Unilever PLC (UL) Fundamental Analysis

Unilever PLC is assessed below across growth, profitability, cash generation and balance-sheet strength, sourced directly from its SEC filings. It is solidly profitable, with a latest net margin of 19%. Cash generation is healthy, funding the business from its own operations. On the latest filing several indicators are flashing caution.

Beat Index assesses Unilever PLC across sixteen analysis tabs, spanning revenue and income, margins, cash flow, returns, liquidity and leverage, working capital, intrinsic value, commitments, insider activity, risk, and its latest 20-F reads strongest on profit margins and cash generation while flagging revenue growth and balance-sheet strength for closer review. Every figure is taken as-reported from SEC EDGAR filings, with no vendor adjustments.

At a glance

  • PositiveProfitability: Net margin 19%
  • WatchNothing flagged to watch next quarter.
  • ConcernGrowth: Revenue down -4% YoY

Trend matrix, last 4 quarters

Dimension2025-12-312024-12-312023-12-312022-12-31
GrowthRevenue down -4% YoYRevenue +2% YoYRevenue down -14% YoYRevenue up 15% YoY
ProfitabilityNet margin 19%Net margin 11%Net margin 13%Net margin 13%
Cash GenerationFCF margin 14%FCF margin 15%FCF margin 15%FCF margin 10%
Balance SheetCurrent ratio 0.8x (tight liquidity)Current ratio 0.8x (tight liquidity)Current ratio 0.8x (tight liquidity)Current ratio 0.8x (tight liquidity)

Quarterly financials

Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue€50.50B€52.48B€51.68B€60.07B€52.44B
Cash & equivalents€3.94B€6.14B€4.16B€4.33B€3.42B
Net income€9.47B€5.74B€6.49B€7.64B€6.05B
Operating cash flow€8.35B€9.52B€9.43B€7.28B€7.97B
Free cash flow€6.93B€7.78B€7.92B€5.83B€6.86B

Figures in EUR, as reported to the SEC. Longer history is available in the full analysis.

Sourced directly from SEC EDGARAs of 2025-12-31 (Q4 FY2025) · Evaluated as of 2026-03-12See original filing on SEC

What's inside the full dashboard

Sixteen analysis tabs, all sourced from SEC filings, no estimates.

  • Cash Flow: Free cash flow generation and operating cash flow trends.
  • Intrinsic Value: Discounted cash flow (DCF) valuation and enterprise multiples.
  • Liquidity & Leverage: Balance-sheet strength: assets, liabilities, debt and liquidity ratios.
  • Margins: Gross, operating, and net profit margin analysis.
  • Returns: Return on equity, return on assets, and return on invested capital.
  • Revenue & Income: Revenue growth, composition, and year-over-year income trends.
  • Working Capital: Working-capital efficiency, cash conversion and asset-turnover metrics.
  • Risk: Debt levels, liquidity ratios, and financial risk indicators.
  • Insider: Insider stock transactions and executive activity.
  • Commitments: Operating leases, purchase commitments, and future obligations.

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Live valuation, management commentary, and peer comparison, all sourced directly from SEC filings. Free to access.