CHDNYSESoap, Detergents, Cleang Preparations, Perfumes, CosmeticsUS GAAP · USD

Church & Dwight Company, Inc

Church & Dwight is a U.S.-based consumer products company founded in 1846 that sells household, personal care, and specialty products under a portfolio of well-known brands. Its core business is built around brands such as ARM & HAMMER, OXICLEAN, BATISTE, WATERPIK, THERABREATH, HERO, and TOUCHLAND, which span laundry, cleaning, oral care, hair care, and personal care. The company also operates a Specialty Products Division that serves industrial, agricultural, livestock, and chemical customers with sodium bicarbonate and related products. Its business model combines branded consumer distribution across mass retail and e-commerce with more specialized B2B channels in North America and international markets.

Revenue6,203m USD
+1.6 %y/y
Operating profit (EBIT)1,078m USD
+33.5 %y/y
EBIT margin17.4%
+4.2 ppy/y
Net income737m USD
+25.9 %y/y
Free cash flow1,093m USD
+11.9 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

02,0004,0006,0008,000m USD2020: 4,896 m USD2020: EBIT 1,030 m USD20202021: 5,190 m USD2021: EBIT 1,079 m USD20212022: 5,376 m USD2022: EBIT 598 m USD20222023: 5,868 m USD2023: EBIT 1,057 m USD20232024: 6,107 m USD2024: EBIT 807 m USD20242025: 6,203 m USD2025: EBIT 1,078 m USD20256,2031,078
RevenueOperating profit (EBIT)

Business

Share of revenue
Consumer Domestic70 %

U.S. branded household and personal care products sold through mass retail, club, drug, dollar, pet, and e-commerce channels.

Consumer International20 %

Branded consumer products sold outside the U.S. through subsidiaries, local retail relationships, and export distributors.

Specialty Products Division (SPD)10 %

Sodium bicarbonate and related chemicals sold to industrial, agricultural, livestock, and food-production customers.

Customers

The company sells primarily to retail channels that then serve end consumers, including supermarkets, mass merchandisers, wholesale clubs, drugstores, convenience stores, home stores, dollar stores, pet specialty retailers, and online platforms. These customers buy branded products because Church & Dwight offers established household names with repeat purchase behavior and shelf-space relevance in large consumer categories. In the U.S., the company also relies on independent brokers and a regional sales force to manage trade relationships and maintain distribution. In SPD, the buyers are industrial customers, livestock producers, and distributors that use sodium bicarbonate and related chemicals in production or processing applications. Pricing pressure from large retailers and private-label competition is a recurring feature of the customer base and directly affects trade terms and margins.

U.S. retail consumers via trade customers

Retailers buy branded household and personal care products such as laundry, cleaning, oral care, hair care, and acne treatments because they are repeat-purchase items with strong brand recognition.

International retail and export channels

Foreign subsidiaries and export distributors buy consumer brands for local retail placement and market expansion outside the U.S.

Industrial and agricultural buyers

These customers buy sodium bicarbonate and related chemicals for manufacturing, processing, and agricultural uses where product consistency and supply reliability matter.

Livestock and food-production customers

They purchase specialty products used in animal nutrition and food safety applications, although some non-core lines have been exited.

Private-label-sensitive retail channels

These customers influence assortment and pricing decisions because they can shift shelf space toward lower-priced alternatives when consumer demand weakens.

Strategy

Management's strategy is to defend and expand the company's core branded portfolio by maintaining marketing and trade spending, launching differentiated products, and managing costs. A key priority is to grow the power brands, especially ARM & HAMMER and THERABREATH, while using acquisitions to expand international scale and add adjacent brands. The company also emphasizes a premium-and-value portfolio so it can compete across economic conditions and consumer spending cycles. Capital allocation remains important, with cash used for acquisitions, capital expenditures, dividends, and share repurchases to support long-term shareholder value.

Expand power brandsMedium term

The company believes a small set of large brands can drive disproportionate growth and profit expansion across categories and geographies.

Pursue strategic acquisitionsMedium term

Acquisitions can add brands, categories, and international reach faster than organic expansion alone.

Support organic growth with capacity and systemsShort term

Manufacturing investments and ERP upgrades are needed to support brand growth, supply reliability, and operating efficiency.

Protect margins through trade and cost managementShort term

Retailer pricing pressure and commodity volatility require disciplined pricing, mix, and cost control.

Geography

Church & Dwight is headquartered in the United States and generates most of its business through its Consumer Domestic segment, which is supported by a regional U.S. sales force and broad national retail distribution. Its Consumer International segment operates through subsidiaries and export markets, with local sales and marketing teams managing retailer relationships in multiple countries. The company specifically cited growth in markets including Canada, Germany, the UK, France, Australia, Mexico, and broader GMG markets for brands such as HERO and THERABREATH. SPD is concentrated primarily in the U.S. and Canada, where sodium bicarbonate and related chemicals are sold to industrial and agricultural customers. Geography matters because the company is exposed to foreign exchange, local retail dynamics, and the need to adapt products and trade spending across different consumer markets.

Risks

The company faces intense competition across consumer health, personal care, and household categories, including from large multinationals, niche brands, and private-label products. Its dependence on large retail customers creates pricing and trade-term pressure, and retailer consolidation can reduce orders or shelf space if brands do not rank highly in their categories. International operations add foreign exchange and execution risk, while acquisitions can fail to deliver expected synergies or be difficult to integrate. The business also faces cybersecurity, product liability, recall, and impairment risk, especially where brand performance weakens or consumer preferences shift quickly.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Retailer pricing pressure and trade-term concessions1Private-label and niche-brand competition2Goodwill and intangible asset impairment3Cybersecurity and IT disruption4Acquisition and integration risk5Product liability and regulatory actions6
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Retailer pricing pressure and trade-term concessionsImpact: HighLikelihood: High

    Large and consolidated customers can demand lower prices, special packaging, or logistics changes, which reduces margins if the company accepts them.

    Exposure: Consumer Domestic and Consumer International

  2. Private-label and niche-brand competitionImpact: HighLikelihood: High

    Consumers and retailers can shift toward lower-priced alternatives, especially in personal care and value-sensitive categories.

    ExposurePersonal careOral careDiagnostic categories
  3. Goodwill and intangible asset impairmentImpact: HighLikelihood: High

    Weak category performance or lower cash flow expectations can trigger non-cash write-downs, as seen in the VMS business.

    Exposure: Brands and acquired intangibles

  4. Cybersecurity and IT disruptionImpact: MediumLikelihood: Medium

    Ransomware, phishing, AI-enabled attacks, or service-provider failures could interrupt operations or expose sensitive data.

    ExposureEnterprise systemsSupply chainCustomer data
  5. Acquisition and integration riskImpact: MediumLikelihood: Medium

    The company relies on acquisitions for growth, but integration failures can create costs and prevent expected benefits.

    Exposure: Future M&A and international expansion

  6. Product liability and regulatory actionsImpact: MediumLikelihood: Medium

    Consumer products can face claims, recalls, or compliance issues that create legal expense and reputational damage.

    ExposurePersonal careHealthHousehold products

Accounting

Judgemental items
Revenue recognition and promotional reserves

Net sales depend on estimates for rebates, promotions, and returns, which can materially affect reported revenue in consumer channels.

Impact: Affects reported net sales and gross margin

Goodwill and intangible asset impairment

Brand and acquisition values must be tested when cash flows weaken; the VMS impairment shows how quickly non-cash charges can arise.

Impact: Can materially reduce operating income and equity

Seasonality and retailer inventory swings

Consumer demand and retailer stocking patterns can shift quarterly results, making period comparisons less linear.

Impact: Affects quarterly revenue and working capital

Foreign currency translation

International sales and costs are exposed to exchange-rate movements that can change reported growth and margins.

Impact: Affects reported sales and operating income

Income taxes and uncertain tax positions

Deferred tax assets and tax contingencies rely on estimates and can change with audit outcomes or law changes.

Impact: Affects tax expense and cash taxes

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Church & Dwight Company, Inc (CHD) Revenue, Earnings & Financials 2025 – Clarifo