Edgewell Personal Care Company
EPC Consumer Defensive Household & Personal Products
Edgewell Personal Care Company’s revenue for fiscal 2025 (year ended September 2025) was $2.2 billion, down 1.34% from fiscal 2024. In the quarter to June 2026, revenue grew 1.73%, EPS fell 51.6%, free cash flow grew 3.83% and total debt fell 9.30%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Edgewell Personal Care Company (EPC) Beneish M-score
Edgewell Personal Care Company's Beneish M-score for fiscal 2025 is −2.37; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −2.37 | 0.11 |
| FY2022 | −2.48 | 0.19 |
| FY2021 | −2.67 | 0.23 |
| FY2020 | −2.90 | 0.50 |
| FY2019 | −3.40 | (0.82) |
| FY2018 | −2.58 | 0.36 |
| FY2017 | −2.94 | (0.43) |
| FY2016 | −2.51 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.28 | — | 1.17 | |
| Gross margin index | 1.02 | — | 0.54 | |
| Asset quality index | 0.97 | — | 0.39 | |
| Sales growth index | 0.99 | — | 0.88 | |
| Depreciation index | 1.04 | — | 0.12 | |
| SG&A index | 1.03 | — | −0.18 | |
| Total accruals to total assets | (0.02) | — | −0.12 | |
| Leverage index | 1.05 | — | −0.34 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −2.37 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| HELE Helen of Troy Limited compare | −5.2× |
| HNST The Honest Company, Inc. compare | −3.3× |
| MAGN Magnera Corporation compare | −3.3× |
| COTY Coty compare | −3.0× |
| SPB Spectrum Brands Holdings Inc. compare | −2.7× |
| NWL Newell Brands Inc. compare | −2.6× |
| EPC Edgewell Personal Care Company | −2.4× |
| IPAR Interparfums, Inc. compare | −2.3× |
| ODD ODDITY Tech Ltd. compare | −2.1× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI