Stock Analysis on Net

Kimberly-Clark Corp. (NYSE:KMB)

This company has been moved to the archive! The financial data has not been updated since April 23, 2021.

Analysis of Reportable Segments 

Microsoft Excel

Segment Profit Margin

Kimberly-Clark Corp., profit margin by reportable segment

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Personal Care 20.70% 20.90% 20.28% 21.01% 20.53%
Consumer Tissue 21.55% 16.80% 14.55% 17.43% 18.72%
K-C Professional 17.49% 19.96% 18.75% 19.73% 19.14%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Segment profitability ratio Reportable segment The company
Segment profit margin Personal Care Personal Care segment profit margin ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.
Consumer Tissue Consumer Tissue segment profit margin ratio improved from 2018 to 2019 and from 2019 to 2020.
K-C Professional K-C Professional segment profit margin ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Segment Profit Margin: Personal Care

Kimberly-Clark Corp.; Personal Care; segment profit margin calculation

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Operating profit 1,933 1,904 1,833 1,907 1,857
Net sales 9,339 9,108 9,037 9,078 9,046
Segment Profitability Ratio
Segment profit margin1 20.70% 20.90% 20.28% 21.01% 20.53%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Segment profit margin = 100 × Operating profit ÷ Net sales
= 100 × 1,933 ÷ 9,339 = 20.70%

Segment profitability ratio Reportable segment The company
Segment profit margin Personal Care Personal Care segment profit margin ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.

Segment Profit Margin: Consumer Tissue

Kimberly-Clark Corp.; Consumer Tissue; segment profit margin calculation

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Operating profit 1,448 1,007 875 1,034 1,117
Net sales 6,718 5,993 6,015 5,932 5,967
Segment Profitability Ratio
Segment profit margin1 21.55% 16.80% 14.55% 17.43% 18.72%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Segment profit margin = 100 × Operating profit ÷ Net sales
= 100 × 1,448 ÷ 6,718 = 21.55%

Segment profitability ratio Reportable segment The company
Segment profit margin Consumer Tissue Consumer Tissue segment profit margin ratio improved from 2018 to 2019 and from 2019 to 2020.

Segment Profit Margin: K-C Professional

Kimberly-Clark Corp.; K-C Professional; segment profit margin calculation

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Operating profit 528 657 634 633 603
Net sales 3,019 3,292 3,382 3,208 3,150
Segment Profitability Ratio
Segment profit margin1 17.49% 19.96% 18.75% 19.73% 19.14%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Segment profit margin = 100 × Operating profit ÷ Net sales
= 100 × 528 ÷ 3,019 = 17.49%

Segment profitability ratio Reportable segment The company
Segment profit margin K-C Professional K-C Professional segment profit margin ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Segment Return on Assets (Segment ROA)

Kimberly-Clark Corp., ROA by reportable segment

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Personal Care 22.78% 28.72% 29.53% 28.93% 30.24%
Consumer Tissue 27.70% 20.33% 18.47% 20.65% 23.46%
K-C Professional 20.70% 26.90% 27.75% 28.07% 28.03%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Segment profitability ratio Reportable segment The company
Segment ROA Personal Care Personal Care segment ROA deteriorated from 2018 to 2019 and from 2019 to 2020.
Consumer Tissue Consumer Tissue segment ROA improved from 2018 to 2019 and from 2019 to 2020.
K-C Professional K-C Professional segment ROA deteriorated from 2018 to 2019 and from 2019 to 2020.

Segment ROA: Personal Care

Kimberly-Clark Corp.; Personal Care; segment ROA calculation

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Operating profit 1,933 1,904 1,833 1,907 1,857
Assets 8,486 6,630 6,208 6,592 6,141
Segment Profitability Ratio
Segment ROA1 22.78% 28.72% 29.53% 28.93% 30.24%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Segment ROA = 100 × Operating profit ÷ Assets
= 100 × 1,933 ÷ 8,486 = 22.78%

Segment profitability ratio Reportable segment The company
Segment ROA Personal Care Personal Care segment ROA deteriorated from 2018 to 2019 and from 2019 to 2020.

Segment ROA: Consumer Tissue

Kimberly-Clark Corp.; Consumer Tissue; segment ROA calculation

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Operating profit 1,448 1,007 875 1,034 1,117
Assets 5,227 4,954 4,738 5,007 4,761
Segment Profitability Ratio
Segment ROA1 27.70% 20.33% 18.47% 20.65% 23.46%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Segment ROA = 100 × Operating profit ÷ Assets
= 100 × 1,448 ÷ 5,227 = 27.70%

Segment profitability ratio Reportable segment The company
Segment ROA Consumer Tissue Consumer Tissue segment ROA improved from 2018 to 2019 and from 2019 to 2020.

Segment ROA: K-C Professional

Kimberly-Clark Corp.; K-C Professional; segment ROA calculation

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Operating profit 528 657 634 633 603
Assets 2,551 2,442 2,285 2,255 2,151
Segment Profitability Ratio
Segment ROA1 20.70% 26.90% 27.75% 28.07% 28.03%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Segment ROA = 100 × Operating profit ÷ Assets
= 100 × 528 ÷ 2,551 = 20.70%

Segment profitability ratio Reportable segment The company
Segment ROA K-C Professional K-C Professional segment ROA deteriorated from 2018 to 2019 and from 2019 to 2020.

Segment Asset Turnover

Kimberly-Clark Corp., asset turnover by reportable segment

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Personal Care 1.10 1.37 1.46 1.38 1.47
Consumer Tissue 1.29 1.21 1.27 1.18 1.25
K-C Professional 1.18 1.35 1.48 1.42 1.46

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Segment activity ratio Reportable segment The company
Segment asset turnover Personal Care Personal Care segment asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Consumer Tissue Consumer Tissue segment asset turnover ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.
K-C Professional K-C Professional segment asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Segment Asset Turnover: Personal Care

Kimberly-Clark Corp.; Personal Care; segment asset turnover calculation

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Net sales 9,339 9,108 9,037 9,078 9,046
Assets 8,486 6,630 6,208 6,592 6,141
Segment Activity Ratio
Segment asset turnover1 1.10 1.37 1.46 1.38 1.47

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Segment asset turnover = Net sales ÷ Assets
= 9,339 ÷ 8,486 = 1.10

Segment activity ratio Reportable segment The company
Segment asset turnover Personal Care Personal Care segment asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Segment Asset Turnover: Consumer Tissue

Kimberly-Clark Corp.; Consumer Tissue; segment asset turnover calculation

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Net sales 6,718 5,993 6,015 5,932 5,967
Assets 5,227 4,954 4,738 5,007 4,761
Segment Activity Ratio
Segment asset turnover1 1.29 1.21 1.27 1.18 1.25

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Segment asset turnover = Net sales ÷ Assets
= 6,718 ÷ 5,227 = 1.29

Segment activity ratio Reportable segment The company
Segment asset turnover Consumer Tissue Consumer Tissue segment asset turnover ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.

Segment Asset Turnover: K-C Professional

Kimberly-Clark Corp.; K-C Professional; segment asset turnover calculation

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Net sales 3,019 3,292 3,382 3,208 3,150
Assets 2,551 2,442 2,285 2,255 2,151
Segment Activity Ratio
Segment asset turnover1 1.18 1.35 1.48 1.42 1.46

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Segment asset turnover = Net sales ÷ Assets
= 3,019 ÷ 2,551 = 1.18

Segment activity ratio Reportable segment The company
Segment asset turnover K-C Professional K-C Professional segment asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Segment Capital Expenditures to Depreciation

Kimberly-Clark Corp., capital expenditures to depreciation by reportable segment

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Personal Care 1.78 1.20 0.97 1.25 1.38
Consumer Tissue 1.17 1.31 0.90 0.99 0.89
K-C Professional 1.84 1.76 1.30 0.82 0.82

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Personal Care Personal Care segment capital expenditures to depreciation ratio improved from 2018 to 2019 and from 2019 to 2020.
Consumer Tissue Consumer Tissue segment capital expenditures to depreciation ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.
K-C Professional K-C Professional segment capital expenditures to depreciation ratio improved from 2018 to 2019 and from 2019 to 2020.

Segment Capital Expenditures to Depreciation: Personal Care

Kimberly-Clark Corp.; Personal Care; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Capital spending 616 518 415 405 421
Depreciation and amortization 347 430 426 324 305
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.78 1.20 0.97 1.25 1.38

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Segment capital expenditures to depreciation = Capital spending ÷ Depreciation and amortization
= 616 ÷ 347 = 1.78

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Personal Care Personal Care segment capital expenditures to depreciation ratio improved from 2018 to 2019 and from 2019 to 2020.

Segment Capital Expenditures to Depreciation: Consumer Tissue

Kimberly-Clark Corp.; Consumer Tissue; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Capital spending 391 489 299 281 250
Depreciation and amortization 334 372 331 283 280
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.17 1.31 0.90 0.99 0.89

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Segment capital expenditures to depreciation = Capital spending ÷ Depreciation and amortization
= 391 ÷ 334 = 1.17

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Consumer Tissue Consumer Tissue segment capital expenditures to depreciation ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.

Segment Capital Expenditures to Depreciation: K-C Professional

Kimberly-Clark Corp.; K-C Professional; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Capital spending 204 195 157 92 95
Depreciation and amortization 111 111 121 112 116
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.84 1.76 1.30 0.82 0.82

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

1 2020 Calculation
Segment capital expenditures to depreciation = Capital spending ÷ Depreciation and amortization
= 204 ÷ 111 = 1.84

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation K-C Professional K-C Professional segment capital expenditures to depreciation ratio improved from 2018 to 2019 and from 2019 to 2020.

Net sales

Kimberly-Clark Corp., net sales by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Personal Care 9,339 9,108 9,037 9,078 9,046
Consumer Tissue 6,718 5,993 6,015 5,932 5,967
K-C Professional 3,019 3,292 3,382 3,208 3,150
Corporate & Other 64 57 52 41 39
Total 19,140 18,450 18,486 18,259 18,202

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).


Operating profit

Kimberly-Clark Corp., operating profit by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Personal Care 1,933 1,904 1,833 1,907 1,857
Consumer Tissue 1,448 1,007 875 1,034 1,117
K-C Professional 528 657 634 633 603
Corporate & Other (719) (787) (1,112) (248) (252)
Other income and (expense), net 54 210 (1) (27) (8)
Total 3,244 2,991 2,229 3,299 3,317

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).


Depreciation and amortization

Kimberly-Clark Corp., depreciation and amortization by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Personal Care 347 430 426 324 305
Consumer Tissue 334 372 331 283 280
K-C Professional 111 111 121 112 116
Corporate & Other 4 4 4 5 4
Total 796 917 882 724 705

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).


Capital spending

Kimberly-Clark Corp., capital spending by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Personal Care 616 518 415 405 421
Consumer Tissue 391 489 299 281 250
K-C Professional 204 195 157 92 95
Corporate & Other 6 7 6 7 5
Total 1,217 1,209 877 785 771

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).


Assets

Kimberly-Clark Corp., assets by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Personal Care 8,486 6,630 6,208 6,592 6,141
Consumer Tissue 5,227 4,954 4,738 5,007 4,761
K-C Professional 2,551 2,442 2,285 2,255 2,151
Corporate & Other 1,259 1,257 1,287 1,297 1,549
Total 17,523 15,283 14,518 15,151 14,602

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).