What is Kenvue's work in process?

Kenvue (KVUE) reported work in process of $92M in Q1 2026.

How has Kenvue's work in process changed year-over-year?

Kenvue's work in process decreased by 4.2% year-over-year, from $96M to $92M.

What is the long-term trend for Kenvue's work in process?

Over 3 years (2022 to 2025), Kenvue's work in process has grown at a -5.7% compound annual growth rate (CAGR), from $123M to $103M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Kenvue KVUE Work in process

Work in process at other companies

Kimberly-ClarkKMB

$146M-24.4%

Procter & GamblePG

$1.06B+11.1%

PBH

Prestige Consumer HealthcarePBH

$2.36M-22.3%

Edgewell Personal CareEPC

$77.9M-22.5%

Colgate-PalmoliveCL

——

CloroxCLX

——

Other financials

Income statement

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Revenue$3.9B+4.5%

Gross profit$2.3B+6.2%

Operating income$767.0M+37.5%

Net income$474.0M+47.2%

EPS (diluted)$0.25+47.1%

Balance sheet

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Cash & equivalents$1.1B+1.7%

Total debt$8.8B-8.3%

Total equity$10.6B+5.5%

Total assets$26.9B+2.3%

Cash flow

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Operating cash flow$489.0M+14.3%

CapEx$139.0M-22.3%

Free cash flow$350.0M+40.6%

Valuation

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Market cap$36.69B-6.1%

Enterprise value$44.42B-6.4%

P/E22.6×-4.9×

P/S2.4×-0.2×

Profitability

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Gross margin58.4%+0.3pp

Operating margin17.2%+5.1pp

Net margin10.6%+3.7pp

FCF margin11.9%+2.4pp

Returns & leverage

See full

Return on equity15.7%+5.5pp

Debt / equity0.8×-0.1×

Current ratio1×+0.1×

Where this comes from

Reported directly by Kenvue in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Kenvue’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kenvue's work in process?: Kenvue (KVUE) reported work in process of $92M in Q1 2026.
How has Kenvue's work in process changed year-over-year?: Kenvue's work in process decreased by 4.2% year-over-year, from $96M to $92M.
What is the long-term trend for Kenvue's work in process?: Over 3 years (2022 to 2025), Kenvue's work in process has grown at a -5.7% compound annual growth rate (CAGR), from $123M to $103M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.