Net Profit Margin
since 2005
Calculation
Procter & Gamble Co., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings attributable to Procter & Gamble1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Jun 30, 2025 | 18.95% | = | 100 | × | 15,974) | ÷ | 84,284) |
| Jun 30, 2024 | 17.70% | = | 100 | × | 14,879) | ÷ | 84,039) |
| Jun 30, 2023 | 17.87% | = | 100 | × | 14,653) | ÷ | 82,006) |
| Jun 30, 2022 | 18.38% | = | 100 | × | 14,742) | ÷ | 80,187) |
| Jun 30, 2021 | 18.79% | = | 100 | × | 14,306) | ÷ | 76,118) |
| Jun 30, 2020 | 18.36% | = | 100 | × | 13,027) | ÷ | 70,950) |
| Jun 30, 2019 | 5.76% | = | 100 | × | 3,897) | ÷ | 67,684) |
| Jun 30, 2018 | 14.59% | = | 100 | × | 9,750) | ÷ | 66,832) |
| Jun 30, 2017 | 23.56% | = | 100 | × | 15,326) | ÷ | 65,058) |
| Jun 30, 2016 | 16.09% | = | 100 | × | 10,508) | ÷ | 65,299) |
| Jun 30, 2015 | 9.22% | = | 100 | × | 7,036) | ÷ | 76,279) |
| Jun 30, 2014 | 14.02% | = | 100 | × | 11,643) | ÷ | 83,062) |
| Jun 30, 2013 | 13.44% | = | 100 | × | 11,312) | ÷ | 84,167) |
| Jun 30, 2012 | 12.85% | = | 100 | × | 10,756) | ÷ | 83,680) |
| Jun 30, 2011 | 14.29% | = | 100 | × | 11,797) | ÷ | 82,559) |
| Jun 30, 2010 | 16.13% | = | 100 | × | 12,736) | ÷ | 78,938) |
| Jun 30, 2009 | 17.00% | = | 100 | × | 13,436) | ÷ | 79,029) |
| Jun 30, 2008 | 14.46% | = | 100 | × | 12,075) | ÷ | 83,503) |
| Jun 30, 2007 | 13.52% | = | 100 | × | 10,340) | ÷ | 76,476) |
| Jun 30, 2006 | 12.73% | = | 100 | × | 8,684) | ÷ | 68,222) |
| Jun 30, 2005 | 12.79% | = | 100 | × | 7,257) | ÷ | 56,741) |
Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$ in millions
- Net Earnings Attributable to Procter & Gamble
- Net earnings exhibit a fluctuating trend over the presented years. Starting at 7,257 million USD in 2005, earnings generally increased, reaching a peak of 15,326 million USD in 2017. Thereafter, net earnings declined sharply to 3,897 million USD in 2019, followed by a rapid recovery and stabilization around 14,000 to 16,000 million USD through to 2025. The data indicate periods of volatility, particularly around 2011 to 2014 and 2018 to 2020, suggesting external or operational challenges during these intervals.
- Net Sales
- Net sales demonstrate a relatively stable pattern with moderate growth over the years. Beginning at 56,741 million USD in 2005, sales increased steadily until 2008, reaching 83,503 million USD. Between 2009 and 2013, sales remained fairly consistent, fluctuating slightly below the 85,000 million USD mark. A significant dip occurred in 2014 and 2015, dropping to around 65,000 million USD, followed by a gradual recovery and sustained growth through 2025, ending near 84,284 million USD. This pattern reflects periods of contraction and recovery in sales volume or pricing.
- Net Profit Margin
- The net profit margin shows variability aligned with net earnings performance. From 12.79% in 2005, margin improved steadily, peaking at 23.56% in 2017, which coincides with the net earnings peak. Post-2017, margins declined, reaching a low of 5.76% in 2019, indicating reduced profitability during that period despite relatively stable sales. Margins then recovered, stabilizing around 18-19% through to 2025. This suggests effective cost management or improved operational efficiency following the 2019 downturn.
- Overall Insights
- The analysis reveals two key periods of financial stress: the early 2010s and late 2010s to early 2020s. In both instances, net earnings and profit margins declined more sharply than sales, implying margin compression possibly due to increased costs or pricing pressures. Recovery phases saw earnings and margins improve significantly, often outpacing sales growth, which reflects enhanced profitability. The general trend over the two decades is of resilience, with net sales maintaining a stable base and profitability exhibiting cyclical yet substantial improvement over time.
Comparison to Industry (Consumer Staples)
Procter & Gamble Co., net profit margin, long-term trends, comparison to industry (consumer staples)
| Procter & Gamble Co. | Consumer Staples | |
|---|---|---|
| Jun 30, 2025 | 18.95% | — |
| Jun 30, 2024 | 17.70% | 5.69% |
| Jun 30, 2023 | 17.87% | 5.47% |
| Jun 30, 2022 | 18.38% | 6.11% |
| Jun 30, 2021 | 18.79% | 6.21% |
| Jun 30, 2020 | 18.36% | 6.22% |
| Jun 30, 2019 | 5.76% | 4.62% |
| Jun 30, 2018 | 14.59% | 6.05% |
| Jun 30, 2017 | 23.56% | 5.52% |
| Jun 30, 2016 | 16.09% | 5.88% |
| Jun 30, 2015 | 9.22% | 5.62% |
| Jun 30, 2014 | 14.02% | 6.00% |
| Jun 30, 2013 | 13.44% | 6.75% |
| Jun 30, 2012 | 12.85% | 6.65% |
| Jun 30, 2011 | 14.29% | 6.99% |
| Jun 30, 2010 | 16.13% | 7.59% |
| Jun 30, 2009 | 17.00% | 6.93% |
| Jun 30, 2008 | 14.46% | 6.75% |
| Jun 30, 2007 | 13.52% | 6.11% |
| Jun 30, 2006 | 12.73% | 6.35% |
| Jun 30, 2005 | 12.79% | 6.29% |
Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).