KV
KVUE
Year ended Dec 28, 2025 · FY2025 10-K

Kenvue (KVUE) 10-K Summary — Year Ended Dec 28, 2025

Kenvue Inc. filed its annual report, describing its consumer health business and financial results for the most recent fiscal year. The filing covers operations, risk factors, and liquidity considerations as an independent company separated from Johnson & Johnson.

Key takeaway

Year ended Dec 28, 2025 · FY2025 10-K

Kenvue Inc. filed its annual report, describing its consumer health business and financial results for the most recent fiscal year. The filing covers operations, risk factors, and liquidity considerations as an independent company separated from Johnson & Johnson.

Financial snapshot

Selected annual figures reported with the filing, shown separately from the narrative summary.

Annual revenue

$15.1B

Revenue reported for the fiscal year.

Operating income

$2.4B

Income from operations reported for the year.

Net income

$1.5B

Net income reported for the year.

Operating cash flow

$2.2B

Cash generated by operating activities.

Annual revenue trend

Reported annual revenue and its change from the preceding fiscal year.

Period endedRevenueYear-over-year change
Oct 1, 2023$3.9B-2.4%
Dec 31, 2023$15.4B+294.5%
Dec 29, 2024$15.5B+0.1%
Dec 28, 2025$15.1B-2.1%

Business overview

Kenvue is a consumer health company offering a portfolio of brands in areas such as brand marketing, product development, and supply chain management. It operates under government regulations and relies on intellectual property and innovation. The company was formed from the Consumer Health segment of Johnson & Johnson and became an independent public entity in early 2023.

Financial performance

Revenue for the period showed a slight decline compared to the prior year. Operating income and net income were reported, along with operating cash flow. The historical financial data before the separation from Johnson & Johnson may not fully reflect the company’s standalone results.

Material risks

The company faces risks related to its reliance on top-tier banking partners for credit and cash management; a disruption could affect liquidity. Historical financial information before the separation from Johnson & Johnson may not be indicative of future performance as a standalone entity. The transfer of assets and liabilities from Johnson & Johnson was completed in early 2023, but the company remains exposed to ongoing operational and financial uncertainties.

Liquidity and capital

The filing discusses liquidity and capital resources in the context of credit facilities and banking partnerships. Disruption to these partners could impede access to credit or affect cash flows.

What to watch

Monitor whether the company’s revenue trend continues to decline or stabilizes in the next filing.