ESTEE LAUDER COMPANIES INC
EL · Perfumes, Cosmetics & Other Toilet Preparations · 360.9M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $4M (gross $271M, SBC $267M)
Reference price $94.45 · est. market cap ~$34.1B — last insider sale, 2025-11-26 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C67Iconic wide-moat prestige beauty house, but in a genuine multi-year downturn with declining sales and an operating loss.
Strengths
- Best-in-class gross margin (74%, 100th pct) and strong FCF ($670M, 91st pct) backed by 20+ luxury/prestige brands and durable brand equity
- Family-controlled steward with global scale and pricing power (+2-6% price across categories)
Risks
- Revenue down 8% (11th pct) and operating margin negative (-5.5%) amid restructuring; Asia travel-retail and China weakness
- Concentrated department-store/travel-retail exposure and elevated retailer destocking pressuring near-term recovery
Notable findings
- Net lossNet loss (net margin -7.9%)
- Revenue declineRevenue -12.2% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
74.0%
Operating margin
-5.5%
Net margin
-7.9%
Return on assets
-5.7%
Revenue growth (QoQ)
-12.2%
Net-income growth
-377.0%
Current ratio
1.3×
Free cash flow
$670M
EBITDA
$44M
Stock comp / revenue
2.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-02-27 | Shrivastava Akhil | Tax withheld | 1.9K | $109.01 |
| 2026-02-27 | de la Faverie Stephane | Option exercise | 5.8K | — |
| 2026-02-27 | de la Faverie Stephane | Tax withheld | 2.3K | $109.01 |
| 2026-02-27 | Shrivastava Akhil | Option exercise | 5.3K | — |
| 2025-11-26 | LAUDER JANE | Option exercise | 18K | $89.47 |
| 2025-11-26 | LAUDER JANE | Sell | 18K | $94.38 |
| 2025-11-26 | La Lande Rashida | Sell | 1.6K | $94.45 |
| 2025-11-18 | Webster Meridith | Sell | 5.4K | $87.84 |
| 2025-11-11 | STERNLICHT BARRY S | Option exercise | 4.0K | $84.35 |
| 2025-11-11 | STERNLICHT BARRY S | Sell | 4.0K | $91.83 |
| 2025-11-06 | Leonard A. Lauder 2013 Revocable Trust | Sell | 2.8M | $89.70 |
| 2025-11-06 | Evelyn H. Lauder 2012 Marital Trust Two | Sell | 2.8M | $89.70 |
| 2025-11-06 | LAL 2015 ELF Trust | Sell | 5.7M | $89.70 |
| 2025-11-04 | Leonard A. Lauder 2013 Revocable Trust | Conversion | 2.5M | — |
| 2025-11-04 | Evelyn H. Lauder 2012 Marital Trust Two | Conversion | 2.8M | — |
| 2025-11-04 | LAL 2015 ELF Trust | Conversion | 5.7M | — |
| 2025-11-03 | de la Faverie Stephane | Option exercise | 9.1K | — |
| 2025-11-03 | Bowes Michael | Option exercise | 1.7K | — |
| 2025-11-03 | Bowes Michael | Tax withheld | 597 | $94.87 |
| 2025-11-03 | Shrivastava Akhil | Option exercise | 3.7K | — |
| 2025-11-03 | Shrivastava Akhil | Tax withheld | 1.3K | $94.87 |
| 2025-11-03 | de la Faverie Stephane | Tax withheld | 5.0K | $94.87 |
| 2025-11-03 | Webster Meridith | Option exercise | 3.5K | — |
| 2025-11-03 | Webster Meridith | Tax withheld | 1.3K | $94.87 |
| 2025-11-03 | Canevari Roberto | Option exercise | 6.9K | — |
| 2025-11-03 | Canevari Roberto | Tax withheld | 3.3K | $94.87 |
| 2025-11-03 | Hertzmark Hudis Jane | Option exercise | 11K | — |
| 2025-11-03 | Hertzmark Hudis Jane | Tax withheld | 6.1K | $94.87 |
| 2025-11-03 | La Lande Rashida | Option exercise | 3.6K | — |
| 2025-11-03 | La Lande Rashida | Tax withheld | 2.0K | $94.87 |
| 2025-11-03 | Lauder William P | Option exercise | 7.2K | — |
| 2025-11-03 | Lauder William P | Tax withheld | 4.0K | $94.87 |
| 2025-08-29 | FORESTER LYNN | Option exercise | 4.0K | $84.35 |
| 2025-08-29 | FORESTER LYNN | Sell | 3.7K | $91.65 |
| 2025-08-28 | La Lande Rashida | Sell | 6.4K | $91.88 |
| 2025-08-27 | La Lande Rashida | Option exercise | 14K | — |
| 2025-08-27 | La Lande Rashida | Tax withheld | 7.9K | $91.38 |
| 2025-08-25 | ZANNINO RICHARD F | Option exercise | 4.0K | $84.35 |
| 2025-08-22 | BARSHEFSKY CHARLENE | Option exercise | 4.0K | $84.35 |
| 2025-08-22 | BARSHEFSKY CHARLENE | Sell | 3.7K | $91.07 |
| 2025-08-21 | LAUDER JANE | Option exercise | 16K | $77.35 |
| 2025-08-21 | LAUDER JANE | Sell | 16K | $88.23 |
| 2025-02-07 | FRIBOURG PAUL J | Buy | 45K | $64.99 |
| 2025-02-07 | FRIBOURG PAUL J | Buy | 600 | $65.47 |
| 2025-02-06 | FRIBOURG PAUL J | Buy | 19K | $64.57 |
| 2025-02-06 | FRIBOURG PAUL J | Buy | 22K | $65.67 |
| 2025-02-06 | FRIBOURG PAUL J | Buy | 3.7K | $66.34 |
| 2025-02-05 | FRIBOURG PAUL J | Buy | 9.4K | $67.81 |
| 2025-02-05 | Shrivastava Akhil | Buy | 700 | $65.79 |
| 2025-02-05 | FRIBOURG PAUL J | Buy | 1.5K | $68.80 |
| 2025-02-05 | FRIBOURG PAUL J | Buy | 26K | $65.63 |
| 2025-02-05 | FRIBOURG PAUL J | Buy | 6.4K | $66.50 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K/A | 2026-06-03 | 2024-02-01 | 0001001250-26-000028 ↗ |
| 8-K/A | 2026-05-22 | 2026-03-23 | 0001001250-26-000022 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0001001250-26-000017 ↗ |
| 10-Q | 2026-05-01 | 2026-03-31 | 0001001250-26-000019 ↗ |
| 8-K/A | 2026-04-01 | 2024-02-01 | 0001001250-26-000013 ↗ |
| 8-K | 2026-03-24 | 2026-03-23 | 0001001250-26-000010 ↗ |
| 10-Q | 2026-02-05 | 2025-12-31 | 0001001250-26-000006 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001001250-26-000004 ↗ |
| 8-K/A | 2025-12-01 | 2024-02-01 | 0001001250-25-000115 ↗ |
| 8-K | 2025-11-18 | 2025-11-13 | 0001001250-25-000112 ↗ |
| 8-K | 2025-11-06 | 2025-11-04 | 0001104659-25-107826 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001001250-25-000109 ↗ |