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olivLaw · US equity research

Unilever PLC UL

Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics · SIC 2840 · Vertical: Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics (SIC 2840)

66.92USD+3.26% · 1 dayClose 04 Nov 2026

Unilever is one of the largest global consumer goods groups in personal care, beauty, wellbeing, home care and foods, with brands such as Dove and Vaseline. After demerging its Ice Cream business in December 2025, the group is focusing its portfolio on faster-growing categories, and fiscal 2025 turnover was 50.5 billion EUR with underlying sales growth of 3.5%.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Unilever PLC (UL) stock was 66.92 USD (+3.26% on the day), with beta 0.02, 52-week range 55.05–74.59 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
unavailable
shares as of 31 Dec 2025
P/E (TTM)
unavailable
Diluted EPS TTM 4.32 · TTM to 31 Dec 2025
E/P (TTM)
unavailable
TTM to 31 Dec 2025
Dividend yield
unavailable
Beta (2y)
0.02
Volatility (1y) 25%
52-week range
55.0574.59

Price history

Loading chart…

Technical reading

RSI (14)
60.2
strong (55–70)
Bollinger (20, 2)
61.81 – 67.65
in the upper half of the band · %B 0.88 · band width 9.0%
SMA 50 / 200
63.42 / 62.59
uptrend (price > SMA50 > SMA200)
MACD (12, 26, 9)
0.84 / 0.75
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+11.6%−1.1%+12.7 pp—
3 months+3.9%−0.5%+4.3 pp—
6 months+12.1%+4.4%+7.7 pp—
Year to date+2.3%+12.3%−10.0 pp—
1 year−2.3%+13.5%−15.8 pp+13.7%
3 years+24.7%+76.4%−51.7 pp+9.0%
5 years+12.4%+63.7%−51.3 pp—
Max drawdown (1y)
−26.2%
13 Feb 2026 → 04 Jun 2026
Max drawdown (5y)
−26.2%
13 Feb 2026 → 04 Jun 2026
Compound annual growth (5y)
+2.4%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

the price (USD) and the reports are in different currencies

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year20182019202020212022202320242025
Revenue51.0 bn52.0 bn50.7 bn52.4 bn60.1 bn51.7 bn52.5 bn50.5 bn
Revenue YoY−5.1%+2.0%−2.4%+3.4%+14.5%−14.0%+1.5%−3.8%
Net income9.4 bn5.6 bn5.6 bn6.0 bn7.6 bn6.5 bn5.7 bn9.5 bn
Net income YoY+55.6%−40.0%−0.8%+8.4%+26.3%−15.1%−11.5%+64.9%
Diluted EPS3.482.142.122.322.992.892.584.32
Diluted EPS YoY+62.6%−38.5%−0.9%+9.4%+28.9%−3.3%−10.7%+67.4%
net %18.4%10.8%11.0%11.5%12.7%12.6%10.9%18.7%
Free cash flow6.0 bn6.8 bn8.2 bn6.9 bn5.8 bn8.2 bn8.1 bn6.9 bn

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
3.9 bn EUR
Financial debt
unavailable EUR
Net debt
unavailable EUR
Equity
17.6 bn EUR
Total assets
70.5 bn EUR
Debt / equity
unavailable
Current ratio
0.79x
ROE
47.2%
ROA
12.6%
FCF margin
13.7%

Financial statements (source on every figure)

Revenue and net income (EUR)

Margins

Income statement · EUR

Revenue
2023
51.7 bn
2024
52.5 bn
2025
50.5 bn

SEC (XBRL)· 12 Mar 2026verified

Cost of revenue
2023
29.2 bn
2024
28.0 bn
2025
26.8 bn

SEC (XBRL)· 12 Mar 2026verified

Gross profit
2023
22.5 bn
2024
24.5 bn
2025
23.7 bn

SEC (XBRL)· 12 Mar 2026verified

Research & development
2023
853.0 m
2024
892.0 m
2025
836.0 m

SEC (XBRL)· 12 Mar 2026verified

Operating income
2023
9.0 bn
2024
8.8 bn
2025
9.0 bn

SEC (XBRL)· 12 Mar 2026verified

Depreciation & amortisation
2023
1.1 bn
2024
1.2 bn
2025
1.3 bn

SEC (XBRL)· 12 Mar 2026verified

EBITDA
2023
10.1 bn ≈
2024
10.1 bn ≈
2025
10.3 bn ≈

SEC (XBRL)· 12 Mar 2026derived

Interest expense
2023
922.0 m
2024
994.0 m
2025
1.0 bn

SEC (XBRL)· 12 Mar 2026verified

Pre-tax income
2023
8.6 bn
2024
8.4 bn
2025
8.7 bn

SEC (XBRL)· 12 Mar 2026verified

Income tax
2023
2.0 bn
2024
2.3 bn
2025
2.5 bn

SEC (XBRL)· 12 Mar 2026verified

Net income
2023
6.5 bn
2024
5.7 bn
2025
9.5 bn

SEC (XBRL)· 12 Mar 2026verified

Diluted EPS
2023
2.89
2024
2.58
2025
4.32

SEC (XBRL)· 12 Mar 2026verified

Weighted average diluted shares
2023
2.3 bn
2024
2.2 bn
2025
2.2 bn

SEC (XBRL)· 12 Mar 2026verified

Balance sheet · EUR

Cash
2023
4.2 bn
2024
6.1 bn
2025
3.9 bn

SEC (XBRL)· 12 Mar 2026verified

Receivables
2023
5.8 bn
2024
6.0 bn
2025
7.3 bn

SEC (XBRL)· 12 Mar 2026verified

Inventories
2023
5.1 bn
2024
5.2 bn
2025
4.0 bn

SEC (XBRL)· 12 Mar 2026verified

Current assets
2023
17.9 bn
2024
19.2 bn
2025
17.1 bn

SEC (XBRL)· 12 Mar 2026verified

Property, plant & equipment, net
2023
9.4 bn
2024
10.3 bn
2025
7.8 bn

SEC (XBRL)· 12 Mar 2026verified

Goodwill
2023
21.1 bn
2024
22.3 bn
2025
17.7 bn

SEC (XBRL)· 12 Mar 2026verified

Intangibles (excl. goodwill)
2023
18.4 bn
2024
18.6 bn
2025
17.1 bn

SEC (XBRL)· 12 Mar 2026verified

Total assets
2023
75.3 bn
2024
79.8 bn
2025
70.5 bn

SEC (XBRL)· 12 Mar 2026verified

Accounts payable
2023
16.9 bn
2024
16.7 bn
2025
16.9 bn

SEC (XBRL)· 12 Mar 2026verified

Current liabilities
2023
23.5 bn
2024
25.2 bn
2025
21.7 bn

SEC (XBRL)· 12 Mar 2026verified

Total liabilities
2023
54.5 bn
2024
57.2 bn
2025
52.9 bn

SEC (XBRL)· 12 Mar 2026verified

Equity
2023
20.8 bn
2024
22.6 bn
2025
17.6 bn

SEC (XBRL)· 12 Mar 2026verified

Shares outstanding at year end
2023
2.5 bn
2024
2.5 bn
2025
2.2 bn

SEC (XBRL)· 12 Mar 2026verified

Cash flow · EUR

Operating cash flow
2023
9.4 bn
2024
9.5 bn
2025
8.4 bn

SEC (XBRL)· 12 Mar 2026verified

Capex
2023
1.2 bn
2024
1.4 bn
2025
1.4 bn

SEC (XBRL)· 12 Mar 2026verified

Free cash flow
2023
8.2 bn ≈
2024
8.1 bn ≈
2025
6.9 bn ≈

SEC (XBRL)· 12 Mar 2026derived

Investing cash flow
2023
-2.3 bn
2024
-625.0 m
2025
-3.1 bn

SEC (XBRL)· 12 Mar 2026verified

Financing cash flow
2023
-7.2 bn
2024
-6.9 bn
2025
-6.8 bn

SEC (XBRL)· 12 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
-3.8%
computed by olivLawFY 2025
Revenue CAGR 3Y
-5.6%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
-0.1%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
2.4%
computed by olivLawFY 2025
Net income growth (YoY)
64.9%
computed by olivLawFY 2025
Net income CAGR 3Y
7.4%
computed by olivLawFY 2022 → FY 2025
Net income CAGR 5Y
11.2%
computed by olivLawFY 2020 → FY 2025
EPS growth (YoY)
67.4%
computed by olivLawFY 2025
EPS CAGR 3Y
13.1%
computed by olivLawFY 2022 → FY 2025
EPS CAGR 5Y
15.3%
computed by olivLawFY 2020 → FY 2025
FCF growth (YoY)
-14.8%
computed by olivLawFY 2025

Profitability

Gross margin
46.9%
computed by olivLawFY 2025
EBITDA margin
20.5%
computed by olivLawFY 2025
EBIT margin
17.9%
computed by olivLawFY 2025
Net margin
18.7%
computed by olivLawFY 2025
FCF margin
13.7%
computed by olivLawFY 2025

Returns

ROE
53.3%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROA
12.6%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROIC
unavailable
input data missing
ROCE
18.5%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
8.8x
computed by olivLawFY 2025

Liquidity

Current ratio
0.8x
computed by olivLawbalance sheet at 31 Dec 2025
Quick ratio
0.6x
computed by olivLawbalance sheet at 31 Dec 2025
Cash ratio
0.2x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
8.4 bn EUR
computed by olivLawFY 2025
Capital expenditure
1.4 bn EUR
computed by olivLawFY 2025
Free cash flow
6.9 bn EUR
computed by olivLawFY 2025
FCF conversion
73.2%
computed by olivLawFY 2025
Cash conversion
80.7%
computed by olivLawFY 2025

Efficiency

Days sales outstanding
48 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days inventory outstanding
63 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days payables outstanding
229 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Cash conversion cycle
-118 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025

Market and valuation

Market capitalisation
unavailable
input data missing
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
Earnings yield
unavailable
input data missing
P/B
unavailable
input data missing
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
input data missing
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • score weight coverage: 39.6% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

66.92 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: unavailable

Price and reporting are in different currencies; market indicators are unavailable.

Key indicators

Market capitalisation
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
P/B
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
ROE
53.3%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Net margin
18.7%
computed by olivLawFY 2025
Revenue growth (YoY)
-3.8%
computed by olivLawFY 2025
Dividend yield
unavailable
input data missing

Coverage and freshness

31/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: SEC (XBRL)published 12 Mar 2026
verified 341

Score by group

40% · Insufficient data

Estimated value range

Low
128.89
EUR per share
Mid
148.96
EUR per share
High
167.06
EUR per share
Price: unavailable
Potential to the central value: unavailable (value / price − 1)
Margin of safety: unavailable (1 − price / value)
Agreement between methods: single method · 1 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 128.89 – 167.06 EUR.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (EUR per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: P/E128.89 – 167.06 (Mid 148.96)
    3 companies used · median multiple 34.5x · quartiles 29.8x – 38.7x
    CHD, ECL, PG
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Multiple comparisons use the SIC vertical: Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics (SIC 2840)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
3.0%
Equity risk premium
5.5%
Beta (default)
1.00
Cost of equity
8.5%
Terminal growth
2.0%

Factor scorecard

Insufficient data

Minimum-evidence gate: score weight coverage: 39.6% of at least 60%

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality18.7%100 (vs peers)16%
FCF conversion · Quality73.2%62 (on a fixed band)16%
Revenue CAGR 3Y · Growth-5.6%0 (on a fixed band)21%
EPS CAGR 3Y · Growth13.1%87 (on a fixed band)21%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet8.8x100 (on a fixed band)16%
Current ratio · Balance sheet0.8x0 (on a fixed band)11%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet60/100 · 2/3 factors with a value
  • Growth44/100 · 2/2 factors with a value
  • Quality81/100 · 2/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partialunavailable · 0/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

UNILEVER PLC (UL). Latest full fiscal year: 2025; data up to 2025-12-31.

Figures computed from the financial statements: revenue 50.5 bn EUR in 2025; YoY growth -3.8%; net margin 18.7%; ROE 53.3%.

The estimated value range is 128.89–167.06 EUR per share (median of 1 methods, agreement: single method); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (score weight coverage: 39.6% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Net margin: 18.7%
  • EPS CAGR 3Y: 13.1%
  • Interest coverage: 8.8x

What contradicts it

  • Revenue CAGR 3Y: -5.6%
  • Current ratio: 0.8x

Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics (SIC 2840) · same industry (4-digit SIC) · compared with 6 companies

Multiples and returns vs the median

P/E
—
vertical median 38.7x
EV/EBITDA
—
vertical median 17.9x
P/S
—
vertical median 4.4x
P/B
—
vertical median 6.5x
ROE
53.3%
vertical median 9.1%
above median (+487.6%)
Net margin
18.7%
vertical median 6.1%
above median (+208.4%)
EBIT margin
17.9%
vertical median 8.8%
above median (+102.7%)
Revenue YoY
-3.8%
vertical median 4.6%
below median (−181.3%)
Net debt/EBITDA
—
vertical median 1.3x
Dividend yield
—
vertical median 1.7%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
PGPROCTER & GAMBLE Co387.8 bn25.229.4%18.2%+3.3%+13% / +9%
ECLEcolab Inc.88.4 bn42.920.7%12.0%+2.2%+14% / +64%
CHDChurch & Dwight Co., Inc.26.4 bn34.517.8%12.4%+1.6%+32% / +16%
SCLStepan Company1.6 bn374.70.4%0.2%+7.0%+56% / −14%
BYAHPark Ha Biological Technology Co., Ltd.56.5 m—-885.8%-965.0%+6.0%−98% / unavailable
WNWMeiwu Technology Company Limited30.8 m—-34.2%-262.5%+4,368.0%−98% / −100%
ULUnilever PLC——53.3%18.7%−3.8%−2% / +25%

1- and 3-year price returns: for UL from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Scenarios are not available. input data missing

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 12 Mar 2026; since then the company filed 6-K (03 Nov 2026), 6-K (02 Nov 2026), 6-K (30 Oct 2026), 6-K (28 Oct 2026), 6-K (26 Oct 2026).

In brief

Unilever is one of the largest global consumer goods groups in personal care, beauty, wellbeing, home care and foods, with brands such as Dove and Vaseline. After demerging its Ice Cream business in December 2025, the group is focusing its portfolio on faster-growing categories, and fiscal 2025 turnover was 50.5 billion EUR with underlying sales growth of 3.5%.

SWOT

Strengths

  • Strong gross margin expansion and rising underlying operating margin, results of the productivity programme and disciplined overhead control 1.
  • A reshaped leadership team and a solid balance sheet provide flexibility for brand investment and capital returns to shareholders.

Weaknesses

  • Total shareholder return trailed the peer group over the five years to end-2023, and the ambition to reach the top third has not yet been achieved consistently 1.
  • Performance in Latin America remained weak, requiring pricing and format corrections to return the business to a growth path.
  • Reported turnover is sensitive to currency movements, which reduced euro results in fiscal 2025 even though underlying performance was positive 1.

Opportunities

  • Growth in beauty and wellbeing, where the group has invested in science-led and premium brands, could accelerate volume growth.
  • Digital commerce and premium sales in the United States and India are identified as growth priorities for the coming years 1.
  • Bolt-on acquisitions of emerging brands could complement the portfolio without changing the group's risk profile, in line with its stated strategy 1.

Threats

  • Slower consumer markets and price pressure could limit volume growth, and guidance for 2026 points to results at the bottom of the range 1.
  • Volatility in emerging market currencies could again reduce reported euro turnover.
  • Competition in personal care and home care could erode market share if execution is not consistent 1.

Risks

  • Currency riskhigh

    Depreciation of emerging market currencies against the euro reduced reported turnover; if the trend continues, euro-reported results could keep lagging underlying performance 1.

  • Weakness in Latin Americamedium

    The region underperformed, and pricing and format corrections carry execution costs; if the recovery is delayed, the effect on results could persist 1.

  • Slower consumer marketsmedium

    Guidance indicates markets could remain subdued, which could limit volumes and underlying sales growth 1.

  • Execution of the transformation strategymedium

    The productivity programme and reorganisation are largely complete, but consistent performance across all brands and categories is still being built, which could delay targets 1.

  • Demerger-related costslow

    The Ice Cream demerger brought transformation costs and taxes, and the planned sell-down of the minority stake requires careful execution to protect financial flexibility 1.

Investment thesis

What would need to be true (bull case)

  • If execution in premium brands and in beauty and wellbeing holds, volume growth could accelerate and support the multi-year underlying sales growth ambition 1.
  • Gross margin expansion, driven by productivity and positive mix, could allow reinvestment in brands without sacrificing operating margin.
  • Strong cash generation and the shareholder distribution policy could support total shareholder return if operating performance continues to improve 1.

What would break the thesis

  • If consumer markets remain slow, volume growth could stay at the lower end of guidance, limiting the improvement in results 1.
  • Currency volatility could keep reducing reported turnover even when underlying performance is positive.
  • A history of total shareholder return below peers could make the top-third ambition hard to sustain consistently 1.

What to watch

  • Development of underlying volume growth against the at least 2% thresholdQ1 2027
  • Results in Latin America after pricing and format corrections2027
  • Sell-down of the minority stake in The Magnum Ice Cream Company and use of proceeds2027

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 12 Mar 2026; since then the company filed 6-K (03 Nov 2026), 6-K (02 Nov 2026), 6-K (30 Oct 2026), 6-K (28 Oct 2026), 6-K (26 Oct 2026).

The business

Unilever operates through four Business Groups: Beauty & Wellbeing, Personal Care, Home Care and Foods. According to its 2025 Form 20-F, the company aims to deliver absolute profit growth in line with a top-third total shareholder return, supported by volume growth, gross margin expansion and sustained brand investment. Under new chief executive Fernando Fernandez, it has prioritised three fundamental shifts: Desire at Scale for brands, a Play to Win culture and an organisation fit for the AI age 1.

Market context

Multi-year guidance points to underlying sales growth of 4% to 6% with at least 2% volume growth, and for 2026 the company expects growth at the bottom of that range given slower market conditions. If these conditions persist, volume pressure could limit near-term growth 1.

Trends

  • Premiumisation and science-led brandstailwind

    Consumers are increasingly moving toward premium products with scientific backing, and Unilever is extending this through brands such as Dove, Vaseline and Nutrafol; if premium innovation keeps pace, margins could benefit from a more favourable mix 1.

  • Digital commerce and social marketingtailwind

    Digital channels and social-first marketing are becoming central to reaching consumers, and the group invests in creator content and digital sales; the pace of adoption and related costs remain to be watched 1.

  • Currency volatility and input costsheadwind

    Depreciation of Latin American currencies, the Indian rupee, the US dollar and the Turkish lira against the euro reduced reported turnover, and raw material prices affect margins; if volatility continues, euro-reported results could remain under pressure 1.

  • Automation and artificial intelligencemixed

    The company uses AI in research, procurement and HR to cut costs and speed up innovation, but deployment requires investment and organisational change that may be difficult to execute 1.

Competitive position

The report does not explicitly list competitors, but it describes intense competition in personal care, home care and foods, where market share is won through in-store execution and pricing. The recovery of US market share was cited as a result of improved commercial execution 1.

The company stresses that relative total shareholder return against peers remains a priority, and in the five years to end-2023 returns significantly underperformed peers, so competitive pressure stays central to the strategy 1.

  • Procter & GamblePG

    General competitor in personal care and cleaning categories; not named explicitly in the analysed source, though competitive pressure in these categories is mentioned in the report.

  • Colgate-PalmoliveCL

    Competitor in personal care and oral care, where competition runs through innovation and in-store execution, according to the report's general description of the market.

  • KenvueKVUE

    Competitor in skin care and wellbeing products, categories where Unilever is extending its premium brands; the presence in the market is known and competition is mentioned generically in the report.

  • Reckitt Benckiser

    Competitor in home care and hygiene products, where the group's Home Care business contests market share; the company is not listed on a US exchange.

News & filings

In the press

Sources

  1. [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Unilever PLC · 12 Mar 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.