Energy and commodity pricesnegative · 4 filings
“Gross margin decreased 20 basis points due to unfavorable product mix, partially offset by lower commodity costs and productivity savings.”10-Q · Apr 24, 2026 ↗
The Procter & Gamble Company
PG
Market read
The Procter & Gamble Company's move is being confirmed by its market group.
The latest filing is mixed. 9 of 35 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
What changed
- Revenue increased 7.4% versus the comparable filing period.
- Operating margin fell 1.5 percentage points.
Company+1.8% todayVolume comparison unavailable
Market group9 of 35 activePackaged Foods & Beverages · inactive
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- At least 23 of 35 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as HELE begins moving with the group.
Invalidation: The live read weakens if participation falls to 12 of 35 members or fewer.
Research brief
The story so far
The latest filing is mixed. 9 of 35 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 7.4% versus the comparable filing period.
Evidence that challenges
- Operating margin fell 1.5 percentage points.
- Net margin fell 0.5 percentage points.
What would clarify the read
- At least 23 of 35 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as HELE begins moving with the group.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements271
Verified relationships8
Evidence supporting the case
- Operating cash flow covered net income at 1.22x in the latest annual period.
- Foreign exchange has repeated favorable evidence across 4 filings.
- Pricing and mix has repeated favorable evidence across 4 filings.
- Material customer WMT most recently reported revenue +6.9% year over year.
- Material customer WMT most recently reported revenue +7.1% year over year.
Evidence challenging the case
- Operating margin changed -1.6 percentage points in the latest annual period.
- Energy and commodity prices has repeated adverse evidence across 4 filings.
- Input and raw-material costs has repeated adverse evidence across 4 filings.
- Tariffs and trade policy has repeated adverse evidence across 4 filings.
Questions before a position
- EV/sales is 201% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
143.016m-6.7%12m-10.3%24m-18.5%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-06-30$80.2B+5.3%$5.81-2.4%
2023-06-30$82.0B+2.3%$5.90-2.2%
2024-06-30$84.0B+2.5%$6.02-0.5%
2025-06-30$84.3B+0.3%$6.51-0.7%
2026-06-30$87.0B+3.3%$6.62-1.3%
What management says matters
Persistent and emerging business drivers
Foreign exchangepositive · 4 filings
“Baby Care net sales increased low single digits driven by favorable foreign exchange.”10-Q · Apr 24, 2026 ↗
Input and raw-material costsnegative · 4 filings
“Gross margin decreased 20 basis points due to unfavorable product mix, partially offset by lower commodity costs and productivity savings.”10-Q · Apr 24, 2026 ↗
Pricing and mixpositive · 4 filings
“Net sales in Family Care, which is predominantly a North America business, decreased low single digits driven by lower pricing (due to merchandising investments).”10-Q · Apr 24, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 4.0× · EV/sales 4.2×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
145.27+1.8% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 14:05 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for PG. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-04-24 against the comparable filing from 2025-04-24.
OperationsmixedEvidence score 0
liquidityneutralEvidence score 0
valuationmixed
What improved
- Revenue increased 7.4% versus the comparable filing period.
What weakened
- Operating margin fell 1.5 percentage points.
- Net margin fell 0.5 percentage points.
Filing receipts
“The gross margin decrease of 40 basis points was primarily driven by unfavorable product mix, partially offset by higher pricing and productivity savings.”
“The gross margin increase of 30 basis points was primarily due to lower commodity costs and productivity savings, partially offset by unfavorable product mix.”
“Other non-operating income/(expense), net, was $964 million, which is an increase of $1.1 billion versus the prior year period primarily due to the non-cash charge for accumulated foreign currency translation losses due to the substantial liquidation of operations in Argentina recorded in the prior year period and the gain from the dissolution of the Glad joint venture business in the current year period.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind PG
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
CLXThe Clorox CompanypartnerNov 3, 2025 ▾
“Venture Agreement The Company has an agreement with The Procter & Gamble Company (P&G) for the Company’s Glad bags and wraps business.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 9 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
PG is currently a Participant in the organic co-movement group Packaged Foods & Beverages. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.