 | 7.9% below |
| 200 week MA | $124.1 | 14% below |
KMB has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 14% below its 200-week average.
KMB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $138.1 | $133.9 | -3% |
| 2021 | $133.9 | $138.9 | +3.7% |
| 2022 | $138.9 | $137.2 | -1.3% |
| 2023 | $137.2 | $121.5 | -11% |
| 2024 | $121.5 | $131.8 | +8.5% |
| 2025 | $131.8 | $101.0 | -23% |
| 2026 YTD | $101.0 | $107.2 | +6.1% |
KMB has finished lower in four of the last six years. It's up 6.1% so far in 2026.