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Side-by-side financial comparison of Kenvue (KVUE) and Western Digital (WDC). Click either name above to swap in a different company.
Kenvue is the larger business by last-quarter revenue ($3.8B vs $3.0B, roughly 1.3× Western Digital). Western Digital runs the higher net margin — 61.1% vs 8.7%, a 52.3% gap on every dollar of revenue. On growth, Western Digital posted the faster year-over-year revenue change (31.5% vs 3.2%). Over the past eight quarters, Kenvue's revenue compounded faster (-1.5% CAGR vs -6.6%).
Kenvue Inc. is an American consumer health company. Formerly the Consumer Healthcare division of Johnson & Johnson, Kenvue owns well-known brands such as Aveeno, Band-Aid, Benadryl, Combantrin, Zyrtec, Johnson's, Listerine, Lactaid, Mylanta, Neutrogena, Trosyd, Calpol, Tylenol, and Visine. Kenvue is incorporated in Delaware and was originally headquartered in the Skillman section of Montgomery Township, New Jersey, before relocating to Summit, New Jersey.
Western Digital Corporation, doing business as WD, is an American data storage company headquartered in San Jose, California. Established in 1970, the company is one of the world's largest manufacturers of hard disk drives (HDDs).
KVUE vs WDC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $3.0B |
| Net Profit | $330.0M | $1.8B |
| Gross Margin | 56.5% | 45.7% |
| Operating Margin | 14.2% | 30.1% |
| Net Margin | 8.7% | 61.1% |
| Revenue YoY | 3.2% | 31.5% |
| Net Profit YoY | 12.6% | 254.2% |
| EPS (diluted) | $0.16 | $4.73 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $3.0B | ||
| Q4 25 | $3.8B | $2.8B | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $3.8B | $-1.2B | ||
| Q1 25 | $3.7B | $2.3B | ||
| Q4 24 | $3.7B | $4.3B | ||
| Q3 24 | $3.9B | $4.1B | ||
| Q2 24 | $4.0B | $3.8B |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $330.0M | $1.2B | ||
| Q3 25 | $398.0M | — | ||
| Q2 25 | $420.0M | $282.0M | ||
| Q1 25 | $322.0M | $520.0M | ||
| Q4 24 | $293.0M | $594.0M | ||
| Q3 24 | $383.0M | $493.0M | ||
| Q2 24 | $58.0M | $39.0M |
| Q1 26 | — | 45.7% | ||
| Q4 25 | 56.5% | 43.5% | ||
| Q3 25 | 59.1% | — | ||
| Q2 25 | 58.9% | — | ||
| Q1 25 | 58.0% | 39.8% | ||
| Q4 24 | 56.5% | 35.4% | ||
| Q3 24 | 58.5% | 37.9% | ||
| Q2 24 | 59.1% | 35.9% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 14.2% | 28.1% | ||
| Q3 25 | 16.7% | — | ||
| Q2 25 | 18.0% | — | ||
| Q1 25 | 14.9% | 33.1% | ||
| Q4 24 | 13.2% | 19.9% | ||
| Q3 24 | 16.8% | 18.1% | ||
| Q2 24 | 3.9% | 5.7% |
| Q1 26 | — | 61.1% | ||
| Q4 25 | 8.7% | 41.9% | ||
| Q3 25 | 10.6% | — | ||
| Q2 25 | 10.9% | -24.4% | ||
| Q1 25 | 8.6% | 22.7% | ||
| Q4 24 | 8.0% | 13.9% | ||
| Q3 24 | 9.8% | 12.0% | ||
| Q2 24 | 1.5% | 1.0% |
| Q1 26 | — | $4.73 | ||
| Q4 25 | $0.16 | $3.07 | ||
| Q3 25 | $0.21 | — | ||
| Q2 25 | $0.22 | $0.72 | ||
| Q1 25 | $0.17 | $1.42 | ||
| Q4 24 | $0.16 | $1.63 | ||
| Q3 24 | $0.20 | $1.35 | ||
| Q2 24 | $0.03 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $2.0B |
| Total DebtLower is stronger | — | $4.7B |
| Stockholders' EquityBook value | $10.8B | $7.1B |
| Total Assets | $27.1B | $15.6B |
| Debt / EquityLower = less leverage | — | 0.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.1B | $3.5B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.0B | $1.9B |
| Q1 26 | — | $4.7B | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | — | $7.4B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.4B |
| Q1 26 | — | $7.1B | ||
| Q4 25 | $10.8B | $5.9B | ||
| Q3 25 | $10.6B | — | ||
| Q2 25 | $10.7B | $5.3B | ||
| Q1 25 | $10.1B | $5.2B | ||
| Q4 24 | $9.7B | $12.1B | ||
| Q3 24 | $10.6B | $11.6B | ||
| Q2 24 | $10.2B | $10.8B |
| Q1 26 | — | $15.6B | ||
| Q4 25 | $27.1B | $14.4B | ||
| Q3 25 | $27.2B | — | ||
| Q2 25 | $27.1B | $14.0B | ||
| Q1 25 | $26.3B | $16.4B | ||
| Q4 24 | $25.6B | $25.5B | ||
| Q3 24 | $26.9B | $24.8B | ||
| Q2 24 | $26.4B | $24.2B |
| Q1 26 | — | 0.65× | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.69× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $854.0M | — |
| Free Cash FlowOCF − Capex | $744.0M | — |
| FCF MarginFCF / Revenue | 19.7% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | 2.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $854.0M | $672.0M | ||
| Q3 25 | $294.0M | — | ||
| Q2 25 | $621.0M | $746.0M | ||
| Q1 25 | $428.0M | $508.0M | ||
| Q4 24 | $793.0M | $403.0M | ||
| Q3 24 | $249.0M | $34.0M | ||
| Q2 24 | $440.0M | $366.0M |
| Q1 26 | — | — | ||
| Q4 25 | $744.0M | $599.0M | ||
| Q3 25 | $196.0M | — | ||
| Q2 25 | $533.0M | $675.0M | ||
| Q1 25 | $249.0M | $379.0M | ||
| Q4 24 | $661.0M | $287.0M | ||
| Q3 24 | $190.0M | $-62.0M | ||
| Q2 24 | $350.0M | $250.0M |
| Q1 26 | — | — | ||
| Q4 25 | 19.7% | 21.3% | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 13.9% | -58.5% | ||
| Q1 25 | 6.7% | 16.5% | ||
| Q4 24 | 18.1% | 6.7% | ||
| Q3 24 | 4.9% | -1.5% | ||
| Q2 24 | 8.8% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 2.6% | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.3% | -6.2% | ||
| Q1 25 | 4.8% | 5.6% | ||
| Q4 24 | 3.6% | 2.7% | ||
| Q3 24 | 1.5% | 2.3% | ||
| Q2 24 | 2.3% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | 0.57× | ||
| Q3 25 | 0.74× | — | ||
| Q2 25 | 1.48× | 2.65× | ||
| Q1 25 | 1.33× | 0.98× | ||
| Q4 24 | 2.71× | 0.68× | ||
| Q3 24 | 0.65× | 0.07× | ||
| Q2 24 | 7.59× | 9.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KVUE
| Self Care | $1.6B | 42% |
| Essential Health | $1.1B | 30% |
| Skin Health And Beauty | $1.0B | 28% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
