Colgate-Palmolive Company
CL Consumer Defensive Household & Personal Products
Colgate-Palmolive Company’s revenue for fiscal 2025 (year ended December 2025) was $20.4 billion, up 1.40% from fiscal 2024. In the quarter to June 2026, revenue grew 4.91%, EPS fell 5.43%, free cash flow grew 11.7% and total debt fell 10.3%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for five, operating cash flow growth for three.
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Colgate-Palmolive Company (CL) Altman Z-score
Colgate-Palmolive Company's Altman Z-score for fiscal 2025 is 6.51, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 6.51 | (0.75) |
| FY2024 | 7.26 | 0.51 |
| FY2023 | 6.75 | 0.08 |
| FY2022 | 6.67 | (0.59) |
| FY2021 | 7.26 | 0.37 |
| FY2020 | 6.89 | 0.50 |
| FY2019 | 6.38 | (1.03) |
| FY2018 | 7.41 | (0.37) |
| FY2017 | 7.78 | 0.15 |
| FY2016 | 7.63 | 0.20 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.07) | — | −0.08 | |
| Retained earnings / total assets | 1.63 | — | 2.28 | |
| EBIT / total assets | 0.20 | — | 0.67 | |
| Market value of equity / total liabilities | 4.00 | — | 2.40 | |
| Sales / total assets | 1.25 | — | 1.25 | |
| Altman Z-score | Safe zone | 6.51 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.23 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CL Colgate-Palmolive Company | 6.5× |
| PG Procter & Gamble Company (The) compare | 5.4× |
| CHD Church & Dwight Co., Inc. compare | 4.7× |
| KMB Kimberly-Clark Corporation compare | 3.4× |
| UL Unilever PLC compare | 3.2× |
| EL The Estee Lauder Companies Inc. compare | 2.9× |
| ELF e.l.f. Beauty compare | 2.6× |
| CLX The Clorox Company compare | 2.1× |
| KVUE Kenvue Inc. compare | 2.0× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on CL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement