Church & Dwight reported QQ2 2025 results with revenue of $1.5063 billion, essentially flat versus the prior-year quarter (YoY -0.32%) and up modestly QoQ (+2.67%). Gross profit was $647.0 million for a gross margin of 42.95%, reflecting some margin pressure versus historical levels. Operating income stood at $261.7 million (operating margin 17.37%), and net income was $191.0 million (net margin 12.68%), with earnings per share of $0.78. While top-line momentum was tepid, the company continued to demonstrate robust cash generation, delivering net cash provided by operating activities of $230.8 million and free cash flow of $208.3 million during the quarter.
From a capital allocation perspective, CHD returned capital to shareholders through a $300 million share repurchase and $72.6 million in dividends, contributing to a net cash outflow from financing activities of $365.8 million and a total cash balance of $923.2 million at quarter-end. The company carries a balanced balance sheet with total debt of $2.41 billion and net debt of $1.49 billion, alongside substantial non-cash assets ( goodwill and intangible assets totaling over $5.25 billion). Liquidity remains solid with a current ratio of 1.85 and a healthy interest-coverage ratio of 11.1x.
Overall, the QQ2 results reflect a steady core business and strong cash generation, but persistent margin pressure and a flat revenue trajectory highlight the need for ongoing pricing discipline, product mix optimization, and international growth initiatives to drive a more durable earnings trajectory. The absence of formal forward guidance in the supplied data underscores the importance of monitoring input costs, currency effects, and competitive dynamics in the near term.