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Founded in 1904, Coty Inc. is one of the world s largest beauty companies with an iconic portfolio of brands across fragrance, color cosmetics, and skin and body care. Over the past few years, we have implemented a comprehensive transformation agenda (the Transformation Plan ), focusing on our core go-to-market competencies, simplifying our capital structure and deleveraging our balance sheet.
Operating margin is thin at 4.09%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 3.7% YoY. Margins deteriorated 4.8pp alongside, both lines moving the wrong way.
Free cash flow declined 25% versus the prior year, cash generation momentum has weakened. ROIC dropped from 5.53% to 2.99%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$5.79B
▼ -3.7% YoY
Net Income (TTM)
-$533M
▼ -511.5% YoY
Op. Margin
-1.24%
▼ -4.8pp YoY
ROIC
-0.78%
▼ -2.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$311M
▼ -24.9% YoY
Op. Cash Flow (TTM)
$505M
▼ -19.9% YoY
Net Debt
$3.17B
Cash & Equiv.
$257M
5Y CAGR: +4.5%
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