Kimberly-Clark Corporation

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

In the fiscal year to Dec 2025, Baby and Child Care was 41% and Family Care was 25% of revenue; Professional fell from 14% in the fiscal year to Dec 2023.

Quarters: Kimberly-Clark Corporation's SEC filings, named by the month they end. Fiscal years: Kimberly-Clark Corporation's annual reports to the SEC.

How it makes money

Of every $100 in revenue, $12.3 ends up as net income. Net margin was roughly flat over the past 3 years.

Circled: Sep 2026 (net 43.4%, operating 12.5%). Net margin is usually about 2 points below operating margin; in that quarter net income includes the results of a business sold or spun off (discontinued operations), which operating income leaves out.

Each margin is that line of the income statement divided by revenue. Fiscal year: Kimberly-Clark Corporation's annual reports to the SEC; quarters: SEC filings.

Customers and suppliers

In its latest annual report Kimberly-Clark sells to Walmart; it names no suppliers.

 

KMBKimberly-Clark

Customers

Walmart WMT 16%

Kimberly-Clark's 10-K for the year to Dec 2025 gives one customer's share of its revenue: Walmart Inc. (16%).

From Kimberly-Clark Corporation's 10-Q and 10-K filings (XBRL): each customer whose share of revenue a filing tags, under the filing's own label, so “Customer A” in one filing can be another company in the next; a later filing's figures for a period replace an earlier one's.

Changes since the previous annual report (10-K filed Feb 13, 2025)

Walmart WMTCustomer, share of revenue14% → 16%

Only the companies Kimberly-Clark names in its 10-K filed Feb 12, 2026 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words.

Is it expensive?

P/E of 10.8x, below the peer median of 34.3x, with earnings still growing.

Priced 68% below the peer median of 34.3x.

At 10.8× trailing earnings KMB is at its lowest in five years; the five-year median is 22.5×.

Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.

What analysts expect

The average analyst price target is $119, 11% above the current price; 44% of 16 analysts rate it a buy; earnings beat estimates in all of the last 4 quarters.

Buy or Strong Buy: 7 analysts (44%). Sell or Strong Sell: 1.

Over the past year the average of the analysts' latest price targets went from $123.70 to $113.25 (−8%), while KMB went from $104.45 to $107.19 (+3%). In the past three months targets were raised 6 times and cut 5 times. 1 upgrade and no downgrades over the year; the latest: Argus Research moved it to Buy from Hold on Nov 13, 2025.

The day after each of these reports the stock moved −1.6% (Dec 2025, beat); −2.2% (Mar 2026, beat); +4.5% (Jun 2026, beat); −0.3% (Sep 2026, beat).

For the quarter ending Dec 2026 (Kimberly-Clark reports on Feb 2, 2027), analysts expect adjusted earnings of $1.53 a share, 18% less than the $1.86 of a year earlier, and revenue of $6.7B, up 65% on a year earlier. For the fiscal year ending Dec 2026, they expect revenue of $19.3B, up 18% on the year before.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Generated $1.9B in free cash flow over the year, of which $1.7B went back to shareholders (dividends plus buybacks), leaving $260M in the company.

Kimberly-Clark had 334M diluted shares in the quarter ended Sep 2026, 0.2% more than a year earlier, and 0.4% fewer each year on average since Jun 2020. It spent $1.0M on buybacks over the last four quarters. Over the last four quarters its earnings per share rose 67.7% and its net income rose 67.7%: more shares took about 0 points off.

Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.

Financial health

Current ratio 0.7, short-term debt coverage is tight; shareholder equity is only 9% of assets, so debt-to-equity (4.8) says little; net debt is 1.9 years of operating cash flow, which is manageable.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 2 members of Congress and 6 funds whose copy leaves KMB out (not traded on the exchange): Mirae Asset Global Investments, Bridgewater Associates, Norges Bank, Dan Meuser, Swiss National Bank, Canada Pension Plan Investment Board and 2 more.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 10 held KMB at the end of their latest quarter (for most, Q2 2026). Over that quarter 8 added shares, 2 cut and 1 sold all. The largest of them is Norges Bank, 5.77M shares worth $634M at Jun 30, 2026, 11.8% more than at Dec 31, 2025.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of KMB at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.

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